US markets settle mostly in green on Thursday

25 Oct 2024 Evaluate

The US markets ended mostly in green on Thursday. The rebound by the tech-heavy Nasdaq was partly due to a surge by shares of Tesla (TSLA), with the electric vehicle maker soaring by 21.9 percent. The spike by Tesla came after the company reported better than expected third quarter earnings and CEO Elon Musk said his best guess is vehicle growth will reach 20 to 30 percent next year. Shares of UPS (UPS) also saw significant strength after the delivery giant reported third quarter results that exceeded street estimates on both the top and bottom lines. On the economic data front, after reporting an unexpected pullback by first-time claims for U.S. unemployment benefits in the previous week, the Labor Department released a report showing initial jobless claims saw further downside in the week ended October 19th. The report said initial jobless claims fell to 227,000, a decrease of 15,000 from the previous week's revised level of 242,000.

Street had expected jobless claims to inch up to 242,000 from the 241,000 originally reported for the previous week. Besides, new home sales in the U.S. rebounded by much more than expected in the month of September, according to a report released by the Commerce Department. The Commerce Department said new home sales surged by 4.1 percent to an annual rate of 738,000 in September after tumbling by 2.3 percent to a revised rate of 709,000 in August. Street had expected new home sales to climb by 0.5 percent to an annual rate of 720,000 from the 716,000 originally reported for the previous month. On the sectoral front, Most of the major sectors ended the day showing only modest moves, although substantial weakness was visible among airline stocks, with the NYSE Arca Airline Index plunging by 3.5 percent. Southwest Airlines (LUV) led the sector lower, plummeting by 5.6 percent even though the airline reported better than expected third quarter results.

Nasdaq gained 138.83 points or 0.76 percent to 18,415.49 and S&P 500 was up by 12.44 points or 0.21 percent to 5,809.86, while Dow Jones Industrial Average fell 140.59 points or 0.33 percent to 42,374.36.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
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