The start of today's session on Wall Street is marked by clear optimism, with investors focusing on numerous quarterly earnings reports and corporate events. Apple shares are up 2.4% today after CEO Tim Cook visited Donald Trump at the White House and once again reiterated his willingness to make significant development investments in the US, easing concerns about earlier tensions between the company and the White House, especially in the context of tariffs. Semiconductor companies are also doing well, with the exception of Intel. You can read about the reasons for the declines in our earlier post.
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The Nasdaq-100 index, represented by the US100 contract, is trading nearly 0.8% higher today compared to yesterday's close. The index continues to maintain a dynamic upward trend, as illustrated by the exponential moving averages (50-, 100- and 200-day EMAs, respectively). What is more, Bollinger Bands show that the US100 is currently within the statistical range of this instrument's movements for the last 14 sessions. The most important support point for the instrument remains the lower limit of the Bollinger Bands (2 negative standard deviations) and the 50-day EMA (blue curve).
Source: xStation 5
Company news:
- Airbnb (ABNB.US) is down 6% after warning of slower growth in the second half of the year due to difficult year-over-year comparisons. The company indicated that the strong growth seen in previous periods will be difficult to sustain, which has raised concerns among investors.
- DoorDash (DASH.US) is up 8.9% after reporting better-than-expected second-quarter results and raising its market order forecast. Strong demand and platform growth support the company's positive growth outlook. Market optimism also stems from improved margins and scaling of operations. The company is benefiting from the takeout trend and the growing popularity of digital services.
- Duolingo (DUOL.US) is up 23% after reporting better-than-expected quarterly results and raising its full-year forecast. Significantly exceeded expectations for key usage and revenue metrics boosted investor confidence. The market is rewarding the company for its strong growth and the scalability of its educational platform. It is one of the most dynamic stocks in the educational software sector.
- Fortinet (FTNT.US) is down 21% after announcing a delay and weaker-than-expected firewall product refresh cycle. Several analysts have downgraded their recommendations, pointing to lower revenue growth potential in this segment. The market has harshly assessed the company's prospects in the face of changing market and technological dynamics. The sharp decline in share prices is a sign of uncertainty about the company's short-term profitability.
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