8 Key Events to Watch on November 24th
Dow futures are showing a slight uptick in early morning trading, as U.S. markets prepare for an early closing at 1 p.m. ET. Light trading volumes are anticipated, which means market movements should be viewed with caution. All three major averages are on track for a fourth consecutive winning week.
In a welcome development, the first limited pause in fighting between Israel and Hamas has officially begun today. As part of this pause, thirteen hostages who were abducted by Hamas on October 7th will be released. Additionally, several Palestinians who were detained by Israel are now allowed to return home.
In an industry-shaking move, the NFL will air its first-ever Black Friday game on Amazon Prime today at 3 p.m. ET. This development demonstrates the growing competition between online streaming platforms such as Amazon and traditional linear TV broadcasters.
As Black Friday kicks off, retailers are vying for the attention of shoppers with enticing deals and incentives. Stocks of major retailers such as Amazon, Walmart, and Target have seen moderate gains before market open. The sales performance during this holiday season will be closely monitored as a gauge of the overall health of the U.S. consumer.
Wells Fargo has described Sam Altman’s return to OpenAI after his recent dismissal as a “clear positive outcome” for Microsoft. The partnership between OpenAI and Microsoft is expected to remain strong, improving Microsoft’s position in the field of artificial intelligence.
Broadcom has received an increased price target of $1,200 from KeyBanc following the finalization of the VMware acquisition. This adjustment is accompanied by an overweight rating, as the acquisition is anticipated to have an immediate positive impact on the company’s earnings and gross margin.
Linde, an industrial gas giant, has had its price target raised to $447 from $440. The company’s strong quarterly results and its involvement in the global transition to clean energy make it an appealing investment option.
iRobot’s shares have skyrocketed by 30% following reports that Amazon is on the verge of acquiring the robot vacuum maker, pending regulatory approval in the European Union.
Stay updated with the latest market trends by signing up for the Top 10 Morning Thoughts on the Market email newsletter for free. Please note that the information provided in connection with the CNBC Investing Club, including trade alerts, is subject to terms and conditions, privacy policies, and disclaimers. No guaranteed outcomes or profits are promised.
1. What are the trading hours for U.S. markets on November 24th?
The U.S. markets will close at 1 p.m. ET on November 24th.
2. What is the significance of the first limited pause in fighting between Israel and Hamas?
The pause allows for the release of hostages abducted by Hamas and the return of Palestinians detained by Israel.
3. When is the NFL’s first-ever Black Friday game airing?
The game will be broadcast on Amazon Prime at 3 p.m. ET on November 24th.
4. Which retailers are offering better deals and incentives for Black Friday?
Retailers such as Amazon, Walmart, and Target are striving to attract shoppers with enticing deals and incentives.
5. What is the impact of Sam Altman’s return to OpenAI on Microsoft?
Wells Fargo views Altman’s return as a positive outcome, creating minimal disruption and maintaining a strong partnership between OpenAI and Microsoft.
6. What is the new price target for Broadcom, and why?
KeyBanc raised Broadcom’s price target to $1,200 from $1,000 following the VMware acquisition, as it is expected to have immediate positive effects on earnings and gross margin.
7. Why was Linde’s price target raised?
Linde’s defensive profile and strong quarterly results position it well for continued resilience in 2024. The company is considered a favorable investment for participating in the global transition to clean energy.
8. What has driven the significant increase in iRobot’s shares?
Reports of Amazon’s potential acquisition of iRobot have led to a 30% surge in its share price while awaiting regulatory approval in the European Union.
The post FAQs: appeared first on Clayton County Register.