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Market Data Table

Breakfast News: Bitcoin Falls Below $90k

November 18, 2025

Monday's Markets
S&P 500 6,672 (-0.92%)
Nasdaq 22,708 (-0.84%)
Dow 46,590 (-1.18%)
Bitcoin $$91,563 (-1.97%)

1) Souring Sentiment Pulls Bitcoin Lower

S&P 500 futures traded over 0.5% lower ahead of the opening bell, with Bitcoin (CRYPTO:BTC) falling below $90,000 and erasing all gains for 2025, as risk sentiment continued to worsen across the crypto space and broader markets.

Bitcoin ETF investors underwater as $89,600 level breaks: According to Sean Rose at Glassnode, the average cost base across all Bitcoin exchange-traded funds (ETFs) is now higher than the current market level, although large buying was also done between $40,000 and $70,000.
"We're optimistic that Bitcoin will keep making a positive contribution to our performance in the years to come": Motley Fool CEO and co-founder Tom Gardner recently explained Bitcoin is "well known for its extreme volatility" and has a positive long-term outlook, but stressed that those who don't "have conviction in the underlying purpose of Bitcoin…will likely have trouble maintaining the discipline to hold during future price swings."

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2) Alphabet's AI Hits Travel Stocks

Alphabet (NASDAQ:GOOG) yesterday unveiled new artificial intelligence (AI) travel tools that allow users to build and book travel itineraries, pushing Booking Holdings (NASDAQ:BKNG) and Expedia (NASDAQ:EXPE) down 4.83% and 7.75%, respectively.

Integrating search results and Google Maps: Alphabet's Canvas AI companion will be linked to other company products, enabling a customer to both research and reserve without leaving the ecosystem, potentially meaning less business for online travel agents.
A four-time Stock Advisor recommendation, initially from 2004: Booking Holdings has already been integrating AI into its offering for some time, and strong customer retention means there's no guarantee Alphabet will take away meaningful market share.

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3) Tariff Relief Lifts Hershey and Vita Coco

Food stocks, including Dividend Investor rec Hershey (NYSE:HSY) and Vita Coco (NASDAQ:COCO), rose thanks to President Donald Trump's executive order exempting hundreds of imported agricultural goods from tariffs.

"Cocoa is not grown in the United States and is essential to our U.S.-based manufacturing operations": A statement from Hershey applauded the decision, having guided in October for 2025 tariff expenses to be between $160 million and $170 million, a figure now expected to be significantly lower. The stock currently yields 3%, with the company consistently increasing its dividend payout for 16 consecutive years.
Vita Coco expects the average company tariff rate to fall from 23% to 6%: Management now sees a much lower impact on costs, thanks to the new measure, given that the majority of product supplies come from Brazil and the Philippines.

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4) Tuesday's Notable Earnings: BIDU, HD, ITRN

Baidu (NASDAQ:BIDU) is up over 2% in pre-market trading, thanks to quarterly revenue beating expectations, driven by broadening enterprise adoption of AI products and solutions.

Exceeding revenue forecasts in six of the past 10 quarters: Home Depot (NYSE:HD) fell almost 2% ahead of the market open, after management cut the full-year profit guidance, with CFO Richard McPhail citing weak consumer spending.
Beaten earnings-per-share estimates three out of the last four quarters: Ituran Location and Control (NASDAQ:ITRN) will release earnings before the opening bell, with a focus on paying subscriber growth and improvements in the key metric of stolen vehicle recoveries.

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5) Your Take

What zombie company in your portfolio refuses to die -- and what do you think it would take to spark it back to life? Share with friends and family, or become a member to hear what your fellow Fools are saying.

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