Stocks Grind Higher As Dollar Weakens, Tesla Rockets On Analyst Boost: What's Driving Markets Monday?
Portfolio Pulse from Shanthi Rexaline
The S&P 500 and Nasdaq are expected to rebound due to strength in Tesla and Apple. However, a possible UAW strike and caution ahead of August inflation data could temper sentiment. Oracle's earnings, treasury yields, and oil prices will be in focus. The SPDR S&P 500 ETF Trust and the Invesco QQQ ETF gained in premarket trading. Tesla and Apple stocks also rallied in premarket trading. FuelCell Energy and Oracle are due to report their quarterly results.
September 11, 2023 | 10:44 am
News sentiment analysis
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POSITIVE IMPACT
Apple stock climbed about 0.75% ahead of Tuesday’s iPhone launch event.
The upcoming iPhone launch event is likely to generate positive sentiment among investors, potentially leading to an increase in Apple's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The Invesco QQQ ETF gained 0.50% in premarket trading.
The gain in premarket trading suggests positive sentiment among investors, which could lead to an increase in the ETF's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust rose 0.35% in premarket trading.
The rise in premarket trading suggests positive sentiment among investors, which could lead to an increase in the ETF's price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Tesla stock rallied 5.69% in premarket trading following a positive price target rerating by Morgan Stanley’s Adam Jonas.
The positive price target rerating by Morgan Stanley is likely to boost investor confidence in Tesla, leading to a potential increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Casey’s General Stores is due to report its quarterly results after the market close.
The upcoming earnings report from Casey’s General Stores could influence the stock price, but the direction will depend on the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
FuelCell Energy is due to report its quarterly results ahead of the market opening.
The upcoming earnings report from FuelCell Energy could influence the stock price, but the direction will depend on the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Oracle is due to report its quarterly results, which will be in focus for investors.
The upcoming earnings report from Oracle could influence the stock price, but the direction will depend on the results.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100