US Markets
- S&P 500 Futures +8 points
- US 10-Year 1.78%
- VIX 12.46
- Oil $57.76
- Dollar Index 98.28
International Markets
MACRO
S&P 500
S&P 500 Futures are pointing to a higher opening on November 25 following global markets higher. The boost follows headlines. China is stepping up IP protection and enforcement. Also, helping to lift stocks was news that HK voters overwhelmingly voted in favor of pro-democracy candidates in the latest elections. As a result, the S&P 500 futures are rising to 3120.
STOCKS
NETFLIX (NFLX)
Netflix (NASDAQ:NFLX) is falling a just touch this morning after Wells Fargo (NYSE:WFC) downgraded the stock to Underperform from Market Perform. The stock has generally been trending higher, and I don’t think this will do much to derail the stock move towards $320.
UBER (UBER)
Uber (NYSE:UBER) is falling some this morning after it was reported the company is losing its license to operate in London. The stock had been rebounding but is now failing at resistance at $30.50, and it could set up a retest of the lows to around $26.
TESLA (TSLA)
Tesla (NASDAQ:TSLA) is gapping higher today on reports the company has 200,000 reservations for its new CyberTruck. The chart shows the stock has a giant gap to fill back up to $360, but first, it will need to get over resistance at $347.
NVIDIA (NVDA)
NVIDIA (NASDAQ:NVDA) is rising today after Morgan Stanley (NYSE:MS) upgraded the stock. Shares are trading up to $217 in the premarket. Not what I thought would happen, but it is early, I will reassess by days end.
DISNEY (DIS)
Disney (NYSE:DIS) could get a pop today after it was reported that Frozen 2 did better than estimates, with $127 billion in sales. It appears the stock is breaking free of a pennant pattern, and that means the stock is likely going to push higher towards $160.
