To The Moon

🌟🌟🌟Thanksgiving is almost here. Will the stock markets see a rise next week? According to previous records, Thanksgiving week normally sees an average S&P500 gain of 0.6% outperforming other weeks of the year. Next week's key focus will be on Tuesday with the release of the minutes of the FOMC meeting on November. Investors will be watching closely to determine when will be the end of the Feds interest rates hikes as well as insights on the economic outlook. Another focal point would be $NVIDIA Corp(NVDA)$ 3Q 2023 Earnings scheduled on Tuesday. Wall Street Analysts expect Nvidia to post quarterly earnings of USD 3.34 per share which indicates a year over year increase of 475%. Revenues are expected to be USD 16.12 billion, up 171% from previous year quarter. Nvidia is the best performing company among the Magnificent 7, with a massive 244% jump year todate. It is now firmly part of the Trillion Dollar Club with a market capitalisation of USD 1.22 Trillion. $Coinbase Global, Inc.(COIN)$ Has also done well with a jump of 194.79% year todate. This is due to the expectation that SEC would approve Bitcoin ETF in January 2024. Bitcoin has hit almost USD 38,000 recently and is up 120% this year. $Palantir Technologies Inc.(PLTR)$ rose above USD 20.24 on Friday. This is the highest level that Palantir has traded since November 2021 and this is the 3rd straight week of gains. Palantir is up 220% year todate. Palantir has been awarded the half billion pounds contract by NHS to create a NHS patient data platform, pending ministerial approval according to Digital Health, a health news website. $AMC Entertainment(AMC)$ has just reported its 3Q23 earnings with a net income of USD 12.3 million which is a vast improvement from a net loss of USD 227 million previous year. AMC posted Diluted Earnings of 8 cents per share versus a net loss of USD 2.20 per share. Adjusted EBITDA jumped to USD 193.7 million from a negative USD 12.9 million a year ago. This is due to Blockbusters movies this year such as Barbie, Oppenheimer, Mission Impossible - Dead Reckoning Part 1 and Equaliser. Taylor Swift The Eras Tour Film set new records at the Box Office. AMC also plans to begin showing Renaissance - A Film by Beyonce globally on December 1. In August this year, there was a reverse stock split for AMC of 1 for 10 after approval from the Delaware Court to convert its preferred equity units nicknamed APEs into ordinary shares. Performance wise AMC is down 75% year todate. Given AMC's intense competition from streaming and its high level of debt, CEO Adam Aron has an uphill task to keep AMC running. Another stock that is struggling is $Faraday Future Intelligent Electric Inc.(FFIE)$ as its share price has plummeted 97% year todate. Faraday had a reverse stock split on August 25 2023 of 1 for 80. This is to meet Nasdaq's requirement of USD 1 per share. Faraday's last closing price was 57 cents per share. It has a new CEO Matthias Aydt who has the tough task to get Faraday back up running. He said that he plans to cut costs and improve sales. The US stock markets have notched their 3rd successive week of gains, buoyed by inflation data falling short of forecasts. With Thanksgiving week coming up, I believe the above stocks should do well even AMC and Faraday Futures. After that, it's the year end Santa Rally to round up an eventful 2023. Optimism is in the air that the Feds are down rate hiking and that will bring much cheer to the markets. @Daily_Discussion @TigerStars @MillionaireTiger @CaptainTiger @Tiger_comments @Tiger_Earnings @TigerClub @Tiger_SG