Pre-market trading in US stocks | Arm surges nearly 10%! United Auto Workers Union initiates strike, Citigroup sets Apple's target price at $240.

Top News in US Stocks

1. Qualcomm announced the release of the second-generation Snapdragon 7s chip, which adopts a 4nm process and an octa-core architecture. The Redmi Note13 Pro will be the first to debut with this chip.

2. Will "Tmall Genie" change its name? Insider: Yes, and millions of terminals will be upgraded to the "big model".

3. Apple's iPhone 15/Pro series phones will be available for pre-order today (September 15) at 8 pm.

4. TSMC: "100% Global Operations Using Renewable Energy" target advanced to 2040.

5. Market news: SoftBank gave up millions of dollars in profit to help Masayoshi Son "win" in the ARM listing.

6. According to foreign media citing five informed sources, Tesla has made a major technological breakthrough in integrated die casting, which is the core of Tesla's "unboxing process". With this breakthrough, Tesla can cast almost all complex chassis parts of electric vehicles into a whole, instead of casting only about 400 components. Moreover, Tesla can develop a car from scratch in 18-24 months.

7. According to The Wall Street Journal, the United Auto Workers (UAW) held targeted strikes at all three Detroit automakers for the first time in history. Shortly after midnight on Friday, about 12,700 workers staged strikes at factories in Michigan, Ohio, and Missouri.

8. Salesforce CEO: The company will hire 3,300 employees in sales, engineering, and data cloud departments under new investment.

Pre-market Movements

In pre-market trading, Dow Jones futures rose 0.23%, Nasdaq futures fell 0.12%, and S&P 500 futures edged up.

Arm rose more than 9%, surging 24% on its first day of listing.

Ford Motor Company fell over 2%, General Motors fell nearly 2% as labor negotiations broke down, and the United Auto Workers announced the start of a strike.

JD.com and Pinduoduo rose 0.5%, Xiaopeng Motors rose nearly 2%, and NIO rose over 3%.

Adobe fell over 2%, while Carvana rose over 1%.

Institutional Views

1. Nomura: Strong Cash Position of Chinese Internet Companies, Significant Profit Growth Expected in the Second Half of the Year

Nomura's report states that the profitability of the Chinese internet industry in the second quarter was strong. Nomura believes that although the outlook for the internet industry in the second half of this year is still affected by macro uncertainties, most companies continue to strictly control costs, so significant profit growth is possible. One potential factor is the potential heavy investment in AI.

2. Deutsche Bank: Soft Landing of the US Economy Could Boost the S&P 500 Index by 11% Deutsche Bank strategists pointed out that the soft landing of the US economy and the new economic growth cycle will lead to a 11% increase in the S&P 500 index to 5000 points by the end of the year, but the most likely scenario is that the stock index will remain basically flat. The basic scenario is still a mild and short-lived economic recession, which leads to rapid selling and rebound in the stock market, bringing the S&P 500 index close to its current level, with a year-end target of 4500 points.

1. Citi: Maintains "Buy" rating on Apple with a target price of $240

Citi released a report stating that Apple is maximizing the gross profit of each iPhone, with more being transferred to high-end models, as the cost of goods and other factors are at favorable levels, helping to offset the impact of only a slight increase in selling prices. In addition, it is also expected that the new model of Apple Watch will drive a representative upgrade cycle.

US Stock Market Strategy

1. Invested in 20 companies this year, Nvidia has "too much money to spend"

2. "Quadruple Witching Day" is here! $3.4 trillion options expiring, will the US stock market plummet tonight?

3. Technical Analysis | US stocks are deeply trapped in "range trading", but buying signals remain

4. Fear index nears year-to-date low, does the options market indicate a rise in US stocks?

5. IPO first-day surge, ARM sets a good start for tech stocks

6. After the surge in US stock AI concepts, it's time to change investment themes

7. US stock options | Tesla, Meta call options trading active, Netflix, Nikola options trading doubles

8. Next Week Preview | US Federal Reserve September interest rate decision, China announces September LPR, Instacart, the giant of grocery delivery, goes public