Tesla will host a webcast to discuss its second-quarter earnings report and take questions. The event is scheduled to begin at 5:30 p.m. ET. On the conference call, investors will likely hear from CEO Elon Musk on a number of topics beyond results...
Continue ReadingMTUM ETF tracks an index of leading American momentum stocks, with top holdings, including Nvidia, Broadcom, and Eli Lilly. Read why MTUM is a Sell...
Continue ReadingMarkets mostly took Joe Biden's withdrawal from the U.S. presidential race in their stride, flicking the switch from politics back to focus on earnings and interest rates. In the U.S., a September rate cut is all but locked in to prices, and in Europe a 25 basis-point cut is expected in October. Euro zone consumer confidence figures and U.S. existing home sales, both due on Tuesday, are unlikely to shift that outlook...
Continue ReadingCorporate earnings will be in the spotlight Tuesday, especially from tech giants Tesla and Alphabet, while Wiz has reportedly turned down a deal with Google. Vice President Kamala Harris appears to be in prime position to receive the Democratic Party’s nomination to run against Republican candidate Donald Trump in November’s presidential election...
Continue ReadingOn Monday, Cathie Wood-led Ark Invest made significant trades involving CrowdStrike Holdings Inc (NASDAQ:CRWD) and Tesla Inc (NASDAQ:TSLA), despite the turbulent market conditions surrounding these companies. The CrowdStrike Trade The Ark Fintech Innovation ETF (NYSE:ARKF) and ARK Next Generation Internet ETF (NYSE:ARKW) funds bought a total of 20,219 shares of CrowdStrike, valued at approximately $5.34 million based on the closing price of $263.91 on the same day. This move comes despite CrowdS...
Continue ReadingTech stocks came under pressure last week as major airlines, including American, Delta, United, were grounded due to a CrowdStrike software update that crashed some Microsoft 365 systems...
Continue ReadingRead here for an analysis of Tesla (TSLA) stock rally, Q2 performance, and long-term risk/reward as they report Q2 2024 earnings in after-hours session...
Continue ReadingThe second-quarter earnings season is here, and on July 25, Big Tech giant Amazon (AMZN) is scheduled to report its financial results. As a long-term AMZN stock bull, I’m confident the company’s positive momentum will persist in Q2, driven by its shift to higher-margin services, advancements in AI, and Amazon Web Services (AWS), its crown jewel. In this article, I’ll focus on expectations for the June quarter, and I’ll answer the following questions: how strongly has Wall Street projected Amazon...
Continue ReadingArtificial intelligence is front and center in discussions across businesses. Check out the three thoughts from recent earnings calls on AI and its impact...
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