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    Let me tell you....Investing with moomoo and I are planning for something interesting!ShhhShhhShhhShhh
    You could join the discussion as early as next Monday! Please look forward to the new events!
    btw, I bet the market will up this week!$Dow Jones Industrial Average(.DJI.US)$$S&P 500 index(.SPX.US)$$Nasdaq Composite Index(.IXIC.US)$
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    ColumnWall Street Today | Self-driving stocks join EVs as next retail trader obsession

    Stocks face pressure from virus, taper; Oil falls
    Stocks looked set to fall Monday on concerns about European Covid-19 curbs and the risk of a faster withdrawal of Federal Reserve stimulus. The Treasury yield curve was near the flattest since the pandemic's onset.
    Shares fell in Australia as did equity futures for Japan and Hong Kong, while U.S. contracts edged up. Sectors sensitive to the economic outlook led the $S&P 500 index(.SPX.US)$ lower Friday, while the technology-heavy $NASDAQ 100 Index(.NDX.US)$ outperformed in an echo of the stay-at-home trade.
    Global IPOs blow past $600 billion mark in best year on record
    Global initial public offerings have smashed their previous record this year, propelled by a blank-check boom and companies cashing in on high valuations.
    With six weeks to go, about 2,850 businesses and special purpose acquisition companies have raised more than $600 billion in IPOs, leaving the records for both deal count and proceeds reached in 2007 in the dust, according to data compiled by Bloomberg.
    El Salvador plans tokenized bitcoin bonds and tax-free 'bitcoin city'
    El Salvador intends to issue the world's first sovereign Bitcoin bonds and build Bitcoin City, which will be free of income, property and capital gains taxes, President Nayib Bukele announced in the beach town of Mizata to a crowd of cheering Bitcoin enthusiasts.
    El Salvador plans to issue $1 billion in tokenized U.S.-dollar denominated 10-year bonds to pay 6.5% via the Liquid Network, according to Samson Mow, chief strategy officer of blockstream.
    Self-driving stocks join EVs as next retail trader obsession
    Self-driving technology companies are the latest automotive stocks to become an obsession of retail traders, with firms like $Aurora Innovation(AUR.US)$ surging Friday on high volume.
    The stock is now up 71% this week. While Aurora's advance was the most stark, other stocks also rose sharply. $TuSimple(TSP.US)$, which makes self-driving technology for heavy-duty and semi trucks, gained as much as 7.9% before closing up 5.9%.
    Market is 'one more bad inflation report' away from a correction, Wharton's Jeremy Siegel warns
    Long-term market bull Jeremy Siegel expects a serious pullback that it isn't tied to the Covid-19 surge risks.
    "If the Fed suddenly gets tougher, I'm not sure that the market is going to be ready for a U-turn that [chair] Jerome Powell may take if we have one more bad inflation report," the Wharton finance professor told CNBC on Friday. "A correction will come."
    Rocket builder Astra reaches orbit for the first time
    $Astra Space(ASTR.US)$ reached orbit for the first time with rocket LV0007 on Saturday. Astra joins SpaceX, $Rocket Lab(RKLB.US)$ and $Virgin Galactic(SPCE.US)$ in the group of U.S. companies that have reached orbit with a privately-funded rocket.
    The company's rocket is 43 feet tall and fits in the small rocket segment of the launch market. Astra's goal is to eventually launch as many of its small rockets as it can, aiming to launch one rocket a day by 2025 and drop its $2.5 million price point even further.
    Levi Strauss CEO expects strong holiday sales as Americans unleash pent-up demand
    "We're expecting a really strong holiday season, and it’s all being fueled by a super-strong consumer right now," $Levi Strauss & Co.(LEVI.US)$ CEO Chip Bergh told CNBC. "The home balance sheet has probably not been stronger than this in a real long time," Bergh said in an interview that aired Friday on "Mad Money."
    Nvidia CEO says the metaverse could save companies billions of dollars in the real world
    $NVIDIA(NVDA.US)$ CEO Jensen Huang told CNBC on Friday that running simulations in the metaverse can deliver real-world benefits to corporations. Huang said that’s why companies are willing to invest in the creation of virtual reality universes.
    "We waste a whole bunch of things to overcompensate for the fact that we don't simulate," he said.
    Source: Bloomberg, WSJ, CNBC
    Wall Street Today | Self-driving stocks join EVs as next retail trader obsession
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    ColumnWall Street Today | Amazon to stop accepting U.K.-issued Visa credit cards

    Asian stocks set to drop amid inflation concerns
    Asian stocks looked set to fall Thursday as the prospect of faster monetary-policy tightening to tackle inflation looms over the global economic recovery. Treasury yields and the dollar retreated.
