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[Winners Announcement:17 Oct ]
1.Here are the 4 Tigers whose post has the best quality & interaction yesterday: @JC888 @nerdbull1669 @Tiger V @koolgal
Congratulations on being offered 50 Tiger Coins!
Procter & Gamble (PG) Expected Lacklustre Earnings MIght Hurt Consumer Staples Sector
CBRS IPO soon. Ready to top NVDA & AMD. Yes!
Mixed Market Sentiment as US Retail Sales Shine but Global Concerns Persist
2.Here are the stocks mentioned by the above Tigers: $Procter & Gamble(PG)$ $Consumer Staples Select Sector SPDR Fund(XLP)$ $NVIDIA Corp(NVDA)$ $Advanced Micro Devices(AMD)$ $DBS Group Holdings(D05.SI)$ (Not investment advice)
And let's congratulate these Tigers for winning 5-40 Coins:
Below are Today's Key Takeaways.
Top News Move the Market
The Dow Jones Industrial Average advanced on Thursday to its fourth record close in the last five sessions, as stronger-than-expected monthly retail sales indicated a robust U.S. consumer and TSMC's upbeat forecast buoyed chipmakers' stocks.
U.S.-listed shares of $Taiwan Semiconductor Manufacturing(TSM)$ rose 9.8% after the Taiwanese chip maker reported third-quarter earnings that surged 54% from a year earlier to a record 325.26 billion New Taiwan dollars ($10.1 billion), driven by demand related to artificial intelligence. Taiwan Semiconductor, which is the main producer of chips designed by Nvidia, said revenue in the period soared 39% to a record NT$759.69 billion. Nvidia was up 0.9% to $136.93 and was briefly headed for a record closing high following the release of Taiwan Semi's earnings.
Shares of $Netflix(NFLX)$ rose as much as 4.95% to $722 in after-hours trading. Netflix Inc. added more than 5 million customers in the third quarter and eclipsed Wall Streetβs expectations on every major financial metric despite a new programming slate constrained by last yearβs strikes in Hollywood. Sales for the period grew 15% to $9.83 billion, the company said in a Thursday, while earnings increased to $5.40 a share. Analysts were predicting Netflix would add 4.52 million subscribers.
$Lucid Group Inc(LCID)$ tumbled 18% after the electric-vehicle maker said in a filing it estimates its third-quarter loss from operations will range between $765 million and $790 million, wider than analysts' estimates for a loss of $752 million. The company said it expects revenue of between $199 million and $200 million, compared with consensus of $196 million. Lucid also announced a public offering of more than 262 million shares.
U.S. retail sales increased solidly in September likely as lower gasoline prices gave consumers more money to spend at restaurants and bars, supporting the view that the economy maintained a strong growth pace in the third quarter.
The slightly stronger-than-expected rise in sales reported by the Commerce Department on Thursday also reflected sharp increases in receipts at clothing store outlets as well as miscellaneous store retailers. Consumers boosted online purchases and spent more at health and personal care stores.
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