Last year, Nvidia’s stock experienced a 16% increase over the 10 days following the beginning of the huge Consumer Electronics Show in Las Vegas. This year Nvidia (NVDA) CEO Jensen Huang is scheduled to deliver the opening keynote speech at 6:30 p.m. Las Vegas time. (That’s 9:30 New York time.) I’d expect a couple of volatile days for Nvidia shares following Huang’s talk.
A global trade war is like whac-a-mole: One problem pops up after another and in unexpected places. Recent mole to pop up on the trade wars front: Mexico
I expect another meandering week as the market waits on Friday’s jobs report for December and the beginning of earnings season on January 15.
Today January 2, Tesla (TSLA) reported a big miss on fourth quarter deliveries. And an overall yearly drop in deliveries. For 2024, Tesla delivered 1.78 million vehicles, missing analyst estimates for 1.8 million, and a total below 2023’s 1.8 million vehicles delivered. It was the first year-over-year drop for Tesla. Shares fell 6.08% in the regular session on January 2. Meanwhile, China’s BYD (BYDDY) reported global deliveries of approximately 4.3 million passenger cars in 2024. Though 2.5 million of those were hybrids, BYD’s pure EV total was around 1.76 million for the year. Certainly within knocking distance of Tesla. The causes?
And on the subject of natural gas.
On Wednesday, January 1 Russian energy company Gazprom said it was no longer sending gas across Ukraine because that country had decided it would not renew a deal allowing Russian gas to transit its territory. The action ends an energy supply route that dates back some 60 years.
About 5% of the supply of Europe’s natural gas flows through Ukraine. Despite the ongoing Russian invasion,Ukraine had continued to allow Russian oil and gas to cross its territory to serve its European neighbors. That generated revenue for Kyiv and Moscow to use in funding that war. This moves comes as the United States is facing a major cold wave that could persist into mid-January
Happy 2025! All the best for 2025. May the year be prosperous–and safe.
Despite ending 2024 with a serie of losing sessions–four down sessions in a row–the Standard & Poor’s 500 finished up 23% in 2024.
Pending sales of U.S. homes increased for a fourth month in November to the highest level since early 2023. But why? That’s the key question. If it’s because potential buyers have given up waiting for the Federal Reserve to cut interest rates further, then this “good news” is another negative indicator for 2025
We’re edging closer to a decisive either/or moment for stocks in 2025 on interest rates and earnings.
Do you know how to tell it’s Christmas here in Venice?
Trading was thin for Christmas weeK. So time for Santa to put in an appearance on Wall Street? The Standard & Poor’s 500 finished near session highs, up O.79% to 5974. And Nvidia (NVDA), up 3.69%, and Meta Platforms (META), up 2.49%, helped drive an index of the “Magnificent Seven” megacaps up almost 1.5%.
More than time to make the sells to harvest tax losses for 2024. It’s especially important if the volatility in some of 2024’s favorite stocks. like Nvidia (NVDA) let you to sell and then re-buy and then make sell again in 2024. Keep in mind the “wash sale” rule. The wash sale rule prohibits claiming a loss on a security if you buy the same or a “substantially identical” security within 30 days before or after the sale. Which is only a difficulty if you think that a stock you’re selling today is likely to have a huge rally by February 1. I think there are quite a few sell candidates where the shift in policy from the out-going Biden Administration to the incoming Trump Administration make getting caught in a regret rally is extremely unlikely.
