Hot news

• On Friday, the US stocks, the three major futures indexes showed different trends.

• Growth tech stocks fell broadly in pre-market trading.

• Most cryptocurrencies concept stocks retraced before the market opens, MSTR rose nearly 6% against the market.

• Musk: The Optimus robot can be priced at 0.02-0.03 million US dollars, but the annual production volume must exceed 1 million.

$Tesla (TSLA.US)$ CEO马斯克在社交媒体X上介绍了其Optimus机器人和Robotaxi智驾出租车的定价愿景，其声称目前特斯拉正努力以低价向消费者提供相应产品。马斯克声称，Optimus将以0.02 million至0.03 million美元的价格提供，而Robotaxi的售价也约为0.03 million美元，这两款产品有望于2年内正式向消费者推出，但也有可能根据具体情况跳票到2027年乃至2030年。此外，马斯克称为了让产品价格与销量达到平衡，Optimus机器人和Robotaxi智驾出租车需要超过1 million/年产量，从而保证用户的可负担性与投资者的回报。

• Wall Street is raising the target price for nvidia: The Blackwell craze is about to arrive!

$NVIDIA (NVDA.US)$ 业绩发布后，华尔街上的20多家投资公司和机构纷纷上调目标价格，因为分析师们预计，随着英伟达下一代Blackwell芯片的发布，销售热潮即将到来。摩根大通将英伟达的目标股价从155美元上调至170美元，强调该公司已经围绕其业务建立了一条巨大的竞争护城河。高盛预计英伟达明年的营收将超过200 billion美元，因此将其目标股价从150美元上调至165美元。截至发稿，英伟达盘前小幅下滑。

• Reddit盘前跌近7%，遭腾讯减持

据华尔街日报，腾讯披露该公司出售了社交媒体 $Reddit (RDDT.US)$ 股票。腾讯在盘后报告称，周二以平均每股133.76美元的价格出售约0.655 million股Reddit股票，在11月14日至11月18日期间以每股约129.38美元的价格出售约0.8825 million股，本月早些时候以平均每股132.19美元的价格出售近1.5 million股。总计近0.4 billion美元的抛售使腾讯对Reddit的持股减少约28%。腾讯仍持有超过7.75 million股Reddit股票。截至发稿，Reddit盘前跌近7%。

• Gap Inc surged over 15% in pre-market trading, with third-quarter performance exceeding expectations, leading to an upward revision of full-year performance guidance.

$Gap Inc (GAP.US)$ Surging over 15% pre-market, financial reports show third-quarter net sales of $3.82 billion, exceeding analysts' expectations of $3.81 billion; third-quarter EPS was $0.72, surpassing analysts' expectation of $0.58. Gap raised its full-year expectations for net sales, gross margin, and revenue growth. It is currently expected that net sales will increase by 1.5% to 2%, a 220 basis point increase in gross margin, and an operating margin at a medium to high level of 60%.

• AI search company Elastic surged 26% in pre-market trading, demonstrating strong profitability and an upward revision of performance guidance.

AI search company surged over 26% in pre-market trading $Elastic (ESTC.US)$ Surging over 26% pre-market, the company announced second-quarter revenue of $0.365 billion, an 18% year-on-year growth; cloud revenue was $0.169 billion, up 25% year-on-year. The third-quarter total revenue is expected to be between $0.367 billion and $0.369 billion, representing a 12% year-on-year growth when calculated at the midpoint.

• Google's monopoly position is severely hit, with the Department of Justice proposing to split Chrome and Android.

The US Department of Justice has taken action! Following the antitrust trial victory, the government proposes to force $Alphabet-C (GOOG.US)$ the sale of Chrome browser and weaken its control over the search in the Android system. As of the time of writing, Google's pre-market trading continues to drop by nearly 1%.

• Making strides in the AI field! Apple is reportedly planning a major overhaul of Siri, set to be officially released in 2026.

