💥 Black Friday BATTLE! Get the Lowdown on Retail's BIGGEST Event...
💥 Black Friday BATTLE! Get the Lowdown on Retail's BIGGEST Event...
This week's edition of Investing Intel has info on everything from Black Friday news to a mad week at Microsoft. Scroll down to get stuck in!
QYOU Media Inc. (OTC: QYOUF) (TSXV: QYOU) is a unique entertainment business offering retail investors a chance to invest in India’s exciting growth opportunity. Ample public market evidence backs the conviction that India's financial landscape will one day mirror China's meteoric rise over the past two decades. Therefore, QYOU’s current positioning in India strategically locates it to capitalize on this impending growth. QYOU’s experienced and connected leadership team is aligned with shareholder goals.
Market Snapshot (Past Week)
S&P500: $4,559.34 (+1.10%)
Dow Jones Industrial Average: $35,390.15 (+1.22%)
Nasdaq Composite: $14,250.85 (+1.06%)
Russell 2000: $1,807.50 (+1.27%)
S&P/TSX Composite Index: $20,103.11 (-0.31%)
PHLX Gold and Silver Sector: $116.67 (+2.33%)
The Biggest Investing Stories From the Last 7 Days
This week we’ve got insights into a key event for retailers, as well as groundbreaking pharma developments, smartphone sales and IPO news! Read on to find out more…
💳 Black Friday Sales Up 2.5%, E-Commerce Leads Growth
Mastercard's SpendingPulse report highlights a 2.5% increase in U.S. retail sales on Black Friday compared to last year, excluding automotive sales. This growth, however, falls short of the 3.7% growth anticipated for the holiday season from November 1 to December 24. Black Friday, the day after Thanksgiving, traditionally marks a surge in retail sales.
💊 Investors Watch as Novo Nordisk Pours Billions into Obesity Drugs
Novo Nordisk is significantly expanding its production capabilities in Chartres, France, with a substantial investment of over $2.34 billion. This strategic move aims to meet the escalating demand for its weight-loss medications. The completion of these projects, planned by the end of 2028, will notably enhance the production of current and future treatments for serious chronic diseases.
📱Global Smartphone Sales Break 27-Month Decline
Global smartphone sales experienced a notable uptick in October, ending a 27-month streak of year-on-year declines, according to data from Counterpoint Research. This surge was reportedly driven by a rebound in emerging markets, particularly in the Middle East and Africa, as well as Huawei's resurgence in China and the onset of the festive season in India.
💍 Luxury Meets Finance in Golden Goose's IPO Journey
High fashion meets finance with Golden Goose's intriguing IPO story. Learn how investment bankers, in a unique bid to win over their client, turned up in the brand's iconic $600 sneakers at a pivotal pitch meeting. Dive into the intricate details of this potential blockbuster IPO, valued between €3 billion and €4 billion.
Investing Signals
📈Top 5 Gainers in the last 7 days
Jin Medical International Ltd. ZJYL 0.00%↑ - $24.19 (+91.68%) - This Chinese wheelchair specialist has soared despite no apparent significant newsflow.
YPF SA YPF 0.00%↑ - $16.84 (+56.94%) - This state-owned Argentine energy company saw its share price rocket after the country’s new populist President-elect, Javier Milei, indicated it will be taken private.
Wheels Up Experience Inc. UP 0.00%↑ - $2.49 (+50.91%) - This air travel stock enjoyed a boost after announcing an influx of investment capital that gives the company a longer runway.
Bakkt Holdings, Inc. BKKT 0.00%↑ - $1.88 (+48.03%) - This digital asset management firm enjoyed gains as Bitcoin and other digital currencies saw price increases throughout the week.
Grupo Supervielle S.A. SUPV 0.00%↑ - $3.03 (+47.81%) - This is another Argentine stock making gains, with the increase coming on the back of pro-business libertarian Javier Milei emerging triumphant in elections.
Note: Figures from StockAnalysis.com - Settings: Market Cap > $100M, Stock Price > $1, Period last 7 Days. All prices are correct as of pre-market on 25 September.
📉Top 5 losers in the last 7 days
reAlpha Tech Corp. AIRE 0.00%↑ - $4.08 (-56.55%) - This stock has been bouncing around over the past few weeks. It’s normally best to avoid stocks which exhibit such volatility.
