Hot News

• On Monday, the three major US stock index futures all rose.

• Most Growth Tech stocks rose in Pre-Market Trading. $Taiwan Semiconductor (TSM.US)$、 $Broadcom(AVGO.US)$Increased by over 1%.

• Steel stocks saw widespread gains in Pre-Market Trading. $Nucor (NUE.US)$、 $Cleveland-Cliffs (CLF.US)$、 $Commercial Metals (CMC.US)$、 $Reliance (RS.US)$、 $Worthington Steel(WS.US)$Increased over 6%.

• Popular China Concept Stocks are rising in Pre-Market Trading, $TAL Education (TAL.US)$、 $Kingsoft Cloud (KC.US)$Increased by over 6%, $alibaba(BABA.US)$、 $Li Auto (LI.US)$Increased by over 4%

• Discussing national governance with Confucius! Meta announced the spring release of the VR/MR version of Civilization VII.

Giant in Virtual Reality devices.$Meta Platforms (META.US)$On the 9th of this month, announced that the historical strategy game "Civilization VII" will launch on VR and MR devices this spring, providing history game enthusiasts with the opportunity to "spar" face-to-face with human civilization leaders for the first time.

• $Taiwan Semiconductor (TSM.US)$In Pre-Market Trading, shares surged nearly 2% as OpenAI prepares to transfer the design of its self-developed AI Chip to Taiwan Semiconductor for manufacturing in the first half of 2025.

• Performance exceeded expectations, with SaaS company monday.com rising over 22% in Pre-Market Trading.

$monday.com(MNDY.US)$Rising over 22% in Pre-Market Trading, the company reported quarterly earnings of $1.08 per share, exceeding the analyst consensus estimate of $0.79 by 36.71%. This represents a 66.15% increase from last year's EPS of $0.65. The company reported quarterly revenues of $0.267976 billion, which is 2.53% higher than the analyst consensus estimate of $0.261366 billion. This is a 32.29% increase compared to last year's sales of $0.20257 billion.

• $BigBear.ai Holdings(BBAI.US)$It has risen over 6% again, with the company winning an AI contract from the U.S. Department of Defense.

• McDonald's rose nearly 3% in Pre-Market Trading following better-than-expected global same-store sales growth in the fourth quarter.

$McDonald's (MCD.US)$In Pre-Market Trading, the stock rose nearly 3%, with total revenue of 6.388 billion USD in the fourth quarter of 2024, compared to 6.406 billion USD in the same period last year; Net income was 2.017 billion USD, compared to 2.039 billion USD last year; Adjusted EPS was 2.83 USD, estimated at 2.84 USD. The company's same-store sales grew 0.4% in the fourth quarter, compared to an estimate of a decline of 0.93%. McDonald's global same-store sales increased by less than 1% in the fourth quarter last year, which was better than Wall Street's previous prediction of a 1.1% decline.

• Multiple bullish factors stimulated a more than 6% rise in United States Steel in Pre-Market Trading.

$United States Steel(X.US)$In Pre-Market Trading, the stock rose more than 6%. In the news, U.S. President Trump stated that he would announce on the 10th a new tariff of 25% on all steel and aluminum imports into the USA. This new tariff will be added on top of the existing metal tariffs, marking another "major upgrade" in Trump's trade policy reform.

Additionally, according to Kyodo News, citing related government officials in Japan, Japanese Prime Minister Shinzo Abe presented a modified plan for Japanese steel acquisition of United States Steel during the US-Japan leaders' meeting with President Trump, involving large investments rather than an acquisition, which had previously been negotiated with Nippon Steel.

• Alcoa rose over 5% in Pre-Market Trading, as Trump is set to announce a 25% tariff on all steel and aluminum imported into the USA.

$Alcoa (AA.US)$In Pre-Market Trading, the stock rose over 5%. In the news, U.S. President Trump stated that he would announce on the 10th a new tariff of 25% on all steel and aluminum imports into the USA. This new tariff will be added on top of the existing metal tariffs, marking another "major upgrade" in Trump's trade policy reform.

• BP PLC rose over 6% in Pre-Market Trading, as aggressive investor Elliott has acquired shares and plans to push for reforms.

$BP PLC (BP.US)$It rose over 6% in Pre-Market Trading. On the news front, aggressive investor Elliott Investment Management reportedly holds a significant number of BP PLC shares and plans to drive reforms to enhance shareholder value. Elliott believes that BP PLC's stock price is undervalued.

• No signal is needed to send messages! T-Mobile has launched free public testing of Starlink Satellite Messaging Service, rising over 3% in Pre-Market Trading.

$T-Mobile US(TMUS.US)$It rose over 3% in Pre-Market Trading, announcing the release of the first publicly tested space mobile network supported by SpaceX's Starlink in the USA. This public test is open to all wireless users in the USA, including competing telecom companies.$Verizon(VZ.US)$and$AT&T(T.US)$Customers can register for free and experience it until July. "During the public beta period, users can send and receive SMS supported by Satellite, while data and voice functions will be launched later," said T-Mobile.

• $Super Micro Computer (SMCI.US)$ Announced full production.$nvidia (NVDA.US)$Blackwell rack-level solutions and NVIDIA HGX B200, continuing to rise nearly 4% in Pre-Market Trading.

• Nokia welcomes a new leader, Hottad brings AI Datacenter experience to turn around the 5G decline, rising over 2% in Pre-Market Trading.

Finnish telecom giant.$Nokia Oyj (NOK.US)$Pre-Market Trading surged over 2%. The company announced on Monday that CEO Pekka Lundmark will step down, with Intel's Executive Vice President and General Manager of the Datacenter and AI Group, Justin Hotard, taking over. Hotard will officially assume his role on April 1, 2025. It is understood that Nokia is currently facing a decline in 5G equipment sales and has been exploring market diversification, actively expanding into emerging fields such as AI.

