HaiKhuu Weekly Recap & Analysis
November 13 - November 17, 2023
MAJOR EVENTS OF LAST WEEK
Major Indices’ Weekly Movement:
S&P 500: +2.62%
Nasdaq: +2.45%
Dow Jones: +2.07%
Highlights:
Consumer Price Index (CPI):
CPI YoY Actual 3.2% (Forecast 3.3%, Previous 3.7%)
CPI MoM 0% (Forecast 0.1%, Previous 0.4%)
OpenAI announced that its CEO, Sam Altman, will be stepping down
Warren Buffett and Berkshire Hathaway updated their stock portfolio
President Joe Biden signed a stopgap spending bill to prevent a government shutdown
DAILY EVENT BREAKDOWN
Monday, November 13
Stock Related News:
Nvidia announced it has "supercharged the world’s leading AI computing platform with the introduction of the NVIDIA HGX H200"
Stellantis (STLA) is preparing to offer a new round of buyouts to roughly half of its U.S. white-collar employees
The CBOE announced it will launch a margined Bitcoin and Ethereum Futures in January 2024
UK-based petrol station EG Group is set to acquire ultra-fast charging units from Tesla
Boeing (BA) received a $52 Billion Emirates order for 95 planes
Amazon cut more than 180 jobs in gaming division
Economic News:
NY Fed Data:
1-Year Inflation Expectations 3.57% (Previous 3.67%)
October 3-year ahead expected inflation steady at 3%
October 5-year ahead expected inflation at 2.7% vs September’s 2.8%
October year ahead home price expected rise unchanged at 3%
Major Indices:
S&P 500: -0.10%
Nasdaq: -0.31%
Dow Jones: +0.16%
Tuesday, November 14
Stock Related News:
Uber is launching a pilot program for a TaskRabbit-like service that will let app users hire people to complete various household tasks
Amazon reached a deal with Snapchat that will let people buy Amazon products directly from ads on Snapchat
Disney's sportsbook "ESPN BET" launched in multiple states
Economic News:
Consumer Price Index (CPI):
CPI YoY Actual 3.2% (Forecast 3.3%, Previous 3.7%)
CPI MoM 0% (Forecast 0.1%, Previous 0.4%)
Core CPI YoY 4% (Forecast 4.1%, Previous 4.1%)
Core CPI MoM 0.2% (Forecast 0.3%, Previous 0.3%)
Major Indices:
S&P 500: +1.94%
Nasdaq: +2.15%
Dow Jones: +1.41%
Wednesday, November 15
Stock Related News:
Elon Musk-owned SpaceX is discussing an IPO for its fast-growing Starlink satellite business as soon as late 2024
Warren Buffett and Berkshire Hathaway updated their stock portfolio
Most notably, it sold its holdings in General Motors, Johnson & Johnson, Procter & Gamble, and reduced its stake in Amazon
General Motors has acquired Tooling and Equipment International, a crucial supplier for Tesla's giga-casting tech
Microsoft has built its own custom AI chip that can be used to train large language models and potentially avoid a costly reliance on Nvidia
Economic News:
Producer Price Index:
PPI YoY 1.3% (Forecast 1.9%, Previous 2.2%)
PPI MoM -0.5% (Forecast 0.1%, Previous 0.5%)
Core PPI YoY 2.4% (Forecast 2.7%, Previous 2.7%)
Core PPI MoM 0% (Forecast 0.3%, Previous 0.3%)
Retail Sales MoM -0.1% (Forecast -0.3%, Previous 0.7%)
Core Retail Sales MoM 0.1% (Forecast -0.2%, Previous 0.6%)
Business Inventories MoM 0.4% (Expected 0.4%, Previous: 0.4%)
Major Indices:
S&P 500: +0.21%
Nasdaq: +0.08%
Dow Jones: +0.53%
Thursday, November 16
Stock Related News:
Amazon to sell cars online, starting with Hyundai
Starbucks workers staged walkouts across 360 stores during the “Red Cup Day” event
Applied Materials (AMAT) is under criminal investigation for potentially evading export curbs on China’s SMIC
Lucid announced its next electric vehicle, the three-row “Gravity” SUV
Apple announced it will adopt the RCS (Rich Communication Services) messaging standard later next year
Economic News:
Jobless Claims:
Initial Claims 231k (Forecast 220k, Previous 217k)
Continued Claims 1.865M (Forecast 1.845M, Previous 1.834M)
Import Prices MoM Actual -0.8% (Forecast -0.3%, Previous 0.1%)
Export Prices MoM Actual -1.1% (Forecast -0.5%, Previous 0.7%)
Philly Fed Business Index -5.9 (Forecast -8, Previous -9.0)
Industrial Production MoM -0.6% (Forecast -0.4%, Previous 0.3%)
Capacity Utilization 78.9% (Forecast 79.4%, Previous 79.7%)
Manufacturing Output MoM -0.7% (Forecast -0.4%, Previous 0.4%)
NAHB Housing Market Index 34 (Forecast 40, Previous 40)
Major Indices:
S&P 500: +0.12%
Nasdaq: +0.09%
Dow Jones: -0.07%
Friday, November 17
Stock Related News:
President Joe Biden signed a stopgap spending bill to prevent a government shutdown
OpenAI announced that its CEO Sam Altman, will be stepping down
Amazon is cutting several hundred roles in its Alexa division
Apple will stop all advertising on X (formerly Twitter)
Economic News:
Housing Starts Number 1.372M (Forecast 1.35M, Previous 1.358M)
Housing Starts Change MoM 1.9% (Forecast -0.6%, Previous 7.0%)
Building Permits Number 1.487M (Forecast 1.45M, Previous 1.471M)
Building Permits Change MoM 1.1% (Forecast -1.4%, Previous -4.5%)
Major Indices:
S&P 500: +0.15%
Nasdaq: +0.09%
Dow Jones: -0.23%
