Market Overview

The US Treasury bond market has formed a strong bearish base based on expectations of economic recovery. The Bank of America survey found that the “painful threshold” of US bond yields continues to rise. 51% of respondents said that the yield on 10-year treasury bonds that the economy can afford rose to 2.25%, up from 47% obtained in the April survey.

The bearish stance on US Treasury bonds is also reflected in a survey on when the Federal Reserve might suggest a slowdown in debt purchases. The majority of respondents expect the Federal Reserve to do so no later than the September policy meeting.

As of press release, futures on the three major stock indexes rose before the market, Dow futures rose 0.29%, NASDAQ futures rose 0.83%, and S&P 500 futures rose 0.37%.

China Securities

• Most popular Chinese securities firms rose before the market. iQiyi rose more than 4%, and TSMC rose more than 3%

Before the market on Tuesday, iQiyi rose more than 4%, TSMC rose more than 3%, Huya and Jingdong rose more than 2%, Gaotu, Yixian E-Commerce, Baidu, Wuxin Technology, Ideal Auto, Xiaopeng Motor, Pinduoduo, Alibaba rose more than 1%, and Maverick and NIO rose slightly.

According to the news, iQiyi announced its unaudited financial report for the first quarter ending March 31, 2021. Financial reports show that in the first quarter of 2021, iQiyi's total revenue increased beyond expectations, reaching 8 billion yuan (about 1.2 billion US dollars). By the end of the first quarter, the number of iQiyi subscribers reached 105.3 million.

TSMC plans to issue NT$19.7 billion corporate bonds, of which the interest rate for 5-year bonds is 0.52%.

According to the latest 13F report, Alibaba cleared Lyft and reduced its Groupon holdings in the first quarter. The most heavily stocked stock is Station B, which holds 56% of its disclosed assets, and is heavily invested in Weibo (which continues to hold 9 million ARD copies), Xiaopeng Motor (which continues to hold 6.65 million ADRs), and Mo Yi (which continues to hold 5 million ADRs).

Betta had net revenue of 2.153 billion yuan in Q1 2021, or 2,278 million yuan in the same period last year; Q1 lost 0.19 yuan per share and made a profit of 0.79 yuan in the same period last year. The average monthly activity of mobile devices in Q1 was 59.1 million, compared to 56.6 million in the same period last year.

Gao Lin announced the US stock holdings for the first quarter of 2021 at the US Securities and Exchange Commission (SEC). Data shows that in the first quarter, Gao Yu held shares of 91 companies in the US stock market, with a total market capitalization of 10.1 billion US dollars (65 billion yuan). China Securities still occupies a strong position. Hard technology, medicine, and consumption are still its key investment industries.

In Gao Yu's latest position adjustment in the first quarter, what is quite interesting is that he bought NIO and Xiaopeng again.

Active US stocks before the market

• WSB's popular concept stocks rose before the market, and AMC theatres rose more than 10%

Before the market on Tuesday, AMC theatres rose more than 10%, EXPR rose more than 8%, video images rose more than 3%, Gauss Electronics rose more than 2%, and Nokia, RBLX, and Blackberry rose more than 1%.

It is worth noting that the AMC cinema line has been rising for 7 consecutive trading days, with a cumulative increase of 55%. B. Riley analyst Eric Wold published a report saying that the current AMC cinema line has abundant cash flow, and it is expected that the recovery of the industry will drive the company's revenue growth. He reiterated the company's “buy” rating, with a target price of 16 US dollars.