Hot news
In pre-market trading on Monday, the three major stock index futures in the US showed mixed movements.
Apple fell more than 2% before the market opened, with analysts saying that the pre-order sales of the iPhone 16 series in the first weekend decreased by about 12.7% compared to the iPhone 15 series last year.
$Apple (AAPL.US)$ In pre-market trading, it fell more than 2% to $217.2. On the news front, Tianfeng International analyst Guo Mingji said that the pre-order sales of the iPhone 16 series in the first weekend are estimated to be about 37 million units, a year-on-year decrease of about 12.7% compared to the first weekend sales of the iPhone 15 series last year. The key factor is that the iPhone 16 Pro series is lower than expected. Guo Mingji pointed out that the shipment time of the iPhone 16 Pro series is significantly lower than that of the 15 Pro series. In addition to the increased stocking volume before pre-orders, the key factor for the year-on-year decrease in first weekend sales is the demand being lower than expected.
Trump Media & Technology Group rose nearly 2% before the market opened, with Trump suspected to have suffered another 'assassination attempt'.
$Trump Media & Technology (DJT.US)$ It rose nearly 2% before the market opened, after briefly rising more than 8%. On the news front, according to multiple foreign media reports, on the 15th local time, a shooting incident occurred near former US President Trump's golf club in Palm Beach, Florida. Trump's campaign team issued a statement after the incident, saying that Trump is currently safe, and the specific details of the case are still under investigation.
Ahead of the Intel stock market, it rose more than 1%, and it is reported that it received a $3.5 billion subsidy from the US military to produce chips.
$Intel (INTC.US)$ Before the market, it rose more than 1%, and previously it had soared more than 6%. According to media reports, Intel has reached a binding agreement with US officials, officially qualifying for up to $3.5 billion in federal funding to produce semiconductors for the Pentagon. The project is called Secure Enclave and produces advanced chips for the military and intelligence departments. It is reported that the project will involve multiple states in the United States, including Intel's manufacturing facility in Arizona.
Tesla's big announcement! The 0.1 billionth 4680 battery is now available.
$Tesla (TSLA.US)$ The 4680 battery has reached another milestone. On September 15th, Tesla announced that the 0.1 billionth 4680 battery was officially offline. Tesla CEO Musk also congratulated his battery team. Just three months ago (June 6), Tesla announced the production of the 50 millionth 4680 battery, which can be said to have doubled its production in just over three months. It is reported that Tesla has achieved large-scale production of the 4680 battery at its Texas Gigafactory and plans to further expand production capacity by investing in expansion at its Nevada factory for the production of the Semi electric truck and 4680 batteries, with a planned battery capacity of 100 GWh.
Union strikes may turn into a prolonged battle, further exacerbating boeing's financial difficulties.
$Boeing (BA.US)$ Union leader Jon Holden said on Saturday that the strike "could last for a while" because workers believe they can achieve higher wage increases and better retirement benefits. More than 300,000 members of the International Association of Machinists and Aerospace Workers (IAM) began striking last Friday after rejecting a new contract by an overwhelming majority vote. IAM produces Boeing's best-selling 737 MAX and other jet aircraft in Seattle and Portland.
NIO Inc announced on September 15th that it is adjusting its battery swap service fee charging model from a fixed price to a per-kilowatt-hour model. The cost of a single battery swap is the electricity cost plus the service fee per kilowatt-hour multiplied by the amount of electricity obtained. When the amount of electricity obtained does not reach the minimum threshold (20 kWh), the corresponding service fee will be charged based on the minimum threshold, while the electricity cost will be calculated based on the actual amount of electricity obtained. This adjustment will take effect on September 24, 2024 at 00:00. Under the new plan, unlimited battery swap users will not be affected and can still use their free battery swap benefits to settle orders. Additionally, the charging model will also be applicable to LeCar's future battery swaps.
$NIO Inc (NIO.US)$ Adjustments have been announced to the battery exchange service fee charging mode, from a "fixed price" mode to a "charge per degree" mode, with the cost of each battery exchange calculated by multiplying the electricity fee and the service fee per degree by the amount of electricity exchanged. When the amount of electricity exchanged does not reach the set minimum exchange amount (20 degrees), the corresponding service fee will be charged based on the minimum exchange amount, while the electricity fee will be calculated based on the actual amount of electricity exchanged. The above adjustments will take effect from 00:00 on September 24, 2024. According to the new plan, unlimited battery exchange users will not be affected and can still settle orders using free battery exchange rights.
Wade Bush: Tech stocks will rise by the end of this year and in 2025.
