Hot news

• Nonfarm data is coming tonight, Goldman Sachs: this may determine whether there will be another rate cut in December.

Goldman Sachs believes that the November US non-farm payroll report will be the last important economic data of the year, and may determine whether the Fed will cut rates again when it meets on December 17-18. John Flood, head of Americas stocks sales and trading at Goldman Sachs Global Banking and Markets, said in a report on Tuesday: "I believe the sweet spot for the non-farm payroll will be between 0.15 million and -0.2 million jobs, the market is ready to rebound significantly from the poor performance in October, so those adverse factors like hurricanes and strikes are already in the past."

• There is a 70.1% probability of the Fed cutting interest rates by 25 basis points in December.

According to cme's "Fed Watch": the probability of the Federal Reserve maintaining the current interest rate until December is 29.9%, and the probability of a total reduction of 25 basis points is 70.1%. The probability of maintaining the current rate until January next year is 21.6%, the probability of a total reduction of 25 basis points is 58.9%, and the probability of a total reduction of 50 basis points is 19.5%.

• Another major bank bullish! Wells Fargo targets s&p 500 index to 7007 points.

Wells Fargo believes that favorable macroeconomic conditions and loose monetary policy will drive the outstanding performance of the US stock market in 2023 and 2024 to continue to rise sharply, and expects the S&P 500 index to reach 7,007 points by the end of next December. Based on the closing price of 6,075 points on Thursday, the increase will be 15%, and this target is based on a forward valuation of 22 times the estimated profit of the index in 2025.

• Correctly predicting that after bitcoin surged to $0.1 million this year, Standard Chartered analyst is singing a bullish tune again: aiming for the $0.2 million mark by the end of next year.

On December 5, Thursday, bitcoin's price broke through $0.1 million during trading for the first time in history. Last April, when the trading price of bitcoin was about $0.027 million, Geoffrey Kendrick, the head of emerging markets forex research and cryptocurrency research at Standard Chartered, accurately predicted that the price would reach $0.1 million by the end of this year. Now that bitcoin has surpassed the $0.1 million mark, Kendrick is even more bullish on the future market, expecting that under the backdrop of institutions potentially increasing their investment in bitcoin, the price will rise to about $0.2 million by the end of next year.

• OPEC+ has extended the three groups of production reduction measures, with an additional voluntary reduction of 2.2 million barrels per day delayed for three months.

OPEC+ has stopped its production increase plan for the third consecutive time, with member countries increasingly divided, casting a shadow over the oil market outlook. On Thursday, OPEC+ stated at the meeting that it has tentatively agreed to postpone the scheduled January production increase, gradually easing oil production cuts starting from April 2025 until September 2026. This is a full year later than the initial plan. According to Bloomberg, a representative at the meeting mentioned that the UAE will still be able to increase production starting in January, with a gradual increase of 0.3 million barrels per day each month from next year, regardless of whether the group's production limit measures are further postponed.

Gamestop's surge has dramatically narrowed, with the trading platform considering unplugging the internet of US retail investors.

• On the eve of the non-farm payrolls, the three major stock indexes collectively closed down, while Chinese concept stocks regained their upward momentum.

Last night and this morning, facing the pressure of the upcoming non-farm payrolls announcement on Friday, the US stock indexes, which had just recently hit new highs the previous trading day, lost momentum and closed slightly lower as a whole. As of Thursday's close, the S&P 500 index fell by 0.19%; the Nasdaq Composite Index fell by 0.18%; the Dow Jones Industrial Average fell by 0.55%.

Tech giants showed mixed performance, with Tesla up by 3.23%, Microsoft by 1.19%, Amazon by 1.1%, Apple by 0.01%, NVIDIA down by 0.06%, Meta down by 0.79%, Google C down by 1.01%, AMD down by 1.83%, and Intel continuing to decline by 5.28% after the impact of changing the CEO.

Chinese concept stocks regained their upward trend on Thursday, with the Nasdaq Golden Dragon Index up by 0.42%, rising for 5 out of the past 6 trading days. Alibaba was down by 0.92%, Bilibili was up by 0.47%, Pinduoduo was up by 0.29%, Baidu was up by 1.25%, JD.com up by 1.9%, JinkoSolar up by 3.75%, Miniso up by 4.06%, and the recently strong performer Kingsoft Cloud continued its significant rise by 9.31%.

