GOOD MORNING

(Thursday)

Here’s everything you need to know today: There are currently 14,157 publicly traded companies in the United States and over 1000+ articles released about S&P500 companies alone every single day. Today we will be showing you the top 3 events that you need to know today:

Market Performance (1 month)

1. Dow - 6.34%

2. S&P 500 - 3.57%

3. Nasdaq - 1.92%

4. Bitcoin - 37.54%

Today (Here’s 3 things you need to know)  

1. EV Startups going from bad to worse

The EV world is running low on battery, and Donald Trump’s victory might pull the plug entirely. Struggling startups like Fisker, Arrival, and Northvolt are already in the scrapyard of bankruptcy, while Rivian and Lucid Group are watching their stocks crash nearly 50% this year.

Even Rivian’s shiny $6.6 billion government loan approval feels more like a mirage—Trump’s rumored rollback of EV tax credits and subsidies could hit the brakes before the ink dries. Oh, and those proposed tariffs on imported auto parts? Let’s just say they’d be the equivalent of salt in the already sizzling wound of rising costs.

Many EV startups, hyped during the SPAC craze, are now stranded on the side of the road. A Wall Street Journal analysis found three-quarters of them are losing money, and a handful might run out of gas by next summer.

Li-Cycle is stalling on building a recycling plant, and Canoo is downsizing faster than a clearance sale, shedding 25% of its workforce. Meanwhile, established players like Ford and GM are tapping the brakes on EV investments, wary of sluggish consumer demand.

While the U.S. flirts with an EV slowdown, China is zooming ahead in the fast lane with companies like BYD and CATL dominating the market. Industry experts warn that abandoning clean energy investments now could cost the U.S. more than just market share—it could hand over a global economic engine to its biggest competitor. For now, the EV dream is looking less like a revolution and more like a steep uphill climb on an empty tank.

2. Moana 2 giving Disney and Jakks a holiday boost?

Disney's “Moana 2” is making a splash at the Thanksgiving box office, debuting with an impressive $57.5 million domestically, per BoxOfficeMojo. Analysts at B. Riley Securities now project the animated sequel to rake in $175-$200 million over five days, well above its initial $135-$145 million estimates.

For comparison, the original “Moana” opened at $56.6 million and went on to gross $248.8 million domestically. This blockbuster performance could have ripple effects for JAKKS Pacific, which sold $40-$50 million worth of toys tied to the original movie and is eyeing another strong merchandise run this holiday season.

Paramount Global’s upcoming “Sonic the Hedgehog 3” is also revving up for its Dec. 20 release, with an expected $55 million domestic opening weekend. Like Disney, Paramount’s blockbuster franchise could fuel significant product demand. JAKKS Pacific, which holds licensing deals for both “Moana 2” and “Sonic 3”, is likely to see extended toy and merchandise sales well into 2025, according to B. Riley’s analysis.

While licensed product demand doesn’t always mirror box office success, strong openings for Disney and Paramount’s holiday hits are expected to bolster related sales for brands like JAKKS Pacific.

With Amazon-owned IMDb reporting record-breaking box office trends, both the entertainment and toy industries are set for a festive season packed with high performance.

3. Apple owns black friday

Apple Inc. (AAPL) is reigning supreme this Black Friday, with several of its products topping the most-searched lists across major retailers, according to Similarweb data.

The tech giant is poised for a blockbuster holiday shopping season, dominating trending searches at Amazon.com Inc. (AMZN), Best Buy Co. Inc. (BBY), Target Corp. (TGT), and Walmart Inc. (WMT).

Among the most-coveted items: AirPods ranked second overall, iPads came in third, and Apple Watches grabbed seventh place. Specifically, at Target, AirPods held the fourth spot, while the Apple Watch and iPad secured sixth and seventh, respectively.

With electronics and toys leading the pack, Apple looks set to be one of the biggest winners of the 2024 Black Friday frenzy.

Market Memes Of The Day

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