<h3>Top News in US Stocks</h3>
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On Wednesday, January 31st at 2:00 PM EST (Thursday, February 1st at 2:00 AM Beijing time), the Federal Open Market Committee (FOMC) will announce its interest rate decision for January 2024.
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During a regular press conference at the Chinese Ministry of Foreign Affairs, a reporter asked if China is concerned about any changes in US policies towards China if Donald Trump is re-elected as US President.
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&#34;China always adheres to the principle of non-interference in the internal affairs of other countries and does not interfere in US elections.&#34;
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Novo Nordisk AS reported a 31% year-on-year increase in revenue in 2023, and expects a 16-25% year-on-year increase this year. The sales in the obesity care sector of Novo Nordisk AS increased by 154% in 2023, reaching DKK 41.6 billion, mainly due to a 52% increase in sales of GLP-1 diabetes products.
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Alibaba DAMO Academy has established a new company in Shanghai, which will engage in various AI businesses.
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Hurun Research Institute released the &#34;2023 Hurun Global 500&#34; today, with Apple remaining the most valuable company in the world with a value of CNY 19 trillion, a 12% increase.
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Microsoft ranked second with a value of CNY 18 trillion, a 39% increase, which is the largest increase this year. Alphabet-C ranked third with a growth of 18% to CNY 11 trillion, and Amazon ranked fourth with a growth of 13% to CNY 10 trillion. Chip manufacturer Nvidia's value more than doubled, becoming the fifth company in the world with a value of over USD 1 trillion.
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According to informed sources, media mogul Byron Allen has proposed to acquire all the issued shares of Paramount Global for USD 14.3 billion. The sources said that Allen offered USD 28.58 per share for the voting shares of Paramount, a 50% premium over the recent trading price, and USD 21.53 per share for the non-voting shares.
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The official Weibo account of &#34;League of Legends&#34; announced that starting from February 6th, &#34;League of Legends&#34; Douyin live streaming will be fully open.
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Is ride-hailing prohibited from soliciting passengers in the Pudong Airport area? Shanghai Transportation Bureau: Confirmed.
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Xiaomi's first car, the SU7, will officially enter the Start of Production (SOP) phase in mid to late February and begin mass production. It is reported that the planned production volume for the first month after SOP, which is March, is around 2,000 vehicles, and it is expected to ramp up production capacity by mid-2024, with a production volume of over 10,000 vehicles in July.
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<h3>Pre-market Movement</h3>
In pre-market trading, the three major stock index futures in the US showed mixed movements, while the fear index rose.
<img src="https://pub.pbkrs.com/cms/2024/0/u4oZdBcBArtR8AkSwaA7Y4UdchNH1Fsj.jpg?x-oss-process=style/lg" alt="Image" original-src="https://pub.pbkrs.com/cms/2024/0/u4oZdBcBArtR8AkSwaA7Y4UdchNH1Fsj.jpg"/>
Bitcoin is currently trading at $42,667, down 1.5% in the past 24 hours; Ethereum is currently trading at $2,309, up 0.2% in the past 24 hours.
<img src="https://pub.pbkrs.com/cms/2024/0/pAG9Txj8f11FR7W84zvZPLGBzbXJDrt8.jpg?x-oss-process=style/lg" alt="Image" original-src="https://pub.pbkrs.com/cms/2024/0/pAG9Txj8f11FR7W84zvZPLGBzbXJDrt8.jpg"/>
Tech stocks plummeted before the market opened, with AMD down 7%, Google down over 5%, Nvidia, Tesla, Meta, and Amazon down over 2%, Microsoft down over 1%, and Apple down less than 1%.
Chinese concept stocks also fell, with XPeng down nearly 4%, JD.com, Nio, Bilibili down over 2%, Alibaba, Pinduoduo, Li Auto, NetEase, and Baidu down over 1%.
<h3>Strategy Review</h3>
1. Outlook | Tonight, the Fed's &#34;stand pat&#34; stance is almost certain!
Wall Street believes that the Fed may not send a clear signal of interest rate cuts in this rate decision. In addition, whether the Fed will discuss when to reduce QT and the &#34;major turnover&#34; of FOMC voters are both closely watched by the market.
2. JPMorgan: The similarity between the current situation and the 2000 dot-com bubble is much higher than you think
JPMorgan pointed out that the rise of the US stock market relies on a few super-weighted stocks, which poses significant risks to the stock market in 2024.
3. Could it plummet by 30% again? Why is the US stock market in danger?
Prechter, the wave theory master who accurately predicted the 1987 US stock market crash, believes that the current market conditions in the US stock market are similar to those before the Wall Street stock market crash in 1929. He would not be surprised if there is a 30% pullback. What signs are worth worrying about?
4. Microsoft, Google, AMD! What was discussed in the conference call?
Microsoft's AI, Google dragging down Meta's stock price, AMD's expectations not high enough?
5. Well-known Apple analyst pours cold water before the earnings report: iPhone shipments estimated to decline by 15% YoY this year
Guo Mingxiang stated that among the major global smartphone brands this year, Apple may experience the largest decline.

Tech stocks plummeted before the market opened, with AMD down 7%, Alphabet-C down over 5%, NVIDIA, Tesla, Meta, and Amazon down over 2%, Microsoft down over 1%, and Apple down less than 1%; Chinese concept stock XPENG-W fell nearly 4%, JD.com, Nio, Bilibili fell over 2%, BABA-SWR, Pinduoduo, Li Auto, NetEase, and BIDU-SW fell over 1%.

LB Select

Meta Platforms

Alphabet

Alphabet - C

Microsoft

Apple

Amazon

Tesla

NVIDIA

Netflix

XPeng

Li Auto

JD.com

Bilibili

Alibaba

NetEase

Baidu

BIDU-SWR

XPENG-W

BIDU-SW

Pre-market US stocks | AMD, Alphabet-C lead the decline in technology stocks! Market focus on tonight's Federal Reserve interest rate decision.