Preview of US Stock Market | The three major stock index futures rose and fell unevenly, while Tesla, Inc. (TSLA.US) surged before the market opened.

1. Pre-market Market Trends On November 18 (Monday), before the US stock market opened, the futures of the three major US stock indexes were mixed. As of the time of writing, the Dow Jones futures fell by 0.40%, the S&P 500 index futures rose by 0.02%, and the Nasdaq futures rose by 0.37%. 2. As of the time of writing, the German DAX index fell by 0.34%, the UK FTSE 100 index rose by 0.13%, the French CAC 40 index fell by 0.28%, and the European Stoxx 50 index fell by 0.60%. 3. As of the time of writing, WTI crude oil rose by 0.52% to $67.27 per barrel. Brent crude oil rose by 0.53% to $71.42 per barrel. Market News Outlook for this week: NVIDIA Corporation (NVDA.US) released stunning earnings, followed by retail giants' earnings reports and real estate data. In the coming week, the market focus will shift from stock market fluctuations to a series of important earnings reports, especially the earnings report of NVIDIA Corporation. Additionally, earnings reports from retail giants Walmart Inc. and Target Corporation will also be watched. Bitcoin price fluctuations will also be a focus of attention for investors. Economic data, such as housing market data and preliminary indexes for manufacturing and services from S&P Global, Inc. will provide early indicators of economic growth. In terms of the Federal Reserve, following comments by Fed Chair Powell on the future path of interest rates last week, speeches by several Fed officials in the coming week will also be a focus of market attention. Powell hinted that the Fed may take a cautious approach to future rate decisions, which will undoubtedly have an important impact on interest rate trends in the market. US stocks can still rise! Prominent bearish investor at Morgan Stanley "switches sides" again: S&P 500 to reach 6,500 points next year. Morgan Stanley strategist Michael Wilson, known for his bearish view on the US stock market in recent years, is optimistic about the outlook for 2025. Wilson predicts that with improving economic growth and further rate cuts by the Fed, the S&P 500 will reach around 6,500 points next year, an 11% increase from the closing point of 5,870 points last Friday. He had previously forecasted the index to be at 5,400 points by mid-2025. Wilson stated, "Valuations in the US stock market are high, but improving macroeconomic conditions in the US, the potential negative impact of future US tariff policies on the economic growth of other regions, and animal spirits will drive the market higher." He also mentioned that the relaxation of regulations by the Trump administration will benefit US companies, despite the unclear impact of other potential policies. "With the Fed cutting rates next year and business cycle indicators continuing to improve, we expect corporate earnings growth to continue to expand." Oppenheimer: This momentum indicator suggests that the upward trend in US stocks will continue into next year. According to Oppenheimer's data, the monthly Relative Strength Index (RSI) indicates that the overall US stock market will not peak until 2025. Ari Wald, a technical analyst at the firm, stated in a report, "Momentum indicators also suggest that the highest risk in the market in the coming months is below average." Wald continued, "Since 1936, the median duration between the first time the S&P 500 index's 14-month RSI reached 70 and the peak of the cycle has been 12 months, with a median return of +19% during this period." "This signal was issued at the end of August." "In addition, out of 18 instances, 15 times (83%) saw a duration of at least 6 months from the peak of the cycle, and 12 times (67%) saw an increase of at least 10% after the peak." Key indicator of corporate earnings drops into negative territory, could put brakes on the strong uptrend in US stocks? Wall Street analysts are quickly lowering their expectations for next year's earnings growth for US companies, which could soon put a halt to the strong upward momentum of the stock market. Compiled data shows that a key indicator called "earnings revision momentum," which measures the up and down changes in the future 12-month earnings expectations for the S&P 500 index, has fallen into negative territory and is hovering near the second worst level of the past year. For most of the past decade, corporate earnings have been the foundation of stock market gains. Against the backdrop of overvaluation and increased positioning caused by this year's gains, deteriorating profit growth prospects could weaken further upside in the S&P 500 index. Gina Martin Adams, Chief Equity Strategist at BI, said that the stock market is "preparing for a reversal." A big question going into 2025 is whether the Fed can continue to ease policy and if the earnings momentum favors lagging companies rather than large tech firms. Unafraid of short-term corrections! Goldman Sachs Group, Inc. bullish on gold: Aiming for $3,000 next year. Goldman Sachs Group, Inc. predicts that with purchases by major central banks and rate cuts in the US, the price of gold will reach record levels next year. Goldman Sachs Group, Inc. ranks gold as one of its preferred commodities trades for 2025 and suggests buying gold. Analysts, including Daan Struyven at Goldman Sachs Group, Inc., stated in their report that gold prices are expected to reach $3,000 per ounce by December 2025. They believe that the structural factors driving this forecast include increased demand from central banks, and as the Fed cuts rates, funds flowing into exchange-traded funds (ETFs) will provide a cyclical boost. Analysts note that escalating trade tensions could boost speculative positions in gold. Additionally, concerns about the sustainability of US finances could also lift