eToroInvestment @eToroInvestment: "🔔 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲 🔔 🔹𝗧𝗵𝗲..."

eToro

🔔 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲 🔔 🔹𝗧𝗵𝗲 𝗗𝗮𝘆 𝗔𝗵𝗲𝗮𝗱 Today's focus: Earnings reports from $WMT (Walmart Inc.), $BABA (Alibaba-ADR), $AMAT (Applied Materials Inc), $M. Watch for significant share movements in $GPS, $BBWI (Bath & Body Works Inc) Works. Also, don't miss $FMC (FMC Corp) Corporation and $NMIH (NMI Holdings Inc) 's key Investor Days. 🔹𝗪𝗮𝗸𝗲 𝘂𝗽 𝗘𝘂𝗿𝗼𝗽𝗲 European stocks are set to dip after three consecutive days of gains. Key speakers, including European Commission President Ursula von der Leyen in Berlin and ECB President Christine Lagarde at a risk conference, take the stage. Netherlands' job data and earnings from $SIE.DE (Siemens Aktiengesellschaft), $AGN.NV (Aegon Ltd) and $HLMA.L (Halma PLC) are anticipated. 🔹𝗡𝘃𝗶𝗱𝗶𝗮 𝗙𝗮𝗰𝗲𝘀 𝗛𝗲𝗱𝗴𝗲 𝗙𝘂𝗻𝗱 𝗦𝗲𝗹𝗹-𝗢𝗳𝗳 Despite a 234% surge in 2023, leading the $SPX500, $NVDA (NVIDIA Corporation) confronts hedge fund sell-offs, including those connected to Dan Loeb, George Soros, and Stanley Druckenmiller. This trend emerges even as demand for Nvidia's H100 chips boosts AI sector growth, with the company's valuation surpassing $1 trillion, prompting these funds to realize profits. 🔹𝗕𝗶𝗱𝗲𝗻-𝗫𝗶 𝗦𝘂𝗺𝗺𝗶𝘁 𝗠𝗮𝗿𝗸𝘀 𝗣𝗿𝗼𝗴𝗿𝗲𝘀𝘀 𝗶𝗻 𝗨.𝗦.-𝗖𝗵𝗶𝗻𝗮 𝗥𝗲𝗹𝗮𝘁𝗶𝗼𝗻𝘀 At a crucial four-hour meeting, U.S. President Joe Biden and Chinese President Xi Jinping advanced U.S.-China relations, reaching consensus on military communications and combating the fentanyl crisis. Despite Biden's pointed comments about Xi, the summit drew major U.S. business figures like Ray Dalio and Tim Cook, indicating significant implications for leading companies including $JD.US (JD.com-ADR) and $BABA . 🔹𝗕𝗶𝗴𝗴𝗲𝘀𝘁 𝗟𝗼𝘀𝗲𝗿𝘀 𝗮𝗻𝗱 𝗪𝗶𝗻𝗻𝗲𝗿𝘀 𝗳𝗿𝗼𝗺 𝗥𝗲𝘁𝗮𝗶𝗹 𝗦𝗮𝗹𝗲𝘀 October retail sales: a mixed bag. A 2.5% YoY growth offset by a 0.1% MoM dip. Furniture and building materials struggled, while motor vehicles and health stores like $CVS (CVS Health Corp) and $WBA (Walgreens Boots Alliance Inc) saw gains. 🔹𝗢𝗰𝘁𝗼𝗯𝗲𝗿 𝗣𝗣𝗜 𝗗𝗿𝗼𝗽 𝗦𝗶𝗴𝗻𝗮𝗹𝘀 𝗖𝗼𝗼𝗹𝗶𝗻𝗴 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 In October, PPI fell by 0.5%, marking the largest drop since April 2020. This unexpected decline suggests cooling inflation, with energy costs driving down final demand goods prices. 🔹𝗠𝗢𝗩𝗘𝗥𝗦 & 𝗦𝗛𝗔𝗞𝗘𝗥𝗦 $SOL: Solana's price soared nearly 10% to $61.36, reflecting a broader altcoin rally and positive comments from Cathie Wood. $TGT (Target Corp): Target's shares surged 17% post Q3 earnings, outperforming analyst expectations with $2.10 EPS. $JD.US: JD.com's stock rose after reporting higher-than-expected adjusted earnings and net revenues. $DIS (Walt Disney): Disney's shares climbed, although Deutsche Bank adjusted its growth outlook and earnings estimates for 2024. $OIL: Oil prices dropped due to increased U.S. crude inventories and high production, amid Asian demand concerns. 🔹𝗖𝗼𝗺𝗶𝗻𝗴 𝗨𝗽 𝗧𝗼𝗱𝗮𝘆 Attention: US jobless claims data due at 1:30pm, potentially impacting USD currency pairs. 🔹𝗪𝗵𝗮𝘁 𝘁𝗼 𝗪𝗮𝘁𝗰𝗵 $WMT: Walmart set to reveal Q3 results, expected to maintain strong sales and EPS growth. $BABA: Anticipated Q2 results from Alibaba, following a 26% share surge and restructuring plans. ⚠️Please note, this is not investment advice⚠️ *Past performance is not indicative of future results.