Market Today: Qualcomm Surges, Arm and MercadoLibre Face Challenges

GuruFocus2024-11-07

Market Reaction to Election Outcome The stock market reacted positively to the election results, anticipating growth. With Donald Trump's victory and the GOP likely holding a majority in the House and...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2481196433?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 06:32","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481196433","market":"us","top_or_hot":-1,"title":"Market Today: Qualcomm Surges, Arm and MercadoLibre Face Challenges","media":"GuruFocus","content":"<div>\n<p>Market Reaction to Election Outcome The stock market reacted positively to the election results, anticipating growth. With Donald Trump's victory and the GOP likely holding a majority in the House and...</p>\n\n<a href=\"https://www.gurufocus.com/news/2587279/market-today-qualcomm-surges-arm-and-mercadolibre-face-challenges\">Source Link</a>\n\n</div>\n","source":"gurufocus_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Today: Qualcomm Surges, Arm and MercadoLibre Face Challenges</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Today: Qualcomm Surges, Arm and MercadoLibre Face Challenges\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 06:32 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.gurufocus.com/news/2587279/market-today-qualcomm-surges-arm-and-mercadolibre-face-challenges><strong>GuruFocus</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Market Reaction to Election Outcome The stock market reacted positively to the election results, anticipating growth. With Donald Trump's victory and the GOP likely holding a majority in the House and...</p>\n\n<a href=\"https://www.gurufocus.com/news/2587279/market-today-qualcomm-surges-arm-and-mercadolibre-face-challenges\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1868837722.USD","symbol_name":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"2\" (USD) ACC","start_time":0,"source_url":"https://www.gurufocus.com/news/2587279/market-today-qualcomm-surges-arm-and-mercadolibre-face-challenges","article_id":"2481196433","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481196433","pubTimestamp":1730932349,"columns":[],"sourceInfo":{"source_id":"gurufocus_highlight","name":"GuruFocus"},"weMediaInfo":null,"summary":"Market Reaction to Election Outcome The stock market reacted positively to the election results, anticipating growth. With Donald Trump's victory and the GOP likely holding a majority in the House and","collect":0,"end_time":0,"defaultTopTitle":"gurufocus.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1868837722.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"2\" (USD) ACC","ARM":"ARM Holdings","IE0002270589.USD":"LEGG MASON CLEARBRIDGE VALUE \"A\" (USD) INC","MELI":"MercadoLibre","SH":"标普500反向ETF","LU0456842615.SGD":"JPMorgan Funds - Emerging Markets Equity A (acc) SGD","IE0034235188.USD":"PINEBRIDGE GLOBAL FOCUS EQUITY \"A\" (USD) ACC","LU1861220033.SGD":"Blackrock Next Generation Technology A2 SGD-H","QCOM":"高通","BK4573":"虚拟现实","KEY":"KeyCorp",".SPX":"S&P 500 Index","UPRO":"三倍做多标普500ETF","VOO":"Vanguard标普500ETF","BK4512":"苹果概念","DFS":"发现金融","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","IE0004086264.USD":"BNY MELLON GLOBAL OPPORTUNITIES \"A\" (USD) ACC","LU2247934214.USD":"FIDELITY FUNDS SUSTAINABLE FUTURE CONNECTIVITY \"A\" (USD) ACC","FOMC":"FOMO CORP.","OEX":"标普100","SG9999015952.SGD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (SGD) ACC","IE00B19Z3581.USD":"Legg Mason ClearBridge - Value A Acc USD","BK4127":"投资银行业与经纪业","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU2237443382.