Hi, Tigers!
Welcome to Daily Discussion! This is the place for you to share your trading ideas and win coins!
[Rewards]
We will reward you with 50 Tiger Coins when you share your knowledge about stocks and markets here, depending on quality and originality.
[Winners Announcement:7 Apr]
1.Here are the 5 Tigers whose post has the best quality & interaction yesterday:
Congratulations on being offered 50 Tiger Coins!
American Airlines Stock Should You Buy Now?
US Market: CPI fuels More Sell-Off this Week ?
2.Here are the stocks mentioned by the above Tigers: $Consumer Staples Select Sector SPDR Fund(XLP)$ (Not investment advice)
And let's congratulate these Tigers for winning 5-40 Coins:
Below are Today's Key Takeaways.
Top News Move the Market
Apple fell 3.7% to $181.46 after the iPhone maker declined 7.3% on Friday. Wedbush analyst Dan Ives cut his price target on the stock to $250 from $325. Apple's market cap sank $443.5 billion last week, the largest weekly market cap decline on record, according to Dow Jones Market Data. The stock dropped 13.6% last week, its worst week since the week ended March 30, 2020, when it plummeted nearly 18%. A large majority of Apple's products are assembled in China, which retaliated Friday to Trump's tariffs by launching a 34% levy on all imported goods from the U.S., effective Thursday.
Tesla Motors declined 2.6% to $233.29 after dropping 10% on Friday. The stock's closing high was $479.86 last December. Tesla dropped 9.2% last week, marking the stock's tenth down week in the past 11. Wedbush' analyst Dan Ives, a longtime Tesla bull, reduced his price target on the stock to $315 a share from $55o, with Ives writing in a research note that a brand crisis created by CEO Elon Musk, combined with the Trump tariffs, equaled a "perfect storm for Tesla." Ives still rates the shares a Buy.
The Dow Jones Industrial Average fell 349.26 points, or 0.91%, to 37,965.60, the S&P 500 lost 11.83 points, or 0.23%, to 5,062.25 and the Nasdaq Composite gained 15.48 points, or 0.10%, to 15,603.26. Palantir Technologies Inc. rose 5%; IONQ Inc. rose 10%; Rigetti Computing rose 11%.
All right, here is all the market information we would like to share with youοΌ
What news/movements are worth noting in the market today? Any stocks to watch?
Do you have any trading plans?
Is there anything you would like to share about your trades today?
[How to participate]
Directly post content in the comments section (Note: Make sure the "Also Post" button is ticked!)
Share your ideas on the trading opportunities or the market trends, and you will win coins!
Stay safe and good luck with your investing!
Comments