WEEK OF NOVEMBER 4, 2024
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Important Prices
What’s Moving The Markets?
Big Tech’s AI Spending Surge
Big Tech companies like Microsoft (MSFT), Meta (META), and Amazon (AMZN) are significantly ramping up investments in AI infrastructure, spurring rising costs and pressuring margins, with Wall Street impatient for quicker returns despite the promise of long-term gains.
Investors Seek Election-Inspired Trades
Hedge funds and investors are leveraging “Trump trades,” like bitcoin and yuan positions, as asymmetric bets on a Trump victory, balancing potential high returns against limited losses if Kamala Harris wins, amid a tightening U.S. election race.
Musk’s Ambitious Sales Goal for Tesla
Tesla’s (TSLA) 2025 goal of 30% sales growth, driven by a new affordable model and self-driving software, faces skepticism amid intensifying EV competition, affordability challenges, and Wall Street’s lower growth forecasts, keeping investors vigilant.
Major Companies Rethink China Strategy
Global brands are grappling with declining Chinese consumer demand amid economic challenges, property crises, high youth unemployment, and fierce local competition, prompting diverse strategies from price cuts to scaled-back operations, while awaiting impactful government stimulus.
Intel’s AI Ambitions Face Setbacks Despite
Intel’s (INTC) shares rose 5% after an optimistic revenue forecast, despite disappointing AI chip sales as the company struggled to meet ambitious goals in its AI division, raising investor concerns about Intel’s long-term strategy.
Bitcoin ETFs Reach 1 Million BTC
Bitcoin ETFs have surged to hold over 1 million BTC, driven by record inflows from institutional investors, with BlackRock (BLK) leading the charge as the sector gains popularity and legitimacy amid October’s “Uptober” market enthusiasm.
S&P Outlook
Bear Case: Bears have successfully managed to keep the price below the all-time highs and are now challenging a potential demand zone. Their immediate objective is to breach this zone, with the next target set at 5706. To sustain bearish momentum and encourage further declines, bears aim to maintain control and keep the price below 5840, a critical threshold in their strategy.
Bull Case: Bulls are currently positioned within a possible demand zone that they are actively defending to stabilize the price. To capitalize on upward potential, bulls need to break through and consistently hold above the 5840 mark. Achieving this would allow bulls to drive the market toward further highs, continuing their push for upward momentum.
EARNINGS RELEASE CALENDAR
FOR WEEK OF NOVEMBER 4TH
