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1.Here are the 6 Tigers whose post has the best quality & interaction yesterday: @nerdbull1669 @JacksNiffler @NAI500 @OptionsAura @JC888 @Barcode
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Can Mega-Cap Stock Amazon Repeat 2023's Gains in 2024?
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2.Here are the stocks mentioned by the above Tigers: $Amazon.com(AMZN)$ $Micron Technology(MU)$ $Meta Platforms, Inc.(META)$ $NVIDIA Corp(NVDA)$ $Alphabet(GOOG)$ $Tesla Motors(TSLA)$ $Microsoft(MSFT)$ $Bank of America(BAC)$ $Wells Fargo(WFC)$ $UBS Group AG(UBS)$ (Not investment advice)
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Below are Today's Key Takeaways.
Top News Move the Market
U.S. stocks ended Thursday around the unchanged mark as investors awaited fresh inflation data, with the Nasdaq able to eke out a slight gain after data showed a continued slowdown in economic activity, raising investors' hope for rate cuts.
Micron Technology reported fiscal third-quarter adjusted earnings and revenue that beat analystsβ expectations but shares of the memory-chip maker fell 7.1% as revenue guidance for the current fourth quarter only matched estimates. Micron earned 62 cents a share on an adjusted basis in the quarter, better than forecasts of 48 cents. The company said it expects fiscal fourth-quarter revenue of $7.6 billion at the midpoint of its guidance range, just better than consensus at $7.59 billion, with adjusted profit of $1.08 a share, compared with Wall Street estimates of $1.02.
Amazon.com rose 2.2% to $197.85, and earlier in the session hit an all-time high of $199.83. The stock finished trading Wednesday with a market cap of more than $2 trillion for the first time, becoming the fifth company to reach the milestone.
Nokia (NOKIA.HE), opens new tab will acquire Infinera Corp (INFN.O), opens new tab in a deal with an enterprise value of $2.3 billion, the companies said on Thursday, as the Finnish firm looks to expand its optical network business, especially in the North American market.Shares of Infinera surged nearly 22%. The deal price of $6.65 per share represents a premium of 26.4% to Infinera's closing price of $5.26 on Thursday.
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