Investors are concerned that Trump's potential trade tariffs could exacerbate inflation, as retail sales rose 0.7% in November. The Dow Jones is on track for its longest losing streak since the 1970s, while Nvidia faces challenges with thermal issues in its chips, impacting its stock. Tesla continues to rise, with analysts projecting a bullish outlook for 2025.
President Joe Biden has endorsed a ban on congressional stock trading, stating that lawmakers should not profit from the stock market while in office. This comes amid ongoing debates in Congress, particularly after instances of stock trading during the pandemic. Although a bipartisan proposal exists, it has yet to be voted on, and Biden emphasized the need for legal changes to prevent conflicts of interest.
Shares dipped 0.7% early Tuesday, with Nvidia and Tesla making headlines. Nvidia fell 1.8% in premarket trading after hitting a sell signal, while Tesla surged 2.6% following an upgrade from Mizuho, reaching new highs.The Dow Jones futures dropped 0.5% as retail sales exceeded expectations, and the Federal Reserve's policy meeting began, with a high probability of a rate cut. Notable stocks to watch include BlackRock, IBM, and Manhattan Associates, with IBM nearing a buy point.
The S&P 500 and Nasdaq Composite reached new highs, while the Dow faced its eighth consecutive loss as investors await the Federal Open Market Committee's interest rate decision. Despite a positive trend in new highs, breadth data indicates underlying market weakness, with more decliners than advancers. Nvidia's stock correction continues, raising concerns about future sales, yet analysts remain optimistic about tech stocks' growth driven by the AI Revolution.
The Australian Climate Leaders Coalition, backed by major companies like Microsoft, Nestlé, and Unilever, is advocating for a transition to a circular economy to reduce greenhouse gas emissions and boost GDP by AU$210bn by 2048. A report highlights the need for CEOs to embrace circularity beyond recycling, emphasizing integration into business strategies and collective action. Key capabilities for success include stakeholder management, enabling technologies, and behavioral engagement.
The Dow Jones Industrial Average rose 0.1% as markets anticipated a Federal Reserve meeting, while Super Micro Computer plummeted 10% after being removed from the Nasdaq 100. Notable stocks included Palantir, MicroStrategy, and Axon, with earnings reports from Darden, Nike, and FedEx expected this week.
Stock futures are set to rise as investors brace for the Federal Reserve's upcoming interest rate decision, with the Dow Jones and S&P 500 up 0.2% and 0.3%, respectively. Bitcoin reached a record high of around $104,000, buoyed by optimism surrounding the new administration. Major tech stocks showed gains, while Super Micro Computer faced a 12% drop ahead of its removal from the Nasdaq 100.
In turbulent times, investors face challenges from economic fluctuations and geopolitical crises, yet capital markets are performing well, with many stock markets nearing all-time highs. Experts emphasize the importance of focusing on long-term asset building and not being swayed by negative news. Artificial intelligence is highlighted as a transformative technology, with potential game changers likely to emerge from lesser-known companies rather than established tech giants.
Uranium prices have faced a downturn, with Paladin Energy becoming the most shorted stock on the ASX, down over 20% after cutting its 2025 production guidance. Despite UBS's bearish outlook, they still rate Paladin and Boss Energy as "buys," citing overselling. Meanwhile, Morgan Stanley and Bank of America project a potential price rebound, forecasting uranium to rise to $90 a pound by mid-2025 and $120 a pound next year, driven by increasing demand and supply constraints.
MicroStrategy (MSTR) will become the first bitcoin-focused company listed on the Nasdaq-100, significantly increasing the index's bitcoin exposure with its $42 billion in holdings. This inclusion could attract billions in passive investments, although analysts warn that a potential reclassification as a financial firm may jeopardize its long-term membership. The move may also prompt changes in other major indices, further integrating bitcoin into mainstream financial markets.
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