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Stock Markets Cool First Time Since Election
Earnings | Apple new device | CPI tomorrow
Welcome Back,
Market Headlines π
US CPI will be reported tomorrow morning, the street expects 2.6% YoY.
US 2y bonds hit its highest level since July as markets brace for CPI tomorrow.
Apple (AAPL) is gearing up to launch a smart home device as early as March.
Coinbase (COIN) launches Coin50 a new benchmark to track performance of crypto assets.
Amazon (AMZN) is stepping up its efforts to create an AI chip to rival Nvidia.
China stock markets disappointed with its latest stimulus discussions.
Earnings πΈ
Shopify (SHOP)
Revenue: $2.16b beats (exp. 2.12b)
Sea Limited (SE)
EPS: $0.24 misses (exp. $0.26)
Revenue: $4.33b beats (exp. 4.08b)
Home Depot (HD)
EPS: $3.78 beats (exp. $3.66)
Revenue: $40.22b beats (exp. 39.29b)
Spotify (SPOT)
EPS: β¬1.45 misses (exp. β¬1.68 )
Revenue: β¬3.99b beats (exp. 4.02b)
Instacart (INSTA)
EPS: $0.42 beats (exp. $0.22)
Revenue: $852m beats (exp. 844.1m)
Cava (CAVA)
EPS: $0.15 beats (exp. $0.11)
Revenue: $243.8m beats (exp. 233.08m)
A note from AI Tool Report π£
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S&P 500 Heatmap π₯
Recap Around the Street π§
US CPI inflation street estimates:
Shopify earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):
Source: @StockMarketNerd
Market Preview ποΈ
Wednesday, November 13th: Consumer price index (CPI); MBA mortgage applications; EIA Crude Oil inventories
Wednesday earnings: Cisco (CSCO), and D-Local (DLO)
Thursday, November 14th: Weekly jobless claims; Price producer index (PPI)
Thursday earnings: Walt Disney (DIS), and JD.com (JD)
Friday, November 15th: NY Fed manufacturing data; Retail sales data
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