<h3>U.S. Stock News</h3>
<ol>
<li>A reporter asked that, according to reports, during his visit to China, Blinken will clearly express to Chinese officials that the United States and its allies are increasingly dissatisfied with China's continuous provision of key technologies and products such as chips, cruise missiles, and engines to Russia to support its industrial reconstruction. Although Blinken did not specify what measures the United States intends to take, sources revealed that the United States is considering imposing sanctions on Chinese financial institutions and other entities. What is the spokesperson's comment on this?</li>
</ol>
Chinese Foreign Ministry spokesperson Wang Wenbin said that while the U.S. is enacting a large-scale aid to Ukraine bill, it is baselessly accusing China and Russia of normal economic and trade exchanges, which is extremely hypocritical and irresponsible. China firmly opposes this.
<ol>
<li>
Xiaomi's founder, Chairman, and CEO Lei Jun stated at the Xiaomi Group Investor Conference that the expected gross margin of Xiaomi SU7 will be around 5%-10%; as of April 20th, Xiaomi has received orders for over 70,000 vehicles, with a full-year delivery target of 100,000 vehicles in 2024.
</li>
<li>
Taobao announced the launch of a billion-yuan subsidy campaign, which will officially start at 8:00 pm on April 23rd, offering an additional 30% discount on top of the already low prices across the platform. Among them, the &#34;Apple Family Pack&#34; (iPhone 15, iPad 9, Apple Watch S9, AirPods 3) is priced at only 8888 yuan. This campaign will last until April 28th.
</li>
<li>
It was reported that Nio's offline sales stores are offering a 5000 yuan subsidy to consumers who have ordered Xiaomi SU7. A Nio salesperson clarified that while the stores have indeed launched such an activity, it is not aimed at all customers who have ordered Xiaomi SU7. &#34;This subsidy is for those who have placed orders for Xiaomi cars and cannot get a refund. If these users switch to buying Nio products, we will compensate them with 5000 yuan.&#34;
</li>
<li>
According to Counterpoint data, Apple's iPhone sales in China dropped by 19% in the first quarter.
</li>
<li>
JD Sports has agreed to acquire Hibbett Sports for $87.50 per share in cash, according to Bloomberg.
</li>
<li>
According to the &#34;Korean Economic Daily,&#34; Alibaba is in talks with the operator of the South Korean fashion platform ABLY and may invest 100 billion Korean won.
</li>
<li>
Tencent Cloud announced that Tencent's collaborative SaaS products such as WeCom, Tencent Meeting, Tencent Docs, Tencent LeXiang, Tencent E-signature, Tencent Questionnaire, TAPD, and Tencent Cloud AI Code Assistant have all been integrated into Tencent's mixed-element model.
</li>
</ol>
<h3>Pre-Market Movers</h3>
In pre-market trading, the three major stock index futures in the U.S. are slightly up, while the fear index is down.
<img src="https://pub.pbkrs.com/cms/2024/0/4hpq8QnMhtTvUYX44ZahdUtHyNoGgzHM.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/4hpq8QnMhtTvUYX44ZahdUtHyNoGgzHM.jpg"/>
Bitcoin is currently trading at $66,053, up slightly in the past 24 hours; Ethereum is trading at $3,164, down over 1% in the past 24 hours.
<img src="https://pub.pbkrs.com/cms/2024/0/eargR6QxJDt51PDRqzKLHMrh1oAoxFjm.jpg?x-oss-process=style/lg" alt="" original-src="https://pub.pbkrs.com/cms/2024/0/eargR6QxJDt51PDRqzKLHMrh1oAoxFjm.jpg"/>
Chinese concept stocks and technology stocks are generally up, while cryptocurrency concept stocks are down.
Nvidia and Meta are up over 1%, AMD and Tesla are rising, and Apple is slightly down.
Pinduoduo and Nio are up over 1%, Alibaba, JD.com, and Baidu are up nearly 1%, XPeng and Li Auto are up, NetEase is down over 1%, and Bilibili is down over 2%.
Microstrategy, Marathon Digital, and Coinbase are all down.
In terms of individual stocks, Cidara Therapeutics is up nearly 12%, with Q4 losses narrowing.
Financial technology company Oportun briefly rose by 17%, with Q1 revenue exceeding expectations.
Novartis Pharma is up over 5%, with Q1 performance exceeding expectations and raising full-year guidance.
<h3>Strategy Review</h3>
1. S&amp;P 500 has fallen for six consecutive days, can the market still be good?
Deutsche Bank stated that historically, the median performance of the S&amp;P 500 within one month after a six-day decline is +3.5%.
2. Why are earnings season results good, but the S&amp;P is still falling?
Investor doubts about company profitability and concerns about future growth prospects are the main reasons for selling! During this earnings season, stocks that exceeded expectations on average only rose by 0.8% the next day, below the historical level of 0.9%; while stocks that performed below expectations fell by an average of 5.8%, significantly exceeding the average decline of 3.1% over the past 5 years.
3. Is there a major change in direction? Tesla shareholders prepare for the worst performance in seven years
Since the beginning of this year, Tesla's stock price has been continuously declining, with poor sales data. The market seems to have already digested the disappointing expectations for the company's first-quarter report and is now focusing on a new issue - how will Tesla position itself: as a large electric vehicle manufacturer or as a small supplier focused on autonomous driving technology?
4. ETF for stocks that &#34;won't fall&#34; is about to be listed
This ETF product, known as &#34;structural protection,&#34; claims to allow investors to achieve substantial returns in the stock market while completely avoiding downside risks. Are investors' dreams coming true?
5. Apple receives bullish calls ahead of earnings: BofA lists it as the top stock for 2024!
Apple is scheduled to release its second-quarter earnings next week, and Bank of America is generally optimistic about Apple's prospects, believing that &#34;service revenue growth and profit margins will remain strong.&#34; However, Bank of America warns that &#34;weak demand environment and potential guidance downgrade could impact stock price pullback.&#34;

Nvidia, Meta rose more than 1% in pre-market trading, AMD, Tesla rose, Apple slightly down. Pinduoduo, Nio rose more than 1%, Alibaba, JD.com, Baidu rose nearly 1%, XPeng, Li Auto rose, NetEase fell more than 1%, Bilibili fell more than 2%. Microstrategy, Marathon Digital, Coinbase all fell

LB Select

Meta Platforms

Alphabet

Alphabet - C

Microsoft

Apple

Amazon

Tesla

NVIDIA

Netflix

Alibaba

JD.com

Baidu

XPeng

Li Auto

NetEase

Bilibili

Strategy

Mara

Coinbase

Cidara Therap

NOVARTIS AG

Oportun Financial

Pre-market trading in US stocks: Nvidia, Pinduoduo, Nio lead gains! Market focuses on Tesla's post-market performance