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Friday, April 8, 2022

Dow Jones Gains; Tesla Stock Falls Despite Elon Musk Cyber Rodeo Boast; Oil Play Gushes Past Buy Point

The Dow Jones Industrial Average has improved as the Nasdaq has dropped. Tesla (TSLA) collapsed despite CEO Elon Musk bragging about his new industry at the Cyber ​​Rodeo event while Epam Systems (EPAM) rises as it withdraws from Russia. Home Depot (HD) and Goldman Sachs (GS) were the top blue chips.




A few stocks tried to get out without mixed action. Shell oil stock (SHEL) and LPL Financial (LPLA) have both made a strong move between power and finance.

The volume was lower on both the New York Stock Exchange and Nasdaq compared to the same period on Thursday. Volatility was also low, with the Cboe Volatility Index, or VIX, falling by about 4%.

Meanwhile, the Treasury's 10-year average yield increased by seven points to 2.72%. Oil has also risen, and West Texas Intermediate crude has risen 2% to just over $ 98 a barrel.

Nasdaq Is Sliding As Tech Stocks Suffer
The tech-heavy Nasdaq was performing poorly on major indexes, falling by about 1%. Atlassian (TEAM) was Nasdaq's worst stock, falling by about 6%.

The S&P 500 could have made a small profit, but it was actually flat. Coterra Energy (CTRA) shines here as it has risen by more than 7%.

S&P sectors were mixed. Life and energy were very good while technology and consumer preferences declined sharply.

Russell 2000 fell 0.1%.

Growth stocks are also delayed. Innovator IBD 50 ETF (FFTY), bellwether growth stock, fell 0.7%.

Dow Jones Benefits As Home Depot Stock Shines
The Dow Jones Industrial Average was performing much better than the major indicators, up 0.6%.

Dow stock Home Depot increased by about 3%. It stays below its 50-day and 200-day average, MarketSmith analysis shows. Goldman Sachs also turned a strong profit, rising 2.5%. Boeing (BA) is also lagging behind, falling by about 1.5%.

Tesla Stock Lower Despite Elon Musk Pride
Tesla stock fell despite the opening of the Austin-based Gigafactory on Thursday.











The Cyber ​​Rodeo event features music, robots and a pet zoo. Chief executive Elon Musk boasts of the company's latest institutional rating.


"Giga Texas is the world's largest factory in terms of capacity," Musk said. He joked that the company calculated that "it would be equivalent to 194 billion hamsters in this building."


The CEO also promised that the company's most popular Cybertruck will be available next year.

Tesla stock has fallen despite Goldman Sachs re-placing its buy-in ratio. The company said it was bullish for a full year due to "strong demand for EV, the company's advanced navigation capability in the supply chain ... and increasing the prices of its vehicles."


Goldman praised Tesla's ability to quickly find other suppliers.


Epam Stock Advans On Russia Withdrawal

EPAM Systems stock has been shot high in the news we are releasing in Russia. Its high performance was a problem that plagued his cell.











The technology company said on Thursday it had begun the process of ending operations in Russia. Epam said a large number of workers had already moved, and more were expected to come.


The firm will employ more workers in Europe, Central Asia, India and Latin America to diversify its global network.


Stifel welcomed the move, saying in a statement that it "removes the most visible suspension."

Epam stock has increased by more than 12% but remains below 50% per annum so far.


The oil shell leads to cracking

Shell stocks are operating after passing the 56.23 purchase point. Build a bullish base structure with strong support for a 50-day line.












Profits are also strong, although its EPS rating of 77 out of 99 is negative. However, analysts expect the company to earn more money this year. They saw the EPS increase by 61% to $ 8.04. They also saw sales jump by 40% to $ 365.5 billion.


At that time LPL Financial cleared the point of buying a cup with a handle of 191.08. This is the foundation of the first phase, which means we have a high chance of success.


Big money has also become a complete buyer, with 65% of the stock currently held in stocks. Analysts see profits growing by 35% by 2022 and 50% by 2023.