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Investors are confused whether to stick to mega cap tech sticks or rotate to small cap... slowly but surely rotation and broading of gains to smaller caps will take plac$Netflix(NFLX)$ $iShares Russell 2000 ETF(IWM)$

Post-Bell | Wall Street Ends Sharply Lower; Nvidia Rises 2.6%; Netflix Stock Reverses Losses

U.S. stocks tumbled on Thursday, reversing early gains as investors continued to rotate away from high-priced megacap growth stocks and second-quarter earnings season gathered steam.Market SnapshotThe

Post-Bell | Wall Street Ends Sharply Lower; Nvidia Rises 2.6%; Netflix Stock Reverses Losses

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koolgal
·09-28
Thanks for sharing the valuable insights 😍😍😍
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The Nasdaq fell 0.70% at 17,871.22 points, while Dow Jones Industrial Average fell 1.29% to 40,665.02 points.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d62cbbdd73224406a6627e9e38100529\" title=\"\" tg-width=\"949\" tg-height=\"147\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p><a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a> reported second-quarter earnings that beat analysts’ estimates and the world’s largest contract chip maker boosted its revenue projections for the full year. The company said second-quarter revenue from its high-performance computing segment, which includes artificial-intelligence chips, rose 28% from the previous quarter. U.S.-listed shares of the company were up 0.3%.</p><p>The revenue outlook hike from TSMC was giving a lift to <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, which rose 2.8% after the maker of chips that are the favored choice for training artificial-intelligence systems fell 6.6% on Wednesday.</p><p><a href=\"https://laohu8.com/S/NOK\">Nokia</a>’s U.S.-listed stock declined 6.9% after the Finnish telecommunications company reduced sales expectations for the year after net sales in the second quarter declined 18%.</p><p><a href=\"https://laohu8.com/S/CHUY\">Chuy’s Holdings</a> jumped 48% to after <a href=\"https://laohu8.com/S/DRI\">Darden Restaurants</a> agreed to acquire the Tex-Mex restaurant chain for about $605 million. Darden declined 3%.</p><p><a href=\"https://laohu8.com/S/BYND\">Beyond Meat</a> dropped 10% after The Wall Street Journal reported the plant-based meat maker was engaged in discussions with a group of bondholders about restructuring its balance sheet.</p><p><a href=\"https://laohu8.com/S/NFLX\">Netflix</a> added more than 8 million subscribers in its second quarter as the streaming service benefited from a password-sharing crackdown and the popularity of such titles as &#34;Bridgerton,&#34; &#34;Baby Reindeer&#34; and &#34;The Roast of Tom Brady.&#34; While the subscriber gains topped analyst predictions of 5 million, Netflix issued cautious guidance for the third quarter and said its advertising business would not become a primary driver of revenue growth until at least 2026. Netflix shares reversed initial losses in after-hours trading after it reported results.</p><p><a href=\"https://laohu8.com/S/DPZ\">Domino’s Pizza</a> dropped 13% after the pizza chain posted second-quarter earnings that beat estimates but revenue, up 7.1% from a year earlier, slightly missed forecasts.</p><p><a href=\"https://laohu8.com/S/WBD\">Warner Bros. Discovery</a> rose 2.4% after the Financial Times reported the company was considering a number of strategic options, including splitting off its digital streaming and studio businesses from its television networks.</p><p><a href=\"https://laohu8.com/S/DHI\">D.R. Horton</a>, the nation’s largest home builder, jumped 10%. The company beat quarterly earnings expectations and said it would launch a new stock buyback of $4 billion. Homes closed rose to 24,155 from 22,985 a year earlier.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a> was down 6.2%, extending losses from Wednesday that saw the stock fall 3.8% after Swiss drugmaker <a href=\"https://laohu8.com/S/ROG\">Roche</a> disclosed promising trial data for its weight-loss medicine.</p><p><a href=\"https://laohu8.com/S/UAL\">United Airlines</a> posted second-quarter adjusted earnings of $4.14 a share, beating analysts’ estimates of $3.94. Shares of the carrier were down 1.2%. United issued third-quarter earnings guidance that fell short of expectations. United said it has been managing the business in the face of industrywide challenges, specifically a drop in the industry’s domestic capacity growth rate, which it anticipated.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_4092248661\">OpenAI Holds Talks with Broadcom About Developing New AI Chip</h3><p>ChatGPT maker OpenAI is in discussion with chip designers, including Broadcom , about developing a new artificial intelligence chip, the Information reported on Thursday, citing people familiar with the matter.