Main financial assets discussed: S&P 500, Apple (AAPL), Netflix (NFLX), Nvidia (NVDA), Tesla (TSLA), Apellis (APLS), Axsome (AXSM), Sage Therapeutics (SAGE)
Top 3 key points:
1. The S&P 500 experienced a strong reversal to the week's downward slide and is expected to start next week on a buoyant note.
2. Apple (AAPL) and other big tech stocks like Netflix, Nvidia, and Tesla have weak charts and may continue to weigh on the market.
3. The author expects the market to start positively, but believes Jerome Powell's speech at Jackson Hole will lead to another sell-off and a test of the support level at 4320.
Recommended actions:
1. **Buy**: Consider buying Apellis (APLS), Axsome (AXSM), and Sage Therapeutics (SAGE) based on the author's opinion and further research.
2. **Sell**: Consider closing out long options positions slowly and trimming positions, especially call options.
3. **Hold**: Monitor the market and be prepared to hedge through call options or put options depending on their pricing.
4. Monitor the VIX and use it as an indicator for hedging when it falls into the low 15s.
5. Pay attention to economic news, earnings reports, and Powell's speech for potential market movements.
The article discusses the stocks that had the highest movement on the market, including Palo Alto, Nikola, AMC, XPeng, Tesla, Nvidia, and more.
The article discusses the stocks that are experiencing the most significant movements, including Zoom Video, Tesla, Fabrinet, Lowe's, Baidu, and Macy's.
Stocks, including Foot Locker, Peloton, AMC, Nvidia, Abercrombie, and Apellis, are experiencing significant movement as Wall Street anticipates Nvidia's earnings.
Tech-heavy Nasdaq Composite and S&P 500 close higher on Monday, while Dow Jones Industrial Average falls slightly; Bank of America analyst predicts insurers will increase customer prices due to increased climate change risk; Allianz economist believes Federal Reserve Chair Powell will focus on short-term monetary policy at Jackson Hole; Loop Capital warns of weak smartphone sales ahead of iPhone 15 launch; CFRA Research chief investment strategist expects year-end rally for stocks despite recession concerns; Homebuilding stocks begin to decline; AMC Entertainment falls ahead of stock conversion; Cybersecurity company SentinelOne explores potential sale; LPL Financial chief technical strategist says recent stock pullback is temporary and predicts end-of-year rally; Jefferies upgrades gold product manufacturer Acushnet Holdings; Nvidia's quarterly earnings report could be critical for the market, says Wolfe Research; Stocks making big moves midday, including XPeng, Eli Lilly, and Marriott Vacations Worldwide.
This article mentions the stock of Apple (NASDAQ:AAPL). The author's suggestion is not explicitly stated, but they express concerns about the low dividend yield, modest dividend growth, and potential overvaluation of Apple's stock. The author also discusses Apple's strong brand, the possibility of an acquisition of Disney's assets, and the headwinds and risks facing the company. The author suggests that a recession or market correction could lead to a potential price drop and provide a good entry point for investors. However, they also acknowledge the potential for the stock to continue trending upwards, especially during the holiday season.
Apple and Nvidia are two Nasdaq-listed stocks that have the potential to lead your portfolio for years to come, with Apple's sustainable profits driven by their shift to a services-focused approach and Nvidia's dominance in the AI hardware market.
U.S. stocks begin the final week of August with a positive start, Goldman Sachs sells its personal financial management unit, Microsoft emphasizes the need for human control over artificial intelligence, Google plans to license solar and environment data, Nvidia is hailed as the world's most valuable chipmaker, and analysts offer mixed views on the strength of the U.S. consumer and the future of the retail sector.
Dow Jones futures and key economic data, including the Case-Shiller Home Price Index, FHFA Price Index, consumer confidence numbers, and the July JOLTS report, are impacting the stock market today. Additionally, several software stocks and companies like Best Buy, BYD, Nio, and Pinduoduo are making moves in earnings.
Tesla's stock is surging and flirting with a buy point due to positive buzz around the company's upgraded Model 3 and upcoming Cybertruck, as well as the increase in Tesla insurance registrations in China.