    Australian equities slipped and futures for Japan and Hong Kong were in the red. U.S. shares pulled back amid home building data signaling high materials prices and labor shortages, while retailer Target sank on concerns that rising costs will dent margins. $S&P 500 index(.SPX.US)$ contracts were steady, while $NASDAQ 100 Index(.NDX.US)$ futures edged up.
    Retail traders slide back below 20% of market's total volume
    The worst quarter for the S&P 500 since the start of the pandemic appears to have driven away some do-it-yourself investors.
    The retail trading surge that began with pandemic lockdowns has now abated, as total equity volume from individual investors fell to 19% in the third quarter, down from 24% at the start of this year, according to Securities and Exchange Commission and market data compiled by Bloomberg Intelligence.
    Oil slips to nearly six-week low as traders weigh SPR release
    Futures in New York closed down 3% on Wednesday with both benchmarks dropping below their 50-day moving averages. President Joe Biden and his Chinese counterpart Xi Jinping discussed the merits of releasing oil from their reserves in a virtual summit Monday but didn't make a decision, according to officials familiar with the discussions.
    In a letter on Wednesday, President Biden urged the Federal Trade Commission to probe possible illegal conduct in U.S. gasoline markets.
    Metaverse stocks buzzing in Korea with multiple ETF launches
    Korea’s ETFs focused on the metaverse, many of them newly listed, have seen double-digit gains this month to trump the Kospi benchmark's 0.3% decline.
    Prices for Mirae Asset Tiger Fn Metaverse ETF -- the largest in the country by market value, Samsung Kodex K-Metaverse Active ETF, NH-Amundi HANARO K-Metaverse MZ ETF and KB KBSTAR iSelect Metaverse ETF have jumped by at least 24% since they all launched on Oct. 13.
    Amazon to stop accepting U.K.-issued Visa credit cards
    $Amazon(AMZN.US)$ said it would stop accepting $Visa(V.US)$ U.K. credit cards because of their high fees, a move that marks a major escalation in the retail giant's yearslong battle with the card network.
    "These costs should be going down over time with technological advancements," the Amazon spokesman said, "but instead they continue to stay high or even rise."
    Nvidia posts record revenue as videogaming sales soar
    Graphics-chip company $NVIDIA(NVDA.US)$ posted another quarter of record sales amid supercharged demand for videogaming and data centers. Stocks rose around 4.8% in aftermarket trading following the results.
    Nvidia said Wednesday that sales for the third quarter rose 50% to $7.1 billion, generating net income of $2.46 billion, surpassing Wall Street expectations. Revenue was buoyed by record videogaming sales of $3.2 billion, up 42% from the year-ago period, and record data-center sales, up 55% from the same time a year earlier.
    Rivian shares close down 15%, bucking post-IPO rally
    $Rivian Automotive(RIVN.US)$ went public last Wednesday in one of the biggest IPOs of the year. But shares ended a weeklong rally Wednesday, as investors pulled back from a monster run as speculation in the name eased after it surpassed $General Motors(GM.US)$ and $Ford Motor(F.US)$ in market value.
    Target, TJX post strong sales, say they have plenty in stock for Black Friday
    $Target(TGT.US)$ said comparable sales, those from stores or digital channels operating at least 12 months, rose 12.7% for the quarter ended Oct. 30. The company's operating profit margins declined as the discounter absorbed higher expenses. $TJX Companies(TJX.US)$ said comparable sales for open stores increased 14% from fiscal 2020, while net sales rose 24% from the previous year, to $12.5 billion.
    Shares of Target declined 4.7% Wednesday, while TJX shares advanced 5.8%.
    Source: Bloomberg, WSJ, CNBC
    Wall Street Today | Amazon to stop accepting U.K.-issued Visa credit cards
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    ColumnWall Street Today | Day traders pile into EV stocks; Rivian has been a focus

    Asia stocks set for steady open; Yields, dollar up
    Asian stocks looked set for a steady start Wednesday as traders weigh a climb in Wall Street shares, Treasury yields and the dollar amid robust U.S. economic data and more calls for tighter monetary policy.
    Futures for Japan rose, while Hong Kong's dipped. Australia slipped at the open. U.S. futures fluctuated after equities extended their rally overnight, buoyed by robust retail sales and factory output and generally solid reports from Walmart and Home Depot. But concerns linger that high inflation could eventually bite, and Federal Reserve Bank of St. Louis President James Bullard called for more hawkish monetary policy.
    JPMorgan says tech investment to power 2022 market
    Stock investors looking to 2022 should keep technology in mind not just as a growth play, but as the engine for better profit margins across the whole market, says David Lebovitz of JPMorgan Asset Management.
