SUPV Overview

Analyst Coverage Initiations: Several Wall Street analysts have initiated coverage on various companies, providing new ratings and price targets for investors to consider.

Option Care Health Inc: Raj Kumar from Stephens & Co. rated Option Care Health Inc (OPCH) as Overweight with a price target of $40, while the stock closed at $33.09.

Grupo Supervielle SA: Itau BBA's Pedro Leduc rated Grupo Supervielle SA (SUPV) as Outperform with a price target of $15, with shares closing at $10.70.

Oscar Health Inc and BridgeBio Pharma Inc: Dean Sublett from Stephens & Co. rated Oscar Health Inc (OSCR) as Equal-Weight with a target of $17, and William Pickering from Bernstein rated BridgeBio Pharma Inc (BBIO) as Outperform with a target of $94, with respective closing prices of $15.59 and $72.70.

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Milei's Election Impact: Javier Milei's victory in Argentina's midterm elections has led to a significant surge in the country's stocks and bonds, reflecting increased investor confidence and a potential reduction in political risk.

Legislative Power and Reforms: With his coalition securing 41% of the vote, Milei is positioned to implement extensive libertarian reforms, including government spending cuts and tax system overhauls, bolstered by a substantial increase in congressional representation.

U.S. Support and Economic Outlook: The U.S. Treasury Secretary praised Milei's mandate as a success of U.S. policy in Latin America, highlighting the potential for increased private sector investment and economic freedom in Argentina.

Stock Market Reactions: Following the election results, several Argentine stocks listed in the U.S. experienced dramatic gains, with some rising over 34%, indicating strong market enthusiasm for Milei's economic agenda.

Sprott Gold Miners ETF Performance: The Sprott Gold Miners ETF is underperforming, down approximately 6.2% in Monday afternoon trading.

Weakest Components: Key contributors to the ETF's decline include Gold Fields Limited, which fell by about 8.9%, and Coeur Mining, which decreased by about 8.4%.

Market Context: The performance of the ETF is part of a broader market trend observed on Monday.

Author's Perspective: The views expressed in the article are those of the author and do not necessarily represent Nasdaq, Inc.

Avidity Biosciences Acquisition: Avidity Biosciences Inc. shares surged after Novartis AG announced its acquisition of the company for $72.00 per share, a 46% premium over Avidity's closing price on October 24.

Pre-Market Trading Highlights: Several stocks saw significant gains in pre-market trading, including Click Holdings Limited (+173%), Treasure Global Inc (+52.4%), and Banco BBVA Argentina SA (+31.3%).

Notable Stock Declines: Picard Medical, Inc. experienced a sharp decline of 65.3%, while Genenta Science SPA and Wellgistics Health Inc. also saw significant drops of 32.3% and 31.5%, respectively.

Market Overview: The article provides a snapshot of various stocks' performances in pre-market trading, highlighting both gainers and losers, along with their respective percentage changes.

ETF Performance: The Simplify Macro Strategy ETF is underperforming, down approximately 3.6% in Thursday afternoon trading.

Weakest Components: Key contributors to this decline include Civitas Resources, which fell by about 6.7%, and Chemours, which decreased by around 5.5%.