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On Tuesday morning, the three major futures indexes in the USA collectively surged.
Growth Tech stocks strengthened, with Tesla rising nearly 1%.
Cryptos concept stocks generally rebounded, with MicroStrategy up over 4% and Coinbase rising nearly 2%.
In just seven months! Tesla's Shanghai energy storage factory passed inspection and is expected to officially start mass production early next year.
$Tesla (TSLA.US)$ The pre-market rebound is nearly 1%. The Shanghai Super Storage factory project has begun trial production, with official mass production expected early next year. It is reported that the factory successfully passed completion acceptance on December 27, taking only 7 months from the start in May to completion, setting a new record for 'Tesla Speed.' After production starts, the output of the ultra-large storage battery Megapack will reach up to 0.01 million units, with a storage capacity of nearly 40 gigawatt-hours (1 gigawatt-hour = 1000 megawatt-hours). In addition, Tesla is expected to announce the fourth quarter delivery figures for 2024 on January 2.
Faraday Future continues to rise nearly 30% in pre-market trading, following a surge of 78% yesterday.
$Faraday Future Intelligent Electric Inc. (FFIE.US)$ In Pre-Market Trading, it soared nearly 30% again. According to comprehensive reports from foreign media, the company's concept car FX will be showcased at the Consumer Electronics Show (CES) in Los Angeles from the 5th to the 7th of next month. The company also announced that renowned Chinese businessman Luke Hans will receive the company's first FF91 2.0 Futurist Alliance electric vehicle next year. Additionally, the company secured a $30 million funding commitment last week to accelerate the development of Faraday X.
Famous investor Gerber: NVIDIA is entering the "next growth phase."
Ross Gerber, president of Gerber Kawasaki Wealth and Investment Management, stated, " $NVIDIA (NVDA.US)$ "We are printing Silver paper, just like Apple did in the early days of the iPhone," he added. "The opportunities in AI are limitless." Gerber has been an investor in NVIDIA for the past ten years and believes the company is entering its "next growth stage." Gerber stated, "I certainly would not give up on it now; for investors, NVIDIA needs to be a part of your portfolio like Apple and Microsoft."
Apple's streaming platform Apple TV will be available for free this weekend.
$Apple (AAPL.US)$ It has been announced that the streaming service Apple TV will be available for free during the weekend of January 4 to January 5, 2025. Apple TV is part of the company's Services division, which set a "historical high" in revenue for the fourth quarter ended September 2024. The Services division's revenue grew approximately 11.9% year-on-year, reaching $24.97 billion, but fell short of analysts' expectations of $25.27 billion. Its Services division also includes the App Store, Apple Music, Apple Pay, iCloud, and Apple TV+.
Fannie Mae and Freddie Mac both surged over 33%, with billionaire Ackman stating that both enterprises are expected to be released from conservatorship.
Fannie Mae ($FEDERAL NATIONAL MORTGAGE ASSOC (FNMA.US)$ ）、 $FREDDIE MAC (FMCC.US)$ closed with both surging over 33%. Earlier, billionaire Bill Ackman posted, "What makes these two companies particularly interesting today is that there are reliable paths to free them from conservatorship in a relatively short period, specifically within the next two years." During the end of 2007 to 2008, both companies were hit hard by the US subprime mortgage crisis and were on the brink of bankruptcy, while they owned or guaranteed half of the total $12 trillion value of the US mortgage market, being too big to fail. As a result, the US government decided to take over the two enterprises on September 6, 2008. During Trump's first term, there were multiple attempts to privatize the two enterprises.
Demand for flagship products exceeded expectations, leading EHang to raise its revenue forecast for Q4 and the entire year.
China's Drone Concept Stocks $EHang (EH.US)$ In Pre-Market Trading, it rose over 5%. The company expects fourth-quarter revenue to reach 0.162 billion yuan, which is a 20% increase compared to the guidance target of 0.135 billion yuan, and a year-on-year increase of 187%. In the fiscal year 2024, the company expects total revenue to reach 0.454 billion yuan, up 6% from the previous estimate of 0.427 billion yuan, and a year-on-year increase of 287%.
Global macro
The market truth that disrupts cognition: the steep yield curve is indeed the "exclusive Bullish" of the seven giants of the US stock market.
According to top Wall Street investment firm 22V Research, the steepening of the overall yield curve for U.S. Treasuries of all maturities is a powerful tailwind for the 'Seven Tech Giants' in the U.S. stock market. However, the firm noted that if the steepening of the U.S. Treasury yield curve significantly slows down or shifts from steep to flat, the performance of these large tech stocks, including the seven giants, will also face downward adjustments. Therefore, from the perspective of the strategist team at 22V Research, a shift of the U.S. Treasury yield curve from recent stagnation or flattening to a steepening slope may indicate that the U.S. stock market's 'Seven Tech Giants,' which hold a significant weight in the S&P 500 Index and NASDAQ 100 Index (30%-40%), may embark on a new upward trend.
For the first time in history! The assets of USA ETFs have surpassed 10 trillion dollars.
According to the latest data from Cerulli Associates, assets of U.S. Exchange-Traded Funds (ETFs) exceeded 10 trillion dollars for the first time in November. This month, ETF inflows reached 156 billion dollars, setting a new record for monthly inflows. Cerulli pointed out that this level of activity is comparable to the trading peak typically seen at the end of the year. Research by Morningstar indicates that this growth was driven by the 'Trump Effect,' as U.S. funds (including ETFs and mutual funds) attracted inflows of 115 billion dollars in November, the highest since April 2021.
Next year, the major Banks in the USA will welcome a "harvest" year, and every Business will "bloom everywhere".
As the Federal Reserve may slow down its interest rate cuts next year, a steeper yield curve will continue to support Banks' net interest margin earnings. Visible Alpha's survey of Analysts also shows that global top Banks are expected to see revenue growth across all sectors (except for FICC trading) for the first time since 2021 next year. Furthermore, by early December, the yield on the three-month U.S. Treasury bill fell below the 10-year Treasury yield for the first time since 2022, which may soon trigger a new enthusiasm for Fixed Income products. Analysts also indicated that Trump, who will take office next year, is expected to ease regulatory scrutiny of the Financial sector, which is equally likely to benefit the Banking industry.
Trump's return to the White House may bring new variables, with bullish bets on Crude Oil rising to a four-month high.
As investors prepare for Trump's return to the White House in the new year, bullish bets on Crude Oil have reached their highest point in four months. According to data from the U.S. Commodity Futures Trading Commission, fund managers increased net long positions in WTI Crude Oil by 21,694 contracts in the week ending December 24, bringing the total to 182,895 contracts. During that week, the trading range for Crude Oil futures was less than $3, indicating that the increase in long positions was due to changes in long-term Hold Positions rather than short-term price reactions.
Trading reminder: The U.S. stock market will be closed for one day on January 1 due to the New Year holiday.
January 1, 2025 (Wednesday) is the New Year holiday, and the U.S. stock market will be closed for one day. Normal trading will resume on January 2, 2025 (Thursday).
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)
10:00 PM USA October FHFA House Price Index Month-on-Month
10:00 PM USA October S&P/CS 20-City Seasonally Adjusted House Price Index Year-on-Year
5:30 AM USA Weekly API Crude Oil Inventory as of December 27 (10,000 barrels)
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