Pre-market US stocks | XPeng rises 5%, strategic cooperation with Didi, Apple's iPhone 15 series to have a stockpile of 85.5 million units by the end of the year.

Top News in US Stocks

1. Xiaopeng Motors and Didi announce strategic partnership. As the core of this collaboration, a level A intelligent electric vehicle with the codename "MONA" will be introduced to the market as Xiaopeng Motors' new brand. Mass production is expected to begin in 2024, under the project codename "MONA".

3. Xiaopeng Motors announces conditional agreement to acquire Didi's intelligent vehicle development assets for a maximum consideration of HKD 5.835 billion. The target business includes research and development, design, and engineering development of new intelligent electric vehicles.

Pre-market Movement

In pre-market trading, Dow Jones futures, Nasdaq futures, and S&P 500 futures all rose by around 0.2%.

Xiaopeng Motors rose by 5%, while Tesla, NIO, Alibaba, JD.com, Beike, Baidu, and NetEase all rose by over 1%. Pinduoduo increased by 1.6%, and NIO rose by 2%.

3M surged over 5%. According to reports, the company has preliminarily agreed to pay over $5.5 billion to settle allegations of selling defective earplugs to the US military.

1. Multiple heavyweight events approaching, September rebound in US stocks faces a test

US stock market investors are preparing for potential volatility in September, as the market faces key economic data reports, the Federal Reserve's interest rate decision meeting, and concerns about a possible government shutdown. CFRA data shows that September has been the worst-performing month for the S&P 500 index, with an average decline of 0.7% since 1945. Jack Janasiewicz, a portfolio manager at Natixis Investment Solutions, stated that the first key economic data will be released this Friday. If the August non-farm payroll data exceeds expectations, it may reignite concerns about inflation. Conversely, if the employment data falls far below expectations, it may raise concerns about the impact of the Fed's rate hikes on the economy.

US Stock Options | Trading volume of Nvidia and Boeing options doubles, Affirm options surge fivefold

1. Earnings Preview | Pinduoduo's e-commerce expected to show steady growth, short-term impact on profits due to Temu

2. In a world with a real interest rate of 2%, is a P/E ratio of 19 reasonable? This is the "high dividend problem" of US stocks

3. Is Nvidia too expensive? No! Valuation is lower than in January this year

4. Technical Analysis | Is the valuation of US stocks too high, but the downside is limited? Southbound funds may start bottom-fishing in Hong Kong stocks!

5. Analysis Report | Meituan, Baidu, NetEase! Target prices have all been raised! Leapmotor faces significant price cuts