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Market News

Location American Market News for 1 November 2023
At the midpoint of Qualcomm's guidance, revenue will grow slightly during the current quarter compared to last year.
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Fed Pause Helps Treasury Yields Retreat and Stocks Climb

Wall Street Journal - 1 Nov 2023 22:46
Facebook-owner Meta and chip-maker Nvidia posted big gains.
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Etsy released third-quarter earnings after the bell Wednesday .
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Airbnb reported third-quarter results after the bell, beating analyst revenue and total bookings consensus estimates but offering weaker-than-expected guidance.
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Match Group shares plummeted Wednesday after the company released its third-quarter earnings Tuesday.
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Court Sends Stock-Buyback Rule Back to SEC

Wall Street Journal - 1 Nov 2023 21:06
A conservative appeals court dealt a setback to the Securities and Exchange Commission's plan to give investors more information about stock buybacks.
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Six Flags, Cedar Fair Near Merger Deal

Wall Street Journal - 1 Nov 2023 20:59
An agreement between two of the largest regional theme-park chains in the U.S. could be unveiled this week.
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Americans Can Stick More Cash in Their 401(k)s Next Year

Wall Street Journal - 1 Nov 2023 20:47
Most workers will be able to put up to $23,000 into their 401(k)s and similar workplace retirement plans and up to $7,000 into an individual retirement account, the IRS said.
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Why Options Traders Are Targeting Generac Stock Generac Holdings (GNRC) is seeing a post-earnings options surge, after the company posted upbeat third-quarter results on strong demand for power backup equipment.
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Permanent Inflation (Written With AI)

Forbes - 1 Nov 2023 19:04
Permanent Inflation (Written With AI) A dollar a day was the typical wage when the railroads were being built.
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Sebi embarks on simplification of regulations but more needs to be done A centralised monitoring mechanism for rumour verification may be considered.
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How Trigger SIPs can affect your investment strategy These may not be as effective unless the incremental capital invested is significant enough.
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Dow Stocks To Trade In November

Forbes - 1 Nov 2023 18:02
Dow Stocks To Trade In November The market is due to rally through yearend. These stock selections are due to outperform the indices on both the long and short side.
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Chip Makers' PC Boost Not Built to Last

Wall Street Journal - 1 Nov 2023 17:36
Intel and AMD are counting on AI-enabled PCs to revive the market, while Nvidia sucks up data-center budgets.
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The Musk Versus Twitter of Trucking Mergers

Wall Street Journal - 1 Nov 2023 17:24
Forward Air wants to get out of a controversial merger deal it signed with Omni Logistics. Just as it happened for Elon Musk with Twitter, a happy ending seems unlikely.
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Prosecutor Says Sam Bankman-Fried Stole Money, Lied to Jurors

Wall Street Journal - 1 Nov 2023 17:16
Prosecutors began their final pitch to the jury that will decide the fate of Sam Bankman-Fried by highlighting the thousands of people who lost billions in the collapse of crypto exchange FTX.
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Arista Networks Stock Gains 14% To Hit Record High ANET stock popped on Tuesday as Oracle (ORCL) emerged as a new customer.
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Is Procter & Gamble Stock Fully Valued At $150? The company reported revenue of $21.9 billion and adjusted earnings of $1.83 per share, higher than the consensus estimates of $21.6 billion and $1.70, respectively.
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An Ally In AI: How Industrials Are Leveraging Tech To Meet Sustainability Targets For the global energy and industrial complex producing sustainably is a vexing question. AI and advanced analytics may provide the answer, according to AVEVA.
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Should You Pick Colgate-Palmolive Stock After A Q3 Beat And 4% Gains This Month? Colgate-Palmolive (NYSE: CL) recently reported its Q3 results, with revenues and earnings beating the street estimates.
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Online-trading startup Kalshi is suing the Commodity Futures Trading Commission after the regulator blocked its plan to let people bet on U.S. elections.
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Buy Now Suffer Later Part II

Forbes - 1 Nov 2023 15:20
Buy Now Suffer Later Part II The YTD increase in stock price, along with the business' deterioration, makes this stock look increasingly overvalued.
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