Hot news
In pre-market trading on Friday, the three major equity index futures in the usa fell broadly.
"Terrifying data" shows that usa's retail sales data for October increased by 0.4% month-on-month, with an expected growth of 0.3%, and the previous value revised from a growth of 0.4% to 0.8%.
Growth tech stocks fell in pre-market trading,$NVIDIA (NVDA.US)$Fell by 0.56%, $Alibaba (BABA.US)$Contrarily increased by more than 3%.
Bitcoin once again stands above the 0.09 million dollar mark! Cryptos concept stocks are generally rising in pre-market trading.$MicroStrategy (MSTR.US)$、$Bitfarms (BITF.US)$、$Bit Digital (BTBT.US)$Up over 4%.
China concept stocks are generally rising in pre-market trading.$Alibaba (BABA.US)$、$JD.com (JD.US)$rose by more than 3%,$PDD Holdings (PDD.US)$、$Full Truck Alliance (YMM.US)$Rises more than 2%.
Domino's pizza rose nearly 6% in pre-market trading, with Buffett acquiring 1.28 million shares in the third quarter.
$Domino's Pizza (DPZ.US)$The stock rose nearly 6% in pre-market trading. In terms of news, "stock god" Buffett's Berkshire Hathaway built a new position in domino's pizza in the third quarter. As of September 30, Berkshire held 1.28 million shares of domino's pizza stock, worth approximately 0.549 billion dollars.
Pool equipment stocks.$Pool Corp (POOL.US)$The stock rose nearly 6% in pre-market trading, with Berkshire increasing its shareholding in the company by about 0.4 million shares in the third quarter.
Alibaba rose over 3% in pre-market trading, with revenue in the second fiscal quarter increasing by 5% year-on-year.
$Alibaba (BABA.US)$In pre-market trading, the stock rose over 3%. Alibaba's revenue for the second fiscal quarter is 236.503 billion yuan, a year-on-year increase of 5%, estimated at 239.43 billion yuan, and 224.79 billion yuan for the same period last year; adjusted EBITDA is 47.33 billion yuan, estimated at 46.89 billion yuan; adjusted EPS is 15.06 yuan, estimated at 14.93 yuan; adjusted net income is 36.52 billion yuan, estimated at 35.62 billion yuan; other income is 52.18 billion yuan, estimated at 48.01 billion yuan.
JD.com rose over 3% in pre-market trading, with stable performance in the third quarter and a target price raised by Bank of America.
$JD.com (JD.US)$The stock rose over 3% in pre-market trading. According to reports, Bank of America published research reports stating that it raised the target price for JD.com's H-share from 173 Hong Kong dollars to 188 Hong Kong dollars, reaffirming a ‘buy’ rating. JD.com's net income for the third quarter increased by 5.1% year-on-year, in line with market expectations. Among them, JD Retail’s revenue increased by 6.1% year-on-year, a significant acceleration compared to the 1.5% growth in the second quarter, primarily due to the recovery of the self-operated platform (1P) in electronic and appliance categories, driven by the subsidy program for ‘trade-in’ since September.
Netease rose over 2% in pre-market trading, receiving a target price increase from ubs group after earnings, with an optimistic outlook for the gaming business's recovery.
$NetEase (NTES.US)$The stock rose over 2% in pre-market trading. According to reports, ubs group maintained a ‘buy’ rating on Netease, raising the H-share target price to 198 Hong Kong dollars, noting that third-quarter profits exceeded expectations, with core gaming revenue surpassing forecasts, reassuring investors. The third quarter's performance alleviated market concerns regarding the company’s gaming growth momentum and sales channels for next year, with expectations that Netease’s gaming growth will return to double-digit year-on-year growth next year.
Tyson vs. "internet celebrity boxer" Paul is drawing everyone's attention! Netflix will take on the "huge traffic."
Former heavyweight boxing champion Mike Tyson is set to face off against social media influencer turned boxer Jake Paul in a highly anticipated boxing match on Friday.$Netflix (NFLX.US)$This is part of a series of marketing moves by the streaming giant, which will livestream the heavyweight boxing match and continue to profit from the booming trend of sports event streaming.
The Biden administration is promoting semiconductor localization, with taiwan semiconductor receiving $6.6 billion in funding from the CHIPS Act.
The Biden administration has made significant progress in plans to bring semiconductor production back to the USA, with the U.S. Department of Commerce announcing that$Taiwan Semiconductor (TSM.US)$it will receive $6.6 billion in funding under the CHIPS Act, which is the first legally binding award under the legislation. Additionally, taiwan semiconductor is also eligible for loans of up to $5 billion, of which at least $1 billion will be disbursed this year.
There are reports that the U.S. Federal Trade Commission plans to investigate anti-competitive behavior in microsoft's cloud computing business.
According to informed sources, the Federal Trade Commission in the USA is preparing to investigate $Microsoft (MSFT.US)$anti-competitive behavior in the cloud computing business. Sources say that the agency is investigating allegations that the software giant may be abusing its market power in the productivity software sector by implementing punitive licensing terms to prevent customers from transferring their data from Azure cloud computing service to other competing platforms.
RLX Technology surged over 7% in pre-market trading, with a quarter-on-quarter net income growth of 22.9%.
