Hello readers! It's been an incredible month for the stock market, with the Nasdaq leading the charge, up nearly 11% in November. But it's not just stocks that have been making waves - bonds have also had a remarkable performance, experiencing their biggest surge since the 1980s. Let's dive into the latest market news and events that have been shaping this exciting month.
First up, we have online broker Robinhood, a name synonymous with the rise of do-it-yourself investors in America. Robinhood is now looking to expand its reach abroad, starting with the U.K. market. They are opening a waitlist for U.K. residents, granting them early access to their trading app. This move comes as trading activity among individual investors has dropped industry-wide, with Robinhood's monthly active users halving from pandemic-era highs. The rise in interest rates has made trading stocks less attractive, but Robinhood is looking to tap into new markets for growth.
In other news, OPEC+ is deciding whether to slash production, a decision that could have a significant impact on oil prices. Additionally, Tesla is set to release its long-troubled Cybertruck, which investors are counting on to fuel the next stage of the company's growth. These events are keeping investors on their toes, and we'll be providing live coverage throughout the day to keep you updated.
Now, let's take a look at some stocks to watch. Salesforce, the business-software company, has seen its shares rise over 9% premarket after lifting its operating profit-margin expectations. Tesla, the popular electric-vehicle company, is up 0.5% premarket ahead of its Cybertruck event. Data-software company Snowflake has also experienced a rise in shares after lifting its full-year outlook for product revenue. Occidental Petroleum is in talks to acquire CrownRock, a major energy producer in the Permian basin.
We also have earnings reports from Canadian banks Royal Bank of Canada and Toronto-Dominion Bank, as well as retailer Kroger. Dell, Marvell, and Ulta Beauty are scheduled to release their earnings after the market closes. It's an exciting time for investors as they analyze these reports and make strategic decisions.
As we wrap up this banner month for the markets, it's important to stay informed and make well-informed decisions. Our team will continue to provide live coverage and analysis, so be sure to follow along for the latest news affecting the markets.
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