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Samsung's projected revenue slightly missed expectations, but as Kevin Hincks points out, guidance came in way above expectations and year-over-year growth shows phenomenal traction. The stock still slid and brought a lot of U.S. tech down with it. It's no secret AI memory is here to stay, says Kevin, the problem lies in how far stocks like Samsung, Micron (MU), SanDisk (SNDK) and others can rally. He turns to the macro front by talking about a report that Iran has fired on commercial ships in the Strait of Hormuz.
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Shares of Reddit (RDDT) recently caught bullish traction as a quiet outperformer in the social media space. Rick Ducat analyzes the recent price action and key levels to watch following a recent price target hike at Wells Fargo. He also offers an example options trade for Reddit.
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Options involve risks and are not suitable for all investors. Before trading, read the Options Disclosure Document. http://bit.ly/2v9tH6D
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The best AI competitors will have the best customer experience more than anything else, argues Puneet Mehta. He says businesses need to create an entire system around their AI product to ensure consumer happiness draws more future customers in. Puneet explains the growth behind AI ecosystems and how businesses starting to assemble their own can create new opportunity through the tech.
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McGraw Hill (MH) CEO Philip Moyer offers insight into how he sees AI affecting the education industry. "There is so much proof today that you need a variety of technology" to teach in the modern age, says Philip, though he says evolving tech can never replace a teacher. He explains how his company is combining AI with societal learning techniques to help students and educators.
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"Investors have been strolling down the aisle " when it comes to window shopping for shares of Shopify (SHOP), says Ben Watson of Charles Schwab. He points to a recent push higher in the stock as a sign bulls are taking back control of shares. Ben uses the 20-day and one-year charts to highlight key support and resistance trends traders need to watch.
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Futures signaled a down open about an hour ahead of the opening bell. Tom White points to Samsung's earnings as a main culprit. The memory chipmaker beat and significantly raised guidance estimates, though shares fell due to not meeting an impressively high bar. More military operations in the Strait of Hormuz also gave global trade a black eye, says Tom White. It all comes as SpaceX (SPCX) begins trading in the Nasdaq-100 (NDX) at the start of Tuesday's session.
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The memory trade bounced back following last weeks sell off with Micron (MU), Western Digital (WDC), and Seagate (STX). Broadcom (AVGO) and Apple (AAPL) announced their partnership expansion, and AMD Inc. got a price target hike from Goldman Sachs.
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Marley Kayden touches on Lockheed Martin’s (LMT) acquisition of a naval defense firm. Sam Vadas explains how SK Hynix is outperforming U.S. listed competitors and what’s driving its momentum.
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Hooman Radfar, CEO of Collective, discusses how AI is transforming the accounting industry and helping power the growing solopreneur economy. He argues that AI is shifting workers toward higher-value tasks rather than replacing them, creating new opportunities for productivity, entrepreneurship, and business growth.
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Sonali Basak, chief investment strategist at iCapital and former Bloomberg reporter, weighs in on proper portfolio construction in the current market environment, the state of private credit and how to stay disciplined as an investor. Sonali also explains how AI is changing the financial services industry and what further changes AI could bring to the larger business world.
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