Outlook for the usa market: Ahead of Nvidia's earnings reports, target stock prices are being raised successively with Bitcoin falling sharply.
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Here is the speculation on tonight's New York stock market.![]()
Market Overview
USA market starts with the Dow Jones Industrial Average, which is composed of excellent stocks, rising by $66.08 to $44,359.21. The Nasdaq Composite Index, with a high proportion of tech stocks, started at 19,289.81, down by 8.95 points. The S&P 500, composed of 500 of the largest US stocks, rose by 2.25 points to 6,003.60.
USA market starts with the Dow Jones Industrial Average, which is composed of excellent stocks, rising by $66.08 to $44,359.21. The Nasdaq Composite Index, with a high proportion of tech stocks, started at 19,289.81, down by 8.95 points. The S&P 500, composed of 500 of the largest US stocks, rose by 2.25 points to 6,003.60.
Top News
Bitcoin approaches the $0.09 million mark! Bitcoin ETF surpasses gold ETF for the first time in size.
● November 12th, $Bitcoin (BTC.CC)$Bitcoin briefly surpassed $0.089 million and is nearing the $0.09 million mark, surpassing silver in market capitalization to become the 8th largest asset in the world.
● However, Bitcoin later dropped below $0.086 million, falling by over 3%.
Bitcoin approaches the $0.09 million mark! Bitcoin ETF surpasses gold ETF for the first time in size.
● November 12th, $Bitcoin (BTC.CC)$Bitcoin briefly surpassed $0.089 million and is nearing the $0.09 million mark, surpassing silver in market capitalization to become the 8th largest asset in the world.
● However, Bitcoin later dropped below $0.086 million, falling by over 3%.
● Following Mr. Trump's victory, investors flocked to the cryptocurrency market, and the size of the Bitcoin ETF under BlackRock surpassed that of the gold ETF.
According to FactSet, as of the 8th, $iShares Bitcoin Trust (IBIT.US)$operating assets stood at approximately $34.3 billion, $Gold Trust Ishares (IAU.US)$exceeding that of IAU, whose asset size is less than $33 billion.
The price of gold briefly fell below $2,600, leading to a short-term bearish outlook.
● Gold prices fell by 1.13% at one point, breaking below the $2,600 mark for the first time since September. They have dropped approximately 5% since the presidential election last week.
● Gold prices fell by 1.13% at one point, breaking below the $2,600 mark for the first time since September. They have dropped approximately 5% since the presidential election last week.
● StoneX's Razaqzada stated that after Trump's victory, investors shifted their focus to risk assets, leading to a sharp drop in gold prices. Against this backdrop, the short-term outlook for gold turned mildly bearish.
● Meanwhile, hedge funds liquidated bullish positions, and with funds flowing into the US stock market, ETF fund flows also weakened support for gold.
● Weston, head of research at Pepperstone, mentioned that after gold prices breached the 50-day moving average line, selling following the liquidation of long positions was partly technical.
● Meanwhile, hedge funds liquidated bullish positions, and with funds flowing into the US stock market, ETF fund flows also weakened support for gold.
● Weston, head of research at Pepperstone, mentioned that after gold prices breached the 50-day moving average line, selling following the liquidation of long positions was partly technical.
Tesla fell more than 5% temporarily at the opening, exceeding the expected impact on US stocks.
In the options market last Friday, $Tesla (TSLA.US)$- Options trading volume reached a remarkable $245 billion. In contrast, the second most active trading in single-stock options market amounted to $55 billion per day, with a total trading volume of $310 billion in other US single-stock options markets. $NVIDIA (NVDA.US)$-
As the market capitalization returns to its peak, Tesla's influence on the US stock market is returning to the high levels of 2021.
In the days following the confirmation of Trump's victory, Tesla's large purchases of call options triggered a typical 'Gamma Squeeze.'
In the options market last Friday, $Tesla (TSLA.US)$- Options trading volume reached a remarkable $245 billion. In contrast, the second most active trading in single-stock options market amounted to $55 billion per day, with a total trading volume of $310 billion in other US single-stock options markets. $NVIDIA (NVDA.US)$-
As the market capitalization returns to its peak, Tesla's influence on the US stock market is returning to the high levels of 2021.
In the days following the confirmation of Trump's victory, Tesla's large purchases of call options triggered a typical 'Gamma Squeeze.'