    Investors next year are likely to see "investment spending kick in as a key driver of economic growth," the firm's global market strategist said in an interview Tuesday on Bloomberg TV's Surveillance. "A lot of that has to do with technology."
    Day traders pile into EV stocks even as Tesla sells off
    Retail investors bought $378 million in shares of electric-vehicle carmakers over the past week, including high-flying $Rivian Automotive(RIVN.US)$ and $Lucid Group(LCID.US)$, and also $Ford Motor(F.US)$, according to data compiled by Vanda Research.
    Rivian in particular has been a focus since its initial public offering, as the stock has doubled its $78 IPO price and the company now sports a market value of around $150 billion, which is more than Volkswagen AG.
    Retail sales rose by 1.7% in October despite high inflation
    American consumers withstood rising inflation to power a strong start to the holiday shopping season, with big retailers reporting higher sales and expectations for a solid finish to the year.
    Sales at U.S. retail stores, online sellers, and restaurants rose by a seasonally adjusted 1.7% in October compared with the previous month, the Commerce Department said. Consumers continued their stepped-up spending despite continued Covid-19 fears and inflation concerns.
    Walmart falls behind soaring Home Depot in market value
    $Walmart(WMT.US)$ has fallen behind $Home Depot(HD.US)$ in market value despite having much higher revenue. Home Depot climbed 4.5%, while Walmart fell 2.1% on Tuesday.
    The shift reflects investors' growing concerns about Walmart this year, even as $Costco(COST.US)$, $Target(TGT.US)$ and $The Kroger(KR.US)$ have outpaced the broader U.S. stock market. After Walmart stock posted double-digit returns last year and in 2019, the shares have stagnated amid questions about its prospects for long-term growth.
    Qualcomm hits record high after it tells investors it will grow without Apple
    $Qualcomm(QCOM.US)$ stock closed up 7.9% Tuesday after it issued bullish forecasts at an investor’s conference in New York. Qualcomm is best known as a supplier of wireless chips and processors for mobile phones but said on Tuesday that it had diversified its business.
    Qualcomm currently supplies wireless connectivity chips for $Apple(AAPL.US)$’s devices but Qualcomm said it predicts it will only supply 20% of the modem chips needed for the 2023 iPhone.
    JPMorgan sues Tesla for $162m over Musk's 'funding secured' tweet
    $JPMorgan(JPM.US)$ has sued Tesla for $162m, alleging that the automaker failed to make a required payment that was triggered after chief executive Elon Musk's 2018 announcement that he was considering taking the company private.
    Netflix begins reporting viewer numbers for its biggest hits
    $Netflix(NFLX.US)$ will begin regularly reporting viewership numbers for its top programmes and films, a major shift in strategy for the streaming company that has carefully guarded its data over the past decade.
    The company said it will report every week how many hours people spent watching its top 10 TV shows and movies, for both English and non-English titles, including Netflix originals and content licensed from third parties.
    Source: Bloomberg, WSJ, CNBC, Financial Times
    Wall Street Today | Day traders pile into EV stocks; Rivian has been a focus
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    ColumnElon Musk is close to selling his last remaining house

    Elon Musk had stated last year that he was selling all of his physical possessions in order to divert his full attention to the colonization of Mars.Keep FightingKeep Fighting
    "It's going to take a lot of resources to build a city on Mars," Musk said last year. "I want to be able to contribute as much as possible to the city on Mars. That means just a lot of capital."
    In June, when the Hillsborough home listed for $37.5 million, Musk called it his "last remaining house." He says he lives in a small, inexpensive house in Texas that he rents from his rocket company, SpaceX.
    Now he seems to have found a buyer for what he says is his last remaining home. DollarDollar
    Musk has accepted an initial offer for his vast estate outside of San Francisco, according to a Zillow listing for the property. The property is listed as "contingent," meaning the seller has accepted an offer but is still negotiating conditions of the sale.
    After selling all houses on earth, is Musk's "Mars house" getting closer?JoyfulJoyful
    Elon Musk is close to selling his last remaining house
    Elon Musk is close to selling his last remaining house
    Elon Musk is close to selling his last remaining house
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    ColumnWhat to expect in the week ahead (NVDA, WMT, BABA, LCID)

    Weekly market recap
    Stocks are coming off a losing week after last month's consumer price index made its largest annual increase in more than three decades. The major averages snapped a five-week winning streak.
