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Post-Bell | Nasdaq Gained 1.56% on Monday; Nvidia Surged 8% While Tesla Jumped 7%

The Nasdaq ended more than 1% higher and the S&P 500 also rose on Monday, with shares of Nvidia jumping as investors were optimistic ahead of its earnings this week, and other technology-related stock

Post-Bell | Nasdaq Gained 1.56% on Monday; Nvidia Surged 8% While Tesla Jumped 7%

# U.S. Market Movers

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The cybersecurity, topped fiscal fourth-quarter earnings expectations, and its profit forecast for the first quarter also beat estimates. Palo Alto said Friday it expects first-quarter billings of $2.05 billion to $2.08 billion, up 17% to 19%. The company’s fiscal 2024 forecasts for adjusted earnings and billings also were better than expectations. The stock was the best performer in the S&amp;P 500. Fellow cybersecurity stocks also were trading higher, with CrowdStrike (CRWD) and Zscaler (ZS) each up 4.8%.</p><p style=\"text-align: start;\">Napco Security Technologies (NSSC), which makes electronic security equipment and wireless communication devices for intrusion and fire alarm systems, fell 45% after saying it identified errors related to the calculation of cost of goods sold and inventory for each of the first three quarters of fiscal 2023. Napco said inventories were overstated and cost of goods sold was understated “resulting in overstated gross profit, operating income and net income for each period.”</p><p style=\"text-align: start;\">AMC Entertainment (AMC) fell 24% ahead of the movie-theater chain’s planned stock conversion. The conversion of AMC Preferred Equity units will result in the trading of a single AMC common share class and is part of the company’s battle to eliminate debt.</p><p style=\"text-align: start;\">Nikola (NKLA) fell 23% after the electric truck maker said it “may incur significant expenses” from the voluntary recall of more than 200 of its EVs and “there can be no assurance as to when we will be able to resume production of our BEV trucks.” Separately, the company announced plans to offer $325 million in senior convertible bonds in a registered direct offering.</p><p style=\"text-align: start;\">Earthstone Energy (ESTE) rose 17% after Permian Resources (PR) agreed to acquire the energy company in an all-stock transaction valued at about $4.5 billion. Permian shares gained 2.3%.</p><p style=\"text-align: start;\">U.S.-listed shares of XPeng (XPEV) rose 10% after analysts at BofA raised their recommendation on the Chinese electric-vehicle maker to Buy from Neutral and lifted the price target to $22 from $16.30. The stock fell 4.3% on Friday after reporting second-quarter earnings and issuing solid third-quarter guidance.</p><p style=\"text-align: start;\">EV giant Tesla (TSLA) gained 7.3%. The stock has dropped for 13 out of the past 14 days. Analysts at Baird placed the company on its list of “best ideas” after second-quarter earnings.</p><p style=\"text-align: start;\">Nvidia (NVDA) jumped 8.5%. Expectations are riding high for the chip maker’s earnings on Wednesday. The chip maker has found itself a key beneficiary of the investing frenzy over artificial intelligence. </p><p style=\"text-align: start;\">Broadcom (AVGO) rose 4.8% and VMware (VMW) gained 4.9% after the U.K.’s Competition and Markets Authority cleared Broadcom ‘s acquisition of the cloud infrastructure company.</p><h2 id=\"id_4134400486\">Market News</h2><p>Moderna has agreed to develop its Claudin18.2 mRNA cancer vaccine with CARsgen Therapeutics (OTCPK:CRTHF) Claudin18.2 CAR T-cell candidate, CT041, the Chinese biotech announced Monday.</p><p>Goldman Sachs is weighing the sale of a part of its wealth business catering to high net worth clients, it said on Monday, as it shifts its focus back to serving the ultra-rich.</p><p>UK&#39;s competition regulator said on Monday it has cleared U.S. tech company Broadcom&#39;s $69 billion purchase of VMware, following an in-depth phase-2 probe.</p><p>A hotly anticipated IPO for a company that designs chips for 99% of the world’s smartphones is just around the corner, after it filed paperwork Monday to go public.</p><p>Tingo Group Inc (NASDAQ:TIO) tumbled 21% in extended trading; It announced today that it has further postponed its second-quarter 2023 earnings release and conference call and the filing of its Form 10-Q for the period ended June 30, 2023.</p><p style=\"text-align: left;\">Fabrinet (NYSE:FN) surged 17% in extended trading; It reported Q4 EPS of $1.86, $0.06 better than the analyst estimate of $1.80. Revenue for the quarter came in at $655.9 million versus the consensus estimate of $641.43M. Sees Q1 non-GAAP $1.83 to $1.90, based on approximately 36.5M fully diluted shares outstanding.