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Barrons.com1d agobearish

Why Lucid Stock Is Dropping After Earnings

Lucid reported a first-quarter loss of almost $1 billion. Wall Street was looking for a loss of about $864 million.

Barrons.com1d agobearish

Ferrari Stock Falls After Earnings Beat. It Can’t Swerve the Iran War.

Ferrari beat analysts’ earnings targets and stuck with its full-year guidance on Tuesday, even though the war in the Middle East disrupted deliveries over the first quarter. Ferrari shipped 3,436 cars over the first quarter, down 157 from the same period a year ago. Shipments for Europe, the Middle East, and Africa fell by 243 from a year ago to 1,458.

Reuters Videos2d agobearishVIDEO

S&P 500 falls from record high on Middle East worries

<body>STORY: U.S. stocks ended lower after a South Korean ship was hit by an explosion in the Strait of Hormuz.The Dow fell more than one percent, the S&P 500 dropped four tenths of one percent after hitting a record high Friday and the Nasdaq slid about two tenths. It also climbed to a new high Friday.Energy stocks rose after reports of the latest confrontations which appeared likely to persuade commercial shippers the strait was still unsafe after U.S. President Donald Trump said the U.S. Navy would open it.Also, the United Arab Emirates reported a fire at an oil installation following an Iranian drone attack.Meanwhile, in the U.S., earnings continue to far outpace predictions. S&P 500 companies are expected to post aggregate earnings growth of 28% year-over-year for the first quarter, double the expectation of 14% at the start of April, according to LSEG.Brad Bernstein, managing director at UBS Private Wealth Management remains optimistic about stocks."I think markets look great going into the rest of the year. As long as this war with Iran ends, because we have incredible earnings."(FLASH)"Revenue growth is the best it's been in five years. Consumer spending, if you look at bank earnings, continues to be better than expected. And when you look at the underpinnings of the economy, such as manufacturing growth, we're seeing a lot of new order spend and increase in the underlying economy of manufacturing, which is very bullish.":: EbayIndividual stocks on the move Monday included GameStop which fell 10% after the video game retailer offered to buy much larger eBay for about $56 billion in a cash-and-stock deal. Shares of Ebay advanced 5%.:: AmazonAmazon shares gained after the e-commerce giant said it was rolling out "Amazon Supply Chain Services," opening up its logistics network for other businesses to use.That hurt shares of UPS which plunged 10.5%, and FedEx which fell 9%.</body>

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The Wall Street Journal2d agobearish

Net Seller—Heard on the Street Recap

Oil prices rose sharply and major stock indexes fell as military tensions escalated in the Strait of Hormuz. Fighting in the Iran war flared for the first time in weeks, and strikes on a crucial United Arab Emirates oil port and several ships tested a shaky cease-fire. Futures for Brent crude, the international benchmark, rose 6% to about $114 a barrel.

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Barrons.com2d agobearish

Advanced Micro Devices Stock Is Downgraded Before Earnings. Chip Supply Is a Problem.

HSBC downgrades Advanced Micro Devices stock to Hold from Buy in a research note ahead of the company’s earnings report Tuesday.

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Barrons.com2d agobearish

FedEx Stock Falls as Amazon Expands Into Logistics. Disruption Fears Rise Again.

FedEx stock dropped after Amazon unveiled a new logistics offering that could compete directly with the shipping giant’s core business.

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24/7 Wall St.2d agobearish

The Fed Could Crush Trump’s Bull Market — Here’s the Warning Wall Street Is Missing

Markets have spent months betting that President Donald Trump’s second-term agenda would extend the rally that pushed the S&P 500 to repeated highs. Tax cuts, deregulation, and aggressive reshoring policies are all catnip for investors. Since Election Day, cyclical sectors like industrials, banks, and small-cap stocks have outpaced the broader market as traders priced in ... The Fed Could Crush Trump’s Bull Market — Here’s the Warning Wall Street Is Missing

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Investing.com3d agobearish

5 big analyst AI moves: JPM downgrades Meta; Micron gets a fresh Street-high PT

Investing.com -- Here are the biggest analyst moves in the area of artificial intelligence (AI) for this week.

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