Monday (July 21) Focus: Tesla shares rose 1.40% before trading tonight, at $334.28. Group CEO Musk posted a post last Saturday (19th) saying: "I'm going to start working seven days a week. If my kids are not at home, I'll sleep in the o...
Monday (July 21) Focus:
Tesla shares rose 1.40% before trading tonight, at $334.28. Group CEO Musk posted a post last Saturday (19th) saying: "I'm going to start working seven days a week. If my kids are not at home, I'll sleep in the office." This is good news for Tesla investors, who previously believed Musk was involved in too many political matters and ignored Tesla. Tesla will also release its quarterly results this Wednesday. Wall Street analysts currently expect Tesla's adjusted earnings per share in the second quarter will be $0.43, lower than $0.53 a year ago.
Ethereum has exceeded $3,800 in the past 24 hours. And according to the latest data from analytics firm Farside, U.S. Ethereum spot ETFs had a net inflow of $2.182.4 million last week. This strong trend drives U.S. cryptocurrency-related stocks higher. At the time of press time, Upexi's share price rose 16%; SharpLink Gaming's share price also rose 12%; BTCS rose 11%; GameSquare, BitMine Immersion Technologies and Sequans Communications also rose 5%; Circle, Strategy and Coinbase rose 2%.
Fintech company Block (formerly known as Square) announced last Friday that it will officially join the Standard & Poole 500 before the market opens this Wednesday. The news drove the stock to rise 9.27% before trading tonight, at $79.57.
Opendoor Technologies' shares rose another 27.11% before trading tonight, with a deadline of $2.86. The online real estate platform has soared recently among retail investors, with the stock price already rising 189% last week.
On Monday, we will take a look at the ratings of several analysis teams on Advanced Micro Devices Inc's stock. The stock rose 0.52% before trading tonight, and was reported at $157.80.
Pre-market active stocks are in sequence: Lucid Group, Sarepta Therapeutics, QuantumScape Corp, Nvidia and Plug Power. At the time of press time, the stock prices of these five active stocks rose and fell mixed.
Major index futures in the U.S. Wall Street stock market rose on Monday (July 21). Market investors closely monitor the performance reports released by many giants such as Tesla and Alphabet this week. Everyone is also paying attention to the monetary policy meeting held by the Federal Open Market Committee (FOMC) from the 29th to the 30th of this month. At present, market participants generally expect that the probability of a rate cut in this meeting is less than 5%.
In addition, the American Association of Real Estate Agents (NAR) will release home sales data this Wednesday (23rd). The U.S. Census Bureau will then release new home sales data on Thursday (24th). These two data will allow investors to update on the weak real estate market. Standard & Poor Global (S&P Global) will also release the manufacturing and service purchasing managers index on the same day.
At the time of 7:00, the Standard & Poor 500 futures rose 15.30 points or 0.24% to 6312.10 points; the Nasdaq 100 futures, dominated by technology stocks, started 64.10 points or 0.28%, to 23129.60 points; the heavyweight Dow Jones futures rose 85.80 points, to 44,428.00 points.
Although the Financial Times reported that U.S. President Trump is imposing high new tariffs on EU products, the Standard & Poole 500 and Nasdaq Composite Index remained basically the same at the close of last Friday (18th).
The Standard & Poor 500 index fell slightly by 0.57 points last Friday and closed at 6296.79 points. The Dow Jones Index fell by 142.30 points and closed at 44342.19 points. The Nasdaq 100 also fell slightly by 0.07%, or 15.57 points, closing at 23,065.47 points.
Citi's analysis team just raised the target price of Ultramicro Semiconductor's stock from the original $145 to $165 last Friday, while also maintaining the "holding" rating it previously gave. According to analysts collected by Tipranks, the target price range set by other analysts is between $95 and $200.
In addition, after the US government approval, Ultramicro will resume exporting its MI308 chips to China. It is definitely a major opportunity for Super Micro to return to this market worth about $50 billion. Previously, Supermicro had expected that Supermicro would lose about $800 million in revenue due to the restriction of exports of these wafers. Therefore, some analysts believe that the $800 million may be "lost and regained".
According to the analysis report released by the Citi analysis team, the increase in the target price mainly reflects the "improvement" of the entire market towards this semiconductor company. The Citi analyst team expects that, driven by investors' "increasing pursuit of artificial intelligence stocks", Super Micro's stock price will continue to rise before its financial report is released. But it also reminds that "market buyers may have too high expectations for Ultramicro", so despite the rise, Ultramicro's stock price trend will not be truly clear until the financial report is released in August.
Advanced Micro Devices Inc (NASDAQ: AMD)In addition to the Citi Analysis Team, the HSBC Bank analysis team also raised the Super Micro stock rating from the original "hold" to "buy", and the target price is $200. The reason proposed by this analysis team is that Ultramicro's artificial intelligence revenue has potential room for growth. HSBC currently predicts that Ultramicro's artificial intelligence revenue will reach US$15.1 billion in fiscal 2026, far exceeding the currently generally expected US$9.6 billion Wall Street.
Pre-market trading focus:Mizuho raised the target price of Ultramicro from US$152 to US$175 and maintained its rating for the stock to "outperform the market". This is mainly because Ruisui Securities believes that Supermicro will benefit from the recovery of supplying artificial intelligence GPUs to China.
After the U.S. government approval, Ultramicro will resume exporting its MI308 chips to China. (Reuters)BoFA Securities also expressed a similar view and raised its target price of Ultramicro from $130 to $175, highlighting confidence in the market prospects of Ultramicro data center GPUs. The company expects that the Ultramicro's data center GPU market size will increase by about $1 billion in 2025 against the backdrop of trade policies and market dynamics.
