🚗 Volkswagen and Stellantis struggle

🛻 While Rivian secured a $6.6 billion loan

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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.

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

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👫 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.

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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

😱 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.

Recommended Newsletter

🌍 Global Perspectives

  1. 🇵🇰 Pakistani forces raided supporters of ex-PM Imran Khan after thousands stormed the capital demanding his release from jail.

  2. 🇷🇺 🇬🇧 Russia expelled a diplomat from its British embassy and barred 30 UK citizens from entering the country.

  3. 🇭🇹 The UN evacuated staff from Haiti as armed gangs expanded control over 90% of Port-au-Prince.

  4. 🇨🇳 🇳🇿 China warned New Zealand against joining the AUKUS security pact.

  5. 🇧🇷 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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