Memory Stocks MU, SNDK, and SKHY Are Falling in Pre-Market Today after Monday's Rally. Here's Why
Tip Ranks·- Micron, SanDisk, and SK Hynix stocks fell in pre-market trading on Tuesday following reports of China's advancements in advanced memory and a weaker macro environment. - China's ChangXin Memory Technologies has reportedly started producing small quantities of HBM3E memory chips, while Yangtze Memory Technologies is expanding NAND capabilities. - Additional market pressure stemmed from mixed U.S. futures, rising Treasury yields, and higher oil prices driven by geopolitical tensions in the Middle East.GoPro, Tesla, SanDisk, Nio and Edison International: Why These 5 Stocks Are on Investors' Radars Today
benzinga_article·- Major U.S. indices closed lower on Monday, while five individual stocks including GoPro, Tesla, SanDisk, Nio, and Edison International drew significant market attention due to distinct corporate developments. - GoPro surged 46.06 % after reports that YouTube star Markiplier acquired an 8.5 % stake, Tesla climbed 5.51 % ahead of its Cybercab launch, and SanDisk rose 5.50 % following a bullish Mizuho outlook. - Nio dropped 3.20 % ahead of its second-quarter earnings report amid sector margin pressures, and Edison International plummeted 23.07 % after California lawmakers maintained insurers' subrogation rights for wildfire damages.August was the month of the comeback kids. Cramer reviews what drove the biggest winners
CNBC·- Jim Cramer reported that August marked a strong comeback for heavily battered stocks as improving fundamentals helped challenge negative bearish narratives. - Moderna led the S&P 500 with a remarkable rebound driven by promising melanoma vaccine results, while enterprise software firms like Palantir and Salesforce recovered after an aggressive short-selling hedge fund was forced to unwind. - Other notable winners included Super Micro Computer and Sandisk on AI memory demand, alongside Coinbase as cryptocurrencies rallied amid macro concerns.Top 5 US Stock Gainers/Losers (>100B) (8.31)
Top Gainers&Losers·- US stock indices showed mixed movements on August 31, with the Nasdaq dropping 0.12 %, the S & P 500 falling 0.33 %, and the Dow Jones declining 0.7 %. - CrowdStrike and Tesla recorded significant gains of 5.77 % and 5.51 % respectively, with trading volumes reaching 4.08 billion dollars and 22.42 billion dollars. - Alibaba and Uber experienced notable drops of 4.1 % and 4.02 % respectively, alongside year-to-date declines of 21.5 % and 7.4 %.