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Tesla shareholders will vote on Elon Musk’s $1 trillion pay package deal. (0:17) Berkshire Hathaway’s money pile retains rising. (1:28) Palantir set to report earnings. (2:48)
The next is an abridged transcript:
Tesla (TSLA) will maintain its highly-anticipated shareholder assembly at Gigafactory Texas.
Shareholders will vote on Elon Musk’s proposed $1 trillion pay package deal and the corporate’s future path.
The assembly can be anticipated to incorporate progress stories on a number of essential initiatives, together with the robotaxi community pilot, Cybercab program, Tesla Semi manufacturing ramp and advances in next-generation battery know-how.
The assembly shall be livestreamed globally, and volatility within the inventory is predicted to be excessive all through the day.
The Tesla board proposed that the compensation package deal be paid in shares over twelve tranches if sure targets are achieved, rising his voting energy to 25% within the firm at a time when AI and robotics might exceed the corporate’s achievements in automobile electrification.
Final week, Board Chair Robyn Denholm requested shareholders to disregard the suggestions of proxy advisor companies, unions and company watchdogs and approve Musk’s unprecedented payout.
SA analyst Oliver Rodzianko says there’s a low chance of full realization throughout the award window, “however then once more, what in Tesla’s historical past has been affordable?”
“None of it, and but it has achieved basically all of what it got down to do thus far. Even with failures alongside the best way, the lesson of Musk is that this: if you happen to imagine, you by no means hand over,” he stated.
Trying to the information this weekend, in Warren Buffett’s final quarter on the helm, Berkshire Hathaway (BRK.A)(NYSE:BRK.B) stated working revenue rose practically 34%, helped by sturdy efficiency in its insurance coverage underwriting enterprise. The corporate’s money pile swelled to virtually $390 billion within the absence of buybacks.
Edward Jones analyst James Shanahan stated CEO-designate Greg Abel will restore investor confidence over time.
“Within the close to time period, nonetheless, elevated funding exercise and/or share repurchases may very well be a catalyst for BRK shares.”
The White Home says China will “successfully remove” all present and proposed uncommon earth and significant mineral export controls — a sign that international provide chains could lastly be discovering a brand new frequency.
It can additionally finish investigations into U.S. chipmakers and different main firms.
On the U.S. aspect, tariffs on Chinese language imports imposed to curb fentanyl flows shall be lowered by 10 proportion factors of the cumulative charge, efficient November 10. The U.S. may also “keep its suspension of heightened reciprocal tariffs on Chinese language imports till November 10, 2026.”
On the earnings entrance, 136 S&P 500 firms report Q3 outcomes.
Up to now, 83% of S&P 500 firms have reported optimistic EPS surprises and 79% have overwhelmed expectations on income. Steering is extra balanced, although, with 28 S&P firms issuing unfavorable EPS steering.
Palantir (PLTR) will seemingly garner essentially the most consideration when it stories on Monday.
Analysts anticipate EPS of $0.17 on income of $1.09 billion.
Wedbush’s Dan Ives, who has an Outperform on the inventory, says the top-line consensus is beatable as the unreal intelligence platform “continues to be on the heart of delivering worth to prospects with the Road nonetheless underestimating the corporate’s business efforts.”
However SA analyst Tunga Capital, who has a Promote on PLTR, says administration should sign that the 50+% progress trajectory is the brand new baseline. A variety of 30% – 40% would imply a “painful repricing” for the inventory.
Additionally on the earnings calendar, Realty Earnings (O), ON Semiconductor (ON) and Clorox (CLX) be part of Palantir on Monday.
AMD (AMD), Shopify (SHOP), Uber (UBER), Amgen (AMGN) and Pfizer (PFE) report Tuesday.
McDonald’s (MCD), Applovin (APP), Qualcomm (QCOM), Arm (ARM), DoorDash (DASH) and Fortinet (FTNT) weigh in on Wednesday.
Thursday brings AstraZeneca (AZN), ConocoPhillips (COP), Airbnb (ABNB), Take-Two (TTWO) and Block (XYZ).
Constellation Power (CEG), KKR & Co. (KKR), Enbridge (ENB) and Duke Power (DUK) problem outcomes on Friday.
And for earnings traders, Citigroup (C) and NRG (NRG) go ex-dividend on Monday. Citi pays out on Nov. 26 and NRG pays out on Nov. 17.
MetLife (MET) goes ex-dividend Tuesday, paying out on Dec. 9.
Ford (F) goes ex-dividend on Friday, with a Dec. 1 payout date.