Hot News

• On Tuesday, the USA stock index futures stopped falling and rebounded.

• Growth Tech stocks surged broadly in Pre-Market Trading. $Alibaba (BABA.US)$Increased by 4%, $Tesla (TSLA.US)$rising over 2%,$Meta Platforms (META.US)$、$Micron Technology (MU.US)$、$Broadcom (AVGO.US)$All have increased by more than 1%.

• Most of the China Concept Stocks are up in Pre-Market Trading.$XPeng (XPEV.US)$Increased by nearly 10%,$Kingsoft Cloud (KC.US)$Increased by more than 7%.

• Most Cryptos concept stocks rose in Pre-Market Trading. $Coinbase (COIN.US)$Increased by more than 4%, $Strategy (MSTR.US)$、 $IREN Ltd (IREN.US)$Increased by over 3%.

• Tesla rebounds over 2% in Pre-Market Trading, Trump supports Musk.

$Tesla (TSLA.US)$In Pre-Market Trading, it rebounded by more than 2%. The stock has recently fallen by half from historical highs. In the news, President Trump stated on Social Media that Musk is "taking risks to help our country" and he is doing an excellent job. However, those radical individuals are trying to illegally collude to resist Tesla, aiming to attack and harm Musk and everything he represents. I will go buy a brand-new Tesla tomorrow morning to express my trust and support for Musk.

• Oracle falls nearly 2% in Pre-Market Trading, third quarter adjusted revenue and earnings both under expectations.

$Oracle (ORCL.US)$In Pre-Market Trading, it fell nearly 2%. In terms of news, Oracle's adjusted revenue for the third quarter was $14.13 billion, up 6% year-on-year, lower than Analyst expectations of $14.39 billion; the adjusted EPS was $1.47, also below Analyst expectations of $1.49. Among them, cloud business revenue was $6.2 billion, below Analyst expectations of $6.3 billion. In addition, Oracle CEO Safra Catz remains optimistic about future growth prospects, expecting the company's revenue to grow 15% in fiscal year 2026, higher than the market's general expectation of 12.6%.

• Delta Air Lines falls over 10% in Pre-Market Trading, lowers first quarter revenue and profit guidance due to weakening demand.

$Delta Air Lines (DAL.US)$In Pre-Market Trading, the stock dropped over 10%. In the news, Delta Air Lines recently projected that for the first quarter ending March 31, the adjusted EPS will be between $0.30 to $0.50, down from the previous expectation of $0.70 to $1.00; the revenue growth will be a maximum of 5%, previously expected to be 6% to 8%. The airline stated that in the face of recent macro uncertainties, consumers and business clients have weakened confidence in the future, with local demand being weak, leading the group to revise its performance.

• Kohl's Corp fell over 17% in Pre-Market Trading, with net sales of $5.175 billion for Q4, a year-on-year decline of 9.4%, while comparable sales decreased by 6.7%.

$Kohl's Corp (KSS.US)$The stock dropped over 17% in Pre-Market Trading, reporting Q4 net sales of $5.175 billion, a 9.4% decline year-on-year, estimated at $5.18 billion, with comparable sales down 6.7%; Q4 EPS of $0.43 compared to $1.67 the previous year, estimated at $0.72; Q4 gross margin of 32.9%, compared to 32.4% the previous year, estimated at 32.7%; Q4 operating profit of $0.126 billion, estimated at $0.1858 billion; Q4 same-store sales declined 6.5%, estimated decline of 6.99%. Kohl's Corp expects a same-store sales decline of 4% to 6% for the year, while the market estimates a decline of 0.55%.

• Alibaba rose nearly 4% in Pre-Market Trading, and Manus will formally reach a strategic cooperation with the Alibaba Tongyi Qianwen team.

$Alibaba (BABA.US)$The stock increased nearly 4% in Pre-Market Trading. According to 36KR Holdings, Manus announced a strategic cooperation with the Alibaba Tongyi Qianwen team, where both parties will implement Manus's functions on domestic models and computing power platforms. The two technical teams are working closely together to create more creative general intelligence products for Chinese users. Manus completed a round of financing in November 2024, led by Tencent and Sequoia China, with follow-up investments from ZhenFund and Wang Huiwen among others. The company has previously received two rounds of investments from ZhenFund.

• Li Auto's stock rose over 5% in Pre-Market Trading, and the national road test for its first pure electric SUV with light camouflage has begun.

