24/10/2024 Evening Reports
Tesla stock is soaring, jumping 11.2% in premarket trading to $237.57 after delivering an impressive third quarter! Earnings per share came in at 72 cents, far surpassing the expected 60 cents. Margins are improving both year-over-year and sequentially, showing Tesla’s strength in navigating the competitive EV market.
Wall Street is buzzing with excitement as price targets are being raised across the board! Tesla is also keeping its ambitious delivery growth for 2024 on track, aiming for a record-breaking 515,000 vehicles in Q4—well above estimates. With strong earnings, rising targets, and record deliveries expected, Tesla’s momentum shows no signs of slowing down. Could we see the stock rise even further by year-end? Stay tuned!
Open A Live Account
CDO has wide range of tools, professional and friendly support for clients to achieve their financial markets trading goals. Open a live account now to enjoy this experience with virtual deposit.
Palladium Spikes to Highest Levels in Years Amid Russia Sanctions Fears
In a dramatic surge, palladium prices skyrocketed 8% to $1,142.75—their highest since December 2023—following news that the U.S. may push for sanctions on Russian palladium. Given that Russia controls nearly 40% of global supply, this move could ignite a supply shock, sending prices even higher. A potential market squeeze of this magnitude hasn’t been seen in years, sparking fears of further volatility. Experts warn that with supply tightening, palladium may continue its upward march, keeping the market on edge.
CDO TRADER
CDO TRADER, our cutting-edge trading platform, follows the technology from the forefront with new features added continuously. Moreover, CDO TRADER is now available for Android and iOS! So it allows you to trade on the go!
Saudi Arabia’s Oil Export Revenue Falls to Lowest Level in Over Three Years
Saudi Arabia’s oil export revenue fell to $17.4 billion in August, its lowest monthly level since June 2021, marking a 6% decline from July. Sluggish demand has impacted crude prices, despite OPEC+ efforts to restrict output to stabilize the market. The group, led by Saudi Arabia, plans to roll back some cuts in December but may maintain limits to prevent oversupply if necessary.
