Oct 23rd Stock Market Update - Tesla rockets upward after decent earnings

$FDX $BNTX $W

Author

Mukund Mohan
October 23, 2024

Market

“Tesla reported earnings after market close today, reaching $25.2B in revenue vs $25.4 EST and stabilizing profit margins at 13% vs 18% a year ago” 😊 😋

The market indices went much lower after a huge run up over 4 weeks

Nvidia, Amazon and Apple led the NASDAQ much lower as stocks took a breather from their 5 week ascent. This should be a temporary 4-5% garden variety pullback with good entry opportunities for the leaders.

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