The Daily Editor

Photo by BeInCrypto Tesla (TSLA) stock trades near $394 as two maturing chart patterns approach resolution. A weekly cup and handle and a daily symmetrical triangle both suggest a decisive move within days or weeks. Volume keeps contracting on both timeframes, while the Relative Strength Index (RSI) sits near 50 on each. That balance leaves Tesla stock pinned between $470 resistance and $350 support.

 » Read more about: Tesla Stock Chart Pattern Points to $759 — a 92% Move From Here  »

Sensex Today | Stock Market LIVE Updates: The markets are en route to flip this week from red to green, as the Nifty surges over 200 points, rising above the 24,150 mark. The Nifty Bank is also surging, jumping over 500 points. TCS, Tech Mahindra, Infosys and Wipro are the top gainers in the tech advance.Sensex Today | Stock Market LIVE Updates: The bulls look eager to close the week in the green as the market recovers from the mid-week mayhem on the last day of trade of the week.

 » Read more about: Sensex Today | Stock Market LIVE Updates: Nifty surges to 24,200; Jio Financial up 3.50%  »

By all accounts, the stock should be up. Deliveries and production of its electric vehicles (EVs) were both up sequentially and year over year, handily topping analysts’ expectations.Yet Tesla (TSLA +3.06%) shares tumbled on Thursday after its report showed it delivered 480,126 EVs during the three months ending in June while also manufacturing 451,758 automobiles.

 » Read more about: Tesla’s Solid Q2 Delivery Report Sent Elon Musk’s Stock Down 6%. What Happened?  »

Investor sentiment towards equity mutual funds improved in June, with net inflows into actively managed equity schemes rebounding sharply after touching the lowest level of the year in May. Fresh investments increased across most equity fund categories, led by mid-cap, flexi-cap and large-cap funds, while gold exchange-traded funds (ETFs) staged a strong comeback and systematic investment plan (SIP) contributions remained above the Rs 31,000-crore mark.Advertisement

According to monthly data released by the Association of Mutual Funds in India (AMFI),

 » Read more about: Equity mutual fund inflows rebound to Rs 28,973 crore in June; SIPs top Rs 31,700 crore  »

This article was written by13.52K FollowersFollowThe Value Pendulum is an Asian equity market specialist with over a decade of experience on both the buy and sell sides.He is the author of the investing group Asia Value & Moat Stocks, providing ideas for value investors seeking investment opportunities listed in Asia, with a particular focus on the Hong Kong market.

 » Read more about: Woori Financial: Assessing Potential Interest Rate And AI Tailwinds  »

US stocks diverged at the open on Friday as investors awaited SK Hynix’s (000660.KS) US listing, viewed as a test for the AI trade, and monitored traffic through the Strait of Hormuz. The Dow Jones Industrial Average (^DJI) gained 0.2%, while the S&P 500 (^GSPC) traded roughly flat. The tech-heavy Nasdaq Composite (^IXIC) also hovered below the flat line following a winning day on Wall Street.

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq waver ahead of SK Hynix’s mega US IPO  »

By DAMIAN J. TROISE, AP Business Writer

NEW YORK (AP) — SK Hynix, one of the world’s largest makers of memory chips, is hitting the U.S. stock market at a time when demand for its chips is outpacing its ability to make them thanks to the frenzy over artificial intelligence.

 » Read more about: SK Hynix hits the US stock market as demand for memory chips soars amid AI frenzy  »

Greg Abel‘s first quarter running Berkshire Hathaway‘s equity portfolio produced one of the most dramatic reshuffles the conglomerate has seen in over a decade. 

The new CEO initiated or significantly expanded positions in five stocks while dumping 16 others, shrinking total holdings from 42 to just 29 in a single quarter.

 » Read more about: Warren Buffett successor triggers massive stock portfolio shakeup  »

 » Read more about: Is It Worth Investing in Star Bulk Carriers (SBLK) Based on Wall Street's Bullish Views?  »

Cboe Global Markets is preparing to launch options on SK Hynix’s (USOTC:HXSCL) U.S.-listed shares two business days after the stock begins trading on the Nasdaq, according to a source familiar with …

 » Read more about: Cboe Expects SK Hynix Options to Begin Trading Shortly After Nasdaq Debut  »