Satya Nadella, Microsoft CEO, during the company’s Ignite Spotlight event in Seoul, November 15, 2022.
Seungjun Cho | Bloomberg | Getty Images
Top 10 things to watch on Tuesday, October 24
1. US stock futures rose on Tuesday ahead of the first quarterly earnings reports from major technology stocks. Look for our alerts after announcements from Microsoft (MSFT) and the alphabet (GOOGL) After the bell. Here’s what we hope to see from Microsoft.
2. On Sunday, I laid out the five risks facing the stock market and warned that this is not a Great Recession situation. We’ve followed up this column with a look at five ways we maintain our objectivity when investing during these periods of heightened market risk.
3. Reuters mentioned Which Nvidia (NVDA) designs central processing units (CPUs) that can run it Microsoft (MSFT) Windows operating system, using technology from Arm Holdings (ARM). Nvidia’s PC chips manufacturing has no consequence other than hurting the competitor Intel Corporation (you are K). Not a big deal for NVDA. Positive for ARM shares.
4. Rhythm design (CDNS), Nvidia’s partner on AI, gives a less-than-rosy outlook for chip design. This is a false concern. It is not worth raising the steering in this environment.
5. Bitcoin surged on hopes of approval for a Bitcoin ETF, surpassing $34,000 to the highest level since May 2022. It won’t die…
6. With oil prices stabilizing, it’s time to look at oil stocks again after falling rapidly in the wake of falling commodity prices, despite recent mergers between two companies. Exxon Mobil (Shom)/Leading natural resources (BKSD) and Chevron (CVX)/Hess (HS).
7. General Electric (GE) rose more than 5% pre-market after better-than-expected performance across all business lines. The industrial group also raised its full-year guidance on increased demand for its aviation unit.
8. Agricultural Sciences Company FMC Company (FMC) took multiple cuts and price target cuts after reviewing its guidance for Q3 and FY23. The unloading, especially in Latin America, was larger than FMC had expected. Taking Corteva (CTVA) falls with it.
9. Jefferies drops its price target for the identity management company Okta (OKTA) following headlines of a recent customer support breach. This one’s in trouble. Canaccord also cuts PT.
10. Spotify (SPOT) shows the problems that this market suffers from. Shares of the streaming giant lost 2.5% premarket after third-quarter earnings beat Wall Street expectations. Everything seems better and it doesn’t matter.
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