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November 10, 2024

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In this StockCharts TV video, Mary Ellen presents a deep dive into last week’s sharp rally in the markets. She highlights what areas could perform best under a Trump administration and how to spot a pullback. She takes a close look at the “New Economy” and how best to capitalize.

This video originally premiered November 8, 2024. You can watch it on our dedicated page for Mary Ellen on StockCharts TV.

New videos from Mary Ellen premiere weekly on Fridays. You can view all previously recorded episodes at this link.

If you’re looking for stocks to invest in, be sure to check out the MEM Edge Report! This report gives you detailed information on the top sectors, industries and stocks so you can make informed investment decisions.

Family members of a 31-year-old American tourist who was killed while on vacation in Hungary’s capital mourned their loss while a 37-year-old suspect was in custody Saturday.

The victim, Mackenzie Michalski from Portland, Oregon, was reported missing on Nov. 5 after she was last seen at a nightclub in central Budapest.

Police launched a missing person investigation and reviewed security footage from local nightclubs where they observed Michalski with a man later identified as the suspect in several of the clubs the night of her disappearance.

The man was detained on Nov. 7 and questioned by police, and later allegedly confessed to the killing.

After Michalski’s disappearance, her family and friends had launched an effort to find her, starting a Facebook group to gather tips on her whereabouts. Her parents traveled to Hungary to assist in the search, but while en route learned that she had been killed.

At a candlelight vigil in Budapest on Saturday night, the victim’s father, Bill Michalski, told The Associated Press that he was “still overcome with emotion” at the death of his daughter.

“There was no reason for this to happen,” he said. “I’m still trying to wrap my arms around what happened … I don’t know that I ever will.”

Police detained the suspect, an Irish citizen, on the evening of Nov. 7. Investigators said that Michalski and the suspect had met at a nightclub and danced before leaving for the man’s rented apartment. Police alleged the man killed Michalski while they were engaged in an “intimate encounter.”

Police alleged the suspect confessed to the killing, but said it had been an accident. Police said that he had attempted to cover up his crime by cleaning the apartment and hiding Michalski’s body in a wardrobe before purchasing a suitcase and placing her body inside.

Allegedly, he then rented a car and drove to Lake Balaton, around 90 miles (150 kilometers) southwest of Budapest, where he disposed of the body in a wooden area outside the town of Szigliget.

Video released by police showed the suspect guiding authorities to the location of the body. Police said the suspect had made internet searches before being apprehended on how to dispose of a body, police procedures in missing person cases, whether pigs really eat dead bodies, and the presence of wild boars in the Lake Balaton area.

They said he had also made an internet search inquiring on the competence of Budapest police.

Crime scene photographs released by police showed a rolling suitcase, several articles of clothing including a pair of fleece-lined boots, and a small handbag next to a credit card bearing Michalski’s name.

According to a post by an administrator of a Facebook group called “Find Mackenzie Michalski,” which was created on Nov. 7, Michalski, who went by “Kenzie,” was a nurse practitioner who “will forever be remembered as a beautiful and compassionate young woman.”

At the candlelight vigil in Budapest on Saturday, Michalski’s father gave brief comments to those who had gathered, and was wearing a baseball cap he said he had received as a gift from his daughter.

Michalski had visited Budapest before, and called it her “happy place,” her father told the AP.

“The history, she just loved it and she was just so relaxed here,” he said. “This was her city.”

This post appeared first on cnn.com

Nvidia passed Apple in market cap on Tuesday becoming, for a second time, the most valuable publicly traded company in the world.

Nvidia rose nearly 3% to close with a market cap of $3.43 trillion, ahead of Apple at $3.4 trillion. Nvidia shares have almost tripled in 2024, as investors show continued confidence in the company’s ability to maintain a rapid growth rate from its graphics processing units, or GPUs, and a leadership position in the artificial intelligence market.

Apple shares are up about 17% this year, although many analysts say the recent release of the Apple Intelligence suite of features for iPhones could drive increased sales and put the company in a leadership position in “edge AI,” which relies less on GPU-based servers.

Nvidia is the dominant supplier of GPUs, which are used to develop and deploy advanced AI software such as OpenAI’s ChatGPT. Its stock is now up more than 2,700% in the past five years, and revenue has more than doubled in each of the past five quarters, tripling in three of them. 

Apple was the first company to reach a $1 trillion and a $2 trillion market cap. Nvidia previously passed Apple in June before sliding over the summer. Microsoft, ranked third with a market cap of close to $3.1 trillion, is a major customer of Nvidia GPUs to fuel its partnership with OpenAI as well as its own AI ambitions.

Founded in 1991 to produce chips for playing 3D games, Nvidia has taken off in recent years for a very different reason. Over the past decade, scientists and researchers discovered that the same Nvidia chip designs that could render polygons and computer graphics were ideal for the kind of parallel processing needed for AI. Nvidia then developed software and more powerful chips specifically for AI.

Last week, Apple reported a 6% increase in revenue for the most-recent quarter but signaled weaker growth than analysts expected in the current period. Nvidia is scheduled to report results Nov. 20.

S&P Dow Jones announced last week that Nvidia will join the Dow Industrial Average on Friday, replacing longtime rival Intel, and joining Apple in the blue-chip index.

This post appeared first on NBC NEWS