Last Friday, shares of $Serve Robotics Inc.(SERV)$ , an AI-powered autonomous delivery robot company, soared 187%, and continued to climb 16.2% on Monday, resulting in a whopping 233% surge over two trading days. The rocket fuel? $NVIDIA Corp(NVDA)$ revealed it had acquired a 10% stake (3,727,033 shares) in SERV. The company made its $NASDAQ(.IXIC)$ debut on April 18, 2024, at $4 per share, with 37.1 million shares out standing. Prior to NVIDIA′ s disclosure on Thursday, the stock was trading at $2.63. By Monday's close, it had skyrocketed to $8.77. Before this, SERV traded on the OTCQB Venture Market.What does SERV do?Originally spun off from food delivery gian
Institutional Support Propels MRK to Outperform Dji in 2024
In 2024, as $DJIA(.DJI)$ crept upward, the global pharmaceutical giant $Merck(MRK)$ has shone brightly, with its stock price soaring 16.8% year-to-date, comfortably outpacing the index.This surge is fueled primarily by institutional support, evidenced by billionaire Kenneth Griffin's Citadel Advisors snapping up 1.25 million shares of Merck in Q2 2024.Keytruda: The Growth CatalystAt the heart of its recent success lies Keytruda, a blockbuster cancer immunotherapy drug. Keytruda maintains its first-mover advantage in treating first-line non-small cell lung cancer, solidifying its position as the best-in-class therapy in immuno-oncology.Analysts forecast a robust revenue growth of 14.7% for Merck in 2024 and
Here's Why Google Fell Despite The Q2 2024 Earnings Outperformance
Summary Google continues to be well-positioned in the AI play, with robust Q2 results in its core Search advertising business and persistent momentum in Cloud monetization. The latest earnings outperformance continues to assuage previous concerns about AI-driven cannibalization of Google's search dominance, and reinforces its reputation in actively monetizing the nascent technology. However, the stock's post-earnings response continues to highlight the increasing disparity between Google's fundamental outlook and its valuation premium at current levels. 400tmax Google (NASDAQ:GOOG/NASDAQ:GOOGL) has been one of the biggest gainers this year, alongside digital advertising peer Meta Pla
Remember $CrowdStrike Holdings, Inc.(CRWD)$ big oops last Friday? Well, the saga continues, and it's not looking good. Quick recap: • Friday: CrowdStrike's update crashes systems worldwide • Monday: They offer a $10 gift card as an apology Sounds nice, right? Wrong. By Wednesday, things got even messier: • People tried to redeem their $10 "sorry" gift cards • Surprise! Many got error messages saying the voucher was canceled • TechCrunch checked and found the Uber Eats page showed the gift card as "canceled by the issuing party" CrowdStrike has not response to this new hiccup yet. From a global outage to a botched apology, CrowdStrike seems to be digging itself deeper. Is this a case of "when it rains, it pours" or a sign of bigger is
Elliott Wave Intraday Analysis: Ethereum (ETHUSD) Pullback In Progress
Short Term Elliott Wave View in Ethereum (ETHUSD) suggests the impulse sequence ended at $3562.6 high started from 7.05.2024 low. Below there, it favors corrective pullback in wave (2). In daily sequence, it ended ((4)) correction at $2811 low as double three structure against November-2022 low. Above ((4)) low, it ended wave (1) rally at $3562.6 high as the part of ((5)). Within (1), it placed 1 at $3081.6 high and 2 at $2824 low as dip pullback. It resumed higher in 3 as extended wave, ended at $3517.2 high as 2.618 Fibonacci extension of 1. Within 3 of (1), it placed ((i)) at $3213.6 high, ((ii)) at 3048.9 low, ((iii)) at $3499.1 high, ((iv)) at $3350 low & ((v)) at $3517.2 high. It placed 4 as 3 swing pullback at $3368.5 low and 5 as diagonal sequence ended at $3562.6 high as
in past seasons, I'd stay up late and bet on stocks surging after earnings calls, but this season I'm taking a different approach. The market's too volatile, so I'm choosing to get a good night's sleep instead. I'll stick to my dollar-cost averaging strategy, investing consistently regardless of the market's direction. If there's a big drop, I'll even consider buying more at a discount.
