CrowdBullish Weekly
Weekly Stock Market Recap, News, Investing Ideas, Stocks to Watch, Insider and congress trades, Economic Analysis, and more
Stock Market Report (Oct 28 - Nov 1, 2024)
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024. As far as the market performance goes, the Dow Jones Industrial Average was down -0.5%, S&P 500 was down -1.84%, and Nasdaq Composite was down -2.24%. Bitcoin is up from last week and trading around $68,330 at the time of this writing.
Top News 📚
Here are some of the top stories from last week:
OpenAI’s search engine is now live in ChatGPT
Super Micro Computer says Ernst & Young resigns as auditor, shares tank
The Fed’s favorite inflation index just cooled again
US labor market staggers after blow from hurricanes, strikes
US election 2024 live: Latest polls tight as Trump, Harris hit swing states
Bitcoin price prediction for November, according to BTC historical returns
To follow what's happening in the market from top news sources, click here.
Top Movers ✅
Here are some of the best performing/popular stocks from last week that caught our eyes.
(last 5 days view)
✅ Reddit (RDDT)
✅ V.F. Corporation (VFC)
✅ Upexi Inc. (UPXI)
✅ Tharimmune (THAR)
✅ Vast Renewables (VSTE)
If you would like to view the list of EOD daily winners and losers, click here
Social Sentiment
We monitor stocks on X and StockTwits, so that you don't have to. Based on our analysis, here are some of the most talked about stocks in twitter last week.
If you would like to view top stocks that are gaining/losing momentum ßon Twitter and StockTwits, click here
Congress Stock Watcher
On our watch, we have Mark Green's latest stock trades. If you would like to view all Senate and House Trades, click here.
GDP Growth
Real gross domestic product (GDP) increased at an annual rate of 2.8 percent in the third quarter of 2024, according to the "advance" estimate. In the second quarter, real GDP increased 3.0 percent. The increase in the third quarter primarily reflected increases in consumer spending, exports, and federal government spending. Imports, which are a subtraction in the calculation of GDP, increased. (src: BEA)
Updated: October 30, 2024 | Next release: November 27, 2024, at 8:30 a.m. EDT
Payroll Data
Total nonfarm payroll employment was essentially unchanged in October (+12,000), and the unemployment rate was unchanged at 4.1 percent, the U.S. Bureau of Labor Statistics reported today. Employment continued to trend up in health care and government. Temporary help services lost jobs. Employment declined in manufacturing due to strike activity.
The Week Ahead 👀
Here are the list of companies that are reporting earnings this week:
NOTABLE EARNINGS REPORTS
🗓 MON, NOV 4
✅ Matterport (MTTR)
✅ Palantir (PLTR)
✅ BWX Technologies (BWXT)
✅ Illumina (ILMN)
🗓 TUE, NOV 5
✅ Archer-Daniels-Midland (ADM)
✅ Emerson Electric (EMR)
✅ Ballard Power Systems (BLDP)
✅ Exact Sciences (EXAS)
✅ Microchip Technology (MCHP)
✅ Jack Henry & Associates (JKHY)
🗓 WED, NOV 6
✅ CVS Health (CVS)
✅ Nutrien (NTR)
✅ QUALCOMM (QCOM)
✅ HubSpot (HUBS)
✅ Arm Holdings (ARM)
✅ Axcelis Technologies (ACLS)
🗓 THU, NOV 7
✅ YETI Holdings (YETI)
✅ Datadog Inc (DDOG)
✅ Airbnb (ABNB)
✅ Duke Energy (DUK)
✅ Dynatrace (DT)
🗓 FRI, NOV 8
✅ NRG Energy (NRG)
✅ TELUS Corporation (TU)
✅ Brookfield Renewable (BEP)
✅ Bloomin' Brands (BLMN)
🗓 MAJOR ECONOMIC EVENTS
✔ Total Vehicle Sales - MON, NOV 4
✔ Presidential Election - TUE, NOV 5
✔ MBA Purchase Index - WED, NOV 6
✔ Fed Interest Rate Decision - THU, NOV 7
✔ Michigan Inflation Expectations - FRI, NOV 8
Use our calendars to get more up to date data on earnings, IPOs, economic events, splits, and dividends.
Insiders Buying Watch
This week on insiders watch is CalciMedica, Inc. (CALC)
Here are top 5 stocks to buy or watch this week:
✅ Palantir Technologies Inc. (PLTR)
✅ Wynn Resorts, Limited (WYNN)
✅ Arm Holdings plc American Depositary Shares (ARM)
✅ QUALCOMM Incorporated (QCOM)
✅ Airbnb, Inc. (ABNB)
That all for this week!
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Until Next Week!
Cheers 🍻
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