Magnificient 7: Meta Faces First EU Antitrust Fine
Thursday, Jul 25, 2024 7:00 pm ET
1min read 1. Tesla (Nasdaq: TSLA)
Tesla gained mildly by 1.97%. Tesla reported Q2 2024 revenue of $46.8 billion, down 3.02% YoY, with net profit at $2.64 billion. KGI Securities downgraded Tesla to Neutral, target $236. Wedbush reaffirmed Outperform, target $300. Cantor Fitzgerald and Barclays maintained ratings, targets $230 and $220 respectively.
2. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.48%. On July 25, Baird maintained its outperform rating on Apple, raising the price target to $240. Recently, Apple's Chief Operating Officer, Jeff Williams, visited the soon-to-be operational Shenzhen application research lab. Canalys reported a 4% decline in Apple's Q2 iPhone shipments in China.
3. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.54%. Amazon's trading volume on July 25, 2024, was $7.723 billion, ranking seventh in the US stock market. BMO Capital maintains an Outperform rating on Amazon, raising the price target to $230. Amazon's Mistral Large 2 is now available on Bedrock. Amazon's official flagship store will launch on JD.com during Black Friday 2024.
4. Meta (Nasdaq: META)
Meta dipped mildly by -1.70%. Meta Platforms' WhatsApp surpassed 100 million monthly active users in the U.S. Separately, Meta faces its first EU antitrust fine for tying Facebook Marketplace to its social network. Additionally, Wedbush reiterated its outperform rating on Meta with a $570 price target.
5. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.72%. NVIDIA's July 25 trading volume was $51.28 billion, ranking first in the US market. On July 25, NVIDIA disclosed ten insider transactions. Director Jen-Hsun Huang sold 55,000 shares on July 24. Citigroup reported NVIDIA launched AI Foundry to unlock enterprise AI.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.45%. Microsoft experienced a global outage affecting 8.5 million Windows devices due to a software update by AMERICAN cybersecurity firm CrowdStrike. Additionally, Microsoft announced a significant Flight Simulator update and a partnership with Lumen Technologies for expanding AI data center networks.
7. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -2.99%. Google C's trading volume on July 25 was $4.895 billion, ranking 11th in the US market. UBS maintains Google A’s neutral rating with a target price of $204.00. JMP Securities reaffirms Google A’s outperform rating with a $200.00 target. Citigroup maintains Google A’s buy rating, targeting $212.00.
Tesla gained mildly by 1.97%. Tesla reported Q2 2024 revenue of $46.8 billion, down 3.02% YoY, with net profit at $2.64 billion. KGI Securities downgraded Tesla to Neutral, target $236. Wedbush reaffirmed Outperform, target $300. Cantor Fitzgerald and Barclays maintained ratings, targets $230 and $220 respectively.
2. Apple (Nasdaq: AAPL)
Apple dipped mildly by -0.48%. On July 25, Baird maintained its outperform rating on Apple, raising the price target to $240. Recently, Apple's Chief Operating Officer, Jeff Williams, visited the soon-to-be operational Shenzhen application research lab. Canalys reported a 4% decline in Apple's Q2 iPhone shipments in China.
3. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -0.54%. Amazon's trading volume on July 25, 2024, was $7.723 billion, ranking seventh in the US stock market. BMO Capital maintains an Outperform rating on Amazon, raising the price target to $230. Amazon's Mistral Large 2 is now available on Bedrock. Amazon's official flagship store will launch on JD.com during Black Friday 2024.
4. Meta (Nasdaq: META)
Meta dipped mildly by -1.70%. Meta Platforms' WhatsApp surpassed 100 million monthly active users in the U.S. Separately, Meta faces its first EU antitrust fine for tying Facebook Marketplace to its social network. Additionally, Wedbush reiterated its outperform rating on Meta with a $570 price target.
5. Nvidia (Nasdaq: NVDA)
Nvidia dipped mildly by -1.72%. NVIDIA's July 25 trading volume was $51.28 billion, ranking first in the US market. On July 25, NVIDIA disclosed ten insider transactions. Director Jen-Hsun Huang sold 55,000 shares on July 24. Citigroup reported NVIDIA launched AI Foundry to unlock enterprise AI.
6. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -2.45%. Microsoft experienced a global outage affecting 8.5 million Windows devices due to a software update by AMERICAN cybersecurity firm CrowdStrike. Additionally, Microsoft announced a significant Flight Simulator update and a partnership with Lumen Technologies for expanding AI data center networks.
7. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -2.99%. Google C's trading volume on July 25 was $4.895 billion, ranking 11th in the US market. UBS maintains Google A’s neutral rating with a target price of $204.00. JMP Securities reaffirms Google A’s outperform rating with a $200.00 target. Citigroup maintains Google A’s buy rating, targeting $212.00.
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