4 Stocks, 3 ETFs Trading Higher After June Jobs Report
Portfolio Pulse from Michael Juliano
Stocks and ETFs gained modestly after the June jobs report showed little change in unemployment. Traders are betting on a rate cut by the Federal Reserve in September. Top stock performers include Tesla, SAP, NXP Semiconductors, and Taiwan Semiconductor Manufacturing. ETFs like MicroSectors Solactive FANG Innovation 3X Leveraged ETNs, Direxion Daily NYSE FANG+ Bull 2X Shares, and SPDR Gold Shares also saw gains.
July 05, 2024 | 3:02 pm
News sentiment analysis
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POSITIVE IMPACT
MicroSectors Solactive FANG Innovation 3X Leveraged ETNs gained 1.45% after the June jobs report.
BULZ ETF's price increased due to positive market sentiment following the jobs report, indicating potential short-term gains.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
Direxion Daily NYSE FANG+ Bull 2X Shares moved up 2.2% after the June jobs report.
FNGG ETF's price increased due to positive market sentiment following the jobs report, indicating potential short-term gains.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
SPDR Gold Shares improved 1% after the June jobs report.
GLD ETF's price increased due to positive market sentiment following the jobs report, indicating potential short-term gains.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
NXP Semiconductors N.V. gained 0.66% to $274.10 in premarket trading after the June jobs report.
NXP Semiconductors' stock price increased due to positive market sentiment following the jobs report, indicating potential short-term gains.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
POSITIVE IMPACT
SAP SE moved up 1.4% to $205.94 in premarket trading after the June jobs report.
SAP's stock price increased due to positive market sentiment following the jobs report, indicating potential short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
Tesla Inc. jumped 1.77% to $250.41 in premarket trading following the June jobs report.
Tesla's stock price increased due to positive market sentiment following the jobs report, indicating potential short-term gains.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Taiwan Semiconductor Manufacturing Company Limited improved 1.32% to $182.89 in premarket trading after the June jobs report.
Taiwan Semiconductor's stock price increased due to positive market sentiment following the jobs report, indicating potential short-term gains.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70