Good morning, traders. Happy Thursday, December 5th. My name is Kevin Travers, and Bitcoin hit 100k finally while the market is pulling back after Wednesday's top records for the S&P 500, Nasdaq, and Dow Jones. Here are the top news and animal spirits moving stocks:
$Synopsys (SNPS.US)$, a chip-making tool provider fell 11% Thursday after it reported its fourth-quarter earnings Wednesday afternoon. It posted adjusted EPS of $3.40, up 7% compared to analyst estimates of $3.30. But first quarter 2025 guidance disappointed with a midpoint of $1.45 billion, down 12% and 11% below analyst expectations. It was the lowest percentage decliner on the S&P 500.
$Brown-Forman-B (BF.B.US)$shares climbed 9%, leading the S&P 500 in percentage gain after the Jack Daniels and booze seller posted earnings Thursday morning, beating estimates with an EPS of $0.55 vs. $0.49. Revenue was down $12.00 million from the same period last year.
$American Airlines (AAL.US)$led a climbing Airlines sector on Thursday, up 13% after the firm raised its fourth-quarter profit outlook between $0.55 - $0.77/share.
Within industries tracked by moomoo, Bitcoin stocks did not climb much in reaction to the coin finally breaking the 100k barrier.$Coinbase (COIN.US)$was up 5% at open, but went on to fall 70 bps.$MicroStrategy (MSTR.US)$climbed 9% before falling back, landing at -2% for the day right after 11 am ET.
$Crude Oil Futures(FEB5) (CLmain.US)$remained at $68/barrel, after an OPPEC_+ meeting went as analysts had expected: the cartel decided to hold back on its production cut yet again.
Continuing jobless claims came in slightly below estimated, at 1.87M, right around where it has been for months. Investors are awaiting unemployment numbers on Friday.
Yesterday, users were talking about Fed Chair Powell's Q&A Session at the New York Times DealBook summit, where he talked about the incoming Trump admin, said he would not face removal until his time came 2026, and that the economy was much healthier than when the cutting started.
Traders, what do you think? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
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Coach Donnie : Let’s GOOO $Bitcoin (BTC.CC)$
73006551 : Thank you Kevin for keeping us updated on this platform.
Marie Thermidor : Thank you so much Kevin for your timely update news. It has been appreciated.
103185773 :