Hot News
On Tuesday morning, the three major index futures showed mixed performance.
Several small-cap companies surged dramatically in pre-market trading, with trading volumes ranking among the top.
As of the time of writing, Quantum Computing concept stocks. $SEALSQ Corp (LAES.US)$ In pre-market trading, rose by 29%, Advertising Agencies. $Direct Digital (DRCT.US)$ In pre-market trading, rose by 21%, e-commerce AI Software stocks. $Rezolve AI (RZLV.US)$ Up 8% in Pre-Market Trading; Wireless RF manufacturers. $AmpliTech Group (AMPG.US)$ Up 17% in Pre-Market Trading; Electric vehicle tire manufacturers. $Carbon Revolution (CREV.US)$ Surged 140% in Pre-Market Trading.
The Tesla Model Y has reached its historical lowest price and the lowest price globally.
$Tesla (TSLA.US)$ The official Chinese website has launched the "Purchase Current Vehicle Final Payment Discount" activity policy today, allowing a discount of 0.01 million yuan on the final payment for purchasing the Model Y in stock, which can be combined with the "5-Year 0 Interest Financial Plan" valid until January 31, 2025. Tesla's Chinese website shows that the Model Y rear-wheel drive and long-range all-wheel drive versions in stock are priced from 0.2399 million yuan, and buyers can also apply for the 5-Year 0 Interest Financial Plan, meaning monthly payments start at 2667 yuan. Tesla claims that the Model Y is now at a historical low price and the lowest price globally. As of the time of publication, Tesla's stock is up 1% in Pre-Market Trading.
Apple's new Global Strategy revealed: abandoning car manufacturing to focus on Smart Home, is a market disruption waiting until next year?
Well-known technology journalist Gurman has revealed that Apple will focus on developing AI, Siasun Robot&Automation, and Smart Home in 2025; Apple plans to launch a Smart Home control center that integrates AI, one of which is a smart doorbell with advanced facial recognition features that can automatically open the door; despite risks such as household security vulnerabilities, Gurman believes that Apple's entry into the Smart Home market is more beneficial than harmful.
Amazon denies requesting sellers to "choose one of two options": it is not true, and sellers can independently decide their sales strategy.
As the demand for AI continues to rise, the industry is evolving. $Amazon (AMZN.US)$ The top brand, North American mobile charging brand Anker's brand store, suddenly closed on PDD Holdings' cross-border business Temu's US site. Some netizens revealed on social media that Amazon demanded that the top twenty sales sellers on its platform choose between selling on Amazon and Temu; if sellers open a store for the same brand on Temu, they would receive a "choose one" warning letter. In response to claims that e-commerce giant Amazon requires sellers to sell exclusively in its marketplace, Amazon stated that this is not factual. Sellers can independently decide their sales strategies and set product prices on Amazon and other sales channels.
AMD is expected to increase its market share in CPUs and GPUs; Su Zifeng responded that the experience of unboxing AI Chips is far from that of NVIDIA.
Recently, the well-known Wall Street investment firm Rosenblatt has set the target price for the next year at $250, doubling the current price, and has given a "Buy" rating based on expectations that the expansion of CPU and GPU market share will boost the company's stock price. $Advanced Micro Devices (AMD.US)$ Rosenblatt believes that the prospects for AMD's Epyc (Rome) CPU in servers and datacenters are strong, while the large-scale datacenters using M1350 and M1400 GPUs are also expected to see significant increases.
Recently, SemiAnalysis pointed out that the analysis team must work with AMD engineers to correct numerous software defects in order to achieve usable benchmark results, while NVIDIA systems can be used right away. SemiAnalysis suggests that AMD CEO Lisa Su increase investments in software development and testing, especially for automating tests with thousands of MI300X chips, simplifying complex environmental variables, and implementing better presets to achieve "plug-and-play". Lisa Su acknowledged AMD's shortcomings in software and carefully considered the suggestions from SemiAnalysis while raising many questions to the AMD team and SemiAnalysis.
Microsoft 365 Copilot introduces non-OpenAI models.
According to Reuters, $Microsoft (MSFT.US)$ its flagship AI product 365 Copilot has incorporated both internally developed and third-party AI computing models. This move is seen as a sign that Microsoft is reducing its reliance on OpenAI's AI models. However, sources stated that due to cost and risk considerations, Microsoft has included other AI computing models in the new 365 Copilot, including its own developed Phi-4, making 365 Copilot faster and more cost-effective. A Microsoft spokesperson responded through a statement, indicating that OpenAI continues to be a partner for the group's AI products, but the group will occasionally introduce different AI computing models.
