Beat the street: Chips; Fed speakers on deck; Netflix awaited; Iron ore
Traders eye the latest Fed commentary for clues as to figure out the landscape for US interest-rate cuts. Some chip stocks bounce back after a recent selloff.
IG’s Shaun Murison returns with an iron ore trade that has been confirmed. Netflix is likely to make waves with its earnings after the close, but can it wow investors and keep its shares heading north?
(AI Video Summary)
US stock market updates
In this episode of "Beat the street", Angeline Ong delves into the cautiously optimistic US stock market ahead of Federal Reserve speakers and forthcoming earnings reports, focusing on recent strong economic data including jobless claims and home sales.
Netflix
Attention pivots to Netflix's earnings, highlighting the shift from purely subscription-based revenue to incorporating advertising. The analysis also touches on Netflix's stock trajectory and technical support levels, suggesting trading strategies based on expected share price movements.
Company and industry news
Additionally, developments in the tech sector with Micron Technology and Oracle are discussed, alongside Boeing's challenges and Alcoa's earnings miss. Furthermore, the program explores chip industry support from the US government, airline industry pressures, and a trade update on iron ore futures. The show wraps up with a look at Dow Jones futures post-jobless claims data, indicating a resilient chip sector.
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