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In pre-market trading on Monday, the futures of the three major US stock indexes rose slightly.
Most growth tech stocks are slightly up in pre-market trading, $NVIDIA (NVDA.US)$and$Meta Platforms (META.US)$Please use your Futubull account to access the feature.$Advanced Micro Devices (AMD.US)$Please use your Futubull account to access the feature.$Alphabet-A (GOOGL.US)$ rose more than 1%, $Taiwan Semiconductor (TSM.US)$ dropping more than 2%.
Most popular China concept stocks are up in pre-market trading, $Bilibili (BILI.US)$ Up more than 4%. $XPeng (XPEV.US)$Please use your Futubull account to access the feature.$New Oriental (EDU.US)$ Rises more than 3%.
Indonesia bans the sale of iPhone 16, stating that apple has not fulfilled investment commitments.
The Indonesian government recently announced a ban on the sale of the iPhone 16 in the country, stating $Apple (AAPL.US)$ The company failed to fulfill its investment commitments in Indonesia. The Indonesian Ministry of Industry earlier stated that Apple promised to invest 1.7 trillion Indonesian Rupiah (approximately 0.109 billion USD) in Indonesian infrastructure and local procurement, but the actual amount realized was only 1.48 trillion Indonesian Rupiah. As of the drafting of this article, Apple's pre-market trading is up 0.38%.
Philips drops more than 16% in pre-market trading, with Q3 revenue below expectations, leading to a cut in annual sales guidance.
$Royal Philips (PHG.US)$ In pre-market trading, Royal Philips announced its third-quarter performance, with sales of 4.377 billion euros, a 10.05% year-on-year decline, lower than analysts' expectations of 4.538 billion euros; due to the decrease in demand in the Chinese market, the company lowered its annual sales guidance, expecting comparable sales to increase by 0.5 to 1.5%, below the previous forecast of 3 to 5%; the adjusted EBITA profit margin is approximately 11.5%, at the upper end of the previous expected range; free cash flow is about 0.9 billion euros.
mcdonald's excluding beef patties as the source of E. coli outbreak.
mcdonald's (MCD.US) It is reported that all restaurants this week will reintroduce Quarter Pounders hamburgers. The company had previously excluded the possibility that beef patties were the source of the E. coli outbreak in multiple states in the United States. This outbreak has already led to dozens of illnesses and one fatality. The fast-food chain stated that it will combine supply chain tracking data with information from government agencies, including an analysis from the Colorado Department of Agriculture. The analysis indicated that dozens of samples taken from multiple batches of fresh and frozen beef patties at the restaurant did not show any signs of E. coli. As of the time of publication, McDonald's rose by 1% in pre-market trading.
Boeing has initiated a $19 billion stock issuance plan to meet liquidity needs and prevent credit rating downgrade.
$Boeing (BA.US)$ The company has launched a nearly $19 billion stock issuance plan, one of the largest in history, to address liquidity needs and avoid a credit rating downgrade to junk status. According to a Monday announcement, Boeing will issue 90 million common shares, along with around $5 billion worth of depositary shares, confirming an earlier report by Bloomberg. Based on the closing price of $155.01 per share last Friday, the total size of the common stock portion alone is close to $14 billion.
Volkswagen plans to close three German factories to reduce costs.
$VOLKSWAGEN A G (VWAGY.US)$ Plans to close at least three factories in Germany and may implement a 10% across-the-board pay cut, as well as scale down all remaining factories to reduce costs and enhance competitiveness. Daniela Cavalo, head of the Volkswagen workers' union, revealed in Wolfsburg that these measures will lead to significant cuts in product lines, output, shifts, and assembly lines, far beyond current levels. CEO Oliver Blume mentioned that due to high costs, weakening market demand, and intensified competition in the Chinese market, the Volkswagen brand is facing challenges.
Bitcoin returned above $68,000, and crypto concept stocks rose in pre-market trading.
Bitcoin today returned above $68,000 per coin, with related concept stocks in the US rising collectively in pre-market trading.$MicroStrategy (MSTR.US)$,$Coinbase (COIN.US)$Rising over 3%,$CleanSpark (CLSK.US)$Rising over 4%,$MARA Holdings (MARA.US)$Rising by 2.81%. On the news front, documents disclosed by the Securities and Exchange Commission (SEC) in the United States show that Microsoft is considering entering the field of Bitcoin. Microsoft plans to vote on the proposal to invest in Bitcoin at the annual meeting in December, and shareholders including Vanguard, Blackrock, and State Street will be eligible to vote on Microsoft's proposal in December.
Global macro
This week, PCE and non-farm join forces for a "huge scene", with major technology giants' financial reports being released in concentration.
U.S. stocks are approaching historical highs, entering one of the busiest weeks of the year. This week, the latest data on the inflation indicator PCE favored by the Federal Reserve, the October non-farm employment report, and technology giants $Alphabet-A (GOOGL.US)$Please use your Futubull account to access the feature.$Apple (AAPL.US)$Please use your Futubull account to access the feature.$Amazon (AMZN.US)$Please use your Futubull account to access the feature.$Microsoft (MSFT.US)$ and $Meta Platforms (META.US)$The financial reports will determine the direction of the US stock market at the beginning of November. This week, data on US third-quarter economic growth, job vacancies, service and manufacturing activities, consumer confidence, among others, will also be released. In addition, a busy week for corporate earnings awaits, with 169 companies from the S&P 500 index expected to report quarterly performance.
Goldman Sachs: The sequence of policy changes after the US election is crucial for the market.
JP Morgan expects that in the scenario of Trump's victory, tariffs may be the first to be implemented due to the wide discretion of the US president in trade policy. Due to significant changes in fiscal policy requiring control of both houses of Congress, legislation is also very time-consuming and may be implemented last. If the US imposes all the tariffs currently under discussion, it may drag down actual GDP growth by 1.4% and push inflation up by 0.9%.
Two weeks after the frenzy buying, hedge funds have started shorting the US stocks again.
After buying US stocks for two consecutive weeks, the US stock market has reached a historical high, and smart money has begun to sell again. According to the latest weekly report from Goldman Sachs, hedge funds sold US stocks over the past week, dumping 25% of their recent long positions. The amount of short sell trades was more than twice the amount of buy trades. Macro products (a combination of indices and ETFs) accounted for almost all US net sales, with three out of the past four weeks showing net sales, and the short sell trade amount was more than three times the buy amount.
AI ignites growth engine! Morgan Stanley predicts: US stocks will continue to dominate the global market in the next decade.
On Monday, JPMorgan released the latest chart forecast, predicting that over the next decade, US stocks will continue to dominate the global equity market, with the main driving force behind this being artificial intelligence. They project that by 2037, the market cap share of US stock companies in the global stock market will decrease from the current 64% to 60%, but still significantly outperform other markets.
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)
22:30 USA Dallas Fed Business Activity Index, USA Dallas Fed Manufacturing Output Index, USA Dallas Fed New Orders Index
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