    The $Dow Jones Industrial Average(.DJI.US)$ dipped 0.6% and the $S&P 500 index(.SPX.US)$ eased 0.3% last week. The tech-focused $Nasdaq Composite Index(.IXIC.US)$ was the main underperformer, dropping 0.7% as rising bond yields dented growth pockets of the market.
    Here's a look at the return of S&P 500 sectors
    This week ahead in focus
    Third-quarter earnings season is entering the period when retailers dominate the daily reports. Big names will include Advance Auto Parts on Monday, followed by Walmart and Home Depot on Tuesday. Then Target, Lowe's, and TJX report on Wednesday and Alibaba Group Holding go on Thursday.
    Non-retail highlights on the earnings calendar this week will include Lucid Group and Tyson Foods on Monday, Nvidia and Cisco Systems on Wednesday, and Applied Materials on Thursday.
    Economic data releases this week include the Census Bureau's October retail-sales report on Tuesday and the Conference Board's Leading Economic Index for October on Thursday. Both are forecast to have climbed 0.8% from September.
    Monday 11/15
    $Advance Auto Parts(AAP.US)$ , $Lucid Group(LCID.US)$ , $Tyson Foods(TSN.US)$ , and $Warner Music(WMG.US)$ release quarterly results.
    $Automatic Data Processing(ADP.US)$ hosts its 2021 investor day in Roseland, N.J.
    Tuesday 11/16
    $Walmart(WMT.US)$ reports third-quarter fiscal-2022 earnings before the opening bell. Shares of the retail behemoth have trailed the S&P 500 by 21 percentage points this year, despite Walmart raising full-year guidance.
    $Home Depot(HD.US)$ and $TransDigm(TDG.US)$ report earnings.
    $Cboe Global Markets(CBOE.US)$, $Enphase Energy(ENPH.US)$, $Hartford Financial Services(HIG.US)$, and $Qualcomm(QCOM.US)$ hold their annual investor days.
    $Bristol-Myers Squibb(BMY.US)$ hosts an investor meeting in New York. CEO Giovanni Caforio will discuss the company's drug pipeline and strategic opportunities.
    The National Association of Home Builders releases its NAHB/Wells Fargo Housing Market Index for November. Consensus estimate is for an 80 reading, even with the October figure. The index is off about 10% from its peak late last year, but home builders remain bullish on the housing market.
    The Census Bureau reports on retail-sales spending for October. Expectations are for 0.8% month-over-month increase in retail sales. Excluding autos, spending is seen rising 0.9% This compares with gains of 0.7% and 0.8%, respectively, in September.
    Wednesday 11/17
    $Cisco(CSCO.US)$ , $Lowe's Companies(LOW.US)$ , $NVIDIA(NVDA.US)$ , $Target(TGT.US)$ , and $TJX Companies(TJX.US)$ announce quarterly results.
    The Census Bureau reports new residential construction data for October. Economists forecast that privately owned housing starts will increase 2.2% to a seasonally adjusted annual rate of 1.59 million.
    Thursday 11/18
    $Alibaba(BABA.US)$ , $Applied Materials(AMAT.US)$ , $Intuit(INTU.US)$ , $JD.com(JD.US)$ , $Ross Stores(ROST.US)$ , and $Workday(WDAY.US)$ hold conference calls to discuss earnings.
    $Cognizant(CTSH.US)$ , $Ingersoll Rand(IR.US)$ , and $Stryker Corp(SYK.US)$ host investor meetings.
    $Johnson & Johnson(JNJ.US)$ holds an investor meeting to discuss its pharmaceuticals business.
    Liberty Media hosts its annual investor meeting in New York. Companies presenting at the event are a mix of those owned by Liberty and those in which Liberty has a sizable stake, including the Atlanta Braves,$Charter Communications(CHTR.US)$, $Live Nation Entertainment(LYV.US)$, and $TripAdvisor(TRIP.US)$.
    The Conference Board releases its Leading Economic Index for October. The consensus call is for a 0.8% monthly gain, to a 118.4 reading. The Conference Board is currently projecting a 5.7% GDP growth rate this year.
    Friday 11/19
    $Foot Locker(FL.US)$ reports earnings for its fiscal third quarter.
    Source: CNBC, Dow Jones Newswires, jhinvestments
    What to expect in the week ahead (NVDA, WMT, BABA, LCID)
    What to expect in the week ahead (NVDA, WMT, BABA, LCID)
    What to expect in the week ahead (NVDA, WMT, BABA, LCID)
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    ColumnWall Street Today | Musk taunts Bernie Sanders, suggests he'd sell more TSLA

    Stocks set for steady start ahead of China data
    Asian stocks looked set for a steady open Monday as traders await key Chinese economic data and monitor bond-market volatility triggered by high inflation and the prospect of tighter monetary policy.
