StockMKTNewz Daily Recap 10/2

OPENAI IS NOW WORTH MORE THAN GOLDMAN SACHS

October 02, 2024

Daily Stock Market Recap: 10/2

Hey everyone, it’s @StockMKTNewz - Evan! We’re back again with a DAILY STOCK MARKET NEWS RECAP

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Table of Contents:

Major Stories From The Day

Tesla Q3 Deliveries

Tesla delivered 462,890 EVs in Q3 … expectations varied from analysts, Reuters had it at 463.3K while Tesla’s IR complied had it at 462K. So depending on where you look it was a beat/miss but overall, it was more or less in line with expectations

OpenAI funding round

OpenAI has officially closed its funding round and raised $6.6 Billion at a $157 Billion valuation up from $86B at the start of the year.

A bunch of big names invested in the round including Microsoft, Nvidia, Softbank, Cathie Wood, and more

OpenAI expects to have ~$5B of losses in 2024 on $3.7B in Revenue. OpenAI reportedly expects to almost 3x its revenue next year and bring in $11.6B

Here’s how the stock market performed today

Heat Map of the S&P 500 from today

Indexes

  • S&P 500: closed up 0.02% to 5,710.06

  • NASDAQ 100: closed up 0.1% to 17,932.14

  • Dow Jones: closed up 0.1% to 42,201.78

Best and Worst Performing Large Cap Stocks from today

Get Ready For Tomorrow

Thursday 10/3/24 Catalyst Watch: I love this catalyst watch from SeekingAlpha … it always has a couple of events that I had no idea about (as seen below). If you use this link you’ll get a free trial to SeekingAlpha and a discount if you end up joining.

Macro: Schedule for tomorrow 10/3/24 (All times are in EST time)

7:30AM ET - US Challenger Job Cuts

8:30AM ET - Initial Jobless Claims

9:45AM ET - S&P Final US Services PMI

10AM ET - ISM Services

10AM ET - Factory Orders

10:40AM ET- Fed Bostic and Kashkari Speech

Earnings: Constellation $STZ and VinFast $VFS report earnings tomorrow before the markets open

The Daily Recap

Blossom - DONT MISS MY Q4 INVESTING COMPETITION … I’m doing a stock picking competition for Q4, you can track the entire thing in real time for FREE with Blossom

Earnings Calendar - Earnings Hub is the best place out there for Earnings season. It is by far my favorite feature is the AI Summaries of the earnings calls … you need to check it out!!

MY INTERVIEW WITH VLAD TENEV - I got the chance to interview Robinhood CEO Vlad Tenev last week and if you haven’t already listened to it you’re missing out. Make sure you also subscribe to my YouTube channel while you’re there