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The Stockmarket on 13.10.2023: What to Expect Today and Stocks to Watch
Stocks to Watch
Stocks in Focus Today:
1. Dollar General (DG): Shares of the retailer jumped about 8% in after-hours trading after naming former CEO Rick Dreiling as chairman of its board.
2. Tesla (TSLA): Shares of electric-car maker fell about 4% in after-hours trading after CEO Elon Musk took part in a satellite launch event as opposed to the company’s quarterly earnings call.
3. Microsoft (MSFT): Shares of the technology giant are up about 7% in pre-market trading after it announced its Azure cloud platform revenue grew 48% during its latest quarter.
4. Apple (AAPL): Shares of the tech giant are up over 4% in pre-market trading after it reported strong sales of its new iPhone 12 and Mac computer products.
5. Boeing (BA): Shares of the aerospace giant are up nearly 4% in pre-market trading after it announced it had sold 28 new commercial jets during the third quarter.
Overall, investors are expecting the markets to close up modestly today due to strong earnings from tech giants like Microsoft, Apple, and Boeing. However, market sentiment could also be affected by the continued rise in coronavirus cases and potential disruptions to the economy.
Stocks to Watch
- Dow Futures Indicate Modest Gains as Investors Await Stimulus Update: The Dow Jones Industrial Average is set to open slightly higher as the Senate is expected to reconvene to discuss the…
- European Stocks Close Lower as Stimulus Talks Continue: European markets closed in the red on Tuesday as talks over a U.S. stimulus package continue in Washington…
- Stocks in Focus Today:
A few stocks that may be in focus today include:- Apple (AAPL) – The tech giant could be in focus as it launches its first 5G iPhones.
- Microsoft (MSFT) – The company has been selected to build the Pentagon’s cloud computing system.
- Tesla (TSLA) – Elon Musk’s electric carmaker has announced it will build its first European factory in Germany.
- JP Morgan Chase (JPM) – The banking giant posted strong
earnings results today, beating analyst expectations. - Chevron (CVX) – Chevron has announced plans to lay off 15% of its workforce over the next two years.
Stocks to Watch
It looks like the bulls are charging the market today, as investors react positively to Dollar General’s announcement that it has selected Greg Sandfort to become its new CEO. The news sent the stock up nearly 8%, making it one of the top performers in the market today. Other stocks that are in focus today include Visa, as it reports quarterly earnings, and Apple, which is expected to launch new iPhones next month. As for the overall market, futures are indicating a slightly higher open on the S&P 500 and Nasdaq Composite, while the Dow futures remain slightly in the red. With earnings season in full swing, investors will be looking for any signals that the economy is recovering from the pandemic, but for now it looks like the market is bullish on today’s news.
Stocks to Watch
Stocks in Focus Today:
1. Apple Inc. (AAPL)
2. Microsoft Corporation (MSFT)
3. Amazon.com, Inc. (AMZN)
4. Tesla, Inc. (TSLA)
5. Bank of America Corporation (BAC)
6. Exxon Mobil Corporation (XOM)
7. Johnson & Johnson (JNJ)
8. JPMorgan Chase & Co. (JPM)
9. Walmart Inc. (WMT)
10. Chevron Corporation (CVX)
News about the Stock Market today:
The U.S. stock market opened higher this morning with the Dow rising over 200 points, buoyed by positive economic data. June jobless claims came in better-than-expected as the Feds reported the biggest one-week decline in jobless claims in almost five months. The Nasdaq Composite also rose 0.87% as Apple and Alphabet shares gained. Investors are also awaiting key earnings reports from Johnson & Johnson and JPMorgan later today. Meanwhile, gold prices are up 0.5% and oil prices have risen nearly 1%. Investors are keeping close tabs on the ongoing developments to the U.S.-China trade negotiations as reports indicate that the two countries are making some progress in the talks.
Learn more at www.stockmarket-tomorrow.com
Disclaimer:
The information provided in this article is for informational purposes only and should not be considered as investment advice. The stock market can be volatile, and investing in stocks carries risks. Always do your own research and consider consulting with a financial advisor before making any investment decisions.
