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CrowdStrike No Significant Price Target Change After Its S&P 500 Inclusion

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Below are Today's Key Takeaways.

Top News Move the Market

Megacap growth stocks led by Apple and Tesla lifted the tech-heavy Nasdaq to a higher close on Monday, while the Dow and the S&P 500 also eked out slight gains in light pre-holiday trading.The Dow Jones Industrial Average rose 50.66 points, or 0.13%, to 39,169.52 the S&P 500 rose 14.61 points, or 0.27%, to 5,475.09 and the Nasdaq Composite rose 146.69 points, or 0.83%, to 17,879.30.

$Tesla Motors(TSLA)$ closed up 6.1% to $209.86 after shares of the electric-vehicle maker crossed $200 for the first time in three months on Friday ahead of the company’s second-quarter deliveries report. The company usually reports quarterly deliveries on the second day of a new quarter. The most current Wall Street estimates say Tesla will report about 420,000 car deliveries in the second quarter, down from about 466,000 a year earlier.

$Chewy, Inc.(CHWY)$ fell 6.6%, having climbed as much as 18% in the premarket session, after Keith Gill, the investor known as Roaring Kitty on social media, reported a6.6% stake in the pet-products retailer in a regulatory filing. GameStop was down 5.5%. Gill is known for betting big on the videogame retailer and streaming his bullish thesis ahead of the 2021 meme stock frenzy.

$NIO Inc.(NIO)$ U.S.-listed shares of NIO rose 6.7% after the Chinese electric-vehicle maker delivered 21,209 vehicles in June, an increase of 98% from a year earlier. Deliveries in the second quarter were 57,373 vehicles, up 144% from the second quarter of 2023.

U.S. manufacturing contracted for a third straight month in June as demand remained subdued, while a drop in a measure of prices paid by factories for inputs to a six-month low suggested that inflation could continue to subside.

The ISM's manufacturing PMI slipped to 48.5 last month from 48.7 in May. A PMI reading above 50 indicates growth in the manufacturing sector, which accounts for 10.3% of the economy. The PMI remains above the 42.5 level, which the ISM says over a period of time indicates an expansion of the overall economy.

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All right, here is all the market information we would like to share with you:

  1. What news/movements are worth noting in the market today? Any stocks to watch?

  2. Do you have any trading plans?

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# πŸ’° Stocks to watch today?(28 Oct)

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  • CC75
    Β·07-03
    Great ariticle, would you like to share it?
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  • Ri_Love
    Β·07-02
    Good thing know- thanks
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