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A MIncA USD","LU1868838027.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES \"8\" (USD) ACC","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","AVGO":"博通","BK4554":"元宇宙及AR概念","BK4166":"消费信贷","LU2237443622.USD":"Aberdeen Standard SICAV I - Global Dynamic Dividend A Acc USD","BK4532":"文艺复兴科技持仓","NVDA":"英伟达","SDS":"两倍做空标普500ETF","INTC":"英特尔","IE00BSNM7G36.USD":"NEUBERGER BERMAN SYSTEMATIC GLOBAL SUSTAINABLE VALUE \"A\" (USD) ACC","LU2279701549.SGD":"JPMorgan Funds - Emerging Markets Sustainable Equity A (acc) SGD","NUE":"纽柯钢铁","SSO":"两倍做多标普500ETF","TSLA":"特斯拉","SPXU":"三倍做空标普500ETF","SPY":"标普500ETF","LU2237438978.USD":"Amundi Funds US Pioneer A2 (C) USD","BK4533":"AQR资本管理(全球第二大对冲基金)","IVV":"标普500指数ETF","BK4211":"区域性银行","LU0106831901.USD":"贝莱德世界金融基金A2","SG9999015986.USD":"LIONGLOBAL DISRUPTIVE INNOVATION \"I\" (USD) ACC","LU0143863198.USD":"CT (LUX) I GLOBAL EMERGING MARKET EQUITIES\"AU\" (USD) ACC","IE00B8HQ1Z84.USD":"BNY MELLON GLOBAL EMERGING MARKETS OPPORTUNITIES \"A\" (USD) ACC","BK4559":"巴菲特持仓","OEF":"标普100指数ETF-iShares"},"translate_title":"今日市场：高通飙升，Arm和MercadoLibre面临挑战","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KEY":1,"MELI":1,"NUE":1,"FOMC":1,"DFS":1,"ARM":0.9,"QCOM":0.7,"TSLA":0.7,"SPXU":0.6,".SPX":0.6,"UPRO":0.6,"NVDA":0.6,"OEF":0.6,"OEX":0.6,"VOO":0.6,"SSO":0.6,"SPY":0.6,"SDS":0.6,"SH":0.6,"AVGO":0.6,"ESmain":0.6,"INTC":0.6,"IVV":0.6},"content_text":"Market Reaction to Election Outcome The stock market reacted positively to the election results, anticipating growth. With Donald Trump's victory and the GOP likely holding a majority in the House and Senate, major indices rallied on Wednesday. Investors were relieved that the election would not be contested and optimistic about Trump's plans to lower taxes and reduce regulations, which could boost economic growth.  Market Performance and Sector Highlights Small-cap stocks and financial stocks surged. The U.S. dollar strengthened against other major currencies. Bitcoin prices increased significantly. Cyclical sectors outperformed the market. Treasuries were sold, leading to higher yields. Active buying interest pushed the Dow Jones Industrial Average, Nasdaq Composite, S&P 500, and S&P 400 to record highs. The Russell 2000 gained 5.8%, leading all indices. Financial Sector Gains The S&P 500 financial sector rose by 6.2%, driven by expectations of reduced regulatory oversight and increased capital markets activity. Notable gainers included Goldman Sachs (GS), KeyCorp (KEY), and Discover Financial Services (DFS). Noteworthy Stock Performances Tesla (TSLA, Financial) saw significant gains, benefiting from Elon Musk's support of Donald Trump. Steel stocks like Nucor (NUE) also experienced large gains, anticipating tariff protections under the new administration. Sector Performance The consumer discretionary sector increased by 3.6%, alongside financials, industrials (+3.9%), and energy (+3.5%). The real estate sector fell by 2.6%, and utilities by 1.0% due to rising market rates. The consumer staples sector declined by 1.6%, affected by a stronger dollar and potential tariff retaliation. Treasury Yields and Economic Data Treasuries faced selling pressure, with the 2-year note yield reaching 4.29% and the 10-year note yield hitting 4.48%. A $25 billion 30-year bond auction saw strong demand, slightly easing yields. The 2-year note yield settled at 4.27%, and the 10-year note yield at 4.43%. The Federal Open Market Committee (FOMC) is expected to announce a policy decision, likely cutting the fed funds rate by 25 basis points to 4.50-4.75%. Economic Indicators The MBA's weekly Mortgage Applications Index