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2023-08-16

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Pre-Bell｜U.S. Futures Mixed; Tesla Drops 2%; VinFast Declines 11%; Sacks Parente Golf Tumbles 40%

U.S. stock index futures waved slightly on Wednesday as investors awaited minutes from the Federal Reserve's July policy meeting for more cues on the path for interest rates in the world's largest eco

Pre-Bell｜U.S. Futures Mixed; Tesla Drops 2%; VinFast Declines 11%; Sacks Parente Golf Tumbles 40%

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The stock jumped more than 250% on Tuesday after the company began trading following the closing of its merger with the SPAC Black Spade Acquisition.</p><p><strong>Sacks Parente Golf (SPGC)</strong> - Sacks Parente Golf dropped 40.2% in premarket trading Wednesday after soaring 624% in its first day of trading on Tuesday.</p><p><strong>Target (TGT)</strong> - Target reported second-quarter adjusted earnings that beat estimates but the retailer lowered its fiscal-year forecast, saying it now expects adjusted earnings of $7 to $8 a share vs. previous guidance of $7.75 to $8.75. Target shares rose 7.4%.</p><p><strong>Tower Semiconductor (TSEM)</strong> - Tower Semiconductor declined 11.4% after <strong>Intel (INTC)</strong> terminated its proposed $5.4 billion acquisition of the Israeli chip maker after failing to receive regulatory approval from China. Intel rose 0.1%.</p><p style=\"text-align: start;\"><strong>DLocal (DLO)</strong> - DLocal was rising 30.3% after the online payments company reported second-quarter results that topped estimates and maintained revenue guidance of $620 million to $640 million for the year. DLocal also named Pedro Arnt as co-chief executive. Arnt previously worked as chief financial officer at MercadoLibre (MELI), the Latin American e-commerce giant.</p><p><strong>Coinbase Global (COIN)</strong> - Coinbase Global said on Wednesday it had secured regulatory approval to allow U.S. retail customers to trade crypto futures, sending shares of the exchange up 3% in premarket trading.</p><p><strong>JD.com (JD)</strong> - U.S.-listed shares of JD.com were down 5.3%. The Chinese e-commerce company topped earnings expectations but the stock’s slide was aa reflection of gloom across Chinese markets amid worries over a slowdown in the world’s second-largest economy.</p><p style=\"text-align: start;\"><strong>Coherent (COHR)</strong> - Coherent was falling 23.4% after the optoelectronics company’s forecasts for its fiscal first quarter and year were weaker than expected. Coherent expects first-quarter adjusted earnings of 5 cents to 20 cents a share on revenue of $1 billion to $1.1 billion, well off analysts’ estimates for earnings of 47 cents a share on revenue of $1.17 billion. The company said the forecast “assumes no meaningful improvement in the macroeconomic environment,” including in China.</p><p style=\"text-align: start;\"><strong>Cava Group (CAVA)</strong> - The Mediterranean restaurant chain, reported a second-quarter profit of 21 cents a share while analysts were expecting a loss of 2 cents. Revenue of $171.1 million also topped forecasts. It was Cava’s first report since it went public in June. The stock jumped 9.6%.</p><p style=\"text-align: start;\"><strong>Mercury Systems (MRCY)</strong> - Mercury Systems was down 10.3% after the military chip maker’s adjusted fourth-quarter earnings of 11 cents a share widely missed analysts’ expectations of 52 cents. The company’s outlook for the current fiscal year also was lower than forecasts.</p><p style=\"text-align: start;\"><strong>H&amp;R Block (HRB)</strong> - H&amp;R Block rose 5.2% after the tax preparer’s fiscal fourth-quarter earnings and fiscal 2024 outlook topped expectations. H&amp;R Block also raised its quarterly dividend by 10%.</p><h2 id=\"id_1288056626\">Market News</h2><h3 id=\"id_2888167485\">Tesla Cuts China Prices For the Second Time in Three Days</h3><p>Tesla Inc. made its second round of price cuts in China this week, further fueling concerns of reigniting a price war.</p><p>The automaker reduced the price of existing stock of its premium Model S sedan and Model X sport utility vehicle by as much as 70,000 yuan ($9,600) to 754,900 yuan and 836,000 yuan respectively, according to a company statement published on its official WeChat account on Wednesday.</p><p>The move comes just two days after Tesla marked down the Long Range and Performance versions of the Model Y SUV by 14,000 yuan and extended an insurance subsidy for the base version of the Model 3 sedan, keeping the perk in place through the end of next month.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Pre-Bell｜U.S. Futures Mixed; 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color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPre-Bell｜U.S. Futures Mixed; Tesla Drops 2%; VinFast Declines 11%; Sacks Parente Golf Tumbles 40%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2023-08-16 19:58</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stock index futures waved slightly on Wednesday as investors awaited minutes from the Federal Reserve&#39;s July policy meeting for more cues on the path for interest rates in the world&#39;s largest economy.