Wall Street Today | Global Stocks Pin Hopes of Year-End Rally on Earnings Resilience
MACRO
After Punishing Year for Stocks, Investors Aren't Betting on Post-Midterm Rally
U.S. stocks have a spotless eight-decade record of rising after midterm elections, but investors and strategists are skeptical over whether November races will spark a rebound in this year's bruised markets.
Global Stocks Pin Hopes of Year-End Rally on Earnings Resilience
Investors are primed for any bit of good news to help them forget a brutal quarter for stocks that took this year's value destruction to $24 trillion. A resilient corporate earnings season might give them that.
SECTORS
OPEC+ to Weigh Production Cut to Bolster Oil Prices
OPEC+ is set to consider Wednesday its most drastic reduction of production since the pandemic in order to help prop up falling oil prices, a move that could put pressure on global economic growth. OPEC+ is considering a cut of more than 1 million barrels a day, delegates in the group said.
>>Read More
>>Read More
Russia's Novak Says Possible to Repair Nord Stream Pipelines
It should be technically possible to repair undersea ruptures to the Nord Stream pipelines, Russia’s Deputy Prime Minister Alexander Novak said Sunday, according to the Tass news agency.
COMPANY
Tesla Deliveries Bounce Back to Record, Though Dented by Distribution Delays
$Tesla(TSLA.US$ vehicle deliveries rebounded to a record in the most recent quarter, though the figure was short of Wall Street’s forecasts and leaves the company requiring a further increase in the final three months of 2022 to meet annual growth objectives. Tesla on Sunday said it had delivered 343,830 vehicles to customers in the three-month period ended in September.
>>Read More
>>Read More
Elon Musk Shows off Humanoid Robot Prototype at Tesla AI Day
Tesla's AI Day 2022 was mainly a recruiting event, according to CEO Elon Musk. The company showed early prototypes of a humanoid robot and said it's developing special batteries and actuators for them. Musk said he thinks it will be possible for customers to get an Optimus humanoid robot from Tesla in 3 to 5 years.
Coinbase Resolves Problem That Halted Payments From US Banks
Crypto exchange $Coinbase(COIN.US$ said it fixed an issue that prevented the company from processing transactions with US bank accounts for more than five hours.
Amazon Boasts 25% Increase in UK Marketplace Sellers
The number of small and medium-sized British businesses selling over $Amazon(AMZN.US$'s marketplace soared by more than 25% in 2021, faster than in Germany, France or Italy.
Source: Bloomberg, Dow Jones, CNBC
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo News Official Account
In 10 minutes it’s history. At four I’m a dinosaur!
36KFollowers
26Following
38KVisitors
Follow
Giovanni Ayala :
meruson : I don't know what to do. No, no.
tough Giraffe_6420 : of course no one has any faith in stock price increases after mid term elections. look at the cesspool of child molesters, thieves,, faschists and con artists that people have to choose from when jt comes to politics. stock prices will, however rise this month as they historically have done after september historically is the worst month for stock prices. im predicting an 8 percent rise in apple, 15% rise on tesla stock, 7 percent with Google and maybe a 2.35% or better rrise in Microsoft stock prices. if carefully watched amd managed, one will easily be able to increase their ownership percentages of fractional shares and/or clean up cashing out their earned equity while maintaining their shares.