Day: November 26, 2024

DELL earnings out – down 5.5%

DELL TECHNOLOGIES 3Q ADJ EPS $2.15, EST. $2.05 DELL TECHNOLOGIES 3Q TOTAL NET REV. $24.37B, EST. $24.59B submitted by /u/XGramatik [link] [comments]

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CRWD earnings out – down 3%

CROWDSTRIKE 3Q ADJ EPS 93C, EST. 81C CROWDSTRIKE 3Q REV. $1.01B, EST. $983.1M submitted by /u/XGramatik [link] [comments]

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HPQ earnings out – down 15% OUCH!

HP INC 4Q ADJ EPS 93C, EST. 93C HP INC 4Q NET REV. $14.06B, EST. $14B HP INC SEES 1Q ADJ EPS 70C TO 76C, EST. 86C submitted by /u/XGramatik [link] [comments]

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Musk uses X to push his preferred political picks. Trump isn’t always swayed

https://preview.redd.it/bwj92b3twa3e1.png?width=800&format=png&auto=webp&s=6530f0918da3d7733790a5b69c67b636028ba30b Billionaire Elon Musk has been using his social media platform X to go to bat for President-elect Donald Trump’s cabinet picks and promote his own preferred candidates, advocating for choices he views as change agents who will help remake the U.S. government. In several high-profile cases, however, Musk backed people who either lost out on the roles or withdrew from consideration, suggesting some early limits to the Republican mega donor’s influence even as he has emerged as one of Trump’s most powerful allies. Musk, who has 206 million followers on X, posted or reposted about Trump’s cabinet picks more than 70 times between Nov. 7 and Nov. 20, a Reuters review found. Though the posts represented just a fraction of his more than 2,000 posts during that period, Musk in many cases used them to give attention to Trump’s most controversial choices, including former Democratic congresswoman Tulsi Gabbard for U.S. intelligence chief and environmental activist Robert F. Kennedy Jr to lead the top U.S. health agency. Musk most enthusiastically rallied support for Matt Gaetz, the former congressman Trump initially tapped to be his attorney general. In the days following Gaetz’s Nov. 13 nomination, Musk posted 37 times about Gaetz or his wife Ginger, mostly in positive terms. That was far more than his posts about Trump’s other appointments. Gaetz backed out of consideration on Nov. 21, saying his candidacy had become a distraction for Trump amid allegations of sexual misconduct and illicit drug abuse. He has denied wrongdoing. For Trump’s Treasury secretary, Musk pushed for Wall Street financier Howard Lutnick over hedge fund manager Scott Bessent, whom Musk dismissed as “a business-as-usual choice.” Bessent got the job anyway. And in a separate fight over Senate leadership, Musk’s endorsed candidate also came up short. One Trump ally said those misses showed the limitations of Musk’s sway. Musk’s reach on X “doesn’t mean he’s an effective advocate for his positions or chosen cabinet members,” the Trump ally said. “He’s still learning how to operate in politics.” Spokespeople for X and Musk did not respond to Reuters requests for comment for this story. Musk, who owns X and rocket company SpaceX and is chief executive of the electric car company Tesla Inc., poured at least $119 million into getting Trump elected and has been a near-constant fixture at Trump’s Florida residence, Mar-a-Lago, since his election victory earlier this month. The two men attended an Ultimate Fighting Championship event in New York and a SpaceX launch in Texas, and Musk traveled with Trump to Washington for his meeting with President Joe Biden. On Saturday, Musk reposted a photo that showed him sitting with Trump, Lutnick and Republican Senator Joni Ernst at Mar-a-Lago, where they were discussing cabinet nominees, according to the caption. “Elon Musk and President Trump are great friends and brilliant leaders working together to Make America Great Again. Elon Musk is a once in a generation business leader and our federal bureaucracy will certainly benefit from his ideas and efficiency,” said Brian Hughes, a spokesperson for the Trump transition team. Musk’s close proximity to Trump has prompted some hand-wringing and complaints from the transition team, who were not accustomed to him being around so much, according to two sources close to Trump staff. Amid increased scrutiny of his unusual role, Musk wrote in a post on X on Nov. 20 that while he had offered his opinion on some candidates, he was not in charge. “Many selections occur without my knowledge and decisions are 100% that of the President,” Musk said. EFFICIENCY AND EMOJIS Musk’s political posts on X far outnumbered those he used to promote his three businesses, the Reuters review found. He frequently mocks liberals and posts about government waste and Trump’s newly created government efficiency panel, which the president-elect tapped Musk and entrepreneur Vivek Ramaswamy to lead. Musk’s typical posts consist either of an emoji or a short response to other posts. “Exactly,” he wrote on Nov. 14, in response to a post noting that Trump’s cabinet picks were “young outsiders” who “skipped the line.” He responded with “Awesome” and a smile emoji on Nov. 13 to a post that said: “They put Tulsi Gabbard on a terror watchlist. Now she’s Director of National Intelligence. The biggest ‘F you’ to the Deep State Swamp.” On Nov. 16, as questions swirled about who Trump would pick for his Treasury secretary, Musk wrote on X that Bessent was “a business-as-usual choice,” while Lutnick would “actually enact change.” Musk also lobbied against Bessent internally, two sources close to Trump said. His efforts fell flat. On Nov. 22, Trump tapped Bessent for the job. Earlier in the month, Musk threw his support behind Republican Senator Rick Scott for Senate majority leader. Trump chose not to weigh in, and Scott ultimately lost to Senator John Thune for the position. One source close to Musk was struck by Musk’s willingness to stick with Trump even after he’s been “shut down a couple of times” by the president-elect. “That’s very rare for a billionaire,” the source said. “In general when they don’t get what they want, they walk away.” The source said Musk was committed to Trump’s government efficiency efforts. “He’s really focused on the goal,” the source said. Another test of Musk’s influence lies ahead. Since the election, he has posted six times in support of Trump loyalist Kash Patel running the FBI. Patel, who served on Trump’s National Security Council during his first term, has promised to go after politicians and journalists perceived to be enemies of Trump. Musk’s X posts make clear that he sees Patel as the best option for change and reform. On Nov. 14, Musk posted a “100%” emoji in response to a clip of Patel saying that he would shut down the FBI’s headquarters on day one of Trump’s new administration and reopen it as a “Deep State Museum,” with the caption “Make him FBI director.” submitted by /u/Pllover12 [link] [comments]

