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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
📈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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🎙Tim Cook Complained To Trump About Apple's Large Fines In EU
US presidential candidate Donald Trump said Apple CEO Tim Cook called him to discuss the billions of dollars the company was fined by the European Union.
In March EU fined Apple about $2 billion after finding that the iPhone maker used its dominant market position to restrict music streaming apps from informing customers of cheaper offers outside the App Store.
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📈Intuitive Surgical Shares Surge 6% as Q3 Earnings Beat Expectations
The company's glowing Q3 results were spearheaded by installations of 379 Da Vinci surgical system during the quarter, compared to 312 systems over the same period, machines in the same period last year.
The da Vinci surgical system gives surgeon an advanced set of instruments to use in performing robotic-assisted minimally invasive surgery. Surgeon performs surgery with da Vinci by using instruments that he or she guides via a console.
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📱iPhone 16 Sales In China Increased By 20%
iPhone 16 smartphone debuted in September and is still outselling its predecessor. Consumers also continue to purchase more expensive models. Sales of the iPhone 16 Pro and Pro Max models were up 44% compared to last year's models.
Choose your fighter:
🏆 — iOS
😍 — Android
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🔼Netflix Shares Up 10% After Quarterly Report
American streaming service's net income for the third quarter of 2024 increased by almost 50% compared to the same period last year to $2.36 billion. Netflix said it expects more significant subscriber growth during the holidays when korean drama "Squid Game" returns
Friday! Its time for Netflix and...
❤️ — chill
⚡️— trade
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🔼TSMC's Profit Jumped 54% As AI Boom Accelerates
The world's largest semiconductor maker reported net profit of $10.1 billion in three months to September 30. The company makes chips for more than 500 companies, including Nvidia's latest AI processors and chips for the iPhone.
What's your opinion on TSMC?
👍 — fairly priced
🤔 — overpriced
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⚡️Average 30-year Mortgage Rates In USA Rose To Their Highest Level Since Late August 2024.
Even though U.S. mortgage rates are still below this year's peak of 7.22% reached in May, potential home buyers are hesitant right now. About 23% of respondents said they would make a decision based on the results of the country's presidential elections, which will be held on November 5.
What's your dream house?
🏖- house on the beach
🕺- tik-tok house
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⚡️Qualcomm Inc. Will Wait Until After the U.S. Presidential Elections in November Before Deciding Whether To Make A Bid For Intel Corp.
The combination of Qualcomm and Intel, whose products play a key role in digital infrastructure, is likely to attract close attention from antitrust regulators in the United States and around the world. This includes China, a key market for both Qualcomm and Intel.
Should they change the company name for Quintel after this?
🤝 - YES
🙈 - NO
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⚡️Apple Shares Hit All-Time High Amid iPad Mini Presentation
⏺Shares of tech giant Apple reached a new historical record at NASDAQ trading at $237.49 per share. Since the beginning of the year, Apple's shares have increased by 22.5%. Currently, Apple ranks first among the most valuable companies in the world. Its capitalization is at $3.58 trillion.
⏺Apple's current rally comes amid optimism about the new AI-powered iPhone, which went on sale last month. In addition, on Tuesday, October 15, the company introduced a new iPad mini with similar capabilities. Apple has updated the iPad mini for the first time since 2021.
⏺Experts noted that research shows high demand for updates to Apple devices, driven in part by the growing capabilities of artificial intelligence. While demand for the next-generation iPhone appears to have been relatively weak at first, investors continue to be interested in Apple shares as a safe haven amid macroeconomic uncertainty. In the coming quarters, a major device update cycle could become a catalyst for accelerating the growth of the company's shares, experts believe.
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🗓 KEY EARNINGS THIS WEEK
Since the beginning of this season, companies from the SP500 have so far reported earnings growth of an average of 4.1% for 3Q 2024, which is still higher than analysts' forecasts
Tuesday 15.10
⏺Bank of America, Citigroup, UnitedHealth, Goldman Sachs, Johnson&Johnson, Charles Schwab, Interactive Brokers
Wednesday 16.10
⏺Alcoa, Morgan Stanley, CSX
Thursday 17.10
⏺Netflix, Infosys, Interactive Surgical
Friday 18.10
⏺American Express, Proctor&Gamble
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⚡️China's Deflation Problems Are Getting Worse
⏺China's deflationary problems worsened further in September, with consumer prices remaining weak and factory prices continuing to fall. The consumer price index rose 0.4% from a year earlier, although it was only above zero because of a jump in the price of fresh vegetables. Core consumer price index rose 0.1% in September, the weakest since February 2021, while producer prices fell for the 24th straight month.