Analyst Wade Bush predicts that with approximately $1 trillion in artificial intelligence capital expenditure driving unprecedented growth in the tech supply chain, tech stocks will rise by the end of this year and in 2025. Analysts estimate that for every $1 spent on GPU chips, the entire tech industry generates a multiplier effect of $8 to $10. Although Nvidia and$NVIDIA (NVDA.US)$GPUs$Microsoft (MSFT.US)$Is the core driving force of ai, including$Palantir (PLTR.US)$,$Salesforce (CRM.US)$and$Dell Technologies (DELL.US)$Please use your Futubull account to access the feature.$IBM Corp (IBM.US)$Please use your Futubull account to access the feature.$Apple (AAPL.US)$ and $Advanced Micro Devices (AMD.US)$ Many other technology companies, including , have now joined the ranks of AI.
Global macro
After two reports shook the market last week, another senior central bank reporter spoke out: the interest rate should be cut by 50 basis points!
After the release of the August US CPI data, there is a greater possibility in the market of a 25-basis-point interest rate cut. However, articles from the Wall Street Journal and the Financial Times have led to a reevaluation of the magnitude of the interest rate cut, with the probability of a 50-basis-point cut increasing. Last week, Nick Timiraos of the New Federal Reserve Communication Agency published an article stating that a 25-basis-point or 50-basis-point interest rate cut is a "close call." Colby Smith of the Financial Times also published a similar article. On the 15th, Greg Ip, a senior central bank reporter for the Wall Street Journal, analyzed the current economic situation and believed that the need for further interest rate cuts by the Federal Reserve is increasingly apparent, calling for a 50-basis-point cut.
US stocks weather the "summer storm," but this time it relied entirely on the "S&P 493".
As the "stock market sell-off of the summer" gradually subsides, US stocks have recovered most of their losses. However, this time it was the other 493 constituent stocks of the S&P 500 index, excluding the "magnificent 7" technology giants, that successfully drove the S&P 500 index's recovery. Over the past two years, companies like Nvidia and Microsoft have been the main driving force behind the stock market's rise, benefiting from strong profit growth and the appeal of artificial intelligence. However, as concerns about slowing economic growth and the Federal Reserve's upcoming interest rate cuts grow, investors are turning to industries such as real estate, utilities, and essential consumer goods.
The yen staged a big comeback! The USD/JPY exchange rate has rebounded from its July low, breaking through the key level of 140 for the first time in a year.
On Monday, the yen briefly appreciated by 0.6% to 139.96 yen per dollar, the highest level since July 2023. The yen is the best-performing currency among the G10 nations this quarter, as investors expect the interest rate gap between the United States and Japan to narrow further, causing the yen to rise by 15%. The Fed seems almost certain to lower borrowing costs on Wednesday, with the only question being by how much. Meanwhile, the Bank of Japan is expected to stand pat on Friday after two rate hikes earlier this year. Reduced liquidity during the holiday period has led traders to bet that the U.S. will cut rates by a larger margin than usual, causing Bloomberg's U.S. Dollar Index to fall to its lowest level since January.
Trump suspected of "attempted assassination," suspect arrested.
According to CCTV, a shooting incident occurred near former US President Trump's golf club in West Palm Beach, Florida on the 15th local time. Trump's presidential campaign team issued a statement after the incident stating that Trump's personal safety is fine. According to informed sources in law enforcement, while Trump was playing golf that day, an armed man appeared near the golf course, and Secret Service agents fired at the armed suspect for protective purposes. The suspect fled in a car and was later arrested.
HKEX: The adverse weather trading will be implemented from September 23, 2024.
HKEX announcement, in accordance with the consultation summary released on June 18, 2024, and the notices dated July 15 and August 2, the exchange has obtained regulatory approval to implement adverse weather trading. Adverse weather trading will take effect from September 23, 2024. On adverse weather trading days, securities trading will continue as usual, and all exchange participants are required to continue providing trading-related services in adverse weather conditions. The exchange strongly recommends participants to use remote working modes and online services.
More potential than gold! Goldman Sachs: Silver will start a "catch-up trade".
As global markets heat up expectations for a 50-basis-point interest rate cut by the Federal Reserve, the precious metals market has seen a new wave of investment, with gold being the most eye-catching, with gold prices repeatedly hitting new highs and even being projected to target $3,000 this year. At the same time, silver is also preparing for a breakthrough. Goldman Sachs pointed out in its latest report that silver is expected to start a "catch-up trade." This week, with a significant increase in market interest in precious metals and mining ETFs, Goldman Sachs believes that the rise in silver is one of the best trades in the current market.
Bilibili rose more than 3% pre-market trading and was upgraded to "buy" by UBS, which raised its EPS estimate per share.
Reminder for US Macro Events
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20:30 US September New York Fed Manufacturing Index
23:30 US 3-month Treasury bill auction results as of September 16 - Awarded interest rate
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