Magnificient 7: NVDA plunged 6.62% amidst top trading volume
Wednesday, Jul 17, 2024 7:00 pm ET
1min read 1. Microsoft (Nasdaq: MSFT)
Microsoft dipped mildly by -1.33%. Microsoft's trading volume on July 17 was $9.643 billion, ranking fifth among US stocks that day. B of A Securities maintained its Buy rating on Microsoft with a new price target of $510.00. The UK CMA initiated a preliminary investigation into Microsoft's hiring practices in the AI sector.
2. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -1.55%. Alphabet A's trading volume on July 17 was $3.749 billion. B of A Securities maintains Buy rating on Alphabet A with a new price target of $206.00. BMO Capital reiterates Outperform rating for Alphabet A with a new price target of $222.00.
3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.53%. Apple Inc. announced the launch of the Bay Area Housing Innovation Fund, providing targeted loans to support affordable housing development in collaboration with local partners. The fund, part of Apple's $2.5 billion commitment, aims to build over 400 units in the next two years.
4. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -2.64%. Amazon's July 17 transaction volume was $9.004 billion. Barclays maintains an overweight rating with a $220.00 target price. Amazon's Q1 2024 revenue hit $143.3 billion, net profit $10.43 billion. Prime Day generated $7.2 billion in online sales. Amazon intensifies office attendance monitoring. Needham raises Amazon's target price to $210.00.
5. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.14%. Tesla's trading volume on July 17, 2024, was $28.08 billion, ranking second in the US stock market. Barclays maintains an equal weight on Tesla and raises the price target to $225.00. Tesla's Supercharger network expansion is slowing, and it is now recruiting 800 employees focused on AI and robotics after global layoffs.
6. Meta (Nasdaq: META)
Meta dropped solidly by -5.68%. Wolfe Research initiates coverage on Meta with an outperform rating, setting a $620.00 price target. Meta disclosed 34 insider transactions on July 15, with significant shareholder Zuckerberg Mark selling 1,843 shares on July 12.
7. Nvidia (Nasdaq: NVDA)
Nvidia plunged by -6.62%. Nvidia reported $45.77 billion in trading volume on July 17, 2024, making it the top performer in the US stock market for the day. Additionally, Nvidia disclosed 11 insider trading activities on the same date.
Microsoft dipped mildly by -1.33%. Microsoft's trading volume on July 17 was $9.643 billion, ranking fifth among US stocks that day. B of A Securities maintained its Buy rating on Microsoft with a new price target of $510.00. The UK CMA initiated a preliminary investigation into Microsoft's hiring practices in the AI sector.
2. Alphabet (Nasdaq: GOOG)
Alphabet dipped mildly by -1.55%. Alphabet A's trading volume on July 17 was $3.749 billion. B of A Securities maintains Buy rating on Alphabet A with a new price target of $206.00. BMO Capital reiterates Outperform rating for Alphabet A with a new price target of $222.00.
3. Apple (Nasdaq: AAPL)
Apple dipped mildly by -2.53%. Apple Inc. announced the launch of the Bay Area Housing Innovation Fund, providing targeted loans to support affordable housing development in collaboration with local partners. The fund, part of Apple's $2.5 billion commitment, aims to build over 400 units in the next two years.
4. Amazon (Nasdaq: AMZN)
Amazon dipped mildly by -2.64%. Amazon's July 17 transaction volume was $9.004 billion. Barclays maintains an overweight rating with a $220.00 target price. Amazon's Q1 2024 revenue hit $143.3 billion, net profit $10.43 billion. Prime Day generated $7.2 billion in online sales. Amazon intensifies office attendance monitoring. Needham raises Amazon's target price to $210.00.
5. Tesla (Nasdaq: TSLA)
Tesla dropped solidly by -3.14%. Tesla's trading volume on July 17, 2024, was $28.08 billion, ranking second in the US stock market. Barclays maintains an equal weight on Tesla and raises the price target to $225.00. Tesla's Supercharger network expansion is slowing, and it is now recruiting 800 employees focused on AI and robotics after global layoffs.
6. Meta (Nasdaq: META)
Meta dropped solidly by -5.68%. Wolfe Research initiates coverage on Meta with an outperform rating, setting a $620.00 price target. Meta disclosed 34 insider transactions on July 15, with significant shareholder Zuckerberg Mark selling 1,843 shares on July 12.
7. Nvidia (Nasdaq: NVDA)
Nvidia plunged by -6.62%. Nvidia reported $45.77 billion in trading volume on July 17, 2024, making it the top performer in the US stock market for the day. Additionally, Nvidia disclosed 11 insider trading activities on the same date.
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