</p><h2 id=\"id_727646980\">Market Snapshot</h2><p>At 7:51 a.m. ET, Dow e-minis were up 5 points, or 0.01%, S&amp;P 500 e-minis were down 1.25 points, or 0.03%, and Nasdaq 100 e-minis were down 5 points, or 0.03%.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/80bc3898b4c29e24d0c45428f1053163\" title=\"\" tg-width=\"374\" tg-height=\"199\"/></p><h2 id=\"id_4262469929\">Pre-Market Movers</h2><p><strong>Tesla (TSLA)</strong> - Tesla fell 2.4% after the electric-vehicle maker cut prices in China for the second time in less than a week. </p><p><strong>Nvidia <u>(</u>NVDA<u>)</u></strong> - Nvidia rose nearly 1% in premarket trading after Piper Sandler became the latest Wall Street brokerage to raise its price target on the stock ahead of the chip designer&#39;s earnings next week.</p><p><strong>Sea (SE)</strong> - Sea stock dropped another 3% in premarket trading Wednesday after tumbling 29% Tuesday as Q2 sales miss estimates.</p><p><strong>VinFast (VFS)</strong> - Shares of VinFast, the Vietnamese electric-vehicle maker, were falling 11.1% in premarket trading. The stock jumped more than 250% on Tuesday after the company began trading following the closing of its merger with the SPAC Black Spade Acquisition.</p><p><strong>Sacks Parente Golf (SPGC)</strong> - Sacks Parente Golf dropped 40.2% in premarket trading Wednesday after soaring 624% in its first day of trading on Tuesday.</p><p><strong>Target (TGT)</strong> - Target reported second-quarter adjusted earnings that beat estimates but the retailer lowered its fiscal-year forecast, saying it now expects adjusted earnings of $7 to $8 a share vs. previous guidance of $7.75 to $8.75. Target shares rose 7.4%.</p><p><strong>Tower Semiconductor (TSEM)</strong> - Tower Semiconductor declined 11.4% after <strong>Intel (INTC)</strong> terminated its proposed $5.4 billion acquisition of the Israeli chip maker after failing to receive regulatory approval from China. Intel rose 0.1%.</p><p style=\"text-align: start;\"><strong>DLocal (DLO)</strong> - DLocal was rising 30.3% after the online payments company reported second-quarter results that topped estimates and maintained revenue guidance of $620 million to $640 million for the year. DLocal also named Pedro Arnt as co-chief executive. Arnt previously worked as chief financial officer at MercadoLibre (MELI), the Latin American e-commerce giant.</p><p><strong>Coinbase Global (COIN)</strong> - Coinbase Global said on Wednesday it had secured regulatory approval to allow U.S. retail customers to trade crypto futures, sending shares of the exchange up 3% in premarket trading.</p><p><strong>JD.com (JD)</strong> - U.S.-listed shares of JD.com were down 5.3%. The Chinese e-commerce company topped earnings expectations but the stock’s slide was aa reflection of gloom across Chinese markets amid worries over a slowdown in the world’s second-largest economy.</p><p style=\"text-align: start;\"><strong>Coherent (COHR)</strong> - Coherent was falling 23.4% after the optoelectronics company’s forecasts for its fiscal first quarter and year were weaker than expected. Coherent expects first-quarter adjusted earnings of 5 cents to 20 cents a share on revenue of $1 billion to $1.1 billion, well off analysts’ estimates for earnings of 47 cents a share on revenue of $1.17 billion. The company said the forecast “assumes no meaningful improvement in the macroeconomic environment,” including in China.</p><p style=\"text-align: start;\"><strong>Cava Group (CAVA)</strong> - The Mediterranean restaurant chain, reported a second-quarter profit of 21 cents a share while analysts were expecting a loss of 2 cents. Revenue of $171.1 million also topped forecasts. It was Cava’s first report since it went public in June. The stock jumped 9.6%.</p><p style=\"text-align: start;\"><strong>Mercury Systems (MRCY)</strong> - Mercury Systems was down 10.3% after the military chip maker’s adjusted fourth-quarter earnings of 11 cents a share widely missed analysts’ expectations of 52 cents. The company’s outlook for the current fiscal year also was lower than forecasts.</p><p style=\"text-align: start;\"><strong>H&amp;R Block (HRB)</strong> - H&amp;R Block rose 5.2% after the tax preparer’s fiscal fourth-quarter earnings and fiscal 2024 outlook topped expectations. H&amp;R Block also raised its quarterly dividend by 10%.</p><h2 id=\"id_1288056626\">Market News</h2><h3 id=\"id_2888167485\">Tesla Cuts China Prices For the Second Time in Three Days</h3><p>Tesla Inc. made its second round of price cuts in China this week, further fueling concerns of reigniting a price war.</p><p>The automaker reduced the price of existing stock of its premium Model S sedan and Model X sport utility vehicle by as much as 70,000 yuan ($9,600) to 754,900 yuan and 836,000 yuan respectively, according to a company statement published on its official WeChat account on Wednesday.</p><p>The move comes just two days after Tesla marked down the Long Range and Performance versions of the Model Y SUV by 14,000 yuan and extended an insurance subsidy for the base version of the Model 3 sedan, keeping the perk in place through the end of next month.