Good Morning. This is the Investor Lookout with the daily digest to make you a smarter investor. (Keep an eye on the Lookout Watch to see how we’re doing!)

Here’s what we got today:

• 💻 Coinbase Soars 20% as Trump Victory Ignites Crypto Rally

• 📈 Softbank's $1.8B Profit Signals Big Moves Ahead

Coinbase Soars 20% as Trump Victory Ignites Crypto Rally

They say lightning never strikes twice, but Coinbase just struck gold. Bitcoin topped $88,000 on Monday as Coinbase ($COIN) and other crypto-related shares rallied after the bullish Trump presidential win. Coinbase shares jumped 20% to $324.24, while Robinhood ($HOOD) climbed 7.4% to $32.8. MicroStrategy ($MSTR) added fuel to the fire, announcing a $2 billion Bitcoin purchase. Investors are piling into crypto with Trump's election seen as a game-changer after his promise to create a Bitcoin reserve and replace SEC Chair Gary Gensler.

• Bitcoin closed at $88,741 on Monday

• Republican senate control is bullish as well for crypto as crypto-friendly Sen. Tim Scott is expected to lead the Banking Committee

Softbank's $1.8B Profit Signals Big Moves Ahead

Analysts are banking on SoftBank's success. Japanese technology investor SoftBank Group ($SFTBY) is expected to report a 287 billion ($1.87 billion) quarterly profit, driven by successful IPOs and a strengthening yen, compared to a loss of 931 billion yen last year. Analysts estimate Indian IPOs Brainbees Solutions ($FIRSTCRY) and Ola Electric ($OLAELEC) contributed $1.9 billion to their income. A 10% decrease in the dollar value also boosted Softbank's profits during the period. Analysts eagerly await Softbank's next move after Founder and CEO Masayoshi Son said he was setting aside tens of billions of dollars for the next big thing.

• Softbank's new investments are trending upward, with $1.9 billion in the second quarter, up from $0.3 billion in the first quarter

• Softbank is reportedly trying to manufacture AI chips to rival Nvidia

Markets

ADB increases climate finance after US, Japan give world's first sovereign guarantees. The Asian Development Bank will increase its climate-related lending by up to $7.2 billion after the US and Japan agreed to underwrite risk for some existing loans. [Read]

Gold drops over 2% as dollar strengthens; investors await Fed policy cues. Gold prices fell more than 2.5% on Monday to $2,617.96 per ounce following Trump's presidential win. [Read]

Vietnam central bank ready to sell U.S. dlrs to keep exchange rate stable. Governor Nguyen Thi Hong said Vietnam's central bank is prepared to sell U.S. dollars to the market to keep the exchange rate stable amid the Fed's rate cuts. [Read]

Business

Moncler not in talks to take over Burberry, sources say. Four insider sources say Moncler ($MONC) is not in talks to acquire Burberry ($BRBY) in response to a report by Britan's Mail on Sunday that said a bid was imminent. [Read]

Super Micro Stock Keeps Slipping. A Delisting Deadline Looms. Shares of SMCI ($SMCI) fell again on Monday, decreasing 5.3% to $23.23 after being down 12% in early trading. The stock has dropped 25% this month and could have the worst year since 2018. [Read]

Forget canceling Netflix: More people are just pausing streaming subscriptions instead of quitting. 34% of subscriptions to streaming platforms between September 2023 and August 2024 came from users who rejoined a service they left. [Read]

Investors see safety in India as Trump win casts shadow on emerging markets. Reuters

Chinese Stocks in Hong Kong Fall as Fiscal Plan Fails to Impress. Bloomberg

Hedge Funds Hit by ‘Arbageddon’ Sense Brighter Future After Trump Win. WSJ

The market’s in reflation mode. Goldman Sachs says to replace bonds. MarketWatch

Oil Retreats on Weak Outlook for Chinese Demand, Stronger Dollar. Bloomberg

Bankrupt Red Lobster is getting rid of Endless Shrimp. Qz

Euro hits near 7-month low vs dollar as tariff worries weigh. Reuters

Australian consumer sentiment jumps for second month in Nov. Reuters

In South America, Trump already losing a trade battle with China. Reuters

FTX sues Binance and former chief Changpeng Zhao for $1.8bn. FT

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.