MRKT MATRIX: November 20, 2024

Today’s Top Stories:

• Nvidia earnings are out — here are the numbers (CNBC)

• S&P 500 is little changed, trimming earlier losses, ahead of Nvidia’s big earnings report (CNBC)

• Target Shares Tumble After Retailer Cuts Profit Outlook (Bloomberg)

• Apple sales fall year-over-year on China’s Singles’s Day, Huawei up 7%, data shows (Reuters)

• Microsoft, Apple are the most under-owned megacap tech stocks, poised for a rebound, Morgan Stanley says (CNBC)

• Pivotal Research hikes Netflix price target to Street-high $1,100 after Tyson-Paul fight (CNBC)

• Delta forecasts more sales growth in 2025 thanks to high-end demand, ‘resilient economy’ (CNBC)

• Comcast Greenlights $7 Billion Spinoff of NBCUniversal Cable Channels (WSJ)

• American Companies Are Stocking Up to Get Ahead of Trump’s China (WSJ)

• A double whammy of tariffs and strikes is coming for US trade and the global supply chain in early 2025 (CNBC)

• The industries that could be hardest hit by Trump's immigration crackdown (Axios)

• RFK Jr. Sparks New Worries About Obesity Drugs. Here’s What Investors Should Focus on Instead. (Barron’s)

Today’s MRKT Call is Presented by SoFi

Nvidia Earnings Preview: Traders Brace For $300 Billon Move

Guy Adami and Liz Young Thomas break down the top market headlines and bring you stock market trade ideas for Wednesday, November 20th.

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