When investors increase their call purchases, market makers who sell calls to investors move to increase purchases of underlying stocks to hedge, causing the stock price to rise. The rise in stock prices attracts short sellers to cover their positions and new hedging purchases of underlying stocks, further boosting the stock price. This phenomenon is called a 'Gamma Squeeze.'
Ahead of Nvidia's earnings announcement, major Wall Street banks have successively raised their target stock prices.
With an optimistic outlook for the Blackwell supercycle, Wall Street analysts, $NVIDIA (NVDA.US)$Ahead of Nvidia's third-quarter earnings report on November 20, analysts raised the target stock price one after another.
With an optimistic outlook for the Blackwell supercycle, Wall Street analysts, $NVIDIA (NVDA.US)$Ahead of Nvidia's third-quarter earnings report on November 20, analysts raised the target stock price one after another.
- Analyst Ben Reitzes of Melius Research upgraded the target stock price from $165 to $185 with a "buy" rating.
- Analyst Harsh Kumar of Piper Sandler upgraded the target stock price from $140 to $175 with an "overweight" rating.
- Analyst Joseph Moore of Morgan Stanley upgraded the target stock price from $150 to $160 with an "overweight" rating.
- Analyst Vijay Rakesh of Mizuho upgraded the target stock price from $140 to $165 with an "outperform" rating.
- Analyst Timothy Arcuri of UBS upgraded the target stock price from $150 to $185 with a "buy" rating.
Analysts generally believe that the development of AI applications is still in the early stages, and they expect the Blackwell cycle to continue to boost Nvidia's performance. Morgan Stanley expects Blackwell's new product line to lift the company's revenue in the January quarter, reaching $6 billion from $5 billion.
Potential for US stocks to stagnate as investors take profit-selling = Citi
Citi Group points out that the post-election surge in US stocks may lose momentum as investors start taking profit-selling.
According to the strategist team led by Chris Montagu, increasing long positions has pushed up exposure to the S&P 500 index to a 3-year high.
However, the tailwind from Mr. Trump is significant. Active managers ranging from mutual funds to hedge funds were underperforming the market last week as they maintained too low a percentage of shareholdings or shifted to the wrong stocks.
With Mr. Trump returning and pushing the S&P 500 above 6000, 'animal spirits' have reignited, putting pressure on these money managers to recover lost profits.
Meanwhile, Goldman Sachs sees rotation pressure as a prominent feature in the market even after the end of the Trump rally.
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Citi Group points out that the post-election surge in US stocks may lose momentum as investors start taking profit-selling.
According to the strategist team led by Chris Montagu, increasing long positions has pushed up exposure to the S&P 500 index to a 3-year high.
However, the tailwind from Mr. Trump is significant. Active managers ranging from mutual funds to hedge funds were underperforming the market last week as they maintained too low a percentage of shareholdings or shifted to the wrong stocks.
With Mr. Trump returning and pushing the S&P 500 above 6000, 'animal spirits' have reignited, putting pressure on these money managers to recover lost profits.
Meanwhile, Goldman Sachs sees rotation pressure as a prominent feature in the market even after the end of the Trump rally.
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Trump's next administration appoints loyalist South Dakota Governor as Secretary of Homeland Security.
Will it be difficult to escape deflation? The US October CPI is scheduled to be announced on Wednesday night.
The US Department of Labor22:30 on Wednesday night, November 13th, Japan timeto October US Consumer Price Index (CPI)Earnings reports are scheduled to be released. Due to a gradual decrease in service prices and a rebound in commodity prices, market consensus expects core CPI to increase by 0.3% month-on-month, and headline CPI to increase by 0.2% month-on-month. On a year-on-year basis, the market expects headline CPI to rise by 2.6% (compared to the previous month's 2.4% increase).
The US Department of Labor22:30 on Wednesday night, November 13th, Japan timeto October US Consumer Price Index (CPI)Earnings reports are scheduled to be released. Due to a gradual decrease in service prices and a rebound in commodity prices, market consensus expects core CPI to increase by 0.3% month-on-month, and headline CPI to increase by 0.2% month-on-month. On a year-on-year basis, the market expects headline CPI to rise by 2.6% (compared to the previous month's 2.4% increase).
moomoo news of individual stocks Sherry
Source: moomoo, Bloomberg
This article uses auto-translation in some parts.
Source: moomoo, Bloomberg
This article uses auto-translation in some parts.
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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