$Li Auto (LI.US)$In Pre-Market Trading, U.S. stocks rose over 5%. In the news, Li Auto announced that starting from March 10, the Li i8 light camouflage vehicle will begin field testing nationwide. The i8 is Li Auto's first pure electric SUV and the first product in the Li i series, positioned as a large six-seat SUV, set to launch in July 2025. Additionally, the company will release its Earnings Reports on March 14 before the market opens, with Institutions expecting Li Auto to achieve revenue of $6.104 billion in Q4 2024, a year-on-year increase of 3.82%.

• Hesai's stock rose over 5% in Pre-Market Trading, achieving record high revenue last year and maintaining its position at the top of the industry, with delivery volume doubling for four consecutive years.

$Hesai (HSAI.US)$In Pre-Market Trading, the stock rose over 5%. In terms of news, the company achieved revenue of 720 million yuan in Q4 2024, a quarter-on-quarter growth of 33.3%, and an annual revenue of 2.08 billion yuan, setting a historical record, a year-on-year increase of 10.6%, breaking industry records. The total delivery volume of Lidar for the entire year of 2024 reached 501,889 units, a year-on-year increase of 126%, achieving volume doubling for four consecutive years. The company expects to maintain strong growth momentum in 2025, with net revenue expected to reach 3 billion to 3.5 billion yuan, and GAAP profit expected to reach 200 million to 350 million yuan.

Global Macro

• Federal Reserve Board member Kugler: Inflation may rise, and the Federal Reserve should keep interest rates unchanged.

On March 10 local time, Federal Reserve Governor Adriana Kugler warned that inflation in the USA may still be stubborn, and commodity prices may rise again; therefore, the Federal Reserve should temporarily maintain interest rates. As one of the key decision-makers with voting rights, Kugler's cautious stance provides an important signal to the market regarding the future direction of the Federal Reserve's policies. Kugler also pointed out that recent inflation expectations have accelerated, which will affect corporate pricing strategies and workers' wage negotiations, further raising inflation.

• Lowering the GDP forecast for the USA and raising the inflation forecast, even the "optimists" at Goldman Sachs are now seeing "stagflation."

With Trump's tariff policy gradually being realized, Wall Street's concerns about the economic outlook and "stagflation" risks in the USA are intensifying. Recently, Goldman Sachs, once seen as an "optimist," has joined the ranks of those lowering the US economic growth forecast, reducing the 2025 GDP growth expectation from 2.4% to 1.7%, marking the first time in over two years that the bank has cut GDP predictions below the prevailing expectations. According to Polymarket, the market currently estimates a 40% chance that the official declaration of a recession in the USA will be announced by the end of this year.

• Bullish on the long-term development of Chinese assets! International long-term investors are returning to the Chinese market after years.

Chinese assets are attracting more and more overseas investors, with signs indicating that long-term investors prepared to Hold and enjoy shareholder rights have started to position themselves. According to insiders, some international institutions known for "only going long" entered the Hong Kong stock market in the past week. This move marks the return of long-term investors after many years of absence from the Chinese market, which also means that the prospects for stability and sustainable growth in the Chinese stock market have received further recognition from international investors.

• Goldman Sachs traders interpret the ‘Black Monday’ in US stocks: a short-term rebound may be a Sell opportunity.

The US stock market faced a sharp decline this Monday, with panic spreading. From the perspective of Goldman Sachs traders, the storm is far from over, as a series of factors are pushing the market deeper into the trough. Currently, asset managers' cash balances are at historically low levels, while hedge funds' total risk exposure is at historically high levels, indicating that dynamic positions remain a real resistance. The currently oversold technical conditions have prepared for a rebound. However, given the strong resistance (tariffs and debt ceiling, slowing growth, and valuations still relatively high), the rebound will be used as a Sell opportunity.

• Risk aversion dominates the trade! The number of Stocks closed by hedge funds has reached a two-year high.

Wall Street is being dominated by risk-averse sentiment in trading, mainly due to the negative impacts of Trump's tariffs and other policies. The market is very concerned that this policy mix will hinder the growth of the USA economy. According to a report released by Goldman Sachs on Monday, the number of stocks liquidated by hedge funds reached a new two-year high last Friday, and some hedge funds' large-scale de-risking measures in concentrated trading can almost be compared to the situation in early March 2020 at the onset of the COVID-19 pandemic.

Pre-Market Trading Top 20 by transaction volume.

Macro calendar reminders for the USA stock market.

(The following are all in Beijing Time)

22:00 USA January JOLTs job openings (10,000 people).

Early the next morning.

04:30 USA API crude oil stocks for the week ending March 7 (10,000 barrels).

Editor/ping