Pre-market trading of US stocks | Buffett continues to reduce holdings of BYD H shares, working group from the Ministry of Cyberspace enters Douyu platform.
Tesla rose more than 2%, BILIBILI-W fell nearly 1%, PDD rose 0.6%, NIO-SW rose nearly 2%, LI AUTO-W rose 3%, XPENG-W rose more than 2%. BioNTech SE rose 6%, BEKE-W fell nearly 8%, Douyu fell 13%.
US Stock News
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Berkshire Hathaway sold 1.96 million BYD H shares at a price of HKD 235.64 per share. According to the Hong Kong Stock Exchange disclosure document, on May 2, Berkshire Hathaway reduced its stake in BYD from 10.05% to 9.87%.
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According to sources, Alibaba's logistics subsidiary Cainiao plans to IPO in Hong Kong in early 2024, aiming to raise up to $2 billion.
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According to Bloomberg, Biden plans to sign an executive order before and after the G7 summit in Hiroshima from June 19 to 21, strictly limiting US companies' investment in some high-tech industries in China; among them, artificial intelligence, semiconductors, and quantum technology may face a comprehensive investment ban. (Xiaoyang Video)
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Berkshire Hathaway sold $13.3 billion worth of stocks in the first quarter, while the amount spent on buying stocks was only $2.9 billion. In addition, Berkshire Hathaway spent $4.4 billion on repurchasing its own stocks and $2.9 billion on repurchasing stocks of its subsidiaries. As of March 31, about 77% of the fair value of equity investments were concentrated in American Express, Apple, Bank of America, Chevron, and Coca-Cola.
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BioNTech's revenue in the first quarter was $1.277 billion, with a net profit of $502 million.
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On May 8th, the National Internet Information Office guided the Hubei Provincial Internet Information Office to send a working group to enter the Douyu platform to carry out a one-month centralized rectification and supervision for the serious ecological problems such as pornography and vulgarity on the Douyu platform. (CCTV)
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Apple has applied to issue five different maturities of bonds, which will mature in 2026, 2028, 2030, 2033, and 2053.
Pre-market Movement
In pre-market trading, Dow Jones futures rose 0.2%, Nasdaq futures fell slightly, and S&P 500 futures rose 0.16%.
Beike fell nearly 8%. The Ministry of Housing and Urban-Rural Development has put forward specific opinions on second-hand housing agency fees, etc., and called for a reasonable reduction in housing transaction and rental brokerage service fees.
Most regional bank stocks in the US rose in pre-market trading, with Western Alliance Bancorp up more than 20%, Alliance Western Banks up more than 7%, and First Horizon National Corporation up more than 4%.
BioNTech SE rose 6%, with first-quarter net profit far exceeding expectations.
Most US blockchain concept stocks fell in pre-market trading, with Riot Blockchain down 5.6%, Marathon Digital down 5.4%, and Coinbase down 2.4%.
Tesla rose more than 2%, Bilibili fell nearly 1%, Pinduoduo rose 0.6%, NIO rose nearly 2%, LI AUTO-W rose 3%, Xiaopeng rose more than 2%, and Douyu fell 13%.
Institutional Viewpoint
Bank of America Securities: Downgrades Moderna's Target Price to $175, Neutral Rating
Bank of America Securities stated that there is no clear view on Moderna's next growth in the future product pipeline. Considering the delay of the seasonal flu vaccine mRNA-1010 and concerns about its efficacy, Bank of America has accordingly lowered its forecast for seasonal flu-related revenue and lowered the target price to $175, reiterating a neutral rating.