【Morning report】Tesla and cryptocurrency-related stocks soar, while Nvidia continues to decline ahead of earnings reports. Super Micro surges.
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Here are the key points of the early morning report today.![]()
●【Tokyo Stock Market Forecast Range】79,000 - 84,000 yen (Closing price on the 18th was 82,220.85 yen).
● US November housing market index unexpectedly rises.
Nvidia falls on reports of issues with Blackwell server rack.
Tesla rises 6%, as the framework for fully self-driving cars becomes one of the Department of Transportation's priorities.
Trump's media company in talks to acquire Backed cryptocurrency.
MicroStrategy adds approximately $4.6 billion worth of additional Bitcoin purchases.
Netflix is rising, with a peak viewership of 65 million for Tyson's comeback fight.
Super Micro surges, plans to continue trading on the Nasdaq submitted by Monday.
- moomoo News Julie
● US November housing market index unexpectedly rises.
Nvidia falls on reports of issues with Blackwell server rack.
Tesla rises 6%, as the framework for fully self-driving cars becomes one of the Department of Transportation's priorities.
Trump's media company in talks to acquire Backed cryptocurrency.
MicroStrategy adds approximately $4.6 billion worth of additional Bitcoin purchases.
Netflix is rising, with a peak viewership of 65 million for Tyson's comeback fight.
Super Micro surges, plans to continue trading on the Nasdaq submitted by Monday.
- moomoo News Julie
Market Overview
◇On the 18th, the US market saw a slight rebound in the S&P 500 and Nasdaq 100 indices. The significant increase in the Nasdaq 100 index is due to $Tesla (TSLA.US)$ leading the rise. Other Trump trades were relatively flat. The SOX index rebounded after 7 days and rose by 1%. $NVIDIA (NVDA.US)$ and $Arm Holdings (ARM.US)$ fell slightly, while other constituent stocks rebounded. There was no specific positive news, but it is believed to be fueled by autonomous rebound buying.
◇On the 19th, the Tokyo stock market demonstrated resilience amidst buying and selling, with the Nikkei average price expected to trend strongly in the lower 18000 yen range. Following a drop of over 400 yen the previous day, there is a high likelihood of inducing short-term autonomous rebound buying.
◇On the 19th, the Tokyo stock market demonstrated resilience amidst buying and selling, with the Nikkei average price expected to trend strongly in the lower 18000 yen range. Following a drop of over 400 yen the previous day, there is a high likelihood of inducing short-term autonomous rebound buying.
Top News
In November, the US housing market index unexpectedly rose, with expectations of increased construction due to easing regulations by the next administration.
The November NAHB housing market index, announced by the National Association of Home Builders (NAHB), increased to 46 from the expected decline from 43 in October.
The current sales of single-family homes reached a high level in 6 months at 49. The prospective buyer foot traffic index rose to 32, the highest level since April. Housing market improvements will facilitate future growth.
In November, the US housing market index unexpectedly rose, with expectations of increased construction due to easing regulations by the next administration.
The November NAHB housing market index, announced by the National Association of Home Builders (NAHB), increased to 46 from the expected decline from 43 in October.
The current sales of single-family homes reached a high level in 6 months at 49. The prospective buyer foot traffic index rose to 32, the highest level since April. Housing market improvements will facilitate future growth.
Tesla rose by 6%, with a framework change for fully autonomous driving cars becoming one of the transportation department's top priorities.
● $Tesla (TSLA.US)$ Rising 6.3%. President-elect Trump's transition team has advised advisors to make the framework for fully self-driving cars a top priority for the Department of Transportation, according to Bloomberg citing sources.
If cars that do not require human control become a reality under new regulations, it will directly benefit Tesla's CEO, who has supported Mr. Trump.
● $Tesla (TSLA.US)$ Rising 6.3%. President-elect Trump's transition team has advised advisors to make the framework for fully self-driving cars a top priority for the Department of Transportation, according to Bloomberg citing sources.
If cars that do not require human control become a reality under new regulations, it will directly benefit Tesla's CEO, who has supported Mr. Trump.
Nvidia fell following reports of issues with Blackwell server racks.
$NVIDIA (NVDA.US)$ On November 18th, following a decline, it temporarily fell by more than 3%. Concerns over overheating during server rack connections for the next generation AI semiconductor Blackwell were reported, seen as a selling point. However, there are also expectations for the earnings reports scheduled for the 20th (local time), so the closing price ended down 1.3%.
Related Article:【Earnings Preview】Nvidia, a possible repeat of stock price decline? Blackwell concerned about overheating and delayed delivery.
nvidia stock, bullish trading increasing. Will the AI boom reignite?
$NVIDIA (NVDA.US)$ On November 18th, following a decline, it temporarily fell by more than 3%. Concerns over overheating during server rack connections for the next generation AI semiconductor Blackwell were reported, seen as a selling point. However, there are also expectations for the earnings reports scheduled for the 20th (local time), so the closing price ended down 1.3%.
Related Article:【Earnings Preview】Nvidia, a possible repeat of stock price decline? Blackwell concerned about overheating and delayed delivery.
nvidia stock, bullish trading increasing. Will the AI boom reignite?
Trump's media company is in talks to acquire cryptocurrency wallet Backed by Trump.
●Trump Media, owned by former President Trump, is reportedly in the final stages of negotiations to acquire the cryptocurrency trading company Backed. $Trump Media & Technology (DJT.US)$ rose 17% on the 18th. $Bakkt Holdings (BKKT.US)$ rose by 162%.
Howard Lutnick, CEO of the major financial firm Cantor Fitzgerald, known for being pro-cryptocurrency, has reportedly emerged as a candidate for the Treasury Secretary in the upcoming Trump administration. $MicroStrategy (MSTR.US)$ rose 13%, $Robinhood (HOOD.US)$and $Block (SQ.US)$ It rose by 8%.
