TradingKey

On August 10 ET, Apple (AAPL) shares have been hovering near $300 since the release of its quarterly earnings report, but pessimism on Wall Street is accelerating. In its latest research report, Jefferies downgraded Apple to an "Underperform" rating and lowered its target price from $285.56 to $263.66, implying approximately 14% downside from the current price of $306.

Tesla crushed deliveries at 480,126 with $28.2B revenue (+26% YoY). But operating margin collapsed to 1.4%, free cash flow turned negative $1.1B, and stock is testing $338 resistance after breakdown.

On August 10, Eastern Time, SpaceX (SPCX) returned to its offering price of $135 in intraday trading before falling by more than 1%, with its latest market capitalization reaching $1.76 trillion. However, the company's share price was still hovering near $105 just two trading days ago.

Rocket Lab reported Q1 $200.3M revenue (+63.5% YoY), $2.2B backlog, and $663M in new defense wins (SB-AMTI + HASTE). Q2 earnings tonight. Stock testing $83 breakout. Neutron Q4 2026 target.

TradingKey - As of pre-market on August 10 ET, Micron Technology (MU) was trading at $877.57, with its pre-market share price down nearly 1%. Wall Street institutions have recently shown divergence in their price forecasts for Micron; Mizuho Securities recently raised its price target for Micron to $1,375, while Citi lowered its target from $1,400 to $1,150.

Rocket Lab shares rebounded ahead of its earnings report; however, financial results may fall short of elevated market expectations, potentially triggering a decline in the stock price.

NVIDIA crushed Q1 FY2027 with $81.6B revenue (+85% YoY), data center $75.2B (+92%). Stock breaks trendline to $224. Q2 guidance $91B. Aug 26 earnings ahead with China upside.

Intel's plan to raise $15 billion has sparked concerns, as market fears of equity dilution triggered a sharp sell-off that sent the share price plunging below the $100 support level.

Palantir broke out of triangle to $172 after 93% Q2 revenue growth and 155% Rule of 40 score. Stock overbought at RSI 78. $173.89 resistance next, $158.33 support intact.

TradingKey - On Monday, August 10, Eastern Time, the three major U.S. stock index futures were mixed in pre-market trading, with Nasdaq 100 futures leading the gains. The market has entered a wait-and-see mode following last week's strong rally, as U.S. CPI, PPI, and retail sales data for July are scheduled for release this week. Investors are focused on whether inflation will once again push up Federal Reserve rate hike expectations. Meanwhile, market sentiment remains cautious as oil prices rebound and Iran sets new conditions for reopening the Strait of Hormuz.

SK Hynix clarified that the disposal of its Chongqing plant has not yet been decided, as its ADR price edged lower in pre-market trading.

TradingKey - The U.S. Bureau of Labor Statistics will release the July Consumer Price Index (CPI) at 8:30 ET on August 12. Following an unexpected decrease of 23,000 in July non-farm payrolls and the market's significant downward revision of Federal Reserve rate hike expectations for September, this CPI reading will be key data in determining the Fed's next policy direction.

TradingKey - On August 9, Eastern Time, renowned "Big Short" investor Michael Burry turned his attention to Berkshire Hathaway (BRK.a) (BRK.b). He publicly stated on Substack that he no longer considers Berkshire an attractive investment, bluntly remarking that successor Greg Abel lacks Buffett's patience.

TradingKey - TSMC’s July consolidated revenue totaled NT$467.58 billion (approximately $14.5 billion), representing a year-on-year increase of 44.7% and a 5.6% increase from June. Cumulative revenue for the first seven months of the year reached NT$2.87 trillion. July revenue not only sustained a high growth rate but also set a new monthly record, indicating that orders for advanced nodes and high-performance computing (HPC) remain at elevated levels.

TradingKey - On August 9, Eastern Time, Elon Musk voiced his support on social media platform X for a prediction by network infrastructure giant Cloudflare (NET). According to the forecasted data, internet traffic generated by AI bots is projected to surpass human traffic for the first time in May 2

TradingKey - As of the Asian session on August 10, gold prices (XAUUSD) extended last week's upward trend following a sharp rally. Gold was recently trading near $4,345, up approximately 0.2% intraday. Last week’s weak U.S. July non-farm payrolls report pushed gold prices to a seven-week high, and the metal remains stable above $4,300. Market focus this week shifts to the upcoming CPI and PPI data, which will further determine whether the Federal Reserve will raise interest rates in September and serve as key catalysts for gold's next directional phase.

TradingKey - On August 10, Japanese and South Korean stock markets closed higher. SK Hynix and Samsung Electronics edged lower, Kioxia rose 0.59%, and SoftBank fell more than 1%.

SpaceX's stock price is approaching $135, representing the first technical resistance level following its rebound from recent lows. As this coincides with the IPO cost basis, selling pressure is inevitable, creating significant overhead resistance. If the price fails to break through this level, SPCX could potentially retest $100. However, if bulls successfully absorb the potential selling pressure, SpaceX shares could rally toward $150 before the next round of lock-up expirations on August 20.

TradingKey - According to a Nikkei report on August 10, Sony Group (SONY) and TSMC (TSM) plan to invest in an image sensor joint venture project in Kumamoto Prefecture, Japan. The total investment is approximately 1 trillion yen (about $6.3 billion), with mass production of next-generation sensors expected to begin as early as 2029.

TradingKey - International oil prices continued to rise on Monday as the market remains focused on navigation prospects in the Strait of Hormuz and developments in the Middle East. Brent crude oil futures (UKOIL-F) rose 2.65% to $84.38 per barrel, while WTI crude oil futures (USOIL-F) increased by 2.22% to $78.75 per barrel.