Even people think it will grow a year from now but still wondered not to BUY more shares today.As there are short-term expectations on $Tesla Motors(TSLA)$ to dip around $200.ImageI own $Tesla Motors(TSLA)$ i will never short $Tesla Motors(TSLA)$ and I'm very happy I do because the risk to reward is extremely good...BUT It's a tricky one to gauge because you have to balance the reality of today with the potential of the future. The reality today after earnings is: - Revenue growth slower than the rate of inflation - -7% automotive revenue - Gross margin contraction - 39% in operating expenses - 333bp operating margin contraction YoY - 426bp EBITDA margin contract
$Sea Ltd(SE)$ Sea Limited is an appealing investment due to its three fast-growing operating segments. The digital entertainment segment, known as "Garena," consistently generates positive earnings before interest, taxes, depreciation, and amortization (EBITDA). Garena's major driver is Free Fire, one of the world's most popular mobile games. In the first quarter, Garena boasted nearly 595 million quarterly active users, with 8.2% of them paying to play, a rate significantly higher than the industry average for mobile gaming. Sea's second rapidly growing segment is SeaMoney, its digital financial services arm. Many countries where Sea operates are chronically underbanked, with limited access to basic financial services for businesses a
Align Tech is under FX headwind, down 4% as guidance miss
$Align Technology(ALGN)$ reported Q2 2024 financial results on July 24 after the bell.Performance for the current periodRevenue: total revenue was $1,028.5 million, up 2.6% year-over-year and 3.1% sequentially.Of this, Clear Aligner (clear braces) revenue under the Invisalign brand was $831.7 million, up 1.8% year-over-year.Profit: non-GAAP operating margin was 22.3%, up 1% year-over-year and 2.5% sequentially, with net income of $147.0 million, or $1.28 per diluted share.In terms of operating results, sales of Clear Aligners clear braces increased 3.2% year-over-year and 6.2% sequentially.There was significant growth in adult patients and teenage patients, especially in Asia Pacific, EMEA (Europe, Middle East and Africa) and Latin America.As for
Option Movers|Tesla $215 Put Volume Surges As Stock Plunges 12%; Chipotle's Volume Surges 237%
The S&P 500 and Nasdaq ended at multi-week lows on Wednesday(July 24), with the S&P snapping one of its longest streaks without a daily decline of more than 2%, as lackluster Alphabet and Tesla earnings undermined investor confidence in megacap names.Regarding the options market, a total volume of 49,837,577 contracts was traded, up 47% from the previous trading day.Top 10 Option VolumesTop 10: $Nvidia(NVDA)$, $Tesla(TSLA)$, $Apple(AAPL)$, $AMD(AMD)$, $Amazon(AMZN)$, $Sirius XM(SIRI)$, $Pala
Oil (CL) Turning Lower in Elliott Wave Impulsive Structure
Short Term Elliott Wave View in Oil (CL) suggests that cycle from 4.12.2024 high is in progress as a 5 waves impulse Elliott Wave structure. Down from 4.12.2024 high, wave (1) ended at 72.48 and rally in wave (2) ended at 84.55. The commodity has turned lower in wave (3) with internal subdivision as another impulse in lesser degree. Down from wave (2), wave (i) ended at 83.07 and rally in wave (ii) ended at 83.45. Oil then extended lower in wave (iii) towards 81.25 and wave (iv) ended at 82.16. Final leg wave (v) ended at 80.81 which completed wave ((i)) in higher degree. Wave ((ii)) unfolded in an expanded flat structure where wave (a) ended at 83.74. Wave (b) lower ended at 80.22, and rally in wave (c) ended at 83.82 which completed wave ((ii)). Oil has turned lower in wave ((iii)). Down
Hello everyone! Today i want to share some earning reports with you!1. $ServiceNow(NOW)$ reports their earnings after the bell, marking the first major SaaS player to do so this cycle. This could be a good indicator of how software stocks will perform -- here's what you need to know 🧐 IntroductionServiceNow has cemented its position as a leader in enterprise software -- focusing on IT service management (ITSM), IT operations management (ITOM), and comprehensive business workflow automation. Its advanced platform transforms outdated manual processes into streamlined digital workflows, enhancing efficiency and responsiveness -- key attributes in today's era of digital transformation.The company's solutions are integral for integrating complex busines
Biotech ETF (XBI) Rallied from the Blue Box Hitting Target
