Asian stocks set to climb; Treasuries may drop
Asian stocks looked set to climb Friday, bolstered by improving sentiment toward Chinese shares. Treasury futures suggested higher yields when cash trading resumes after a holiday.
Australian shares rose, while equity contracts for Japan and Hong Kong advanced. A gauge of U.S.-listed Chinese stocks jumped more than 5%, helped by Alibaba's blowout Singles' Day shopping festival. S&P 500 futures were in the green after the index snapped a two-day drop.
Next-Tesla tag sends Rivian above $100 billion without sales
$Rivian Automotive (RIVN.US)$ reached a market value of over $100 billion two days after its initial public offering, drawing comparisons to $Tesla (TSLA.US)$.
But there are stark differences: When Tesla went public in 2010, the Elon Musk-led firm disclosed $93 million in revenue and losses far below the $1 billion Rivian reported for the first half. What's more, Tesla's initial market capitalization was about $2 billion and didn’t reach $90 billion until 2020.
Musk throws fresh shade at Rivian a day after Rival's big IPO
Elon Musk doesn't exactly sound optimistic about the prospects of Rivian, even after the rival electric-vehicle maker's blockbuster IP0.
Tesla's chief executive officer said he hopes Rivian can boost production rates and get cash flow to break-even. But in a tweet Thursday he also noted that of hundreds of startups, "Tesla is the only American carmaker to reach high volume production & positive cash flow in past 100 years."
Elon Musk sells around $5 billion of Tesla stock
Tesla CEO Elon Musk sold nearly $5 billion in Tesla stocks, according to financial filings on Wednesday evening. He still holds more than 166 million shares. Filings showed Musk is selling a block of Tesla shares via a plan that he set in motion on Sept. 14 this year.
Before that sale plan was made public, he asked his 62.5 million Twitter followers to vote in an informal poll, telling them their vote would determine the future of his Tesla holdings. The filings reveal that, in fact, he knew some of his shares were slated for sale this week.
U.S.-listed Chinese stocks soar after record singles' day sales
Shares of Chinese companies listed in the U.S. rallied Thursday amid investor optimism after blowout Singles' Day sales.
The Nasdaq Golden Dragon Index jumped 5.1%, the most since Oct. 7, after $Alibaba (BABA.US)$ and $JD.com (JD.US)$'s Singles' Day shopping festival posted record sales.
U.S. shoppers outspend Chinese to restore luxury market, study shows
Global consumer spending on personal luxury goods, including the latest sneaker trend or design collaboration, is forecast to spike by 29% this year, to 283 billion euros ($325 billion). That's a return to 2019 levels and a turnaround from the gloom of the 2020 pandemic lockdowns that shuttered stores and halted international travel.
Consumers have shifted spending to high-quality furnishings, as many have been spending time at home instead of globe-trotting.
Disney's magical pricing power can't outpace inflation right now
$Disney (DIS.US)$ shares are negative this year and well behind the $S&P 500 Index (.SPX.US)$ return. The company's third-quarter earnings did not help, with streaming subscriber adds slowing while costs for content and its Parks business rise.
Disney has pricing power unlike most other firms, but it can't escape inflation in the short term as capital spending increases and margins come under pressure.
SARK launches as short interest in ARKK jumps to new record
The first exchange traded fund to take an inverse exposure to another ETF rose by 5.5 per cent on its first two days of trading, mirroring the day's fall in Cathie Wood's flagship $21bn $ARK Innovation ETF (ARKK.US)$.
Its trading volume of $843,000 on day one comes as short interest in ARKK has shot up to a new record of 17.3 per cent of its shares, with a market value of $3.7bn, currently being borrowed by investors betting on a sell-off, according to S3 Partners, a specialist data provider. This is up from just 2 per cent at the turn of the year and 15.3 per cent a month ago.
Source: Bloomberg, CNBC, Financial Times

$Pfizer (PFE.US)$
Out of this shit play. No regrets

I bought $Pfizer (PFE.US)$ at close to USD50 and till now I am still not selling. I believe that this company will make more profit than the year before due to the current covid-19 situation. Once the vaccine for kids under 12 is approved. I believed that this stock will move higher. So reluctant to sell as nobody knows when?

$Pfizer (PFE.US)$ what should i d….

$Pfizer (PFE.US)$
This junk drop everyday for 36 days. avoid at all cost. Good bye

Operation idea: $NVIDIA (NVDA.US)$ shipped some goods according to plan 229.5. I made a call and found that the market crashed and broke through the stop loss of $Apple (AAPL.US)$ and nvda. After the follow-up stabilization, buy back nvda, which is equivalent to making a T. Apple released it tonight. Yes, lighten up and wait and see. After $Tesla (TSLA.US)$ was stable, it bought in and left part of it, leaving a bottom position

$Pfizer (PFE.US)$ we gotta hold this up together!

$The Health Care Select Sector SPDR® Fund (XLV.US)$
any comments on this stock? what happened to the sudden drop since last friday?