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Ethereum Forecast: ETH on-chain data shows mixed investor sentiment amid price decline

Bloomberg: Ethereum Price Forecast: ETH could decline to $2,300 if it validates triple top pattern Ethereum is down 3% on Tuesday following $76.23 million in ETH futures liquidations in the past 24 hours. Liquidated long and short positions accounted for $64.48 million and $11.75 million, respectively. ETH appears to have posted a triple top pattern after seeing a rejection near an ascending trendline and declining below the $3,400 key level. ETH/USDT 4-hour chart If ETH validates the pattern by declining below the $3,000 support level, it could find support near the $2,817 key level, which buyers have defended for nearly four months — April through July. A decline below the $2,817 level will send ETH to find support near the $2,300 level, a historically high demand zone. The Relative Strength Index (RSI) is declining and testing its neutral level midline, indicating rising bearish momentum. A candlestick close above the ascending trendline will invalidate the thesis. submitted by /u/Denchock [link] [comments]

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EUR/CAD Price Analysis: Pair finds resistance at 100-day SMA

The EUR/CAD witnessed a 0.40% uptick to 1.4740 on Tuesday, although bulls faced resistance at the 100-day Simple Moving Average (SMA) and retreated from the seven-day high of 1.4980. The pair’s two-day upward streak have created a promising technical outlook. The Relative Strength Index (RSI), currently at 44, suggests that buying pressure is recovering despite being in negative territory. The Moving Average Convergence Divergence (MACD) histogram’s red and decreasing condition indicates a decline in selling pressure. These indicators point to a potential trend reversal. The EUR/CAD pair is currently facing resistance at the 100-day SMA. If the pair breaks above, it could extend its recovery. However, sellers may keep pulling the pair lower if the pair fails to break above this resistance. For maintaining the recovery, bulls must defend 1.4900. submitted by /u/Denchock [link] [comments]

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TKL: S&P 500 buybacks jumped 35% in Q2 2024 to $236 billion, near the all-time record.

Furthermore, a massive 52% of stock repurchases were conducted by the index’s top 20 firms. This compares to a long-term average of 48% and pre-pandemic average of 45%. Apple, AAPL, Alphabet, GOOGL, Meta, META, and Nvidia, NVDA ALONE back $63 billion of stock. The Information Technology sector saw $68 billion of repurchases while Financials and Communication Services saw $45 billion and $35 billion, respectively. Buybacks are fueling the stock market rally. submitted by /u/XGramatik [link] [comments]

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Biden Administration Finalizes Chip Act Grant for Intel

The Biden administration announced on Tuesday the Commerce Department has awarded $7.865 billion to the company via direct funding from the Chips and Science Act. Along with the funding, Intel agreed not to do stock buybacks for five years, with some undisclosed exceptions. The chip maker had already paused its buybacks in recent years. submitted by /u/FXgram_ [link] [comments]

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76% of X-influencer-promoted meme tokens are dead. CoinWire researchers came to this conclusion after studying 1,567 coins.

In the first week, 80% of such meme coins lose an average of 70% of their value. After a month, 90% of them are reduced by another 80%. After three months, 86% of tokens fall by about 10 times. At the same time, analysts noted that the more subscribers an influencer has, the lower the effectiveness of the coins he promotes. https://forklog.com/?p=245994 #memes submitted by /u/glira31 [link] [comments]

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The iconic Forbes ’30 Under 30′ strikes again! Another “young and promising” nominee, Joanna Smith-Griffin, got arrested last week. Turns out her AI chatbot startup pitches to investors were a bit too creative – like inflating annual revenue by 330x. Just a little embellishment, right? 👀

https://preview.redd.it/h7mzsyych83e1.jpg?width=1280&format=pjpg&auto=webp&s=b426e1d61d667dc5cb3d950ba99797c57ca7aa9a submitted by /u/FXgram_ [link] [comments]

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📊🤪🇺🇸 The US budget deficit was $1.69 trillion in 2023 😲 Elon Musk’s DOGE is sounding the alarm, pointing out the need for budget reforms. A surplus has not been recorded for more than 20 years—since 2001.

The US budget deficit was $1.69 trillion in 2023 😲 Elon Musk’s DOGE is sounding the alarm, pointing out the need for budget reforms. A surplus has not been recorded for more than 20 years—since 2001. submitted by /u/Yuriy_UK [link] [comments]

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