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IWM

NVDA

QQQ

SPY

TSLA

US private sector activity showed stronger-than-expected growth in July, driven by a robust services sector, while manufacturing slipped into contraction. The Composite PMI rose to 55, and the Services PMI hit a 28-month high at 56. However, the Manufacturing PMI fell to 49.7. Inflation pressures eased, but input costs rose. The S&P 500, Nasdaq 100, and small caps declined, with Tesla and Nvidia experiencing significant drops.

Portfolio Pulse from Piero Cingari

July 24, 2024 | 2:55 pm

SAN

Banco Santander shares are trading higher after the company reported better-than-expected Q2 EPS results and a year-over-year increase for its Q2 sales results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:55 pm

AAPL

GOOGL

META

MSFT

NVDA

QQQ

SPY

TSLA

The Market Clubhouse Morning Memo for July 24th, 2024, provides a detailed analysis of SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. The memo outlines key price levels and potential movements for each asset, advising traders to monitor these stocks closely for breakouts or reversals. Significant economic data releases today are expected to increase market volatility.

Portfolio Pulse from RIPS

July 24, 2024 | 2:54 pm

FMX

Fomento Economico Mexicano (FMX) shares are trading lower following the company's Q2 financial results.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:54 pm

Visa, Inc. (NYSE:V) shares are trading lower after the company reported a slight revenue miss for the third quarter. Despite increases in payments volume, cross-border volume, and processed transactions, the stock is down 3.67% and trading below its 50-day moving average. Analysts have cut price targets but maintained an Overweight rating.

Portfolio Pulse from Erica Kollmann

July 24, 2024 | 2:51 pm

CHKP

Check Point Software shares are trading higher following the appointment of a new CEO.

Portfolio Pulse from Benzinga Newsdesk

July 24, 2024 | 2:51 pm

LCID

TSLA

Lucid Group Inc (NASDAQ:LCID) shares are trading lower by 4.46% to $3.32, likely in sympathy with Tesla Inc's mixed second-quarter earnings. Tesla's lower-than-expected earnings and forecast for slower growth have created negative sentiment around the EV sector, impacting Lucid's stock. Tesla's focus on cash reserves may also raise concerns about Lucid's liquidity in a competitive market.

Portfolio Pulse from Henry Khederian

July 24, 2024 | 2:49 pm

ENPH

FLEX

GPI

MANH

MAT

PRG

QXO

STX

Several major stocks, including AT&T, Group 1 Automotive, Mattel, and Seagate, saw significant gains on Wednesday despite a general market downturn. AT&T's shares rose following its second-quarter earnings report, while other companies like PROG Holdings, QXO, Flex Ltd., and Manhattan Associates also reported better-than-expected financial results, driving their stock prices higher.

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 2:46 pm

SNOW

Financial giants have shown a bearish trend in options trading for Snowflake (NYSE:SNOW), with 55% of trades being bearish. The major market movers are focusing on a price range between $120.0 and $190.0. Currently, SNOW is trading at $130.19, down by -1.82%. Analysts have mixed ratings with target prices ranging from $165 to $220.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 2:46 pm

SHOP

Deep-pocketed investors have adopted a bearish approach towards Shopify (NYSE:SHOP), as revealed by Benzinga's options scanner. The significant options activity includes 3 puts totaling $335,685 and 6 calls amounting to $186,695, with a general bearish sentiment. The expected price range for Shopify is between $60.0 to $70.0 over the next three months. Current trading volume is 1,453,004, with the stock price at $61.57, down by -1.74%. Analysts have mixed ratings, with an average price target of $81.25.

Portfolio Pulse from Benzinga Insights

July 24, 2024 | 2:46 pm