To The Moon

* Investors remain cautious during tech earnings season

🇺🇸 S&P 500: -0.16% 📉

🇺🇸 Nasdaq: 0.16% 📈

🇪🇺 Stoxx 600: 0.13% 📈

🇯🇵 Nikkei 225 Index: -0.01% 📉

🇭🇰 Hang Seng Index: -0.94% 📉

🇨🇳 CSI 300 Index: -2.14% 📉

* U.S. stocks were mixed, with the S&P 500 down -0.2% and the Nasdaq Composite up 0.2%, as upbeat earnings from tech giants dampened investors' lofty expectations.

* Asia-Pacific markets fell, with the Hang Seng Index and the CSI 300 Index falling -0.9% and -2.1% respectively, as investors awaited clarity on policy support after the Third Plenary Session of the Central Committee of the Communist Party of China expressed confidence in achieving development and growth targets by the end of the year. Several ministries and commissions Their respective detailed plans will be released.

💡 Future events: 💡

* The preliminary U.S. manufacturing PMI and service industry PMI values, as well as the preliminary Japanese manufacturing PMI value, will be released on Wednesday.

* U.S. advanced GDP and jobless claims will be released on Thursday.

* At the end of the week, we have the U.S. core PCE price index for the month, revised University of Michigan consumer sentiment and inflation expectations.

💡 Things you need to know today: 💡

1. Tesla's stock price fell after the bell, failing to meet profit expectations for the fourth consecutive quarter. The long-awaited launch of Robotaxi has been pushed back from August to October, while early promises of artificial intelligence helped boost investor sentiment by sending the stock higher ahead of earnings.

Tesla Robotaxi

2. Alphabet's $Alphabet(GOOGL)$  earnings grew slightly better than expected - the smallest increase since early 2023. While the tech giants continue to outperform, their profit growth appears to have peaked, paving the way for further pivoting to other parts of the market.

3. LVMH $LVMH-Moet Hennessy Louis Vuitton(LVMHF)$  sales growth slowed last quarter as wealthy shoppers spent less on pricey Louis Vuitton handbags and Christian Dior fashions. Organic revenue at the luxury group's fashion and leather goods unit, its largest unit, rose 1%, half the expected increase. Sales fell 14% in regions including China, but that was partly offset by strong spending by Chinese tourists overseas, particularly in Japan, where sales rose 57% amid a weak yen.

LVMH

4. Coca-Cola's $Coca-Cola(KO)$ profit exceeded expectations and it raised its full-year forecast, but foreign exchange is expected to weigh on its performance again. Global unit case volumes were up, but down slightly in North America, and overall prices were up 9% year-on-year, but about half of that came from hyperinflation in some markets, such as Argentina. Prior to this, Coca-Cola's rival, Pepsi-Cola, reported weakening consumer demand in the United States.

Coca-Cola

KEY TAKEAWAYS:

Technology stocks have regained momentum as key earnings reports this week brought optimism, with Microsoft and Apple still in focus due to reports next week.$Semiconductor Bull 3X Shares(SOXL)$  $Nasdaq100 Bull 3X ETF(TQQQ)$  

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