Market update - Nov 6

Financial Gambits

Nov 6, 2023 — 2 min read

Markets 📈

Stocks closed on Friday with another strong performance. The small-cap Russell 2K beat out the large-caps with a 2.7% gain, The S&P/TSX Composite Index ended last week on a positive note, gaining 1.3% on Friday followed by the Nasdaq's 1.3% rally. The S&P 500 added 0.9%, and the Dow underperformed with a 0.6% gain.

Huge Battery Metals Growth Opportunity

CEO Greg Beischer outlines the plans and details of AEMC’s polymetallic Nikolai Nickel project in central Alaska. The Nikolai project is a large polymetallic exploration target containing nickel, copper, cobalt, chrome, iron, platinum, palladium, and gold. It is located in central Alaska near existing transportation and power infrastructure.

Great in Interview by Martin https://www.youtube.com/@RadiusResearch

TOP AI NEWS

Elon Musk debuts ‘Grok’ AI bot to rival ChatGPT, The White House issued an executive order promoting responsible AI, VERSES AI debuts Genius to the world

Upcoming Earnings

Earnings season rolls on. A grab bag of Canadian giants will tell us how they did last quarter. Among them: TC Energy (Weds.), Indigo (Tues.), Canadian Tire (Thurs.), Cineplex (Thurs.), and SNC-Lavalin (Fri.).

Happening this Week

Here is a summary of key events and things to watch out for in the stock market from November 7th - 12th:

US midterm elections on Tuesday, November 8th could lead to increased volatility as results come in. Outcomes may influence future policy and impact certain sectors.
October CPI inflation data will be released on Thursday, November 10th. This will provide a key update on price trends and influence Fed policy outlook.
Cisco, Walt Disney, Nvidia, and other major companies report earnings during the week, which could impact sentiment.
Bond yields remain in focus after retreating from highs. Auctions for 10-year and 30-year Treasuries will gauge demand amid rising supply.
OPEC+ meets on oil production policy on Sunday, November 6th. Decisions could affect energy prices next week.
Retail sales, consumer sentiment, and PPI data also due next week and will shed light on the health of the economy.

Clean Energy's Hidden Powerhouse

As the world races towards a clean energy future, an unexpected player is making waves in the market: uranium. Once overshadowed by renewables, nuclear power is experiencing a renaissance, driven by the need for reliable, carbon-free baseload energy. This week, we dive into the resurgence of uranium and its potential

Energy Freedom Bull Market Incoming?

As we enter the second half of 2024, the global energy landscape continues to evolve at a rapid pace. The push towards sustainable energy solutions is gaining momentum, with electric vehicles and nuclear power taking center stage. However, this transition is not without its challenges, as supply chain constraints in

Alset Capital Inc. Announces AI GPU Contract with a $91.7M Option Signed by Investee Company Cedarcross

News Release Highlights: * Alset investee Cedarcross signs Nvidia H100 GPU server contract for an initial three (3) servers (for a purchase price of $1.37 million), with the customer having an option to acquire an additional 200 servers (for a purchase price of $91.7 million) valid until September 30,

Can AI survive without Nuclear

Nuclear Energy: A(I) Bright Future Welcome to Financial Gambits, your trusted source for cutting-edge financial insights and updates. In this edition, we delve into the dynamic interplay between AI advancements, the nuclear energy resurgence, and the promising opportunities in strategic metals. Stay informed and ahead of the curve with