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Jul 29th Stock Market Update Symbotic Shares slide 19% on poor gross margins and guidance

Jul 29th Stock Market Update Symbotic Shares slide 19% on poor gross margins and guidance

$DAY $BRCM $HOOD

Mukund Mohan
July 29, 2024

Market

“Shares of warehouse automation company Symbotic $STM fell 19% after hours, when the company reported gross margins that were below expectations and guided lower by more than 10% for next quarter on slower implementations” 😶 🤔

Mixed markets with S&P500 and NASDAQ barely over the previous close

Tesla recovering well, but a quite day on the markets with stocks barely moving. AI stocks continued to head lower, led by Nvidia.

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Insights from the portfolio

$DAY Dayforce Inc Deep Dive and 2024 Outlook

The Healthcare Software company is coming out of a long consolidation

stocksmarts.substack.com/p/day-dayforce-inc-deep-dive-and-2024

Video of the day

Today’s video is on Broadcom $AVGO the leading semiconductor and software infrastructure company.

Deep dive of the day

Robinhood Markets Inc $HOOD Deep Dive – Investment Literacy Coach

The online trading company

blog.mukundmohan.online/index.php/2024/07/29/robinhood-markets-inc-hood-deep-dive

Good setups for swing

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