Stock News: Palantir Stock, Sofi Stock, Nio Stock, New Iphone 15, Jobs Report, NKLA stock & F stock!

In today's episode, we dive into some exciting macroeconomic news, with the US economy inching closer to a soft landing. Last week, technology stocks led the rally, particularly on the Nasdaq, as investors absorbed a stream of earnings reports, better-than-expected GDP data, and another rate hike by the Federal Reserve. The robust growth of the US economy, coupled with cooling inflation, has sparked optimism about a smooth transition to a soft landing, which should excite investors and potentially move the stock market higher.

Federal Reserve Chair Jerome Powell indicated that economic data releases will influence the next interest rate decision, with a crucial data point being July's jobs report, set to be released on Friday. The report is expected to show the addition of approximately 200,000 jobs, indicating a healthy number but also a sign of a slowing labor market. Investors should keep a close eye on this development, as it will impact the overall economy.

A noteworthy trend in the corporate world is "reshoring," where US companies are embracing reduced reliance on overseas manufacturing. Bath & Body Works, for example, has relocated its entire production process to Ohio, exemplifying this trend. Reshoring has gained momentum due to pandemic-related supply chain disruptions and geopolitical tensions, leading to potential opportunities for further reshoring initiatives in the future.

In the tech sector, Amazon recently celebrated its largest Prime Day ever and is set to release its earnings on Thursday. The Prime Day revenue won't be included in Q2 figures, but it signifies a positive sign for the e-commerce giant amid a slowdown in growth following the pandemic-driven boom. Amazon's cloud growth has cooled off as companies curtail technology spending, but the company aims to stimulate demand through AI integration. However, a potential lawsuit from the FTC could pose legal challenges to the company's business operations.

Las Vegas' casinos are feeling fortunate, with MGM Resorts and Caesars Entertainment basking in the recovery of travel, leading to increased revenue in the first quarter. On the automotive front, the Ford Motor Company has issued a recall for more than 870,000 F-150 pickup trucks in the United States due to concerns over the electric parking brakes. Investors should closely monitor Ford's developments, especially after receiving a downgrade to a Hold rating from Jefferies.

Exciting news for Apple enthusiasts, as the highly anticipated iPhone 15 is just weeks away from being introduced to the market, boasting several significant upgrades that have led to a raised price target from Piper Sandler.

In the real estate realm, Blackstone's flagship property fund has made a significant transition from being a buyer to a seller, raising liquidity to meet redemptions and investing in data centers to capitalize on the artificial intelligence boom.

We also have positive earnings reports for SoFI Technologies and O N Semiconductor, and Palantir Technologies has seen a significant rise in premarket trading following praise from Wedbush analysts.

In the electric vehicle sector, Nio continues to expand its NIO Power Swap Stations in China, aiming to enhance the charging experience and drive sales growth. And finally, a step towards sustainability, as J.B. Hunt Transport Services purchases 13 zero-emission Class 8 trucks from Nikola Corporation.

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Disclosure: This video was done by myself, and it expresses my own opinions. This is not investment advice or financial advice and it should not be taken as investment advice or financial advice in any way shape or form. I am not receiving any form of compensation for this video from the company or organization that I am expressing opinions about. This video is for entertainment and or educational purposes only.

SOURCES: https://seekingalpha.com/news/3993351-ford-trades-lower-after-large-f-150-recall-jefferies-downgrade?ref=biztoc.com

https://www.benzinga.com/analyst-ratings/analyst-color/23/07/33466558/palantir-surges-nearly-5-premarket-whats-driving-the-stock?ref=biztoc.com

https://www.benzinga.com/news/23/07/33466804/nio-rolls-out-100-power-swap-stations-in-a-month-in-rush-to-meet-yearly-goal?ref=biztoc.com

https://finance.yahoo.com/news/j-b-hunt-purchase-13-115500594.html