To The Moon

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$NASDAQ(.IXIC)$ and the $S&P 500(.SPX)$ notched their longest winning streaks since November 2021. With the strong rebound, many stocks hit 52 week highs or all-time-highs this week.SaaS companies benefit from generative AI$Adobe(ADBE)$ , offering diversified software services, surges 73.89% YTD. In Nov., Adobe raised prices for its Creative Cloud.$ServiceNow(NOW)$ , enterprise cloud computing solutions provider, soars 58.11% YTD. It beats estimates of EPS, revenue and guidance in Oct.$Arista Networks(ANET)$ , cloud networking solutions provider rises 75.

Good morning everyone. Have a great day ahead.

$Tesla Motors(TSLA)$ stock price have wiped out nearly -20% of its value in less than 2 weeks, amid growing concerns that demand for electric cars is starting to weaken, globally. (see below) The selloff started in mid-October 2023, when Tesla dialed back growth expectations during its Q3 2023 earnings conference. Next to follow were “grim” commentaries from a few global automakers, as well as Wall Street analysts. On Mon, 30 Oct 2023, battery-maker $Panasonic Holdings Corporation(PCRFY)$ and chipmaker $ON Semiconductor(ON)$, both also sounded alarms for the EV industry. The waves of “negative” news could not have been more “timely”, with the US automotive sector,