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美股前瞻 | 三大期指小幅走高，热门中概股盘前大幅回调，拼多多跌超8%；市场重新聚焦美国CPI，大摩：美国9月核心CPI料温和上升

USA Stock Market Preview: The three major index futures are slightly higher, with china concept stocks dropping sharply before the market opens, pdd holdings plunging over 8%; Market refocuses on USA CPI, Morgan Stanley: USA core CPI expected to rise mode

Futu News ·  20:20

Hot news

  • Pre-market trading in US stocks on Tuesday, with slight gains in three major equity index futures.

Many popular tech stocks are up in pre-market trading,$NVIDIA (NVDA.US)$up nearly 2%, $Tesla (TSLA.US)$ Rose more than 1%.

while popular China concept stocks are significantly retracing in pre-market trading, $Li Auto (LI.US)$ Down 10%, $PDD Holdings (PDD.US)$Dropped over 8%, $JD.com (JD.US)$N/A.$Baidu (BIDU.US)$Dropped over 7%, $Alibaba (BABA.US)$ Dropped nearly 6%.

Overseas listed China ETF retracement,$Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$Pre-market plunge of over 25%,$Direxion Daily FTSE China Bear 3X Shares ETF (YANG.US)$Pre-market surged over 32%.

  • Super Micro Computer continued to rise over 4% in pre-market trading, with the company stating delivery of over 0.1 million GPU chips each quarter.

Yesterday's almost 16% surge in $Super Micro Computer (SMCI.US)$ Pre-market trading continues to rise by over 4%. In terms of news, the company issued a statement on Monday, stating that due to strong demand for the construction of large AI factories, the quarterly delivery of graphic processing units (GPUs) with liquid cooling product (DLC) functionality exceeds 0.1 million units. As one of NVIDIA's key allies, Super Micro Computer announced that its new liquid cooling solution will help AI manufacturers to be more efficient and energy-saving.

  • Tesla will release its third-quarter financial report after the US market closes on October 23.

$Tesla (TSLA.US)$ The company will release its third-quarter 2024 report on October 23 (October 24 Beijing time). After the financial report is released, the company will hold an earnings conference at 4:30 p.m. Eastern Time on the 23rd (4:30 a.m. on the 31st Beijing time).

  • Piper Sandler is bullish on internet stocks' Q3 performance, including Google, Pinterest, and others.

Piper Sandler released its forecasts for internet stocks in preparation for the third-quarter earnings season. The research firm expressed the most optimism towards growth tech. $Alphabet-A (GOOGL.US)$Please use your Futubull account to access the feature.$Pinterest (PINS.US)$and $Reddit (RDDT.US)$ While bullish on stocks, caution is taken towards A. In addition, Google is their top pick, with an expected third-quarter revenue of $86.5 billion and an operating profit of $26.5 billion. $Amazon (AMZN.US)$ and $Snap Inc (SNAP.US)$ While bullish on stocks, caution is taken towards A. In addition, Google is their top pick, with an expected third-quarter revenue of $86.5 billion and an operating profit of $26.5 billion.

  • Apple cancels the development of asia vets ring: concerned about impacting Apple Watch sales.

According to media reports, well-known whistleblower Mark Gurman revealed, $Apple (AAPL.US)$ has abandoned the plan to develop a smart ring, and this is a decision made after years of internal exploration and discussion at Apple Inc.

  • Amazon AWS has reached a strategic cooperation agreement with Oracle, and will launch new features for data centers.

$Amazon (AMZN.US)$ Its AWS announced a strategic collaboration with $Oracle (ORCL.US)$ Oracle Database@Amazon Web Services, providing enterprise users with integrated simplified database management, billing, and customer support services. The new feature is expected to be released for preview later this year and expand to more markets starting in 2025 to meet enterprise needs.

  • Buffett continues to sell off Bank of America stocks, with total cashing out exceeding $10 billion.

According to a document submitted to regulatory authorities on Monday, in the 14th round of sales, $Berkshire Hathaway-A (BRK.A.US)$ by shareholding $Bank of America (BAC.US)$ shares, earning total profits exceeding $10 billion. The company's record shows that Buffett's selling tendency slows down when the stock price falls to $39.

  • China concept auto stocks dropped across the board in pre-market trading, with 'Weixiaoli' plummeting.

$XPeng (XPEV.US)$Please use your Futubull account to access the feature.$Li Auto (LI.US)$ All pre-market trading fell by more than 9%. $NIO Inc (NIO.US)$ All pre-market trading fell by more than 7%, just as the EU voted to approve the proposed final ruling on anti-subsidy case against electric cars. The Ministry of Commerce stated its firm opposition to the EU's additional anti-subsidy duties on Chinese electric vehicles. China urges the EU to truly demonstrate concrete actions to implement the political will and return to the correct track of resolving trade disputes through negotiation. China will also take all measures to firmly defend the interests of Chinese companies.

  • New Oriental fell over 6% in pre-market trading, as Macquarie lowered the H-share target price and adjusted net profit forecasts.

Macquarie issued a report, lowering its forecast for $New Oriental (EDU.US)$ FY2025 to FY2027 non-GAAP net income forecast by 11.6% to 13.3%, based on reduced revenue and non-GAAP operating profit forecasts for the company. The bank expects the non-core K9 business to remain strong, while growth in overseas exam prep business in the first quarter of FY2025 may slow down.

