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- 🚗 Volkswagen and Stellantis struggle
🚗 Volkswagen and Stellantis struggle
🛻 While Rivian secured a $6.6 billion loan
Why is the Florida home insurance market so f*cked? It’s not why you think.
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📰 Market Headlines
S&P 500 and Dow closed at fresh records as investors brushed off Trump's tariff threats.
The S&P 500 gained 0.57%, the Nasdaq rose 0.63%, and the Dow went up 0.28%.
Donald Trump pledged 25% tariffs on Mexico and Canada and 10% tariffs on China.
Israel and Lebanon agreed to a permanent ceasefire in cross-border hostilities between Israel and Hezbollah.
Donald Trump appointed Kevin Hassett to lead the National Economic Council.
Rivian secured conditional approval for a $6.6 billion loan to build an EV plant.
🧠 Make yourself heard
Mexico is a |
👫 Elsewhere in the community
Astute Stocks and Income readers know they’re part of a larger community of clever investors. A lot is going on over at Alts.co.
🇲🇽 We’re planning a trip to Mexico for 2025 for our Altea members. Check out last year’s highlights.
🍿 We’re investing in some films.
💼 We’ve built a tool to help you analyze investment opportunities. Try it once for free with code S&I.
You can apply here if you want full access to all that great stuff.
📊 Ideas, trends, and analysis
Abu Dhabi-owned Manchester City, which has won three English Premier League titles in a row, is an absolute shamble, and I’m here for it.
🕵️ Notable
Young investors aged 18-24 emerged as the most active shoppers.
67% of consumers will change their shopping habits to save this Thanksgiving.
😱 Fear and Greed Index
📊 Winners and losers
Get $20 free shares at public.com using code ALTSCO.
Earnings, upgrades, and acquisitions
Dell beat EPS estimates but missed revenue targets as shares tumbled 6%.
Best Buy reported that Q3 comparable sales fell 2.9%, dropping shares 4%.
Abercrombie & Fitch posted Q3 earnings, beating estimates by 7.76%, as revenue surged 14%; shares climbed 3%.
Burlington Stores topped earnings estimates as gross margin expanded 70 basis points to 43.9%, advancing shares 2%.
Workday beat Wall Street expectations with Q3 earnings; shares rose 5%.
Market movers
Intel received $7.9 billion in CHIPS Act grants, $600 million less than initially promised.
Volkswagen workers planned December strikes over proposed 10% salary cuts and factory closures.
Stellantis announced the closure of its Vauxhall van factory in Luton, England, relocating production to Ellesmere Port.
Kohl's CEO Tom Kingsbury announced his departure, with Michaels CEO Ashley Buchanan taking over in January.
🌍 Global Perspectives
🇵🇰 Pakistani forces raided supporters of ex-PM Imran Khan after thousands stormed the capital demanding his release from jail.
🇷🇺 🇬🇧 Russia expelled a diplomat from its British embassy and barred 30 UK citizens from entering the country.
🇭🇹 The UN evacuated staff from Haiti as armed gangs expanded control over 90% of Port-au-Prince.
🇨🇳 🇳🇿 China warned New Zealand against joining the AUKUS security pact.
🇧🇷 Brazilian police accused former President Bolsonaro of plotting a coup to overturn his election loss.
📊 Crypto
Brazil's Congress proposed a Bitcoin Reserve bill to hold BTC up to 5% of its sovereign reserves.
Bitwise filed with the SEC to launch the first combined Bitcoin and Ethereum ETF on NYSE Arca.
Nordic markets welcomed their first Dogecoin ETP with a 1.9% management fee.
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🎤 What you said last time
Microsoft Teams: A bit better than Hitler.
What you had to say:
“Microsoft Teams is a panopticon.”
🧠 Errata
Paris Charles-de-Gaulle airport closed two runways to chase down a dog.
A TikTok influencer got caught after filming herself stealing $500 worth of goods from Target.
Voyager 1 switched to a backup radio unused since 1981, causing NASA to lose contact for days.
The FDA cleared HIV-positive donors to give organs to HIV-positive recipients.
📺 What to Watch Today
That’s all for today. Did I miss anything? Smash the reply button to let me know.
Cheers,
Wyatt
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