$Apple (AAPL.US)$ Reportedly developing a new version of Siri that utilizes more advanced large-scale language models, aiming to catch up with voice services like ChatGPT; the new Siri will allow back-and-forth conversations, handle complex requests, control third-party applications, and utilize Apple's smart features. Insiders reveal that Apple is currently planning to introduce the new Siri to consumers as early as spring 2026, which is approximately a year and a half away.

• Ehang Intelligent announces a $30 million share buyback plan.

$EHang (EH.US)$ The board of directors announced the approval of a $30 million share buyback plan. Under this 12-month plan, the company can repurchase its American Depositary Shares (ADS) or ordinary shares, with the funding for the buyback expected to come from existing cash balance and cash generated by operations. Data shows that as of November 21, 2024, the $30 million share buyback represents approximately 3.1% of the company's $0.967 billion market cap. As of the time of writing, the company's pre-market trading is up over 1%.

• Under attack by short sellers! MSTR's implied volatility soared to 211%, hitting a new high for the year.

$MicroStrategy (MSTR.US)$Overnight drop of more than 16%, total options trading volume was 1.21 million contracts, breaking one million contracts for two consecutive days, with implied volatility soaring to 211%, a new high for the year. Trading in put options was active, accounting for 46%; the highest trading volume for expiry put options with a strike price of $400 was 0.04 million contracts, followed by expiry call options with a strike price of $500, with a volume of 0.028 million contracts.

An investigation of large options trades yesterday found that a big player spent over $0.35 billion to buy a bullish options contract order, namely a block order selling over $85 million, a put option expiring on February 21 next year with a strike price of $315, and a block order buying over $0.26 billion, a call option expiring on February 21 next year with a strike price of $315.

Global macro

• "Roaring 20s" Redux? Ubs group: s&p 500 may rise to 7000 points next year!

Since the election of trump, the overall stock market in the usa has been jubilant, and the s&p 500 index has once surpassed the important level of 6000 points. Overall, wall street is very bullish on the trend of usa stocks in the coming year, with several investment banks raising their target points for the s&p 500 index. Ubs group predicts that the s&p 500 index may rise to 7000 points next year in the most optimistic scenario, and believes that the prosperous period characterized by strong economic growth and market returns may continue until 2025.

• Breaking news! Is the "shadow chairman of the Federal Reserve" coming soon?

On Friday, according to sources familiar with the matter, us president-elect trump is considering appointing Kevin Warsh as treasury secretary. In addition, after Powell's term as chairman of the federal reserve ends in 2026, Warsh may be nominated as chairman of the federal reserve. Analysts believe that trump's idea of influencing the federal reserve's decisions by setting up a 'shadow chairman' may not work, and even if he can influence monetary policy, trump cannot escape the subsequent problem of soaring inflation through stimulus policies.

• Goldman Sachs 2025 outlook for commodity market: being long gold is the 'Top Trade', and oil & gas prices may have a 'temporary upward trend'

Goldman sachs expects the gold price to rise to $3000 per ounce at the end of 2025, driven by central bank gold reserve demand, fed rate cuts, and market safe-haven demand. The price of brent oil faces pressures from OPEC+ production increases and trump's tariff policies, and is expected to remain in the range of $70-85 per barrel in 2025, but may drop to $61 per barrel by the end of 2026.

• Cryptos billionaires warn: bitcoin may pull back 20% after breaking through $0.1 million.

American billionaire and prominent crypto investor Michael Novogratz believes that bitcoin will inevitably break through the $0.1 million mark, but may then fall back by as much as 20%.

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)

22:45 USA S&P Global Manufacturing PMI preliminary value for November.

22:45 USA S&P Global Services PMI preliminary value for November.

23:00 USA University of Michigan Consumer Confidence Index final value for November.

23:00 USA One-year inflation rate expectations final value for November.

Next day

At 07:15, Federal Reserve Governor Bowman delivered a speech on artificial intelligence.

Editor/Somer