US stocks started the third quarter with positive factors

1 hour 20 minutes ago

beneficiary

Tesla (TSLA) stock rose 6.1%, the highest efficiency of any S&P 500 characteristic in the first buying and selling hours of the third quarter. Strong times for Tesla come later than fellow electric vehicle (EV) makers NIO (NIO) launched an all-time best offering for car delivery in June. China-based Nio’s American Depositary Receipt (ADR) was up 6.7% on Monday. Tesla is set to file its private supply figures on Tuesday.

merck (MRK) shares rose 3.3% after the pharmaceutical giant announced it will acquire exclusive rights to develop and commercialize opavasostat, a compound that is being investigated to treat certain types of prostate cancer.,

stock of Apple Apple Inc. (AAPL) gained 2.9% amid reports that the tech giant may raise prices for its high-end iPhones as a way to maintain more attractive pricing on low-end models. According to Needham analysts, this strategy could help Apple grow its user base without jeopardizing its relationship with high-end consumers, who tend to be less cost sensitive. The potential price change comes amid stories that Apple’s share of the US and China smartphone markets has declined markedly.

deniers

Stocks in cruise operators sank amid concerns that Typhoon Beryl, which has intensified into a Division 4 hurricane, could disrupt voyages in the Caribbean. Norwegian Cruise Series Holdings (NCLH) shares fell 5.9%, the heaviest loss in the S&P 500. Carnival Corporation (CCL) shares were not far behind with a decline of 5.4%. Warm ocean temperatures have prompted meteorologists to predict stronger hurricane seasons in the past.

Peace Shares Elsewhere, online casino shares declined. The decline in the gambling industry came later, with gaming revenue from Asian gaming hotspot Macau falling short of consensus estimates in June and reaching its lowest level in 2024. caesar holiday (CZR) 5% was sick, date MGM Motel (MGM) shares declined 3.6%.

stock of warner bros discovery (WBD) fell 4.6% after reports that the entertainment giant could envision a merger between its popular Max carrier and the Paramount+ streaming platform owned by Apple. Paramount International (para). Paramount International fell 2.4%.

,Michael Bromberg

3 hours 17 minutes ago

Tesla (TSLA) shares surged Monday on optimism that the electric car (EV) maker will report second-quarter supply figures tomorrow.

Chinese language demand is “slowly turning around” and led to a “mini rebound” for the company in the second quarter, according to Wedbush Securities analysts led by bull Dan Ives.

Site Alpha’s flow consensus is for slightly less than 439,000 deliveries; The company reported about 387,000 for the first quarter.

Tesla shares were up more than 6% in late trading, but have fallen 15% so far in 2024.

,challan mccall

4 hours 23 minutes ago

GameStop (GME) stock fell more than 4% in intraday trading Monday as investors reacted to information about Keith Gill, the investor dubbed “Roaring Kitty” who is one of the meme-stock’s most prominent drivers. there was one. The overdue craze of 2020 and early 2021.

Gill is facing a potential class-action lawsuit, filed under the overdue closing generation, over alleged manipulation of GameStop’s percentage price. Traders may also consider Gill moving away from video-game stores following news of his 6.6% stake in Online Puppy Bind Chewy (CHWY).

,challan mccall

5 hours 53 minutes ago

Shares of Trump Media & Generation Staff (DJT) surged in intraday buying and selling Monday after the Fact Social platform landlord was added to the Russell 3000 and Russell 1000 indexes as part of their annual changes.

The former president’s media company will likely remain included in the index until the next annual rebalancing in June. This past change was later finalized after markets closed Friday and took effect Monday morning, with Trump Media joining dozens of other companies in the index.

The Russell 3000 tracks the largest companies traded on American stock exchanges by market capitalization, and is the core of the smaller Russell 2000 and Russell 1000 indexes, which track the base two-thirds and dominance 3 of the larger indexes, respectively. .

Trump Media shares have experienced significant volatility since the company merged with Virtual Global Acquisition Corp. and became a public company in March.

7 hours 22 minutes ago

Shares of Nio (NIO) surged on Monday after the Chinese electric car maker reported a second consecutive generation of record deliveries. The scoop lifted stocks of rival EV producers.

Nio said it delivered 21,209 cars in June, nearly double the previous June and a record high.

Nio’s US-listed American depositary stocks were recently up more than 5%. Li Auto (LI) and Xpeng (XPEV) are additionally complicated as EV companies have additionally begun deliveries.

Stocks of Tesla (TSLA) and Rivian Cars (RIVN) were also higher. Rivian has secured multibillion-dollar funding from Volkswagen closing generation.

-Invoice McCall

8 hours 32 minutes ago

Powered by artificial intelligence (AI)-themed stocks, the technology ranges from chipmakers powering technology to providing power for energy-hungry data centers in the region. Including utility companies, the large-cap S&P 500 rose 3.9%. AI infrastructure.

These are important things to consider given the importance of chart ranges in the quarter ahead.

The index probably needed to reach an untouched record high in the middle and traded in a thin channel for several weeks before moving on an upward pattern at the June maximum.

Recent additions. Several technical signals point to a slowing of the upward momentum. Initially, a bearish trend appeared on the charts on Friday. This price formation marks a change in psychology among market participants and warns of a potential reversal. Additionally, as the S&P 500 made the next closing high, the Relative Energy Index (RSI) made outrageous highs to create a technical retracement between the cost and the indicator, additionally signaling a weakening of long-term purchasing power.

The primary stage to watch sits at 5,340, a branch on the chart that could be aided by the horizontal order that connects a form of price movement between May and June. A run below this stage could see the index revisit the key 5,250 patch, where it could potentially encounter buying passion near the 50-day moving average, which aligns closely with the horizontal trendline that should provide resistance. Has flipped to offer. help. Finally, an additional significant retracement could see a test of the mid-April low at 4,954.

-Timothy Smith

10 hours 15 minutes ago

Positive Factors:

• Chewy (CHWY): The Webb puppy store is hovering 12% after Keith Gill, sometimes known as “Roaring Kitty,” disclosed a roughly 6.5% ownership stake of Chewy stock in an SEC filing. Gill’s post on X, formerly Twitter, led fans to imagine that he had invested in another pet-related corporate like Chewy or Petco (WOOF).
• Spirit AeroSystems (SPR): Shares of the aerospace parts maker rose 4.5% after Boeing (BA) announced the finalization of a trade deal to acquire the company.
• Li Auto (LI): The Chinese electric car maker rose 3% as it was one of several EV makers to report supply and production numbers for June Monday morning.

Loss:

• GameStop (GME): Shares of the online game store fell more than 7% as the market reacted to Gill’s disclosure of its Chewy shares. Alternative meme stocks like AMC Entertainment (AMC) and Tupperware (TUP) also traded depreciated.
• Micron Generation (MU): Micron is on a downward trend with a decline of 0.8%, which continues since its disappointing earnings record closing generation led to its inventory along with others in the tech world like Nvidia (NVDA). Has influenced.

10 hours 34 minutes ago

Futures tied to the Dow Jones Business Standard were up 0.2%.

S&P 500 futures were up 0.3%.

Nasdaq 100 futures also rose 0.3%.