Related stocks of Japanese stocks are: $Ceres (3696.JP)$ 、 $Metaplanet (3350.JP)$ 、 $Monex Group (8698.JP)$ etc.
●Trump Media, owned by former President Trump, is reportedly in the final stages of negotiations to acquire the cryptocurrency trading company Backed. $Trump Media & Technology (DJT.US)$ rose 17% on the 18th. $Bakkt Holdings (BKKT.US)$ rose by 162%.
Howard Lutnick, CEO of the major financial firm Cantor Fitzgerald, known for being pro-cryptocurrency, has reportedly emerged as a candidate for the Treasury Secretary in the upcoming Trump administration. $MicroStrategy (MSTR.US)$ rose 13%, $Robinhood (HOOD.US)$and $Block (SQ.US)$ It rose by 8%.
Related stocks of Japanese stocks are: $Ceres (3696.JP)$ 、 $Metaplanet (3350.JP)$ 、 $Monex Group (8698.JP)$ etc.
MicroStrategy has added approximately $4.6 billion worth of bitcoin.
$MicroStrategy (MSTR.US)$ It was revealed in a filing with the U.S. Securities and Exchange Commission (SEC) that they have added approximately $4.6 billion worth of bitcoin.
$MicroStrategy (MSTR.US)$ It was revealed in a filing with the U.S. Securities and Exchange Commission (SEC) that they have added approximately $4.6 billion worth of bitcoin.
Netflix is rising, with a peak viewership of 65 million for Tyson's comeback fight.
$Netflix (NFLX.US)$ It rose by 2.8%. The company has entered into live streaming of sports, and last Friday, the match between former heavyweight boxing world champion Mike Tyson and YouTuber turned boxer Jake Paul was live-streamed. The fight attracted a peak viewership of 65 million worldwide, but there were also thousands of complaints about connection issues and screen freezes.
$Netflix (NFLX.US)$ It rose by 2.8%. The company has entered into live streaming of sports, and last Friday, the match between former heavyweight boxing world champion Mike Tyson and YouTuber turned boxer Jake Paul was live-streamed. The fight attracted a peak viewership of 65 million worldwide, but there were also thousands of complaints about connection issues and screen freezes.
SMCI surged, with a plan to continue trading on the Nasdaq possibly being submitted by Monday.
● $Super Micro Computer (SMCI.US)$ The stock rose by 16% on the 18th. "Super Micro is planning to submit a proposal to continue trading on the Nasdaq by Monday," as reported by Barron's last Friday.
Moreover, according to MarketWatch, Super Micro announced late on Monday that it had submitted a 'compliance plan' to support Nasdaq's request for an extension of the submission deadline to maintain its listing, and also announced a new auditor.
However, analysts' assessments seem cautious. On November 17, another company (Mizuho Securities) temporarily suspended its investment evaluation of the company. Some analysts pointed out that "based on the company's past experience of delisting, the process to reach that stage may be prolonged, with various delays occurring along the way." There is a possibility of a similar development this time, and as a result, the stock price may experience volatility.
On the other hand, regarding competitors, from November 17th to 18th, three analysts raised their target stock prices. Dell rebounded by 3% on the 18th. $Dell Technologies (DELL.US)$ As for competitors, from November 17th to 18th, three analysts raised their target stock prices. Dell rebounded by 3% on the 18th.
Related Article:Nvidia's key sales partner, Super Micro, faces the risk of delisting! What impact will this have on the AI industry, selecting the 'fortunate 3 stocks'?
● $Super Micro Computer (SMCI.US)$ The stock rose by 16% on the 18th. "Super Micro is planning to submit a proposal to continue trading on the Nasdaq by Monday," as reported by Barron's last Friday.
Moreover, according to MarketWatch, Super Micro announced late on Monday that it had submitted a 'compliance plan' to support Nasdaq's request for an extension of the submission deadline to maintain its listing, and also announced a new auditor.
However, analysts' assessments seem cautious. On November 17, another company (Mizuho Securities) temporarily suspended its investment evaluation of the company. Some analysts pointed out that "based on the company's past experience of delisting, the process to reach that stage may be prolonged, with various delays occurring along the way." There is a possibility of a similar development this time, and as a result, the stock price may experience volatility.
On the other hand, regarding competitors, from November 17th to 18th, three analysts raised their target stock prices. Dell rebounded by 3% on the 18th. $Dell Technologies (DELL.US)$ As for competitors, from November 17th to 18th, three analysts raised their target stock prices. Dell rebounded by 3% on the 18th.
Related Article:Nvidia's key sales partner, Super Micro, faces the risk of delisting! What impact will this have on the AI industry, selecting the 'fortunate 3 stocks'?
Gold prices rebound! Will they reverse significantly due to the uncertainty of the Trump administration?【Top 3 Gold ETFs】
Against the backdrop of a noticeable pause in the 'Trump rally', the price of gold is rebounding. Uncertainty surrounding the pace of the Federal Reserve's rate cuts and the policies of the new Trump administration is evident.
Next year, there is a possibility that geopolitical risks related to the emergence of the new Trump administration could support the price of gold. We have selected '3 gold ETFs' as our top choices.
Against the backdrop of a noticeable pause in the 'Trump rally', the price of gold is rebounding. Uncertainty surrounding the pace of the Federal Reserve's rate cuts and the policies of the new Trump administration is evident.
Next year, there is a possibility that geopolitical risks related to the emergence of the new Trump administration could support the price of gold. We have selected '3 gold ETFs' as our top choices.
Foreign exchange
Key Market Events
Source: Dow Jones, MINKABU, Bloomberg, Wealth Advisor, Fisco
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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