$XPeng Inc.(XPEV)$ reported a record gross margin of 15.3 percent in Q3, compared to negative 2.7 percent in the same period in 2023 and 14.0 percent in Q2 2024. Xpeng's revenues from services and others for the third quarter were RMB 1.31 billion, an increase of 90.7 percent from RMB 690 million for the same period in 2023, mainly due to the increase in revenues generated from the technology partnership with$Volkswagen AG(VWAGY)$ .
The S&P 500 has climbed more than 24% year-to-date, with Wall Street maintaining a bullish stance on U.S. stocks. Analysts predict the benchmark could hit approximately 6,500 points by 2025, suggesting a 10% upside from Tuesday's close at 5,917. We should remain cautious of potential risks and uncertainties. While a Trump victory is perceived as a boost for U.S. equities due to his proposed corporate tax cuts, some analysts warn that his policies, such as tariffs and immigration restrictions, could spur inflation and interest rates, posing risks to the stock market.
$Tesla Motors(TSLA)$ Tesla stock closed 5.6% higher on Monday at $338.74, but it was down 1.2% in premarket trading on Tuesday. Year-to-date, Tesla stock is up 36.4%.
The Rocket Lab's recent performance has been remarkable, with shares up more than 350% over six months. Beck attributed this partly to investors' growing understanding of Rocket Lab's position as the second-largest space company behind Elon Musk-led SpaceX, which is valued at over $200 billion compared to Rocket Lab's sub-5% relative valuation. Looking ahead, Rocket Lab projects fourth-quarter revenue between $125 million and $135 million, anticipating continued growth through year-end. The company has also secured new contracts, including a multi-launch agreement with a commercial satellite constellation operator and an $8 million award from the U.S. Air Force Research Laboratory.
In October 2024, the annual inflation rate in the US rose to 2.6%, up from 2.4% in September, which had been the lowest rate since February 2021. This increase, aligning with market expectations, marked the first rise in inflation after seven months of steady or declining rates. The annual core CPI, which omits volatile items like food and energy, remained steady at 3.3%. This rate, matching a three-month high, was consistent with both the previous month's figures and market predictions.
$Marathon Digital Holdings Inc(MARA)$ Marathon Digital Holdings' shares surged by 29.92% to close at $25.01. The stock's intraday high and low were $25.47 and $21.8 respectively, with a 52-week range of $34.09 to $8.84. The company is set to release its quarterly earnings report on Tuesday, with analysts expecting an EPS of $-0.21.
Coinbase shares surged 20% to a three-year high Monday as investors bet that higher trading volumes and a more favorable regulatory environment under the incoming Trump Administration could benefit the crypto exchange. The stock broke out above the top trendline of a seven-month descending channel last week on above-average volume, with follow-through buying continuing into this week. We should watch key overhead levels on the Coinbase chart around $369, $430, and $695, while monitoring an important support area near $220.
$Grab Holdings(GRAB)$ Grab's revenue growth might slow slightly in the third quarter before potentially accelerating in the fourth quarter, supported by an expected rise in ride-hailing demand from Chinese travellers during China's Golden Week holiday. Sensor Tower data suggests Grab's transacting users could increase by over 10% compared to last year in Q3, although the adoption of lower-cost service tiers might dilute average spending per user, impacting overall revenue in mobility and food delivery.
Bitcoin reached a fresh all-time high near $81,000. Futures premiums soared, in a clear sign that investors believe the record-run in the world’s largest cryptocurrency is poised for even more gains on the back of elections that saw a swell of pro-crypto candidates win office. Open interest in bitcoin’s price running above $90,000 rose to more than $2.8 billion on the popular Deribit derivatives exchange, one of a few crypto native platforms that offers futures trading.
Shopify has strong earnings prospects due to growth in e-commerce, expanded services, and global reach. However, competition and economic uncertainties could impact its growth trajectory and profit margins.