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📈 All the latest updates on the Stock Market: signals, news, and everything that might move the narrative — all in one place. 😉 We keep an eye on the price; you can just watch us do it. Buy Ads: @JamesCookTg
Bitcoin reaches a new all-time high of $97,000
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JUST IN: 🇺🇸 President-elect Trump team to consider creating first ever White House crypto role.
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📈Kingsoft Cloud Holdings Up Over 32%, On Track for Largest Percent Increase Since March 2022
• Nov 20
Kingsoft Cloud Holdings Ltd. Sponsored ADR (KC) is currently at $6.10, up $1.51 or 32.79%
• Would be highest close since Aug. 8, 2023, when it closed at $6.18
• On pace for largest percent increase since March 16, 2022, when it rose 72.27%
• Currently up five of the past six days
• Currently up two consecutive days; up 40.44% over this period
• Best two day stretch since the two days ending March 17, 2022, when it rose 63.55%
• Up 121.64% month-to-date
• Up 61.24% year-to-date; on pace for best year on record (Based on available data back to May 8, 2020)
• Down 91.54% from its all-time closing high of $72.06 on Feb. 11, 2021
• Up 27.91% from 52 weeks ago (Nov. 22, 2023), when it closed at $4.77
• Would be a new 52-week closing high
• Up 191.63% from its 52-week closing low of $2.09 on Sept. 6, 2024
• Traded as high as $6.20; highest intraday level since Aug. 10, 2023, when it hit $6.25
• Up 35.08% at today's intraday high; largest intraday percent increase since March 18, 2022, when it rose as much as 45.14%
📈 Health Care Sector Update: Stocks Edge Higher Premarket
Health care stocks are showing positive movement in premarket trading this Wednesday. Key highlights include:
- A steady rise in the sector as investors focus on earnings and market trends.
- Renewed interest in pharmaceutical and biotech firms driving momentum.
The Price of Safety: How Much Does Big Tech Spend on CEO Security?
Ever wondered how much it costs to keep the world’s most influential CEOs safe? A recent analysis reveals that Big Tech giants allocate millions annually to protect their leaders. From Mark Zuckerberg’s $14 million security budget to other tech leaders investing heavily in safety, these figures reflect the growing importance of personal security in an increasingly connected (and exposed) world.
But why are these costs skyrocketing? Think corporate influence, public scrutiny, and heightened global risks. For these companies, ensuring their CEO’s safety is not just a necessity—it’s an investment in their brand and stability.
Dive deeper into the numbers and trends shaping this high-stakes spending at Visual Capitalist.
What do you think—essential precaution or excessive spending?
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JUST IN: 🇺🇸 President-elect Donald Trump nominates pro-Bitcoin Howard Lutnick for Secretary of Commerce.
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President-elect Donald #Trump will attend Tuesday’s launch of the #SpaceX rocket Starship with company CEO Elon Musk.
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Market Update: #Stocks Drop Amid Russia-Ukraine Tensions
Stocks fell as Russia-Ukraine tensions escalated. European equities dropped nearly 1%, and S&P 500 futures dipped 0.4%. Safe-haven assets like gold and the Japanese yen gained. Oil prices fell after Europe’s largest oil field restarted. Bitcoin climbed above $91,000, supported by Trump’s embrace of digital assets.
The market reacted to reports of Ukraine’s first strike on a Russian border region using Western-supplied missiles. President Putin approved an updated nuclear doctrine, expanding conditions for using atomic weapons.
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The US Department of Justice (DOJ) is seeking to push #Google into selling off its #Chrome service, Bloomberg reports.
In addition, the department is reportedly recommending that Google face antitrust requirements related to its Android mobile operating system, as well as AI, according to people familiar with the plans.
If successful, the legal battle could potentially lead to Google experiencing its first major corporate breakup since its inception in 1996.
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JUST IN: Michael Saylor's MicroStrategy to raise $1.75 billion to purchase more Bitcoin.
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JUST IN: Donald Trump’s social media company is in advanced talks to buy #Bakkt, a cryptocurrency trading venue owned by Intercontinental Exchange.
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JUST IN: $BA - Boeing to layoff 2,199 workers in Washington state.
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JUST IN: $3 trillion Goldman Sachs plans to convert its Digital Asset Platform into a blockchain venture for faster trading and settlements.
