Weekly Review: September 28
New all-time highs for the DAX, Dow Jones, S&P 500, gold, GE Vernova, Meta, Netflix, SAP, Vistra Corp, and Walmart 👑🥇 $LYY7 (-1,06%)
$CSPX (-0,22%)
$ABX
$GEV (-1,14%)
$META (-0,39%)
$NFLX (-1,61%)
$SAP (-0,68%)
$VST (-0,02%)
$WMT (-0,64%)
New 52-week highs for 3M, Air Products, Alibaba, Arista Networks, Barrick Gold, Bank of Nova Scotia, BlackRock, Caterpillar, Constellation Energy, DuPont, HSBC, Infosys, Live Nation, McDonald’s, Palantir, PayPal, Public Storage, Royal Bank of Canada, Royal Caribbean, Sea Ltd., Spotify, Tanger 💵📈 $PLTR (+0,42%)
$9988 (-0,98%)
$BABA (-1,82%)
$BLK
$CAT (-2,11%)
$BNS (-0,42%)
$STZ (-0,4%)
$DD (+1,29%)
$HSBA (-0,73%)
$HSBC (-0,92%)
$INFY
$LYV (-0,48%)
$MCD (-1,4%)$PUB
$PUB
$RCL (-3,44%)
$SEA
$SKT (+0,71%)
Bitcoin hits a new 1-month high, up 22% in three weeks since its low on September 7—from $52k to $66k—and up 150% in 12 months 📉📈 $BTC (-1,54%)
PayPal’s own stablecoin, PYUSD (crypto), is growing rapidly and now ranks 95th among the top 100 cryptos by market capitalization 💰 $PYPL (-0,46%)
Palantir joins the S&P 500 on Monday #PLTRgang 🤜🤛👊✊ $PLTR (+0,42%)
Uber is partnering with Google’s Waymo (Alphabet) and plans to offer robotaxis for an additional fee 🚗🤖 $UBER (-2,53%)
$GOOGL (-0,92%)
$GOOG (-0,82%)
Following the ECB and the Fed, China has also fired up the money printer *brrr brrr*, plus a massive economic stimulus package is on the way; Chinese stocks are having their best week in 10 years, and auto and luxury stocks with China exposure are rising as a result 🖨🇨🇳 $MC (-1,54%)
$P911 (-3,01%)
$BMW (+0,76%)
$MBG (-1,34%)
The CEOs of AMD and Nvidia confirm that demand for AI chips remains high 🧠🤖; the Nvidia CEO says he won’t sell any more of his own shares for the time being. $AMD (+2,31%)
$NVDA (-0,41%)
The upcoming PlayStation 6 will again feature an AMD chip, but AMD will be exiting the high-end graphics card market for PC gamers and will instead focus on scaling up its presence in the mid-range and entry-level segments. Nvidia would then have a monopoly 🎮 $SONY (-0,86%)
$6758 (-0,78%)
Super Micro is under suspicion of financial fraud. According to an insider, the U.S. Department of Justice is apparently already investigating; the stock price has fallen 62% in three months 🔍👮 $SMCI
AI requires a lot of electricity, and nuclear power plants are being reactivated in the U.S. In Germany, it’s the other way around due to the world’s most foolish energy policy. U.S. utility stocks, uranium mining stocks, and ETFs are rising. ⚛️⚡️ (see Podcast Episode 57, “Buy High. Sell Low,” pinned to my profile at ganznoben) $URNM
$URA (+0,23%)
$UEC (-0,75%)
Micron reports strong quarterly results and a +13% stock price gain; semiconductor stocks are rallying 💻📈 $MU (+3,65%)
Costco—mixed quarterly results; EPS beats estimates but revenue is worse than expected; stock falls slightly 🛒 $COST (-1,07%)
McDonald’s raises quarterly dividend by 6% to $1.77. The dividend has been increased for 48 consecutive years since the first payout in 1976. 🍟🍔 $MCD (-1,4%)
Investigation launched against Visa 💳 and SAP 💻 in the U.S. over alleged price-fixing $V (-0,95%)
$SAP (-0,68%)
Oil prices fall again; Shell & Co. heading toward a 1-year low 🛢⛽️ $SHEL (+2,32%)
$GB00B03MM408
$RDS.A
Meta to release Quest 3s VR headset for €330 starting Oct. 15, 2024 📱👓
Intel launches the “Gaudi 3” AI accelerator as an alternative to Nvidia’s H100. IBM, Google, and Dell are the first customers. 🧠 $INTC (+2,73%)
U.S. national debt climbs above $35 trillion for the first time 🖨💵
Ubisoft stock plummets due to the delay of “Assassin’s Creed: Shadows,” with a -70% one-year performance 🎮📉 $UBI (-6,77%)
DHL raises its outlook and growth forecast through 2030 and will increase letter postage rates by 10.5% in Germany starting in 2025 📦✉️📯 $DHL (+0,4%)
BASF is struggling with high energy prices and weak demand; plant closures loom and the dividend is being cut 🇩🇪📉 $BAS (-0,15%)
Adidas (+28%) has significantly outperformed Nike (-18%) since the start of the year ⚽️🏀👟 $ADS (-1,12%)
$NKE (-1,45%)
Takeover speculation at Commerzbank involving Italy’s Unicredit continues 🏦🇮🇹🇩🇪 $CBK (+1,49%)
$UCG (+0,34%)
Jefferies issued a “buy” recommendation for BioNTech and sees the BNT327 cancer antibody as a potential massive revenue driver. 👨⚕️⚕️💊 $DE000A0V9BC4
Mutares down 14% as short seller Gotham City levels serious allegations against the SDAX-listed company: pyramid scheme, accounting fraud, and a circular business model 🔍👮 $MUX (+3,01%)
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