</p><p>OpenAI is exploring the idea of making AI chips on its own to overcome the shortage of expensive graphic processing units that it relies on to develop AI models such as ChatGPT, GPT-4, and DALL-E3.</p><h3 id=\"id_3877529013\" style=\"text-align: start;\">Tesla&#39;s California car registrations fall for third straight quarter</h3><p>Registrations of Tesla cars in California fell 24% in the April to June period, marking the third consecutive quarter that the company posted a sales drop in its key market, indicating mounting challenges for the EV maker, according to industry data on Thursday.</p><p>High interest rates and stiff competition have softened demand for electric vehicles as consumers opt for less-expensive hybrid cars.</p><h3 id=\"id_4078818091\">Meta in Talks to Buy Stake in Eyewear Giant EssilorLuxottica</h3><p>Meta Platforms Inc. is in talks to take a minority stake in the maker of Ray-Ban sunglasses as the Facebook owner intensifies its push into smart glasses.</p><p>Meta, which has collaborated with EssilorLuxottica SA on Ray Ban-Meta smart eyewear, is considering a stake of more than 3% and as much as 5% in the luxury eyewear group, which would be valued at about €4.5 billion ($4.9 billion) at current prices, according to people familiar with the discussions, who asked not to be identified because the information is not public.<br/></p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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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 | Wall Street Ends Sharply Lower; Nvidia Rises 2.6%; Netflix Stock Reverses Losses\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\">2024-07-19 07:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks tumbled on Thursday, reversing early gains as investors continued to rotate away from high-priced megacap growth stocks and second-quarter earnings season gathered steam.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/589f50919a485d9e3053133daeea0eaa\" tg-width=\"1080\" tg-height=\"1920\"/></p><h2 id=\"id_966889051\">Market Snapshot</h2><p>The S&amp;P 500 fell 0.78% to end the session at 5,544.59 points. The Nasdaq fell 0.70% at 17,871.22 points, while Dow Jones Industrial Average fell 1.29% to 40,665.02 points.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/d62cbbdd73224406a6627e9e38100529\" title=\"\" tg-width=\"949\" tg-height=\"147\"/></p><h2 id=\"id_215835447\">Market Movers</h2><p><a href=\"https://laohu8.com/S/TSM\">Taiwan Semiconductor Manufacturing</a> reported second-quarter earnings that beat analysts’ estimates and the world’s largest contract chip maker boosted its revenue projections for the full year. The company said second-quarter revenue from its high-performance computing segment, which includes artificial-intelligence chips, rose 28% from the previous quarter. U.S.-listed shares of the company were up 0.3%.</p><p>The revenue outlook hike from TSMC was giving a lift to <a href=\"https://laohu8.com/S/NVDA\">Nvidia</a>, which rose 2.8% after the maker of chips that are the favored choice for training artificial-intelligence systems fell 6.6% on Wednesday.</p><p><a href=\"https://laohu8.com/S/NOK\">Nokia</a>’s U.S.-listed stock declined 6.9% after the Finnish telecommunications company reduced sales expectations for the year after net sales in the second quarter declined 18%.</p><p><a href=\"https://laohu8.com/S/CHUY\">Chuy’s Holdings</a> jumped 48% to after <a href=\"https://laohu8.com/S/DRI\">Darden Restaurants</a> agreed to acquire the Tex-Mex restaurant chain for about $605 million. Darden declined 3%.</p><p><a href=\"https://laohu8.com/S/BYND\">Beyond Meat</a> dropped 10% after The Wall Street Journal reported the plant-based meat maker was engaged in discussions with a group of bondholders about restructuring its balance sheet.</p><p><a href=\"https://laohu8.com/S/NFLX\">Netflix</a> added more than 8 million subscribers in its second quarter as the streaming service benefited from a password-sharing crackdown and the popularity of such titles as &#34;Bridgerton,&#34; &#34;Baby Reindeer&#34; and &#34;The Roast of Tom Brady.&#34; While the subscriber gains topped analyst predictions of 5 million, Netflix issued cautious guidance for the third quarter and said its advertising business would not become a primary driver of revenue growth until at least 2026. Netflix shares reversed initial losses in after-hours trading after it reported results.</p><p><a href=\"https://laohu8.com/S/DPZ\">Domino’s Pizza</a> dropped 13% after the pizza chain posted second-quarter earnings that beat estimates but revenue, up 7.1% from a year earlier, slightly missed forecasts.</p><p><a href=\"https://laohu8.com/S/WBD\">Warner Bros. Discovery</a> rose 2.4% after the Financial Times reported the company was considering a number of strategic options, including splitting off its digital streaming and studio businesses from its television networks.