• Tesla closed up more than 3%, hitting a new high since April 2022 during intraday trading, as Bank of America raised the target price to $400.

On Thursday,$Tesla (TSLA.US)$The stock price once broke through $373 during the intraday session, setting a new high since April 2022.

Renowned Bank of America analyst John Murphy visited Tesla's super factory in Austin, Texas, USA, expressing confidence in the growth prospects for 2025 and beyond. Murphy raised Tesla's target price to $400, up from $350 previously, maintaining a buy rating. The reason is that robotics technology will impact Tesla's upcoming self-driving Cybercab, expected to be launched next year.

• Soaring more than 8% after hours! Lululemon's Q3 performance exceeded expectations, raised guidance, and announced an additional $1 billion share repurchase plan.

Canadian sport brand$Lululemon Athletica (LULU.US)$Q3业绩显示，营收增9%至2.4 billion美元，超过分析师预期的2.36 billion美元。美洲地区持续疲软，收入仅增长2%，国际销售额增33%。净利润为0.35 billion美元，同比增长41%。业绩指引方面，2024年第四季度，公司预计净收入将在3.475 billion美元至3.51 billion美元之间。2024年12月3日，董事会批准将公司股票回购计划增加1 billion美元。

业绩发布后，Lululemon盘后飙升逾8%。

• 推出最新对话式语音产品！AI应用概念股SoundHound AI大涨31%

截至周四收盘，以AI语音交互服务见长的$SoundHound AI (SOUN.US)$收涨31.33%。公司CFO Nitesh Sharan在瑞银全球人工智能和技术大会上展示公司的最新对话式语音产品。同时披露与连锁餐饮店Torchy's Tacos达成合作协议，将在130个餐厅中部署AI智能点餐产品。公司表示，这种语音AI产品已经在超过0.01 million家餐厅中部署。

截至发稿，SoundHound AI盘后续涨3%。

• 台积电据称计划在美国生产Blackwell芯片

According to media reports citing sources,$Taiwan Semiconductor (TSM.US)$NVIDIA is currently in talks with NVIDIA and plans to produce Blackwell artificial intelligence (AI) chips at its new factory in Arizona, USA. TSMC's first factory in Arizona is scheduled to start production in the first half of 2025. However, due to the lack of CoWoS packaging technology in the US factory, the packaging of the Blackwell chip still needs to be sent back to a more advanced factory for processing.

• Nvidia strengthens its presence in Southeast Asia: the AI research and development center in Vietnam has been launched, and the state-owned enterprise Viettel has received technical support.

In order to enhance its strategic presence in Southeast Asia,$NVIDIA (NVDA.US)$CEO Jensen Huang announced the opening of an AI research and development center in Vietnam. On Thursday, at the signing ceremony held in Hanoi, Vietnam's Minister of Investment, Nguyen Chi Dung, stated that NVIDIA will establish an artificial intelligence research and development center in Vietnam in collaboration with the Vietnamese state-owned enterprise Viettel Group's data center, jointly driving the development of advanced AI technology in Vietnam. Vietnamese Prime Minister Pham Minh Chinh also attended the event.

• Intensifying competition! Reports indicate that amazon is persuading cloud customers to avoid nvidia and switch to its own chips.

According to The Information report,$Amazon (AMZN.US)$Gadi Hutt, the business development leader of Annapurna's chip division, stated that some tech companies including Apple, Databricks, Adobe, and Anthropic, who are looking for alternatives to Nvidia chips, have been testing Amazon's latest AI chips and have achieved encouraging results.

• Palantir and Shield AI join forces to develop an AI drone system.

Defense technology company$Palantir (PLTR.US)$and Shield AI have signed a new strategic partnership agreement, taking a step towards developing autonomously flying systems with AI-driven and operation controls. Under this agreement, the two defense contractors will share key components of their proprietary software, compete to provide modern warfighting capabilities, and take advantage of the enthusiasm of the incoming Trump administration for companies supported in Silicon Valley.

• CEOs of Pfizer and Eli Lilly were reportedly having dinner with Trump.

