Key TakeawaysAmazon said Wednesday that it is making a trio of investments in nuclear energy efforts.The investments are meant to help meet Amazon's rising electricity demands, and support its transition to clean energy, the company said. The investments include both private and public companies, and will support the development of small nuclear reactors in Virginia and Washington. Amazon (AMZN) is the latest tech giant to invest in nuclear power to help meet its rising electricity demand and power its ener ...

Key TakeawaysPrologis exceeded analysts' estimates for third-quarter profit and revenue as the real estate market began to recover from its slump.Core funds from operations (FFO) climbed 10%, more than expected, driving the gains.Prologis boosted the low end of its full-year guidance for earnings and core FFO. Shares of Prologis (PLD) advanced Wednesday when the largest industrial real estate firm posted better-than-anticipated results and solid guidance on strong funds from operations (FFO).  The real esta ...

Group 1 - Apple shares reached a new record high of $237.49 during intraday trading, coinciding with the launch of the latest iPad Mini [1][2] - The stock has increased over 20% since the beginning of the year, but has traded sideways for the past three months due to concerns over the delayed rollout of Apple Intelligence [2] - A bullish golden cross signal was formed in June when the 50-day moving average crossed above the 200-day moving average, leading to an upward trend before entering an ascending triangle pattern [3] Group 2 - Key overhead levels to monitor include $237, which may attract significant interest, and a potential bullish target of $270 based on the measuring principle from the ascending triangle [4] - Crucial support levels to watch during potential retracements include $233, which may act as new support, followed by $225 and $218 as deeper pullback levels [5][6] - The highest trading volume since September 20 indicates institutional investing, suggesting strong market interest in Apple shares [3]

Stock Performance and Market Reaction - Nvidia's stock fell 4.7% on Tuesday, closing at $131.60, following a record closing high the previous session [1][2] - The decline was triggered by reports that the Biden Administration is considering AI chip export curbs to some Middle Eastern countries, which tempered optimism about surging demand for Nvidia's chips [1][2] Technical Analysis and Price Levels - Nvidia shares broke out above a multi-month symmetrical triangle earlier this month, but the breakout occurred on below-average volume, indicating a lack of conviction behind the move [1][3] - Key support levels to watch include $125, $115, and $97, with a breakdown below $125 potentially confirming a bull trap [4] - A bullish price target of $177 is projected using a measured move, which is approximately 34% above Tuesday's close [6] Market Sentiment and Trading Activity - Tuesday's selling registered the highest daily share turnover in nearly a month, raising the possibility of a potential bull trap [3] - Investors should monitor the stock's performance around key support levels and the projected bullish price target for potential trading opportunities [4][6]

Key TakeawaysThe S&P 500 fell 0.8% on Tuesday, Oct. 15, 2024, as semiconductor stocks tumbled, weighing on the index. Shares of semiconductor equipment makers KLA, Applied Materials, and Lam Research led losses after weak results from peer ASML, reports of potential U.S. export restrictions, and price target cuts by Raymond James analysts.Walgreens shares surged as the pharmacy giant beat quarterly estimates and laid out a plan to turn around its business. Major U.S. equities indexes moved lower Tuesday as ...

Key Takeaways - Apple shares reached a new record high of $237 49 during Tuesday trading, driven by the announcement of the new iPad Mini [1] - The new iPad Mini, launching on October 23, starts at $499 and features the A17 Pro chip, enabling compatibility with Apple's upcoming AI features and the new Apple Pencil Pro [1][2] - Apple shares closed up 1% at $233 85 on Tuesday, with a year-to-date gain of approximately 21% [3] Product Details - The new iPad Mini is powered by the A17 Pro chip, previously used in high-end iPhone 15 models, and will support Apple's AI features rolling out this month [1][2] - The device is available in multiple colors and storage capacities, with preorders starting on the announcement day [1] - The iPad Mini is designed to appeal to a wide range of users, offering intelligent, powerful, and private features [3] Market Reaction and Analyst Concerns - Apple shares briefly hit an intraday record high of $237 49, surpassing the previous peak of $237 23 set in July [3] - Some analysts expressed concerns that the delayed rollout of AI features, coming a month after the iPhone 16 launch, might dampen customer excitement and slow sales until the features are available [3]

Key TakeawaysLarge U.S. banks such as JPMorgan and Bank of America exceeded quarterly earnings expectations.Asset and wealth management divisions benefited from surging U.S. stock and bond markets.Most large banks increased their cushion for potential credit losses, a possible red flag for the U.S. economy. Large U.S. banks exceeded profit expectations in the third quarter. But most also set aside more money for potential credit losses, a possible warning sign for the economy. JPMorgan Chase (JPM), Wells Fa ...

Key TakeawaysNvidia and other chip stocks lost ground Tuesday, weighed down by a report that the Biden administration is considering caps on exports to certain nations.Bloomberg said the focus was on Persian Gulf countries that have growing interest in AI and the means to purchase the technology.Also weighing on the sector was a warning from chipmaker equipment company ASML Holding about non-AI demand. Nvidia (NVDA) shares fell from yesterday's all-time closing high, and shares of other chipmakers declined, ...

Earnings and Financial Performance - ASML Holding accidentally released its third-quarter results a day earlier than expected, causing a significant drop in its New York Registry Shares [1] - Third-quarter net sales were 7.47 billion euros, exceeding estimates, but net bookings of 2.63 billion euros fell well short of the expected 5.59 billion euros [2] - The company's 2025 net sales outlook is now projected to be between 30 billion euros and 35 billion euros, which is at the lower end of its previously forecast range and below the analyst consensus estimate of 36.10 billion euros [1] Market and Industry Trends - ASML's CEO highlighted that while there is strong development and upside potential in AI, other market segments are recovering more slowly than expected, leading to customer cautiousness [3] - The slower-than-expected recovery is anticipated to continue into 2025, impacting the company's performance [3] Stock Performance - ASML shares experienced a 17% intraday drop on Tuesday, pushing the stock into negative territory for the year [3]

Key TakeawaysCharles Schwab stock jumped to a three-month high after the financial services company reported third-quarter results above what analysts had expected.Revenue and profits rose year-over-year, while net interest income dropped slightly.The investment management firm also lifted its revenue projections for the full year. Charles Schwab (SCHW) shares soared Tuesday as the financial services company reported better third-quarter results than analysts had expected, and also lifted its projections fo ...