📈 Historic rally

S&P’s historic 8.9% rally, biggest blowout in bonds since 1980’s, Tesla Cybertruck delivery event ($60,990 base price), India overtakes China as Asia’s growth driver, and Lego heir sells $930 million of shares in family firm...

December 01, 2023

☕️ Good Morning.

The Fast Five → S&P’s historic 8.9% rally, biggest blowout in bonds since 1980’s, Tesla Cybertruck delivery event ($60,990 base price), India overtakes China as Asia’s growth driver, and Lego heir sells $930 million of shares in family firm…

Here’s your 5-minute briefing for Friday:

BEFORE THE OPEN

As of market close 11/30/2023.

MARKETS

  • US stocks mostly rose after positive PCE inflation data

    • The Dow led indices with a 1.47% gain, while the Nasdaq fell 0.23%

  • European stocks rose after eurozone inflation fell to 2.4%, which was below expectations

EARNINGS

  • Dell reported Q3 revenue that declined more than expected due to continued sluggish corporate demand for personal computers (Read More)

  • Kroger beat Q3 earnings expectations but cut its full-year same-store sales guidance due to food-at-home disinflation and economic pressure (Read More)

  • Ulta Beauty shares rose ~10% after beating Q3 earnings and revenue expectations and raising its full-year earnings and revenue expectations (Read More)

  • What we're watching this week:

    • Today: Bank of Montreal

  • Full calendar here

NEWS BRIEFING

Index gained 8.9% this month, second-best November since 1980. Opportunity remains ‘for traders to chase gains in December.

With dubstep as the soundtrack and neon lighting as the backdrop, Elon Musk handed the first Cybertrucks over to a select group of customers.

  • Sam Altman returns to OpenAI with more influence than ever before (Read More)

  • Move aside, China. India will drive Asia’s growth in the next few years, S&P Global says (Read More)

  • Vanguard’s biggest bond ETF becomes first to break $100B (Read More)

  • OPEC+ agrees to deepen voluntary oil output cuts (Read More)

  • Google pushes for antitrust action against Microsoft in UK cloud market (Read More)

  • Cathie Wood clocks in best month ever despite waning fanbase (Read More)

  • Lego Heir sells $930 million of shares in toymaker's family firm (Read More)

  • Tiger Global’s biggest venture fund has 18% loss after markdowns (Read More)

  • After Musk tirade, X faces prospect of more advertisers fleeing (Read More)

  • Nelson Peltz launches fresh proxy fight against Disney (Read More)

  • Citadel and its peers are piling into the same trades, and regulators are taking notice (Read More)

  • PG&E’s $2B convertible bond shows revival in full swing (Read More)

  • Bari Weiss’s surging news startup lures readers miffed at media coverage of Israel (Read More)

  • TikTok CEO challenged by tech leaders on pro-Palestine posts (Read More)

  • Novo Nordisk sues two pharmacies for allegedly selling tainted Wegovy, Ozempic knockoffs (Read More)

  • Consumers pulled back on spending, inflation eased in October (Read More)

CRYPTO

  • Coinbase’s stock rallied 60%+ in same month that FTX and Binance founders brace for prison (Read More)

  • Michael Saylor’s MicroStrategy acquired another $593M of Bitcoin; MicroStrategy’s Bitcoin holdings are now worth ~$6.5B (Read More)

  • The Philippines' SEC began the process of blocking access to Binance (Read More)

BULLISH BITES

😬 Oof: People are absolutely roasting Sports Illustrated's ridiculous excuse for Its AI-generated articles.

🔮 Million $ question: ChatGPT is winning the future — but what future is that?

📅 Updated: 2023 and 2024 federal income tax brackets—how much will you pay?

🤑 Ya think? A $16 McDonald's meal shows how the economy will be the battleground for the 2024 presidential election.

FEATURED TRADES

Portfolio Restructuring Opportunity in $CCIF

Carlyle Credit Income Fund is a close ended fixed income mutual fund launched and managed by Vertical Capital Asset Management, LLC.

Ticker: $CCIF | Price: $7.72 | Price Target: $9.81 (+27%) | Timeframe: 1 year

🏦 Fixed Income Fund | 💰 16% Dividend | 🚨 Event Driven | 📈 Bullish Idea

Read the full article here. Read time: 4 min

DAILY SHARES

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