Jadenkho
2022-11-14


Megacap stocks came on strong last week, but from off or near bear-market lows. $Apple(AAPL)$ Apple and  Microsoft $Microsoft(MSFT)$ reclaimed their 50-day moving averages.

One laggard is Tesla stock, which hit a two-year low last week. $Tesla Motors(TSLA)$ Tesla is under pressure from CEO Elon Musk's wild start to owning Twitter. Meanwhile, concerns about China demand continue, even after an Oct. 24 price reduction and a recent return of insurance subsidies.

Graphics and data-center chip giant NVIDIA$NVIDIA Corp(NVDA)$ headlines a still-active earnings season. Strong Nvidia earnings and guidance, along with results from semiconductor equipment maker Applied Materials $Applied Materials(AMAT)$ , could keep the chip rebound going, a positive sign for the market rally. NVIDIA stock has rallied powerfully over the past four weeks, but is still well below its 200-day line.

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Comments

  • Tracy3688
    2022-11-14
    Tracy3688
    thanks for sharing
  • PandoraHaggai
    2022-11-17
    PandoraHaggai
    Can NVDA surprise us with its next earnings report?
  • HilaryWilde
    2022-11-17
    HilaryWilde
    Musk's sell-off put a lot of pressure on TSLA.
  • EvanHolt
    2022-11-17
    EvanHolt
    MSFT seems to be coming off the bottom.
  • BellaFaraday
    2022-11-17
    BellaFaraday
    TSLA's performance is woefully inadequate.
  • MortimerDodd
    2022-11-17
    MortimerDodd
    So 50MA is a very important number.
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