?? Toyota's Electric Push: Challenging Tesla?
S&P 500 5,187.69 +6.95 (+0.13%)
Dow Jones 38,883.80 +31.53 (+0.08%)
NASDAQ 16,332.56 -16.69 (-0.10%)
Market close: May 7, 2024
Breaking News
Toyota, known for hybrids, is investing heavily in electric vehicles, ?? AI, and hydrogen tech, expecting profit decline. This poses a competitive threat to Tesla amid rising U.S. hybrid sales and Chinese rivals. While Toyota's recent profits surged, its shares dipped in Tokyo, contrasting Tesla's stock downturn. MarketWatch reports.
(Image ource: Unslash by Christina Telep)
The Warm Up
Wayve-lous: Wayve, a London-based startup, secured a monumental $1 Billion in funding led by SoftBank, Nvidia, and Microsoft to advance its embodied AI technology for autonomous vehicles. TheNextWeb reports.
PaperPuzzle: Brazilian pulp and paper company Suzano?has approached U.S.-based International Paper, to express interest in an all-cash acquisition that would be worth almost $15 Billion, according to people familiar with the matter. Reuters reports.
iPaddle: Apple announced new versions of its iPad Air and iPad Pro tablet computers on Tuesday in a short video posted on its website. ?These are the first new iPad models Apple has released since Oct. 2022. CNBC reports.
BoeingBungle: Boeing's astronaut launch delay due to a valve problem is the latest delay for Boeing's Starliner after the project was delayed for years because of problems with the capsule. It was due to launch on top of an Atlas V rocket which would have sent astronauts Barry Wilmore and Sunita Williams on their way to the International Space Station. SKY News reports.
Tradequake: Tradeweb Reports April 2024 Total Trading Volume of $41.9 Trillion and Average Daily Volume of $1.94 Trillion. Yahoo Finance reports.
Streamopoly: Disney (DIS) CEO Bob Iger praised the company's biggest streaming competitor on Tuesday after detailing plans about its own upcoming crackdown on password sharing. Yahoo Finance reports.
A Question About Risk
Bob Iaccino is a chief market strategist and co-founder of Path Trading Partners. He joins us live every Thursday from 11am ET, as our risk management educator.
What methods or tools could retail traders adopt from hedge funds to improve their risk management process?
There are two key answers to this and the first is to trade in percentages and not in dollars. If you ever hear anyone interview, for example, someone like Stanley Druckenmiller, they will tell you how much the fund is up by percentage, not by money. That’s because the amount they’re up in terms of dollars doesn’t matter. The second thing is diversification of assets within single strategies. I say that because if you have a strategy that operates well on multiple assets, they all have market conditions that are favorable for the strategy.
Every strategy has market conditions that are favorable for the strategy and unfavorable for the strategy. Asset classes go in different cycles at different times. So, maybe you’re trading the ‘SPY’ and it’s not doing so well but maybe the ‘GLD’ ETF is doing better. You have to stick to one or two strategies and then diversify them across asset classes.
Yesterday’s Biggest Movers
The closing price of the top three market percent gainers trading near or above $3 on May 7.
(All pricing and percent gains are based on regular market trading hours from 9:30am to 4:00pm Eastern Time)
1. $GSUN: Golden Sun Healt
Total gain: (69.6%)
Golden Sun Healt announced that the Company received a written notification from the Nasdaq Stock Market LLC on May 3, 2024, informing the Company that it has regained compliance with the Nasdaq's minimum bid price requirement. Benzinga reports.
2. $NUZE: NuZee, Inc
Total gain: (55.6%)
The stock appeared to be moving on no notable news.
3. $MTC: MMTec, Inc
领英推荐
Total gain: (46%)
The stock appeared to be moving on no notable news.
Today’s Notable Earnings
(Estimate and Actual numbers represent Earnings Per Share in US Dollars)
HUBS HubSpot
1Q 2024
After Market Close Estimate: 1.50 Actual: N/A
NYT New York Times
1Q 2024
Before Market Open Estimate: 0.20 Actual: 0.31
FOXA FOX
3Q 2024
Before Market Open Estimate: 0.96 Actual: 1.09
Today’s Key Economic Dates
Time (ET) / Report / Period
10:00 am Wholesale Inventories - March
11:00 am Federal Vice, Chair Philip Jefferson, speaks
11:45 pm Boston Federal President, Susan Collins, speaks
1:30 pmFederal Governor, Cook, speaks
Extra-Time
Visit Our Knowledge Corner
Parting Thoughts
"People who succeed in the stock market also accept periodic losses, setbacks, and unexpected occurrences. Calamitous drops do not scare them out of the game." ― Peter Lynch
Sourced in: One Up On Wall Street: How To Use What You Already Know To Make Money In The Market by Peter Lynch
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