• ON Semiconductor fell nearly 5% in Pre-Market Trading due to fourth-quarter results missing expectations.

$ON Semiconductor(ON.US)$Falling nearly 5% in Pre-Market Trading, the adjusted EPS for the fourth quarter of 2024 is $0.95, below the expected $0.97, with sales of $1.722 billion, below the expected $1.758 billion.

• Kingsoft Cloud surged over 6% in Pre-Market Trading, with H-shares reaching new highs, supporting the operation of the DeepSeek series models.

Kingsoft Cloud's Hong Kong stocks rose over 9% today, setting a new historical high.$Kingsoft Cloud (KC.US)$Pre-Market Trading rose over 6%. In news, on February 8, Kingsoft Cloud announced full support for DeepSeek-R1/V3 in public cloud and state-owned cloud/government cloud scenarios, further expanding its service capabilities in high-performance large language model inference and fine-tuning tasks. Kingsoft Cloud has launched various mirror services based on the DeepSeek-R1 distilled model, which users can experience for free on the Kingsoft Cloud official website.

• Baidu rose over 3% in Pre-Market Trading, with four large model application products officially integrating with the DeepSeek model.

$baidu (bidu.us)$In Pre-Market Trading, it rose over 3%. In news, four large model application products from Baidu Smart Cloud, namely Kueyue, Xiling, Yijian, and Zhenzhi, have officially launched the new version integrating with the DeepSeek model. Meanwhile, Baidu Smart Cloud is accelerating the adaptation and verification of industry application products in finance, transportation, government, autos, medical, and industrial sectors with the DeepSeek model.

Global Macro

• Is there still hope for the Federal Reserve to cut interest rates in the first half of the year? Powell's testimony along with CPI data will be presented this week.

At the beginning of this year, inflation in the USA showed almost no signs of further decline, while healthy job growth supported the economies of the USA and Europe, thus supporting the Federal Reserve's stance to maintain interest rates temporarily. This also raises a suspense that currently remains "unanswered": Can the Federal Reserve further cut interest rates in the first half of this year? The dot plot released by the Federal Reserve in December last year indicated that most officials expected two further rate cuts this year.

• State Council meeting: Support the accelerated development of new types of Consumer, promote "AI + Consumer" and so on.

Li Qiang chaired a State Council executive meeting to discuss efforts to boost consumption. The meeting pointed out that boosting consumption is a top priority in expanding domestic demand and strengthening the domestic circulation. It is necessary to effectively change perspectives and position the promotion of consumption more prominently. Support for residents' income growth should be strengthened, promoting reasonable increases in wage income, broadening channels for property income, and enhancing consumption capacity.

Focus should be on consumption areas that have strong influence and large growth potential, and deeply explore consumption potential. Promote the quality of service consumption to benefit the public, optimize services for the elderly and children, support convenience services, and expand cultural and tourism consumption. Promote the upgrade of bulk consumption, increase support for the replacement of consumer goods, better meet housing consumption needs, and extend the automotive consumption chain. Strengthen the leading role of consumption brands, support the acceleration of new consumption development, and promote 'AI + consumption' among others, continuously creating new products, new scenarios, and new hotspots for consumption.

• Investor focus shifts from risk to potential! The rise of DeepSeek prompts a reevaluation of valuations in Chinese Technology stocks.

Amid the backdrop of AI uplifting the market value of American tech giants, the rise of DeepSeek is prompting investors to reassess leading Chinese tech companies and their potential in utilizing AI. Swiss asset management company Gam Investment Management stated: 'When focusing on large Chinese Internet companies, investors' attention may shift from 'considering risks' to 'considering potential'.' 'This is bullish, especially considering these companies' valuations have a significant discount compared to their American counterparts.'

• Not afraid of Trump's 'tariff stick'? Wall Street: US stocks will continue to rise this year, and selling is a good buying opportunity.

Since Donald Trump took office as President of the USA, fears related to the 'tariff stick' have remained in the minds of investors. Meanwhile, Trump's unpredictable attitude has at times taken the market on a rollercoaster ride. However, some Wall Street analysts believe that the uncertainty and volatility caused by trade concerns represent buying opportunities this year, and that economic growth will ultimately 'prevail', bringing more and stronger gains to the US stock market.

• Goldman Sachs warns: Trump's immigration policy will hinder USA economic growth.

Goldman Sachs stated in a research report released on Monday that President Trump's immigration restrictions will have some negative impact on the US economy and labor growth, while the impact on inflation will be more limited. Goldman Sachs expects that in the benchmark scenario, net immigration to the USA will plummet to 0.75 million people per year, causing this year's potential GDP growth rate to drop by 30 to 40 basis points.

• ING: Safe-haven demand drives Gold Futures and spot prices to new highs.

Due to new safe-haven demands, both Gold Futures and spot prices have risen to historic highs. At one point, Gold Futures prices reached 2,927.0 USD/ounce during trading, while spot gold recently broke through the 2,900 USD/ounce mark. An analyst from the Dutch International stated in a report that gold prices have increased by over 10% so far this year, continuously setting new records. The group noted that concerns about US tariffs (which could lead to rising inflation and slowing economic growth) have stimulated demand for safe-haven assets like gold.

Pre-Market Trading Top 20 by transaction volume.

Reminder of Macroeconomic Events in the USA

(The following are all in Beijing Time)

22:00 ECB President Lagarde participates in a plenary debate on the ECB 2023 Annual Report.

Next early morning

0:00: US January New York Fed 1-year inflation expectation (%).

Editor/ping