AI Stocks Show Asymmetry On Expectations Proving Too High, Wall Street Preps For Presidential Debate
Portfolio Pulse from The Arora Report
The article discusses the high expectations surrounding AI stocks, using Micron (MU) as an example. Despite good earnings, MU stock fell due to inline revenue guidance. The article also covers money flows in major tech stocks and ETFs, and provides insights on the upcoming presidential debate's potential market impact.
June 27, 2024 | 5:11 pm
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POSITIVE IMPACT
Money flows are positive in Apple Inc (AAPL) in early trade.
Positive money flows indicate investor confidence in AAPL, likely leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Money flows are positive in Amazon.com, Inc. (AMZN) in early trade.
Positive money flows indicate investor confidence in AMZN, likely leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Money flows are positive in Invesco QQQ Trust Series 1 (QQQ) in early trade.
Positive money flows indicate investor confidence in QQQ, likely leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
Money flows are positive in SPDR S&P 500 ETF Trust (SPY) in early trade.
Positive money flows indicate investor confidence in SPY, likely leading to a short-term price increase.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEUTRAL IMPACT
Money flows are neutral in Alphabet Inc Class C (GOOG) in early trade.
Neutral money flows suggest a balanced sentiment among investors, likely leading to stable short-term prices.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Money flows are neutral in Meta Platforms Inc (META) in early trade.
Neutral money flows suggest a balanced sentiment among investors, likely leading to stable short-term prices.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Money flows are neutral in Microsoft Corp (MSFT) in early trade.
Neutral money flows suggest a balanced sentiment among investors, likely leading to stable short-term prices.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 50
NEGATIVE IMPACT
Micron (MU) stock fell despite good earnings due to inline revenue guidance, highlighting high expectations for AI stocks.
Micron's stock fell because its revenue guidance was only inline with consensus, not exceeding it as the market had hoped. This indicates that expectations for AI stocks are very high, and any perceived shortfall can lead to a negative stock reaction.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEGATIVE IMPACT
Money flows are negative in NVIDIA Corp (NVDA) in early trade.
Negative money flows indicate a lack of investor confidence in NVDA, likely leading to a short-term price decrease.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50
NEGATIVE IMPACT
Money flows are negative in Tesla Inc (TSLA) in early trade.
Negative money flows indicate a lack of investor confidence in TSLA, likely leading to a short-term price decrease.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 50