Hot news
On Monday pre-market trading, the three major US stock index futures showed mixed results.
Most china concept stocks rose in pre-market trading, with miniso soaring 16%.
Tesla rose 1.8% in pre-market trading, starting to roll out the latest version of FSD, version 13.2.
$Tesla (TSLA.US)$ Pre-market rose 1.8% to $351.4. On Saturday (November 30), local time, Tesla finally released its latest version of the 'full self-driving' software, FSD V13.2. Although it nearly missed the previously promised Thanksgiving deadline, it was delivered before the end of November, marking another major victory for Tesla's ai team.
With positive earnings news continuing to brew, miniso rose another 16% in pre-market trading, after rising 20% over the previous four days.
Hong Kong's miniso surged over 18% today, driving. $MINISO (MNSO.US)$ U.S. pre-market trading continues to rise over 16%. In terms of news, Miniso announced its performance for the three months and nine months ending on September 30, 2024. For the nine months ending on September 30, 2024, the group achieved revenue of 12.281 billion yuan (CNY), a year-on-year increase of 22.8%; gross profit of 5.42 billion yuan, a year-on-year increase of 34.1%; profit for the period of 1.826 billion yuan, a year-on-year increase of 11.6%; basic earnings per share of 1.46 yuan.
Xpeng Motors rose over 4% in pre-market trading, with November deliveries breaking 30,000 units for the first time.
$XPeng (XPEV.US)$ In pre-market trading, it rose over 4% to $12.58. In terms of news, Xpeng Motors announced that it delivered a total of 30,895 new cars in November 2024, a year-on-year increase of 54% and a quarter-on-quarter increase of 29%. The monthly delivery volume exceeded 30,000 units for the first time, setting a historical high for monthly deliveries for three consecutive months. Among them, the Xpeng MONA M03 delivered over 10,000 units in three months since its launch; the Xpeng P7+ delivered over 7,000 units in 23 days since its release.
The CEO suddenly resigned, and Stellantis fell over 7% in pre-market trading.
The fourth largest automotive group in the world. $Stellantis NV (STLA.US)$ Pre-market trading has fallen over 7%. On the news front, the company recently announced that the board of directors accepted Carlos Tavares' sudden request to resign from his position as CEO, with immediate effect. The company stated that the process of appointing a new CEO is proceeding smoothly and is expected to be completed in the first half of 2025. During this period, the group will establish a new interim executive committee chaired by Chairman Elkann.
The drone small cap stock UMAC has risen over 21% in pre-market trading, as Donald Trump's eldest son joins the company's advisory board.
Drone small cap stocks, 'donald trump concept stocks'. $Unusual Machines (UMAC.US)$ In pre-market trading, there was a surge of over 21%. The company's stock price rose nearly 90% last Friday, skyrocketing over 9 times in November. On the news front, the company announced that bestselling author and investor Donald Trump Jr. has joined the company's advisory board. He is the eldest son of the elected president, Donald Trump.
Global macro
The market will focus on the non-farm payroll data and Powell's speech this week.
Looking ahead to this week, usa November.non-farm payroll dataIt will be announced on Friday evening Beijing time. The market expects the new employment population to be 0.195 million, while the previous value was only 0.012 million; the unemployment rate is expected to be 4.2%, compared to the previous value of 4.1%. Analysts point out that if the non-farm employment data exceeds market expectations, it could shake investors' confidence in the market trend in December, leading to some selling pressure. Notably, before the release of the non-farm employment report, Federal Reserve Chairman Powell will deliver a speech at midnight Beijing time on Thursday. The market will closely watch whether Powell will release any policy signals to digest the potential impact of the non-farm data in advance.
The record rise in US stocks lays the groundwork for gains in December, with market sentiment being optimistic.
According to Sam Stovall of CFRA, December is the most stable month for the s&p 500 index, with the highest frequency of gains; it also has the lowest volatility, nearly 40% below the average of other months since World War II. What sets this year apart is that the election has increased bullish sentiment. Institutional analysts have also found that a strong performance year-to-date often increases the likelihood of investors chasing the market until the end of the year. Looking ahead, the possibility of a 'Christmas rally' (when the stock market rises during the last five trading days of the year and the first two trading days of the new year) may further boost the return on investment.
Bank of America 2025 investment strategy: betting on small cap stocks, bonds, international stocks, and gold while being wary of the tail risks of the ai bubble.
Bank of America analyst Michael Hartnett advises investors planning to take a contrarian approach in 2025 to adopt a bold strategy by focusing on investing in bonds, international stocks, and gold. The bank states that due to significant rises in the dollar and the stock market, the first quarter of 2025 will present a long-term 'American prosperity' and a short-term 'global recession'. Against this backdrop, Bank of America recommends going long on 'American prosperity' in Q1, particularly in small cap stocks; in Q2, buying non-US stocks with a bet on a shift to easing in Europe/Asia; inflation may rise above expectations, being bullish on csi commodity equity index, while a US bond yield of 5% presents a huge opportunity, going long on cryptos and china concept stocks (undervalued/technology related) to hedge against the ai bubble.
'Are good things coming for the crypto circle? Coinbase executive: After Trump takes office, cryptocurrency legislation will be rapidly approved.'
Coinbase policy head Faryar Shirzad anticipates that friendly cryptocurrency legislation may be 'quite quickly' approved in the USA after Donald Trump becomes president. Shirzad expressed optimism about the passage of this legislation, though it may not happen this year. Nevertheless, he expects significant progress in 'market structure legislation and stablecoin legislation' in 2025, with hopes for approval.
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 November S&P 500 index Manufacturing PMI final value.
23:00 USA November ISM Manufacturing PMI.
Next day 04:15 Federal Reserve Governor Waller delivers a speech.
Next day 05:30 FOMC permanent voter, New York Fed President Williams attends a dialogue organized by the Queens Chamber of Commerce.
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