Alpha Technology Group Limited ATGL 0.00%↑ - $13.66 (-44.78%) - This stock tumbled on the news that one of the underwriters of its IPO has fully exercised its over-allotment option.
MSP Recovery, Inc. LIFW 0.00%↑ - $4.52 (-32.74%) - This healthcare stock saw its share price decline, having been among the top gainers just a couple of weeks ago.
Entrada Therapeutics, Inc. TRDA 0.00%↑ - $11.49 (-29.16%) - This stock had a challenging week following news that the Food and Drug Administration will continue to keep its muscular dystrophy trial on hold.
Innodata Inc. INOD 0.00%↑ - $6.76 (-24.55%) - This data engineering company dropped despite no clear newsflow.
Note: Figures from StockAnalysis.com - Settings: Market Cap > $100M, Stock Price > $1, Period last 7 Days. All prices are correct as of pre-market on 25 September.
Stocks Trending on Google Search
Google Search trends are a good indicator of investor trends and interests and a good indicator of stocks you should research to see why they are popular and whether this is a good investment for you.
iRobot Corporation
IRBT 0.00%↑
Google Search Interest: +650%
This company saw search interest soar after EU antitrust regulators approved its acquisition by Amazon AMZN 0.00%↑ in a $1.4bn deal. The business manufactures robot vacuum cleaners and will significantly add to the e-commerce giant’s consumer technology portfolio.
Cardio Diagnostics Holdings Inc
CDIO 0.00%↑
Google Search Interest: +300%
This business saw search interest rocket after a clinical trial of its non-invasive coronary heart disease test returned overwhelmingly positive results. Additionally, the company’s share price leapt by more than 95% across the full week.
Safety Shot Inc
SHOT 0.00%↑
Google Search Interest: +250%
Another company appearing to enjoy a positive week was Safety Shot, with its share price climbing by more than 25%. However, it dipped from mid-week highs after a short seller report accused the business of overstating the effectiveness of its beverages, which have been designed to reduce blood alcohol levels and improve clarity.
Symbotic Inc
SYM 0.00%↑
Google Search Interest: +250%
This automation specialist saw interest, and indeed its share price, jump after a successful earnings update. Symbotic reported record revenues and a reduced quarterly loss. With major customers including well-established retailers like Walmart and Target, the future could be bright for this firm.
Microsoft
MSFT 0.00%↑
Google Search Interest: +130%
Finally, the excitement surrounding Microsoft and OpenAI continued this week. The software giant appears to have scooped up major AI talent after offering a job to recently ousted OpenAI CEO Sam Altman, as well as offering OpenAI employees employment that matches or improves their current level of compensation. This saga has been messy, but Microsoft could come out of it with some of the top brains in a rapidly growing industry.
Alternate Investing Signals
r/WallStreetBets
Advanced Micro Devices, Inc. - AMD 0.00%↑ - Mentions: 104
This semiconductor giant generated chatter after forum users were largely unimpressed with an earnings update from rival firm NVIDIA NVDA 0.00%↑. There seems to be rising scepticism that the emergence of AI will continue to send the company’s revenues into the stratosphere.
Palantir Technologies Inc - PLTR 0.00%↑ - Mentions: 66
Big data specialists Palantir were a hot topic of conversation last week after the company won a major contract with the UK’s National Health Service (NHS). The £480m ($605m) deal will be split with professional services company Accenture ACN 0.00%↑ but still represents a major win for Palantir, which some investors are tipping as a hot AI stock to buy.
Top Reads
🦊 If you’re a fan of Succession, you might be interested in the real-life parallels at Fox at the moment. The Guardian’s Edward Helmore has the full story.
⛏️ There’s major drama in Australia’s massive raw materials corridor. The Financial Times’s Nic Fildes and Harry Dempsey explain all here.
🇺🇸 Want to understand the US cost of living crisis? Bloomberg’s Reade Pickert and Jennah Haque have done the maths.
🛍️ It’s been a huge weekend for retailers in the US. Melissa Repko from CNBC explores how stores have been trying to tempt customers through the doors.
Meme of the Week