</p><p style=\"text-align: left;\">Nordson Corp (NASDAQ:NDSN) slipped over 5% in extended trading; It reported Q3 EPS of $2.35, $0.03 better than the analyst estimate of $2.32. Revenue for the quarter came in at $649M versus the consensus estimate of $664.94M. Nordson Corp. sees FY2023 EPS of $8.90-$9.05, versus the consensus of $9.06.</p><p style=\"text-align: left;\">Zoom Video Communications Inc (NASDAQ:ZM) gained nearly 4% in extended trading; It reported Q2 EPS of $1.34, $0.28 better than the analyst estimate of $1.06. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.11B. Zoom sees Q3 2024 EPS of $1.07-$1.09, versus the consensus of $1.03. Zoom sees Q3 2024 revenue of $1.115-1.12B, versus the consensus of $1.13B. Zoom sees FY2024 EPS of $4.63-$4.67, versus the consensus of $4.30. Zoom sees FY2024 revenue of $4.485-4.495B, versus the consensus of $4.48B.</p><p style=\"text-align: left;\">Advance Auto Parts Inc. (NYSE:AAP) slid slightly1% in extended trading; Kenvue Inc (NYSE:KVUE) will replace Advance Auto Parts Inc. in the S&amp;P 500, and Advance Auto Parts will replace Emergent Biosolutions Inc (NYSE:EBS) in the S&amp;P SmallCap 600.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7fdd77952f20947b8d6aad5661c348df\" tg-width=\"1080\" tg-height=\"1920\"/></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>Post-Bell | Nasdaq Gained 1.56% on Monday; Nvidia Surged 8% While Tesla Jumped 7%</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; 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\">\nPost-Bell | Nasdaq Gained 1.56% on Monday; Nvidia Surged 8% While Tesla Jumped 7%\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\">2023-08-22 07:26</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>The Nasdaq ended more than 1% higher and the S&amp;P 500 also rose on Monday, with shares of Nvidia jumping as investors were optimistic ahead of its earnings this week, and other technology-related stocks gaining.</p><h2 id=\"id_1952585754\">Market Snapshot</h2><p>The Dow Jones Industrial Average fell 36.97 points, or 0.11%, to 34,463.69, the S&amp;P 500 gained 30.06 points, or 0.69%, to 4,399.77 and the Nasdaq Composite added 206.81 points, or 1.56%, to 13,497.59.</p><p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/fc86e1f99ca899275219af659220cfa6\" title=\"\" tg-width=\"628\" tg-height=\"113\"/></p><h2 id=\"id_3350154466\">Market Movers</h2><p>Palo Alto Networks (ticker: PANW) stock gained 15%. The cybersecurity, topped fiscal fourth-quarter earnings expectations, and its profit forecast for the first quarter also beat estimates. Palo Alto said Friday it expects first-quarter billings of $2.05 billion to $2.08 billion, up 17% to 19%. The company’s fiscal 2024 forecasts for adjusted earnings and billings also were better than expectations. The stock was the best performer in the S&amp;P 500. Fellow cybersecurity stocks also were trading higher, with CrowdStrike (CRWD) and Zscaler (ZS) each up 4.8%.</p><p style=\"text-align: start;\">Napco Security Technologies (NSSC), which makes electronic security equipment and wireless communication devices for intrusion and fire alarm systems, fell 45% after saying it identified errors related to the calculation of cost of goods sold and inventory for each of the first three quarters of fiscal 2023. Napco said inventories were overstated and cost of goods sold was understated “resulting in overstated gross profit, operating income and net income for each period.”</p><p style=\"text-align: start;\">AMC Entertainment (AMC) fell 24% ahead of the movie-theater chain’s planned stock conversion. The conversion of AMC Preferred Equity units will result in the trading of a single AMC common share class and is part of the company’s battle to eliminate debt.</p><p style=\"text-align: start;\">Nikola (NKLA) fell 23% after the electric truck maker said it “may incur significant expenses” from the voluntary recall of more than 200 of its EVs and “there can be no assurance as to when we will be able to resume production of our BEV trucks.” Separately, the company announced plans to offer $325 million in senior convertible bonds in a registered direct offering.</p><p style=\"text-align: start;\">Earthstone Energy (ESTE) rose 17% after Permian Resources (PR) agreed to acquire the energy company in an all-stock transaction valued at about $4.5 billion. Permian shares gained 2.3%.</p><p style=\"text-align: start;\">U.S.