📉 Super Micro Computer Stock Slumps as Pressure Mounts on Compliance
Super Micro Computer’s stock slide continues as concerns about a potential Nasdaq delisting grow.
The company’s delayed 2024 annual report and its auditor EY’s resignation—citing a lack of confidence in management’s financials—have raised red flags for investors.
Recent reports suggest the stock could see further drops if compliance issues aren't resolved by the November 16 deadline.
For more details, check the full story on Investopedia.
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📱 SPOT: Spotify Stock Soars to Record as Revenue Rises 19%, Profits Keep Humming Along
Investors once again play to the tune of profits. And even if those didn’t exceed estimates, Spotify is on track to secure its first full year of profitability.
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🔼Shopify Shares Jump 25% Following Quarterly Report
The Canadian operator of the platform for creating online stores Shopify increased revenue by 26% compared to the same period last year
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💥 Nissan Shares Rose To A 15-Year High
The company announced the purchase of 2.5% of its shares by activist fund Suntera Ltd
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⚠️ South Korea, Taiwan and Vietnam are also at risk of new trade tariffs - GS
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KEY EVENTS NEXT WEEK
⏺Monday, November 11:
Japan Inflation Forecast
⏺Tuesday, November 12:
Germany CPI
⏺Wednesday, November 13:
Japan PPI
US CPI
⏺Thursday, November 14
Eurozone GDP Q3
US PPI
Jerome Powell Speech
⏺Friday, November 15
Japan, UK GDP Q3
China Industrial Production
US Retail Sales
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💵Tesla's Capitalization Exceeded $1 Trillion For The First Time Since April 2022 After Trump's Election Victory
Now Tesla is in the big tech club, whose capitalization exceeds $1 trillion - Nvidia, Apple, Microsoft, Alphabet, Amazon, Meta
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💵Trump's victory netted hedge funds $1.2 billion in bets against renewable energy
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⚠️Nissan Will Cut 9 Thousands Jobs And Reduce Production Capacity By 20%.
The main reason is increasing competition with electric vehicle manufacturers Tesla and BYD
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🔼Moderna Shares Jumped 11% After Quarterly Report
The American biotech company Moderna received $13 million in net profit in the 3rd quarter of 2024 after losses of $3.63 billion a year earlier for the same period.
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⚠️Trump's Victory Increases Risks For Bank Of Japan, Because Yen Resumes Its Decline
The likelihood of a rate hike by Bank of Japan in December may increase if the yen continues to fall
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💵USD showed a record growth since 2016 after Donald Trump election victory
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🔔Swedish payments company Klarna Group has filed for IPO in the US
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🔽AbbVie Shares Plummet After Failed Trial Of Drug To Treat Schizophrenia
The company fell 12% as two trials of the drug emraclidine failed to show statistically significant improvement on a scale used to measure the severity of mental illness symptoms
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ℹ️Tesla shares, BTC and USD - the most popular ideas after Trump win
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📌 Bezos Sold Another Amazon Shares
Company CEO $1.23 billion worth of shares were sold last week. Amazon shares hit all-time highs after Trump wins
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🔴Elon Musk supports a plan that would allow the president to intervene in the Fed.
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🗓 US Corporate Earnings Season Continues
So far, 91% of S&P 500 companies have reported. Of these, 75% beat EPS expectations, below the 5-year average of 77% but in line with the 10-year average of 75%.
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📈Last week S&P 500 surpassed the 6,000 level for the first time in history, up +46% in 13 months
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🔼Sony's Operating Profit Rose 73% For The Quarter
Sony raised its full-year sales forecast and posted operating profit that beat analysts' expectations after a strong quarter for its gaming business.
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⚡️World food prices hit their highest level in 18 months in October - Bloomberg
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🗣️ Both Gold and Bitcoin Should Benefit from a Second Donald Trump Presidency - JPMorgan
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⚡️US Fed Cut Rates By 0.25% To 4.50%-4.75% In Line With Forecasts
It came after 0.50% cut in September
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⚠️Trump's Threat To Impose 60% Tariffs On Chinese Imports Into The US Poses Serious Risks For China
Tariff rates are much higher than the 7.5–25% during his first term, and the economy is in a much more vulnerable position
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📈 Dow, Nasdaq, S&P 500 soar to records after Trump's election victory
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🔽Super Micro falls 23% after earnings, shares already hit lowest since May 2023
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