American Airlines temporarily grounded flights due to technical issues, with stock dropping more than 4% in Pre-Market Trading before narrowing its losses.
$American Airlines (AAL.US)$ The company stated on X that all its flights are experiencing technical issues. In another post on X, the airline said there is no estimated time frame but is working hard to resolve the issues 'as quickly as possible'. The Federal Aviation Administration (FAA) later said that American Airlines had grounded all flights nationwide but then lifted the grounding order for the entire country. As of the time of publication, American Airlines was down 0.46% in Pre-Market Trading.
Reports indicate that Meta will launch smart glasses with a screen, expected to be released as early as the second half of next year.
Meta is collaborating with eyewear group EssilorLuxottica to incorporate a display screen in its $300 sunglasses. Sources indicate that the new version of the glasses may be released as early as the second half of 2025, with the display potentially used to show notifications or responses from Meta's virtual assistant.
Negotiations have stalled over issues such as wages, leading to escalating strikes at Starbucks locations across the USA.
The Starbucks union stated that the strike at Starbucks locations in the USA will expand to over 300 stores on Tuesday, with more than 5,000 workers expected to participate, and the scale of the strike is still growing ahead of a five-day strike that will end late on Christmas Eve. The Starbucks Workers United, representing employees from 525 stores nationwide, reported that over 60 stores in 12 major cities, including New York, Los Angeles, Boston, and Seattle, halted work on Monday. Negotiations between Starbucks and the union are at an impasse over unresolved issues such as wages, staffing, and scheduling, which led to the strikes.
Global macro
In 2025, the rotation of voting members of the Federal Reserve will make the hawkish-dovish divide more pronounced, and internal disagreements are expected to intensify.
Federal Reservethe Federal Open Market CommitteeThe FOMC voting members will change in 2025. In 2025, Boston Fed President Susan Collins, St. Louis Fed President Alberto Musalem, Kansas City Fed President Jeff Schmid, and Chicago Fed President Austan Goolsbee will become new voting members. This change occurs at a critical time when concerns about inflation in the USA are resurfacing, and furthermore, a series of policies from Trump adds complexity. According to Bloomberg's analysis, there may be more internal disagreements within the Federal Reserve FOMC in 2025.
In November, new home inventory in the USA reached the highest level since 2007, with prices dropping 6.3% year-on-year to a new low since early 2022.
Due to storms in the southern region of the USA, some trades were postponed to November. New home sales in the USA recorded a month-on-month increase in November, although the increase was below expectations. The supply of new homes for sale rose to the highest level since late 2007. The median selling price of newly built single-family homes decreased by 6.3% compared to the same period last year, reaching $0.4026 million, the lowest level since February 2022, which marks a return of new home prices below existing homes.
Goldman Sachs: Avoiding a government shutdown in the USA is useless, the future selling space for US stocks is even greater.
Goldman Sachs pointed out that last Friday was "Triple Witching Day," when the trading volume of US stocks reached a historical high. From Monday to Thursday last week, the scale of short selling by hedge funds in US stocks was the largest since early January; in terms of the size of CTA long positions in US stocks, there is a large room for selling and very little room for buying. The US government avoided a shutdown but faces greater fiscal challenges; investors are betting on increased volatility on Trump's inauguration day next January.
Some major Banks in the USA plan to sue the Federal Reserve regarding the annual stress tests.
According to CNBC, a source revealed that several major Banks are planning to sue the Federal Reserve regarding the annual bank stress tests. The source stated that the lawsuit is expected to be filed this week, possibly as early as Tuesday morning local time. The Fed's stress tests are a routine annual exercise that requires Banks to reserve adequate buffer funds for bad loans and regulates the scale of Share Buyback and dividends. After the market closed on Monday, the Federal Reserve announced in a statement that it plans to adjust the bank stress tests, but did not specify the exact adjustments to the annual stress test framework. However, these adjustments may not be enough to alleviate the Banks' concerns over heavy capital requirements. The Federal Reserve stated, "These proposed adjustments are not intended to have a substantial impact on overall capital requirements."
Bilibili rose more than 3% pre-market trading and was upgraded to "buy" by UBS, which raised its EPS estimate per share.
Reminder of Macroeconomic Events in the USA
(All in Peking Time)
23:00 USA December Richmond Fed Manufacturing Index.
Editor/Rocky