Stay informed with eToro‘s latest updates:
Market highlights: Tower Semiconductor and Tyson Foods earnings previews draw investor attention, signaling potential market shifts.
Tech sector surge: Apple’s $25 million settlement during a robust tech sector surge highlights industry dominance, with Microsoft hitting an all-time high at $366.63.
Dow’s winning streak: The Dow secures back-to-back weekly wins, fueled by a tech-led recovery, post-Fed Chair Jerome Powell’s indications on interest rates.
Upcoming earnings focus: Major retailers, including Walmart, Home Depot, JD.com, and Target, provide insights into consumer trends. Tech giants Alibaba and Cisco also contribute to the market narrative.
Government shutdown alert: The US government faces potential shutdown risks. House Speaker Mike Johnson’s plan and last-minute negotiations are crucial for market sentiment.
Fed’s influence & investor shift: Mixed messages from the Federal Reserve contribute to a market rally. Investor focus shifts to major retailers and tech giants as quarterly earnings slow down.
Inflation and retail data watch: Investors closely monitor US inflation and retail sales data. Core CPI stability and retail sales trends impact the Federal Reserve’s future decisions, influencing the S&P500 and USD.
Market movers and shakers
Dow achieves a second consecutive weekly gain, while Apple settles for $25 million. Microsoft hits an all-time high. Plug Power and Illumina face setbacks and oil prices rise briefly but face a weekly decline. Bitcoin nears $38,000, driven by ETF excitement and anticipation of the 2024 “halving” event.
eToro’s investment picks
eToro recommends keeping an eye on Tower Semiconductor, Tyson Foods, and Walmart for potential investment opportunities. Stay tuned for market updates and insights from eToro throughout the week.
A look ahead: earnings ahoy:
- Tower Semiconductor announced Q3 earnings on November 13th, with analysts projecting an EPS of $0.50 and revenues at $358.68M.
- Tyson Foods gears up for Q4 earnings on the same day, with an expected EPS of $0.25 and revenue of around $13.72B.
- Wall Street anticipates positive YoY growth in Walmart’s earnings and revenues for the quarter ending October 2023, impacting the stock price on November 16th. Investors eagerly await the report for insights into Walmart’s financial health and stock potential.
Stay connected with eToro for key news and investment opportunities throughout the week.