</p><p><a href=\"https://laohu8.com/S/DHI\">D.R. Horton</a>, the nation’s largest home builder, jumped 10%. The company beat quarterly earnings expectations and said it would launch a new stock buyback of $4 billion. Homes closed rose to 24,155 from 22,985 a year earlier.</p><p><a href=\"https://laohu8.com/S/LLY\">Eli Lilly</a> was down 6.2%, extending losses from Wednesday that saw the stock fall 3.8% after Swiss drugmaker <a href=\"https://laohu8.com/S/ROG\">Roche</a> disclosed promising trial data for its weight-loss medicine.</p><p><a href=\"https://laohu8.com/S/UAL\">United Airlines</a> posted second-quarter adjusted earnings of $4.14 a share, beating analysts’ estimates of $3.94. Shares of the carrier were down 1.2%. United issued third-quarter earnings guidance that fell short of expectations. United said it has been managing the business in the face of industrywide challenges, specifically a drop in the industry’s domestic capacity growth rate, which it anticipated.</p><h2 id=\"id_3378142872\">Market News</h2><h3 id=\"id_4092248661\">OpenAI Holds Talks with Broadcom About Developing New AI Chip</h3><p>ChatGPT maker OpenAI is in discussion with chip designers, including Broadcom , about developing a new artificial intelligence chip, the Information reported on Thursday, citing people familiar with the matter.</p><p>OpenAI is exploring the idea of making AI chips on its own to overcome the shortage of expensive graphic processing units that it relies on to develop AI models such as ChatGPT, GPT-4, and DALL-E3.</p><h3 id=\"id_3877529013\" style=\"text-align: start;\">Tesla&#39;s California car registrations fall for third straight quarter</h3><p>Registrations of Tesla cars in California fell 24% in the April to June period, marking the third consecutive quarter that the company posted a sales drop in its key market, indicating mounting challenges for the EV maker, according to industry data on Thursday.</p><p>High interest rates and stiff competition have softened demand for electric vehicles as consumers opt for less-expensive hybrid cars.</p><h3 id=\"id_4078818091\">Meta in Talks to Buy Stake in Eyewear Giant EssilorLuxottica</h3><p>Meta Platforms Inc. is in talks to take a minority stake in the maker of Ray-Ban sunglasses as the Facebook owner intensifies its push into smart glasses.</p><p>Meta, which has collaborated with EssilorLuxottica SA on Ray Ban-Meta smart eyewear, is considering a stake of more than 3% and as much as 5% in the luxury eyewear group, which would be valued at about €4.5 billion ($4.9 billion) at current prices, according to people familiar with the discussions, who asked not to be identified because the information is not public.<br/></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯",".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1116714655","content_text":"U.S. stocks tumbled on Thursday, reversing early gains as investors continued to rotate away from high-priced megacap growth stocks and second-quarter earnings season gathered steam.Market SnapshotThe S&P 500 fell 0.78% to end the session at 5,544.59 points. The Nasdaq fell 0.70% at 17,871.22 points, while Dow Jones Industrial Average fell 1.29% to 40,665.02 points.Market MoversTaiwan Semiconductor Manufacturing reported second-quarter earnings that beat analysts’ estimates and the world’s largest contract chip maker boosted its revenue projections for the full year. The company said second-quarter revenue from its high-performance computing segment, which includes artificial-intelligence chips, rose 28% from the previous quarter. U.S.-listed shares of the company were up 0.3%.The revenue outlook hike from TSMC was giving a lift to Nvidia, which rose 2.8% after the maker of chips that are the favored choice for training artificial-intelligence systems fell 6.6% on Wednesday.Nokia’s U.S.-listed stock declined 6.9% after the Finnish telecommunications company reduced sales expectations for the year after net sales in the second quarter declined 18%.Chuy’s Holdings jumped 48% to after Darden Restaurants agreed to acquire the Tex-Mex restaurant chain for about $605 million. Darden declined 3%.Beyond Meat dropped 10% after The Wall Street Journal reported the plant-based meat maker was engaged in discussions with a group of bondholders about restructuring its balance sheet.Netflix added more than 8 million subscribers in its second quarter as the streaming service benefited from a password-sharing crackdown and the popularity of such titles as \"Bridgerton,\" \"Baby Reindeer\" and \"The Roast of Tom Brady.