Morning Movers
Gapping up
$ASML Holding (ASML.US)$ BofA reaffirmed its €1,302 price objective for ASML shares, citing increased EBITDA expansion and the scarcity value of AI in Europe. BofA emphasized the unique position of ASML in the AI infrastructure sector, noting that all companies producing AI processors and DRAM utilize ASML's EUV technology for chip manufacturing. Shares rose by 0.63% in premarket trading.
$Tesla (TSLA.US)$ stock in...

Nike: Down 20.7% in June
Let's start with the biggest plunge. Athletic footwear and apparel giant Nike  $Nike (NKE.US)$ was doing alright for most of last month. The stock traded roughly sideways until June 27, followed by a 19% price drop on the month's final market day.
Nike's crash started with a mixed earnings report for the fourth quarter of fiscal year 2024 (ended May 31). The company exceeded Wall Street's consensus earnings tar...

US Stock Market Review 29 Apr - 03 May 2024
- $Dow Jones Industrial Average (.DJI.US)$ 1.18%, $NASDAQ (NASDAQ.US)$1.99%, $S&P 500 Index (.SPX.US)$1.26%
- A surge in $Tesla (TSLA.US)$ shares followed regulatory approval in China for its Full Self-Driving technology.
- Federal Reserve’s meeting resulted in no rate hikes- Information Technology sector saw the largest gains, increasing by 1.6%, influenced by positive earnings reports and tech advancements.
- Event to watch: ...