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LB Select
2023.06.01 11:06
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Pre-market US stocks | LI AUTO-W's monthly revenue exceeded 10 billion yuan for the first time, NIO-SW's deliveries have declined for three consecutive months, TSMC will produce NVIDIA's next-generation chips.

Lucid fell 10.8%, Salesforce fell 5.6%, JD.com rose nearly 2%, BILIBILI-W rose 1.5%, BIDU-SW rose over 1%, NIO-SW fell over 2%. Tesla fell 0.8%, Meta Platforms rose 0.7%, Alphabet-C rose 0.5%.

US Stock News

  1. Huang Renxun, CEO of NVIDIA, said that TSMC will produce its next-generation chips, and NVIDIA will place some orders with TSMC's factory in Arizona. TSMC has "huge production capacity" and "incredible agility."

  2. Li Auto delivered 28,300 vehicles in May, compared with 11,500 in the same period last year.

  3. Li Xiang: In May, Li Auto's revenue (including value-added tax) exceeded RMB 10 billion, which is the first time in the company's history to achieve monthly revenue of over RMB 1 billion.

  4. On June 1st, XPENG-W announced on its official Weibo account that the pre-sale of Xiaopeng G6 will start on June 9th.

  5. At 7 pm on May 31st, Apple's official Tmall flagship store officially went live, which is also the first live broadcast of the Apple brand globally. According to third-party sources, the estimated sales volume of this live broadcast is expected to exceed RMB 100 million. (Interface)

  6. According to foreign media reports, Huang Renxun, CEO of NVIDIA, will visit China in June and meet with executives from TENCENT, ByteDance, and other companies. It is reported that Huang Renxun's itinerary in China also includes Li Auto, BYD, and Xiaomi. Insiders said that Huang Renxun has not yet finalized his plans, and the details of the itinerary may still change. (Pengpai)

  7. Market news: The debt ceiling agreement has been passed by the US House of Representatives and will be submitted to the Senate.

  8. "Fed Whisperer" Nick Timiraos wrote that Fed officials hinted that they are increasingly likely to maintain interest rates at the June meeting and then prepare to raise them again later this summer.

  9. CrowdStrike's first-quarter revenue was $692.6 million, higher than analysts' expectations of $676.9 million. The expected full-year revenue is $3.0 billion to $3.04 billion, and the company originally expected $2.96 billion to $3.01 billion.

  10. Salesforce's first-quarter revenue was $8.25 billion, higher than analysts' expectations of $8.18 billion. The adjusted earnings per share for the first quarter were $1.69, and the adjusted operating profit margin for the first quarter was 27.6%.

  11. XPENG-W: In May, a total of 7,506 new cars were delivered, a month-on-month increase of 6%.

  12. NIO delivered 6,155 vehicles in May, a month-on-month decrease of 7.6%.

  13. According to Shanghai's announcement, Chen Jinin, the Secretary of the Shanghai Municipal Party Committee, met with a delegation led by Elon Musk, CEO of Tesla, today (June 1).

  14. BILIBILI-W's first-quarter revenue was RMB 5.1 billion, market expectations were RMB 5.159 billion, and the revenue in the same period last year was RMB 5.054 billion. The adjusted net loss was RMB 1 billion, a 38% decrease from the same period last year.

Pre-market Movement

In pre-market trading, Dow Jones futures, Nasdaq futures, and S&P 500 futures all rose slightly.

Lucid Group fell 10.8%, planning to raise $3 billion through private placement, with Saudi sovereign wealth fund as the main participant.

Salesforce fell 5.6%, with Q1 revenue for fiscal year 2024 increasing by 11% YoY to $8.25 billion, the slowest growth rate in 13 years.

JD.com rose nearly 2%, BILIBILI-W rose 1.5%, Baidu rose over 1%, and NIO fell over 2%.

Tesla fell 0.8%, Meta rose 0.7%, and Google rose 0.5%.

Institutional Views

What is the future trend of technology stocks? Citigroup and Barclays strategists hold opposite views

Chris Montagu, a strategist at Citigroup, said that the 31% increase in technology stocks this year has a risk of gradually fading. The long positions of Nasdaq 100 index futures are at a three-year high, and the profit level has also increased. Currently, the position level of technology stocks is largely inclined to take profits, which may bring pressure to the continued rise of technology stocks. However, Barclays strategist Emmanuel Cau believes that with investors' concerns about missing investment opportunities, technology stocks still have room for further growth. Cau maintains a buy recommendation for the technology sector and said that although technology stocks have risen sharply, the overall stock market exposure is "at most neutral."

US Stock Strategies

  1. Beware! Why Hong Kong and US stock investors must pay attention to the US debt ceiling crisis?

  2. Surfing the Big Model: Alibaba, Tencent's AI Ambitions

  3. US Stock Options | Amazon's forward put trading is active, Intel and Sofi options trading surged four times

  4. Now Nvidia is comparable to Tesla's peak market value: it's out of control!

  5. Technical Analysis | Tesla returns above $200, should profits be taken?

  6. Why is there still room for short-term growth in US stocks?

  7. Are the valuations of technology giants too high? It is still worth betting in the long run!

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