LB Select
2023.09.06 11:12
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Pre-market US stocks | Tesla does not seek expansion in the next 1-3 years, Roku announces 10% layoffs and restructuring; Huawei Mate 60 Pro sells well, bearish for Apple?

JD and NetEase fell nearly 1%, Beike rose over 5%, and Xiaopeng rose over 1%. Roku rose 9%, Apple and Amazon fell 0.7%, and Meta rose 0.8%.

US Stock Market News

  1. Lisa Su, Chairman and CEO of AMD, stated that in the month since the last earnings conference call, there has been a continuous increase in AI customer engagement, with many customers making customer commitments. Additionally, the Chinese market is expected to account for approximately 20%-25% of AMD's revenue.

  2. A source close to Xiaomi's automotive division revealed that Xiaomi's car is currently in the trial production stage, which has been ongoing for less than a month. Currently, Xiaomi produces approximately 50 prototype cars per week, with few workers during the night shift. (Jiemian)

  3. According to Tesla's official Weibo account, the Shanghai Gigafactory has produced its 2 millionth Tesla vehicle.

  4. NIO's legal department: A certain online account edited and produced a false video of a vehicle explosion. The public security authorities have made the decision to detain the person in control of the account.

  5. Li Zhenyu, CEO of Baidu Group: By 2025, Baidu aims to achieve large-scale operation of Level 4 autonomous driving.

  6. Indonesian Minister of Maritime Affairs and Investment, Panjaitan: Tesla does not plan to expand in the next 1-3 years. Tesla CEO Elon Musk plans to visit Indonesia in October for negotiations regarding Starlink.

  7. According to The Wall Street Journal, in the same month that Elon Musk acquired Twitter, he borrowed $1 billion from SpaceX, which he repaid shortly after.

  8. US utility giant Dominion Energy announced on September 5th that it has agreed to sell its natural gas distribution business to pipeline giant Enbridge for $14 billion, including $4.6 billion in debt.

  9. Insider: During last month's meeting, Amazon did not make any concessions to the Federal Trade Commission (FTC). The FTC plans to file an antitrust lawsuit against Amazon later this month.

  10. Tianfeng International Securities analyst Guo Mingchi updated the latest research and estimates: Demand for Mate 60 Pro has been strong since its launch on August 29th, and the shipment plan for the second half of 2023 has been increased by about 20% to 5.5-6 million units. Based on this market trend, the cumulative shipment volume of Mate 60 Pro is expected to reach at least 12 million units after 12 months of release.

Pre-market Movers

In pre-market trading, Dow Jones futures fell 0.2%, Nasdaq futures fell 0.3%, and S&P 500 futures fell 0.24%.

US Stock Market Strategy

  1. Google, Meta, Amazon! Why are their valuations still low? Why is it a good time to buy?

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  3. Technical Analysis | The Rise of US Tech Stocks is Not Over Yet

  4. Will Tesla Stock Price Drop? Analysts: Sales and Profit Margins Will Both Decline

  5. Recession Fading Away, US Stocks "Rest Easy"? Wall Street Bears Issue Warnings: Don't Celebrate Too Early!

  6. Analysis Report | NIO, Ctrip, Xiaopeng Motors! Target Prices Significantly Raised! How Much More Can They Rise?