TSLA
Tesla
-- 431.660 RGTI
Rigetti Computing
-- 17.0800 NVDA
NVIDIA
-- 137.010 LITM
Snow Lake Resources
-- 1.600 PLTR
Palantir
-- 79.080 
A TON OF THINGS HAPPENED TODAY IN THE STOCK MARKET.
Here's a full recap:
1. Microsoft $Microsoft (MSFT.US)$ is now under investigation by the FTC. which is examining various aspects of its business, including cloud computing and AI products. While $Alphabet-A (GOOGL.US)$ Google is also under investigation, they did begin the process of appealing a ruling requiring changes to its Play Store operations after an antitrust case by Epic Games, arguing the decision misjudges its competition with $ $Apple (AAPL.US)$ Apple, while a temporary hold is in place as oral arguments are set for February 3.
1. Microsoft $Microsoft (MSFT.US)$ is now under investigation by the FTC. which is examining various aspects of its business, including cloud computing and AI products. While $Alphabet-A (GOOGL.US)$ Google is also under investigation, they did begin the process of appealing a ruling requiring changes to its Play Store operations after an antitrust case by Epic Games, arguing the decision misjudges its competition with $ $Apple (AAPL.US)$ Apple, while a temporary hold is in place as oral arguments are set for February 3.
2. $Bitcoin (BTC.CC)$ Bitcoin traded higher to the $95K-97K range after falling to $90K yesterday. Reports are suggesting that President Elect Trump is considering pro-crypto Paul Atkins to replace SEC Chair Gary Gensler. Christopher Giancarlo, ex-CFTC Chair, today said that a US Bitcoin Reserve "makes a lot of sense" and that it's a very forward looking idea. He also said that since we stockpile oil and gold, we should do the same with $BTC Bitcoin.Giancarlo is in running to become first 'Crypto Czar' for the Trump administration.
3. As per Politico, Mark Zuckerberg $Meta Platforms (META.US)$ was spotted at Mara-A-Logo today, potentially meeting with President Elect Trump. Meta’s Threads has also gained 35 million users since November 1, averaging over 1 million signups daily for three months, and now exceeds 275 million monthly active users, according to Meta's Q3 earnings call and Axios. Investors believe $Meta Platforms (META.US)$ will begin to monetize Threads with ads in 2025 and turn it into an additional revenue stream for the business.
4. Macro Data: Home sales were UP 2% in October, while wall street expected it to be down 2%. PCE, the Fed's preferred measure of inflation, came in line with expectations at 2.8%. Odds of a rate cut in December went to 70%, up from 65% earlier this week. Consumers are also showing they are making more money and spending more money. Personal spending went up +0.4% MoM vs +0.3% expected and personal income also went up at +0.6% MoM vs +0.3% expected. With home sales going up, consumer spending/income going up, and inflation slightly going higher but still within expectations, markets believe the broader economy is seeing a decent macro landscape and now the priority shifts to maintaining strong employment numbers with low inflation while keeping growth steady,
5. Canada is considering retaliatory tariffs on key U.S. goods, such as agricultural products and vehicles, after Donald Trump announced a 25% tariff on Canadian and Mexican imports. Trump justified the move by citing concerns over open borders, drug trafficking, and illegal immigration. The U.S. and Canada maintain an intimate trade relationship, exchanging key goods such as vehicles, crude oil, machinery, natural gas, agricultural products (including wheat, corn, and seafood), and industrial materials.
6. MicroStrategy $MicroStrategy (MSTR.US)$ did more than $8B in trading volume today. $MSTR fell 12% yesterday as $Bitcoin (BTC.CC)$ fell to 90K. Today, Bitcoin rebounded to $96K and MicroStrategy ended the day at $392, up 10%.
7. In November 2023, NHS England awarded $PLTR Palantir Technologies a seven-year contract valued at £330 million to develop and manage the Federated Data Platform (FDP). This platform aims to integrate data across NHS trusts and regional systems, enhancing decision-making and patient care. Today, the Financial Times announced results from the partnership showing initial signs of momentum: A total of 87 NHS trusts and 28 integrated care boards have adopted the Federated Data Platform, surpassing the target of 71 sign-ups, with pilot sites like South Tyneside and Sunderland reporting a 37% reduction in unnecessary hospital stays and an average of 114 additional inpatients treated monthly in theatres.
8. Jobless claims and US GDP: Last week, 213,000 people in the U.S. filed for unemployment, below the expected 215,000, while Q3 GDP (first revision) met expectations at +2.8%.
9. Deutsche Bank projects the S&P 500 $S&P 500 Index (.SPX.US)$ to reach $7,000 by 2025, supported by an 11% EPS growth in 2024 and continued strength through 2025, driven by economic expansion, restocking cycles, and increased non-tech spending. The bank highlights improving corporate and consumer confidence alongside a rebound in capital markets and M&A activity as key factors sustaining growth. Deutsche Bank also notes potential risks, including economic slowdowns, geopolitical tensions, inflation shocks, and the impact of Trump’s policies like tax cuts, deregulation, and possible future tariffs.
10. $SoFi Technologies (SOFI.US)$ had their first close over $16 today at $16.20. SoFi's short float is now down 8.37% over the past 2 weeks with 14.42% of the total float, or 148M shares, sold short. They were upgraded to $19 from Jeffries yesterday.
11. Cathie Wood's $ARK Innovation ETF (ARKK.US)$ today sold 100,804 shares of $PLTR, 151,028 shares of $Roblox (RBLX.US)$ , 44,827 shares of $Rocket Lab (RKLB.US)$ , and 110,712 shares of $Block (SQ.US)$ , while buying 127,723 shares of $Advanced Micro Devices (AMD.US)$ , 82,735 shares of $Amazon (AMZN.US)$ , and 108,376 shares of $Pinterest (PINS.US)$ .
12. Lastly, a personal note: I started doing these summaries 2 weeks ago on a wild day in the markets where people like Bill Ackman bought loads of Nike $Nike (NKE.US)$ and Warren Buffet sold a bunch of $Ulta Beauty (ULTA.US)$ but bought a ton of Dominos $Domino's Pizza (DPZ.US)$ .
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FiveHundredCents
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Danodanc : Thank You. Sir. I certainly appreciate the time it took you to to do this. Your summaries are well round and very informative. I spend the better part of 14 hours a day doing research and studying charts. I do this mainly because I can't afford to lose. Back in February I had a couple heart attacks But had been ill since August of 2023. I drove semi for a living and can't pass the medical. Back in Dec. of 2023 i bought 3 long call options in $Microvast (MVST.US)$ for 5 dollars a contract and they remained dormant til 2 weeks ago Friday when they jumped to a total of $83.00 I took a long call postion in tsll that grew to $240.0 in a couple days and I have just been rolling my 2 long call options in $Palantir (PLTR.US)$ and hoping to take a long position with an expiration at least 6 Mos. from. now with a very comfortable strike price.