The SPDR S&P Biotech ETF (XBI) is an exchange-traded fund that tracks the biotechnology segment of the S&P Total Market Index. This ETF allows investors to gain exposure to large, mid, and small-cap biotech stocks. If you’re interested in biotechnology, XBI could be worth exploring further. Here are some of its top holdings and their percentage weights: United Therapeutics Corporation (UTHR): 2.92%. Exact Sciences Corporation (EXAS): 2.91%. Gilead Sciences, Inc. (GILD): 2.89%. Sarepta Therapeutics, Inc. (SRPT): 2.87%. Amgen Inc. (AMGN): 2.84%. Alnylam Pharmaceuticals, Inc. (ALNY): 2.65%. Regeneron Pharmaceuticals, Inc. (REGN): 2.64%. Vertex Pharmaceuticals Incorporated (VRTX): 2.60%. AbbVie Inc. (ABBV): 2.60%. BioMari
Toll Brothers (TOL) Should Pull Back Soon Providing Another Opportunity
Toll Brothers, Inc., (TOL) designs, builds, markets, sells & arranges finance for the range of detached & attached homes in Luxury residential communities in the United States. It also owns & operates architectural, engineering, mortgage, title, land development, insurance, smart home technology, landscaping, lumber distribution, house component assembly & manufacturing operations. It is headquartered in Fort Washington, comes under Consumer Cyclical sector & trades as “TOL” ticker at NYSE. TOL favors upside in I of (III) & expects small upside in ((5)) before starts correcting in II sequence against October-2022 low. We like to buy the next pullback of II in 3, 7 or 11 swings at extreme areas. TOL – Elliott Wave Latest Daily View: TOL – Elliott Wave Latest Da
Bitcoin Perfectly Reacting Higher From Elliott Wave Blue Box Area
In this technical blog, we will look at the past performance of the Daily Elliott Wave Charts of Bitcoin ticker symbol: $BTCUSD. We presented to members at the elliottwave-forecast. In which, the rally from the 21 November 2022 low is unfolding as an impulse structure. Showing a higher high sequence favored more upside extension to take place. Therefore, we advised members not to sell the crypto & buy the dips in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: Bitcoin Daily Elliott Wave Chart From 6.30.2024 Bitcoin Perfectly Reacting Higher From Elliott Wave Blue Box Area Here’s the Daily Elliott wave chart from the 6.30.2024 weekend update. In which, the cycle from the 9.11.2023 low ended in wave ((3)) at $73794 high. Down from t
Summary - 07/24/2024$Tesla Motors(TSLA)$ Upside: 1/ EV adoption +20%-25% per yr 2/ EPS est trend likely to bottom 4Q 3/ Fed starts cutting int rates in 2024 4/ Higher FSD take rates/licensing deal 5/ $25K-$30K Compact launch FY’25 6/ Energy profits could 10x by 2030 7/ Likely first to market with unsupervised generalized robotaxi FY’25 8/ Optimus production begins FY’26 Downside: 1/ Judge McCormick may not ratify comp plan; DE Supreme Court timing uncertain 2/ Auto gross margins ex-reg credits may not have bottomed 3/ TSLA at highest P/E in two years 4/ Regulatory risk on FSD/Autonomy
$Tesla Motors(TSLA)$ I should clarify: Adam Jonas doesn't actually think this is the peak for GM. He gets paid to ensure his company's Tesla position stays strong and to sow doubt in competitors. The fact is GM is killing it, is having objectively strong performance and will continue to for the foreseeable future, had a beat, beat, raise and will likely do so again next q. And Tesla is going to continue to struggle with collapsing demand for their maga machines.
Tesla makes one of the biggest daily drop in it's history today. And at the moment there seems to be some bounce. But I think it is only a temporary bounce created by day traders who have shorted the stock. I am staying with my price target of $170 as the real base. This is because a month ago, this was where Tesla begun the FOMO indused run created by Elon Musk talking about Robotaxi and 8/8 first view. Now that robotaxi has been delayed to October, should Tesla not go back to the starting point? Especially after this dismay quarterly result?
Here are the positive reasons investors should consider buying$Tesla Motors(TSLA)$ -10% today: 1/ Elon reaffirmed that the more affordable ($25-$30K) TSLA vehicle will start deliveries in 2025/1H. This is classic TAM expansion by leveraging a premium brand to lower-price segments. Elon was deliberately vague to prevent Osborne effect on more expensive models. 2/ Robotaxi event on 10/10 will instill confidence in investors that TSLA will be first to introduce generalized unsupervised FSD. 3/ TSLA Energy business continues to soar: TSLA 2Q Energy gross profits increased +200% vs 2023/2Q. In 2Q Energy was 16% of TSLA gross profits vs 11% in 1Q. 4/ We expect at least one other OEM will give up on autonomy and in