tl;dr
In 2024, the Nasdaq 100 has witnessed a 3.4% decline from its high on February 12th, led by a recent downturn driven by Palo Alto Networks' earnings report. Major companies, such as Tesla and Intel, have contributed to the index's underperformance. The top ten decliners in the Nasdaq 100 for the yea...
In 2024, the Nasdaq 100 has witnessed a 3.4% decline from its high on February 12th, led by a recent downturn driven by Palo Alto Networks' earnings report. Major companies, such as Tesla and Intel, have contributed to the index's underperformance. The top ten decliners in the Nasdaq 100 for the year thus far include Charter Communications, Tesla, and Walgreens Boots Alliance, with Intel and Lululemon Athletica also among the bottom performers. For further insight into the Nasdaq 100, investors may consider the Invesco QQQ Trust Series I and the Invesco Nasdaq 100 ETF exchange traded funds.
More about Tesla Inc
Key Financial Metrics:
- Total Revenue: $96,772,997,000
- Market Cap: $617,084,879,000
- Stock Performance: $45.06 (current), $30.49 (52-week low), $207.75 (52-week high)
- Dividend Yield: 4.3%
- Price/Earnings Ratio: 0.155
- EPS (Earnings Per Share): 1.115
- Beta: 0.035
Market Sentiment:
Tesla, Inc. is a major player in the electric vehicle and clean energy market, with a strong presence in the plug-in and battery electric car segments. The company's focus on solar energy and battery storage also positions it as a leader in the renewable energy sector. The stock's performance has fluctuated significantly in the past year, with a wide gap between the 52-week low and high. The dividend yield and low price/earnings ratio indicate potential value for investors, but the beta suggests higher volatility. Overall, Tesla's market sentiment is positive due to its innovative products and strong market presence, but potential risks exist due to market volatility and uncertainties in the renewable energy sector.
More about Intel Corporation
Key Financial Metrics:
- Market Cap: $188.23 billion
- Current Price: $111.3
- Dividend Yield: 0.74%
- Price to Earnings Ratio (P/E): 12.94
- EPS: $0.0312
- Revenue: $54.23 billion
- Stock Performance: -0.717
- Market Sentiment: 0.097
Analysis:
Intel Corporation is a major player in the semiconductor industry with a significant market cap of $188.23 billion. The stock performance has been negative, indicating potential bearish trends. The low P/E ratio of 12.94 and modest dividend yield of 0.74% suggest that the stock may be undervalued. However, the market sentiment of 0.097 is relatively neutral, indicating uncertainty. Given the company's position as the largest semiconductor chip manufacturer by revenue and its role in developing microprocessors for PCs, it is important to consider the potential impact of industry trends and competition on future performance.
More about Lululemon Athletica Inc.
Lululemon Athletica Inc. is a manufacturing company in the apparel and other finished products of fabrics and similar materials. The stock is currently trading at $56.49 with a market capitalization of $51.28 billion. The stock has shown a 7.87% increase over the past year, with a 0.109% dividend yield. The company's revenue stands at $9.18 billion. The stock performance indicates a relatively stable trend, with a slight decrease of 0.02%. Market sentiment appears to be positive, with a bullish trend in the stock. However, it's important to note that past performance is not indicative of future results, and there may be potential risks or uncertainties associated with this analysis.
More about Warner Bros Discovery Inc
Warner Bros Discovery Inc is a company in the technology and cable & other pay television services sector, with a market capitalization of $23.97 billion. The stock price has experienced a 1.94% decrease, currently trading at $17.26. Market sentiment is slightly bearish, with a negative change in stock price of 0.115. The company's revenue stands at $42.04 billion, with a price-to-earnings ratio of 14.89 and a dividend yield of 2.267%. While the stock performance and financial metrics are important to consider, it's essential to note that past market behavior may not predict future performance and that there are potential risks and uncertainties associated with investing in this company.
