<h3>Top News in US Stocks</h3>
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In the late trading session on Tuesday, the US Securities and Exchange Commission (SEC) announced on its official X account on social media that it had approved the listing of all Bitcoin spot ETFs on national exchanges in the United States. However, the SEC clarified that its official X account was hacked and an unauthorized post was made, and that it did not actually approve the Bitcoin spot ETFs.
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There are market rumors that ByteDance is relocating its employees to a newly established wholly-owned subsidiary, where ByteDance will have independent office locations in the future. According to insiders at ByteDance, the registration and establishment of the independent company is based on the normal development needs of the business.
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Binance and seven other cryptocurrency applications have been removed from the Apple App Store in India.
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Taobao announced the upgrade of its Xiaomai assistant product based on AI large models and invited merchants to test it. It is expected to be launched in June 2024. Test data from Taobao shows that after strengthening the AI question-answering capability based on large models, Xiaomai's answer accuracy rate has increased to 85%, and it can serve in pre-sales guidance, after-sales service, data insights, and reception quality inspection.
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Xpeng's integrated land, sea, and air flying car made its debut at the 2024 CES exhibition. Xpeng's co-founder and vice president, Wang Tan, announced that the modular flying car &#34;Land Aircraft Carrier&#34; will begin accepting reservations in the fourth quarter of this year and is planned to start mass production and delivery in the fourth quarter of next year, becoming the world's first modular flying car for individual users in mass production and delivery.
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Guo Mingji, an analyst at TF International Securities, wrote on the X platform that major Android smartphone brands' inventory replenishment, which started in 2023Q3, is expected to end in January 2024. From the changes in shipment estimates and order visibility, the improvement in Android smartphone demand may be lower than market expectations. The estimated shipments of mid-to-low-end smartphones in non-Chinese markets have already started to be revised downward, with cancellations generally exceeding double digits. Local brands in emerging markets even have cancellations of more than 40-50%.
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TSMC's December sales were NT$176.3 billion, compared to NT$192.56 billion in the same period last year, a year-on-year decrease of 8.4% and a month-on-month decrease of 14.4%. The sales for 2023 were NT$2.162 trillion, a year-on-year decrease of 4.5%.
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Boeing CEO Dave Calhoun admitted at a company meeting on the 9th that the company made mistakes regarding recent incidents involving the Boeing 737 MAX 9 aircraft. Calhoun stated that Boeing will handle each step in a completely transparent manner and cooperate with the National Transportation Safety Board, which is investigating the accidents, to determine the causes. He also mentioned that the Federal Aviation Administration is overseeing inspections &#34;to ensure the safety of the next aircraft to take off and to prevent such accidents from happening again.&#34;
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Recent reports from multiple sources indicate that the TikTok platform is about to obtain the live streaming rights for Tencent's popular game &#34;Honor of Kings&#34;. On January 9th, Xuebao Finance and Economics Society revealed that based on Zhang Daxian's acquisition of the TikTok live streaming rights for &#34;Honor of Kings&#34;, the live streaming rights for &#34;Honor of Kings&#34; will be further opened to the TikTok platform.
There has been no response from both Tencent and ByteDance regarding this news.
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<h3>Pre-market Movement</h3>
In pre-market trading, the futures of the three major stock indices in the US showed mixed movements, with the fear index declining.
<img src="https://pub.pbkrs.com/cms/2024/0/xk6gkcGzLH1nEtZtyNPpDwPaJh2w8SCT.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/xk6gkcGzLH1nEtZtyNPpDwPaJh2w8SCT.jpg"/>
Among the technology stocks, NVIDIA rose more than 1% in pre-market trading, while Meta and AMD rose nearly 1%.
The performance of popular Chinese concept stocks was mixed, with Xpeng falling more than 2%, Alibaba and Xiaopeng falling nearly 1%, and Pinduoduo following the downward trend. Bilibili rose more than 1%, while NetEase, Baidu, NIO, and JD.com rose.
Cryptocurrency stocks showed a general decline in pre-market trading, with Marathon Digital falling more than 5% at one point, Coinbase falling more than 2% at one point, and Riot Blockchain and Hut 8 Mining falling more than 3% at one point.
In terms of individual stocks, P3 Health Partners rose more than 15% in pre-market trading, exceeding the revenue guidance for the fiscal year 2024.
Sony rose more than 3% in pre-market trading, and the XR Creation Headset made its appearance at CES 2024.
<h3>Review of Strategies</h3>
1. Understanding the Market | Why is NVIDIA still cheap?
Prominent bulls in the technology sector believe that investors are starting to realize that NVIDIA's stock is still cheap. The current stock price is 26.5 times the adjusted earnings per share forecast for 2024, and the compound annual growth rate of earnings per share is expected to reach 28% from 2024 to 2028. At the same time, the company is said to have &#34;first-class products, excellent execution, a strong management team, and low headline risk (the risk of explosive negative news).&#34;
2. Zhang Yidong: The investment theme for 2024 is to find the &#34;Volume King&#34;!
Zhang Yidong predicts that in 2024, the US stock market will present a pattern of &#34;small rise in the overall market, big rise in small and medium-sized growth stocks,&#34; and the performance of the seven giants may be relatively flat. However, the biotechnology sector in the US is expected to continue its upward trend, and the US stock financial sector may be a &#34;dark horse.&#34;
3. Bank of America's Top 10 Predictions for 2024: Japanese Stocks Lead Developed Markets, &#34;Geopolitical Risks&#34; Pressure Tech Giants
Bank of America predicts that in 2024, there may be &#34;hiccups&#34; in the decline of inflation; the Japanese stock market will rise by 13%, leading the developed markets; geopolitical risks may impact major technology companies such as Apple and NVIDIA; the IPO market is expected to recover.
4. Understanding the Market | Beware of a 17% Decline in US Stocks this Year!
There are voices on Wall Street suggesting that due to the inevitable failure of corporate earnings to meet investors' high expectations, US stocks may experience a 17% decline from their peak this year.
5. Interpreting Companies | Why is ByteDance clearly undervalued?
Surpassing Tencent all the way! In the fourth quarter of 2023, the GMV of Douyin's e-commerce increased by over 50% YoY to around 650 billion, and the overall GMV in 2023 is expected to reach 22 trillion?!

After the SEC clarified that it has not approved the listing and trading of Bitcoin spot ETFs, cryptocurrency stocks plummeted before the market opened. NVIDIA rose more than 1% in pre-market trading, while Li Auto dropped more than 2%. BABA-SWR and Xiaopeng Motors both fell nearly 1%, and Pinduoduo followed suit. Bilibili rose more than 1%, while NetEase, BIDU-SW, NIO, and JD.com all saw gains.

LB Select

Meta Platforms

Alphabet

Alphabet - C

Microsoft

Apple

Amazon

Tesla

NVIDIA

Netflix

Alibaba

JD.com

Li Auto

XPeng

NetEase

Baidu

Coinbase

Mara

BIDU-SW

BIDU-SWR

Pre-market Update: Li Auto Falls, NVIDIA Rises! Coinbase Leads the Cryptocurrency Stock Market Plunge