US Market

The streaming market faced challenges over the last couple of years, but strategic initiatives by key players like Netflix create a growth runway and potential for better days in 2024

Watch today’s US Open for insights on the USD/JPY slump on BoJ pivot hopes, Eurozone’s Q3 contraction that bolsters prospects of peak ECB rates, Friday’s US jobs report and more

At its investor event yesterday, McDonald’s said that it is planning to open 10,000 new restaurants by 2027. This will bring the number of stores to 50,000 - it currently has more than 40,000 restaurants as per its latest quarterly filing.

Mastercard (MA.us) announced an increase in its dividend and another share buyback program. MA.us will raise its quarterly dividend to 66c (57c), which is a 16% increase. It will also repurchase $11bn of its own stock once its current $9bn plan is completed – there is $3.5bn still outstanding.

Watch today’s US Open for insights on the dovish hold by the Australian central bank, the drop in oil prices despite OPEC+ cuts, dovish ECB remarks and more

Spotify (SPOT.us) will lay off 17% of its workforce to cut costs. About 1,500 workers are affected, with this being the third round of layoffs for the year. This will considerably lower the spend on salaries and other employee associated costs.

General Motors (GM.us) stock is looking set to outperform Ford (F.us). The relative strength chart, with GM.us as the numerator and F.us as the denominator, has bullish developments. The green 5-week EMA has crossed bullishly above the orange 10-week EMA (blue circle) and the RSI has crossed to the bullish side of 50 (blue rectangle).

The EV leader started on Thursday deliveries of its futuristic Cybertruck, after multiple delays and production challenges, but focus shifts towards cheap and mass-produced EVs

Watch today’s US Open for insights on the inflation deceleration in the US and Eurozone, the hawkish hold from the central bank of New Zealand, Tesla’s Cybertuck delivery event and more

Salesforce has been the best performer in the Dow Jones Industrial Average (US30) for 2023. Its relative strength began in mid-January (blue dashed vertical).

Watch today’s US Open for insights on the persistent Japanese inflation and its impact on USD/JPY, the cautious return of Wall Street from Thanksgiving and key events ahead including US and Eurozone inflation updates