⏺The figures highlight weakness in domestic demand before policymakers rolled out a slew of stimulus measures in late September to revive the economy. China is facing its longest period of deflation since the 1990s, with economy-wide price headlines falling for five straight quarters through June - a period that is likely to continue until September.
⏺Beijing has cut interest rates and increased support for real estate and equity markets since late September. The Treasury Department on Saturday promised more aid for the troubled real estate sector and debt-ridden local governments. It is expected that through the effective implementation of existing and the launch of new support measures, the confidence and expectations of consumers and manufacturers will increase, and market demand will gradually recover
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⚡️AMD Introduced A New Chip That Will Compete With Nvidia's Blackwell
⏺A new development is graphics processing units for data centers, known as GPUs. Production of the Instinct MI325X, as the chip is called, will begin before the end of 2024. If developers and cloud giants view AMD's AI chips as close replacements for Nvidia's products, it could put pricing pressure on the latter, whose GPUs were in high demand last year.
⏺Advanced generative AI such as OpenAI's ChatGPT requires huge data centers equipped with GPUs to perform the necessary processing, which has led to increased demand for AI chips from more companies.
⏺Nvidia has dominated most of the data center GPU markets over the past few years, but AMD has historically been in second place. Now AMD is aiming to ta inke share from its Silicon Valley rival, or at least grab a larger slice of a market it says will be worth $500 billion by 2028.
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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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✔️Boeing Proposed Increasing Wages For Company Employees By 35%
Boeing and the union representing 33,000 striking workers have reached a preliminary agreement on a new contract with the assistance of White House, increasing the chances of ending the strike that has paralyzed one of the largest US exporters. The company and the union reached an agreement after intervention by the US Secretary of Labor.
What would you prefer?
👍 — working for Boeing
🏆 — trading Boeing stocks
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🎙Tim Cook Complained To Trump About Apple's Large Fines In EU
US presidential candidate Donald Trump said Apple CEO Tim Cook called him to discuss the billions of dollars the company was fined by the European Union.
In March EU fined Apple about $2 billion after finding that the iPhone maker used its dominant market position to restrict music streaming apps from informing customers of cheaper offers outside the App Store.
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⭐️Silver Reached Its Highest Value In Almost 12 Years
The breakthrough comes as gold continues its record rise, setting yet another record. The precious metals market is experiencing unprecedented momentum driven by a combination of geopolitical tensions, economic uncertainty and changing investor sentiment.
The best metal of the year?
🏆 — Silver
🥰 — Metallica
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🚩Trump's Tariffs Are Popular With Voters Harris Needs To Win Over
Vice president must walk a fine line to avoid alienating voters and businesses. Most voters in swing states support universal tariff: poll.
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🥇 Gold Prices Hit New All-time
Highs ($270Today As Uncertainty Surrounding US Presidential Elections And Tensions In Middle East Prompted Investors To Seek Safe-Haven Assets
It is noteworthy that since the beginning of the year, gold has already risen in price by more than 30%, due to the prospects for a further Fed rate cut and ongoing geopolitical uncertainty.
Will Gold Hit $3000 before 2025?
👍 — YES
🤔 — NO
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💵Artificial Intelligence Helped Identify Billions Of Dollars In Fraudulent Activity In One Year
According to CNN, artificial intelligence has helped US Treasury analyze massive amounts of information and identify $1 billion in fraud in 2024 alone. This is almost triple what the Treasury received in the previous year.
Is AI – bro?
👍 – real bro
🙊 – step bro
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📈Orange Juice Prices Are Rising Due To to Hurricane Milton, Which Reduced The Harvest in Florida
Florida is considered the largest state in the United States for growing oranges for juice production. Prices hit a record high in September amid tight global supplies and drought that cut production in Brazil.
