Markets stop waiting for a stimulus bill that could lead to a rally during the holidays and all eyes are on 2021. It’s also a big day for Tesla: its stock price at the end of Friday will determine the weighting of its shares when it joins the S&P 500 next week.
As for next year, ours call of the day of Wedbush analyst Daniel Ives has a lot of predictions related to the most important names in technology.
“Looking ahead to 2021 there is a clear boost for technology / stock space as various transformative trends such as cybersecurity, cloud, 5G, e-commerce and self-employment will be the center of the street,” he said. Ives.
The Tesla TSLA,
Ives believes the cutting-edge carmaker will find continued success with its Giga 3 factory in China, which is expected to begin deliveries of the Tesla Model Y next month, reaching 250,000 annual delivery targets ahead of expectations.
Global demand for electric vehicles is expected to be at “a major turning point”, reaching 6% of all car sales from the current 3%, while Ives also expects China’s Baidu BIDU,
to enter the market through an association or acquisition.
But read this review: Nio, not Tesla, is the best selection of EV values for 2021
Apple AAPL,
will emerge as “the clear winner” in next year’s race to dominate 5G and break its record for annual iPhones sold, Ives said.
Regulatory headwinds, such as antitrust suits facing tech giant Google, owned by Alphabet GOOGL,
and the social networking platform Facebook FB,
it could lead to fines and pressure from Washington, but there will be no major changes in technology business models or the breakdown of companies, according to Wedbush.
Essential readings: Big Tech is igniting amid antitrust and litigation probes
On cybersecurity, Ives said the recent Solarwinds SWI,
software piracy will increase spending in the long run and lead to at least a 20% budget growth. It also expects the consolidation of the sector with aggressive acquisitions of strategic buyers.
Read more: Microsoft was raped in the solar attack SolarWinds, in what an executive calls “a moment of calculation”
I’ve seen Microsoft MSFT,
advancing to Amazon AMZN,
in the battle of cloud services and Uber UBER,
achieving profitability ahead of expectations of a strong rebound in participation in travel and commuting.
In bricks and mortar, Ives believes e-commerce will remain above 20% of total retail sales despite the return to retail after the coronavirus. Real estate technology will advance, with Redfin RDFN online markets,
and Zillow Z,
taking “material quota” from traditional brokers.
The graph
BDSwiss market information
Our chart for the day, courtesy of Marshall Gittler at BDSwiss, shows how much the U.S. current account deficit has widened and what is expected from today’s report for the third quarter. FactSet’s consensus is that the current account deficit will be $ 188.6 billion, an increase of $ 18.1 billion from the $ 170.5 billion deficit in the second quarter.
The markets
YM00 futures,
ES00,
NQ00,
they point slightly downward, ready for a smooth opening as the United States awaits a package of congressional stimuli. Asian markets fell while European stocks rose SXXP,
as trade talks on Brexit continue to be the focus, and officials on both sides say there are big differences that hamper a deal with just two weeks to go. The GBPUSD pound,
it falls slightly against the dollar, equating yesterday’s gains to almost two-year highs.
The buzz
Congressional lawmakers are facing a deadline Friday to pass a coronavirus economic stimulus package. As talks continue, this goal may be missed, as well as the deadline for a bill to continue funding the government, which would lead to a closure.
A key committee of the Food and Drug Administration has voted that the benefits of Moderna COVID-19 vaccine candidate outweigh the risks. The recommendation paves the way for the full approval of the MRNA of Modern Biotechnology,
FDA vaccine.
According to a Reuters report, the United States will add dozens of Chinese companies, including chip maker SMIC, to a commercial blacklist.
The latest CD Projekt CDR title,
it was expected to be one of the best-selling games of all time. But the initial reviews of “Cyberpunk 2077” on consoles were terrible, and now Sony has withdrawn the game (featuring Elon Musk, Tesla CEO and actor Keanu Reeves) from the PlayStation store. Shares have fallen more than 40% from two weeks ago.
Random readings
The newly coined team of dogs sniffing pythons found their first snake, a 2.4-meter Burmese python.
A surreal painting worth more than $ 250,000, lost at Dusseldorf airport, has been recovered from a nearby recycling bin.
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