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Morning Movers Gapping up $Ross Stores (ROST.US)$rallied more than 5.4% after beating earnings estimates by 9 cents per share and meeting the $5.25 billion revenue expectation. $Warby Parker (WRBY.US)$jumped 5.3% after an upgrade by JMP Securities to outperform from market perform, with an anticipation of more positive commentary from the management in future quarters. $Chewy (CHWY.US)$stock advanced more than 2.7% following...
Retail stocks have recently delivered a slew of upbeat earnings reports, alleviating investor concerns about consumer spending amid persistent inflation. $Target (TGT.US)$posted a 2% rise in comparable sales for its second quarter on Wednesday, marking the first increase in over a year. The company raised its full-year earnings per share outlook to $9-$9.70.$TJX Companies (TJX.US)$, owner of discount stores Marshalls and...
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Good earnings alleviate concerns of consumer spending? Doesn’t that mean people are still spending absolutely ridiculous
The AI arms race between the Magnificent Seven companies is still ongoing in 2024. However, it appears that the gap between these tech giants is widening based on their stock performance. As of the close of trading this Thursday,$Meta Platforms (META.US)$has surged over 50% year-to-date. While it falls short of the skyrocketing 150% growth seen by AI darling$NVIDIA (NVDA.US)$, Meta has left other megacap peers far...
Market is now anticipating about 70% chance of a 25pbs cut and about 30% chance of a 50pbs cut.
Many tech stocks jumped as a result
$Netflix (NFLX.US)$ $Invesco QQQ Trust (QQQ.US)$ $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ $Palantir (PLTR.US)$ $Apple (AAPL.US)$ $Tesla (TSLA.US)$ $Alphabet-A (GOOGL.US)$ $Super Micro Computer (SMCI.US)$ $NVIDIA (NVDA.US)$ $Apple (AAPL.US)$ $Amazon (AMZN.US)$
Bitcoin $Bitcoin (BTC.CC)$ : +30%
Nikkei 225 $NIKK: +23%
Tesla $Tesla (TSLA.US)$ : +21%
Meta $Meta Platforms (META.US)$ : +17%
Netflix $Netflix (NFLX.US)$ : +17%
Amazon $Amazon (AMZN.US)$ : +17%
Apple $Apple (AAPL.US)$ : +16%
Nasdaq 100 $Invesco QQQ Trust (QQQ.US)$ : +13%
Russell 2000 $iShares Russell 2000 ETF (IWM.US)$ : +12%
S&P 500 $SPDR S&P 500 ETF (SPY.US)$ : +10%
Microsoft $Microsoft (MSFT.US)$ : +8%
Google $Alphabet-C (GOOG.US)$ : ...
Gapping up
$Ross Stores (ROST.US)$ rallied more than 5.4% after beating earnings estimates by 9 cents per share and meeting the $5.25 billion revenue expectation.
$Warby Parker (WRBY.US)$ jumped 5.3% after an upgrade by JMP Securities to outperform from market perform, with an anticipation of more positive commentary from the management in future quarters.
$Chewy (CHWY.US)$ stock advanced more than 2.7% following...
$Target (TGT.US)$ posted a 2% rise in comparable sales for its second quarter on Wednesday, marking the first increase in over a year. The company raised its full-year earnings per share outlook to $9-$9.70. $TJX Companies (TJX.US)$, owner of discount stores Marshalls and...
As of the close of trading this Thursday, $Meta Platforms (META.US)$ has surged over 50% year-to-date. While it falls short of the skyrocketing 150% growth seen by AI darling $NVIDIA (NVDA.US)$, Meta has left other megacap peers far...
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