More about Baker Hughes Co
Baker Hughes Co is a leading player in the oil and gas field machinery and equipment industry, with a market cap of 29.38 billion. The stock is currently trading at $15.26, with a 0.78% increase. The company's price-to-earnings ratio stands at 25.3, indicating potential overvaluation. Market sentiment appears slightly bullish, with a relative strength index of 40.55. However, the stock is currently trading below its 50-day moving average, suggesting a bearish trend in the short term. Investors should carefully consider these technical indicators and the potential risks associated with the company's performance in the volatile oil and gas industry.
More about Sirius XM Holding Inc
Sirius XM Holdings Inc. provides satellite radio services by subscription fee in the United States. The company has a market capitalization of $18.17 billion and a stock price of $14.78. Over the past year, the stock has shown a 0.099% increase, outperforming the market average of 0.32%. The Relative Strength Index (RSI) of 2.321 indicates that the stock is currently overbought. With a 0.141% increase in the last quarter, the stock has shown positive momentum. The company's revenue stands at $8.95 billion with a price-to-earnings ratio of 4.81. Despite the recent positive momentum, there is a slight decrease of -0.016% in the stock price over the last month. Overall, the market sentiment for Sirius XM Holdings Inc. appears bullish, but potential risks and uncertainties should be carefully considered before making any investment decisions, as past market behavior is not always a reliable indicator of future performance.
More about Biogen Inc
Biogen Inc. is a multinational biotechnology company specializing in the development of therapies for neurological diseases, with a market cap of $31.86 billion. The stock is currently trading at $27.54, with a 52-week range of $7.96 to $67.97. The company has a price-to-earnings ratio of 0.118 and a total revenue of $9.84 billion. The stock has experienced a decrease of 0.549% over the last quarter, indicating a bearish trend. However, it's important to note that past performance is not always indicative of future results, and there may be potential risks associated with investing in this stock.
More about Atlassian Corp Plc
Atlassian Corp Plc is a global software company specializing in prepackaged software. With a market capitalization of $53.32 billion, the company has seen a 1.5% decrease in stock performance, currently trading at $260.38 per share. Despite the slight decline, Atlassian's stock has shown resilience with a Relative Strength Index (RSI) of 15.11, indicating potential oversold conditions. The company's financials also reflect a strong balance sheet with a debt-to-equity ratio of 0.215. Market sentiment appears cautiously optimistic, as the company continues to maintain support levels with potential for a bullish trend. However, uncertainties in the market may pose potential risks, and investors should remain mindful of the potential for a breakout or reversal in the near future.
More about Walgreens Boots Alliance Inc
Walgreens Boots Alliance Inc is a pharmaceutical holding company with a market capitalization of $19.23 billion. The stock is currently trading at $33.78 with a dividend yield of 1.92%. The stock has a price-to-earnings ratio of 0.66 and a beta of 0.004, indicating low volatility. The company's market sentiment is bearish, with a Relative Strength Index (RSI) of 26.56, suggesting the stock may be oversold. However, the stock is currently trading above its 200-day moving average, indicating potential support at this level. Given the current market sentiment and technical indicators, investors should exercise caution and consider the potential risks associated with a bearish trend in the stock.
More about Charter Communications Inc
Charter Communications Inc is a telecommunications and mass media company with services branded as Charter Spectrum. The stock has a market capitalization of $54.6 billion and a current price of $365.98. The stock has a 52-week range of $365.98 to $393.82. The Relative Strength Index (RSI) is 30, indicating the stock is oversold. The company's revenue is $42.55 billion with a price-to-earnings ratio of 9.77. The stock has experienced a 8.35% decrease in value over the past year. Despite the recent decrease in value, the stock is currently showing signs of a potential breakout from oversold conditions. However, there is a possibility of further downside risk given the negative trend in the stock's performance. It is important to monitor the stock's movement closely and consider the potential risks associated with investing in this stock.
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