Both Tesla and Google (Alphabet) recently reported disappointing earnings, which has led to a drop in their share prices.
- Tesla: Tesla’s earnings nearly halved compared to last year due to an ongoing price war in the electric vehicle market. This resulted in the weakest profit margins Tesla has seen in five years, causing its shares to drop by 7.7% in premarket trading.
- Google (Alphabet): Google reported mixed second-quarter results. While it topped earnings forecasts, it noted that capital spending would remain high and global ad sales might decline. This led to a 3.4% drop in Google’s shares in premarket trading.
Both Tesla and Google are imploding after hours.
Since the debate, small banks have been the best sector price performer while having the worst earnings. As we see, the KRE ETF has returned to the scene of the criminality.
If third wave down is beginning globally, then this… pic.twitter.com/nMQj7T7RlU
— Mac10 (@SuburbanDrone) July 23, 2024
When Biden got the nomination back in March 2020 it was only because the 2nd, 3rd, and 4th place candidates threw all of their votes to the fifth place Biden. They did that to defeat first place Bernie Sanders. The market rallied on the news into Super Tuesday.
After that it… pic.twitter.com/kT3VWY1aYn
— Mac10 (@SuburbanDrone) July 23, 2024
The Bank of Japan can't raise rates while every other central bank is cutting rates and while currency traders are record short the Yen.
I don't know if anyone has figured that out yet, but they will learn soon enough. What's coming will make August 2015 seem like a good time. pic.twitter.com/NrekaMjb5C
— Mac10 (@SuburbanDrone) July 23, 2024
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