The article discusses the stocks that had the highest movement on the market, including Palo Alto, Nikola, AMC, XPeng, Tesla, Nvidia, and more.
Goldman Sachs and Morgan Stanley analysts recommend stocks like Nvidia, Microsoft, Alphabet, Amazon, Meta Platform, Salesforce, and Apple, while companies like Zoom, Baidu, Campbell, Aramark, Hasbro, Intuit, Visa, GXO Logistics, Upstart, and SoFi receive price target updates or ratings changes from various financial institutions.
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.
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.
VMware, Lululemon Athletica, Broadcom, Papa John's, PagerDuty, A-Mark Precious Metals, Dell Technologies, Walgreens Boots Alliance, Tesla, and MongoDB all made headlines in midday trading with various financial updates and announcements.
Summary: The article discusses the stock market movers of the day, including Tesla, Nvidia, Fidelity National Financial, and Oracle.
Zoom Video Communications is expected to outperform in the stock market, with one analyst predicting it could soar by 1,991% by 2026, as the company continues to grow and attract customers despite competition from tech giants like Microsoft and Salesforce.
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.
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.
Stock futures slip as several stocks, including Apple, BP, NIO, and Rocket Pharmaceuticals, show significant movement.
Stocks of Arm Holdings, Chevron, GM, and Ford are moving the most today, with futures for the Dow Jones Industrial Average increasing 16 points.
