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December 1: Coffee hit record highs, Stocks Best Month This Year, Germany says prepare for War (Recap ep298)
In today’s recap, Marcello talks about coffee prices hitting their highest levels since 1977, driven by record-breaking droughts in Brazil and Vietnam. U.S. stock markets had their best month of the year in November, capped by a Thanksgiving holiday break. Meanwhile, Germany has made headlines with a stark warning to corporations to “prepare for war,” adding a dramatic geopolitical twist to an already eventful week.
U.S. stock markets posted their biggest monthly gains this year in November, as chip stocks rallied on Friday, after it was reported that the outgoing Biden administration was considering additional barriers on the sale of semiconductor equipment to China, that weren’t as strong as previously expected. The S&P 500 & Dow rose modestly to close at records in a holiday-shortened session. Dow +0.42% (+188.59) at 44,910.65, at a new intraday high. S&P 500 +0.56% (+33.64) at 6,032.38, a new all time high. NASDAQ +0.83% (+157.69) at 19,218.17.
India’s economy is forecast to expand by +6.5% in its 2nd fiscal quarter, according to economists. Should the figure prove accurate, the country would see its slowest year-on-year quarterly growth since the quarter ended March 2023. India’s economy had expanded by +6.7% in the 1st fiscal quarter. The +6.5% estimate is below the Reserve Bank of India’s forecast of +7% made in October. Agriculture makes up over +18% of India’s GDP.
The U.S. PC maker Dell Technologies shares -12.25% on Wednesday at $124.30, after the firm reported a revenue miss & forecast Q4 revenue & earnings below analyst expectations. Dell came in at $24.37B in revenue for the quarter, a/y/y increase of +9.5%. EPS of $2.15 vs $1.88 a year ago. The reported revenue represents a surprise of -0.79% over the analyst estimate of $24.56B. With the consensus EPS estimate being $2.06, a surprise hike +4.37%. Before Tuesday evening’s earnings report, investors saw the firm as one of the most important companies selling tools & systems for artificial intelligence developers.
The post December 1: Coffee hit record highs, Stocks Best Month This Year, Germany says prepare for War (Recap ep298) appeared first on Investing & Day Trading Education: Day Trading Academy.
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In today’s recap, Marcello talks about coffee prices hitting their highest levels since 1977, driven by record-breaking droughts in Brazil and Vietnam. U.S. stock markets had their best month of the year in November, capped by a Thanksgiving holiday break. Meanwhile, Germany has made headlines with a stark warning to corporations to “prepare for war,” adding a dramatic geopolitical twist to an already eventful week.
U.S. stock markets posted their biggest monthly gains this year in November, as chip stocks rallied on Friday, after it was reported that the outgoing Biden administration was considering additional barriers on the sale of semiconductor equipment to China, that weren’t as strong as previously expected. The S&P 500 & Dow rose modestly to close at records in a holiday-shortened session. Dow +0.42% (+188.59) at 44,910.65, at a new intraday high. S&P 500 +0.56% (+33.64) at 6,032.38, a new all time high. NASDAQ +0.83% (+157.69) at 19,218.17.
India’s economy is forecast to expand by +6.5% in its 2nd fiscal quarter, according to economists. Should the figure prove accurate, the country would see its slowest year-on-year quarterly growth since the quarter ended March 2023. India’s economy had expanded by +6.7% in the 1st fiscal quarter. The +6.5% estimate is below the Reserve Bank of India’s forecast of +7% made in October. Agriculture makes up over +18% of India’s GDP.
The U.S. PC maker Dell Technologies shares -12.25% on Wednesday at $124.30, after the firm reported a revenue miss & forecast Q4 revenue & earnings below analyst expectations. Dell came in at $24.37B in revenue for the quarter, a/y/y increase of +9.5%. EPS of $2.15 vs $1.88 a year ago. The reported revenue represents a surprise of -0.79% over the analyst estimate of $24.56B. With the consensus EPS estimate being $2.06, a surprise hike +4.37%. Before Tuesday evening’s earnings report, investors saw the firm as one of the most important companies selling tools & systems for artificial intelligence developers.
The post December 1: Coffee hit record highs, Stocks Best Month This Year, Germany says prepare for War (Recap ep298) appeared first on Investing & Day Trading Education: Day Trading Academy.
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