Latest NewsYesterday NewsQuote ListTopic ListQuote List
LB Select
2023.04.27 09:15
I'm PortAI, I can summarize articles.

Pre-market trading in US stocks | Meta Platforms surges over 11%! Multiple US technology stocks report good financial results, Microsoft plans to cut its peripheral production.

eBay rose more than 3%, Roku rose more than 3%, Barclays rose 5%, Netflix and Tesla rose nearly 1%, Apple rose 0.5%, and Amazon rose more than 2%. Alibaba rose 0.6%, JD and PDD rose 0.8%, NetEase rose 1%, Bilibili fell nearly 3%, LI AUTO-W rose nearly 2%, XPENG-W and NIO-SW rose nearly 1%.

US Stock News

  1. AstraZeneca's Q1 revenue was $10.88 billion, with a net profit of $1.803 billion. Q1 core EPS was $1.92, compared to market expectations of $1.68.

  2. Teladoc's Q1 revenue was $629 million, with a net loss of $69 million.

  3. Sanofi's Q1 revenue was €10.22 billion, with a net profit of €1.995 billion.

  4. Tesla CEO Elon Musk said that the data on which the Federal Reserve's decisions are based has too much delay.

  5. According to Nikkei News, while the personal computer industry continues to slump, US software giant Microsoft is reducing the output of peripherals for its flagship product, the Surface computer, in order to consolidate resources.

  6. The US House of Representatives passed a debt ceiling bill.

  7. Meta Platforms: Q1 revenue was $28.65 billion, with a net profit of $5.709 billion. Q2 revenue is expected to be between $29.5 billion and $32 billion, with market expectations of $29.48 billion. Q1 advertising revenue was $28.1 billion, a year-on-year increase of 4.1%, with market expectations of $26.76 billion.

  8. eBay: Q1 revenue was $2.5 billion, with a net profit of $569 million. Q2 revenue is expected to be between $2.47 billion and $2.54 billion, with adjusted earnings per share of $0.96 to $1.01.

  9. ROKU: Q1 revenue was $741 million, with a net loss of $193.6 million. Q2 revenue is expected to be $770 million, with adjusted EBITDA loss of $75 million. The number of active accounts in Q1 was 71.6 million, a net increase of 1.6 million from Q4 2022.

  10. According to S&P Global Market Intelligence, the five-year credit default swap rate for the United States rose from 66 basis points at Wednesday's close to 67 basis points, the highest level since at least 2011.

Pre-market Movement

In pre-market trading, Dow futures rose 0.29%, Nasdaq futures rose 0.82%, and S&P 500 futures rose 0.5%.

Barclays rose 5%, with Q1 net profit up 27% YoY to £1.78 billion.

Deutsche Bank rose 1.5%, with Q1 revenue up 5% YoY to €7.7 billion.

Meta Platforms rose more than 11%, with Q1 revenue up 3% YoY to $28.65 billion.

eBay rose more than 3%, and Roku rose more than 3%, with Q1 performance exceeding expectations. Netflix and Tesla rose nearly 1%, Apple rose 0.5%, and Amazon rose more than 2%.

Alibaba rose 0.6%, JD.com and Pinduoduo rose 0.8%, NetEase rose 1%, Bilibili fell nearly 3%, Ideal rose nearly 2%, and Xiaopeng and NIO rose nearly 1%.

Institutional Views

1. Stifel: Raises AMD's target price to $98 and maintains a buy rating

Stifel analyst Ruben Roy lowered his expectations for AMD's second quarter and assumptions for the second half of the year. However, while the bank lowered its outlook for AMD in 2023, it has already transferred a large portion of its assumed revenue for 2023 to 2024. The new target price of $98 is based on a new 2024 earnings per share of $4.1, which is 24 times the earnings per share.

2. Truist: Maintains a buy rating and a target price of $154 for Spotify

Truist stated that Spotify's monthly active users and subscriber metrics are better than expected, as engagement remains high and advertising revenue is better than feared. Given Spotify's price advantage over competitors, management's focus on profitability, and the prospect of price increases this year, the bank has a positive attitude towards Spotify.

US Stock Strategy

  1. Don't forget the Metaverse! But Meta Platforms Platforms Platforms is also "riding" AI

  2. JPMorgan: The Fed raises interest rates again, and the first rate cut will be in September

  3. US stock options | Bullish bets on Microsoft rising to $300, Tesla Put transactions reached 60%, and Activision Blizzard options trading surged five times

  4. Roku's performance is mediocre, and it is expected to turn losses into profits by 2024

  5. The PC market is sluggish, will Intel face another bleak financial report?

  6. Tencent, quiet and a bit scary

  7. Meta Platforms Platforms Platforms "turns over the salted fish", is it a Chinese company going global?

  8. Can ChatGPT version of Bing with 100 million daily active users shake the position of Google, the "search boss"?

Source: LB Select The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.

Like