Major Wall Street indices closed lower on Tuesday as investors and traders braced for policy moves from the US Federal Reserve on Wednesday.
Better-than-expected employment data also means central banks have room to continue aggressive policy. Job openings, a measure of labor demand, rose by 437,000 to 10.7 million at the end of September, Reuters reported. Meanwhile, here are his five stocks that have caught the attention of retail investors.
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1. Amazon.com, Inc. AMZN: Shares of the retail giant closed 5.52% lower on Tuesday, pushing the company’s market capitalization below $1 trillion for the first time since April 2020. Currently, his market capitalization is just over $987 billion at the close of trading on Tuesday. Investors and traders continued to criticize the stock after the company released disappointing fourth-quarter guidance. Amazon expects fourth-quarter revenue to range from $140 billion to $148 billion, while analyst estimates are at $155.15 billion.
2. Advanced Micro Devices, Inc. AMD: AMD reports third quarter revenue of $5.565 billion, an increase of 29% year over year. Total earnings fell short of his $5.62 billion, which is Street’s estimate. The company expects fourth-quarter earnings to range from $5.2 billion to $5.8 billion. The chipmaker’s shares closed 0.67% lower on Tuesday.
3. Alphabet Inc. Google goog: Former Google CEO Eric Schmidt‘s philanthropic arm has issued a recommendation aimed at encouraging US politicians to counter China’s growing technological ambitions, Bloomberg reported. Alphabet shares closed down more than 4% on Tuesday, amid general market weakness. Investors continued to digest last week’s earnings, with the company reporting earnings of $69.09 billion for him, up 6% year-over-year, bringing the total below Wall Street’s estimate of his $70.9 billion.
Four. ProShares UltraPro QQQ TQQQ: ProShares UltraPro QQQ, one of the largest leveraged ETFs tracking the Nasdaq-100 Index, closed 3.1% lower on Tuesday. This ETF is constructed for a short holding period to offer a daily return of 3x that of the Nasdaq 100 Index.
Five. Tesla Inc. TSLA: Tesla reportedly plans to begin mass production of the Cybertruck at the end of 2023, two years after its initial target for the long-awaited pickup truck. Tesla shares closed 0.12% higher on Tuesday.
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