📊 Chips rebounded on Election Day. The Nasdaq climbed 0.83% to 25,372.01, the S&P 500 rose 0.36% to snap a three-day skid, the Dow fell 0.38% and Canada’s S&P/TSX Composite dropped 0.75%. 🍎 Apple ($AAPL) fell almost 2% to weigh on the Dow after issuing a disappointing margin forecast late Monday. Fiscal fourth quarter iPad sales also missed estimates. 🛒 Shopify ($SHOP) sank 8.02% to $200.19 on the TSX after missing on subscription gross profit and gross merchandise volume. Revenue of $3.74 billion came in just under the $3.75 billion LSEG estimate, and fourth quarter growth guidance in the low thirties sits around the 32.1% consensus. ₿ Coinbase ($COIN) rallied 8% after sliding 15% over the prior three sessions. Morgan Stanley had cut the exchange to underweight Monday and slashed its target by 53% on weaker crypto trading volumes. ⚡ Bloom Energy ($BE) gained nearly 10% after Barclays upgraded it to overweight on stronger than expected demand. The bank trimmed its target to $289 from $319, still implying about 47% upside. 🛢️ Brent lost 1.12% to settle at $103.60 and WTI fell 0.38% to $96.09 on speculation about progress in U.S.-Iran talks. Prediction markets put roughly 75% odds on Democrats taking the Senate, and JPMorgan says a sweep could pressure AI names if traders haven’t positioned for it. 👨🏻💻 Researched and written daily by @timemino
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Shopify just dropped 8% on a slight revenue miss. Is it a overeaction by Mr Market?
Yes, buying the dip
No, growth is cooked
102 votes · 5d left
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