Economic Indicators - The ADP National Employment report indicated that U.S. private nonfarm payrolls increased by 42K in October, surpassing expectations of 32K [2] - The U.S. ISM services index rose to 52.4 in October, exceeding expectations of 50.7 [2] - The U.S. October S&P Global services PMI was revised down to 54.8 from a preliminary reading of 55.2 [2] Stock Market Performance - Wall Street's three main equity benchmarks closed positively, with notable gains in chip stocks such as Micron Technology (MU) up over +8% and Marvell Technology (MRVL) rising more than +6% [3] - Amgen (AMGN) surged over +7% after reporting strong Q3 results and raising its full-year guidance [3] - Lumentum Holdings (LITE) jumped more than +23% following better-than-expected FQ1 results and strong FQ2 guidance [3] - Zimmer Biomet Holdings (ZBH) fell over -15% after reporting weaker-than-expected Q3 sales, making it the top percentage loser on the S&P 500 [3] Bond Market and Interest Rates - Bond yields fell as U.S. companies announced the highest number of job cuts for any October in over two decades, leading to increased expectations for a rate cut next month [5] - U.S. rate futures indicate a 67.3% probability of a 25 basis point rate cut at December's monetary policy meeting [6] Corporate Earnings - The third-quarter corporate earnings season continues, with companies like ConocoPhillips (COP), Airbnb (ABNB), and Warner Bros Discovery (WBD) set to release results [7] - S&P 500 companies are expected to report an average +7.2% increase in quarterly earnings for Q3 compared to the previous year, marking the smallest rise in two years [7] International Market Developments - The Euro Stoxx 50 Index is down -0.09% as investors react to mixed corporate earnings and economic data [10] - Germany's industrial production rose +1.3% m/m in September, weaker than the expected +3.0% [13] - Eurozone's retail sales unexpectedly fell -0.1% m/m in September, contrasting with previous consumer sentiment [10][13] Asian Market Insights - China's Shanghai Composite Index closed up +0.97%, buoyed by optimism surrounding the nation's push for tech self-sufficiency [13] - Japan's Nikkei 225 Index also closed higher, with electronics and machinery stocks leading the gains [14] - Japan's real wages declined for the ninth consecutive month in September, complicating the Bank of Japan's policymaking [14]

US stocks stalled before the bell on Thursday as concerns about Big Tech continued to dog markets and a Supreme Court hearing fed hopes for a shift in President Trump's aggressive tariff push. Futures on the Dow Jones Industrial Average (YM=F) and the S&P 500 (ES=F) wobbled around the flat line. Contracts on the tech-heavy Nasdaq 100 (NQ=F) were also little changed on the heels of Wednesday's comeback for major US gauges, fueled by upbeat jobs data and a revival in tech stocks. A rebound in AI-linked na ...

US stocks edged higher before the bell on Thursday as concerns about Big Tech continued to dog markets and a Supreme Court hearing fed hopes for a shift in President Trump's aggressive tariff push. Futures on the S&P 500 (ES=F) and the tech-heavy Nasdaq 100 (NQ=F) both moved up roughly 0.2%. Meanwhile, Dow Jones Industrial Average futures (YM=F) were little changed on the heels of a comeback for stocks that was also fueled by surprise growth in jobs. A rebound in AI-linked names on Wednesday also helped ...

Qualcomm - Qualcomm shares are up 2% ahead of the earnings report and over 4% in the past month, driven by its entry into the AI data center market [1] - The core business performance is better than expected, particularly due to a nearly 90% share in the Apple iPhone 17, compared to the 70% anticipated [2] - Qualcomm's position is strengthened as competitors like Samsung are moving towards in-house solutions, and the AI data center market is seen as a significant growth driver [3] Robinhood - Robinhood shares are down about 4% this week, reflecting Bitcoin's decline, but the company is experiencing growth in its prediction market business [5] - The company is viewed as a digital proxy for trends in tokenization and has a growing number of funded accounts, currently at 27 million [5] - Despite a high valuation at 45 times earnings, Robinhood's multiple product offerings and new mortgage business are expected to drive top-line growth [6] Snap - Snap shares have decreased by 31% this year, with analysts focusing on engagement and product velocity ahead of the earnings report [6] - 72% of analysts have a hold or neutral rating on Snap, indicating a lack of confidence in the stock [7] - The company's focus on cost-cutting measures has not generated excitement, and expectations for performance are flat, leading to a cautious outlook [8] Lyft - Lyft shares are higher ahead of their results, contrasting with Uber's recent performance, which saw a 5% decline despite solid third-quarter numbers [9][10] - Lyft is perceived as having improved mobility pricing trends and potential for new partnerships, contributing to a more positive outlook compared to Uber [11] - The stock is trading at 16-17 times earnings, with a current price around $27, indicating a mixed sentiment but potential for normalization in core business trends [12]

On the trade front, China’s Customs Tariff Commission of the State Council announced on Wednesday that it will extend the suspension of a 24% tariff on some U.S. goods for another year while keeping a 10% duty in place, as part of the trade truce agreed at last month’s Trump-Xi summit. The commission also stated that it would lift tariffs of up to 15% on certain U.S. agricultural products. In addition, China will remove export controls against 15 U.S. entities and extend the suspension of such measures for ...

