Pre-market US stocks | NIO-SW's April deliveries fell by over 35% MoM, LI AUTO-W delivered over 20,000 vehicles for two consecutive months, JPMorgan acquired FRC for $10.6 billion.
Meta fell 0.4%, Amazon fell 0.3%, and Apple fell 0.3%. Li Auto rose more than 3%, Xiaopeng rose nearly 2%, and NIO-SW rose less than 1%. First Republic Bank fell 46%, previously falling nearly 60%.
US Stock News
1. JPMorgan Chase to pay $10.6 billion to the Federal Deposit Insurance Corporation
JPMorgan Chase announced that it will pay $10.6 billion to the Federal Deposit Insurance Corporation to acquire First Republic Bank. In addition, JPMorgan Chase will repay $25 billion in deposits from large US banks and cancel $5 billion in deposits owed to it by First Republic Bank. The Federal Deposit Insurance Corporation will provide $50 billion in 5-year fixed-rate financing.
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Li Auto: delivered 25,681 vehicles in April, a year-on-year increase of 516.3%, and delivered more than 20,000 vehicles for two consecutive months.
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XPENG-W: delivered 7,079 vehicles in April, an increase of about 1% from the 7,002 vehicles delivered last month.
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NIO Inc. USD OV: delivered 6,658 vehicles in April, a year-on-year increase of 31.2% and a month-on-month decrease of 35.8%.
Pre-market Movement
In pre-market trading, Dow Jones futures, Nasdaq futures, and S&P 500 futures all fluctuated narrowly.
First Republic Bank fell 46%, having previously fallen nearly 60%.
Li Auto rose more than 3%, and XPENG-W rose nearly 2%.
Meta Platforms Platforms Platforms Platforms Platforms fell 0.4%, Amazon fell 0.3%, and Apple fell 0.3%.
Institutional Views
1. HSBC Research: Raises Meta Platforms Platforms Platforms Platforms Platforms Target Price to $170, Maintains Sell Rating
HSBC pointed out that AI can help improve content recommendation and user engagement, and provide new sources of revenue. The development of AI in the period has not undergone significant changes, and the investments made by Meta Platforms Platforms Platforms Platforms Platforms in the past are actually generating returns. The full-year revenue and earnings per share forecasts for Meta Platforms Platforms Platforms Platforms Platforms were raised by 1.2% and 23%, respectively, and the target price was raised to $170. The medium-term view remains cautious, and the sell rating is maintained due to uncertain factors such as the macro environment and regulatory risks. 2. Wall Street's famous bear Wilson: The hawkish stance of the Fed will cause stock market turbulence
Morgan Stanley strategist Michael Wilson said that the Fed will raise interest rates this Thursday. If the message conveyed by the Fed is stronger this time, it may have a short-term negative impact on the stock market. Even in the face of turbulence in the banking industry and increasing concerns about economic recession, investors are pleased with better-than-expected corporate earnings and expect any economic slowdown to be moderate.
3. Truist: Raises Intel's target price from $29 to $32 and maintains a hold rating
Truist raised Intel's target price from $29 to $32. Analysts said that the company had experienced two quarters of "negative financial information pile-up" ("Kitchen-sink") and the current situation seems "much better". Although the management's sentiment has improved, Truist hopes to see more evidence before taking a more positive attitude towards Intel's situation.