Chinese Markets React Negatively to Stimulus, Awaiting U.S. Policy Clarity

Image source: Adobe Stock (Chinese Flag and Charts)

Chinese Markets React Negatively to Stimulus, Awaiting U.S. Policy Clarity. 📊 Chinese stocks slumped as investors saw the latest $840 billion local debt increase and 4 trillion yuan bond issuance as underwhelming. Experts speculate Beijing might hold back stronger measures until there’s more insight into potential policy shifts under a new U.S. administration. MarketWatch. reports.

⬆️ DogUp: Datadog raises annual forecast betting on AI-driven cybersecurity demand. Yahoo Finance reports.

🛑 TariffTide: Unilever, Procter & Gamble face risk from Trump's threatened Mexico tariffs. Reuters reports.

✈️ SkySprint: Airbus delivers 62 more planes, chasing challenging full-year target. Reuters reports.

🚗 AutoMile: Lyft soars on strong earnings outlook fueled by record trips. Yahoo Finance reports.

📉 NovoLow: Novo shares hits 9-month low as 2025 guidance underwhelms. Reuters reports.

🎬 StreamLine: Warner Bros. Discovery’s surprise profit shows it’s all about streaming. MarketWatch reports.

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM Eastern Time)
Benzinga reports.

1. $DEVS: DevvStream
Total gain: 120.75%

2. $TIVC: Tivic Health Systems
Total gain: 96.42%

3. $LICY: Li-Cycle Holdings
Total gain: 47.36%

4. $INOD: Innodata
Total gain: 45.85%

5. $DOCS: Doximity
Total gain: 44.51%

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How Stock Fundamentals Work

In the broadest terms, fundamental analysis involves looking at any data which is expected to impact the price or perceived value of a stock. This is, of course, anything aside from the trading patterns of the stock itself. As the name implies, it means getting down to basics.

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The closing price of the top three market percent gainers trading near or above $3 on November 7.

*All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time

1. $CELU: Celularity
Total gain: +115.86%
The company has raised its full-year 2024 net sales guidance to a range of $54 million to $60 million, up from the previous guidance of $50 million to $56 million announced in February. This increase reflects higher-than-expected net sales of its advanced biomaterial products through October. The updated 2024 projections include anticipated net sales of $49 million to $54.5 million from advanced biomaterial products and $5.0 million to $5.5 million from biobanking services. Celularity now expects net sales of its advanced biomaterial products to grow by 180% to 212% compared to the prior year. Benzinga reports.

2. $APP: AppLovin
Total gain: +45.97%
The company announced its financial results for the third quarter, which ended on September 30, 2024, and posted a shareholder letter on the Investor Relations section of its website. In the third quarter, AppLovin reported revenue of $1.20 billion, reflecting a 39% year-over-year increase. Net income reached $434 million, up 300% year-over-year, with a net margin of 36%. Adjusted EBITDA was $722 million, a 72% increase year-over-year, resulting in an Adjusted EBITDA margin of 60%. Benzinga reports.

3. $DXYZ: Destiny Tech100
Total gain: +39.71%
The stock appeared to be moving on no notable news.

*Estimate and Actual numbers represent Earnings Per Share in US Dollars

TIXT: TELUS International
3Q 2024
Before Market Open
Estimate: 0.020
Actual: 0.050

MSGE: Madison Square Garden
1Q 2025
Before Market Open
Estimate: -0.790
Actual: -0.400

PAR: PAR Technology
3Q 2024
Before Market Open
Estimate: -0.100
Actual: -0.090

Time (ET) / Report / Period

8:30 am - Initial jobless claims - November 2
8:30 am - U.S. productivity (prelim) - Q3
10:00 am - Wholesale inventories - September

"If you can’t understand it, then don’t put your money in it."

― Peter LynchSourced in:
"Beating the Street", by Peter Lynch, published in 1993.