November 18 (Saturday)
Latest Morning Briefing Executive Summary: Retailers, Semis & Quantum Computing
With consumers employed and feeling flush, the holiday selling season is starting off well. The recent quarterly earnings reports of a few big retailers were mixed, with TJX reporting good customer traffic while Home Depot and Target beat expectations. … Also: The S&P 500 Semiconductor industry’s price index has nearly doubled this ytd! But while some of its member stocks have posted outsized ytd gains, others have ytd drops. Jackie explores what’s fueling the price action. … And: Quantum computing is advancing by leaps and bounds. So is AI. Combine the two, as some companies are doing, and the innovation potential is astronomical.
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YRI
Daily Markets Overview
Replay of Dr. Ed’s webinar on November 13.
Markets
Small-Cap Stocks Are Finally Making Some Noise. Be Careful. | BR
This Hot Market May Not Last. Why Options Look Better Than Stocks. | BR
Copper Prices Are Rising Again—and So Is Freeport-McMoRan Stock | BR
Bad Credit? Car Loans You Can’t Afford Make Millions for Wall Street | B
High yield bond market may hold less junk than before: McGeever | R
Short-seller Jim Chanos to close hedge funds -WSJ | R
Central banks
Will the Fed Cut Rates in 2024? The Case That High Inflation Isn’t Over Just Yet. | BR
US I
Profit Recession Ends as a Challenging Holiday Season Begins | B
Is a Recession Coming? Consumers Still Have Plenty to Spend. | BR
This Year’s Black Friday Bonus: Falling Prices | W
America’s Top 1% Don’t Make as Much as You Might Think | B
When Will Home Prices Drop? What It Would Take For Them to Come Down. | BR
US II
Wall Street Eyes Nikki Haley as Trump Spoiler | W
Donald Trump poses the biggest danger to the world in 2024 | E
New Speaker Mike Johnson Confronts Old GOP Problems as Honeymoon Period Ends | W
China
The Price of China’s Exports Is Dropping, Compounding Its Economic Woes | BR
China’s shoppers are gloomy and picky | E
Japan
Will Japan rediscover its dynamism? | E
Geopolitics & trade
Joe Biden and Xi Jinping rediscover the joy of talking. Good | E
Industries & companies
Airlines: Thanksgiving air travel set for records in test for airlines | C
Consumer: 6 Consumer Stocks for a Growing Economy | BR
Media: Disney box office flops put pressure on Iger, Bergman | C
Media: Apple, Disney, Warner, Paramount Global and Lionsgate pause advertising on X | C
Retail: Retailers Will Compete Harder for Holiday Sales This Year. Who Will Win. | BR
Retail: The Score: Target, Boeing, Macy’s and More Stocks That Defined the Week | W
Artificial Intelligence
OpenAI says Sam Altman exits as CEO after board loses confidence | C
Beyond markets
How Elon Musk, for Many, Went Too Far | W
SpaceX Starship rocket goes for second launch attempt | C
U.S. lawmakers urge scrutiny of worker injuries at Elon Musk’s SpaceX | C