Market Overview - US stock futures experienced a sharp pullback, with S&P 500 futures down 1% and Nasdaq 100 futures down 1.3%, indicating investor concerns over high valuations amid quarterly earnings reports [1][3] - Wall Street is increasingly nervous about companies' performance justifying their high market valuations, with big bank CEOs warning of a potential correction ahead [2][11] Company Earnings and Reactions - Palantir's shares fell over 5% despite solid quarterly results, as analysts raised concerns about its high price-to-earnings ratio [2][15] - Uber reported strong results, but its shares slipped, suggesting investor expectations were not fully met [4] - Spotify's stock rose after reporting better-than-expected Q3 earnings, beating analyst estimates on revenue and margin [7] - ADM's stock slumped 9% after cutting its 2025 profit outlook due to weaker crush margins and delays in US biofuel policy [8] - Nvidia's stock fell over 1% following news of Microsoft providing Nvidia chips to the UAE for the first time [9] Notable Corporate Developments - Denny's shares surged nearly 50% after announcing an agreement to be taken private by a group of investors [10] - Norway's sovereign wealth fund plans to vote against Elon Musk's $1 trillion pay package, marking significant opposition from a major stakeholder in Tesla [5][6] Economic Context - Investors are closely monitoring the ongoing US government shutdown, which has reached its 35th day, delaying the release of key economic data crucial for the Federal Reserve and Wall Street [5]

Group 1 - Palantir and Robinhood are among the leading companies set to report earnings, indicating significant market interest [1] - CommScope Holding's stock is currently at $16.90, showing a slight increase of 0.36% and a notable 212% rise in August due to a deal with Amphenol [1] - Broadcom is highlighted as one of the best stocks in earnings performance, boasting a high EPS Rating of 98, which is among the highest in the chip industry [2] Group 2 - Amphenol's earnings growth has accelerated, with a 59% surge this year, positioning it as a strong player in the data center sector [4] - Amphenol's acquisition of CommScope's broadband unit for $10.5 billion is a significant move that could enhance its market position [4] - Apple is set to invest $2.5 billion in a company that produces glass, leading to a positive impact on its stock performance [4]

Key Points Korean stocks are on fire this year, driven by AI gains and market reforms. Foreign investors are now net buyers of Korean stocks. 10 stocks we like better than iShares - iShares Msci South Korea ETF › Sometimes, instead of picking individual stocks, it pays to buy the entire market, especially if most stocks are rising. An easy way to do that is with an exchange-traded fund (ETF) that tracks an entire index like the S&P 500 index or the Nasdaq Composite, both of which are doing well so ...

Core Insights - The article highlights the top-performing leveraged and inverse ETFs from the previous week, showcasing significant returns driven by various market dynamics. Group 1: Top Performing ETFs - Direxion MSCI Daily South Korea Bull 3X Shares (KORU) achieved a return of 29.99% [2] - ProShares UltraShort Bitcoin ETF (SBIT) and Defiance Daily Target 2x Long OKLO ETF (OKLL) both recorded returns of 19.54% [2] - Direxion Daily Semiconductor Bull 3x Shares (SOXL) returned 17.77% [2] - GraniteShares 2x Long AMD Daily ETF (AMDL) saw a return of 16.67% [2] - MicroSectors Gold 3X Leveraged ETNs (SHNY) returned 15.67% [2] Group 2: Notable Company Performances - Advanced Micro Devices (AMD) stock surged due to a partnership with OpenAI, contributing to a 60% weekly gain for the GraniteShares 2x Long AMD Daily ETF (AMDL) [3] - Oklo Inc. (OKLO) experienced over 31% weekly gains attributed to increased demand for AI-related power and a new U.S. Air Force contract [4] - The U.S. auto industry saw a significant boost, with the MAX Auto Industry -3x Inverse Leveraged ETN (CARD) returning approximately 28.5% due to a spike in electric vehicle sales [5] Group 3: Market Dynamics - Increased market volatility was noted, driven by concerns over a potential U.S. government shutdown, rising trade tensions with China, and uncertainty regarding the Federal Reserve's actions, impacting the 2x Long VIX Futures ETF (UVIX) [6] - The FTSE China 50 Index faced declines due to renewed U.S. tariff threats, with Direxion Daily FTSE China Bear 3X Shares (YANG) returning over 24% [7] - Escalating U.S.-China trade tensions and heavy liquidations led to a crypto market crash, affecting the ProShares UltraShort Ether ETF (ETHD) with 24% weekly gains [8]

Market Overview - The market has seen a 12% increase this year and a 25-26% rise over the last two years, suggesting a potential for a correction [2][3] - A correction of 5-10% is considered healthy for the market, as it has been on a continuous upward trend [3][4] - There are concerns about "rolling bubbles" in certain sectors, indicating speculative behavior that could lead to market instability [4][5] Technology Sector - Major tech companies like Google, Meta, Apple, and Microsoft are highlighted as having substantial revenues and profitability, which provides a buffer against market fluctuations [7][8] - A potential reduction in capital expenditures by these companies, particularly in AI, could significantly impact related sectors, especially chip manufacturers [8][11] - The chip industry, previously viewed as cyclical, may face corrections if major tech firms scale back their orders due to insufficient returns on investment [9][11] Economic Indicators - Interest rates are declining, which may alleviate some stress in the market, although there are concerns about the overall valuation levels of various asset classes [14][23] - The investment community is aware of the substantial liquidity in money markets, estimated at $7 trillion, which could influence market dynamics [16] - Recent fiscal policies, including tax breaks for corporations, are expected to provide further support for public markets and could lead to an increase in IPOs [15][17] Financial Stability - The resilience of the financial system is emphasized, with comparisons to the 2008 financial crisis indicating that current conditions are not as severe [23] - There are concerns about private credit markets and potential issues arising from less stringent lending conditions, but these are not expected to be systemic [22][23] - The market has absorbed previous shocks, such as the failures of First Republic and Silicon Valley Bank, indicating a capacity to manage financial disruptions [19][20]