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Welcome to Read Morning ☕️
Morning Market Snapshot & Top News on Technology, Healthcare, and Energy
William Lemanske
December 11, 2024
In partnership with
Good Morning!
Start your day with a quick market snapshot and the latest public market updates in Technology, Healthcare, and Energy.
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📊 Market Snapshot
Index | Close | % Change |
|---|---|---|
S&P 500 | 6,034.91 | -0.30 |
NASDAQ | 21,426.00 | 0.10 |
Dow Jones | 44,247.83 | -0.35 |
Fixed Income Yields | Close | % Change |
|---|---|---|
2 Year | 4.0000 | -0.12 |
10 Year | 4.2380 | 0.36 |
Crypto & Commodities | Close | % Change |
|---|---|---|
BItcoin | 97,359.88 | 1.34 |
Oil | 68.98 | 0.57 |
Gold | 2,738.00 | 0.72 |
💰Earnings
Company | Ticker | Expected EPS | Expected Revenue |
|---|---|---|---|
Adobe Inc. | ADBE | $4.67 | $5.54 billion |
Nordson Corporation | NDSN | $2.59 | $736.83 million |
Macy's Inc. | M | N/A | $4.73 billion |
THE Headlines
🖥️ Technology
Apple Tops Best-Managed Companies List: Apple has secured the top position in the Management Top 250 ranking of America's best-managed companies for 2024, surpassing Microsoft. The evaluation considered factors like customer satisfaction, innovation, social responsibility, employee engagement, and financial strength.
Entergy to Power Meta's AI Data Center: Entergy has been selected to supply energy for Meta Platforms' new $10 billion artificial intelligence data center in Louisiana. To meet the demand, Entergy plans to construct three new natural gas power plants, generating over 2,200 megawatts over 15 years.
🧬 Healthcare
Qraft Technologies' AI Trader Invests in Tesla: Qraft Technologies, a South Korean fintech firm, increased its holdings in Tesla in October 2024. This move proved profitable as Tesla's stock rose nearly 40% in November. Qraft's AI-driven exchange-traded fund, AMOM, also added investments in financials, energy, and utilities stocks, anticipating policy shifts.
⚡ Energy
Argan's Earnings Surge Amid Energy Demand: Argan, a data center engineering company, reported a 400% increase in fiscal third-quarter earnings, with profits rising to $2.00 per share from 40 cents the previous year. Sales grew by 57% to $257 million, attributed to the rising demand for power from data centers and electric vehicle charger utilization.
GE Vernova's Stock Performance: Since its spin-off from GE Aerospace in April, GE Vernova's stock has nearly tripled, closing at $348.13 recently. Analysts attribute this growth to increased investments in electricity supply and margin expansion, driven by the demand for AI data centers and electric vehicles.
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See you tomorrow,
The Read Morning Team
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