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Good morning investors!

If this is your first time reading, welcome to The Investor’s Edge — a thriving community of over 20,000 subscribers striving to be better investors with an edge in the market.

Every Wednesday we publish “The Mid-Week Wrap-Up” — your ticket to being well informed and staying ahead in the investment game!

This report is designed to help investors of all skill levels break down important stories/topics within the stock market. And best of all, we cut through all of the BS and give you exactly what you need to know in easy to digest, bite sized pieces of content.

This article is designed to truly give you that EDGE in the day ahead!

Grab your afternoon pick me up and let’s dive in.

Market Talk

The major indexes, treasury yields, oil and Bitcoin are all surging higher following the election results.

3 Stories Moving the Market

These are some of the biggest stories so far this week that are having an influence on market action.

Stock market surges as Trump defeats Harris

Stocks surged as Donald Trump won the 2024 presidential election, sparking a strong rally driven by expectations of pro-growth and deregulation policies. The Dow Jones jumped 2.9%, while the S&P 500 and Nasdaq 100 gained 2.1% and 1.7%, respectively.

Key sectors expected to benefit under a Trump presidency saw major gains: Tesla shares surged 13%, and major banks like JPMorgan and Bank of America rose over 6%. Small-cap stocks in the Russell 2000 soared 6%, with investors anticipating benefits from Trump's tax cuts and protectionist stance.

Bitcoin reached an all-time high of $75,000, and the dollar index climbed on expectations of Trump’s tariffs boosting the greenback. The 10-year Treasury yield spiked to 4.43% amid forecasts of economic growth from proposed tax cuts, though concerns about inflation and a widening deficit remain.

With NBC projecting a Republican Senate win and a potential GOP House takeover, markets anticipate major policy shifts, tax changes, and increased M&A activity.

Trump Media & Technology Group also surged 37% today.

Palantir shares surge 23% to record on uplifting guidance

Palantir posted a solid Q3 earnings report, beating revenue and EPS estimates on strong demand across U.S. commercial and government sectors.

The company reported net income of $143.5 million, up 101% YoY, with revenue reaching $725.5 million, a 30% increase from the previous year, outperforming the $705.1 million revenue estimate.

Notable highlights include U.S. government revenue of $320 million (up 40% YoY) and U.S. commercial revenue of $179 million (up 54% YoY). Operating income surged 183% YoY to $113.1 million, while operating cash flow grew by 215% YoY to $419.8 million, with free cash flow reaching $434.5 million, marking a 209% increase YoY. Palantir’s customer count also grew by 39% YoY, with 104 deals closed valued over $1 million.

For full-year 2024, Palantir raised its revenue guidance to $2.805-$2.809 billion and anticipates free cash flow above $1 billion, with Q4 revenue projected between $767-$771 million.

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Boeing machinists end strike after approving labor contract with 38% raises

Boeing machinists ended a seven-week strike by approving a new labor contract with a 59% vote in favor, which provides a 38% wage increase over four years and improved retirement benefits.

This agreement is a relief for Boeing CEO Kelly Ortberg, who took over in August amid the company’s financial and operational challenges, including a recent $20 billion share sale and plans to cut 10% of its workforce.

The end of the strike will allow Boeing to resume aircraft production, critical to its recovery as payments are tied to aircraft deliveries. However, returning to pre-strike production rates, especially for the cash-generating 737 Max, will take time due to potential retraining needs for some workers.

President Joe Biden praised the contract, highlighting its importance for Boeing’s future in the U.S. aerospace sector. The union acknowledged this as a significant win for workers, with machinists' pay expected to average $119,309 by the contract’s end, but warned that further improvements were unlikely in future negotiations.

In Other News

In this section we'll be curating a selection of news headlines we think you'll find interesting. If a topic catches your eye, click the provided links to read more about it.

• Tesla jumps 15% as Trump-backer Musk seen benefiting from White House win

• CVS posts mixed results, holds off on guidance in Joyner’s first earnings report as CEO

• Energy Drink Maker Celsius Misses On Q3 Earnings As Supply Chain Optimization Weighs On Margins

• Super Micro Slides on Weak Outlook as Delisting Risk Looms

• Realty Income Misses FFO Estimates

• Weekly mortgage demand tanks 11% as interest rates surge higher

• Bitcoin surges to a record $75,000 as Trump victory heralds weaker regulation

The Second Half

With the election in the rear view, the focus now shifts to the Federal Reserve and its latest interest rate decision. There’s also several key earnings reports to watch..

Earnings Reports

There are still some major earnings this week. We will be watching Qualcomm, Mercado Libre, AirBnB, the Trade Desk, Block, and Hershey.

Here is the calendar of earnings releases scheduled for the rest of the week:

Economic Reports

The Fed’s interest rate decision and Powell’s speech afterwards now take center stage to end the week. There will also be the latest initial jobless claims data and consumer sentiment data.

Here is the full calendar of events scheduled for the remainder of the week:

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Thank you for reading this edition of the Mid-Week Wrap-Up.

Until next time investors!

Mark & Chris

The Investor’s Edge

Disclosure

This is not investing advice. It is very important that you do your own research and make investments based on your own personal circumstances, preferences, goals and risk tolerance.