Pre-market in the US stock market: Tesla and NVIDIA lead the decline in tech stocks! XPENG-W and JD lead the decline in Chinese concept stocks.

U.S. Stock Market News

1. The 5-year LPR in China is 3.95%, down 25 basis points from the previous value, marking the largest single "interest rate cut" in history.

China Financial Times commented that the decline in the 5-year LPR will effectively support the continued recovery and improvement of the economy.

Zhao Wei from Guojin Securities pointed out that after a two-year interval, the LPR has once again started an asymmetric downward adjustment. The unexpected decrease in the 5-year LPR not only further signals stable growth but also helps alleviate the pressure of existing debt and stimulate demand.

1. Li Xiang, CEO of Li Auto, posted on his official WeChat account to review the shortcomings of 2023, which were criticized as "ambiguous" and "all reverse talk":

1. Poor sales performance. Out of 376,000 vehicles sold, 400,000 were sold to used car dealers. 2. NOA was particularly disappointing. It was only pushed to Li Xiang himself, not to all vehicle owners. 3. Unable to achieve certain brands of cars being able to rear-end a large truck at 180 km/h, sending the truck into Jupiter's orbit, with the car driver unharmed. In conclusion, acknowledging mistakes and making improvements in 2024.

1. Taobao announced the establishment of a live e-commerce company, providing "nanny-style" full-service operation for celebrities, KOLs, and MCN institutions intending to start live streaming on Taobao.

2. Several netizens found that some Taobao orders can be directly paid through WeChat Pay. Taobao customer service stated that WeChat Pay is currently gradually opening to some users and only supports selected items for purchase. Taobao will gradually expand this service to all users, and "this process will not take too long."

3. It was reported that ByteDance has launched a groundbreaking video model called Boximator, which can accurately control the actions of characters or objects in a video through text.

In response, ByteDance officials stated that Boximator is not yet a fully developed product and still has a long way to go in terms of image quality, fidelity, video length, compared to leading video generation models abroad.

1. Musk stated that achieving a production volume ten times the current level for Tesla is very challenging, but this goal is not impossible to achieve.

Pre-market Movers

In pre-market trading, U.S. stock index futures are down, and the fear index is surging.

Bitcoin is currently at $51,640, down over 1% in the past 24 hours; Ethereum is at $2,890, down 0.65% in the past 24 hours.

Individual stocks are generally down in pre-market trading.

In the tech sector, Tesla, NVIDIA, and AMD are down nearly 2%, while Meta, Amazon, Apple, and Microsoft are all declining.

As for Chinese concept stocks, only Li Auto and NetEase are up around 1% in pre-market trading, while XPeng is down over 4%, JD.com is down 3%, and Alibaba, Pinduoduo, Nio, Baidu, and Bilibili are all in decline.

• When it comes to individual stocks, the US biotechnology company Ocugen surged by 45% in pre-market trading and will host a clinical showcase tomorrow to introduce the progress of OCU400 experiment.

• Discover Financial soared by 15% in pre-market trading, with First Capital Financial planning to acquire the company for $35.3 billion.

• Barclays rose by over 6% in pre-market trading, announcing a business restructuring, cost reduction, and increased shareholder returns.

Strategy Review

1. Will NVIDIA's earnings report be a turning point for the US stock market?

Last week, the US CPI and PPI data came out, delaying the expected interest rate cut, which did not seem to make investors too nervous. Market attention has now shifted to NVIDIA's earnings report. Investors generally believe that whether the AI boom can continue is the key issue determining the outlook for the US stock market.

2. What to look for in NVIDIA's earnings report?

Morgan Stanley: Guidance and B100 are crucial. Morgan Stanley emphasizes that strong demand will continue to drive up NVIDIA's stock price.

3. XPeng sounds the horn for a counterattack

Autonomous driving is an opportunity thrown into the market, as well as the beginning of a reshuffle elimination game. He Xiaopeng set a goal for XPeng to strive for the top 1-2 in the smart driving track; He Xiaopeng also pushed all his chips to the table.

4. Bitcoin stabilizes above $50,000! Is there more market momentum?

Bitcoin has risen by 118% in the past year! More importantly, with the next halving event expected to take place on April 29th, another bull market seems highly likely to occur!

5. The "Magnificent 7" is almost the world's second-largest stock market!

A Deutsche Bank report shows that the financial strength of the seven giants in the US stock market almost exceeds that of all other major countries in the world. The total market value of just the seven major US tech giants alone could make it the world's second-largest national-level stock exchange.