dropped by 10.8%, with refinance applications down 19% and purchase applications down 5%. Index and Commodity Performance Nasdaq Composite: +26.5% S&P 500: +24.3% S&P Midcap 400: +18.2% Dow Jones Industrial Average: +15.6% Russell 2000: +18.0% Commodities saw mixed performance: Crude Oil decreased by 0.21 to 71.71, Natural Gas increased by 0.07 to 2.75, Gold dropped by 75.50 to 2676.70, Silver fell by 1.43 to 31.34, and Copper decreased by 0.22 to 4.25.Guru Stock PicksChuck Royce has made the following transactions:Reduce in SAFT by 50.37%Sold out in INTAAdd in LAKE by 2.47%New position in PHINToday's NewsQualcomm (QCOM, Financial) shares jumped 9% in extended trading after reporting fiscal Q4 results that exceeded expectations. The semiconductor giant posted an adjusted EPS of $2.69 and revenue of $10.24 billion, marking a 19% year-over-year increase. Notably, automotive sales surged 68% and IoT division revenue rose 22%. Analysts had anticipated $2.57 EPS on $9.93 billion revenue. Other chip stocks, including Broadcom (AVGO, Financial), Intel (INTC, Financial), and Nvidia (NVDA, Financial), experienced modest movements.Arm Holdings (ARM, Financial) saw its shares decline by 2.5% after delivering mixed fiscal Q2 results. The company reported an adjusted EPS of $0.30, surpassing estimates, but its revenue forecast for the next quarter fell short of expectations. Royalty revenue increased by 23% thanks to Armv9, but licensing revenue dropped 15%. Analysts had expected earnings of $0.34 per share for the upcoming quarter.MercadoLibre (MELI, Financial) shares dropped sharply in postmarket trading after missing profit estimates for Q3. Despite a 35% increase in revenue and a 14% rise in gross merchandise volume, the company's EPS of $7.83 fell short of the $9.85 consensus. Brazil showed strong growth, with unique buyers up 21%, but the overall results disappointed investors.Tesla (TSLA, Financial) soared 14.7% on Wednesday, hitting a new 52-week high. The surge was partly driven by investor optimism about the potential regulatory support for autonomous driving under the Trump administration. Elon Musk's vision for autonomous vehicles received a boost after Trump praised Musk as a \"super genius\" in his victory speech.Lyft (LYFT, Financial) shares skyrocketed over 25% in after-hours trading, following a strong quarterly performance. The ride-sharing company reported a 32% increase in revenue and raised its full-year guidance. CEO David Risher highlighted the company's innovations and partnerships as key drivers for future growth.Energy Transfer (ET, Financial) reported Q3 results that fell short of expectations, with a GAAP EPS of $0.32 missing by $0.03 and revenue slightly rising by 0.1% year-over-year. Despite the miss, the company remains optimistic about its growth projects, including a new LNG plant in Louisiana.SolarEdge Technologies (SEDG, Financial) faced a significant drop, with shares falling 8.23% after reporting a Q3 EPS of -$15.30, missing estimates by $13.66. Revenue plummeted 64% year-over-year, and the company provided a bleak outlook for the next quarter, with expected negative gross margins.GuruFocus Stock AnalysisNovember Member Engagement Meeting Recap: GuruAI and Stock Alerts by James LiApple, Other Hardware Companies Face Revenue Risks if Trump Tariffs Advance, Bernstein Says by Faizan FarooqueBlackstone to Acquire Retail Opportunity Investments for $4 Billion by Faizan FarooqueTrump Victory Sparks Economic Implications, UBS Analysts Weigh In by Faizan FarooqueTrump Media Shares Surge Following Presidential Win Amid Financial Losses by Faizan Farooque","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481196433"}