?? SoftBank Secures First Nvidia Blackwell Chips for AI Supercomputer

The articles and information in this newsletter are a summary of yesterday’s trading and related news. They are presented for informational purposes only. Nothing in the newsletter should be taken as investment or trading advice.

S&P 5005, 983.99-17.36 (-0.29%)

Dow Jones 43,910.98-382.15 (-0.86%)

NASDAQ 19,281.40-17.36 (-0.09%)

Market close: November 12, 2024

Breaking News

SoftBank Secures First Nvidia Blackwell Chips for AI Supercomputer.

?? SoftBank's Japanese telecoms unit will receive the first chips using Nvidia's latest Blackwell design for its supercomputer, the California-based chip designer said, as Masayoshi Son looks to ride the artificial intelligence boom. Reuters reports.

Image source: Photo by Mariia Shalabaieva on Unsplash

EdgeUp

?? WallBonus: Wall Street bonuses will rise for the first time since 2021, consultant says. Reuters reports.

?? ChipBattle: Amazon offers free computing power to AI researchers, aiming to challenge Nvidia. Yahoo Finance reports.

?? VaxDrop: Novavax cuts 2024 revenue forecast again on lower COVID vaccine sales. Reuters reports.

?? HolidayBoost: Shopify’s stock heads for best day ever on upbeat holiday forecast. MarketWatch reports.

?? EuroChoice: Facebook and Instagram users in Europe can opt for less personalized ads. Yahoo Finance reports.

?? NetGrowth: Netflix ad-supported tier has 70 million monthly users two years after launch. CNBC reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time) Benzinga reports.

1. $MVST: Microvast Holdings

Total gain: 123.02%

2. $DAVE: Dave

Total gain: 47.72%

3. $CYCC: Cyclacel Pharmaceuticals

Total gain: 37.04%

4. $ENSC: Ensysce Biosciences

Total gain: 33.76%

5. $NMHI: Nature's Miracle Holding

Total gain: 32.08%

Trading Strategies

Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 9 AM ET for "Pre-Market Momentum”.

The Small Cap Screener Strategy

For those of you who favor small-cap stocks, I’ve tailored a screener that looks for certain key metrics to identify high-potential opportunities. Here are some filters I recommend:

1. Price-to-Earnings Ratio Below 30: I look for stocks with a P/E ratio below 30 to ensure they have room for growth without being overvalued.
2. Price-to-Sales Ratio Below 3: This indicates you’re not overpaying for each dollar of revenue generated.
3. Five-Year Earnings Growth Above 5%: Consistent growth over five years is a good sign of stability.
4. Return on Assets Above 5%: This shows the company is efficient with its assets, a crucial factor for long-term profitability.
5. Debt-to-Equity Ratio Below 1: A manageable debt load is important, as excessive debt can strain a company’s resources.
6. Current Ratio Above 1: This ensures the company can meet its short-term obligations.
7. Net Profit Margin Above 10%: A solid profit margin indicates efficient operations and strong cash flow potential.

?? Read more

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Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on November 12.

(All pricing and percent gains are based on regular market trading hours from 9:30 am to 4:00 pm Eastern Time)

1. $BTCT: BTC Digital

Total gain: +316.67%

The stock appeared to be moving on no notable news.

2. $NA: Nano Labs

Total gain: +159.88%

The stock appeared to be moving on no notable news.

3. $AGFY: Agrify Corporation

Total gain: +58.59%

The company announced that it has signed a non-binding letter of intent to acquire specific assets from Double or Nothing LLC, the creator and owner of the Se?orita brand of hemp-derived legal THC drinks. The acquisition will be made in exchange for 530,000 shares of Agrify common stock or equivalent stock options. The transaction is expected to close by the end of the year. Benzinga reports.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

CSCO Cisco Systems

1Q 2025

After Market Close Estimate: 0.870

Actual: N/A

NU Nu Holdings

3Q 2024

After Market Close Estimate: 0.110

Actual: N/A

BRFS BRF

3Q 2024

After Market Close Estimate: 0.060

Actual: N/A

Today’s Key Economic Dates

Time (ET) / Report / Period

8:30 am Consumer price index - October

8:30 am CPI year over year

8:30 am Core CPI - October

8:30 am Core CPI year over year

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Parting Thoughts

“The market is driven by the psychology of investors, and people do not always act rationally.” ― Burton G. Malkiel

Sourced in: "A Random Walk Down Wall Street: The Time-Tested Strategy for Successful Investing", by Burton G. Malkiel, published in 1973

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