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Welcome to Daily Discussion! This is the place for you to share your trading ideas and win coins!
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[Winners Announcement:19 Dec]
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Below are Today's Key Takeaways.
Top News Move the Market
The Dow Jones Industrial Average rose 15.37 points, or 0.04%, to 42,342.24, the S&P 500 fell 5.08 points, or 0.09%, to 5,867.08 and the Nasdaq Composite fell 19.93 points, or 0.10%, to 19,372.77.
$Micron Technology(MU)$ reported fiscal first-quarter adjusted earnings that beat analysts' estimates but a weak outlook for the company's current second quarter sent the stock down 16%. The largest U.S. maker of memory chips said it expects fiscal second-quarter adjusted earnings of between $1.33 and $1.53 a share on revenue between $7.7 billion and $8.1 billion. Analysts had been expecting adjusted earnings of $1.91 a share on revenue of $8.94 billion. "While consumer-oriented markets are weaker in the near term, we anticipate a return to growth in the second half of our fiscal year," said Chief Executive Sanjay Mehrotra. Fellow chip maker Western Digital fell 6.2%; it was downgraded to Hold from Buy by analysts at Benchmark.
$Quantum Computing Inc.(QUBT)$ was down 41%, a day after shares of the integrated photonics and quantum-optics technology surged 53%, boosting the stock's gain for the year to more than 2,700%. Earlier this week, Quantum Computing said it received a contract with NASA that would help support the agency's "advanced imaging and data processing demands." D-Wave Quantum plummeted 29%.
$Tesla Motors(TSLA)$ fell 0.9% after the stock tumbled 8% on Wednesday following the Fed's projections of fewer rate cuts next year. Even with the decline, coming into Thursday the stock remained up 75% since Election Day on Nov. 5, and up 76% for the year.
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All right, here is all the market information we would like to share with youοΌ
What news/movements are worth noting in the market today? Any stocks to watch?
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