From Nasdaq: 2024-11-08 11:12:00

1. Donald Trump’s victory has caused a stir in the crypto, currency, and stock markets. Super Micro faces challenges without an auditor or annual report. Nvidia surpasses Apple to become the most valuable company and joins the Dow Jones Industrial Average. Novo Nordisk and Eli Lilly have different views on the market for GLP-1 drugs.

2. The Motley Fool Stock Advisor team recommends 10 stocks, excluding Eli Lilly, that could yield high returns. Nvidia was previously recommended and saw significant growth. Stock Advisor offers guidance on portfolio building and new stock picks monthly, outperforming the S&P 500 since 2002.

3. Following Trump’s election win, the market showed positive movement, with a strong dollar and Bitcoin reaching all-time highs. Businesses like Coinbase and Tesla saw gains, reflecting expectations of lower taxes and favorable business conditions. However, the market is cautioned against overestimating Trump’s impact on sectors.

4. The market reacts to election results, but fluctuations are often temporary. Investors should remain cautious and focus on long-term trends rather than short-term political outcomes. Market shifts after elections are common, but life and business operations continue despite political changes. Market exuberance following an election win is expected to be short-lived. Investors at The Motley Fool remain focused on long-term investment strategies despite election uncertainty. Super Micro Computer’s recent earnings report disappointed with lower sales figures, causing concerns about potential delisting. Ernst & Young’s resignation as auditor raised red flags, highlighting issues with financial statements and management. Auditors’ inability to rely on financial statements signals potential problems with internal controls. I’m going to venture a guess and say it’s IBM, is it?

Dylan Lewis: You’re close, but it’s actually General Electric.

Asit Sharma: Oh, my goodness. That makes sense now that I think about it. It’s such an iconic brand.

Dylan Lewis: It really is, and it’s interesting to see how these companies have evolved over time and how the Dow has reflected that change.

Asit Sharma: Absolutely, and it will be fascinating to see how NVIDIA’s inclusion in the Dow shapes the future of the index and the market as a whole. In a discussion on the Dow, Procter & Gamble is highlighted as a staple company with multi-decade potential, reflecting Warren Buffet’s investment strategy. On the flip side, Eli Lilly’s underperformance in weight loss drugs contrasts with Novo Nordisk’s success with Wegovy, showing market volatility in the pharmaceutical industry.

Novo Nordisk’s success with Wegovy in the weight loss drug market indicates potential for blockbuster sales, despite challenges like competition and FDA regulations. The industry’s focus on R&D and manufacturing capabilities for future applications of drugs like GLP-1 compounds suggests long-term investment opportunities for companies in the pharmaceutical sector.

The pharmaceutical industry faces challenges in scaling up production and managing inventory for drugs like GLP-1 compounds, while also exploring potential new applications in cardiovascular therapies. Companies like Eli Lilly and Novo Nordisk, with strong R&D and manufacturing capabilities, offer long-term investment potential for those looking beyond short-term fluctuations in the market. In a recent discussion, Asit Sharma and Dylan Lewis shared their views on certain stocks. They advised buying and holding onto certain stocks in a portfolio for long-term gains. The Motley Fool reminds listeners to make investment decisions carefully and not solely based on discussions on the program.

Asit Sharma holds positions in Amazon, GE Aerospace, Intel, Nvidia, and Salesforce, while Dylan Lewis has no positions in the mentioned stocks. The Motley Fool recommends various stocks including Amazon, Apple, Berkshire Hathaway, and Tesla. John Mackey, former CEO of Whole Foods Market, is on the Fool’s board. Personal finance content on the Motley Fool follows strict editorial standards and is not influenced by advertisers.



Read more at Nasdaq: Investors Like Certainty. Trump’s Win Gave Them Some.