Stock Market Midday, July 27: Dow Edges Higher as Nvidia Drop Weighs on Nasdaq
As of 11:38 AM ET, the Dow Jones Industrial Average (DJINDICES:^DJI) is up 0.13% to 52,017.19, while the S&P 500 (SNPINDEX:^GSPC) is down 0.33% to 7,387.76, and the Nasdaq Composite (NASDAQINDEX:^IXIC) has slipped 0.44% to 24,840.43 as tech pressure offsets optimism from cooling geopolitical tensions.
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Read MoreSemiconductor stock charts just formed this bearish shape that signals more potential losses
Tesla: Buy The Dip, Focus On Deliveries First And Margins Later
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With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups,
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Read MoreTesla Stock Breaks Down After Worst Week Since 2022, Charts Point to $296
Tesla (TSLA) stock closed last week at $313.03, down nearly 18% in five sessions and its steepest weekly loss since 2022. Two separate chart breakdowns now point to $296 as the next downside target.
The selloff erased the $350 support zone after second-quarter results paired record revenue with a steep profit miss.
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Read MoreStock Market Midday, July 30: Microsoft Soars 15%, Boosting Tech Stocks
As of 12.13 PM ET, the Nasdaq Composite (^IXIC +2.42%) is up 2.61% to 25,0810 as technology stocks rally, and the S&P 500 (^GSPC +1.32%) has gained 1.29% to 7,422.
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Read MoreThe Burst
Got $6,000, Here Is 1 Cheap Stock To Buy Now
It’s been something of a mystery how a company generating $30 billion in revenue and spitting out $5 billion in operating income is valued at just 2x sales yet that’s precisely the case with PayPal.
Across a host of metrics, PayPal seems like a cheap stock. For example, the price-to-earnings ratio is just 14x,
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Read MoreThe Ivy
Will New Buffett Buy 10x?
Last year, Warren Buffett surprised practically everyone when he acquired more than 30% of embattled internet radio giant Sirius XM (NASDAQ:SIRI).
At first, Buffett appeared to be taking advantage of an arbitrage opportunity, but subsequent purchases have suggested that the Oracle of Omaha is more interested in building a long-term position in Sirius XM.
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Read MoreThe Spotlight
Intel Horror Reveals Danger for Market
Predicted to reach a staggering trillion-dollar market size this year, the semiconductor industry has enjoyed a decade of continuous growth. Although high demand fuels the industry, supply constraints have challenged company financials.
Intel’s latest earnings report has given pause not only to its own shareholders but also to those of Nvidia and AMD.