🏎 Tesla Stock Rebounds Amid EV Tax Credit Debate
Tesla's stock recovered slightly on Friday, up 0.6% in premarket trading at $312.94, after a sharp 5.8% drop on Thursday. The market is reacting to reports that President-elect Donald Trump plans to reduce or eliminate EV tax credits, which make Tesla and other electric vehicles more affordable for buyers.
Wall Street analysts are divided:
• Wedbush’s Dan Ives views this as a potential long-term advantage for Tesla, given its global scale and cost structure. He maintains a *Buy* rating with a $400 price target.
• Gary Black of Future Fund ETF, however, warns that losing the credit could hurt Tesla's profit margins, as seen with past price cuts.
• Wells Fargo’s Colin Langan argues the repeal would negatively impact all automakers, especially those like GM and Ford, which have yet to turn a profit on EVs.
🇺🇸 Trump’s Win Sparks Optimism for Digital Assets
With Donald Trump back in office, digital asset markets are feeling a renewed sense of optimism.
Analysts suggest that Trump's deregulatory approach could provide a friendlier environment for crypto and digital assets, potentially leading to greater innovation and investment in the sector.
As discussions begin on how Trump’s policies might shape the future of digital finance, investors are watching closely to see how his administration could impact crypto-friendly regulations and foster growth.
Click Here for more details.
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📉 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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📈Quantum Computing to Raise $40 Million in Direct Offering
Quantum Computing QUBT said late Thursday it has agreed to a registered direct offering of 16 million shares of common stock at $2.50 per share for gross proceeds of $40 million.
The offering is expected to close Nov. 18.
The company said it intends to use net proceeds to pay down debt and for general corporate purposes.
Quantum Computing shares were down more than 24% in premarket activity Friday.
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🇺🇦 Ukraine Bonds and Trump Victory: Investor Sentiment Shifts
Ukraine’s bond markets are seeing renewed interest as the country makes strides toward economic stability despite ongoing challenges. Investors are cautiously optimistic, eyeing the potential for growth in Ukraine’s post-conflict recovery. Meanwhile, Donald Trump’s recent electoral victory is adding another layer to market dynamics, as analysts consider how his policies could influence global financial stability and international investments, including emerging markets like Ukraine.
For more details, visit Financial Times.
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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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