Investors are bullish on the market in 2023, with the Nasdaq Composite up 30% and two leading ultra-growth stocks, Amazon and Apple, poised to benefit from improving market conditions and their strong positions in multiple industries.
Summary: The stock market shows signs of a rally, with major indexes surpassing the 50-day line and Treasury yields decreasing, growth stocks are leading, and software companies like Salesforce, MongoDB, and CrowdStrike reporting positive earnings; meanwhile, Amazon and Shopify announce a deeper partnership, and Tesla unveils an upgraded Model 3 while also lowering prices. Additionally, a near-perfect jobs report and tamed inflation data suggest that the Fed may not continue with rate hikes.
Summary: The article discusses the stock market movers of the day, including Tesla, Nvidia, Fidelity National Financial, and Oracle.
Summary: Amazon.com, Uber, Shopify, Caterpillar, and Lam Research are all stocks to watch as they are trading near their 2023 highs, with Amazon and Uber showing signs of early entry opportunities, and Caterpillar benefiting from increased construction spending. Lam Research is expected to rebound in 2024 due to anticipated growth in the chip industry.
Tesla is gaining momentum on Wall Street as an artificial intelligence stock.
Dow Jones futures rose alongside S&P 500 futures and Nasdaq futures, with Tesla receiving an upgrade and price target hike, and Apple, Oracle, and Adobe having major news ahead. The stock market rally is under pressure, but there could be a change soon.
Tesla's stock is rising after an optimistic report from Morgan Stanley about Tesla's Dojo supercomputer, which could add about $500 billion in value to the company and potentially become a direct revenue generator.
Despite the market's uncertain trend, stocks like Nvidia, Uber, and Axon demonstrate resilience as they navigate their key moving averages, while other companies such as Celsius and Tidewater continue to show mixed technical action; investors should monitor support and resistance levels in major indexes and expect the major indexes to hold and build on support at their moving averages.
Stocks were higher on Monday, with the Nasdaq leading the way, as Apple stabilized and the CNBC Investing Club with Jim Cramer highlighted key events including Salesforce's Dreamforce event, Apple's iPhone 15 event, Google's search trial, upcoming inflation data, and the expiration of the UAW labor contract. Additionally, Meta Platforms is developing a new AI system to rival OpenAI's model, while Oracle's earnings are set for release, with analysts expecting upside from Oracle Cloud Infrastructure.
Tech stocks rallied, with Tesla surging more than 10% after an upgrade by Morgan Stanley, and Qualcomm jumping almost 4% on news of a continued supply agreement with Apple, leading to a 1.14% increase in the Nasdaq Composite.
Katie Stockton discusses the current outlook of the stock market, individual sectors, and cryptocurrencies using key technical indicators, while also highlighting the significance of Apple and Alphabet in light of the iPhone release and the antitrust suit against Google.
U.S. stock futures slip after Tesla's surge, Arm's IPO order book closes early, Apple expected to unveil new iPhone model, oil prices rise, and Disney and Charter reach deal to end blackout.
Amazon stock, Carvana, Uber Technologies, and General Electric are identified as stocks to watch in today's market as they have strong relative strength lines at new highs.
Stocks remain uncertain as investors anticipate the inflation update and digest news from the tech sector, including Apple's unveiling of new iPhones, while attention also turns to the upcoming Arm IPO and Oracle's disappointing earnings results.
Stock futures slip as several stocks, including Apple, BP, NIO, and Rocket Pharmaceuticals, show significant movement.
Tesla was the most shorted large-cap stock in the US for the third consecutive month in August, but saw a 10% rally after a bullish research note from Morgan Stanley.
The stock market rally faced some challenges this week, with major indexes struggling to hold above key levels and Tesla surging past a buy point, while economic data eased fears of another Fed rate hike and crude oil prices hit fresh highs. Additionally, the unveiling of the Apple iPhone 15 failed to impress investors, Adobe gave mixed guidance, Oracle disappointed, Arm Holdings had a successful IPO debut, and a United Auto Workers strike began against General Motors, Ford Motor, and Stellantis.
