⚡️Nvidia Shares Have More Than Doubled The Decline of 128 SP500 Stocks This Year
The company accounts for $2.2 trillion of the $9.3 trillion in SP500 capitalization growth this year
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🔼Palladium Price Increased By 10% And For The First Time In Ten Months Reached $1170/ounce
Market participants reacted to the US proposal to limit the export of palladium from Russia, which is the largest producer.
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📈Magnificent Seven index rises to highest since July, helped by 20% rally in Tesla shares
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📉South Korean consumer electronics giant LG Electronics' net profit fell sharply in Q3 due to rising logistics costs and higher raw material prices
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⚡️Keurig Dr Pepper to Buy Energy-Drink Maker Ghost for Over $1 Billion
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💥Tesla Delivers Impressive Quarter And Sets Bold Plans For 2025
The results show that the first-half contraction is easing as demand recovers. Following the report, shares rose 12% in post-market trading on Wednesday.
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🔼Spirit Airlines jumped 35% after The Wall Street Journal reported Frontier Airlines was exploring a renewed bid for the struggling carrier.
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🔼Coca-Cola Increased Quarterly Sales And Improved Forecast
Coca-Cola Co. said consumers continue to pay the higher prices that have supported the company in recent quarters, with a key sales metric rising in the third quarter
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🔔JPMorgan Sees Strong Stock Growth Ahead
JPMorgan strategists disagree with Goldman's forecast and expect an average return of 6.7% for US large-cap stocks over the next 10-15 years.
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⚡️Hedge funds are long VIX futures for the first time since 2019
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🔽Goldman Sachs Forecasts Euro To Fall 10% Due To Trump Tariffs And Tax Break
In a scenario in which Donald Trump would impose large-scale tariffs and cut domestic taxes (if he wins the US presidential election on November 5th)
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📈Nvidia shares updated their ATH and reached a capitalization of $3.5 trillion, which only Apple had previously achieved.
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🛢Global oil demand may experience a prolonged plateau, but a sharp decline is unlikely - Aramco CEO
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🔽US consumers are planning shorter trips for the winter holidays and booking cheaper accommodations due to inflation
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⚡️Berkshire Hathaway Lifts Stake in Sirius XM After Malone Deal
Berkshire Hathaway now has a stake of about 32.5% in Sirius XM’s publicly traded stock, having become the top holder last month. That change came as billionaire John Malone’s Liberty Media split off its 83% stake and combined it with its separate tracking shares in the broadcaster.
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⚠️Hedge funds actively sold Chinese stocks and bought US stocks in October ahead of the US elections - GS
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💥Trump is considering eliminating income taxes for all Americans - NYT
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⚡️Average US 30-year Mortgage Rates Rise For Four Weeks In A Row
Average interest rate on 30-year home loans increased 10 basis points last week to 6.54%. At the current average, monthly payments on a $600,000 mortgage would be approximately $3,808.
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💵October Will Be The Best Month In 2 Years For US Dollar
Dollar's rise this month comes largely as markets increasingly bet on Trump winning the US presidential election
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📈Hermes Continues To Outshine Rivals With Q3 Sales Up 11.3%
Birkin bag maker Hermes reported on Thursday a hefty rise in third-quarter sales, continuing to outshine rivals hit hard by a downturn in China as its luxury handbags lure wealthy shoppers.
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⚠️Bond Market Is Seeing A Sell-off After Traders' Erroneous Forecasts About The Fed's Actions
Against the backdrop of a possible Republican victory and strong economic data in the US, the likelihood of a rate cut may be overestimated.
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📉Starbucks Fell After Missing Analysts Estimates And Suspending Guidance For Its Next Fiscal Year
The coffee chain said same-store sales fell 7% from a year earlier, and revenue declined 3% to $9.1 billion. The results were primarily driven by softness in North America’s revenues in the quarter.
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💥 Tokyo Metro shares surge 45% after Japan's biggest IPO in six years
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⚡️For the first time since August, Donald Trump has overtaken Kamala Harris in The Economist's statistical model of the US presidential election
The latest forecast shows Mr Trump has a 54% chance of returning to the White House
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📉IMF Lowered Its Forecast For China's GDP Growth To 4.8% In 2024
IMF: China's economic stimulus measures announced by the People's Bank of China are insufficient to significantly increase growth rates
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⚠️Elon Musk Warned US About The Threat Of Bankruptcy
Musk announced the imminent bankruptcy of his country if America does not reduce government spending
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⚠️US Government Bonds Continue To Fall
October BofA survey showed that global managers are selling government bonds at a record pace
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❗️The S&P500's decade of explosive growth is over. We expect the index to grow at a rate of 3% per year in the next decade - GS strategist
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⚠️In 2024 China will account for less than half of global steel consumption for the first time in 6 years
Steel consumption in the largest market continues to decline for the fourth year in a row, to 869 million tonnes in 2024, while demand in the rest of the world will grow by 1.2% to 882 million tonnes. And in 2025, China's share will decline even further.
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🗓 Corporate Earnings Season Is Gaining Momentum In US
So far, 14% of SP500 companies have reported. Of these, 79% beat EPS expectations, above the 5-year average of 77%, and above the 10-year average of 74%. Collectively, companies are reporting earnings an average of 6.1% ahead of forecasts this season, below the 5-year average of 8.5% and below the 10-year average of 6.8%.
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