Expedia, Sandisk, and Penumbra Rank Among the Top 10 Large-Cap Winners Last Week (Nov. 3-Nov. 7): Is Your Portfolio Included?
Top Performing Stocks: Ten large-cap stocks saw significant gains last week, with Globus Medical, Inc. leading at a 39.79% increase after strong Q3 results and raised guidance for FY2025.
Strong Earnings Reports: Companies like Sandisk Corporation, Lumentum Holdings Inc., and Datadog, Inc. also reported better-than-expected financial results, contributing to their respective stock price increases of 13.77%, 15.30%, and 16.91%.
Guidance Upgrades: Several companies, including Expedia Group, Inc. and Penumbra, Inc., raised their fiscal year 2025 guidance following positive earnings reports, resulting in stock gains of 18.14% and 19.58%, respectively.
Overall Market Performance: Other notable performers included Teva Pharmaceutical Industries Limited and Madrigal Pharmaceuticals, Inc., both of which reported strong earnings and raised their guidance, contributing to their stock price increases of 15.13% and 19.90%.
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Trip.com Under Anti-Monopoly Investigation, Controls Over 60% of China's Online Travel Market
- Investigation Launched: China's State Administration for Market Regulation has initiated an anti-monopoly investigation into Trip.com, focusing on its hotel booking operations, which accounted for 44% of its revenue in Q3, potentially forcing the company to end exclusivity agreements and divest rival investments.
- Market Share Concentration: Trip.com controls over 60% of China's online travel market through a series of acquisitions and investments, maintaining a strong market position despite challenges from Meituan and Alibaba.
- Stock Price Plunge: Following the announcement of the investigation, Trip.com's stock fell 22% over four trading days, wiping out approximately $9 billion in market value, although its share price remains up 54 times since its IPO, indicating investor anxiety about the future.
- Uncertain Future Outlook: The market regulator is expected to impose fines exceeding $1 billion on Trip.com, but the greater concern lies in potential divestitures of key investments, particularly in Tongcheng and Qunar, which could significantly impact its market dominance.

S&P 500 Index Falls 0.53% as Tech Stocks Weigh Down Market
- Market Weakness: The S&P 500 Index closed down 0.53% and the Nasdaq 100 Index fell 1.07%, indicating that weakness in technology stocks and chip makers negatively impacted the broader market, reflecting investor concerns over rising geopolitical risks.
- Positive Economic Data: U.S. November retail sales rose 0.6% month-over-month, exceeding expectations of 0.5%, while the November Producer Price Index increased 3.0% year-over-year, stronger than the anticipated 2.7%, suggesting a rebound in economic activity that could support the market.
- Rising Oil Prices: WTI crude oil surged to a 2.5-month high amid concerns over the situation in Iran, driving investors towards safe-haven assets, with gold and silver also reaching new highs, indicating increased demand for secure investments.
- Fed Policy Expectations: The market is pricing in a 5% chance of a 25 basis point rate cut at the upcoming FOMC meeting on January 27-28, reflecting a cautious outlook among investors regarding future monetary policy.









