Turnover TOP20: Tesla Shanghai Gigafactory officially resumed production on Tuesday

On Tuesday, the US stock market turnover champion Tesla closed up 2.38%, with a turnover of $16.9 billion; No. 3 Apple closed up 1.41%, with a turnover of $11.3 billion; Amazon closed up 3.49%, with a turnover of $8.6 billion.

U.S. stocks closed higher on Tuesday, led by technology stocks. The Dow rose 500 points and the Nasdaq rose more than 2%. Investors are concerned about this week’s intensive earnings report and the trend of bond yields. The total number of new U.S. housing starts in March hit the highest level since 2006.

The Dow rose 499.51 points, or 1.45%, to 34911.20; the Nasdaq rose 287.30 points, or 2.15%, to 13619.66; the S&P 500 rose 70.52 points, or 1.61%, to 4462.21.

U.S. Treasury yields continued to climb on Tuesday, with the 10-year yield rising to 2.909%, the highest level since late 2018. The yield on the U.S. 30-year Treasury bond has topped 3% for the first time since early 2019.

Several companies will report earnings this week, including Johnson & Johnson, IBM and Netflix, among others. This followed disappointing earnings reports from some of the largest banks.

In terms of Fed monetary policy, Chicago Fed President Evans on Tuesday expected interest rates to rise above neutral. He said rates could rise above levels that neither dampen nor accelerate the economy, and how much higher would depend on whether inflation cools as expected.

U.S. stock market turnover champion Tesla (TSLA.US) closed up 2.38% on Tuesday, with a turnover of $16.9 billion. Tesla’s Shanghai Gigafactory officially resumed work on Tuesday (April 19). According to the data, according to the production capacity of Tesla’s Shanghai plant by the end of 2021, the weekly output of complete vehicles is close to 10,000 units under normal conditions.

Tesla will announce its first-quarter 2022 earnings on Wednesday (April 20), and the market will pay close attention to whether it can continue to maintain a high growth rate. Tesla’s adjusted earnings per share more than doubled from a year earlier to $2.26, according to FactSet analyst estimates. Revenue is expected to rise 69% to $17.595 billion.

No. 3 Apple (AAPL.US) closed up 1.41% with $11.3 billion. Apple announced Tuesday that nearly 20 percent of the materials used in its 2021 products are recycled.

It has also been reported that some employees at Apple retail stores in New York state are seeking to form trade unions to raise wages. The organizers want Apple to raise their minimum wage to $30 an hour. Earlier this year, employees at the Apple retail store at Grand Central Terminal in New York took steps to unionize and released its first public-facing website.

No. 4 Amazon (AMZN.US) closed up 3.49% with $8.6 billion. According to reports, Amazon’s job listings indicate that they may be the next big tech company to enter the AR space, and the company is hiring for the corresponding talent.

No. 6 Netflix (NFLX.US) closed up 3.18% at $7.1 billion. The company reported earnings after the market closed on Tuesday. The financial report shows that its net addition of paid members in the first quarter was 500,000.

No. 8 $Twitter (TWTR.US) $ closed down 4.73%, with a turnover of $5.9 billion. Market research firm Rosenblatt believes that Musk’s acquisition plan is unlikely to succeed, giving Twitter a “neutral” rating and a target price of $48.

According to media reports, Musk’s deal to buy Twitter does not appear to be getting help from private equity firms. Musk is said to be willing to put $10 billion to $15 billion of his own cash in a bid for Twitter, compared to his previous offer of $43 billion.

No. 13 Alibaba (BABA.US) closed down 1.28% at $2.21 billion.

No. 18 Pfizer Inc (PFE.US) closed down 3.2 percent, with a deal of $1.65 billion. According to reports, demand for Pfizer’s new crown oral drug Paxlovid is far below supply. Judging from the data and expert opinion, global demand for Pfizer’s new crown oral drug Paxlovid has unexpectedly decreased due to complex use requirements, reduced new crown testing, the perception that the Omicron variant strain is not serious, and potential drug interactions. Data from previous clinical trials showed the drug reduced the risk of hospitalization or death by 89 percent.

The following are the 20 most actively traded stocks on the U.S. stock market that day (by turnover):

edit/emily

This article is reprinted from: https://news.futunn.com/post/14672172?src=3&report_type=market&report_id=203459&futusource=news_headline_list
This site is for inclusion only, and the copyright belongs to the original author.

Leave a Comment