$RLX Technology (RLX.US)$Surging over 7% in pre-market trading. According to the news, RLX Technology today announced its third quarter unaudited financial report, achieving revenue of 0.76 billion yuan, a quarter-on-quarter increase of 20.6% and a year-on-year increase of 51.6%. Under non-GAAP, the adjusted net income for the third quarter was 0.26 billion yuan, a quarter-on-quarter increase of 22.9% and a year-on-year increase of 30.0%.
Applied Materials fell over 8% in pre-market trading, with first quarter revenue guidance below expectations.
$Applied Materials (AMAT.US)$Falling over 8% in pre-market trading. In news, applied materials announced its fourth quarter performance, with revenue increasing 5% year-on-year to 7.05 billion USD, exceeding analysts' expectations of 6.95 billion USD; adjusted eps was 2.32 USD, surpassing analysts' expectations of 2.19 USD. However, applied materials' first quarter revenue guidance fell short of Wall Street's expectations, indicating weak demand for chip manufacturing equipment. The company expects first quarter revenue to be between 6.75 billion and 7.55 billion USD.
$Ulta Beauty (ULTA.US)$Falling nearly 5% in pre-market trading, news indicates that Berkshire almost liquidated all of its shares in the company in the third quarter.
Electric vehicle companies are about to face a 'storm'? Options l bets still bet on Tesla's rise.
$Tesla (TSLA.US)$Falling nearly 6% overnight, options volume increased to 3 million contracts, with the bullish ratio slightly dropping to 56.2%. The options chain is tightly contested, with the highest volume being a put option expiring Friday with a 300 USD strike price, with a volume of nearly 0.13 million contracts and an open interest of 0.027 million contracts, and the premium for this put option has more than doubled; the second highest volume is a call option expiring on the same day with a 330 USD strike price.
An inquiry into yesterday's large options trades revealed that a significant investor bought 5,000 contracts of an in-the-money call expiring on February 21 next year, with a strike price of $290, spending nearly 30 million dollars; the simulated returns show this trade currently has an unrealized loss of 9.76%.
On Thursday, local time, media reports indicated that the transition team of President-elect Trump plans to eliminate the $7,500 tax credit available to consumers purchasing electric vehicles. This subsidy is one of the core measures of the Biden administration's Inflation Reduction Act (IRA). Tesla supports this move, as it would result in greater losses for its competitors.
Affected by the above news, electric vehicle concept stocks plummeted overnight, with Nikola dropping 22.76%, Workhorse down 14.49%, and 'Tesla's rival' Rivian falling 14.3%.
Global macro
Powell takes a hawkish stance! Two-year U.S. Treasury yields rise, traders cut December rate cut bets.
Following hawkish comments from Federal Reserve Chairman Powell, yields on U.S. Treasuries sensitive to policy rose. Data shows that the two-year Treasury yield increased by 8 basis points to 4.36%. Meanwhile, traders have lowered expectations for a rate cut in December, with swap trading reflecting the likelihood of a rate cut at the Fed's December meeting dropping to below 60%, down from about 80% a day earlier.
Zachary Griffiths, head of U.S. investment-grade and macro strategy at CreditSights, stated, "The risks reflected in the current market regarding the Fed's policy path are two-sided. Powell's remarks lean more hawkish as he takes a risk management approach to future policy."
Economists warn of a weakening of three major "bull market drivers," indicating that the U.S. stock market frenzy may be nearing its end.
David Rosenberg, an economist from the USA, warned clients in a report on Wednesday that the main factors driving the significant rise of the US stock market over the past 30 years are approaching extremes, indicating that future return rates will decline substantially, and one should prepare for limited rises in the US stock market for the foreseeable future. Rosenberg particularly highlighted recent trends in valuations, interest rates, and taxes. According to Rosenberg, these factors have reached their limits, which could put downward pressure on corporate profits, thereby affecting stock prices.
Is a guaranteed 4.5% so appealing? The usa money market fund assets have now exceeded 7 trillion dollars.
Many on Wall Street believe this year should have been one when investors significantly withdrew from money market funds. However, data shows that despite facing interest rate cuts and a soaring stock market, companies and households have been continuously pouring cash into money funds, with US money market fund assets exceeding 7 trillion dollars for the first time in history this week.
Even now, as the benchmark interest rate has fallen to 4.5%, money market funds continue to provide a steady stream of nearly risk-free returns, supporting the financial status of many households and somewhat offsetting the damage caused by interest rate hikes in other areas of the economy.
Will "Trump 2.0" destroy the U.S. dollar hegemony? Nomura: The risk of rising U.S. Treasury yields is much greater than a significant depreciation of the dollar.
"Will Trump 2.0 destroy the dollar hegemony?" Nomura believes it is unlikely; rather, US debt may be "a bit dangerous." In a research report released on the 13th, Nomura stated that as the US external debt rises significantly, the safety of dollar assets is being questioned, and foreign investors may demand higher return rates, thus pushing up US interest rates.
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)
22:15 USA October industrial output month-on-month rate (%)
22:00 2025 FOMC voting member, Boston Federal Reserve President Collins delivers opening remarks at the bank's 68th economic conference
23:30 2025 FOMC voting member, Boston Federal Reserve President Collins is interviewed by Bloomberg Television
The next morning
02:00 USA total number of active drilling rigs nationwide as of the week ending November 15 (units)
02:15 FOMC permanent voting member Williams delivers opening remarks at an event
Editor/ping
