Stock Market Overview
Fri, Apr 19th, 2024
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Stocks Fall Back on Middle East Tensions and Chip Stock Weakness
Barchart - Fri Apr 19, 10:18AM CDT
The S&P 500 Index ($SPX) (SPY) this morning is down -0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.92%.Â
US stock indexes this morning are mixed, with the S&P 500 falling to a 1-3/4 month low and the Nasdaq 100 dropping to a 2-1/2 month low. Negative corporate news and escalating geopolitical risks are undercutting stocks.  Super Micro Computer is down more than -15% on earnings concerns after the company announced the date of its Q3 results but didn’t pre-announce results. Also, Netflix is down more than -8% after forecasting Q2 revenue below consensus. In addition, Jabil is down more than -3% after CEO Wilson was placed on paid leave pending the completion of an investigation related to corporate policies.Â
Demand concerns are weighing on chip stocks today after Taiwan Semiconductor Manufacturing Co, the world’s largest maker of advanced chips, scaled back its expectations for 2024 semiconductor... Read more
Up 67% YTD, Is Soundhound AI Overvalued?
Barchart - 10 minutes ago
Soundhound AI's shares have surged, thanks to Nvidia's investment in the company and growing enthusiasm surrounding AI. After a steep pullback, is the stock still overvalued?
Stock market today: Wall Street limps toward its longest weekly losing streak since September
AP - 57 minutes ago
Wall Street’s latest losing week looks to be coming to a relatively quiet close
1 Steel Stock Under $10 With 57% Upside Potential
Barchart - Fri Apr 19, 12:08PM CDT
Gerdau is an undervalued stock you can buy right now, as it trades at a compelling valuation and a significant discount to analyst estimates.
Tennessee Volkswagen workers to vote on union membership in test of UAW's plan to expand its ranks
AP - Fri Apr 19, 11:14AM CDT
The United Auto Workers’ ambitious drive to expand its reach to nonunion factories across the South and elsewhere faces a key test Friday night, when workers at a Volkswagen plant in Chattanooga, Tennessee,...
Netflix Stock Tumbles on Huge Gain in FCF - Shorting OTM Puts for Income Makes Sense Here
Barchart - Fri Apr 19, 10:59AM CDT
Netflix stock is down about 8% after releasing excellent earnings yesterday. This makes no sense despite market concerns about its reporting. Shorting OTM puts is attractive for income and a cheaper buy-in....
Why Netflix (NFLX) Shares Are Trading Lower Today
StockStory - Fri Apr 19, 10:31AM CDT
Why Netflix (NFLX) Shares Are Trading Lower Today
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