The Daily by moomoo

The Nasdaq-100 climbed 0.25% overnight as US markets reached further highs. There were mixed results from companies reporting. Alphabet's result boosted the tech megacaps, as it was seen generally supportive of their AI spend. But IBM fell 7.6% over disappointing results, while Telsa dropped 8.2% as Elon Musk warns of 'tough quarters ahead'. Intel reported a loss and is down more than 4% in overnight trading. We've seen a clear tre...

Strong rally resumes over US-Japan trade deal, and extension of China tariff pause. The US market jumped 0.8%, while Japan's Nikkei leapt 3.5%, with carmakers dominating the gains (most top 10 performance were auto companies). Toyota and Honda leapt more than 13%. There were mixed results from big US tech companies. IBM and Alphabet reported strong results after market close, but dropped 5%, while Alphabet was up. Tesla disappointe...

A selloff in big US technology stocks forced the Nasdaq-100 to close down 0.5% overnight. But the broader market retained its previous day's gains. Nvidia dropped 2.5%, but Alphabet, Tesla were up ahead of reporting tomorrow morning. Earnings results from Coca-Cola, Lockheed Martin, Philip Morris brought down their share prices. Big Australian miners are making solid gains this week as the powerful banks' flounder.

Stocks mentioned...

The US market reached a new record overnight. Verizon led gains, up 4% after a strong second-quarter report. The vast majority of US companies reporting so far are beating expectations. Focus remains on Alphabet and Tesla with results out Thursday morning AEST. Alphabet jumped more than 2% overnight in anticipation. While banks dragged down the ASX yesterday, the broader market could make gains today. An 11% gain for Block may have...

Markets dipped on Friday, but remained well up in a very strong week. Both the Australian and US markets rose more than 2%. That's the best performance in months for Australia. We're in for another strong news week with major US companies reporting, and some in Australia. So far, US company reports are strong, proving the resilience of that economy. We'll see if that continues as Google, Tesla and others report for the quarter.

Sto...

US, Australian sharemarkets are hitting new record highs. Aussie investors are expecting rate cuts now unemployment is rising here. And in the US, general economic data is strong, encouraging investors into riskier stocks. Commodities are also stronger, including iron ore, oil and silver. Block rose more than 5% on the ASX yesterday, continuing its strong recovery since May.

Stocks mentioned include Block, Broadcom, Microsoft, Netf...

US shares edged up overnight despite a poor response to solid earnings from big financial firms. Labour data will impact investor sentiment for the US and Australian markets today. Retail figures will also be important in the US tonight. The ASX opened up this morning, but fears CBA is overvalued remain persistent.

Stocks mentioned include Bank of America, Commonwealth Bank, GE Aerospace, Johnson & Johnson, Morgan Stanley, Netf...

US sharemarkets fell in overnight trading following the release of inflation data that showed an uptick in price growth. Investors are now concerned they won't be seeing rate cuts as soon as hoped. And the bond market continued to signal danger with a further increase in longer-dated yields. All this meant strong reports from US financials overnight weren't enough to save them from largely declining. Of note, the Hang Seng remains ...

Bitcoin hits an all-time high of US$123,218, continuing its uptrend since April. That added to the picture of a buoyant US market overnight, with stocks broadly ending up. Investors again shrugged off further US tariff threats (against Mexico, Europe and Russia) – evidenced by continuing stasis in the volatility index, a gauge of investor fear. With China increasing exports 5.8% in the first half of 2025, we could get good news fro...

US stocks dipped last week under the weight of inflation concern (not tariffs, which by and large investors are taking in their stride). While continuing enthusiasm for big tech minimised the week’s losses, with megacap Nvidia up 3.5% in the week, US inflation figures will be most important when they’re released Tuesday. And there’s speculation of stimulus activity from the Chinese government, which would likely boost investor sent...

Most big US tech stocks fell overnight, with Tesla down 5% after US President Donald Trump threatened the car company's subsidies. US renewable energy giant NextEra led gains in the sector as the 'Big Beautiful Bill' looks set to become law. And US casinos rocketed up after Macau reported high revenue in June. June. Bitcoin fell 7.7% overnight, dragging down alighed stocks such as Strategy.

Stocks, ETFs mentioned include Block, Com...

US stocks again hit records, with expectation of trade deals and rate cuts. That market has shown outstanding results this year, just as we've seen Australian shares record their biggest gains in years. Defence stocks are leading the charge in both markets. And we've seen gold stocks rally (the sector had its best half year since the global financial crisis). Specifically, Palantir recorded the biggest gain in the Nasdaq-100 for fi...

US shares jumped to a record last week, with Nvidia up 10%, Nike up 20%. Investors are seemingly unworried by tariffs, inflation and other issues. Oil slumped 12% last week, with stocks such as Occidental plummeting. The US healthcare sector is also down. Australian shares are on track for 10% gain as 2024-25 closes, with gold, defence leading gains over the past 12 months.

Stocks mentioned include Nike, Nvidia, Occidental, Virgin ...

Finance, technology, oil, gas rose overnight, pushing US markets to highs. A decline in US personal consumption expenditure boosted hopes of rate cuts. This all meant the Nasdaq-100 hit another record, with Nvidia, Netflix at new highs. Locally, the S&P/ASX 200 rallied above 8600 at open this morning. Virgin is holding steady from its Tuesday IPO, as is DroneShield after staggering gains this week.

Stocks mentioned include Apac...

The Nasdaq-100 index hit all-time high overnight as tech stocks surged. Investors have moved on from the Iran conflict, deepening their risk appetite. Because of that Nvidia reached a new record, climbing 4.3% to overtake Microsoft as the world's most valuable company. Locally, shares dipped at the open, we'll watch DroneShield, after its 20% jump yesterday over a European defence deal.

Stocks mentioned include Commonwealth Bank, D...

Markets broadly rallied overnight, with the Nasdaq up about 1%, following a seeming calm in the Iran-Israel conflict. In response, the price of US crude oil dropped, along with energy stocks, while most of the market rallied. Tesla shares surged more than 8% following its robotaxi launch, while competitor Google dipped. Locally, Virgin will list at 12pm today under code 'VGN'. The oil price drop is as good as Virgin could have hope...

Price of oil is rising as Middle East tension escalates, up more than 20% in the past month. In response to this tension, expect energy, 'safe haven' assets to rise and goldminers to rebound from last week. Virgin Australia will list on the ASX tomorrow so it'll be interesting to see how its share price performs at such a time. Focus on inflation reports out this week in the US and Australia.

Stocks mentioned include Virgin Austral...