The $Consumer Discretionary Select Sector SPDR Fund (XLY.US)$ performed poorly this week as Tesla's $Tesla (TSLA.US)$ 15.44% drop helped contribute to an overall 3.54% decrease. The $Consumer Staples Select Sector SPDR Fund (XLP.US)$ was nearly in-line with the $SPDR S&P 500 ETF (SPY.US)$, down 0.22% on the week.
EV charging stocks $EVgo Inc (EVGO.US)$ , up 89.38%, $Volta (VLTA.US)$ , up 34.93%, and $QuantumScape (QS.US)$ , up 25.11%, placed in the top five gainers this week for consumer stocks with market caps over $2B. The EV stocks got charged up after the bipartisan infrastructure bill was signed into law, setting aside $7.5B towards the development of an EV charging infrastructure in the U.S.
Rounding out the top five, technology e-commerce site and moomoo favorite $Newegg Commerce (NEGG.US)$ , jumped 33.78%, and luxury fashion retail platform $Farfetch (FTCH.US)$ reported a 24.15% gain after confirming a partnership with designer Richemont.
On the opposite spectrum, beverage company $Celsius Holdings (CELH.US)$ , down 22.87%, was the biggest loser after input cost inflation and supply chain challenges caused a Q3 earnings miss. Scrubs seller $FIGS Inc (FIGS.US)$ also cited supply chain challenges and is down 18.36% on the week despite posting a Q3 beat.
$National Vision (EYE.US)$ beat earnings but fell 21.77% as full-year guidance was below consensus estimates. Shares dropped throughout the week as Bank of America downgraded the stock to Underperform, citing headwinds including "more normalized product mix & average ticket" that could continue into 1H22.
EV company $Arrival (ARVL.US)$ trades down 18.86% for the week after it delayed its production timeline. The electric van and bus maker now expects "significantly lower" volume levels in 2022.
Finally, home solutions company $SmartRent (SMRT.US)$ fell 21.06% after reporting earnings that weren't as good as investors had hoped.
Narrowly missing the top five decliners were Tesla, which fell 15.44% as Elon Musk and his brother sold shares in the company, and $Beyond Meat (BYND.US)$, down 14.65% after issuing Q4 revenue outlook well below consensus.

$Lucid Group (LCID.US)$ Annual production is insufficient, stock price is severely overvalued.

Asia stocks set for mixed start; Treasuries jumped
Asian stocks are set for a mixed start Wednesday after U.S. shares snapped their longest winning streak since 2017. Treasuries rallied, with some traders citing an unwinding of bearish bond bets.
Futures for Japan were steady and those for Hong Kong fell. Australia opened little changed, while U.S. futures slipped. The $S&P 500 Index (.SPX.US)$ dipped for the first time in nine sessions, hurt by financial shares amid a slump in the 10-year U.S. Treasury yield. The $NASDAQ 100 Index (.NDX.US)$ underperformed, in part on $Tesla (TSLA.US)$'s loss of $199 billion in value on a host of negative news.
Consumer prices likely surged last month at their fastest pace in about 30 years
Economists expect the consumer price index rose 0.6% in October and 5.9% on a year-over-year basis, the most since 1990. The CPI is hotter than economists initially expected it would be, and they now see it staying elevated into next year. "What we're seeing is there's this second wave of inflation that appears more broad based, and it's also backed up with a sharp increase in wages," said one economist.
Tesla erases $199 billion in worst two-day rout in 14 months
$Tesla (TSLA.US)$ lost about $199 billion in value during its biggest back-to-back selloff since September 2020 amid a host of negative news. The shares tumbled 12% on Tuesday, after closing down 4.8% on Monday.
EV ETFs gear up for new flows from infrastructure spending bill
Exchange-traded funds focused on electric vehicles could catch some momentum from the massive infrastructure bill Congress passed on Friday. The roughly $1 trillion package allocates $7.5 billion to build out a network of EV chargers and another $7.5 billion for low or zero-emission buses and ferries.
Coinbase shares drop after third-quarter revenue misses analysts' estimates
$Coinbase (COIN.US)$ reported weaker-than-expected revenue for the third quarter. The number of monthly transacting users dropped from the prior period, dropping to 7.4 million from 8.8 million in the second quarter. The stock sank more than 13% in extended trading. Both bitcoin and ethereum hit new all-time highs this week.
GE to break up into 3 companies focusing on aviation, health care and energy
The company will be divided into separate units focused on aviation, health care and energy. The decision by GE earned praise from Wall Street analysts Tuesday morning. $GE Aerospace (GE.US)$ shares have badly underperformed the market over the last two decades.
DoorDash stock rockets on deal to acquire international delivery platform Wolt for $8.1 billion
$DoorDash (DASH.US)$ announced Tuesday it's acquiring Wolt, a food delivery platform that's expanded into groceries and retail, in an all-stock transaction valued at $8.1 billion. Wolt has about 4,000 employees and operates in 23 countries.
The move is an effort to accelerate the company's international growth. Shares of DoorDash popped more than 24% in after-hours trading following an initial dip.
Palantir reports 36% revenue growth, projects strong finish to year
$Palantir (PLTR.US)$ reported third-quarter earnings Tuesday that beat analyst expectations on revenue and met earnings estimates. The company said it expects revenue from the current quarter to come in at $418 million, above current estimates of $402 million. Shares of Palantir closed down 9.35% at $24.25.
Source: Bloomberg, WSJ, CNBC

$Futu Holdings Ltd (FUTU.US)$ Ladies and gentlemen, today let’s witness 3 standard deviations movement. In layman language, FUTU may hit 70 today . 💪 pray hard . 😂buy Low sell high is the motto, shorting is just too dangerous since it could have unlimited losses.. shorties play with care.

$Futu Holdings Ltd (FUTU.US)$
300m buyback and 18/11 Q3 financial report! Everyone, be patient for a few more days, after the middle of the month, futubull will rise, everyone relax, don't be scared by the bears.

The two-week COP26 climate summit is underway today in Glasgow, Alt energy has significantly lagged the S&P 500 year-to-date, but has meaningfully outperformed over the last month.
The $iShares Global Clean Energy ETF (ICLN.US)$ is down 13.4%, but up 9.1% in the last month.
Its top holdings in order are $VESTAS WIND ADR (VWDRY.US)$ , $Enphase Energy (ENPH.US)$ , $ORSTED A/S UNSP ADR EACH REPR 0.333 ORD SHS (DNNGY.US)$ , $Consolidated Edison (ED.US)$ and $Plug Power (PLUG.US)$ .
The $Invesco Solar ETF (TAN.US)$ is down 8.3% year to date and up 14.8% in the last month.
It has the biggest holding in $SolarEdge Technologies (SEDG.US)$ at 11%, followed by Enphase, First Solar, Xinyi Solar and $Daqo New Energy (DQ.US)$ .
The $First Trust Nasdaq Clean Edge Green Energy Index Fund (QCLN.US)$ is up 3.4% year to date and up 11.5% in the last month.
$Tesla (TSLA.US)$ is the top holding at 10.3%, followed by $NIO Inc (NIO.US)$ , $Albemarle (ALB.US)$ and $ON Semiconductor (ON.US)$ .