MRKT MATRIX: November 27, 2024

Today’s Top Stories:

• Nasdaq drops the day before Thanksgiving as Nvidia, Dell slides (CNBC)

• Donald Trump selects Kevin Hassett to lead National Economic Council (CNBC)

• Trump’s Tariff Message: I’m in Charge of the Economic Agenda (WSJ)

• US GDP Grows at Solid 2.8% Pace, Helped by Consumer Spending (Bloomberg)

• JPMorgan sees S&P 500 rising to 6,500 in 2025 thanks to AI and deregulation (CNBC)

• Homebuyer demand for mortgages jumps 12%, after first interest rate drop in over 2 months (CNBC)

• OPEC’s Dilemma: Another Year of Oil Supply Curbs or Price Slump (Bloomberg)

• Exxon is the best oil stock, as its big bet on cutting carbon emissions should pay off, UBS says (CNBC)

• Apple Misses Out on Big 2024 Smartphone Market Rebound, IDC Says (Bloomberg)

• OpenAI gets new $1.5 billion investment from SoftBank, allowing employees to sell shares in a tender offer (CNBC)

• Inside Elon Musk’s Quest to Beat OpenAI at Its Own Game (WSJ)

• Inflation-Battered Consumers Are Going to Extreme Lengths to Nab Holiday Deals (Bloomberg)

• Taylor Swift Looks to Deliver Another Megahit - for Target Stores (WSJ)

Today’s MRKT Call is Presented by SoFi

Stocks At Record Highs Ahead of Thanksgiving Holiday

Dan Nathan, Guy Adami and Liz Young Thomas break down the top market headlines and bring you stock market trade ideas for Wednesday, November 27th.

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Today’s Okay, Computer. is Presented by RBC and Current

The Return of Tech IPOs in 2025? What’s Fueling the Optimism with RBC's Jesse Chasse

Dan Nathan is joined by Jesse Chasse, head of tech ECM at RBC Capital Markets, to discuss insights from RBC's recent TIMT conference in New York City. They explore the optimistic outlook for the IPO market in 2024, the performance of software subsectors, and the impact of generative AI. The conversation covers the public versus private investment dynamics, venture capital pressures, M&A potential, and regulatory considerations. The discussion also touches on public market demand for growth stories, the scarcity of high-growth tech companies, and challenges around valuations in the AI sector. Jesse shares personal anecdotes, including the experience of using Waymo's robo-taxis and the implications of potential deregulation driven by Elon Musk. The episode concludes with reflections on the evolving tech landscape and anticipated new narratives in the upcoming year.

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