HaiKhuu Weekly Recap & Analysis
November 18 - November 22, 2024
MAJOR EVENTS OF LAST WEEK
Highlights:
Spirit Airlines has now officially filed for Chapter 11 bankruptcy
Elon Musk owned Neuralink has been clear to start brain chip trials in Canada
Boeing was just awarded multiple contract modifications with the Military worth more than $4 Billion
Major Indices’ Weekly Movement:
S&P 500: +1.60%
Nasdaq: +1.56%
Dow Jones: +2.07%
Monday, November 18
Stock Related News:
Spirit Airlines has now officially filed for Chapter 11 bankruptcy
Novo Nordisk is launching its weight loss drug Wegovy in China this week
Nvidia announced today it is working with Google Quantum AI to “accelerate the design of its next-generation quantum computing devices using simulations powered by the NVIDIA CUDA-Q platform
Cloud software company ServiceTitan has filed to go public through on the Nasdaq under the ticker $TTAN
Donald Trump’s social media company is reportedly in advanced talks to buy bakkt, a cryptocurrency trading venue owned by intercontinental exchange
SuperMicro names BDO as independent auditor, files compliance plan with Nasdaq
Department of Justice will push Google to sell Chrome to break search Monopoly
Economic News:
Home Builder Confidence Index:
(Previous 43, Actual 46)
Major Indices:
S&P 500: +0.41%
Nasdaq: +0.69%
Dow Jones: -0.07%
Tuesday, November 19
Stock Related News:
Robinhood just announced it has agreed to acquire TradePMR, a custodial and portfolio management platform for Registered Investment Advisors for a total of $300 Million
Apple is selling Apple News Ads directly for the first time
AMD is rumored to enter the “smartphone markets”, likely introducing APU-like “Ryzen AI”SOCS
Netflix just confirmed on December 17th it will be releasing a video game inspired by its most popular series ever “Squid Games”
Associated press to cut 8% of staff through buyouts, layoffs to ‘accelerate’ digital news strategy
Meta is creating a. new product unit to develop AI tools for the 200 million businesses that use its apps
Jersey Mike’s Subs was just acquired by Blackstone for $8 Billion including debt
Economic News:
Housing Starts:
(Previous 1.35M, Actual 1.31M)
Building Permits;
(Previous 1.43M, Actual 1.42M)
Major Indices:
S&P 500: +0.37%
Nasdaq: +0.69%
Dow Jones: -0.31%
Wednesday, November 20
Stock Related News:
Ford just said it will cut 4,000 jobs in Europe, mostly in Germany and the UK
Snowflake in talks with Anthropic for AI partnership
Fed President Bowman just said:
Progress in lowering inflation appears to have stalled
Her estimate of neutral policy rate is much higher than before Covid pandemic
President Elect Donald Trump is reportedly considering creating the first ever White House Crypto role
Elon Musk owned Neuralink has been clear to start brain chip trials in Canada
Economic News:
Fed Gov. Lisa Cooks speaks
Fed Gov. Michelle Bowman speaks
Major Indices:
S&P 500: +0.03%
Nasdaq: -0.06%
Dow Jones: +0.33%
Thursday, November 21
Stock Related News:
Justice Department seeks to unwind Google’s Anthropic deal
Apple is racing to develop a more conversational version of its Siri digital assistant. Apple is currently planning to release the new version of Siri to consumers as early as Spring 2026
Boeing was just awarded multiple contract modifications with the Military worth more than $4 Billion
Economic News:
Initial Jobless Claims:
(Previous 217k, Actual 213k)
Existing Home Sales:
(Previous 3.83M, Actual 3.96M)
Major Indices:
S&P 500: +0.54%
Nasdaq: +0.36%
Dow Jones: +1.08%
Friday, November 22
Stock Related News:
Pepsi announced. today its acquiring full ownership of Sabra and Obela
Amazon just announced its investing an additional $4,000,000,000.00 into AI startup Anthropic
Walmart corporate staff could receive up to 120% of 2024 bonus
Economic News:
Services PMI:
(Previous 55.0, Actual 57.0)
Manufacturing PMI:
(Previous 48.5, Actual 48.8)
Fed Gov. Michelle Bowman speaks
Major Indices:
S&P 500: +0.31%
Nasdaq: +0.16%
Dow Jones: +0.95%
