Outlook 07/24: Stock futures sank after Alphabet, Tesla report earnings. Shares of Google fell more than 4% in premarket trading. Although Alphabet reported a top and bottom line beat, YouTube advertising revenue fell below the consensus estimate. Meanwhile, Tesla shares declined more than 8% on weaker-than-expected results and a 7% year-over-year drop in auto revenue. Those reports mark investors’ first look at how megacap companies fared during the second quarter. Reports from these names are of special interest as this small cohort is responsible for the bulk of this year’s gains.
ESU24 (SEP2024): YVAH 5622 YPOC 5611 YVAL 5603 GAP 5596
/ES Plan: Yesterday market closed bearish, and overnight continues on that way (PBT 5532), moving below previous value/range, so these're the opening and initial balance options for today:
