Jim Cramer's top 10 things to watch in the stock market Thursday
My top 10 things to watch Thursday, July 23 1. The 6% decline in Alphabet shares on plans for increased AI spending is pressuring stock futures this morning. Red across the board, and the Dow is going to feel it, too....
S&P 500 (SPY) Temmuz'da (DÜŞÜK) 730 Doları vuracak mı?
Breaking news from the markets: My top 10 things to watch Thursday, July 23 1. The 6% decline in Alphabet shares on plans for increased AI spending is pressuring stock futures this morning. Red across the board, and the Dow is going to feel it, too.
Alphabet is now one of the 30 stocks in the Dow. oil prices above $90 per barrel on Iran war escalations, and the recently accompanying rise in bond yields, are also weighing on equities. International Brent crude briefly topped $100 again.
Economic Details
Club name Alphabet posted a good, but not great quarter. Extraordinary numbers from Google Cloud, with revenue growth of 82%. But higher levels of capex sparked concerns.
How can they monetize this? Wells Fargo analysts see increased spending as a positive, but acknowledge it could be a near-term pain on margins. Michael Cembalest, the influential JPMorgan strategist, is sounding the alarm on this earnings season.
The suppliers of AI equipment, "free cash flow for semiconductor companies (the caboose)," are doing great even as the consumers, "the front end of the train (hyperscalers)," have not been able to monetize. With cheaper models out there, is there value to owning a lot of these customers? Tesla missed on quarterly earnings despite reporting better-than-expected revenue.
Analyst Views
There weren't enough answers given on robotaxis and robots as the company shifts focus away from electric vehicle sales. Shares are down more than 9%. Tesla needs to merge with SpaceX , both of which are run by Elon Musk.
Nothing I heard last night contradicted that. Struggling ServiceNow stock rose 2. 5% after the company delivered a better-than-expected quarter.
This is Nvidia CEO Jensen Huang's favorite choice for moderating software-as-a-service. Call it the pilot and the air traffic controller. ServiceNow CEO Bill McDermott defended the company on "Mad Money" last night, touting a kill switch to stop rogue AI agents to prevent the kind of thing that happened at OpenAI this week.
Economists are analysing what the news means for the markets.
