Truist cuts Netflix estimates, stays on sidelines into earningsA look ahead at Netflix's (NASDAQ:NFLX)$Netflix(NFLX)$ highly anticipated earnings report has led to newly lowered estimates at Truist Securities, which is staying Neutral on the stock as it evaluates the advertising opportunity ahead.Mobile app download growth - a proxy for gross subscriber additions - decelerated a bit in the second quarter, thanks to slowdowns in the U.S./Canada and Asia Pacific, analyst Matthew Thornton says. And he's in line with his expectations on subscribers (after the company guided to a 2M drop in subs), implying a modest improvement in churn.He's now expecting revenues to come in slightly worse than the rest of the Street, at $7.97B

$SUPER MICRO COMPUTER INC(SMCI)$  Super Micro Computer Is Taking A Breath, The Run-Up Should Continue Super Micro Computer experienced significant growth in Q2'24, playing a central role in the transition to higher capacity computing in the GenAI renaissance. JPMorgan analyst predicts substantial growth in the broader hardware market as AI takes form, presenting an opportunity for SMCI's advanced compute systems. SMCI has plans to expand its production capacity and facilities, aiming to reach a $25 billion annual revenue target and drive significant revenue growth. The company's strong foothold in the AI market, strategic partnerships with companies like Nvidia, and impressive financial performance make it well-positioned for the AI boom. Sup

Nasdaq, S&P 500, Dow rise again as Wall Street gets more comfortable with Fed stance $Nasdaq100 Bull 3X ETF(TQQQ)$  Extending momentum that began the previous session, U.S. stocks finished higher again, recovering some of the losses recorded in recent weeks. The upswing over the last couple days came amid signs that Wall Street has become more comfortable with the current path of the Federal Reserve. The Nasdaq Composite (COMP.IND) closed +2.0%, the S&P 500 (SP500) finished +1.6% and the Dow (DJI) ended +1.2%. With strength in tech, Nasdaq climbed 226.02 points to close at 11,689.01. The S&P 500 concluded trading at 4,045.64, an advance of 64.29 on the day. Meanwhile, the Dow rose 387.40 points to end at

Equinix plans ~$74M IBX center in Jakarta Equinix $Equinix(EQIX)$ is planning to establish an ~$74M International Business Exchange data center in Jakarta, Indonesia. Scheduled to open by the second half of 2024, the eight-story facility will be located in Jakarta's Central Business District in close proximity to major internet exchanges. It will provide over 1,600 cabinets and over 5,300 sqm of colocation space when fully built. Through this expansion, Equinix (EQIX) will enable local businesses as well as multinationals with a presence in Indonesia, to access its platform to interconnect the foundational infrastructure to power their businesses. Inclusive of this recent announcement, the digital infrastructure company has 50 major projects that

iPhone 14 pre-order demand is 'robust,' tracking 'slightly ahead' of iPhone 13: WedbushApple's $Apple(AAPL)$ new iPhone 14 became available for pre-order on Friday and investment firm Wedbush Securities said the demand for the new smartphone looks "robust" and is tracking ahead of expectations.Analyst Dan Ives, who has an outperform rating and a $220 price target on Apple (AAPL), noted that the delivery times for many Pro models have now been pushed out to mid-October, with most pre-orders now seeing delivery times between three and four weeks out."So far demand and orders for iPhone 14 are tracking slightly ahead of iPhone 13 and are tracking ahead of our expectations out of the gates," Ives wrote in a note to clien

NIO Q2: The Good, The Bad, And The UglyShares of NIO Inc. (NYSE:NIO) $NIO Inc.(NIO)$jumped after the electric vehicle ("EV") manufacturer submitted its Q2'22 earnings sheet, but they couldn't hold on to all of their gains as investors dug a little more into the company's results. While NIO beat revenue predictions, the EV company missed on earnings due to widening losses related to production setbacks in the second quarter. The outlook for Q3'22 deliveries is good, but headwinds are growing for NIO and the stock. The good: Earnings beat, robust delivery forecast for Q3NIO's second-quarter earnings card was mixed, with revenues beating expectations by a large margin, but widening losses caused the electric vehicle manufactu

New York Fed's Williams expects inflation to fall 'significantly' next year As the Federal Reserve attempts to tamp down consumer prices through its aggressive monetary-tightening policy, inflation is set to come down substantially at some point in 2023 , New York Fed President John Williams said at the SUNY Buffalo State campus Friday. September's Summary of Economic projections showed the median prediction for core PCE inflation, the Fed's preferred inflation gauge, will be 4.5% in 2022, 3.1% in 2023 and 2.3% in 2024. That compares with 4.9% in August, which is well above the Fed's 2% objective. The central bank has already lifted the benchmark lending rate by 300 basis points for five straight meetings, though the Federal Open Market Committee sees further increases will be needed to ta

Apple is reportedly moving some MacBook production out of China and into Vietnam Apple$Apple(AAPL)$  is reportedly looking at some options to continue diversifying its manufacturing options, this time looking at moving some production of its MacBook computers out of China and into to Vietnam. The U.S tech giant has asked Foxconn, also known as Hon Hai Precision (OTCPK:HNHPF), to start making MacBooks in Vietnam as soon as May, Nikkei Asia reported, citing sources close to the matter. Earlier this month, it was reported that only high-end versions of the Mac would come to Vietnam, given how extensive and complex the supply chain is for computers. Vietnam already produces some Apple (AAPL) products, including AirPods, iPads and Apple Watch. Cup

Valero, Marathon Petroleum largest buyers in Strategic Petroleum Reserve saleValero Energy's (NYSE:VLO) $Valero(VLO)$marketing and supply company was the largest buyer of crude oil in the latest sale from the U.S. Strategic Petroleum Reserve on Monday, acquiring more than 10M barrels.A total of 14 companies were awarded contracts, including Marathon Petroleum (NYSE:MPC)$Marathon(MPC)$, Motiva Enterprises, Exxon Mobil (XOM)$Exxon Mobil(XOM)$and Equinor (EQNR)$Equinor ASA(EQNR)$, each of which won 3M-6M barrels of oil.The latest sale offered up to 45M barrels, but companies bought only ~39M barrels.The companies will take del

Starbucks delivery via DoorDash will be available in all 50 states by March Starbucks $Starbucks(SBUX)$ and DoorDash $DoorDash, Inc.(DASH)$ announced a striking expansion of their partnership with new delivery service launching in Northern California, Texas, Georgia, Florida and other select markets. The Starbucks (SBUX) delivery program via DoorDash (DASH) will expand to additional markets over the coming months, with full nationwide availability anticipated in all 50 states by March. The expansion follows on the heels of positive feedback from a successful pilot in Atlanta, Houston, and Sacramento, and additional market expansion in Seattle, Portland, and New York City last year. Orders placed