-listed shares of XPeng (XPEV) rose 10% after analysts at BofA raised their recommendation on the Chinese electric-vehicle maker to Buy from Neutral and lifted the price target to $22 from $16.30. The stock fell 4.3% on Friday after reporting second-quarter earnings and issuing solid third-quarter guidance.</p><p style=\"text-align: start;\">EV giant Tesla (TSLA) gained 7.3%. The stock has dropped for 13 out of the past 14 days. Analysts at Baird placed the company on its list of “best ideas” after second-quarter earnings.</p><p style=\"text-align: start;\">Nvidia (NVDA) jumped 8.5%. Expectations are riding high for the chip maker’s earnings on Wednesday. The chip maker has found itself a key beneficiary of the investing frenzy over artificial intelligence. </p><p style=\"text-align: start;\">Broadcom (AVGO) rose 4.8% and VMware (VMW) gained 4.9% after the U.K.’s Competition and Markets Authority cleared Broadcom ‘s acquisition of the cloud infrastructure company.</p><h2 id=\"id_4134400486\">Market News</h2><p>Moderna has agreed to develop its Claudin18.2 mRNA cancer vaccine with CARsgen Therapeutics (OTCPK:CRTHF) Claudin18.2 CAR T-cell candidate, CT041, the Chinese biotech announced Monday.</p><p>Goldman Sachs is weighing the sale of a part of its wealth business catering to high net worth clients, it said on Monday, as it shifts its focus back to serving the ultra-rich.</p><p>UK&#39;s competition regulator said on Monday it has cleared U.S. tech company Broadcom&#39;s $69 billion purchase of VMware, following an in-depth phase-2 probe.</p><p>A hotly anticipated IPO for a company that designs chips for 99% of the world’s smartphones is just around the corner, after it filed paperwork Monday to go public.</p><p>Tingo Group Inc (NASDAQ:TIO) tumbled 21% in extended trading; It announced today that it has further postponed its second-quarter 2023 earnings release and conference call and the filing of its Form 10-Q for the period ended June 30, 2023.</p><p style=\"text-align: left;\">Fabrinet (NYSE:FN) surged 17% in extended trading; It reported Q4 EPS of $1.86, $0.06 better than the analyst estimate of $1.80. Revenue for the quarter came in at $655.9 million versus the consensus estimate of $641.43M. Sees Q1 non-GAAP $1.83 to $1.90, based on approximately 36.5M fully diluted shares outstanding.</p><p style=\"text-align: left;\">Nordson Corp (NASDAQ:NDSN) slipped over 5% in extended trading; It reported Q3 EPS of $2.35, $0.03 better than the analyst estimate of $2.32. Revenue for the quarter came in at $649M versus the consensus estimate of $664.94M. Nordson Corp. sees FY2023 EPS of $8.90-$9.05, versus the consensus of $9.06.</p><p style=\"text-align: left;\">Zoom Video Communications Inc (NASDAQ:ZM) gained nearly 4% in extended trading; It reported Q2 EPS of $1.34, $0.28 better than the analyst estimate of $1.06. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.11B. Zoom sees Q3 2024 EPS of $1.07-$1.09, versus the consensus of $1.03. Zoom sees Q3 2024 revenue of $1.115-1.12B, versus the consensus of $1.13B. Zoom sees FY2024 EPS of $4.63-$4.67, versus the consensus of $4.30. Zoom sees FY2024 revenue of $4.485-4.495B, versus the consensus of $4.48B.</p><p style=\"text-align: left;\">Advance Auto Parts Inc. (NYSE:AAP) slid slightly1% in extended trading; Kenvue Inc (NYSE:KVUE) will replace Advance Auto Parts Inc. in the S&amp;P 500, and Advance Auto Parts will replace Emergent Biosolutions Inc (NYSE:EBS) in the S&amp;P SmallCap 600.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/7fdd77952f20947b8d6aad5661c348df\" tg-width=\"1080\" tg-height=\"1920\"/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1160673544","content_text":"The Nasdaq ended more than 1% higher and the S&P 500 also rose on Monday, with shares of Nvidia jumping as investors were optimistic ahead of its earnings this week, and other technology-related stocks gaining.Market SnapshotThe Dow Jones Industrial Average fell 36.97 points, or 0.11%, to 34,463.69, the S&P 500 gained 30.06 points, or 0.69%, to 4,399.77 and the Nasdaq Composite added 206.81 points, or 1.56%, to 13,497.59.Market MoversPalo Alto Networks (ticker: PANW) stock gained 15%. The cybersecurity, topped fiscal fourth-quarter earnings expectations, and its profit forecast for the first quarter also beat estimates. Palo Alto said Friday it expects first-quarter billings of $2.05 billion to $2.08 billion, up 17% to 19%. The company’s fiscal 2024 forecasts for adjusted earnings and billings also were better than expectations. The stock was the best performer in the S&P 500. Fellow cybersecurity stocks also were trading higher, with CrowdStrike (CRWD) and Zscaler (ZS) each up 4.8%.Napco Security Technologies (NSSC), which