Alfred Gray

THIS WEEK'S DATES

US CPI

November US CPI inflation data will be released on Tuesday. According to analyst expectations, it should be unchanged month-on-month, but its core value could rise slightly month-on-month. According to Bloomberg, this could open up room for the Fed to consider cutting rates. Bloomberg also estimates that inflation could stay below 3% in the first half of...
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COMPANY RESULTS FOR THIS WEEK

Monday (December 11)

USA (after market): Oracle

Tuesday (12 December)

Europe (pre-market): Carl Zeiss Meditec

USA (pre-market): Johnson Controls International

Wednesday (13 December)

Europe (pre-market): Industria de Diseno Textil

Europe (after market): LPP

USA (after market): Adobe, Nordson

Thursday (14 December)

USA (after market): Costco Wholesale, Lennar

F...
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AI SOFTWARE GEMINI PUSHES GOOGLE SHARES UP

As fierce competition in the big tech sector and escalating investor hype make the adoption of artificial intelligence (AI) an increasingly risky proposition, Google is making significant progress with its latest AI software model, Gemini. Alphabet, Google's parent company, saw its shares rise 4.8% to $136.25 early last quarter - a...
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WORSE REPORTED RESULTS FOR C3.AI

C3.ai shares fell after lower-than-expected earnings in its fiscal second quarter, although its reported net loss improved slightly from a year earlier.

C3.ai posted a loss per share of 13 cents, better than analysts' expectations, but earnings fell short of the FactSet consensus.

The move to a consumption-based pricing model has gained support...
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Eurozone: 3Q GDP unchanged yoy on expectations of 0.1% growth according to final data

GDP (seasonally adjusted) (q-q) (3Q - final):
current value: -0.1%
market expectations: -0.1%
previous value: -0.1%

GDP (y-y) (seasonally adjusted) (3Q - final):
current value: 0.0%
market expectation: 0.1%
previous value: 0.1%

Source: Bloomberg

Nvidia seeks to build AI ecosystem in Japan

Silicon Valley-based tech giant Nvidia Corp. has announced plans to collaborate with Japanese research organizations, companies and startups to build an artificial intelligence (AI) ecosystem in Japan. By leveraging its expertise in manufacturing graphics chips, which are widely used for training AI services, Nvidia aims to meet the...
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Telecom company Ericsson wins $14 billion project to modernize AT&T

Swedish telecommunications company Ericsson has won a USD 14 billion project to upgrade AT&T's wireless networks.

Ericsson has won a USD 14 billion contract to upgrade AT&T's wireless networks. The Swedish telecommunications company announced Monday that AT&T will be able to select more suppliers for antennas...
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CARVANA SHARES GAINED 11%

Shares of Carvana, a growing force in the online used car sales industry, have risen significantly this year from about $4 to $40. On Monday, the stock saw another 11% increase, which was largely boosted by a rating upgrade from influential banking giant J.P. Morgan.

A team of J.P. Morgan analysts led by Rajat Gupta upgraded Carvana's stock rating to...
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APPLE/PARAMOUNT POSSIBLE JOINT STREAMING PACKAGE

Media industry stocks strengthened significantly on Friday following a report by the Wall Street Journal that tech giant Apple and media conglomerate Paramount Global are in preliminary talks to create a package of their streaming platforms. This proposed partnership could potentially mean an Apple TV+ and Paramount+ bundle that...
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FOOT LOCKER RESULTS

Results

Comparable sales decreased by 8%. Analysts were expecting a 9.88% decline. The total number of stores fell 6.7% year-over-year to 2,607, while analysts were expecting 2,557.

Foot Locker also disclosed its intention to enter the Indian market in 2024 through a long-term licensing agreement with one of India's largest footwear retailers, Metro Brands...
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APPLE AND THE ALLEGED TERMINATION OF COOPERATION WITH GOLDMAN SACHS

Technology company Apple is reportedly ending its relationship with investment bank Goldman Sachs, according to the Wall Street Journal.

According to people familiar with the matter, Apple has sent a request to the investment bank Goldman Sachs to terminate the cooperation in the next 12 to 15 months. The entire...
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NVIDIA AND THE CHINA CHALLENGE

Shareholders of Nvidia Corporation $NVDA were disappointed over the Thanksgiving holiday as renewed focus on the company's hardware export problems to China impacted share prices, but experts suggest that a broader understanding of its technology could reveal potential investment benefits. In early trading on Monday, the shares rose a marginal 0.4%...
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INTERESTING LUXURY GOODS STOCK TITLES

Swiss investment bank UBS is urging investors to snap up shares in luxury goods companies Hermes, Richemont - owner of Cartier - and Hugo Boss as 2024 approaches. Despite a generally cautious tone when it comes to the sector, UBS maintains a bullish view on the three stocks, confident in the growing attractiveness of their valuations. The...
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AMAZON ACQUISITION

Shares of leading robot maker iRobot rose around 39% on Friday after reports emerged that the European Union (EU) could approve Amazon's $1.7 billion acquisition of the company. If completed, the highly anticipated deal would be Amazon's fourth-largest transaction in its history.

iRobot, which is widely known as the maker of the popular Roomba vacuum cleaners,...
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Dell, once considered the darling of the tech world, has experienced an unexpected stock surge in the past year. The computer hardware maker has seen its stock rise nearly 120%, catching the attention of brokers across the country. However, the reasons for this sudden surge are not primarily due to their performance and may not be beneficial for the company in the long run.

One...
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