The S&P 500 futures have increased by 3 points, showing a 0.1% rise, while the Nasdaq 100 futures are up by 40 points, reflecting a 0.2% increase. On the other hand, the Dow Jones Industrial Average futures have decreased by 49 points, indicating a 0.1% drop.
Equity futures are showing mixed results. The Dow futures are down, whereas the S&P 500 and Nasdaq 100 futures are experiencing gains, supported by pre-market rises in big tech stocks.
Market rates have been a major focus recently. The 10-year yield has climbed 5 basis points to 4.48%, and the 2-year yield has increased by 3 basis points, reaching 4.33%.
Today's economic calendar includes the November NAHB Housing Market Index at 10:00 AM ET and the September Net Long-Term TIC Flows at 4:00 PM ET.
Today's News
Tesla (TSLA, Financial) shares surged in early trading on Monday due to reports that the Trump administration plans to prioritize a federal framework for fully autonomous vehicles. This development could significantly benefit Tesla, as CEO Elon Musk's influence in the administration is expected to ease regulations, paving the way for advancements in Tesla's autonomous and AI technology.
Nvidia (NVDA, Financial) is seeing progress with its Blackwell ramp, with current utilization at 50% and expected to rise to 80% in the coming quarters. Analyst Tom O'Malley from Barclays noted that capacity could double to 40,000 wafers per month by April. The Blackwell-Ultra solutions are anticipated to enter the supply chain soon, enhancing Nvidia's market position.
MicroStrategy (MSTR, Financial) continues its bitcoin acquisition strategy, purchasing approximately 51,780 bitcoins for $4.6 billion at an average price of $88,627 per bitcoin. The company disclosed this in an SEC filing, highlighting its commitment to bitcoin as a strategic asset, despite a slight dip in its stock in premarket trading.
Apple (AAPL, Financial) is reportedly revisiting the idea of creating a television set, a concept that former CEO Steve Jobs had expressed interest in. This move could position Apple to integrate its ecosystem more seamlessly across devices, though the company currently offers the Apple TV 4K set-top box.
GameStop (GME, Financial) announced the appointment of Nat Turner, CEO of Collectors Holdings, to its board of directors. This strategic move aligns with GameStop's recent partnership with PSA for trading card grading services, enhancing its offerings in the collectibles market.
Roku (ROKU, Financial) received an upgrade from Baird to "outperform," with analysts citing favorable industry trends and strategic developments as reasons for optimism. Despite a 25% drop in ROKU's shares this year, Baird believes in the company's potential for sustained growth and margin expansion.
Monolithic Power Systems (MPWR, Financial) was upgraded to Buy by Loop, following a recent sell-off. Analysts are confident in the company's ability to maintain its market position, despite concerns over its Power Management Integrated Circuit market share with Nvidia's AI GPU systems.
GuruFocus Stock Analysis
- Coinbase's Crypto Momentum Drives Analysts to Raise Price Target by ShantiPutri
- Analysts Predict Nvidia to Soar over 10% Post-Q3 Earnings on Blackwell and AI Demand by Nauman khan
- Analysts Upgrade Applied Materials' Q1 EPS Estimate to $2.29 Following Robust Q4 Results by Nauman khan
- Alphabet's Strong Q3 and Promising Future: A Smart Bet for Value Investors by Sheraden Frances
- Tesla's Stock Skyrockets 6.6% as Musk Eyes $11 Trillion Robotaxi Market by Khac Phu Nguyen
