Tesla, Google Earnings are Here, Market Mixed Watching Q2 Results | Herd on Wall St
Happy Tuesday, July 23. Earnings are flying, Biden has dropped out, and the news team is headed to Wall Street later today to check out the bull and stock exchange; I'll update you with pictures tomorrow.
Here are updates from stories on Wall Street:
$United Parcel Service (UPS.US)$ fell 12%, at one point the lowest decline for the stock in one day since 2008, after the company trimmed its revenue outlook for the year even as domestic shipping volume returned to growth. The firm reported on Tuesday morning showed that revenue slid 1.1% during the second quarter to $21.8 billion. It was the lowest decliner on the S&P 500.
$Spotify Technology (SPOT.US)$'s stock climbed 12%, posted strong second-quarter earnings, and record profit margins after charging more for premium subscribers.
Earnings were not all causing such drastic stock price changes. $Coca-Cola (KO.US)$ raised its full-year outlook on Tuesday with strong Q2 results and climbed 3%. $Lockheed Martin (LMT.US)$ reclimbed about 3% after reporting sales climbed in its Q2.
$General Motors (GM.US)$ raised its adjusted profit outlook for 2024 and reported earnings above expectations, but the stock still fell 5%. The firm said it spent $600M on a failed project to launch a robo taxi.
Investors are eagerly awaiting earnign this afternoon from giants $Alphabet-C (GOOG.US)$ and $Tesla (TSLA.US)$.
Analysts from FactSet compiled by Yahoo Finance expect Tesla earnings at $0.62/share on Revenue of $24.77B.
Crude oil futures sagged 1.3% on Monday. Bitcoin fell 0.61%, resting at $67k/coin. Silver fell while gold climbed in price Monday, while the U.S. 2-year fell and the U.S. 10-year fell.
Tuesday morning, the market advanced, with the three main indexes in the green. $S&P 500 Index (.SPX.US)$ climbed 0.23%, the $Nasdaq Composite Index (.IXIC.US)$ climbed 0.43%. The $Dow Jones Industrial Average (.DJI.US)$ climbed 0.10%.
5100 equities were in the green, and 5000 declined: the overall market was very mixed Tuesday.
This week in macroeconomic news, investors are awaiting PCE results on Friday. Investors will watch for lesser inflation gauge indexes throughout the week, like quarterly GDP estimates for the second quarter on Thursday. Wednesday, PMI will show the producers' feelings about the prices.
Tuesday, existing home sales for June came in at 3.8M, about .1M lower than estimated.
Yesterday, moomoo users said this week will break earnings season.
Traders, what are you watching today?
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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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溫馨提示 : Can’t beat should be miss some thing but stock still going up lol like last quarter
Alen Kok : k
Simon 5183 溫馨提示 : Don't be happy too early
hua jiang994 溫馨提示 : What does losing money taste like![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
溫馨提示 Simon 5183 : Listen I won’t trade any earnings too difficult lol
溫馨提示 hua jiang994 : Last Friday bought Monday open market sold (I don’t lose ) all tech stocks too expensive before earnings need to sell
102232720仗义执言 : investment. As long as you don't have the mentality of a gambler to buy stocks, and if you want to develop quickly and are desperate, you won't have the pain and trouble of losing money
101574569 : Singapore magnate involved in Venice corruption scandal
Frank Snyder : That’s Jersey city view