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"COIN":"Coinbase Global, Inc.","HRB":"H&R布洛克税务","TGT":"塔吉特",".DJI":"道琼斯","MRCY":"Mercury Systems Inc",".IXIC":"NASDAQ Composite","DLO":"DLocal Limited",".SPX":"S&P 500 Index","CAVA":"CAVA Group Inc.","TSLA":"特斯拉","VFS":"VinFast Auto","SE":"Sea Ltd","SPGC":"Sacks Parente Golf, Inc.","TSEM":"Tower半导体","INTC":"英特尔","COHR":"COHERENT"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1168488659","content_text":"U.S. stock index futures waved slightly on Wednesday as investors awaited minutes from the Federal Reserve's July policy meeting for more cues on the path for interest rates in the world's largest economy.Market SnapshotAt 7:51 a.m. ET, Dow e-minis were up 5 points, or 0.01%, S&P 500 e-minis were down 1.25 points, or 0.03%, and Nasdaq 100 e-minis were down 5 points, or 0.03%.Pre-Market MoversTesla (TSLA) - Tesla fell 2.4% after the electric-vehicle maker cut prices in China for the second time in less than a week. Nvidia (NVDA) - Nvidia rose nearly 1% in premarket trading after Piper Sandler became the latest Wall Street brokerage to raise its price target on the stock ahead of the chip designer's earnings next week.Sea (SE) - Sea stock dropped another 3% in premarket trading Wednesday after tumbling 29% Tuesday as Q2 sales miss estimates.VinFast (VFS) - Shares of VinFast, the Vietnamese electric-vehicle maker, were falling 11.1% in premarket trading. The stock jumped more than 250% on Tuesday after the company began trading following the closing of its merger with the SPAC Black Spade Acquisition.Sacks Parente Golf (SPGC) - Sacks Parente Golf dropped 40.2% in premarket trading Wednesday after soaring 624% in its first day of trading on Tuesday.Target (TGT) - Target reported second-quarter adjusted earnings that beat estimates but the retailer lowered its fiscal-year forecast, saying it now expects adjusted earnings of $7 to $8 a share vs. previous guidance of $7.75 to $8.75. Target shares rose 7.4%.Tower Semiconductor (TSEM) - Tower Semiconductor declined 11.4% after Intel (INTC) terminated its proposed $5.4 billion acquisition of the Israeli chip maker after failing to receive regulatory approval from China. Intel rose 0.1%.DLocal (DLO) - DLocal was rising 30.3% after the online payments company reported second-quarter results that topped estimates and maintained revenue guidance of $620 million to $640 million for the year. DLocal also named Pedro Arnt as co-chief executive. Arnt previously worked as chief financial officer at MercadoLibre (MELI), the Latin American e-commerce giant.Coinbase Global (COIN) - Coinbase Global said on Wednesday it had secured regulatory approval to allow U.S. retail customers to trade crypto futures, sending shares of the exchange up 3% in premarket trading.JD.com (JD) - U.S.-listed shares of JD.com were down 5.3%. The Chinese e-commerce company topped earnings expectations but the stock’s slide was aa reflection of gloom across Chinese markets amid worries over a slowdown in the world’s second-largest economy.Coherent (COHR) - Coherent was falling 23.4% after the optoelectronics company’s forecasts for its fiscal first quarter and year were weaker than expected. Coherent expects first-quarter adjusted earnings of 5 cents to 20 cents a share on revenue of $1 billion to $1.1 billion, well off analysts’ estimates for earnings of 47 cents a share on revenue of $1.17 billion. The company said the forecast “assumes no meaningful improvement in the macroeconomic environment,” including in China.Cava Group (CAVA) - The Mediterranean restaurant chain, reported a second-quarter profit of 21 cents a share while analysts were expecting a loss of 2 cents. Revenue of $171.1 million also topped forecasts. It was Cava’s first report since it went public in June. The stock jumped 9.6%.Mercury Systems (MRCY) - Mercury Systems was down 10.3% after the military chip maker’s adjusted fourth-quarter earnings of 11 cents a share widely missed analysts’ expectations of 52 cents. The company’s outlook for the current fiscal year also was lower than forecasts.H&R Block (HRB) - H&R Block rose 5.2% after the tax preparer’s fiscal fourth-quarter earnings and fiscal 2024 outlook topped expectations. H&R Block also raised its quarterly dividend by 10%.Market NewsTesla Cuts China Prices For the Second Time in Three DaysTesla Inc. made its second round of price cuts in China this week, further fueling concerns of reigniting a price war.The automaker reduced the price of existing stock of its premium Model S sedan and Model X sport utility vehicle by as much as 70,000 yuan ($9,600) to 754,900 yuan and 836,000 yuan respectively, according to a company statement published on its official WeChat account on Wednesday.The move comes just two days after Tesla marked down the Long Range and Performance versions of the Model Y SUV by 14,000 yuan and extended an insurance subsidy for the base version of the Model 3 sedan, keeping the perk in place through the end of next month.","news_type":1},"isVote":1,"tweetType":1,"viewCount":176,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":30,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}