Gas prices drive up US inflation rate, reaching 3.7% in August, while excluding volatile components shows a favorable trend in core inflation; Tesla rallies following an upgrade by Morgan Stanley, Qualcomm secures a deal with Apple, and ARM Holdings PLC debuts with the largest IPO of the year; United Auto Workers strike against Detroit automakers; upcoming Federal Open Market Committee meeting and corporate earnings reports are in focus for the week ahead.
Stock futures rise slightly as certain stocks, including Ford, Activision, Alibaba, U.S. Steel, and Scholastic, show significant movement.
Tesla's stock is nearing crucial support levels, potentially causing turbulence for investors as it descends from its recent peak.
Despite various geopolitical and economic challenges, growth stocks have not been negatively impacted, and the stock market continues to exhibit a pattern of higher highs and higher lows, suggesting that the uptrend is still intact. Investors should pay attention to support and resistance levels, monitor sectors such as retail, small-caps, and energy, and analyze sector relationships to make informed investment decisions.
Stock futures rise as Wall Street waits for U.S. inflation data; Nike, Tesla, Ford, GM, Carnival, and more stocks are on the move.
Several prominent mega-cap tech stocks including Apple, Amazon, Meta, Alphabet, Nvidia, Tesla, and Microsoft, referred to as the Magnificent Seven by CNBC's Jim Cramer, are able to hold their own against the gravitational pull of the bond market due to their cash reserves and strong balance sheets.
Wall Street is optimistic that despite recent bad news, Tesla stock will continue to perform well.
The Nasdaq rose as investors awaited comments from Federal Reserve officials and economic data, with Nvidia and Tesla both experiencing stock movements.
Stocks are rising modestly as Treasury yields fall and several stocks, including Apple, Cal-Maine Foods, A10 Networks, Palantir, and Tilray, are seeing significant movement.
Shares of the seven largest technology stocks, including Apple, Microsoft, Alphabet, Amazon, Meta Platforms, Tesla, and Nvidia, all traded lower following stronger-than-expected September jobs data, potentially impacting the Federal Reserve's interest rate hike policy.
Summary: Despite the recent market volatility, three underappreciated stocks - Rivian Automotive, Apple, and Lululemon Athletica - have the potential to be lucrative investments for savvy investors in a market pullback.
Shares of Chinese EV maker Nio continue to underperform due to increased competition and pressure on margins, despite analysts' optimistic price targets, as Tesla's aggressive pricing strategy affects profit margins and competitors offer promotional discounts.
Tesla's recent stock splits and its strong performance indicate solid fundamentals and growth prospects, leading to a bull-case price target of $2,500 per share by 2027, implying an 860% upside, according to Cathie Wood's Ark Invest. While the assumptions may be outlandish, Tesla's strong foothold in the electric car and autonomous vehicle markets, as well as its plans for FSD software and robotaxi services, make it a potential investment opportunity for risk-tolerant investors.
Summary: Earnings season ramps up with Bank of America, Goldman Sachs, Netflix, and Tesla reporting this week, while companies like Apple and UnitedHealth Group are highlighted for their strong return on equity.
Stocks are trading higher as Wall Street gears up for a week of earnings reports, including Tesla and Netflix, while keeping an eye on the Israel-Hamas war.
The stock market rally faces further losses as volatility increases and the 10-year Treasury yield reaches almost 5%, but there is hope for a bounce as market fear gauges rise; Tesla plunges in volume due to weak earnings and a lack of growth, while stocks like Adobe, Arista Networks, Microsoft, Palantir Technologies, and Meta Platforms are worth watching for potential buying opportunities.
Tesla's stock was up 79% for the year in 2023, but recent events and price cuts have led to a 15% drop from the previous week and a 24% drop from this year's high in July, affecting the company's profit margins.
Big tech giants Amazon, Apple, Microsoft, Meta, Alphabet, Tesla, and Nvidia dominate the stock market, representing almost 30% of the S&P 500 market cap, while investors anticipate their third-quarter earnings reports.
### Summary
As earnings season approaches, investors looking for safe bets and potential stock growth might consider Apple, Microsoft, and Alphabet due to their dominance in the tech industry, their expanding business segments, and their strong financial performances.