gold prices. They point out that major central banks, especially those holding large reserves of US Treasuries, may choose to buy more gold. Bitcoin rebounds from its largest drop since the election. The price of Bitcoin has experienced a significant drop.The fluctuation intensified, rebounding from the biggest two-day drop since the results of the US presidential election were announced, reflecting a change in the assessment of the impact of President-elect Trump's policy agenda. Data shows that Bitcoin dropped by nearly 3% last Saturday and Sunday. As of the time of writing, Bitcoin has risen to just below $92,000, but still below the historical high of around $93,000 set last week.Individual Stock News The Trump administration plans to relax regulations on autonomous driving cars! Tesla, Inc. (TSLA.US) may become the biggest winner. According to sources, the team of US President-elect Trump plans to make "building a federal framework for fully self-driving (FSD) cars" one of the priorities of the US Department of Transportation. Under current federal regulations, companies wishing to deploy cars without steering wheels or brakes face significant obstacles, and Tesla, Inc. is one of them. Although the Department of Transportation can issue rules through the National Highway Traffic Safety Administration (NHTSA) to facilitate the operation of autonomous driving cars, congressional legislation will pave the way for the large-scale adoption of autonomous driving cars. Sources say that a bipartisan legislation currently being discussed will establish federal regulations on autonomous driving cars. If the new regulations make FSD cars possible, then Tesla, Inc.'s CEO and Trump's big donor Musk will directly benefit, as he has bet Tesla, Inc.'s future on autonomous driving and artificial intelligence. As of the time of writing, Tesla, Inc. rose nearly 8% in premarket trading on Monday. NVIDIA Corporation's (NVDA.US) new generation Blackwell chip is delayed again, reportedly due to overheating issues. NVIDIA Corporation's new generation Blackwell processor has overheating issues when installed in large capacity server racks, leading to delays in delivery. Reports indicate that these issues have resulted in design changes and delays, sparking concerns from customers such as Alphabet Inc. Class C, Meta, and Microsoft Corporation about the timely deployment of Blackwell servers. NVIDIA Corporation has instructed its suppliers to make multiple design changes to the racks to address the overheating issues. The company is working closely with its suppliers and partners to modify the engineering design to improve server cooling. Although these adjustments are routine steps in such large-scale technology releases, this further delays the expected shipping date. As of the time of writing, NVIDIA Corporation fell over 2% in premarket trading on Monday. It is rumored that Super Micro Computer, Inc. (SMCI.US) will submit a compliance plan on Monday to avoid delisting risk. Sources revealed that Super Micro Computer, Inc. plans to submit a compliance plan to NASDAQ on Monday to maintain its stock market trading eligibility. Earlier, the company requested an extension to submit the latest quarterly earnings report. Super Micro Computer, Inc. disclosed in a filing to the US Securities and Exchange Commission that its special committee has completed an investigation into preliminary concerns raised by former auditor EY and expects other ongoing work to conclude soon. Additionally, the company stated it needs more time to hire a new accounting firm and prepare the 10-Q for the first quarter of 2025, which will occur after the completion and submission of the 10-K for 2024. The company emphasized in its statement that they intend to take all necessary measures to meet NASDAQ's continued listing requirements as soon as possible. The purpose of this submission plan is to avoid being delisted again and ensure that the company can continue trading on NASDAQ. As of the time of writing, Super Micro Computer, Inc. surged over 12% in premarket trading on Monday. Boeing Company (BA.US) moves forward with layoff plan: issues layoff notices to over 400 employees. It is reported that debt-ridden Boeing Company has issued layoff notices to over 400 members of its professional aviation union as part of a larger-scale layoff plan due to ongoing financial challenges. Last week, members of the SPEEA reportedly received layoff notices, with layoffs expected to take effect officially in mid-January next year. Boeing Company had previously stated in October that it plans to lay off 10% of its workforce, about 17,000 people, over the coming months. The company's CEO Dave Calhoun told employees that the company must "realign the employee levels to fit our financial reality." Halozyme Therapeutics, Inc. (HALO.US) plans to acquire Evotech (EVO.US) for $2.1 billion in cash. Halozyme Therapeutics, Inc. CEO Helen Torley stated that the company plans to finance the acquisition of German company Evotec in cash for 2 billion (approximately $2.1 billion). Halozyme Therapeutics, Inc. is expected to provide funding for the partial acquisition with about $600 million in cash on hand and the remaining in debt. Helen Torley added that the company is negotiating debt financing with potential bank lenders. As of the time of writing, Halozyme Therapeutics, Inc. rose nearly 3% in premarket trading on Monday. Earnings Announcements Tuesday Morning: FinVolution Group Sponsored ADR Class A (FINV.US), Tuya, Inc. Sponsored ADR Class A (TUYA.US) Tuesday Pre-Market: Walmart Inc. (WMT.US), Lowe's Companies, Inc. (LOW.US), Medtronic Plc (MDT.US), Futu Holdings Ltd (FUTU.US), XPeng, Inc. ADR Sponsored Class A (XPEV.US), Vipshop Holdings Ltd (VIPS.US)Censured ADR (VIPS.US), Weibo Corp. Sponsored ADR Class A (WB.US), KINGSOFT CLOUD (KC.US)Je suis dsol, je ne comprends pas.