Today is Friday, November 19, 2021.
Apple's Fully Autonomous Car
Shares of Apple (Nasdaq: AAPL) increased 2.85% on Thursday after a Bloomberg report suggested that the tech company is accelerating development on a fully autonomous vehicle.
Details: According to the report, Apple has made progress on a processor for the self-driving car, with a target date of going to market in 2025.
Background: Apple has been the center of autonomous car reports for years. This new report is meaningful because of the specifics, including the timeline and the details.
Numbers: Apple, which declined to comment on the report, has seen its stock rise nearly 22% this year.
Final Thoughts: It makes sense for Apple to enter this space. It has AI technology on its side.
Notable Earnings Today: Foot Locker (NYSE: FL), Buckle (NYSE: BKE).
Notable IPOs Today: Hudson Pacific Properties, Inc. (NYSE: HPP), KinderCare Learning Companies, Inc. (NYSE: KLC), Hennessy Capital Investment Corp. VI Class A Common Stock (Nasdaq: HCVI), Wejo Group Limited Common Shares (Nasdaq: WEJO), Emerging Markets Horizon Corp. (Nasdaq: HORIU), Advanced Human Imaging Limited. American Depositary Shares (Nasdaq: AHI), Snow Lake Resources Ltd. Common Shares (Nasdaq: LITM), FinWise Bancorp Common Stock (Nasdaq: FINW).
Notable Equity Crowdfunding Campaigns Ending Today: Anderby Brewing (MainVest), QwikLeaf (Fundanna), Parknav (StartEngine), Wicked BOLD (MainVest), Blendid (StartEngine).
Notable Economic Events Today: N/A
Clothing Stocks to See Before Black Friday and Cyber Monday
The National Retail Federation (NRF) projects that clothing will be the top physical retail choice for consumers this holiday shopping season. Before Black Friday arrives, check out these clothing stocks.
Jean Pool: After enhancing its e-commerce business during the pandemic, Levi Strauss (NYSE: LEVI) still wants to open 100 new stores. The stock is up 40% in 2021.
Just Do It: If you’re a believer in shoe sales for the holiday season, then consider Nike (NYSE: NIKE). The stock is up 20% this year.
Stay Warm: Winter is here, and it could be time for winter clothing manufacturer Canada Goose (NYSE: GOOS) to shine. The stock is up 73% in 2021.
Final Thoughts: While technically not an item, the NRF also predicts that gift cards will be popular this holiday season.
Avalanche Has Record Week Due to Deloitte Partnership
The price of the cryptocurrency Avalanche jumped from $88 last week to an all-time high of $108 on Wednesday.
Details: On Tuesday, Deloitte announced a partnership with Ava Labs’ Avalanche blockchain that involves the Big Four firm using Avalanche to help state and local governments easily demonstrate their eligibility for federal emergency funding.
Numbers: Avalanche’s market cap soared from around $19 million last week to over $24 million on Wednesday.
Bigger Picture: What’s remarkable is that Avalanche is having this incredible week while other cryptocurrencies are dropping in price.
Final Thoughts: On Thursday, the price of Avalanche started to decline a bit from its all-time high.
Trends to Watch
Enter the Metaverse: Nike Creates its Own Virtual Reality on Roblox, and it's Called Nikeland (The Street)
Falling Down: Alibaba Stock Is Tumbling After a Bad Earnings Miss and Slashed Sales Outlook (Barron’s)
That Didn’t Work: Workday Stock Falls As Guidance Edges By Views Amid Acquisition (Investor’s Business Daily)
Lots of Crypto: IRS Seized $3.5B in Cryptocurrency During Fiscal 2021 (CoinDesk)
So Sweet: Sweetgreen shares surge 76% in salad chain’s stock market debut (CNBC)
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