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⏰ Read time 5 mins

🚀 Can Bulls reach all time high?

Happy Thanksgiving ! Despite the short week Nasdaq (QQQ) hit 52 week highs, the highest level since January 2022. Even tho Nvda did poorly the market manage to close +1.10 % 👍️ 

The Canadian market however lagged behind and closed -0.47% despite a lower inflation reading & hints of an interest rate pause.

📢  NVDA triple beat but investors are not impressed

NVDIA had a triple beat in earnings ;

• NVIDIA 3Q REV. $18.12B, EST. $16.09B BEAT ✅ 

• NVIDIA 3Q ADJ EPS $4.02, EST. $3.36 BEAT ✅ 

• NVIDIA 3Q ADJ GROSS MARGIN 75%, EST. 72.5% BEAT ✅ 

However the stock was down 3-4% because of expected weak sales in China.

Insider Trades 📰 

Sells by executives isn’t always a red flag, people can sell for many reasons. But people only buy for one reason. 👀 I share more insider sales in my discord. Bdinvesting.org 

AAPL $23m sell, however it looks like she sold 100% of her position, meaning she quit or got fired.

Headlines you need to know 📰

Sam Altman, the Open AI CEO, aka Chat GPT, got fired but then rehired. Allegedly when he was 13, he sexually assaulted his sister at the age of 4. Anyways he was rehired. Just another episode of game of thrones.

Binance Founder , Changpeng Zhao, is quitting and pleading guilty to breaking U.S. money-laundering laws. He might face jail for 18 months. People say a FED might become the new Binance CEO. That sounds totally planned. Guess the government will have control over crypto.

• AMAZON INC - ‍​AMAZON TO LAUNCH ONLINE VEHICLE SALES IN U.S., STARTING WITH HYUNDAI IN 2024

• CITI BANK TO LAYOFF TENS OF THOUSANDS OF EMPLOYEES IN TOTAL

• Jeff Bezos to sell Amazon shares worth $1B

• Ford to scale back plans for battery plant as EV demand disappoints

• Argentina’s new president wants to adopt US dollar as the national currency 

• $TSLA Tesla ready to invest up to $2 bln to build India factory, but with riders -ET

• SPACEX PLANS TO SELL SHARES NEXT MONTH AT $150B VALUATION: NYP

Crypto Corner 🪙 

• BTC hits 38k !

• FIDELITY FILED FOR AN ETHEREUM ETF

• KRAKEN CHARGED BY SEC FOR OPERATING AS UNREGISTERED EXCHANGE

• BINANCE ALLOWED TRANSACTIONS WITH ISIS, AL QAEDA & HAMAS

• BINANCE USERS TAKEN OUT OVER $1.3 BILLION DOLLARS IN CRYPTO FROM BINANCE

• SEC Commissioner says "there's no reason for us to stand in the way of a Spot #Bitcoin ETF.

Oh Canada 🇨🇦

• Canada inflation slows to 3.1%

•  BOC's Macklem: Rates "May Now Be Restrictive Enough" to Reach 2% CPI

• Canada home prices slide as homebuyers go into 'hibernation'

• Canadian government to crack down on people who profit from short-term rentals like Airbnb, $ABNB, per the Toronto Star.

• Bank of Canada has said: the era of very low rates is likely over, people and firms must adjust

• Finance Minister Freeland's budget update outlines $20.8 billion in net costs over 6 years, prioritizing affordable housing & clean energy.

• Sleep Country opening upscale Toronto location, focusing on handmade luxury items for more discerning clientele.

• Air Canada ranked ninth for punctuality in October, with over 8,700 flights (28%) arriving late

• Rogers Communications Inc. reached a tentative agreement with the union, resolving the strike in Metro Vancouver

• Unifor, the union, has reached a tentative deal, avoiding a strike by 1,300 No Frills workers in Ontario.

• TD ECONOMICS NOW PREDICTS CANADIAN HOUSING PRICES WILL DROP 10% OVER THE NEXT FEW MONTHS

I bought this stock! 👀 

I recently added to $SOFI, I saw the CEO had recently bought the stock and I was down so why not follow the lead of the CEO, he must have a good reason to buy. But of course I don’t follow blindly, i’ve held this stock since 2021. SOFI has huge growth potential and the recent earnings have been great.

Economics 📊

•  FED SEES FURTHER TIGHTENING IF INFLATION PROGRESS INSUFFICIENT

• FED MINUTES: ALL ON FOMC AGREE TO `PROCEED CAREFULLY' ON RATES

• U.S. existing home sales dropped to the lowest level in more than 13 years in October, per Reuters.

• New data released by the U.S. Conference Board on Monday suggests that the U.S. economy is going to enter a short recession

• Many economists think we could enter a small recession in 2024. Goldman Sachs puts the odds of a recession at 15% over the next 12 months.

• According to LendingClub, 60% of Americans are living paycheck to paycheck

BD investing Discord 👥

This week we went 2/5. We traded PLTR, GOOGL, DIS, TSLA & C. We took a total of 5 trades, 2 of them profited but we are still holding 3. GOOGL gave us 60% and PLTR 75% 🚀 

We are still having a black Friday sell so make sure to go checkout my website. bdinvesting.org 

Meme Spot 🤣