Analysis

Day traders have gone on a buying spree, flocking to assets linked to Elon Musk following Trump’s election win. The assets on their list include stocks and extremely volatile cryptos such as Dogecoin and MAGA-themed memecoins. 

TradingKey - For investors in China’s big technology stocks, Alibaba Group Holding Ltd (NYSE: BABA) (HKEX: 9988) is one of the most recognisable names. The e-commerce giant has amassed a loyal following and customer base given its various online retail platforms like Taobao, Tmall and Lazada.

Japanese multinational investment firm SoftBank reported a revenue of ¥1.18 trillion ($7.7 billion) in the previous quarter, following a loss of about ¥931 billion ($6 billion) from the year before. 

The Dogecoin price is racing towards its next bullish target, as an analyst projects a rise to $15 for the number one meme coin.

Amazon is reportedly working on its own AI processor to lessen its reliance on NVIDIA for AI chips.

EUR/USD trimmed further into low the side on Tuesday, shedding another third of a percent.

The Bitcoin price has finally broken out of resistance and is on a journey to the $320,000 threshold, according to a crypto analyst.

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.00 on Wednesday.

Investing.com -- Deutsche Bank (ETR:DBKGn) on Tuesday made adjustments to its ratings on cybersecurity stocks, upgrading SentinelOne (NYSE:S) and downgrading Okta (NASDAQ:OKTA).

TradingKey - Since the U.S. election on November 5, Bitcoin, the largest cryptocurrency, has surged approximately 28%, reaching an all-time high of $89,884 in the early hours of Tuesday, Eastern Time.

We believe the reasonable price for Celsius should be around $30-36.5 for FY25F, and we remain our neutral view on it.

Bitcoin (BTC) has been on an all-time-high (ATH) run following the election victory of the Republican US presidential candidate Donald Trump. 

AUD/JPY retraces its recent gains from the previous session, trading around 100.70 during the early European hours on Tuesday.

A recent analysis from BaroVirtual, a CryptoQuant analyst, offers a nuanced perspective on the current state of the Bitcoin market.

Japan equities were lower at the close on Tuesday, as losses in the Transportation Equipment, Shipbuilding and Trading sectors propelled shares lower.

The EUR/GBP cross gathers strength to around 0.8295 during the early European session on Tuesday.

Since the beginning of October, as the market's expectations of a Trump victory and a Republican sweep have heated up, investors have flocked to precious metals to hedge against U.S. fiscal deficit, inflation concerns, and geopolitical tensions.

Together with US bond yields, the dollar has risen sharply since late September, rebounding from the low of 100.24.

Even if we put the same label for all these seven stocks, we need to be aware that they operate in a very different way from each other and they also derive their revenues in different ways also.

Even though the results of M7 cannot be considered bad, the market reaction was rather mixed, with TSLA, GOOGL and AMZN stock prices jumping immediately after their respective results release, while AAPL, MSFT and META dipped.