YAHOO FINANCE CHARTBOOK 32 charts that explain markets and the economy right now Taipei Exchange - Delayed Quote • TWD (716843.TWO) Follow Compare 0.1500 +0.0100 (+7.14%) At close: July 23 at 9:47 AM GMT+8 Related News Stock market news today: Nasdaq sinks near 3% as Tesla, Alphabet earnings spark tech sell-off Disappointing Alphabet and Tesla earnings have stirred up worries that Big Tech's power to fuel stock market gains is fading. Why Tesla's high-growth Energy unit could be another Amazon Web Services As Tesla stock slumps post earnings on concern over profitability and new product reveals, one part of the business is surging: Tesla Energy. The hot AI trade is entering a danger zone: Morgan Stanley chief investment officer No stocks go up forever, and that includes hot AI names. Fed's soft landing chances 'open' but 'increasingly narrow' The S&P Global Composite PMI (Purchasing Managers' Index) preliminary print for July came out higher than expected at 55, with manufacturing PMI falling to 49.5 and services PMI rising to 56. This new piece of economic data, relatively in line with expectations, shows more signs that inflation may be on the path to the 2% target goal the Federal Reserve is looking for. What does this mean for the economy and for investors? JP Morgan global market strategist Hugh Gimber joins Catalysts to give insight into the recent PMI data and what it means for the Fed and for the broader market (^DJI, ^IXIC, ^GSPC). "What this really tells me is that the path to a soft landing for the Federal Reserve is still open, but it is increasingly narrow because when we start to analyze all of this economic data that's coming through, what you're looking for is the perfect combination of growth holding up just well enough to keep the economy moving forward, but not too well, and reigniting inflationary pressures," Gimber says. "And so when we translate that into how we think the Federal Reserve will be moving over the coming quarters, I think the case for them to start lowering interest rates is quite clear at this point." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino Visa stock falls on Q3 revenue miss, payment volumes Shares of Visa (V) are sliding after the credit card company missed revenue expectations and its payment volume growth slowed in its fiscal third quarter. Morning Brief hosts Seana Smith and Madison Mills break down Visa's earnings, what its payment volumes say about the state of the consumer, the different analyst ratings coming in after the report. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl Tesla, Alphabet Q2 results: The top 3 earnings takeaways Shares of Tesla (TSLA) and Alphabet (GOOG, GOOGL) are sinking in Wednesday's pre-market trading — and into regular trading hours after the market open — after investors were left unsatisfied with their respective earnings reports. Pras Subramanian and Dan Howley join Morning Brief to give their key takeaways from the two Magnificent Seven members' earnings calls. Tesla CEO Elon Musk announced that the company will reveal its robotaxis on October 10 after previously delaying the event. Tesla also announced that affordable EVs will start being produced in the first half of 2025. Finally, Subramanian notes that Musk was low-energy on the earnings call, making investors rather uneasy especially when he claimed he's not concerned about regulatory self-driving scrutiny. Howley notes that Alphabet shares are down because, despite beating on most metrics, YouTube ad revenue surprisingly fell short of estimates. The Google parent company spent $2.2 billion building AI models, up from $1.1 billion last year. This spending concerned some investors who are skeptical about whether these AI initiatives will be able to generate revenue. Finally, Howley notes that the cloud business is gaining steam while topping the $1 billion mark for operating profit for the first time. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl Tesla, Alphabet, LVMH under pressure on earnings: 3 Things Tesla (TSLA) stock is falling in pre-market trading after reporting mixed second-quarter earnings results on Tuesday, expecting a "notably lower" growth rate throughout 2024. Alphabet (GOOG, GOOGL) shares are also down in extended hours despite narrowly topping earnings estimates and seeing a promising performance from its cloud segment. French fashion company LVMH (MC.PA), the parent of brands such as Marc Jacobs and Dior, reports a pullback from core Chinese consumers, contributing to its second quarter revenue decline year-over-year. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan. Big Tech earnings won't be make or break for the stock market: Morning Brief For all the hand-wringing about the concentration of outsized gains in the hands of a magnificent few, stock bulls have two reasons to cheer as earnings season intensifies. Alphabet, Tesla report Q2 earnings: Market Domination Overtime On today's episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton break down the market close and some of the major Big Tech earnings. The major market averages (^DJI, ^IXIC, ^GSPC) closed just below their flatlines as stocks eyed second quarter earnings from Magnificent Seven members Alphabet (GOOG, GOOGL) and Tesla (TSLA). Google's parent Alphabet posted second quarter earnings that beat analyst estimates on both the top and bottom lines. The company reported earnings per share of $1.89 versus an estimate of $1.84. Revenue of $84.74 billion topped estimates of $84.37 billion, while revenue ex-TAC of $71.36 billion was better than the Street's expectations of $70.7 billion. CFRA Research senior equity analyst Angelo Zino characterizes the results as "solid," but notes that the it fell short of the significant beats investors have come to expect from Big Tech, describing it as "more of an in-line type quarter." Meanwhile, Tesla (TSLA) reported second quarter adjusted earnings per share of $0.52, missing Street expectations of $0.60. Free cash flow also fell short, $1.34 billion versus the estimated $1.92 billion. Revenue, however, was a beat of $25.50 billion versus the estimated $24.63 billion. Gross margin of 18% was better than the expected 17.4%. As investors wait to hear more about Tesla's robotaxi plans after delaying the launch, RBC Capital Markets global autos analyst Tom Narayan argues, "I know they said it had some design issues, but I do wonder, and many investors wonder, if it has to do with them trying to get regulatory approvals to launch a service similar to, let's say, Waymo or Cruise have." He says that investors "want something real" on this front, rather than "a bunch of PowerPoint slides." He continues, "When they eventually unveil this, I think they'll want details on timing, profitability, and they'll want something within six months to a year, not ten years down the road." This post was written by Melanie Riehl Small caps on the rise, commodities pressured: Market Trends Small-cap stocks (^RUT) are on the rise again after ending its five-day winning streak last week. This growth comes amid a number of Big Tech earnings, which have been the main market drivers so far this year. Meanwhile, commodities are under pressure as copper (HG=F) and crude oil prices (CL=F, BZ=F) continue to slip. Jared Blikre joins Asking for a Trend to break down some of the major takeaways from the trading day. For more expert insight and the latest market action, click here to watch this full episode of Asking For A Trend. This post was written by Melanie Riehl Why Ford is a buy, but Tesla is risky: Good Buy or Goodbye On today's segment of Good Buy or Goodbye, host Julie Hyman is joined by Barron's associate editor Al Root to discuss the best and worst stock picks within the auto sector. Root recommends buying Ford (F), citing notable relative share performance and successful business re-segmentation. He highlights the Pro business's "consistency of profits... with service and sales" and points to a recovering auto market, stating, "Things should continue to get better." However, he cautions investors about two primary risks for Ford: continued EV losses and business execution challenges. On the other hand, Root advises investors to avoid Tesla's (TSLA) stock. He expresses concern over the company's high valuation, stating, "I don't see how... this stock has a tremendous second half of 2024." Root also worries about Musk overpromising on projects like robotaxi and lower-priced EVs, warning that unfulfilled promises could lead to "a big disappointment for the market." Despite these concerns, Root acknowledges an impressive robotaxi event could positively impact the stock. This post was written by Angel Smith Former Tesla humanoid head launches a robotics startup Robotics startup Mytra has been quietly operating behind the scenes since its May 2022 founding in a bid to rethink warehouse automation. The outfit brings a solid pedigree to the table, founded by automotive vets from EV firms, including Tesla and Rivian. Warehouse/fulfillment has been a white-hot category for automation since the pandemic hamstrung the global supply chain in ways that are still being felt. It’s a highly competitive space as well, with big names like Amazon, Locus and Zebra/Fet Alphabet earnings top estimates as cloud business gains steam, AI losses grow Alphabet announced better-than-anticipated earnings and revenue for the second quarter, as its Google Cloud business continues to pick up steam. US home sales dip, Secret Service director resigns: Catalysts On today's episode of Catalysts, hosts Seana Smith and Madison Mills break down the trading day's biggest stories from the latest data on existing home sales to the resignation of US Secret Service Director Kimberly Cheatle. June's existing home sales data revealed a sharper decline than economists had anticipated. According to a report from the National Association of Realtors (NAR), sales dropped 5.4% month-over-month to 3.89 million units, falling short of the 3.2% decrease to 3.98 million units initially predicted. The current sales level represents the lowest point since December 2023. Kristina Hooper, Invesco's chief global market strategist, attributes the housing market's challenges to the Fed's tightening cycle, which she says created "golden handcuffs" and forced affordability issues. However, she believes the Fed recognizes these housing market concerns, and she is optimistic about the possibility of two rate cuts in 2024, even suggesting "there is a potential for three." The Russell 2000 (^RUT) index is under pressure after seeing a five-day winning streak last week. F.L. Putnam Investment Management Co. chief market strategist and portfolio manager Ellen Hazen argues that the small-cap rally was "premature," and notes that small-cap earnings revisions for the next year keep decreasing while S&P 500 (^GSPC) earnings revisions keep increasing, saying, "So what looks like a cheap valuation is not as cheap as it looks." Yahoo Finance reporters Dan Howley and Pras Subramanian break down the top areas investors should focus on from Alphabet's (GOOG, GOOGL) and Tesla's (TSLA) latest earnings. Meanwhile, pharmacy benefits manager (PMB) executives are testifying before Congress about the price of prescription drugs and how they can be lowered. Some of the questions being asked are in regards to pricing, rebates, and the role of the middle man between pharmacies and drug makers. Yahoo Finance senior health reporter Anjalee Khemlani breaks down the testimonies before Congress from leading PMB executives and what it means for their operations moving forward. US Secret Service Director Kimberly Cheatle resigned from her post on Tuesday, according to several reports, after testifying before House lawmakers on the assassination attempt on former President Donald Trump's life last week at a campaign rally in Pennsylvania. This post was written by Melanie Riehl General Motors CFO, Yahoo Finance Chartbook: Morning Brief US equities (^DJI, ^IXIC, ^GSPC) are looking ahead to the Big Tech earnings due out later today: Alphabet (GOOG, GOOGL) and Tesla (TSLA) are reporting second quarter results after Tuesday's market close. Seana Smith and Madison Mills kick off the trading session for investors seeking to catch up on the biggest market themes. As part of the Yahoo Finance Chartbook, BMO Capital Market chief investment strategist Brian Belski joins the program to talk about the rotation out of Big Tech megacap stocks into small and mid-caps and the drawdown he forecasts for the S&P 500. General Motors (GM) CFO Paul Jacobson sits down with Yahoo Finance executive editor Brian Sozzi to talk about the American vehicle maker's second quarter earnings results and its EV strategy as it sees demand slowdown in China's auto market. Other top trending tickers on the Yahoo Finance platform include cryptocurrency ethereum (ETH-USD) as several spot ether ETFs begin trading, Delta Air Lines (DAL) on a Department of Transportation probe, Spotify (SPOT), Lockheed Martin (LMT), and GE Aerospace (GE). This post was written by Luke Carberry Mogan. Lamb Weston Stock Swoons as Demand for Frozen Potatoes Softens Lamb Weston CEO Tom Werner said he was "disappointed" by the company’s fourth-quarter results, which missed profit and revenue expectations, and issued a warning about fiscal 2025. Google Delivers Mixed Q2 Results As Margins, Search Ads Beat, YouTube Misses Google stock fell after parent Alphabet reported mixed Q2 results as the search ad business and cloud computing unit topped views but YouTube missed. Lamb Weston Forecasts Fiscal 2025 Earnings Decline After Weaker-Than-Expected Fourth-Quarter Results Lamb Weston Forecasts Fiscal 2025 Earnings Decline After Weaker-Than-Expected Fourth-Quarter Results Tesla Stock Dives As Analysts Weigh In After Earnings Miss. EV Giant Not A 'Trump Trade.' Tesla got several price target cuts and a downgrade after its earnings miss. The EV giant is not a "Trump trade," an analyst noted. Bausch Health Responds to Market Rumors LAVAL, QC / ACCESSWIRE / July 24, 2024 / Bausch Health Companies Inc. (NYSE:BHC)(TSX:BHC) (the "Company") has become aware of a news article issued by Reorg® today, citing unnamed sources. The article contains unsubstantiated rumors, including that ...
