Market Climbs, But Disney Warns of Consumer Fatigue | Moovin' Stonks

$Novo-Nordisk A/S (NVO.US)$, the Wegovy and Ozempic seller saw its stock fell 7% after the firm said on Wednesday its profit rose 3% to 20 billion Danish kroner ($2.93 billion), or 4.49 kroner a share. Alpha expected profits of 21.29 billion kroner on sales of 68.47 billion kroner.

$Disney (DIS.US)$ Walt Disney posted a streaming business profit on Wednesday, but the firm signaled that consumers were spending less than expected on theme parks. Disney's experiences segment drove a 2% revenue increase to $8.39 billion,  below estimates of $8.59 billion. The firm also said Wednesday it may have to pay an additional $5 billion to Comcast's NBC Universal unit for its 33% stake in Hulu.

$Reddit (RDDT.US)$ stock fell 4% after the firm reported a second-quarter loss of 6C a share. The firm reported 91 million daily active users, marking a 51% year-over-year increase. revenue of $281 million, a 54% rise that exceeded expectations.

$Fortinet (FTNT.US)$ climbed 24%, the highest on the S&P 500 after the firm said it expects $1.445 billion to $1.505 billion in revenue for the coming quarter. Analysts modeled $1.468 billion and $1.589 billion, posted second-quarter revenue of $1.43 billion, up 11% from a year and above estimates.

$Super Micro Computer (SMCI.US)$ fell 16%, the lowest on the S&P 500 after the firm's earnings missed estimates. The server maker posted a profit of $352.7 million, or $5.51 a share, for the  three months ended June 30, up from $193.6 million, or $3.43 a share, in last year's quarter. Adjusted per-share earnings were $6.25, missing analysts' forecast of $8.12.

Investors are still awaiting $Eli Lilly and Co (LLY.US)$ earnings coming Thursday, alongside dozens of other +$10B MK giants. $Robinhood (HOOD.US)$  is set to report earnings tonight after close.

By industries, public solar panel companies were climbing Wednesday after Sunrun posted a surprise profit Wednesday. $Sunrun (RUN.US)$ jumped 19% after a profit of 55C a quarter instead of a 33C loss expected. The firm also said it was partnering with Tesla Electric to build a power plant in Tesla

$Crude Oil Futures(JAN5) (CLmain.US)$ climbed 3.38% after Wednesday Crude Oil Inventory numbers dropped 3.7M, more than twice what was expected. $Bitcoin (BTC.CC)$ fell $56k, and gold and silver both climbed. $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ climbed back above 4%, and the     $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed. Every top moving industry was red on moomoo, and the "Volatility" stock collection was the highest performing.

The overall market was in the rebound Wednesday, with 7600 equities on the rise and 3000 falling back. Just past 11:48 am ET the   $S&P 500 Index (.SPX.US)$ climbed 0.95%, the     $Dow Jones Industrial Average (.DJI.US)$ climbed 0.66%, and the   $Nasdaq Composite Index (.IXIC.US)$ climbed 0.98%.

The turbulence began last week after multiple earnings reports from the largest companies did not meet estimates. Japan's head Bank considered raising rates Friday, sending the   $Nikkei 225 (.N225.JP)$ down 12%, the worst since the 1980s. The Nikkei climbed back 10% Tuesday morning.

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