HaiKhuu Weekly Recap & Analysis

October 14 - October 18, 2024


MAJOR EVENTS OF LAST WEEK

Highlights:

  • Dell will begin shipping servers with Nvidia’s new Blackwell AI chips next month

  • Robinhood just announced it’s adding index options to the platform

    • CEO Vlad Tenev just announced Futures are coming to Robinhood

  • Barclays will replace Goldman Sachs as the exclusive issuer of General Motors credit cards in the US

Major Indices’ Weekly Movement:

  • S&P 500:  +0.58%

  • Nasdaq: -0.27%

  • Dow Jones: +1.11%


Monday, October 14

Stock Related News:

  • Starbucks is pulling back on promotions and discounts an early move by new CEO Brian Niccol to reposition and coffee chain after a turbulent year

  • Barclays will replace Goldman Sachs as the exclusive issuer of General Motors credit cards in the US

  • AMD just announced the AMD Alveo UL3422 accelerator card, “the latest addition to its record-breaking family of accelerators1 designed for ultra-low latency electronic trading applications”

  • Fed’s Kashkari:

    • Neutral rate is likely higher now than where it was pre-pandemic

  • Biden administration officials have discussed capping sales of advanced AI chips from Nvidia and other American companies on a country-specific basis

Economic News:

  • No Economic News

Major Indices:

  • S&P 500: +0.82%

  • Nasdaq:  +0.84%

  • Dow Jones: +0.50%


Tuesday, October 15

Stock Related News:

  • Amazon and startup Databricks just signed a 5 year deal that could cut costs for businesses seeking to build their own AI capabilities

    • Databricks will use Amazon’s Trainium AI chips to power a service that helps companies customize an AI model or build their own

  • Dell will begin shipping servers with Nvidia’s new Blackwell AI chips next month

  • SuperMicro said today it expects to begin full scale production of its solutions which include Nvidia’s new Blackwell AI chip to select customers in Q4

  • Global chip stocks shed $420 billion as ASML shock halts rebound

  • Google Cloud:

    • “We’ve been working closely with Nvidia to sustainably build compute infrastructure of the future. “

Economic News:

  • Empire State Manufacturing Survey:

    • (Previous 11.5, Actual -11.9)

Major Indices:

  • S&P 500: -0.78%

  • Nasdaq:  -1.34%

  • Dow Jones: -0.78%


Wednesday, October 16

Stock Related News:

  • Amazon signed 3 new agreements to support development of nuclear energy projects-including enabling construction of several new SMRS

  • Apple debuts new business tools for managing presence across emails, calls and Tap to Pay

  • Robinhood just announced it’s adding index options to the platform

    • CEO Vlad Tenev just announced Futures are coming to Robinhood

Economic News:

  • Import Price Index:

    • (Previous -0.2%, Actual -0.4%)

Major Indices:

  • S&P 500:  +0.43%

  • Nasdaq:  +0.01%

  • Dow Jones:  +0.74%


Thursday, October 17

Stock Related News:

  • Blackstone is planning to list some of its largest investments

    • “We are preparing to take some portfolio companies public..I would say the discussions have gone from theoretical to practical and we are talking about things like timing".”

  • Apple announced today new PayPal and Klarna Integrations for Apple Pay on iOS 18

  • Amazon Web Services says Nvidia Blackwell System will come online early next year

  • Google told employees today that it is moving its team behind the Gemini App into the company’s broader AI subsidiary Deepmind

  • Netflix Earnings:

    • EPS of $5.40 beating expectations of $5.12

    • Revenue of $9.83B beating expectations of $9.77B

    • 5.07M subscribers added last quarter above expectations of 4M

  • Amazon indicates employees can quit if they don’t like its return-to-office mandate

Economic News:

  • Initial Jobless Claims:

    • (Previous 260k, Actual 241k)

  • U.S. Retail Sales:

    • (Previous 0.1%, Actual 0.4%)

Major Indices:

  • S&P 500:   +0.01%

  • Nasdaq: +0.07%

  • Dow Jones:  +0.40%


Friday, October 18

Stock Related News:

  • Apple’s new iPhone series shipments in China jumped 20% in their first three weeks compared to the iPhone 15 models in 2023

  • Amazon indicates employees can quit if they don’t like its return-to-office mandate

Economic News:

  • Housing Starts:

    • (Previous 1.36M, Actual 1.35M)

Major Indices:

  • S&P 500: +0.38%

  • Nasdaq: +0.66%

  • Dow Jones: +0.085%


THE PAST WEEK S&P HEAT MAP & PERFORMANCE


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HaiKhuu Daily Report - 10/21/2024

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HaiKhuu Daily Report - 10/18/2024