The MarketReader Minute
Tesla dropped significantly and raised concerns about potential demand challenges in China with its extended zero-percent financing for the Model Y and Model 3. Amazon also saw a decrease, despite Wells Fargo raising its price target.
The MarketReader Minute
NVIDIA, which dropped significantly, contributing negatively amid expectations of strong earnings and a notable revenue increase. Apple also fell, as it prepares for a major product launch event while addressing AI integration concerns for its iPhone 16.
The MarketReader Minute
Additionally, on Friday, a substantial number of stocks within the Financials sector surpassed their Earnings-Anchored VWAP, with prominent mentions including MS, XLF, SYF, and KRE.
The MarketReader Minute
Resources has received an upgraded price target from Tudor Pickering Holt, now set at $129. Social media discussions reveal subdued activity in the energy sector, with emphasis on critical support levels, particularly the 200-day moving average.
The MarketReader Minute
Some of the largest macro moves in the market today include: Oil (WTI) +2.5%. Oil (Brent) +2.5%. Some of the largest moves among US mega-cap stocks include: Exxon Mobil Corp (XOM) +1.1%.
The MarketReader Minute
Some of the largest macro moves in the market today include: Oil (WTI) +1.7%. Gold +0.7%. S&P 500 Index (US) +0.5%.
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Zoom Video Communications reported better-than-expected Q2 results, surpassing analyst estimates and providing strong forward guidance for Q3 while raising its fiscal year 2025 revenue outlook beyond consensus estimates.
The MarketReader Minute
Some of the largest moves among US mega-cap stocks include: Broadcom Inc (AVGO) +1.9%. Recent economic data releases have highlighted a softening labor market in the U.S., with initial jobless claims rising more than expected to 232,000 for the week ending August 17th.
The MarketReader Minute
VRTX, MRNA, REGN, GILD, and AMGN all demonstrated notable increases in their respective stock prices, bolstering the ETF's upward movement during market hours on Wednesday.
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Tesla (TSLA) reported a production record for Powerwalls and strong growth in its energy segment, alongside a pilot program for Tesla Semi trucks. Additionally, Tesla issued a recall for 2016 Model X vehicles due to cosmetic trim concerns.
The MarketReader Minute
Some of the largest macro moves in the market today include: USD/CNH +0.2%. Some of the largest moves among US mega-cap stocks include: Alphabet Inc (GOOGL) -1.2%. Alphabet Inc (GOOG) -1.1%. Walmart Inc (WMT) +1.1%.
The MarketReader Minute
significant macroeconomic data revealed a notable decline in U.S. housing starts by 6.8% in July 2024, marking the steepest drop since March. This decrease, particularly in single-unit building starts, raises concerns about the housing market's health and the financial sector.