makes electronic security equipment and wireless communication devices for intrusion and fire alarm systems, fell 45% after saying it identified errors related to the calculation of cost of goods sold and inventory for each of the first three quarters of fiscal 2023. Napco said inventories were overstated and cost of goods sold was understated “resulting in overstated gross profit, operating income and net income for each period.”AMC Entertainment (AMC) fell 24% ahead of the movie-theater chain’s planned stock conversion. The conversion of AMC Preferred Equity units will result in the trading of a single AMC common share class and is part of the company’s battle to eliminate debt.Nikola (NKLA) fell 23% after the electric truck maker said it “may incur significant expenses” from the voluntary recall of more than 200 of its EVs and “there can be no assurance as to when we will be able to resume production of our BEV trucks.” Separately, the company announced plans to offer $325 million in senior convertible bonds in a registered direct offering.Earthstone Energy (ESTE) rose 17% after Permian Resources (PR) agreed to acquire the energy company in an all-stock transaction valued at about $4.5 billion. Permian shares gained 2.3%.U.S.-listed shares of XPeng (XPEV) rose 10% after analysts at BofA raised their recommendation on the Chinese electric-vehicle maker to Buy from Neutral and lifted the price target to $22 from $16.30. The stock fell 4.3% on Friday after reporting second-quarter earnings and issuing solid third-quarter guidance.EV giant Tesla (TSLA) gained 7.3%. The stock has dropped for 13 out of the past 14 days. Analysts at Baird placed the company on its list of “best ideas” after second-quarter earnings.Nvidia (NVDA) jumped 8.5%. Expectations are riding high for the chip maker’s earnings on Wednesday. The chip maker has found itself a key beneficiary of the investing frenzy over artificial intelligence. Broadcom (AVGO) rose 4.8% and VMware (VMW) gained 4.9% after the U.K.’s Competition and Markets Authority cleared Broadcom ‘s acquisition of the cloud infrastructure company.Market NewsModerna has agreed to develop its Claudin18.2 mRNA cancer vaccine with CARsgen Therapeutics (OTCPK:CRTHF) Claudin18.2 CAR T-cell candidate, CT041, the Chinese biotech announced Monday.Goldman Sachs is weighing the sale of a part of its wealth business catering to high net worth clients, it said on Monday, as it shifts its focus back to serving the ultra-rich.UK's competition regulator said on Monday it has cleared U.S. tech company Broadcom's $69 billion purchase of VMware, following an in-depth phase-2 probe.A hotly anticipated IPO for a company that designs chips for 99% of the world’s smartphones is just around the corner, after it filed paperwork Monday to go public.Tingo Group Inc (NASDAQ:TIO) tumbled 21% in extended trading; It announced today that it has further postponed its second-quarter 2023 earnings release and conference call and the filing of its Form 10-Q for the period ended June 30, 2023.Fabrinet (NYSE:FN) surged 17% in extended trading; It reported Q4 EPS of $1.86, $0.06 better than the analyst estimate of $1.80. Revenue for the quarter came in at $655.9 million versus the consensus estimate of $641.43M. Sees Q1 non-GAAP $1.83 to $1.90, based on approximately 36.5M fully diluted shares outstanding.Nordson Corp (NASDAQ:NDSN) slipped over 5% in extended trading; It reported Q3 EPS of $2.35, $0.03 better than the analyst estimate of $2.32. Revenue for the quarter came in at $649M versus the consensus estimate of $664.94M. Nordson Corp. sees FY2023 EPS of $8.90-$9.05, versus the consensus of $9.06.Zoom Video Communications Inc (NASDAQ:ZM) gained nearly 4% in extended trading; It reported Q2 EPS of $1.34, $0.28 better than the analyst estimate of $1.06. Revenue for the quarter came in at $1.14 billion versus the consensus estimate of $1.11B. Zoom sees Q3 2024 EPS of $1.07-$1.09, versus the consensus of $1.03. Zoom sees Q3 2024 revenue of $1.115-1.12B, versus the consensus of $1.13B. Zoom sees FY2024 EPS of $4.63-$4.67, versus the consensus of $4.30. Zoom sees FY2024 revenue of $4.485-4.495B, versus the consensus of $4.48B.Advance Auto Parts Inc. (NYSE:AAP) slid slightly1% in extended trading; Kenvue Inc (NYSE:KVUE) will replace Advance Auto Parts Inc. in the S&P 500, and Advance Auto Parts will replace Emergent Biosolutions Inc (NYSE:EBS) in the S&P SmallCap 600.","news_type":1},"isVote":1,"tweetType":1,"viewCount":331,"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,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":8,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}