US Stock Market Preview: Futures Dip, Awaiting Trump Speech; Gold and Silver Stocks Rise.

US Pre-Market Update: Mixed Movements in Major Indices and Stocks

As of Wednesday pre-market, the three major US stock index futures are slightly down. The Dow futures are down 0.23%, Nasdaq futures are down 0.33%, and S&P 500 futures are down 0.17%.

Notable Movements in Tech Stocks

Star tech stocks show mixed results in pre-market trading.

• Intel (INTC) and Micron Technology (MU) are up over 2%.
• AMD is up nearly 1%.
• Netflix (NFLX) is down over 7%.
• Google-A (GOOGL) is down nearly 1%.

Chinese Stocks Show Strength

Most Chinese stocks are up in pre-market trading:

• Pinduoduo (PDD) is up nearly 6%.
• Bilibili (BILI) is up over 5%.
• Baidu (BIDU) is up nearly 5%.
• Alibaba (BABA) is up nearly 3%.
• JD.com (JD) and TSMC (TSM) are both up over 1%.

Gold and Silver Stocks Surge

Gold and silver stocks are performing strongly, with spot gold briefly surpassing $4888 per ounce, setting a new historical high.

• Hycroft Mining (HYMC) is up over 10%.
• Gold Fields (GFI) is up over 35%.
• Harmony Gold (HMY), Newmont Mining (NEM), and Pan American Silver (PAAS) are all up over 2%.

Netflix's Q1 Guidance Falls Short

Netflix's stock is down over 7% after the company provided a Q1 earnings forecast that fell short of expectations.

• Q4 revenue is expected to be $12.16 billion, slightly below analyst expectations of $12.17 billion.
• Earnings per share are projected at $0.76, below the expected $0.82.

Additionally, Netflix announced a modification to its Warner Bros acquisition agreement, shifting from a cash and stock deal to an all-cash purchase at $27.75 per share.

Baidu's Positive Outlook

Baidu's stock is up over 5% as several major banks express optimism about its Q4 performance. Analysts predict a recovery in revenue growth, supported by strong performance in its AI cloud infrastructure and online advertising business.

United Airlines Reports Strong Q4 Earnings

United Airlines is up 3.5% after announcing optimistic Q4 earnings, with a pre-tax profit of $4.3 billion and an operating cash flow of $8.4 billion.

Kraft Heinz Faces Potential Share Sale

Kraft Heinz is down nearly 6% as Berkshire Hathaway may sell its 27.5% stake in the company, marking a significant divestment from a long-term investment.

Conclusion

The pre-market trading session reflects a mix of optimism and caution among investors, with notable movements in tech, Chinese stocks, and commodities. As earnings reports continue to roll in, market sentiment may shift further.