Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top

Mid Week Session Ends With Stalled Market

avatar
Kevin Travers wrote a column · Oct 2 15:19
Mid Week Session Ends With Stalled Market
The market fell Wendesday morning, but moved toward a flat sideways crawl by the afternoon.
MACRO
US September ADP Nonfarm Employment came in at 143,000 vs 124,000 forecasts, higher than last month's 99,000.
Meanwhile, crude oil inventories came in much higher than estimated: firms added 3.889M barrels compared to a cut of 4.471M last week.
SECTORS
Within industries tracked by moomoo, $Bilibili (BILI.US)$ was still leading live streaming services higher, climbing 83% in the past eight days on Chinese stimulus. Live Streaming stocks were up 7%, and BILI was climbing 7%.
$Crude Oil Futures(DEC4) (CLmain.US)$ climbed again following an Iranian missile barrage on Israel Tuesday. The IDF reported little damage, and Israel and its allies have not announced or taken retaliatory action.
Mid Week Session Ends With Stalled Market
$Bitcoin (BTC.CC)$ fell toward $60k, gold fell while silver kept climbing $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed.
MOOVERS
Mid Week Session Ends With Stalled Market
$Tesla (TSLA.US)$ fell 5%, at one point the lowest on the Nasdaq after it posted Q3 deliveries that grew YoY and QoQ. The firm shipped 462,890 vehicles during the July-to-September period, nearly on point but 1,003 less than the highest of estimates. The result was a 6.4% increase over the third quarter of last year when its sales were impacted by factory upgrades that paused production.
$Humana (HUM.US)$ shares fell 17%, the lowest on the S&P 500 after the firm warned its insurance plans were facing a potential cut in the Medicare rating system. According to preliminary ratings released last night, Humana is facing a star rating cut: about 70% of its 4.5-star rated plans would fall to 3.5, meaning 15% less government rebates.
Nike $Nike (NKE.US)$ shares were down nearly 8% intraday Wednesday trading after the company reported lower fiscal Q1 earnings and an 8% drop in revenue, and cut its Q2 guidance to another loss of 8-10% YoY. The company reported fiscal Q1 earnings late Tuesday of $0.70 per diluted share, down from $0.94 a year earlier. Revenue for the quarter fell to $11.59 billion from $12.94 billion a year earlier. The firm also slashed guidance
$Novavax (NVAX.US)$ rose more than 20% intraday Wednesday after Jefferies issued a positive note on the biotech's prospects for the coming COVID-19 vaccine season.
$Levi Strauss & Co. (LEVI.US)$ fell slightly post-market after the firm beat estimates for adjusted EPS but missed revenue estimates by about $34m.
$Ciena (CIEN.US)$ is up more than 7% after announcing Wednesday that its board has authorized a $1 billion share buyback program that will begin in fiscal 2025 and run until the end of fiscal 2027.
Shares of $Joby Aviation (JOBY.US)$ took off Wednesday on news of another investment from Toyota Motor. JOBY rose as much as 27.9% to a $6.14 intraday high after the companies said that Toyota will invest an additional $500 million in the aerospace start-up to support the certification and commercial production of its electric air taxis.
Interested in Options? To see these stocks and more on the options page, click here. Want to learn more about options, check out moomoo education with this link. Click here to join our exclusive options chat with personal callouts from our resident expert, Invest with Sarge.
Word from the herd: Mooers, what are you watching?
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 this link for more information.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
32
1
5
+0
10
Translate
Report
352K Views
Comment
Sign in to post a comment
avatar
Kevin Travers
Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office. Fmr CNBC contributor, reporter/investor/trader Posts do not represent mm
5625Followers
610Following
14KVisitors
Follow
More from Kevin Travers