Today’s been pretty quiet so far.
The biggest mover has been Euda Health Holdings Limited (NASDAQ: EUDA). It released acquisition news earlier this week.
It spiked +50% this morning but the market’s about to close and the price slid down after rejecting $5.
Trading ends early at 1:00 P.M. Eastern today.
Have a great weekend. But prepare for Monday’s price action.
The markets will have time to digest the Black Friday turnout. And major indices like the S & P 500 ETF Trust (NYSE: SPY) are consolidating near highs ready to choose a direction.
Here’s a chart …
Get ready for a crazy week.
Big Tech’s Got Issues
In case you haven’t heard or seen the videos …
Foxconn workers recently went on strike to protest conditions and pay as COVID cases rise daily.
The Chinese/Taiwanese company is responsible for manufacturing a large portion of Apple Inc.’s (NASDAQ: AAPL) iPhones.
And China decided to handle the issue … head-on if you will.
Going into the holiday season, AAPL may experience supply shortages due to factory strikes. It’s not great news for the stock price.
But APPL isn’t alone this season. Amazon.com Inc. (NASDAQ: AMZN) has a similar issue.
There are strikes and protests around the world today.
And while we’re on the subject of stocks under pressure. We might as well touch on Tesla Inc. (NASDAQ: TSLA).
In 2021, half of all Tesla deliveries came from China. And now that COVID numbers are spiking again, it doesn’t bode well for Chinese plants or production.
Plus … the company recently recalled more than 80,000 vehicles in China.
Take this information into account as the holiday season continues.
FED Hints at Lower Interest Rates Soon
Yesterday at 2 P.M. Eastern, the FED released minutes from the most recent meeting.
They’re hoping to lower interest-rate hikes in the near future … but we’re not convinced until it happens.
It’s bullish rhetoric. But the proof is in the pudding. And nothing’s set in stone yet.
The next possible rate hike will come on December 14.
It will largely be influenced by the inflation rate for November 2022, which goes public the day before, on December 13.
Those are key dates to mark on the calendar.
2023 EV IPO
There’s an upcoming 2023 IPO to keep an eye on.
Some speculate it could happen as early as January 2023. And it’s in the EV sector.
The company is called VinFast. It’s a Vietnamese EV producer. And it just delivered its first shipment to U.S. consumers.
We’re hoping for a low-float IPO and a ton of volatile price action.
We’ll know more as the story unfolds. Now is the time to prepare!
Benjamin Bull
Managing Editor, Dollar Stock Club