    Australian shares edged up, while futures for Japan and Hong Kong rose. U.S. contracts pushed higher after technology shares bolstered the S&P 500 on Friday, underlining the stock market's resilience to price pressures stoked by supply chain and labor disruptions. The yen slipped.
    Morgan Stanley economists see 2023 Fed hike, differ with CEO
    $Morgan Stanley(MS.US)$ economists are sticking with their prediction that the Federal Reserve won't raise interest rates until 2023, breaking ranks with their own chief executive officer.
    The economists sound more dovish than Morgan Stanley CEO James Gorman. He expressed concern last month that "money is a bit too free and available right now," and said the Fed should "start moving" in the first quarter of 2022.
    Profit-plumped stock market walks past inflation shock with barely a bruise
    It took the hottest inflation print in 3 decades to finally halt the $S&P 500 index(.SPX.US)$'s five-week advance. But it was hardly a body blow for a stock market where resilience continues to be the headline story.
    Companies across industries have managed to navigate supply chain bottlenecks and climbing input costs by raising prices, which have been readily absorbed by consumers -- so far.
    Oil traded at almost $150 the last time $4 gasoline hit 3 states
    U.S. retail gasoline prices are poised to average more than $4 a gallon in three states for the first time in 13 years as energy prices surge and fan fears of inflation.
    The average price of gasoline is already above $4 a gallon in California and Hawaii and, at $3.97 a gallon, is poised to cross the mark in Nevada as well, according to AAA. The last time that happened in three states at the same time was in 2008, a time when oil surged to an all-time record of more than $147 a barrel.
    Musk taunts Bernie Sanders, suggests he'd sell more Tesla stock
    Elon Musk, the world's wealthiest person, began his Sunday sparring with U.S. Senator Bernie Sanders, who tweeted a day earlier that "we must demand that the extremely wealthy pay their fair share." Musk even raised the notion of selling more of his $Tesla(TSLA.US)$ shares, which would require him to pay taxes on the gains.
    "I keep forgetting that you're still alive," Musk, the chief executive officer of Tesla and SpaceX, tweeted in a reply to the 80-year-old senator from Vermont. In a subsequent tweet, Musk asked: "Want me to sell more stock, Bernie? Just say the word…"
    Trumps selling prized Washington, D.C., hotel for $375 million
    Donald Trump's family hotel company has reached an agreement to sell the rights to its glittering Washington, D.C., hotel for $375 million, according to people familiar with the matter.
    The House committee said the hotel lost more than $70 million between its opening in 2016 and last year, leading the Trumps' company to inject at least $24 million in aid. The Trumps have disputed those findings.
    Chip shortage has manufacturers turning to lower-tech models
    Manufacturers struggling with a shortage of semiconductor chips are finding workarounds, executives said, redesigning products, shipping uncompleted units and focusing on older, lower-tech models.
    After pushing for years to add digital features like screens and wireless connectivity, makers of appliances and vehicles are reversing, temporarily, to continue supplying products to dealers and consumers amid a shortfall in semiconductors that industry officials project will last into next year.
    Inflation bets give a boost to small-cap stocks
    Small-cap stocks have leapt higher in recent days as investors bet on companies they hope can respond quickly to rising inflation.
    The $Russell 2000 Index ETF Vanguard(VTWO.US)$ of smaller stocks has advanced 5% in November, outpacing the S&P 500 large-cap benchmark's 1.7% gain. On Nov. 2, the Russell 2000 ended a seven-month drought with a record close and has since added three more.
    Within the small-cap corner of the stock market, recent strong performers include teen-apparel retailer $Abercrombie & Fitch(ANF.US)$, up 16% in November; $Tanger Factory Outlet Centers Inc(SKT.US)$, up 20%; burger joint $Shake Shack(SHAK.US)$, up 22%; and $Goodyear Tire & Rubber(GT.US)$, up 23%.
    Source: Bloomberg, WSJ
    Wall Street Today | Musk taunts Bernie Sanders, suggests he'd sell more TSLA
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    ColumnCongrats! Winners for 10.18-10.24


    Hey mooers, sorry for the late!Sob Here's the winners for 10.18-10.24.
    Thank you all for joining the discussions! I'm so surprised by your interesting ideas!DroolDroolDrool
    Congrats to the 45 winners! I see some familiar IDs in the list. Check out yourself.Cool Guy
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    Congrats again! You will get your reward points in the coming days.DroolDrool
    Investing with moomoo and I might hold 'The Boxing Ring: Season 2' in the future. Please look forward to our future events!HeartHeartHeart
    Congrats! Winners for 10.18-10.24
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