Apple (AAPL) has gained 2.9% over the past five days, and the current price is $326.59, but today it pulled back by 2.1% in a single day. The fundamentals haven’t changed. The Q3 earnings report is expected to be released in early August. The stock price has fallen from its intra-year high of $349; the area around $320 is a key support level. Long-term funds have been accumulating in this range—so if it drops, that could actually be an opportunity.
Netflix (NFLX) has released its earnings. Q2 results were announced on July 16. EPS was $0.80, slightly above expectations ($0.79), but the stock has fallen for two straight days and is now at $67.60, nearing the 52-week low of $65. This suggests investors are dissatisfied with guidance for user growth next quarter. The short term may not rebound well, but if it breaks below $65, watch for a support test.
CleanSpark miner (CLSK) has risen 17% over the past five days and is trading at $14.42. A stronger BTC has lifted the miners’ shares broadly, and CLSK is the most volatile among them, with trading volume also supporting the move. Note that these miner stocks are highly correlated with BTC price—if BTC is unstable, they can quickly drop back. If going long, set a proper stop-loss.
Overall, today’s U.S. stock market is mixed: miner stocks and China concept stocks led the gains. Big tech names like AAPL and NFLX are under pressure. Tesla (TSLA) is releasing its Q2 earnings today and is worth paying close attention to.
Netflix (NFLX) has released its earnings. Q2 results were announced on July 16. EPS was $0.80, slightly above expectations ($0.79), but the stock has fallen for two straight days and is now at $67.60, nearing the 52-week low of $65. This suggests investors are dissatisfied with guidance for user growth next quarter. The short term may not rebound well, but if it breaks below $65, watch for a support test.
CleanSpark miner (CLSK) has risen 17% over the past five days and is trading at $14.42. A stronger BTC has lifted the miners’ shares broadly, and CLSK is the most volatile among them, with trading volume also supporting the move. Note that these miner stocks are highly correlated with BTC price—if BTC is unstable, they can quickly drop back. If going long, set a proper stop-loss.
Overall, today’s U.S. stock market is mixed: miner stocks and China concept stocks led the gains. Big tech names like AAPL and NFLX are under pressure. Tesla (TSLA) is releasing its Q2 earnings today and is worth paying close attention to.