Tuesday delivers an unprecedented convergence of major economic releases packed into a two-hour window that could significantly influence year-end market direction. The November jobs report at 8:30am will provide comprehensive employment insights including nonfarm payrolls, unemployment rate, and wage growth trends that determine consumer spending capacity heading into 2026. Strong employment data could validate the Fed's cautious stance from last week's meeting, while weakness could raise concerns about ec ...

Economic Data and Earnings Reports - A busy week of economic data is anticipated, starting with the NAHB Housing Market Index on Monday, followed by significant reports on Tuesday including ADP Employment, Building Permits, Housing Starts, Core Retail Sales, and the Unemployment Rate [4] - Additional economic indicators will be released throughout the week, including MBA Mortgage Applications, Business Inventories, Continuing Jobless Claims, Core CPI, and Core PCE [4][5][6][7] Earnings Highlights - Companies scheduled to report earnings next week include Accenture (ACN), Nike (NKE), FedEx (FDX), and Carnival Corp. (CCL), among others [5][6][7] - Specific earnings spotlight dates include December 15 for Abivax (ABVX) and Ocean Power (OPTT), December 16 for Lennar (LEN) and Worthington Enterprises (WOR), and December 17 for Micron (MU) and General Mills (GIS) [5][6][7] REIT Sector Insights - The REIT sector is viewed as stable and beneficial, focusing on income generation through predictable long-term dividends rather than stock price volatility [8] - Potential benefits for the REIT sector are anticipated if the Federal Reserve cuts interest rates, which could lead to a market rally [9] - M&A activity is strong within the REIT sector, with 36 REITs exploring options since March 2022, indicating ongoing consolidation [10] - Future growth is expected in Healthcare, particularly senior housing, and certain Retail segments, along with the emergence of new REIT classes like "AI REITs" and "Solar REITs" [10] Investment Strategy - Young investors are encouraged to utilize REITs and the power of compounding dividends for long-term wealth building, with a recommended investment horizon of 25 to 50 years [11]

Core Insights - Nvidia and Bitcoin have both shown remarkable returns for investors, with Nvidia being the largest company in the semiconductor industry and Bitcoin leading the cryptocurrency market [1][2] - Nvidia's stock has increased by 31% in 2025, while Bitcoin has decreased by approximately 4% [2] - The upcoming year presents potential investment opportunities in both assets, with Nvidia expected to outperform Bitcoin [2][18] Nvidia Overview - Nvidia's latest GPU architecture, Blackwell Ultra, offers up to 50 times more performance than its previous Hopper architecture [4] - The demand for computing power is increasing due to advanced AI models, leading to a projected record revenue of $212 billion for Nvidia in fiscal year 2026, a 62% increase from the previous year [7] - Nvidia's revenue is expected to grow further to $316 billion in fiscal year 2027, indicating strong business growth driven by AI GPU sales [8] Bitcoin Overview - Bitcoin maintains its decentralized nature and capped supply of 21 million coins, which contributes to its perception as a store of value [9] - Over the past decade, Bitcoin has delivered a return of 21,100%, outperforming other major asset classes [10] - The introduction of spot Bitcoin ETFs has broadened its investor base, making it more accessible to institutional investors [12] Investment Comparison - Valuing Nvidia stock is straightforward, with a current P/E ratio of 45.5, which is below its 10-year average of 61.2 [16] - Nvidia's stock would need to increase by 85% to maintain its current P/E ratio and by 148% to align with its historical average [18] - In contrast, predicting Bitcoin's future value is challenging, making Nvidia a more attractive investment option for the upcoming year [18]

