This week on Bulls vs Bears – EP48 – Lululemon shows there is life in the consumer left yet

• Australia’s job market surprises with unemployment dropping to 3.9%, potentially delaying rate cuts
• Corporate shakeups: Insignia Financial receives takeover offer, Resolute Mining CEO takes leave
• ACCC launches price-fixing case against Downer EDI and Ventia Services
• DigiCo makes its ASX debut, raising nearly $2 billion
• US market highlights: Warner Bros. plans cable TV spinoff, Google unveils new quantum chip
• Nvidia faces antitrust probe in China, while Adobe’s stock tumbles on weak outlook
• Commodities and crypto update: Gold finds support, Bitcoin holds steady at $100,000
• Breaking news: Syria’s Assad regime overthrown as rebel forces capture Damascus

Bitcoin surpassed $100,000, reaching $103,649, driven by optimism over U.S. President-elect Donald Trump’s pro-crypto policies.

Market Highlights

• NVIDIA's Q3 FY2025 results: Revenue up 93.6% YoY to $35.08B, EPS $0.78, gross margin 74.6%
• Amcor acquiring Berry Group for $US8.4B, creating $US24B revenue company
• Bitcoin nears $100,000, up 7.72% this week
• SpaceX valuation potentially over $250B in upcoming tender offer
• Gold rallies to $2670 after forming low under $2550 last week

Commodities & Global Developments

• Uranium rally continues following Russia ban
• China issues $2B in USD bonds in Saudi Arabia
• Russia uses new "Oreshnik" missile in Ukraine strike

Cryptocurrency

• MicroStrategy stock becomes second-most traded on Wall Street
• Bitcoin up 45.85% in November

Featured Stock: Findi (FND)

• ASX-listed fintech operating in India
• Price target hit: +38% in 22 trading days
• Recommendation: Long-term hold

US Election Impact: Donald Trump secured a decisive victory in the 2024 U.S. presidential election, defeating Kamala Harris. The Republican Party also made gains in Congress. Markets rallied in response, with key sectors like finance, energy, and defence expected to benefit.

Market Movements:

• Gold initially fell $90 to $2650 after the election but recovered to around $2700
• Silver dropped to $31 but rebounded to $32
• Bitcoin and other cryptocurrencies rallied, with Dogecoin up 30%

Company News:

• Mineral Resources (MIN): Chris Ellison to step down as managing director following investigation
• Sigma Healthcare (SIG): ACCC approves merger with Chemist Warehouse
• ANZ Group (ANZ): Reported cash profit of $6.7 billion, down 8% year-over-year

Featured Investment: Buy recommendation for Polynovo (PNV), a medical device company showing strong revenue growth and market expansion.

This weekly report provides in-depth analysis of market trends, political developments, and investment opportunities to keep investors informed in a rapidly changing economic landscape.

Stocks closed sharply lower Thursday as Meta and Microsoft fueled a rout in tech, while hotter inflation muddied the path for deeper Federal Reserve rate cuts.

Meta Platforms slumped more than 4% after it racked up fewer than expected users in Q3 and detailed plans to boost spending offsetting better-than-expected earnings and revenue. Uncertainty related to 2025 investment growth will likely limit near-term margin expectations despite the company’s 3Q beat.

In this week’s edition of Bulls vs Bears, we have the latest market insights and financial news. Here’s a quick rundown of what we’re covering this week:

Market Movers

ResMed (RMD) is seeing a surge in investor interest following its strong first-quarter update. The company reported an 11% revenue increase to US$1.22 billion, driven by high demand for sleep devices and masks. ResMed’s gross margin jumped by 420 basis points to 58.6%, leading to a 42% rise in net income

Tesla (TSLA) made headlines with a 22% rally in its stock price, marking its largest after-hours gain. This was driven by robust third-quarter profits and an optimistic forecast for future sales growth. Tesla reported an adjusted earnings per share (EPS) of $0.72, exceeding the consensus estimate of $0.60

Commodities Watch

In the commodities market, silver has finally broken out, trading near $35 mid-week and settling around $33.65. Copper remains quiet, consolidating around the $4.40 level. Uranium continues its upward trend, while crude oil trades between $70 and $72

Political Landscape

The US presidential race between Kamala Harris and Donald Trump is neck and neck as we enter the final two weeks of campaigning. National polls show Harris with a slim lead, while battleground states are split or too close to call

Trade of the Week

Our trade recommendation this week is to buy back WiseTech (WTC). Despite recent turbulence, including the “resignation” of founder Richard White from the CEO role, we believe the market will see through this change and remain confident in the company’s direction