"The Nasdaq Composite is posting slight gains, led by the likes of Micron, Netflix, and AMD. Oil prices are easing from their highs, but both WTI and Brent Crude continue to hover above the psychologically sensitive $100-per-barrel threshold."
"Tesla stock is recouping some lost ground, tacking on 1% today after last week's disappointing EV delivery numbers. Canaccord Genuity analysts remain bullish on the stock, keeping a 'buy' rating with a $420 price target attached."
"Micron is already down more than 20% from its peak three weeks ago, and relief may not be coming anytime soon. Bloomberg reported SK Hynix's planned U.S. ADR listing, which could raise as much as $10 billion, threatens to give investors another DRAM option to choose from."
"CrowdStrike is betting big on itself, boosting its share buyback program by $500 million and catapulting the total program to $1.5 billion."
The markets are starting the week cautiously following a U.S. Air Force rescue operation and shifting geopolitical headlines regarding a potential ceasefire in Iran. The Nasdaq Composite shows slight gains, driven by companies like Micron, Netflix, and AMD. Oil prices remain elevated above $100 per barrel, while traffic through the Strait of Hormuz has increased significantly. Tesla's stock is recovering slightly, and Micron faces pressure from a new competitor. CrowdStrike is expanding its share buyback program, and Goldman Sachs has upgraded Netflix's stock rating.
Read at 24/7 Wall St.
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