These Stocks Moved the Most Today: Palo Alto, Nikola, AMC, XPeng, Tesla, Nvidia, and More
The article discusses the stocks that had the highest movement on the market, including Palo Alto, Nikola, AMC, XPeng, Tesla, Nvidia, and more.
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Posted 8/21/2023, 8:33:00 PM
barrons.com
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Tech stocks rebounded on Monday, with the Nasdaq Composite climbing 1.6% and the S&P 500 adding 0.7% as bargain hunters took advantage of discounted prices, despite the 10-year Treasury yield reaching its highest level since 2007. Palo Alto Networks saw a significant surge after reporting higher-than-expected earnings and revenue, indicating strong demand for its artificial intelligence security operations platform.
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.
Stocks edge up in premarket trading as investors await Federal Reserve Chair Jerome Powell's speech, China moves to ease mortgage policies, chipmaker Marvell Technology delivers in line with expectations, Alphabet and Microsoft continue to leverage AI capabilities, Nordstrom beats earnings but maintains cautious outlook, Netflix is upgraded by Loop Capital, Amazon reportedly in talks with Disney regarding an ESPN streaming service, and Realty Income Corp announces a $950 million investment in The Bellagio Las Vegas.
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.
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.
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 of Arm Holdings, Chevron, GM, and Ford are moving the most today, with futures for the Dow Jones Industrial Average increasing 16 points.