Core Viewpoint - Despite some investor caution regarding AI stocks, a Wall Street analyst has significantly increased their price target for Nvidia, predicting it could become a $20 trillion company by 2030 [1][3]. Company Performance - Nvidia has experienced remarkable growth over the past decade, with revenue and net income increasing by 3,970% and 15,320%, respectively, leading to stock price gains of 21,640% [5]. - In the fiscal 2026 third quarter, Nvidia reported record revenue of $57 billion, a 62% year-over-year increase and a 22% sequential increase, with earnings per share (EPS) of $1.30, up 67% [6]. - The data center segment is a key growth driver, with sales reaching $51.2 billion, a 66% increase, indicating strong ongoing demand for AI [7]. Market Outlook - Nvidia's management forecasts fourth-quarter revenue of $65 billion, representing a 66% year-over-year growth at the midpoint of guidance [7]. - Initial projections for AI spending in 2025 were $250 billion, which have now increased to $405 billion, suggesting a bullish outlook for Nvidia's growth [8]. - Nvidia commands an estimated 92% market share in the data center GPU space, positioning it well to benefit from increased AI capital expenditures [9]. Growth Projections - Nvidia's current market cap is approximately $4.3 trillion, requiring a 369% stock price increase to reach the $20 trillion target [10]. - Wall Street projects annual revenue growth of 31% for Nvidia over the next five years, with a need for 34% growth to achieve $1 trillion in revenue by 2030 [11]. - Analyst Beth Kindig has doubled her market cap expectations for Nvidia to $20 trillion, citing a projected 36% annual growth in data center revenue over the next five years [12]. Investment Considerations - Nvidia is currently trading at 23 times next year's sales, with expected revenue growth of 48% to $316 billion [14].

Core Insights - Eve Holding, Inc. (NYSE:EVEX) is recognized as one of the best aerospace stocks to buy, with a recent Buy rating reiterated by Cantor Fitzgerald following a significant $1 billion deal with Beta Technologies for motors [1][2] - The stock has experienced a surge of over 6.8% since the announcement of the deal, indicating positive market sentiment [1] - The company is focused on urban air mobility (UAM) solutions, including the development of electric vertical take-off and landing (eVTOL) aircraft [4] Financial and Market Performance - Analysts have a 12-month average price target for Eve Holding, suggesting an upside potential of more than 44.3% from the current stock level [3] - The company is currently in the pre-revenue stage but aims to conduct its first flight tests in late 2025 or early 2026 [3] Strategic Developments - The partnership with Beta Technologies is expected to enhance Eve Holding's aircraft development by providing high power-to-weight ratios and reliable motor technology [2] - CEO Johann Bordais emphasized the critical role of the electric motor technology in supporting the company's propulsion architecture as it progresses towards service entry [2]

Core Viewpoint - General Mills is experiencing challenges in the consumer staples sector, but this weakness may present a buying opportunity for long-term investors [1] Group 1: Company Performance - General Mills has seen a significant decline of 27.19% in its stock price over the past year, contributing to its underperformance compared to the S&P 500 [2] - The company is actively making price investments across its brands to stimulate demand, which has resulted in improved sales and volumes [4] - The ready-to-eat cereal market, where General Mills is a key player, is not a high-growth segment, and consumer preferences are shifting away from traditional cereals [6] Group 2: Brand Strength and Market Position - General Mills owns strong brands like Nature Valley, which holds nearly 25% of the domestic cereal bar market, catering to the changing preferences of on-the-go families [6] - The company also leads in the pet food market with its Blue Buffalo brand, which is known for its strong brand loyalty among pet owners [7] Group 3: Financial Metrics and Dividend Policy - General Mills has a market capitalization of $25 billion and a current dividend yield of 5.34%, making it attractive compared to other S&P 500 companies [9][10] - The company's payout ratio is 58%, and its annual dividend obligations consume less than 80% of free cash flow, indicating a stable dividend policy [11] - With 40% of its debt maturing in the coming years, General Mills aims to strengthen its balance sheet while supporting long-term dividend growth [11]

