IMF Warns on Growth

IMF sees ‘significant’ risks to global growth from U.S.-China row.

Silver banana goes to…

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🎯 In this issue:

  • Banana Bits: Finance headlines that actually matter

  • Market Summary: U.S. futures rebound as Trump eases trade war fears

  • What’s Ripe / Rotten: The tastiest and most disgusting stocks 

  • Technical Trip: Interview Question with J.P.Morgan

  • Deal Dispatch: M&A, IPOs, and other transactions 

  • The Daily Poll: See how you stack up

Market Snapshot

Market Recap

U.S. Futures Trim Losses 

U.S. stock futures erased most losses after President Donald Trump moved to calm fears of a trade war with China, lifting sentiment after steep declines in bank stocks. 

S&P 500 contracts were marginally lower after falling as much as 1.5%. Friday’s crop of earnings helped bolster regional banks, with Truist Financial Corp., Regions Financial Corp., and Fifth Third Bancorp all rising in early trading after they reported lower-than-expected provisions for credit losses.

Wall Street’s fear gauge, the Cboe Volatility Index, or VIX, retreated from its highest level since April. Havens such as Treasuries and gold erased gains following Trump’s remark and lender results, with 10-year U.S. yields rising two basis points to 3.99%. The dollar clawed back earlier losses to trade little changed.

What's Ripe

J.B. Hunt Transport Services Inc. (JBHT) 22.0%

  • Logistics company J.B. Hunt Transport Services soared 22% after reporting third-quarter profit comfortably above Wall Street’s estimates.

Salesforce Inc. (CRM) 3.9%

  • CRM gained 3.9% after the software vendor announced financial targets for the coming five years.

  • Salesforce told investors at the company’s annual Dreamforce conference that it expects revenue of more than $60 billion in 2030.

What's Rotten

United Airlines Holdings Inc. (UAL) 5.6%

  • UAL declined 5.6%. The carrier beat third-quarter adjusted earnings expectations and offered a better-than-expected outlook, but revenue of $15.2 billion, higher than last year, was slightly lower than analysts’ calls for $15.3 billion.

Travelers Cos. Inc. (TRV) 2.9%

  • Travelers declined 2.9% after the property and casualty insurer reported third-quarter adjusted earnings of $8.14 a share, surpassing Wall Street estimates. 

  • Net premiums written of $11.47 billion missed forecasts of $11.81 billion.

🧠 Technical Trip

Interview Q&A from J.P.Morgan

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🦈 Deal Dispatch

M&A, IPOs, And Other Notable Transactions

📊The Daily Poll

Bank stocks rising shows?

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Previous Poll:

Trump’s 100% tariff on China will…

Hurt China: 10.6% // Hurt U.S. consumers: 17.5% // Hurt everyone: 65.0% // Change nothing: 6.9%

Student Success Corner

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Banana Brain Teaser

Previous

In a certain city, 60% of the registered voters are Democrats and the rest are Republicans. In a mayoral race, if 75% of the registered voters who are Democrats and 20% of the registered voters who are Republicans are expected to vote for Candidate A, what percent of the registered voters are expected to vote for Candidate A?

Answer: 63%

Today

When positive integer x is divided by positive integer y, the remainder is 9. If x/y = 96.12, what is the value of y?

Your portfolio is like a bar of soap—don’t rub it too much.

William Bernstein

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Happy Investing,
Chris, Vyom, Ankit, Mitchell, Colin & Patrick