TSLA
Tesla
-- 417.410 NVDA
NVIDIA
-- 137.490 MSTR
MicroStrategy
-- 302.960 BA
Boeing
-- 176.550 RGTI
Rigetti Computing
-- 17.0000 Moovin Stonks | Tesla Climbs, Market Flat to Start the Week at Index Records
Happy Monday, September 23, traders. The market was slowly rising, mostly flat Monday as investors digested all-time high indexes and a bit of tech stock pullback. FOMC rate cuts are feeling priced in, my name is Kevin Travers, and here are stonks and stories mooving on Wall Street today.
$Constellation Energy (CEG.US)$ climbed 6% at one point Monday morning, after analysts at Morgan Stanley raised their price target from $233 to $313, according to Benzinga. Keybanc analyst Sangita Jain maintained an Overweight rating and raised the price target from $230 to $265. The stock jumped but then pulled back, as the market priced in the news that $Microsoft (MSFT.US)$ would fund the reop[ening of Unit 1 of Three Mile Island Friday.
$General Motors (GM.US)$ fell 3%, the lowest on the slowly moving S&P 500 after analysts at Bernstein cut the stock from $53 to $54. Shares were trading at $47, about 77% higher than last year when the firm faced a United Auto Workers Strike.
$Tesla (TSLA.US)$ climbed 4%, the highest on the Nasdaq 100. Seeking Alpha and Barrons attributed the climb to analysts' expectations of the firm's October 2nd delivery release., Barclays analyst Dan Levy wrote Monday that he sees third-quarter deliveries coming in at about 470,000 vehicles, higher than the roughly 460,000 consensus estimate.
$Qualcomm (QCOM.US)$ shares pulled back after the Friday Intel acquisition news was confirmed over the weekend. $Intel (INTC.US)$ shares, after pricing in a 15% jump over the weekend, did not advance much Monday, after analyst opinions on the long regulatory process for a possible deal tempered enthusiasm for the takeover possibility.
$Crude Oil Futures(FEB5) (CLmain.US)$ remained at $70, $Bitcoin (BTC.CC)$ remained at $63k/coin. Gold climbed, Silver stayed at $30. $U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ and the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed.
The market was overall boring Monday morning, with 5000 equities in decline to 5700 climbing- it was a flat day just before noon.
Just past 11:38 am ET the $S&P 500 Index (.SPX.US)$ traded +0.33%, the $Dow Jones Industrial Average (.DJI.US)$ climbed 0.13%%, and the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.29%.
In macro, the market priced in FOMC rate cuts from last week. S&P manufacturing PMI came in lower at 57 compared to estimates for 58.6.
Speaking virtually Monday at a seminar hosted by the European Economics and Financial Center in London, Atlanta Federal Reserve President Raphael Bostic said he voted for a 50-point cut because PCE inflation fell to 2.5% in July He believes the Fed's efforts to cool the economy have nearly achieved their goal
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.
Over the weekend, users were talking about rate cuts and bull runs. Some said the run was over now that cuts were here, one said stock climbs will continue, but broaden out past tech and AI.
Traders, what do you think, is the market in 2024 about following the herd? What you watching on the stock market today? What is the herd following? Let me know in the comments below!
Disclaimer: This content is for informational use only and is not a recommendation or endorsement of any particular investment or strategy. Indexes are unmanaged and cannot be directly invested into. 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 having regard to your relevant personal circumstances, before making any investment decisions. Past performance does not indicate or guarantee future success. Moomoo makes no representation or warranty as to its adequacy, or timeliness for any particular purpose of the above content. The data and information provided has been obtained from sources considered to be reliable, but moomoo does not guarantee that the foregoing material is accurate or complete. See the link in the Moovers Community post for more information.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
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
7277Followers
643Following
19KVisitors
Follow
Lavelle Smith : thank you for opportunity investment
105742796 Learner :
151160998 jm : great
OhNowGombie 151160998 jm : Isn’t it because people don’t have money that inflation might go down? The US worker gonna get bailed out ??? Or debased currency is inflation???? What???
john song : will buy tesyla when it drops bekow 180
Clement Lemons : okk
Laine Ford : all good stock