What do you prefer?
🍊 - orange juice
🍏 - apple juice
💦 - trader's tears
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⚡️ASML Shares Plunge At Fastest Rate Since 1998 On Weak Results
⏺The Dutch chipmaker cut its forecast for 2025 and reported orders worth just 2.6 billion euros in the third quarter, falling short of the 5.39 billion euro average estimate of analysts polled by the agency. ASML did not provide a detailed explanation for why its orders fell short of expectations, other than delays in plant construction.
⏺The results caused ASML shares to fall 16% in Amsterdam, their biggest drop since June 12, 1998. It also triggered a broad decline in chip stocks, with Nvidia Corp. fell 6.8%, and the benchmark Philadelphia Semiconductor Index fell 4.8%. The weak results were amplified by the company mistakenly releasing its financial results a day ahead of schedule. ASML published the release, which was expected on Wednesday, prematurely “due to a technical error,” it said in a separate statement.
⏺Shares in Europe's most valuable technology company have fallen by a third since hitting a record high in July, hit by the prospect of more U.S. restrictions on its China business as well as broader weakness in the semiconductor sector.
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⚡️LVMH Investors Are Worried About Weak Demand From Chinese Buyers For Luxury Bags
⏺Investors are eagerly awaiting signs that China's new fiscal stimulus may finally lift wealthy and middle-class Chinese shoppers out of their funk, inspiring them to buy $4,300 designer leather handbags ahead of Singles' Day, China's biggest shopping holiday.
⏺Consulting firm Bain previously said global sales of luxury personal goods, including clothing, accessories and beauty products, would grow 4% this year compared with the same period last year, on a flat basis. The global downturn is most pronounced in China as economic uncertainty weighs on middle-class buyers and makes those who can still afford luxury wary of ostentation.
⏺Mistrust among Chinese buyers persists following the downturn in the country's property market. If confidence returns, even slightly, spending on luxury goods in China could become quite significant again. Let us remind you that the world leader in luxury LVMH has in its portfolio brands such as Louis Vuitton, Dior, Tiffany & Co and Sephora.
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⚡️Hedge Funds Are Taking Off Bets Against Brent At The Fastest Pace In 8 Years
⏺Hedge funds were removing bearish bets against Brent crude prices at the fastest pace in nearly eight years as risks of war in the Middle East increased. Money managers cut short bets against Brent by 47,977 lots to 91,222, according to ICE Futures Europe. which was the largest reduction since December 2016.
⏺Israel has not yet decided how to respond to Iran's missile attack last week, according to an official familiar with the situation. Although US President Joe Biden has spoken out against an attack on energy facilities in Iran, the possibility has investors nervous and wary of betting against futures prices.
⏺Overall, speculators increased their bullish bets on Brent and WTI crude oil by 117,227 combined net long positions to 263,135, weekly ICE and CFTC futures and options data showed. This is the most optimistic indicator in 10 weeks. Meanwhile, money managers also increased their Nymex gasoline bets by 13,702 net long positions to 39,464 lots, the most bullish in 20 weeks, CFTC futures and options data showed.
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⚡️China Announced New Economic Stimulus, But Has Not Yet Detailed Its Plan
⏺China has announced new stimulus plans, promising to soon introduce a package of additional fiscal policy measures to support economic development. It is reported that the package includes a significant increase in public debt, measures to support consumers, local authorities, subsidies for the poor, recapitalization of banks, measures to stabilize real estate markets.
⏺However, during Saturday's press conference, specific details of the plan and, most importantly, numbers were not yet announced, which is likely to prolong nervousness in the markets in anticipation of a clearer policy roadmap of the Chinese authorities. China's legislature is expected to meet in the coming weeks to approve additional debt issuance.
⏺A wide range of economic data in recent months has fallen short of forecasts, raising fears among economists and investors that the government's goal of growing the economy by about 5% this year is in jeopardy and that a longer-term structural decline could occur. Data for September, due out next week, is expected to show a further decline, but officials said they were "fully confident" the 2024 target would be met.
⏺New fiscal stimulus was the subject of intense speculation in global financial markets after a September meeting of the Communist Party's Central Committee Politburo signaled a heightened sense of economic urgency.
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