  • Fangdd Network fell nearly 13% before the market, with a cumulative retracement of over 50% in the previous 3 days.

Mainland real estate stocks in Hong Kong plummeted again today, affecting China concept stocks. $Fangdd Network (DUO.US)$ Pre-market trading in the US continued to decline, now down nearly 13%. The stock had previously soared continuously, with a cumulative retracement of over 50% in the past 3 days. The company is a leading internet technology company in China's residential service sector, operating China's largest online real estate trading platform empowered by SaaS.

  • PepsiCo's Q3 net revenue was below expectations, with a 5.24% year-on-year decline in earnings attributable to shareholders.

$PepsiCo (PEP.US)$ The company's net revenue in the third quarter was $23.32 billion, a decrease of 0.57% year-on-year, compared to the market estimate of $23.8 billion. The third quarter earnings attributable to shareholders were $2.93 billion, a 5.24% year-on-year decline. Core earnings per share were $2.31, with the market expecting $2.3. The company expects low single-digit growth in organic revenue for the full year, previously forecasted at around 4%, still projecting core earnings per share of at least $8.15 for the full year, up 7% from $7.62 in the same period last year.

  • Goldmining continued to rise by over 5% before the market, with a cumulative surge of nearly 130% in the past 6 days.

USA$Golden Minerals (AUMN.US)$ $U.S. Goldmining (USGO.US)$ Pre-market continued to rise by over 5%, with the stock soaring nearly 130% in the past six days. In terms of news, the company previously announced the latest Mineral Resource Estimate (MRE) update for its Whistler copper-gold project in Alaska.

Global macro

  • Overseas listed china etf continues to attract funds.

ETF tracking website 'ETF.com' data shows that last week (September 30 - October 4), among the top ten ETFs with the most funds inflow in the US stock market, three are China funds, and one is a broad emerging market ETF with a significant weight of Chinese stocks.$iShares China Large-Cap ETF (FXI.US)$Last week, the net inflow of funds exceeded $2.6 billion, ranking 3rd in the net inflow of funds in all market ETFs; the 4th place is$KraneShares CSI China Internet ETF (KWEB.US)$funds with a net inflow exceeding $1.3 billion; $Direxion Daily FTSE China Bull 3X Shares ETF (YINN.US)$ There was an inflow of 819 million US dollars; additionally,$iShares Core MSCI Emerging Markets ETF (IEMG.US)$ received a net inflow of 662 million US dollars.

  • Market focus shifts back to U.S. CPI, Goldman Sachs: U.S. core CPI expected to rise moderately in September

For months, non-farm payroll has been the most closely watched economic data for global investors, as the strength of non-farm data is crucial for the pace and rhythm of Fed rate cuts. However, this week investors are turning their attention back to U.S. CPI data reports, which will determine whether the Fed will continue cutting rates this year. September's CPI statistics will be released late Thursday night Beijing time. Goldman Sachs believes that there are nuances in the outlook for the U.S. September CPI report, with expectations of a moderate increase in core CPI, while trends in goods and services inflation remain mixed.

  • The US earnings season opens this week with a significant drop in profit expectations.

As the earnings season officially kicks off this week, major US stock companies' earnings reports will be released one after another. According to data compiled by Bloomberg, Wall Street is currently expecting$S&P 500 Index (.SPX.US)$The constituent companies are expected to see a 4.7% year-on-year increase in quarterly earnings in the third quarter. This growth rate, significantly reduced from the expected 7.9% on July 12th, marks the lowest since four quarters. According to FactSet data, the market expects the S&P 500 index to show a 4.6% year-on-year growth in earnings in the third quarter. Since June 30th, profit forecasts for US corporate earnings in the third quarter have been revised down by 3.8 percentage points, with profit forecasts for eight industries lowered, with the energy industry facing the largest decline.

  • The voices advocating for more foreign investment are constant! The "emerging markets godfather": China's stock market rally will continue.

"The godfather of emerging markets" and legendary American investor Mark Mobius stated on Monday that if China continues to introduce measures supporting the market, the upward trend in the Chinese stock market may continue. Despite his positive outlook on the Chinese stock market, Mobius stated that he is not in a rush to increase positions when the A-share market reopens after the National Day holiday. He said, 'We are waiting for the market to stabilize, so reopening is not the time to increase positions.'

  • Two Federal Reserve officials speak out in unison: support further interest rate cuts.

Federal Reserve Governor Lael Brainard said on Tuesday that she strongly supports the recent rate cuts by the Fed, and if inflation continues to slow as she expects, she will support further rate cuts. Meanwhile, John Williams, President of the New York Fed and a permanent voting member of the FOMC, stated on Tuesday that after the 50 basis point rate cut in September, it would be appropriate for the Fed to cut rates 'over time' again.

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

(All in Peking Time)

The next day, EIA will publish the monthly Short-Term Energy Outlook report at 00:00.

At 00:45 the next day, 2024 FOMC voter and President of the Atlanta Fed, Bostic, will speak on the economic outlook.

At 04:00 the next day, 2025 FOMC voter and President of the Boston Fed, Collins, will speak at the Community Banking Conference.

Editor/Emily

The translation is provided by third-party software.


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