\" While the subscriber gains topped analyst predictions of 5 million, Netflix issued cautious guidance for the third quarter and said its advertising business would not become a primary driver of revenue growth until at least 2026. Netflix shares reversed initial losses in after-hours trading after it reported results.Domino’s Pizza dropped 13% after the pizza chain posted second-quarter earnings that beat estimates but revenue, up 7.1% from a year earlier, slightly missed forecasts.Warner Bros. Discovery rose 2.4% after the Financial Times reported the company was considering a number of strategic options, including splitting off its digital streaming and studio businesses from its television networks.D.R. Horton, the nation’s largest home builder, jumped 10%. The company beat quarterly earnings expectations and said it would launch a new stock buyback of $4 billion. Homes closed rose to 24,155 from 22,985 a year earlier.Eli Lilly was down 6.2%, extending losses from Wednesday that saw the stock fall 3.8% after Swiss drugmaker Roche disclosed promising trial data for its weight-loss medicine.United Airlines posted second-quarter adjusted earnings of $4.14 a share, beating analysts’ estimates of $3.94. Shares of the carrier were down 1.2%. United issued third-quarter earnings guidance that fell short of expectations. United said it has been managing the business in the face of industrywide challenges, specifically a drop in the industry’s domestic capacity growth rate, which it anticipated.Market NewsOpenAI Holds Talks with Broadcom About Developing New AI ChipChatGPT maker OpenAI is in discussion with chip designers, including Broadcom , about developing a new artificial intelligence chip, the Information reported on Thursday, citing people familiar with the matter.OpenAI is exploring the idea of making AI chips on its own to overcome the shortage of expensive graphic processing units that it relies on to develop AI models such as ChatGPT, GPT-4, and DALL-E3.Tesla's California car registrations fall for third straight quarterRegistrations of Tesla cars in California fell 24% in the April to June period, marking the third consecutive quarter that the company posted a sales drop in its key market, indicating mounting challenges for the EV maker, according to industry data on Thursday.High interest rates and stiff competition have softened demand for electric vehicles as consumers opt for less-expensive hybrid cars.Meta in Talks to Buy Stake in Eyewear Giant EssilorLuxotticaMeta Platforms Inc. is in talks to take a minority stake in the maker of Ray-Ban sunglasses as the Facebook owner intensifies its push into smart glasses.Meta, which has collaborated with EssilorLuxottica SA on Ray Ban-Meta smart eyewear, is considering a stake of more than 3% and as much as 5% in the luxury eyewear group, which would be valued at about €4.5 billion ($4.9 billion) at current prices, according to people familiar with the discussions, who asked not to be identified because the information is not public.","news_type":1},"isVote":1,"tweetType":1,"viewCount":303,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":["NFLX","IWM"],"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":183,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":354223935500368,"commentId":"354223935500368","gmtCreate":1727488543206,"gmtModify":1727488548026,"authorId":3559581955535845,"author":{"id":3559581955535845,"idStr":"3559581955535845","authorId":3559581955535845,"name":"koolgal","avatar":"https://static.tigerbbs.com/c05274d88ffc0434623e57350c52c70a","vip":2,"currentWearingBadge":{"badgeId":"c4ee29b388ff41cc8462b3b7ea00d1e2-1","templateUuid":"c4ee29b388ff41cc8462b3b7ea00d1e2","name":"Monthly Top Contributor","description":"Top 3 Contributors with the most and best Editor's Picks every month","bigImgUrl":"https://static.tigerbbs.com/b0cad6192443c33dca826a001250fbd4","smallImgUrl":"https://static.tigerbbs.com/5ccd98c646815ce7610b0df338e060cc","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/TW/9000980585","hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.02","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":2003},"hat":"https://static.tigerbbs.com/0a8758340a08196056f8bc1e54805193","crmLevel":6,"crmLevelSwitch":1,"individualDisplayBadges":[{"badgeId":"9427a906234c4b18a82ec3d7730b7fa8-1","templateUuid":"9427a906234c4b18a82ec3d7730b7fa8","name":"Star Contributor","description":"Have published 3 or more picked posts, and have published at least one picked post and participated in comments within 30 days","bigImgUrl":"https://community-static.tradeup.com/news/1866dcf97a73be1c330f85862546aedc","smallImgUrl":"https://community-static.tradeup.com/news/4f5c5fa8e2c7683bb5a7fce8753ee456","redirectLinkEnabled":1,"redirectLink":"https://ttm.financial/activity/market/2023/star-contributors/","hasAllocated":1,"isWearing":0,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.12.22","individualDisplayEnabled":1,"backgroundColor":{"dark":"#675a37","tint":"#f9ebc2"},"fontColor":{"dark":"#ffffff","tint":"#ab7a0e"},"individualDisplaySort":0,"categoryType":2007}]},"repliedAuthorId":0,"objectId":329004832690352,"objectIdStr":"329004832690352","type":1,"supId":0,"supIdStr":"0","prevId":0,"prevIdStr":"0","content":"Thanks for sharing the valuable insights 😍😍😍","text":"Thanks for sharing the valuable insights 😍😍😍","html":"Thanks for sharing the valuable insights 😍😍😍","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0}],"hasMoreComment":true,"orderType":2}