Previous close | 92.50 |
Open | 92.50 |
Bid | 96.85 |
Ask | 97.30 |
Strike | 160.00 |
Expiry date | 2025-12-19 |
Day's range | 92.50 - 92.50 |
Contract range | N/A |
Volume | |
Open interest | 552 |
The Magnificent Seven — the grouping of tech stocks Meta Platforms (META), Microsoft (MSFT), Alphabet (GOOGL, GOOG), Amazon (AMZN), Apple (AAPL), Nvidia (NVDA), Tesla (TSLA) — has been a tremendous growth driver for the S&P 500 (^GSPC), particularly in 2024. But is it about time for this growth trend to broaden out to other corners of the market? Yahoo Finance anchor Madison Mills dissects Bank of America's forecast of where it sees growth drivers reaching the other 493 names in the S&P a year from now. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan.
After General Motors (GM) and Hyundai (HYMTF) announced a joint agreement to explore clean energy technologies and other automotive advancements, Wolfe Research managing director and senior research analyst Emmanuel Rosner joins Market Domination hosts Julie Hyman and Josh Lipton to explain why he is cautious about the auto industry. “There are some real unprecedented structural challenges for the industry,” Rosner says, explaining that “megatrends” in the space, like electrification, autonomous driving, and software adoption, are “taking significantly longer to play out” than initially expected. “Automakers have been making massive investments” into these trends but are yet to see the payoff as monetization is “taking significantly longer.” Rosner notes that "massive market share shifts” also affect the auto industry as “there have been some winners in electrification,” namely Tesla (TSLA) and Chinese automakers. “The five Chinese OEMs and Tesla have essentially been winning," taking market share from traditional automakers. The analyst remains cautious about the auto industry at large, saying that given these “tremendous structural challenges.” For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Naomi Buchanan.
Tesla stock is meeting resistance at its 50-day moving average in the run-up to the Oct. 10 robotaxi event.