Pre-market trading of US stocks | Tesla raises prices for multiple models in the US, Twitter to welcome new CEO according to Tesla, SoftBank's Arm to IPO as early as September.
Tesla rose 1.6%, while Alibaba, JD.com, and Pinduoduo fell by about 1.5%. BIDU-SW fell nearly 2%, Bilibili fell over 2%, Xiaopeng fell over 5%, and NIO-SW fell over 1%. Alphabet-C rose 0.4%, and Meta rose 0.7%.
US Stock News
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SoftBank is reportedly planning a $10 billion IPO for Arm, which could take place as early as September.
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Federal Reserve Board member Bowman: The Fed's policy actions do not have a predetermined path.
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Tesla China
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Tesla: I have found a new CEO for X/Twitter, who will take office in 6 weeks. I will become the executive chairman and chief technology officer of X/Twitter.
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Federal Reserve Board member Bowman: The Fed's policy actions do not have a predetermined path.
Pre-market Movement
In pre-market trading, Dow futures, S&P 500 futures rose 0.4%, and Nasdaq futures rose 0.3%.
Faraday Future Intelligent Electric rose more than 10%, reaffirming its goal of starting delivery of the FF 91 in late May.
Tesla rose 1.6%, and Tesla, Tesla, and Tesla's entire lineup of vehicles in the United States have been raised.
Alibaba, JD.com, and Pinduoduo fell by about 1.5%. BIDU-SW fell nearly 2%, Bilibili fell more than 2%, XPENG-W fell more than 5%, and NIO fell more than 1%.
Google rose 0.4%, and Meta rose 0.7%.
Institutional Views
1. Loop Capital: The slowdown of Amazon AWS business is temporary
Loop Capital analyst Rob Sanderson maintains a buy rating on Amazon and a target price of $140. The slowdown of Amazon Web Services (AWS) may be temporary. It is also encouraged by recent feedback from industry experts and believes that the growth rate will pick up again as cost reduction measures are gradually implemented.
2. Piper Sandler: Raises Shopify's target price from $45 to $50
Piper Sandler maintains a neutral stock rating for Shopify. The analyst said that the space for the current stock price to rise is difficult to support on the basis of valuation. The bank believes that after the recent rebound, the valuation of the stock has become "too high."