Breakfast News: Searching For Options
November 19, 2024
Tuesday's Markets | |
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S&P 500 5,894 (+0.39%) |
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Nasdaq 18,792 (+0.60%) |
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Dow 43,390 (-0.13%) |
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Bitcoin 91,880 (+2.99%) |
1. Could Chrome Leave Home?
The Department of Justice is set to request that Alphabet (GOOGL -0.79%) (GOOG -0.67%) sell its Chrome browser product, according to Bloomberg.
- Finding a solution: In August, Judge Amit Mehta ruled the company held an illegal monopoly over online search. Various remediation requests have since been mooted, but nothing confirmed.
- Chrome used by 61% of U.S. market: The government can suggest a sale of Google Chrome, but ultimately Judge Mehta will make his own recommendations. Alphabet would then be able to appeal.
2. Roblox’s Safeguarding Priority
Roblox (RBLX 1.22%) announced it will be rolling out changes as early as next week to help safeguard children, following pressure around child safety.
- "Our goal is to keep all users safe, no matter what age they are": Roblox's chief safety officer highlighted the focus, with new measures including preventing under 13s from direct messaging, giving parents more access, and allowing guardians to set time limits.
- Thoughts from The Motley Fool CIO Andy Cross: “This is a positive move so the company can live up to its promise that child safety is paramount. After falling as much as 30% earlier this year, Roblox is now +19%.”
3. Expanded Trading on Bitcoin ETFs
The Options Clearing Corporation confirmed options trading on one of the most popular Bitcoin (BTC -1.20%) ETFs from BlackRock (BLK 0.54%) is set to begin today.
- Calls and puts: Investors will be able to buy options on iShares Bitcoin Trust ETF (IBIT -2.65%), highlighting the further integration of different financial derivatives on the expanding crypto market.
- Tapping into higher demand: The ETF’s assets under management have swollen to $43 billion, with it increasingly easier for institutional investors to access.
4. Next Up: On The Down, Lowe’s?
Lowe’s (LOW 0.13%) is due to report Q3 earnings ahead of market open, with analysts expecting financials to slow.
- Drop in DIY spending: Revenue is forecasted at $19.91 billion, a slight fall of 2.7% from the same quarter last year. Adjusted earnings per share is due at $2.81, which would be a fall of 8.2% from Q3 2023.
- Construction in focus: A host of second-tier economic data is also due Tuesday. This includes manufacturing data via Building Permits and Housing Starts, along with Fedspeak from Jeff Schmid, President of the Kansas City Fed.
5. Foolish Fun
Nvidia (NVDA -0.02%) reports earnings on Wednesday. We know that Nvidia has been a big winner for many of our members. And with big gains, come big decisions!
Is there a percentage of your portfolio that you won’t allow any one stock to exceed? Debate with friends and family, or become a member to hear what your fellow Fools are saying!