Market Holds Onto the Green, PLTR Earnings Watch | What's Moooving
Morning mooers, and happy Monday. The market opened mostly green after Fridays close marked two positive weeks for the major indexes.
It is cloudy and warm in Jersey City, my name is Kevin Travers, and here are stories moving the market today:
MOOVERS
$Micron Technology (MU.US)$ was leading the S&P, up nearly 5% after Baird raised its rating and price target. $Tyson Foods (TSN.US)$ was on the other end of the spectrum, down 6.5% after its Monday earnings projected muted future sales for Q3 and Q4.
$Palantir (PLTR.US)$ climbed 5%, and was the most searched stock on moomoo in preparation for the firm's expected earnings release after the market closes Monday. According to 14 analysts compiled by yahoo finance, the market expects earnings of $0.08 per share, on revenue of $625.43M
SECTORS
When it comes to sectors, as green days regularly go, the Semiconductor Sector was leading the market, up about 2%. The sector pulled back last week after $Advanced Micro Devices (AMD.US)$ reported an earnings miss, but the sector rebounded led by Arm, Micron, and AMD. $NVIDIA (NVDA.US)$ climbed nearly 3%.
Both oil anf gold futures climbed Monday, after a week or two of declines.
Bitcoin had climbed about 3% earlier Monday, but pulled back. Still, some crypto stocks were soaring, with $Marathon Digital (MARA.US)$ climbing a whopping 13%.
RECAP
In the hour after open, the $S&P 500 Index (.SPX.US)$ climbed 0.61%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.27%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed about 0.66%.
MACRO
This week, investors can expect comments from Fed's Bowman and Kashkari, Michigan economic data like the Consumer Sentiment and inflation expectations, EIA supply numbered, but otherwise not much else.
Last week was busy: Wednesday, the Federal Open Market Committee left the target Federal Funds Rate unchanged at 5.25%-5.50%. In a statement released just at 2 PM, the committee said inflation has eased, but it can only expect to reduce the target range when they have more confidence inflation has lowered for good.
Federal Reserve Chairman Jerome Powell said it's unlikely that policymakers will increase interest rates, even though he acknowledged that bringing inflation down to their 2% target remains uncertain.
Monday, the $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ fell to 4.81, the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ fell to 4.50.
Mooers, what are you watching today? Comment below and I may feature your comment tomorrow!
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See thislinkfor more information.
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
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shifter : pltr call
lcsiong1873 : Short selling of US stocks
Kevin TraversOP lcsiong1873: any particular reason?
Kevin TraversOP shifter: Awesome! Are you hoping their earnings are going to beat expecations?
THEWIZARD : Soon, around 5197 ~ 5207 on the $E-mini S&P 500 Futures(SEP4) (ESmain.US)$ would be a good level to go short.
This light volume "Green" won't hold. A deep pull back is necesary.
Just my personal 2 cents opinion.
#DYODD#
#All Trade Carry Risks#
shifter Kevin TraversOP: I do. I got 3 25 call options
生生世世生生世世 lcsiong1873: As soon as I saw you, it was a dish. TSLA has always been the king of moderation.
lcsiong1873 生生世世生生世世: I'm just not confident in bragging about Musk's personal cultivation. Remember the hype about Dogecoin and Bitcoin holdings before? This time, in order to save stock prices, I drew a big cake. Robot Taxi was launched in August. By then, they may be hastening to research electric cars with lots of problems. Furthermore, fuel prices = US dollars. The US government has always used oil prices = US dollars to reap global wealth. Remember the oil price during the 2020 pandemic? How many times has the US financial market stopped trading? The US is running for president at the end of today. As soon as big-mouthed Trump takes office, he will slash subsidies for electric vehicles. Let's not be too obsessed with one stock?
lcsiong1873 Kevin TraversOP: Now that the world's leek capital is invested in the US market, it only relies on those seven stocks to support the US financial market. Is that sound? Last year, I spent a whole year drawing flatbread with A.I. The Wolf of Wall Street
, can you stay hungry and not come out to kill the obedient rabbit 
? Maybe the reason to wait for a market is not a fleeing rabbit, but rather a large nest of rabbits running away.