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US stock quick picks – Nov 18

Posted on
November 18, 2024
by
moneysmart-girl

Notables
Notable Earnings Today: Symbotic (Nasdaq: SYM), BellRing Brands (NYSE: BRBR), Brady (NYSE: BRC), Trip.com Group (Nasdaq: TCOM), Twist Bioscience (Nasdaq: TWST), AECOM (NYSE: ACM), Bit Digital (Nasdaq: BTBT), Bitdeer Technologies (Nasdaq: BTDR), Cellectar Biosciences (Nasdaq: CLRB), EHang Holdings (Nasdaq: EH), i3 Verticals (Nasdaq: IIIV), Mondee Holdings (Nasdaq: MOND), Tuya (NYSE: TUYA), Zenvia (Nasdaq: ZENV).
Notable IPOs Today: Colony Bankcorp Inc. (NYSE: CBAN), Damon Inc. Common Stock (Nasdaq: DMN).
Notable Equity Crowdfunding Campaigns Ending Today: Hercules Mulligan (StartEngine), TriAgenics (StartEngine), Copperworks Distilling Company (StartEngine), LUMEOVA (StartEngine).
Notable Economic Events Today: TIC Net Long-Term Transactions (4:00 p.m. ET).

Trends to Watch
Social Swipes: CoverGirl Makes Big Bet on Influencers to Revive Brand Built With Supermodels (Wall Street Journal)
In Critical Condition: Medical services provider CareMax files for Chapter 11 restructuring (Reuters)
Cloud Race: Tencent challenges Amazon and Microsoft’s cloud dominance by tapping into its WeChat ecosystem (CNBC)
Healthy Cooling: BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation (Cointelegraph)
Weird Times: What to expect from the markets under Trump (Financial Times)

Crypto

The crypto market charged higher earlier this morning before dropping back, with bitcoin climbing over $92,000 before falling back to around $90,000 with bubble fears emerging as JPMorgan’s retail sentiment score for bitcoin hit a record high last week. The rest of the crypto major market is mixed this morning with ethereum falling around 2% and Ripple’s XRP still rocketed higher after doubling over the last week. See below for details.
Further down the charts, recent big winner memecoins including dogwifhat have fallen out of favor, replaced by the likes of hedera, mantra and stellar—all three up around 30% over the last 24 hours.

The week ahead 
👀 Look out for these cryptocurrency and crypto-adjacent events this week.

🦜 Outgoing U.S. president Joe Biden is in Brazil’s Rio de Janeiro for the G20 leaders’s summit alongside 19 of his counterparts.

👉 This week, U.S. president-elect Donald Trump is expected to meet with contenders for the Treasury secretary job as hedge fund chief executive Scott Bessent and crypto’s preferred candidate Cantor Fitzgerald CEO Howard Lutnick jostle with former Federal Reserve governor Kevin Warsh and Apollo chief executive Marc Rowan for the role, the New York Times reported.

🦾 Darling of the artificial intelligence stock market surge, chip maker Nvidia, which replaced rival U.S. chipmaker Intel in the Dow Jones Industrial Average a few weeks ago, will report its third-quarter earnings on Wednesday.
– Analysts expect Nvidia’s revenue to almost double since this time last year but a miss could cause the AI market bubble to deflate.

🎭 On Friday, the first U.S. consumer sentiment report since Republican candidate Donald Trump won the presidential election this month will shed light on how the public are feeling about the economy and Trump’s well-publicized plan for tariffs.
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