Hot news
On Thursday, the three major equity index futures in pre-market trading showed mixed results, with the Dow futures narrowing their gains, while the Nasdaq and s&p 500 futures turned negative.
In the week ending November 9, the initial jobless claims in the USA were 0.217 million, expected to be 0.223 million, with the previous value at 0.221 million. In October, the USA PPI increased by 2.4% year-on-year, expected to increase by 2.3%, with the previous value increasing by 1.8%.
Tonight, at 4:00 AM Beijing time, Federal Reserve Chairman Powell has been invited to participate in a dialogue titled "Global Perspectives".
Growth tech stocks rose broadly in pre-market trading, with disney up nearly 9% and asml holding up over 3%.
Cryptos concept stocks rose broadly in pre-market trading, with BTCS up over 30%, Coinbase up over 4%, and microstrategy up over 3%.
Asml holding rose nearly 4% in pre-market trading, reiterating the 2030 sales guidance of 44 billion to 60 billion euros.
$ASML Holding (ASML.US)$The usa stock market rose nearly 4% in pre-market trading. In terms of news, asml holding reiterated a bullish long-term revenue outlook, betting on an ai-driven semiconductor demand boom. According to a statement released on Thursday, the company expects sales in 2030 to be between 44 billion to 60 billion euros, consistent with previous forecasts; the gross margin will be between 56% to 60%. The asml chief financial officer stated, "We have confirmed our capital allocation strategy and expect to continue returning substantial cash to shareholders through increased dividends and share buybacks."
Taiwan Semiconductor increased by over 1% in pre-market trading, with institutions expecting the utilization rates for 3 and 5 nanometers to remain at full capacity in the first half of next year.
$Taiwan Semiconductor (TSM.US)$US stocks rose nearly 1% in pre-market trading. According to news, institutions estimate that due to the competition for flagship mobile opportunities driven by Qualcomm and MediaTek, Taiwan Semiconductor is not worried about Apple's plan to reduce the wafer volume for the iPhone in the first quarter of next year, and the utilization rates for 3 and 5 nanometers will remain at full capacity in the first half of next year. Additionally, with the support of AI chips, the 5-nanometer utilization rate will exceed 100% in the first half of next year.
Disney rose nearly 10% in pre-market trading, with fourth quarter earnings surpassing expectations.
$Disney (DIS.US)$Pre-market trading rose nearly 10%, with Disney's fourth quarter revenue at 22.57 billion dollars, estimated at 22.47 billion dollars. The adjusted earnings per share for the fourth quarter were 1.14 dollars, estimated at 1.10 dollars.
Cisco fell nearly 3% in pre-market trading, with first quarter revenue from the networking business down 23% year-on-year, which was worse than expected.
$Cisco (CSCO.US)$In pre-market trading, it fell nearly 3%. Regarding the news, cisco announced its Q1 fiscal 2025 performance, with revenue of 13.84 billion USD, a year-on-year decline of about 6%, while analysts expected 13.77 billion USD; the adjusted eps was 0.91 USD, a year-on-year decline of 18%, with analysts expecting 0.87 USD. During this period, network business revenue decreased by 23% year-on-year to 6.75 billion USD, lower than the analysts' expectation of 6.8 billion USD, with a decline that eased from last quarter's 28%.
A 0.1 billion USD share buyback plan + response to the short report! Zeta surged over 10% in pre-market trading.
On Tuesday, the short-selling institution Culper Research released a short-selling report, claiming that Zeta has formed a "bidirectional" contractual relationship with a third party, simultaneously acting as both the supplier and purchaser of consumer data. In response to the misleading and false accusations in the short report published by Culper Research, Zeta strongly refuted their claims yesterday. Additionally, the company issued a 0.1 billion USD share buyback plan. As of publication, $Zeta Global (ZETA.US)$Rose more than 10%.
NetEase rose nearly 5% in pre-market trading, with Q3 game net revenue of 20.2 billion yuan, a quarter-on-quarter increase of 5%.
$NetEase (NTES.US)$It rose nearly 5% in pre-market trading. The company's Q3 net income was 26.2 billion yuan, a year-on-year decline of 3.9%, estimated at 26.59 billion yuan; net income attributable to shareholders under non-GAAP was 7.5 billion yuan. Net revenue from games and related value-added services was 20.9 billion yuan, a quarter-on-quarter growth of 4%, of which game net income was 20.2 billion yuan, a quarter-on-quarter growth of 5%, with PC game revenue increasing by 29% year-on-year and 30% quarter-on-quarter.
bilibili dropped over 4% in pre-market trading, Q3 revenue was 7.31 billion yuan, a year-on-year increase of 26%, announcing a 0.2 billion USD share buyback plan.
