Pre-market trading in US stocks | Chinese internet companies are all down, OpenAI's website traffic reached 2% of Alphabet-C last month, Palantir Tech surged over 18%, while Lucid fell 9%!

US Stock News

1. The Bipartisan Policy Center: The US may hit the debt ceiling and default between early June and early August, depending on revenue.

2. According to SimilarWeb statistics, ChatGPT had 1.76 billion global visits last month, surpassing other international search engines such as Bing, DuckDuckGo, and reaching 2% of Alphabet-C and 60% of BIDU-SW.

3. The US April NFIB Small Business Confidence Index was 89, expected to be 89.7, and the previous value was 90.1.

4. In response to the news of regulatory entry, Douyu officials responded today that they will actively cooperate with the inspection and guidance of the Hubei Provincial Internet Information Office working group, and carry out content rectification work in accordance with regulatory requirements. Douyu will further optimize the platform's content review mechanism, effectively fulfill the platform's regulatory responsibilities, and create a healthier and more positive live broadcast environment.

5. On May 9th, Douyin released platform specifications and industry initiatives for AI-generated content. It mentioned that the publisher should significantly label AI-generated content to help other users distinguish between virtual and reality, especially in confusing scenarios.

6. Palantir Tech Tech's first-quarter performance exceeded market expectations, with a net profit of 16.8 million US dollars, turning losses into profits year-on-year. The company expects to achieve GAAP net profit in each quarter of the year. The expected revenue for the whole year is 2.19 billion to 2.24 billion US dollars, and the market expectation is 2.2 billion US dollars.

7. Musk: Tesla's goal is to complete the construction of the lithium refining plant next year and is expected to be put into production in one year.

8. Lucid's first-quarter revenue was $149.4 million, analyst expectations were $197.8 million; the first-quarter car delivery volume was 1,406, and analyst expectations were 1,835; the first-quarter loss per share was $0.43, and analyst expectations were $0.40. Lucid applied for the issuance of a $7.4 billion mixed securities shelf.

9. US Treasury Secretary Yellen said that the possibility of an economic recession cannot be ruled out, but she believes that this is not the most likely development path.

10. Paypal's first-quarter revenue was $7.04 billion, and net profit was $795 million; it is expected that net revenue will increase by about 6.5% to 7% in the second quarter. The expected stock repurchase scale for 2023 will be about $4 billion.

Pre-market changes

In pre-market trading, Dow Jones futures, Nasdaq futures, and S&P 500 index futures all fell more than 0.3%.

Popular Chinese concept stocks fell in pre-market, with Xiaopeng Motors falling more than 4%, Beike, Bilibili falling more than 3%, BIDU-SW, Alibaba, JD, and Pinduoduo falling about 3%, NIO falling more than 2%, and Li Auto falling more than 1%. Lucid Group fell 9%, with a Q1 net loss of $779 million and vehicle deliveries of 1,406 units falling short of expectations. Palantir Tech soared over 18%, with a Q1 net profit of $16.802 million, reversing its loss from the same period last year. Fisker fell over 3%, with a Q1 net loss of $120 million, worse than the market's expected loss of $86 million. Apple, Microsoft, and Meta fell by around 0.5%, while Alphabet-C rose by 0.4%. Paypal plummeted over 5%.

Institutional Views

1. Barclays: Raises DoorDash's target price from $70 to $75

Barclays Bank maintains its hold rating on DoorDash. The company demonstrated "solid execution" in the first quarter, with growth and EBITDA leading the industry. Barclays said that the company's stock price has been fluctuating within a range, but these rising performance should "bring more followers to the company" while making long-term investments.

2. Kleban Capital: Raises Apple's target price from $177 to $180 and maintains a buy rating

Kleban Capital analyst Brandon Nispel said that Apple's second-quarter performance exceeded expectations in iPhones and wearable devices, achieving success in markets such as China, Europe, Japan, and the Asia-Pacific region, but performance in the United States was lower than expected. Investors may continue to focus on "quarterly performance noise" because Apple may be "more resilient to macroeconomic conditions than ever before."

US Stock Strategy

1. Quick Look by Major Banks | Apple's target price is raised again! Why does Tencent still have 45% upside?

2. US Stock Options | Amazon, AMD call options are active, FuboTV options trading volume increased five times

3. Preview | Maybe this year! Tencent's gaming, advertising, and financial payment businesses are all accelerating growth!

4. Will US stocks rise again? Apple, Amazon are expected to take action

5. Too early to be happy? JPMorgan warns that the "darkest moment" of US stocks is not over yet!

6. Just now, the Nasdaq emerged from a bear market! Only the S&P 500 index is left

7. Is Amazon AWS falling behind Microsoft Azure in the AI boom?

8. Bank of America warns: US commercial real estate will be the "next storm eye"