Hourly Briefing | 2026-08-24 19:00 CST
XPeng Q2 revenue missed, Q3 guidance far below market, premarket down ~2%; PDD Q2 revenue of 112.4B yuan below estimates, premarket fell 5% then turned up 1%; Morgan Stanley warns oil spike is the biggest risk to US stocks, recommends adding energy hedges.
π Market Snapshot
- Spot Gold (XAUUSD): 4642.66, +0.86% (intraday high 4659.93)
- WTI Crude (USOIL): 84.94, -1.59% (reversed from overnight high of 86.12)
π₯ Key News This Hour
- XPeng (XPEV) earnings missed: Q2 revenue 19.7B yuan, Q3 guidance 21.7-23.4B well below market estimate of 27.26B, premarket down ~2%; H1 net loss widened to 3.12B
- PDD (PDD.O) Q2 revenue 112.4B yuan, below market estimate of 115.2B, premarket fell 5% then turned up 1%
- Morgan Stanley (Wilson) warns: another oil spike is the biggest risk to US stocks, recommends adding energy stocks as hedges
- IEA: even if the Strait of Hormuz reopens, the global energy landscape will not return to what it was
- Wells Fargo raised Marvell (MRVL) target to $310 from $240
- India lifted its wheat export ban, easing global supply pressure
π§ Situation Assessment
Oil spiked then reversed, WTI met resistance above 86, geopolitics premium partially unwound.
Morgan Stanley ranks oil as the top risk for US stocks, giving energy a hedging-logic tailwind.
China ADR earnings season opens: XPEV guidance far below estimates, PDD revenue missed, premarket sentiment soft.
Gold holds above 4600, safe-haven and dollar factors intertwined, strength continues.
β° Upcoming Key Data
More China ADR earnings tonight during US premarket/after-hours; watch upcoming corporate results and market tone.