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Together with Carbon Finance:

Market Headlines 👀 

• Black Friday generated $9.8b in online sales setting a record and a 7.5% YoY increase in spending (US only numbers).

• US new home sales drop -5.6% for the month of October and are now at 679k annualized.

• Reddit is weighing plans for a US IPO in Q1 2024.

• Apple (AAPL) Iphone maker Foxconn to invest $1.5b to expand operations in India as it looks to build beyond China.

• Saudi Arabia is urging OPEC+ to cut its Oil quota, but some nations are wavering.

Earnings 💸

• Zscaler (ZS)

  • EPS: $0.67 beats (exp. $0.49)

  • Revenue: $496.7m beats (exp. $473.4m)

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S&P 500 Heatmap

Recap Around the Street 🧠

On an inflation adjusted basis, wage rates have barely kept up with post pandemic inflation. However for those desiring prices revert back to their pre-pandemic levels, would they want their wages to revert back as well?(Contributed by Benjamin Lavine, CIO at Freedom Investment Management (3D)).

How your grocery bill has changed since pre-pandemic:

Market Preview 🎞️

• Tuesday, November 28th: Conference board consumer confidence; Richmond fed manufacturing index and business conditions; Dallas Fed services activity

• Tuesday earnings: Crowdstrike (CRWD), Workday (WDAY), Pinduoduo (PDD),and Splunk (SPLK)

• Wednesday, November 29th: MBA mortgage applications; Q3 second GDP print; Fed beige book

• Wednesday earnings: Snowflake (SNOW), Salesforce (CRM), Foot Locker (FL), and Okta (OKTA)

• Thursday, November 30th: Weekly jobless claims; Personal income/spending (PCE); Pending home sales

• Thursday earnings: Marvell (MRVL), Ulta Beauty (ULTA), UiPath (PATH) and PagerDuty (PD)

• Friday, December 1st: S&P global US manufacturing PMI; construction spending; ISM manufacturing

• —> Podcast spotlight: Pounding the Table 👊 : listen now; where you will find in-depth analysis around these highlights, read company deep dives, and interviews with public CEO's!

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That’s all for today, folks! We’ll be back around the same time Thursday with a curated list of important news, economic data and market highlights. 

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