Core Insights - The current market presents a favorable environment for value and income investors, particularly as the AI sector shows signs of instability due to disappointing earnings from major companies like Broadcom and Oracle [2] Group 1: Investment Focus - iREIT+HOYA Capital specializes in income-producing asset classes aimed at providing sustainable portfolio income, diversification, and inflation hedging [1] - The investment group offers research on various financial instruments including REITs, ETFs, closed-end funds, preferred stocks, and dividend champions, targeting dividend yields of up to 10% [2] Group 2: Investment Strategy - The investment strategy emphasizes defensive stocks with a medium- to long-term horizon, focusing on high-yield and dividend growth opportunities [2]

Core Viewpoint - Rivian is accelerating its artificial intelligence (AI) strategy, which has led to significant stock price movements following its inaugural Autonomy & AI Day event [1][3]. Group 1: Stock Performance - Rivian's shares increased by 12% on Friday after the AI event, but fell by 6% on Thursday after the event concluded [1][3]. - The current stock price is $18.38, with a market capitalization of $20 billion [4]. Group 2: AI Developments - Rivian introduced the Rivian Autonomy Processor (RAP1), a custom-designed chip for vision-centric AI, which integrates processing and memory into a single module [5]. - The company plans to incorporate Light Detection and Ranging (LiDAR) technology into future R2 mid-size electric SUV models to enhance safety and real-time detection [6]. Group 3: Subscription Service - Rivian announced Autonomy+, a subscription service launching in early 2026, offering hands-free assisted driving on 3.5 million miles of marked roads in the U.S. and Canada, priced at a one-time fee of $2,500 or $49.99 per month [6]. Group 4: Analyst Sentiment - Investment bank Needham raised its price target for Rivian's stock to $23 per share, indicating a positive shift in sentiment towards the company's AI-driven autonomy strategy [7].

Market Overview - The stock market is experiencing a pullback from record highs, with the Dow down 204 points and the NASDAQ down 1.5% for the week [1][2][3] - The S&P 500 is down about 0.5%, while the Russell 2000 has seen a gain of 1.5% over the last five days [3][4] - The bond market has shown significant movement, with the 10-year yield at 4.19% and the 30-year yield at 4.86%, the highest level in three months [4][5] Sector Performance - Consumer staples and discretionary sectors are showing limited gains, while technology and energy sectors are underperforming, with XLK down 2.7% [5][6] - Broadcom is a major drag on the NASDAQ, down 11.8% after failing to meet high expectations [6][7] Company Highlights - Oracle has denied reports of delaying data center projects for OpenAI, maintaining that all milestones are on track [29] - Wealthfront made its public debut on NASDAQ, raising approximately $485 million with an opening share price of $14 [30] - Costco reported better-than-expected earnings, with comparable sales climbing 6.4%, although membership fees saw a slight decrease [31] Investment Insights - Carvana, Robinhood, and Coinbase have made significant recoveries and are being added to the S&P 500, with Carvana's stock up 11,000% from its lows [13][15][18] - The Fed cut rates by 25 basis points, with expectations for one or two more cuts by the end of the year [20][21] - Analysts suggest that the market is currently focused on the Fed's actions and the implications for inflation and employment [21][22] Future Outlook - Rivian is focusing on developing custom self-driving chips as part of its AI strategy, aiming for a significant shift in transportation technology [33][34] - The bond market outlook for 2026 suggests a potential increase in yields, with a focus on the 5-30 year yield curve [68][70] - Concerns about credit dispersion in the corporate market are rising, with some sectors expected to struggle in 2026 [75][76]

Veteran analyst Tom Lee has a reputation for calling turning points long before the rest of Wall Street catches on. That said, with the big banks having weighed in, Lee just dropped his S&P 500 target, betting once again that the crowd is too cautious. Given the current stock market setup, it’s a call that cuts directly against today’s “too far, too fast” narrative following years of oversized gains, but Lee feels the skepticism itself is part of the setup. Additionally, with the Fed delivering 175 basi ...