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Market Headlines 👀 

• US President elect Trump team mulls over a new role in a first of its kind for a potential White house crypto role.

• Nvidia (NVDA) reported earnings after the bell with a top and bottom beat, initial reactions to the print were stock was down after hours.

• Bitcoin (BTC) cryptocurrency sees record highs crossing $94,000 today.

• SpaceX successfully launched starship into space yesterday from Texas with Donald Trump in attendance for launch.

• Target (TGT) company stock price saw a major dip following a earnings miss, weak demand and lower forecasts for 2025.

• MicroStrategy (MSTR) proposes a notes offering to raise capital to help fund future Bitcoin purchases.

• Ford (F) announces they will be cutting 4,000 jobs in Europe.

Earnings 💸

• Nvidia (NVDA)

  • EPS: $0.81 beats (exp. $0.75)

  • Revenue: $35.1b beats (exp. 33.1b)

• Snowflake (SNOW)

  • EPS: $0.20 beats (exp. $0.15)

  • Revenue: $942m beats (exp. 898.5m)

• Target (TGT)

  • EPS: $1.83 misses (exp. $2.30)

  • Revenue: $25.2b misses (exp. 25.7b)

• Palo Alto Networks (PANW)

  • EPS: $1.56 beats (exp. $1.48)

  • Revenue: $2.14b beats (exp. 2.12b)

  • Company announces a 2×1 stock split.

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

Nvidia earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Snowflake earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️ 

• Thursday, November 21st: Weekly jobless claims; Existing home sales

• Thursday earnings: John Deere (DE), BJs (BJ)and Pinduoduo (PDD)

• Friday, November 22nd: S&P global manufacturing and services PMI; University of Michigan consumer sentiment data

Enjoy reading?👇

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

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