$Bilibili (BILI.US)$In pre-market trading, it fell over 4%, Q3 revenue was 7.31 billion yuan, a year-on-year increase of 26%; NON-GAAP net loss was 0.24 billion yuan. Mobile game revenue was 1.823 billion yuan, an increase of 84% year-on-year. Advertising revenue was 2.094 billion yuan, an increase of 28%. Gross profit was 2.547 billion yuan, an increase of 76%. The gross margin reached 34.9%, up from 25.0% in the same period last year. Daily active users (DAUs) reached 0.1073 billion, compared to 0.1028 billion in the same period last year.
Cryptos concept stocks strengthened again in pre-market trading! MSTR volatility has been rising for several consecutive days.
Cryptos concept stocks cooled overnight but strengthened again in pre-market trading. Among them,$MicroStrategy (MSTR.US)$After a nearly 8% drop overnight, it rose nearly 4% in pre-market trading, and current options trading volume increased by more than 0.2 million contracts to 0.76 million contracts, with call options rising to 71%; implied volatility has increased for three consecutive days and is currently at the 90th percentile for the year.
By checking the large options volume, it was discovered that a large investor was using option combinations to bet on volatility. When the stock price was $327.67, they simultaneously bought and sold call options with different expiration dates and strike prices, involving nearly $0.3 billion.
In addition to this, $MARA Holdings (MARA.US)$、$Coinbase (COIN.US)$Implied volatility has generally decreased, and the call options have slightly dropped to 65% and 74% respectively.
Global macro
Federal Reserve Governor Kuggler: It is necessary to simultaneously focus on both inflation and employment targets.
Federal Reserve Governor Krogler stated that policymakers must focus on the Federal Reserve's inflation and employment targets, noting that the labor market is cooling and progress on the Fed's 2% inflation goal is slow. Krogler said in a prepared speech on Thursday, "The anti-inflation trend continues to slow, and the cooling labor market means we need to continue to focus on two aspects of the task."
She stated, "If any risks hinder progress or accelerate inflation again, pausing our policy rate cuts would be appropriate. But if the labor market suddenly slows, it would be appropriate to continue gradually lowering policy rates." Krogler noted that a slowdown in wages and stable inflation expectations may further slow price growth, but persistent inflation in housing and other categories may hinder further progress.
Uncertainties regarding interest rate cuts intensify, and Federal Reserve officials urge cautious action.
Several Federal Reserve officials reiterated on Wednesday that they feel uncertain about how far the Federal Reserve needs to cut interest rates, highlighting the difficulties policymakers face in trying to determine the appropriate environment for sustaining stable economic growth. Kansas City Fed President Schmidt stated, "While now is the time to start easing monetary policy restrictions, how much lower interest rates will go or where they might eventually settle remains to be seen."
Risk ignored by US stocks? JPMorgan Asset Management: Trump's tariff plan may trigger stagflation issues.
JPMorgan's chief global market strategist stated that Trump's aggressive tariff plan could slow global economic growth and put upward pressure on inflation in the USA, highlighting risks that have been largely obscured during the stock market rebound following the U.S. election.
IEA warns: the global oil market will face a surplus of over one million barrels next year.
The International Energy Agency (IEA) stated that due to the energy transition, China's oil demand continues to remain sluggish, and the global oil market will face a surplus of over 1 million barrels per day next year, thereby cushioning the impact of turmoil in the Middle East and other regions on oil prices. In a monthly report released on Thursday, the IEA indicated that as of September, China's oil consumption has shrunk for six consecutive months, with this year's growth rate only at 10% of that in 2023. The agency noted that if OPEC+ decides to continue pursuing its production recovery plan at next month's meeting, the global supply surplus will become more severe.
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)
21:30 The number of initial jobless claims in the USA for the week ending November 9 (10,000), USA October PPI year-on-year (%)
The next morning
00:00 USA EIA crude oil inventory change for the week ending November 8 (10,000 barrels)
04:00 Federal Reserve Chairman Powell delivers a speech.
05:15 FOMC permanent voting member and President of the New York Fed, Williams, delivers a speech.
Editor/ping