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🏛 Salesforce CEO Marc Benioff Praises Google's Gemini AI as a "Truly Groundbreaking" Innovation
Marc Benioff, CEO of Salesforce, has expressed his admiration for Google’s new Gemini AI, calling it "truly groundbreaking." His remarks come shortly after he criticized Microsoft’s Copilot, drawing a clear distinction between the two technologies.
While Benioff has previously voiced skepticism about the capabilities of Microsoft’s AI solutions, he appears to see significant potential in Google’s approach with Gemini AI. This public endorsement highlights the growing competition in the AI space, as tech giants like Google and Microsoft battle to establish dominance in generative AI.
💡 Could Google’s Gemini AI be a game-changer for enterprises?
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📉 Stocks of Vaccine Makers Slide Amid RFK Jr.'s HHS Nomination
President-elect Donald Trump’s decision to nominate Robert F. Kennedy Jr., a known vaccine skeptic, as the head of the U.S. Department of Health and Human Services triggered declines in vaccine maker stocks. Major U.S. firms like Pfizer, Eli Lilly, and Novavax, along with international companies such as AstraZeneca and BioNTech, faced drops in share prices. Concerns stem from Kennedy's history of promoting anti-vaccine rhetoric and advocating against corporate influence in health agencies, signaling potential regulatory disruptions ahead.
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JUST IN: Elon Musk accuses billionaire Amazon founder Jeff Bezos of telling investors to sell Tesla and SpaceX stock, claiming Donald Trump would lose the election.
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Bitcoin is now worth more than the Top 3 Global Banks combined:
• Bitcoin: $1.85 trillion
• JPMorgan Chase: $684 billion
• Bank of America: $356 billion
• IC Bank of China: $280 billion
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Michael Saylor's MicroStrategy to raise $2.6 billion, up from $1.75 billion, to purchase more Bitcoin.
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JUST IN: 🇧🇹 39% of Bhutan’s GDP is in Bitcoin, totaling $1.14 billion.
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JUST IN: VanEck officially endorses President-elect Trump's plan to create a strategic Bitcoin reserve.
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JUST IN: Michael Saylor to help streaming platform Rumble purchase Bitcoin.
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#Microsoft and Atom Computing will launch a commercial quantum computer in 2025.
They plan to deliver quantum computers to commercial customers in 2025.
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2025 Market Rally: Beyond #AI
Wall Street strategists are optimistic about the S&P 500's performance in 2025, predicting growth without heavily relying on AI. BMO Capital Markets targets 6,700, and Morgan Stanley targets 6,500 for the S&P 500. The rally is expected to expand beyond tech stocks, with more companies contributing to growth. As the Federal Reserve cuts rates, earnings growth should continue improving. While AI was a major driver in 2023, the market now has a broader base of outperforming stocks. Despite AI's reduced role, strategists believe the market will still perform well, driven by a more diverse range of sectors.
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During 2024, #MicroStrategy accelerated its #Bitcoin purchases. The company is now the largest institutional holder of the digital asset, with 331,200 BTC.
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JUST IN: 🇺🇸 President-elect Donald Trump to meet with #Coinbase CEO Brian Armstrong.
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JUST IN: Billionaire Paul Tudor's hedge fund holds $230 million worth of BlackRock's spot Bitcoin ETF.
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JUST IN: Options trading on BlackRock's spot #Bitcoin ETF could list “as soon as tomorrow” — Nasdaq's Alison Hennessy
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JUST IN: MicroStrategy buys another 51,780 Bitcoin ($4.6 billion).
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Weekly Stock Market Recap: November 11–17, 2024 🗓
S&P 500 Dips Over 2%
• A sharp pullback followed last week’s rally, driven by inflation data and cautious Fed commentary.
• Tesla shares surged by 25%, buoyed by pro-business expectations from the Trump administration.
• A stronger-than-expected jump in consumer confidence signals a brighter holiday spending outlook.
• The Federal Reserve lowered rates to 4.50%-4.75%, boosting market liquidity despite inflation concerns.
• Key reports from Walmart and Snowflake drove mixed reactions across sectors.
• Higher bond yields pressured tech-heavy indices, raising concerns over growth valuations.
📉 Rivian Faces EV Industry Challenges Post-Tax Credit Speculation
Rivian Automotive (NASDAQ: RIVN) faces headwinds following market speculation over EV tax credits. Shares saw a 0.9% decline amid broader concerns that policy changes under President-elect Trump could pressure profitability for automakers reliant on subsidies. Rivian, Ford, and GM are particularly vulnerable, as profitability without incentives remains elusive. Analysts are closely monitoring legislative developments and their implications for the EV sector.
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