Large institutions are bullish, with New Oriental skyrocketing! Tesla's stock price rose over 28%.

Summary: U.S. equity index futures are up, with Tesla's pre-market trading up over 28%; big banks are optimistic, $New Oriental (EDU.US)$ New Oriental is showing strong growth; promising trial data, Moderna rose more than 6%.
On January 18, U.S. equity index futures rose, with Dow futures up 0.05%, Nasdaq futures up 0.05%, and S&P 500 index futures up 0.09%.

Tesla's pre-market trading surged over 28%, after announcing a strategic agreement with Huanggang City, Hubei Province, China, planning to relocate its FF China headquarters to Huanggang.

$Tesla (TSLA.US)$ Tesla continued to rise more than 2% in pre-market trading, with the stock surging more than 7% last Tuesday. The daily sales volume in China increased by 76% year-on-year after the price reduction last week.

Moderna rose more than 6% in pre-market trading after announcing the trial data for its respiratory syncytial virus (RSV) phase III trial, indicating an 84% efficacy in preventing symptoms in the elderly.

BofA Securities released a research report stating that due to the steady business momentum of New Oriental in the second quarter of 2023, it reiterated a buy rating. As of the end of November last year, the group's second fiscal quarter revenue for the fiscal year 2023 decreased by 3% year-on-year to $0.6382 billion, exceeding the upper limit of the guidance by 3%. BofA Securities stated that New Oriental was partially affected by the epidemic in the second quarter, and expects the growth momentum to accelerate after reopening. The non-GAAP operating profit margin for the fiscal year 2023 may recover to above 8%, with potential upside. In addition, measures such as share buybacks that can increase shareholder returns are expected to continue to support its stock price.

$United Airlines (UAL.US)$ Pre-market trading increased by over 2%, Q4 performance, Q1, and full-year 2023 performance guidance all exceeded expectations.

Rio Tinto rose 2% in pre-market trading and raised its annual copper production guidance.

$GDS Holdings (GDS.US)$ Pre-market trading increased by 2%, receiving a nearly 80% increase in target price from Daiwa.