BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑32.58% for Week of NOV 20 2025

Market Wrap:

• Futures flat: Dow +13 (0.1%), S&P +0.1%, Nasdaq +0.1%.

• Monday rally: S&P +1.6%, Nasdaq +2.7%, Dow +0.4%.

• Alphabet +6.3% and Broadcom +11% led AI rebound; Nvidia +2%.

• November still red: S&P -2%, Nasdaq -3.6%, Dow -2.3%.

• AI valuations under scrutiny heading into year-end.

• Fed cut odds >80% for December after dovish Williams/Daly.

• Short holiday week: markets closed Thu, early close Fri.

EARNINGS

Here’s what we’re watching on this short, holiday week:

• Today: *Abercrombie & Fitch $ANF ( ▼ 6.1% ), *Alibaba $BABA ( ▲ 5.1% ), *Kohl's $KSS ( ▲ 0.13% ), Petco $WOOF ( ▲ 1.83% )

  • *Best Buy $BBY ( ▼ 1.09% ) - $1.31 EPS (+4% YoY) on $9.59B revenue (+1.5% YoY)

  • Dell Technologies - $2.48 EPS (+15.3% YoY) on $27.3B revenue (+12.9% YoY)

See full calendar here »

A MESSAGE FROM STANSBERRY RESEARCH

The Three Key Men Who Could Ignite The
Biggest Gold Bull Run in Over 50 Years

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And in the process, it could spark the biggest gold frenzy in over half a century.

Dr. Eifrig urges you to move your money to his No. 1 gold stock immediately (1,000% upside potential). He warns if you wait any longer, you could get priced out.

Get the full details here before it's too late »

HEADLINES

Trump Signs 'Genesis Mission' Order to Boost AI Innovation

Amazon to Invest $50B to Power US Government AI Efforts

• Alphabet, chip stocks lead tech-fueled market rebound (more)

• Trump, Xi speak for first time since trade truce (more)

• Morgan Stanley’s Wilson sees US stock pullback coming to an end (more)

• Big Tech’s AI debt wave threatening to swamp credit markets (more)

• Gold advances as traders bet on December rate cut, await US data (more)

• Tech companies tap debt markets to fund AI and cloud expansion (more)

• Jony Ive, Sam Altman: OpenAI plans elegantly simple device (more)

• Tesla stock pops as Melius calls it 'must own' (more)

• Apple cuts jobs across its sales organization in rare layoff (more)

• 'Big Short' Burry targets AI boom with new blog after hedge fund closure (more)

• Anthropic unveils new AI model, Claude Opus 4.5, following $350B valuation (more)

• OpenAI announces shopping research tool in latest e-commerce push (more)

• Billionaires bankroll San Francisco comeback one party at a time (more)

DEALFLOW

M+A | Investments

• Broadcast giant Sinclair makes bid to buy out EW Scripps for $7 per share

• Wesco Group to acquire National Coatings & Supplies

• Pangea, travel-tech/social-platform company, acquired Overlap

VC

• Kalshi, a predictions-market platform, raised $1 billion in funding at an $11B valuation

• CookUnity, a chef-to-consumer meal-delivery platform, received $250M from General Catalyst

• Dayra Therapeutics, a startup focused on developing oral macrocyclic peptides, received over $70M in committed funding

• Sortera, an aluminum-sorting company applying AI analytics to recycling, raised $45M in funding

• Tidalwave, an agentic AI-powered mortgage point-of-sale platform, raised $22M in Series A funding

• Opti, an AI identity-security platform provider, raised $20M in Seed funding

• NetFoundry, a Zero Trust networking-platform provider, received investment from Cisco and raised $15M in Series A funding

• Cordance Medical, a med-tech company leveraging ultrasound technology for brain-disease treatment, raised $8M in Seed funding

• Maritime Fusion, a fusion-energy company developing reactors for maritime and off-grid applications, raised $4.5M in Seed funding

• Interface, an AI-powered industrial safety platform, raised $3.5M in Seed funding

CRYPTO

• Bitcoin weakness persists as crypto steadies after bruising week (more)

• Saylor's MSTR appears to have broken six-week BTC buy streak (more)

• Bitcoin funds head for worst month as $3.5 billion pulled (more)

BULLISH BITES

🚨 "A strange day is coming to America - are you prepared?" *

😬  Why crypto’s slide is rattling Wall Street.

🇺🇸 The ‘S&P 493’ reveals a very different US economy.

🦈 Why college students prefer News Daddy over The New York Times.

🦃 The global struggle to master the Turkey Dinner.

DAILY SHARES

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