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  • Santa Claus Rally in 2024? 🎅

Santa Claus Rally in 2024? 🎅

And, Nvidia's overheating chip snag.

November 18, 2024

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Today is Monday, November 18, 2024.

The Early Bird Index today is 79.72.

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Santa Claus Rally in 2024? 🎅

Will investors see a Santa Claus rally in the stock market at the end of 2024? Experts discuss this topic in a new episode of the Early Bird podcast.

Definition: A Santa Claus rally refers to stock market increases during the last month of the year around Christmas. Stocks on average jump by 1%-2% during this period.

  • Despite the history, there is no guarantee that we will get a Santa Claus rally this year or any year.

Powering the Story: Some experts believe we might get a Santa Claus rally this year.

Yes, But: Experts also warn there’s a chance we might not get a Santa Claus rally in 2024 because the market has already been good recently. For long-term investors, a Santa Claus rally isn’t significant.

Final Thoughts: What sectors should investors pay attention to during the holidays? Find out by listening to a new episode of the Early Bird podcast.

New Decentraland desktop client for Mac and Windows

  • Enhanced avatars and social interactions

  • Improved performance and upgraded environments

  • New features: badges, daily quests, and mini-games

Notables

Notable Earnings Today: Symbotic (Nasdaq: SYM), BellRing Brands (NYSE: BRBR), Brady (NYSE: BRC), Trip.com Group (Nasdaq: TCOM), Twist Bioscience (Nasdaq: TWST), AECOM (NYSE: ACM), Bit Digital (Nasdaq: BTBT), Bitdeer Technologies (Nasdaq: BTDR), Cellectar Biosciences (Nasdaq: CLRB), EHang Holdings (Nasdaq: EH), i3 Verticals (Nasdaq: IIIV), Mondee Holdings (Nasdaq: MOND), Tuya (NYSE: TUYA), Zenvia (Nasdaq: ZENV).

Notable IPOs Today: Colony Bankcorp Inc. (NYSE: CBAN), Damon Inc. Common Stock (Nasdaq: DMN).

Notable Equity Crowdfunding Campaigns Ending Today: Hercules Mulligan (StartEngine), TriAgenics (StartEngine), Copperworks Distilling Company (StartEngine), LUMEOVA (StartEngine).

Notable Economic Events Today: TIC Net Long-Term Transactions (4:00 p.m. ET).

Nvidia's Overheating Chip Snag

While investors wait for Nvidia’s (Nasdaq: NVDA) earnings call this week, a new report suggests the chip giant might face a technical challenge.

Details: The Information reported on Sunday that Nvidia’s new Blackwell AI chip is having problems with overheating in customized server racks. The company is working with suppliers to try to fix the problem.

  • Nvidia did not comment on the report.

Background: Nvidia has already delayed its Blackwell chip by a few months due to design challenges.

Stock Price: Nvidia is up 194% this year.

Final Thoughts: Circle your calendars for Wednesday because that’s when Nvidia reports earnings.

Solana Surges Due to ETF Speculation

Amid speculation about a potential ETF (exchange-traded fund) for Solana, the price of the cryptocurrency jumped 10% on Sunday.

Final Thoughts: Solana’s price has more than doubled in 2024.

Weird Times: What to expect from the markets under Trump (Financial Times)

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The contents of Early Bird are intended for informational and entertainment purposes only. They do not constitute trade or investment recommendations and they are not financial or legal advice. Readers are encouraged to consult licensed professionals for personalized guidance regarding their financial or legal situations.