Analysis

TradingKey - As of pre-market trading on July 24, Eastern Time, Tesla (TSLA) shares staged a recovery after yesterday’s sharp decline. On July 23, Tesla shares closed at $319.69, plunging 14.52% from the previous trading day, as its market capitalization saw a significant single-day contraction. The sell-off was primarily driven by second-quarter earnings missing expectations, rising capital expenditures, and cash flow pressure.

TradingKey - U.S. stock index futures rose collectively in pre-market trading on Friday ET, as the market attempted to stabilize following a sharp sell-off in tech stocks during the previous session. Intel's earnings and stronger-than-expected guidance boosted some tech shares, though tensions in the Middle East, international oil prices, and a new round of U.S. tariff policies continued to weigh on market risk appetite.

SpaceX shares were under pressure in pre-market trading as the imminent Starship Flight 13 test flight led investors to adopt a wait-and-see approach to manage uncertainty.

Oracle’s stock rebounded following a $7 billion boost, but upside potential remains highly limited, with $135 acting as a strong resistance level.

TradingKey - On July 23, Eastern Time, the U.S. Department of Defense announced the signing of an enterprise software agreement with Oracle Corporation (ORCL) worth up to nearly $7 billion. The contract has a five-year base term with an option for an additional five-year extension, allowing for a maximum duration of ten years. Following the announcement, Oracle shares rose by more than 3% in pre-market trading on Friday.

TradingKey - Where exactly will artificial intelligence take the world? In the latest interview with The Economist, Elon Musk once again shared a highly controversial prediction. Within the next five years, AI's overall intelligence levels are expected to surpass those of humans, and in another decade, humans may no longer even be the most dominant intelligent species on Earth.

Tesla plunged 14.41% on July 23 after Q2 EPS missed by 39%, auto margins fell to 16% from 19%, and free cash flow turned negative. RSI hit 19.9. But Cybercab is confirmed under $30K before 2027 and the auto backlog is the largest since 2023. Here is the setup at $324.

Alphabet beat Q2 estimates with 82% Cloud growth and 24% revenue gains but the stock has fallen from $374 to $320 in two days. AI capex fears, a new EU fine, and $500B in new spending commitments are the reasons. RSI at 25.6. Here is where $315 matters.

TradingKey - On July 23 ET, Nvidia (NVDA) and semiconductor packaging and testing provider Amkor Technology (AMKR) signed a multi-year packaging services agreement valued at approximately $1.5 billion. Boosted by this news, Amkor's stock price rose more than 12% in after-hours trading on Thursday.

Elevated capital expenditures from Google and Tesla have bolstered a rebound in Micron's stock price, which is expected to return to historical peaks by the second half of 2026.

TradingKey - Driven by the continued escalation of geopolitical tensions in the Middle East, Brent crude (UKOIL) has surpassed the $100 per barrel mark again after two months, as concerns over global oil supply security rapidly intensify. Meanwhile, expanding energy transportation risks, tightening refinery supplies, and renewed tensions between the U.S. and Iran are prompting investors to reassess the future trajectory of oil prices.

TradingKey - Global electric vehicle manufacturer Tesla (TSLA) is experiencing its toughest week since 2026. Impacted by a sharp decline in second-quarter fiscal 2026 operating margins and free cash flow turning negative, the stock has fallen more than 16% this week, marking its largest weekly drop since December 2025.

TradingKey - During the Asian trading session on July 24, gold prices (XAUUSD) continued to fall intraday, nearing the $4,000 mark at one point. From a market perspective, gold prices rebounded this week from $4,000 to a high of $4,166.19. However, as oil prices continued to climb and Brent crude (UKOIL) once again moved back above $100, gold prices came under pressure and retreated amid market concerns over expectations of resurgent U.S. inflation.

TradingKey - On July 24, both Japanese and South Korean stock markets declined, with SoftBank, Kioxia, SK Hynix, and Samsung all recording sharp losses.

Tesla shares plummeted more than 14% following its earnings report, breaking below the key support level of $340 and facing significant continued downward pressure.

TradingKey - As the market continues to question whether Intel (INTC) can truly ride the AI wave, the company’s second-quarter results have provided an answer. After market close on July 23 ET, Intel released its Q2 2026 earnings report, with revenue, earnings, and next-quarter guidance all significantly exceeding Wall Street's previous expectations.

TradingKey - NovoCure surged to $19.91 after Q2 2026 earnings released this morning. Revenue consensus was $172M growing 8.6% YoY. The story is Optune Pax's FDA approval and multi-indication expansion after June's TRIDENT trial disappointment. Here is the setup.

TradingKey - Micron rose 4% to $1,000 on Thursday driven by Google and Tesla's massive AI capex confirming memory demand, Nvidia's Vera Rubin boosting HBM requirements, and TrendForce flagging a NAND shortage. At $996, $992 resistance has been cleared.

TradingKey - In early Asian trading on July 24, Japanese and South Korean stock markets opened lower and continued to decline. Influenced by the sharp overnight pullback in US stocks and escalating geopolitical risks in the Middle East, market risk-off sentiment has risen markedly.

TradingKey - The market was hit by a double whammy of soaring oil prices and doubts about the return on AI investments sparked by increased capital expenditures at Google(GOOGL) and Tesla(TSLA). The three major U.S. stock indices plummeted. At the close, the Dow Jones Industrial Average fell 0.97% t