03.12.2024
Apple at another record high + Hedge fund sells Nvidia and buys SMC, Palantir and AMD + China and Cyber Monday boost consumer stocks
Apple with another record high
- The shares of Apple $AAPL (+1.34%) shares continued Friday's record high at the start of the new trading week. The shares recently traded 1.4 percent higher at 240.65 US dollars, making them one of the top stocks in the Dow Jones Industrial . This makes the iPhone group the most valuable company in the world with a market capitalization of around
- market capitalization of around 3.6 trillion US dollars, ahead of Nvidia $NVDA (+2.01%) with a
- market capitalization of around 3.4 trillion dollars
- At the close of trading, the share price fell slightly to USD 239.59, which is still an increase of 0.95%.
Largest hedge fund in the world has sold Nvidia & is betting on Super Micro & Palantir
- Bridgewater Associates has sold its position in Nvidia $NVDA (+2.01%) in the third quarter and instead sold more shares of Super Micro Computer $SMCI (+1.96%), Palantir Technologies $PLTR (+6.35%) and Advanced Micro Devices (AMD) $AMD (-0.35%) were purchased.
- The fund announced the share transactions in a form filed with the US Securities and Exchange Commission.
- Bridgewater sold 1.8 million Nvidia shares to end the third quarter with 4.8 million shares of the artificial intelligence chip maker....
China and Cyber Monday boost consumer stocks
- The main winners were shares of luxury goods manufacturers in Europe such as LVMH $MC (-0.25%) and Hermes $RMS (+0.75%) but also Adidas $ADS (-0.15%)
in the DAX rose by 3.2 percent. - They benefited from an upward revision of the China Purchasing Managers' Index in November.
- The market is hoping that higher income from their Chinese customers will also boost their willingness to spend. In addition, the ongoing "Cyber Monday" drove the shares of consumer and household goods manufacturers. Also in demand were Munich Re $MUV2 (-1.1%) with a 2.9 percent premium.
Tuesday, stock market dates, economic data, quarterly figures
- ex-dividend of individual stocks
Thales EUR 0.85
ORANGE 0.30 EUR
Linde USD 1.39
- Quarterly figures / company dates USA / Asia
20:00 AT&T Capital Markets Day
22:05 Salesforce quarterly figures
- Quarterly figures / Company dates Europe
07:00 Swiss Life Investor Day 2024
- Economic data
08:30 CH: Consumer prices Switzerland November FORECAST: n/a previous: -0.1% yoy/+0.6% yoy
15:00 EU: ECB monthly/bimonthly report on APP/PEPP program
16:00 US: Number of job openings, quits and layoffs (Jolts) October Number of job openings PROGNOSIS: n.a. previously: 7.4 million
