Tesla Robo Talk Helps Rebound, but Most Stocks Falling. | Moovers
Morning mooers! It is Wednesday, April 23rd, and the market is open and reaching for the green, but by the numbers, most equities are red. My name is Kevin Travers, and here are your morning moovers today:
MOOVERS
$Tesla (TSLA.US)$ climbed 11% after its Tuesday night earnings showed EPS and revenue lower by $2B than expected. During the firm's earnings call, Tesla Chief Elon Musk said they would announce a robotaxi app on Aug 8th.
$Old Dominion Freight Line (ODFL.US)$ was the largest decliner on the S&P 500, down 13% after missing revenue expectations by about $20M this morning.
$Boeing (BA.US)$was the largest gainer on the Dow Jones,up after the firm's quarterly loss reported this morning beat expectations by $0.30/share, at just -$1.13.
SECTORS
In Sectors, five of the top eight included Tesla, pulling up Space +8.71%, EV Charging +7%, and ARK Holdings +7%. Tesla pulled down some taxi stocks, like Uber and Lyft, on the news they would compete soon.
RECAP
Indexes opened mixed on morning earnings.
The $S&P 500 Index traded flat at the time of writing around 11 AM EST. The $Dow Jones Industrial Average traded -0.18% EST. The $Nasdaq Composite Index climbed 0.42%.
MACRO
$U.S. 2-Year Treasury Notes Yield (US2Y.BD)$ fell to 4.93 this morning after hitting 5% briefly last week, the $U.S. 10-Year Treasury Notes Yield (US10Y.BD)$ climbed slightly to 4.64.
Wednesday morning, US Mar. Durable Goods Orders MoM came in at 2.6% vs 2.5% Forecast.
The S&P Manufacturing PMI came out Tuesday morning at 49.9 compared to estimates of 52, a reading below 50 points tends to indicate a contraction in the activity level of purchasing managers in the manufacturing sector. Investors can expect further macro numbers this week: Q1 GDP updates will be released on Thursday, and the PCE, the Fed's favorite inflation indicator, will be released on Friday.
Last week, Fed's Powel warned rates would have to stay in place until the Fed was sure of the results, and that next year we would "know more."
Yesterday, user @THEWIZARD was watching S&P Futures and thought it was a good time to bet they would go down.
Mooers, what are you watching today? Comment below and I will feature you tomorrow.
Disclaimer: This presentation is for informational and educational use only and is not a recommendation or endorsement of any particular investment or investment strategy. Indexes are unmanaged and cannot be directly invested in. Past performance is no indication of future results. Investing involves risk and the potential to lose principal. Investment information provided in this content is general in nature, strictly for illustrative purposes, and may not be appropriate for all investors. It is provided without respect to individual investors’ financial sophistication, financial situation, investment objectives, investing time horizon, or risk tolerance. You should consider the appropriateness of this information regarding your relevant personal circumstances before making any investment decisions. Past investment performance does not indicate or guarantee future success. Returns will vary, and all investments carry risks, including loss of principal. Moomoo makes no representation or warranty regarding its adequacy, completeness, accuracy, or timeliness for any purpose of the above content. See thislinkfor more information.
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Moomoo News and Community Manager
Moo moo News and Community Manager, NJ Office.
Fmr CNBC contributor, reporter/investor/trader
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gab3x : this is great update. short & simple. would love to get more infos on other sector such as etf, commodities such as hold, silver etc and also crypto as well. it would be great to have 1 overall update for all the potential investment available in Moomoo
Kevin TraversOP gab3x: Thank you friend, I will work on the sector updates for a greater view!
BiGEAGLE719 : How can you possibLy say that ROBO TAXi won’t heLp TESLA ?
( aLL good i’LL take your 
) #THANKYOU #COMEAGAiN