Key Movers to Watch in the Next Session
Press Hub UCapital
Share:
Election Pressure Pushes Tech and Media Stocks
The U.S. election is just a week away, bringing volatility across tech and media stocks. Trump Media & Technology Group (DJT), a standout, surged by nearly 50% over five days and now holds a market cap of $10.3 billion. Tesla has also seen momentum, climbing 20% over the week, though it stalled with a minor 1% dip on Tuesday. Bitcoin joined the bullish trend, breaking through $73,600, its highest since March.
Inverse Bond ETFs Gain Amid Treasury Volatility
October’s rising yields have been beneficial for inverse bond ETFs like the ProShares Short 20+ Yr Treasury (TBF), up nearly 7%, and ProShares Short 7-10 Yr Treasury (TBX), gaining almost 4%. The yield landscape shows the 10-year Treasury yield at 4.25%, with the 3-month T-bill leading at 4.61%. High-yield ETFs, including SPDR’s Bloomberg High Yield Bond ETF (JNK) at 6.51% and iShares iBoxx High Yield (HYG) at 5.87%, provide additional yield options as bonds remain a central focus.
Tech Earnings on the Horizon: Microsoft, Meta, and AMD
Microsoft and Meta report earnings shortly, with Microsoft up 1.2% over three months and Meta climbing 27% in the same period. Meanwhile, AMD fell 7% in after-hours trading on Tuesday despite beating revenue expectations. CEO Lisa Su’s scheduled CNBC interview will likely provide further insights, adding a dynamic element to AMD’s stock trajectory.
Pharma & Biotech Report
Eli Lilly, AbbVie, Biogen, and GSK report Wednesday, amid mixed sentiment in the sector. Eli Lilly is a star performer, up 12% over three months and 55% year-to-date. In contrast, Biogen has struggled, down 14% over the same period, with GSK down 4.6% as it nears Wednesday’s session.
Homebuilders Face Rising Yields
Homebuilders are feeling the squeeze as rates climb. The SPDR S&P Homebuilders ETF (XHB) slid 8.6% from its October peak, with D.R. Horton losing 12% in October alone. Other firms, including Lennar, KB Home, and PulteGroup, also face pressure, underscoring the sector’s vulnerability to interest rate hikes.
The U.S. election is just a week away, bringing volatility across tech and media stocks. Trump Media & Technology Group (DJT), a standout, surged by nearly 50% over five days and now holds a market cap of $10.3 billion. Tesla has also seen momentum, climbing 20% over the week, though it stalled with a minor 1% dip on Tuesday. Bitcoin joined the bullish trend, breaking through $73,600, its highest since March.
Inverse Bond ETFs Gain Amid Treasury Volatility
October’s rising yields have been beneficial for inverse bond ETFs like the ProShares Short 20+ Yr Treasury (TBF), up nearly 7%, and ProShares Short 7-10 Yr Treasury (TBX), gaining almost 4%. The yield landscape shows the 10-year Treasury yield at 4.25%, with the 3-month T-bill leading at 4.61%. High-yield ETFs, including SPDR’s Bloomberg High Yield Bond ETF (JNK) at 6.51% and iShares iBoxx High Yield (HYG) at 5.87%, provide additional yield options as bonds remain a central focus.
Tech Earnings on the Horizon: Microsoft, Meta, and AMD
Microsoft and Meta report earnings shortly, with Microsoft up 1.2% over three months and Meta climbing 27% in the same period. Meanwhile, AMD fell 7% in after-hours trading on Tuesday despite beating revenue expectations. CEO Lisa Su’s scheduled CNBC interview will likely provide further insights, adding a dynamic element to AMD’s stock trajectory.
Pharma & Biotech Report
Eli Lilly, AbbVie, Biogen, and GSK report Wednesday, amid mixed sentiment in the sector. Eli Lilly is a star performer, up 12% over three months and 55% year-to-date. In contrast, Biogen has struggled, down 14% over the same period, with GSK down 4.6% as it nears Wednesday’s session.
Homebuilders Face Rising Yields
Homebuilders are feeling the squeeze as rates climb. The SPDR S&P Homebuilders ETF (XHB) slid 8.6% from its October peak, with D.R. Horton losing 12% in October alone. Other firms, including Lennar, KB Home, and PulteGroup, also face pressure, underscoring the sector’s vulnerability to interest rate hikes.