Pre-market US stocks | Debt ceiling negotiations continue tonight, Zhu Xiaotong increases holdings of Tesla stocks, Cainiao denies large-scale layoffs.

US Stock News

1. Futu Holdings' Q1 revenue was HKD 2.5 billion, compared to HKD 1.641 billion in the same period last year, and the market expectation was HKD 2.012 billion. Net profit was HKD 1.192 billion, compared to HKD 0.572 billion in the same period last year, and the market expectation was HKD 1.039 billion.

2. Zhihu: Q1 revenue was CNY 994.2 million, the market expectation was CNY 958 million, and the same period last year was CNY 743.2 million. Net loss was CNY 179 million, the market expectation was CNY 248 million, and the same period last year was CNY 614 million.

3. Market news: Meta lost the case of seeking evidence of antitrust investigation in the European Union.

4. "Dr. Doom" Roubini: If the United States fails to reach a debt agreement, the market may collapse. Regional banks in the United States will face "credit tightening."

5. There were rumors recently that Alibaba is undergoing large-scale layoffs, involving multiple businesses such as local life, Cainiao, and Alibaba Cloud Intelligence Group. In response, an insider from Cainiao said that the news was false.

6. Market news: The White House and the Republican Party are expected to resume debt negotiations on Wednesday.

7. Tesla: By the end of this year, it may choose another location to build a Tesla factory. When asked if India is an "interested" location for Tesla's factory, Tesla said "absolutely."

Xiaopeng Motors: Q1 revenue was CNY 4.03 billion, compared to CNY 7.455 billion in the same period last year. Net loss was CNY 2.34 billion, the market expectation was CNY 1.898 billion, and the same period last year was CNY 1.7 billion. It is expected to deliver 21,000 to 22,000 vehicles in the second quarter, and the market expects 27,800.

Pre-market Movement

In pre-market trading, Dow Jones futures, Nasdaq futures, and S&P 500 futures fell by about 0.3%.

JD.com fell 1.7%, Xiaopeng fell more than 5%, Futu Holdings rose 2.6%, Pinduoduo fell 0.8%, Alibaba fell 0.6%, Zhihu fell 1%. Li Auto fell more than 1%, Bilibili and NIO fell more than 2%.

Institutional View

CITIC Securities: VR/AR is expected to welcome the iPhone moment

CITIC Securities' latest research report stated that under the background of the global decline in smartphone shipments, the first-generation MR product of the smartphone leader Apple is of great significance, and the top hardware parameters and rich compatible content ecology are enough to show its emphasis and investment in the VR/AR market. We are optimistic about the release of Apple's MR and the rapid development of AI technology, which will drive the VR/AR industry.

US Stock Strategy

1. Goldman Sachs is bullish on the US dollar: there is still room for growth

2. Amazon's far-term call transactions surged, Zoom and Pfizer's options transactions quadrupled.

3. Target price of $187! Apple MR is expected to debut this year with high growth in service revenue.

4. Tesla, which suddenly raised prices at the beginning of the month, may reduce prices again this summer?!

5. Goldman Sachs: Xiaopeng and NIO have the opportunity to "reverse adversity"! BYD may still have expected differences.

6. Record high! The dividends of large listed companies worldwide in the first quarter exceeded 300 billion US dollars, a year-on-year increase of 12%.

7. Down more than 40% in four months! Will Pinduoduo's first-quarter performance be surprising?