Account Info
Log Out
English
Back
Download
Log in to access Online Inquiry
Back to the Top
Live Stock Financial Podcast. What are you watching on the market?
Views 1.9M Contents 148

Tesla, Google Earnings are Here, Market Mixed Watching Q2 Results | Herd on Wall St

avatar
Kevin Travers joined discussion · Jul 23 23:08
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.
Tesla, Google Earnings are Here, Market Mixed Watching Q2 Results | Herd on Wall St
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.
Tesla, Google Earnings are Here, Market Mixed Watching Q2 Results | Herd on Wall St
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?
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.Morning traders, Happy Tuesday, July 23. Earnings are flying, Biden has dropped out, and he news team is headed to Wall Street later today to check out the bull and stock exchange, I'll update with pictures tomorrow.  
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more
21
1
+0
9
Translate
Report
508K 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
7122Followers
641Following
19KVisitors
Follow