Hot news
On Thursday, the usa stock market saw the three major futures indexes rise slightly.
Pre-market trading shows divergent trends among growth tech stocks.
Cryptos concept stocks collectively rose in pre-market trading, with microstrategy and mara rising over 11%.
Nvidia fell over 1% in pre-market trading! The earnings guidance is difficult to meet wall street's extremely high expectations.
$NVIDIA (NVDA.US)$ Falling over 1% in pre-market trading, news reports indicate that nvidia's third-quarter revenue grew 94% year-on-year to 35.082 billion dollars, slowing down from 122% growth in the previous quarter, with analysts' average expectation being 33.21 billion dollars; adjusted eps increased by 103% year-on-year to 0.81 dollars, also slowing down from 152% growth in the previous quarter, with analysts' average expectation being 0.74 dollars. Additionally, nvidia announced its fourth-quarter revenue guidance of 36.75 billion to 38.25 billion dollars, with the midpoint of the range being higher than the analysts' average expectation of 37.1 billion dollars but lower than the buyers' expectation of 38.8 billion dollars. Jensen Huang stated that all efforts will be made to produce the Blackwell chip, and the delivery volume this season will exceed our previous expectations.
Earnings exceeded expectations, snowflake surged over 23% in pre-market trading.
Cloud Data Platform $Snowflake (SNOW.US)$ Pre-market trading surged 23%. The company's revenue for the third quarter of the 2025 fiscal year was $0.942 billion, a year-on-year increase of 28.3%, exceeding market expectations of $0.898 billion. Under non-GAAP, the eps was $0.20, higher than the market expectation of $0.15. Snowflake expects product revenue to be between $0.906 billion and $0.911 billion for the fiscal quarter ending in January, well above the expected $0.8907 billion.
PDD Holdings fell over 9% in pre-market trading, with Q3 revenue missing expectations.
$PDD Holdings (PDD.US)$ Pre-market trading plunged over 9%. Previously, the company released its third quarter financial report, showing revenue of 99.35 billion yuan (RMB, the same below), a year-on-year increase of 44%, while estimated at 102.83 billion yuan. The third quarter NON-GAAP net income was 27.46 billion yuan, a year-on-year increase of 61%; the adjusted eps for the third quarter was 18.59 yuan per ADS, estimated at 20.19 yuan.
Microstrategy holds positions in bitcoin currently floating profit exceeds 16 billion US dollars.
With bitcoin breaking through $98,000 to reach a new historical high, based on the current price of bitcoin at $98,318.7, $MicroStrategy (MSTR.US)$ The unrealized gains from holding bitcoin exceed 16 billion USD. According to previous reports, as of November 17, 2024, microstrategy holds a total of 331,200 bitcoins, with a total purchase cost of approximately 16.5 billion USD, averaging about 49,874 USD. As of the time of writing, microstrategy's pre-market trading has increased over 11%.
Another company has made a fortune from holding bitcoin! Semler Scientific's pre-market trading has increased over 24%.
Starting from October, $Semler Scientific (SMLR.US)$ has begun purchasing bitcoin using the cash on its balance sheet, linking its stock price to this currently popular crypto asset. On Tuesday, the company once again announced that between November 6 and November 15, it purchased 215 bitcoins, with a total expenditure of 17.7 million cash, averaging 82,502 USD per bitcoin. The announcement indicated that the company currently holds 1,273 bitcoins, with a total expenditure of 88.7 million, and an average purchase price of 69,682 USD per bitcoin, while the current bitcoin price has already exceeded 98,000 USD. As of the writing, Semler Scientific's pre-market trading has increased over 24%.
Alibaba integrates domestic and overseas e-commerce, establishing an e-commerce business group.
$Alibaba (BABA.US)$ Group CEO Wu Yongming released an email to all staff announcing the establishment of the Alibaba e-commerce business group, appointing Jiang Fan as the head, who will report to Wu Yongming. The new e-commerce business group will fully integrate Taobao, Tmall Group, international digital business group, as well as e-commerce businesses such as 1688 and Xianyu, forming a business cluster that covers the entire industry chain both domestically and internationally. The establishment of the new e-commerce business group represents Wu Yongming's new thoughts and actions on how to effectively harness both domestic and international resources for development synergy in the e-commerce field as Alibaba's CEO looking toward the future.
Bitcoin boosts MicroStrategy's surge! Implied volatility level rises to the highest point this year.
$MicroStrategy (MSTR.US)$Yesterday it soared over 10%, with implied volatility level reaching the highest point this year, and options volume continued to grow by 41.7% compared to the previous trading day, reaching 1.01 million contracts, with call options being aggressively bought, accounting for 62.8%; the highest volume was for the call option expiring on Friday with a strike price of 530 dollars, reaching 0.034 million contracts, followed by the call option expiring on Friday with a strike price of 500 dollars.
Inquire into yesterday's large options trades and found that a big player spent 0.12 billion dollars to buy a combination order, including call options expiring on November 29 and November 22 with strike prices of 610 and 530 dollars, which totaled over 45 million dollars in main buys, as well as call options expiring on November 29 and November 22 with strike prices of 760 and 430 dollars, which totaled over 75 million dollars in main sells.
Global macro
Wells Fargo & Co calls for 2025: Trump's policies and strong economy may push s&p 500 above 6600 points.
Wells Fargo & Co believes that the USA economy may be stronger in 2025, combined with policy changes during Trump's second term, will support the s&p 500 index, continuing to be bullish on the market performance in 2025. The bank expects the s&p 500 index to reach a target range of 6500-6700 points by the end of 2025, an upward adjustment compared to the previous forecast of 6200-6400 points.
The FOMC's voting members this year warned: The usa is now very susceptible to inflation shocks!
Richmond Fed President Barkin pointed out that despite the monthly data released by government agencies indicating that progress on anti-inflation has stalled, he expects inflation in the usa, the world's largest economy, to continue to decline. Barkin stated that he does not want to "pre-judge the situation in December," but added that the upcoming interest rate decision will depend on the data.
The cryptocurrency world is in a frenzy! Bitcoin is just one step away from 0.1 million dollars.
Bitcoin's price is at a record high of $0.1 million, as the market optimistically believes that the election of President Trump, who supports cryptos, signifies a prosperous market for cryptos in the usa, which will shift toward friendly regulation of the crypto space instead of the previous harsh crackdowns. Trump's transition team has already begun discussions about the possibility of establishing a position in the White House specifically responsible for digital asset policy. This would be the first such position in the usa and would have direct contact with the incoming president.
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 usa Initial Jobless Claims for the week ending November 16.
21:30 USA November Philadelphia Federal Reserve Manufacturing Index
21:45 2024 FOMC voting member, Cleveland Federal Reserve President Harker will give a welcome speech at the 2024 Financial Stability Conference.
23:00 USA October Existing Home Sales Annualized Total
Next day
01:25 2025 FOMC voting member, Chicago Federal Reserve President Goolsbee will participate in a Q&A session at a conference.
01:30 2024 FOMC voting member, Cleveland Federal Reserve President Harker will deliver a speech at the 2024 Financial Stability Conference.
05:40 Federal Reserve Governor Barr will participate in a forum event.
Editor/Somer
