MARKET OPEN
Asia
  • 🇭🇰 Hang Seng-0.81%
  • 🇨🇳 SSE Composite+0.11%

Hong Kong opened 0.81% lower while Shanghai ticked higher, a split that puts the selling squarely on offshore China names rather than the mainland tape. Anyone trading Greater China exposure should treat the two markets separately today.

Mad Money w/ Jim Cramer 11/11/26

  • Cramer says Nvidia leadership turmoil has made him gun shy on tech, yet writing off data center names risks big upside
  • CoreWeave CEO: compute demand 10 times oversubscribed for 2027, with chips recontracting at 20% to 50% premiums
  • Cramer would rather own Colgate or Johnson & Johnson than chase the noise right now
  • Caller questions on Darden's Olive Garden value proposition, Meta re-entry, and Jersey Mike's under Charlie Morrison

The tell is that four-year-old GPUs are being recontracted above their original prices, which undercuts the view that AI hardware depreciates into worthlessness. Cramer is keeping data center exposure in semis, networking, turbines and cooling even while trimming elsewhere, and he is leaning defensive with staples and pharma as the Nvidia story gets messier.

Nvidia Shares Sink on New Allegations Against CEO Jensen Huang

  • CoreWeave's beat, raised guidance and canceled 10b5-1 plan sparked a semi rally, with chip ETFs up over 15% off last week's low
  • Reports of a second Huang affair and a board meeting to replace him sent shares down 8-9% after hours; Kalshi odds hit 70-87%
  • Dan Ives calls an ouster a clearing event worth $225; Dan Niles sees 99% odds Huang is out and ~145 as support
  • Gene Munster expects a gap down then recovery and disputes that AMD takes meaningful share; Apple closed at a record

The debate has moved past whether Huang stays to what Nvidia is worth without him, and the panel's range is wide: a $225 target against a 145 support test. Traders expect the real clearing to come with next Tuesday's earnings report rather than the board meeting.

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Retirement & wealth

Can a 74-Year-Old Use Costco’s $30 Special Dividend to Meet a $40,000 RMD?

Costco Wholesale (NASDAQ:COST | COST Price Prediction) just declared a year-end cash payment for shareholders, and for retirees facing a December 31 deadline the timing matters. Costco Wholesale Corporation declared a $30 per share special cash dividend on November 10, 2026, pay…

FNVFranco-Nevada
Q3 2026
EPS
$1.89
est $1.73+8.9%
Revenue
$549M
est $552M-0.6%

Permian activity pushed U.S. energy revenue to $50.8 million from $33.8 million, carrying an 8.9% EPS beat even as weather in Chile dented precious-metal deliveries and revenue came in just under estimates. Management raised full-year diversified revenue guidance to $300 to $330 million and sits on $4.8 billion of capital with no debt.

Quarterly EPS — reported vs estimate

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AI Rally Sets Emerging Stocks Up for Best Streak Since September

  • Bloomberg's Brody Ford: CoreWeave eased financing fears via customer prepayments and vendor financing, likely from Nvidia
  • Even after the jump, CoreWeave remains down more than 66% from its highs
  • Anthropic's IPO is already multiple times oversubscribed, with bankers weighing a $1.5 trillion valuation
  • J&J backed psychedelic-inspired biotech Delics with a $100 million oversubscribed round

The relief rally in CoreWeave rests on creative funding: prepayments and vendor financing bought time, and the stock is still more than 66% below its highs. Anthropic's oversubscribed IPO book at a $1.5 trillion valuation is the next read on how much AI spending the market will underwrite.