According to local media reports on Thursday, Trump hosted a dinner at Mar-a-Lago on Wednesday evening$Pfizer (PFE.US)$attended by CEO Albert Bourla,$Eli Lilly and Co (LLY.US)$CEO David Ricks, while Steve Ubl, CEO of the pharmaceutical industry lobbying group PhRMA (Pharmaceutical Research and Manufacturers of America), also attended the meeting on behalf of the broader industry. The report stated that Trump discussed with the pharmaceutical industry topics such as how the public and private sectors can collaborate to find cancer treatment methods.

• Chevron is planning to cut capital spending, including global workforce reductions

$Chevron (CVX.US)$On Thursday, announced the first budget cut in the shale oil sector since the pandemic. The company stated that it will limit oil production growth in the Permian Basin while increasing cash flow from this oil field. The company also stated that it will cut global capital spending by $2 billion next year, and will further reduce structural costs by up to $3 billion by 2026, including workforce reductions worldwide. However, the company did not disclose how many jobs will be affected.

• Stellantis and Scigineer Energy have reached an agreement to develop lithium-sulfur batteries for electric vehicles.

$Stellantis NV (STLA.US)$ An agreement has been signed with the U.S.-based battery manufacturer Zeta Energy to develop more affordable lithium-sulfur batteries for electric vehicles. Both companies stated on Thursday that the goal is to be operational by 2030. Stellantis and Zeta said in a joint statement, 'The cost of lithium-sulfur batteries is expected to be less than half the price of current lithium-ion batteries per kilowatt-hour.' The agreement aims to develop lighter batteries with energy potential comparable to current lithium-ion batteries.

At the close, Stellantis rose more than 4%.

• OpenAI has launched the full version of the o1 large model, as well as the ChatGPT Pro subscription priced at $200 per month.

In the early hours of Friday Beijing time, OpenAI held the debut of the '12 Days 12 Streams' event, bringing as expected the full version of the inference large model o1 and an advanced mode, along with the subscription service ChatGPT Pro priced as high as $200 per month (approximately 1450 yuan). The just-launched full version o1 model will be faster, more powerful, more accurate than the preview model, while also gaining the ability for multimodal inputs (such as uploading images).

Top 20 in transaction volume

BeiShui crazily bought China Mobile for nearly HKD 1.8 billion and sold Tencent for about HKD 200 million. On Monday (June 3rd), Southbound funds net purchased HKD 3.4 billion of Hong Kong stocks.

• Beishui net bought over 3.7 billion Hong Kong dollars in Hong Kong stocks all day, swept over 0.3 billion Hong Kong dollars in CNOOC, and sold nearly 0.5 billion Hong Kong dollars in Tencent.

On December 5th (Thursday), the southbound funds net bought 3.716 billion Hong Kong dollars in Hong Kong stocks.

$CNOOC (00883.HK)$、$CHINA MOBILE (00941.HK)$、$ROBOSENSE (02498.HK)$Received net inflows of 0.307 billion Hong Kong dollars, 0.272 billion Hong Kong dollars, 0.264 billion Hong Kong dollars respectively;$TENCENT (00700.HK)$、$MEITUAN-W (03690.HK)$、$XIAOMI-W (01810.HK)$Experienced net outflows of 0.485 billion Hong Kong dollars, 0.414 billion Hong Kong dollars, 0.13 billion Hong Kong dollars respectively.  

The company's overall sales volume in 2023 was 18,000 kiloliters, with a year-on-year increase of 28.10%, indicating significant growth. In terms of product structure, the operating income of products worth 10-30 billion yuan were 401/1288/60 million yuan respectively.

Keywords: Non-farm payrolls in the usa after adjustment for November; Federal Reserve Governor Bowman speaks; multi-point intelligence, restructuring energy.

In terms of financial data, the adjusted non-farm payrolls in the usa for November and the preliminary consumer confidence index from the University of Michigan for December will be announced.

In terms of financial events, Richmond Fed Chairman Barkin speaks, and Federal Reserve Governor Bowman speaks.

Regarding new stocks,$DMALL (02586.HK)$ 、 $REFIRE (02570.HK)$ will be listed on the Hong Kong stock market.

Futubull Morning News:

Only get involved in trading active stocks, avoid getting involved in those with slow movements and low trading volume.
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