El interés en corto de O'Reilly Automotive da a los inversores una idea del grado en que los inversores apuestan por la caída de las acciones de O'Reilly Automotive. Los datos de interés en corto se actualizan cada dos semanas.

O'Reilly Automotive (NASDAQ:ORLY) Bolsa, Informe de interés en corto

O'Reilly Automotive

O'Reilly is an aftermarket automotive parts retailer in the United States and Mexico with about $16 billion in annual sales. The company operates over 6,000 domestic stores and serves both the do-it-yourself (about 55% of sales) and professional (45% of sales) end markets. Despite operating amid a highly fragmented industry, O'Reilly differentiates itself by providing quality service to its customers throughout the entirety of the vehicle diagnosis and purchasing process. Furthermore, the firm boasts an impressive hub-and-spoke distribution network designed to provide its localized store base with ample aftermarket product availability across a variety of vehicle makes and models.

Long Ideas

News

Price Target

Pre-Market Outlook

Markets

Analyst Ratings

Trading Ideas

NVDA

ORLY

PANW

UBER

Descubre las recomendaciones de los analistas más precisos de Wall Street y cómo podrían ayudarte a superar el mercado bursátil.

5 acciones recomendadas por los analistas de mayor precisión en Wall Street

O'Reilly Automotive Inc

O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) has outperformed the market over the past 15 years by 13.85% on an annualized basis producing an average annual return of 25.72%. Currently, O'Reilly Automotive has a market capitalization of $64.99 billion. 
Buying $1000 In ORLY: If an investor had bought $1000 of ORLY stock 15 years ago, it would be worth $30,563.32 today based on a price of $1119.84 for ORLY at the time of writing.
<h3>O'Reilly Automotive's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727127024_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In This Stock 15 Years Ago Would Be Worth $31,000 Today

O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) has outperformed the market over the past 15 years by 14.07% on an annualized basis producing an average annual return of 25.59%. Currently, O'Reilly Automotive has a market capitalization of $64.96 billion. 
Buying $1000 In ORLY: If an investor had bought $1000 of ORLY stock 15 years ago, it would be worth $30,570.34 today based on a price of $1119.18 for ORLY at the time of writing.
<h3>O'Reilly Automotive's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725654616_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In O'Reilly Automotive 15 Years Ago Would Be Worth This Much Today

Legal

Lawmakers Ask CEOs Of Six Auto Parts Firms To Answer If They Purchased Products From Chinese Firm That May Have Sought To Evade U.S. Tariffs

O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) has outperformed the market over the past 20 years by 13.92% on an annualized basis producing an average annual return of 22.31%. Currently, O'Reilly Automotive has a market capitalization of $65.02 billion. 
Buying $1000 In ORLY: If an investor had bought $1000 of ORLY stock 20 years ago, it would be worth $56,214.05 today based on a price of $1120.28 for ORLY at the time of writing.
<h3>O'Reilly Automotive's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724788828_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $1000 Invested In O'Reilly Automotive 20 Years Ago Would Be Worth Today

U.S. stocks settled higher on Friday with the Dow Jones index surging more than 450 points, following comments from Fed Chair Jerome Powell at the Jackson Hole Economic Symposium.
Wall Street analysts make new stock picks on a daily basis. Unfortunately for investors, not all analysts have particularly impressive track records at predicting market movements. Even when it comes to one single stock, analyst ratings and price targets can vary widely, leaving investors confused about which analyst&#8217;s opinion to trust.
Benzinga&#8217;s Analyst Ratings API is a collection of the highest-quality stock ratings curated by the Benzinga news desk via direct partnerships with major sell-side banks. Benzinga displays overnight ratings changes on a daily basis three hours prior to the U.S. equity market opening. Data specialists at investment dashboard provider Toggle.ai recently uncovered that the analyst insights Benzinga Pro subscribers and Benzinga readers regularly receive can successfully be used as trading indicators to outperform the stock market.
Top Analyst Picks: Fortunately, any Benzinga reader can access the latest analyst ratings on the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">Analyst Stock Ratings</a> page. One of the ways traders can sort through Benzinga&#8217;s extensive database of analyst ratings is by analyst accuracy. Here&#8217;s a look at the most recent stock picks from each of the five most accurate Wall Street analysts, according to Benzinga <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock</a> Ratings.
Analyst: Zachary Fadem
<ul>
<li>Analyst Firm: Wells Fargo</li>
<li>Ratings Accuracy: 89%</li>
<li>Latest Rating: Maintained an Overweight rating on O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) and raised the price target from $1,200 to $1,250 on Aug. 22. This analyst sees around 12% upside in the stock.</li>
<li>Recent News: On July 24, O'Reilly Automotive reported worse-than-expected second-quarter financial results and issued FY24 guidance below estimates.</li>
</ul>
Analyst: William Stein
<ul>
<li>Analyst Firm: Truist Securities</li>
<li>Ratings Accuracy: 89%</li>
<li>Latest Rating: Maintained a Buy rating on Analog Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>) and slashed the price target from $275 to $266 on Aug. 22. This analyst sees around 16% upside in the stock.</li>
<li>Recent News: On Aug. 21, Analog Devices posted better-than-expected third-quarter financial results.</li>
</ul>
Analyst: Justin Post
<ul>
<li>Analyst Firm: B of A Securities</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Maintained a Buy rating on Uber Technologies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) with a price target of $88 on Aug. 23. This analyst sees around 18% upside in the stock.</li>
<li>Recent News: On Aug. 22, the company announced a multiyear strategic partnership to bring Cruise autonomous vehicles to the Uber platform.</li>
</ul>
Analyst: Trevor Walsh
<ul>
<li>Analyst Firm: JMP Securities</li>
<li>Ratings Accuracy: 87%</li>
<li>Latest Rating: Reiterated a Market Outperform rating on Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>) with a price target of $380 on Aug. 20. This analyst sees about 8% gain in the stock.</li>
<li>Recent News: On Aug. 19, Palo Alto Networks posted better-than-expected fourth-quarter financial results, issued strong guidance and authorized an additional $500 million for repurchase.</li>
</ul>
Analyst: Hans Mesesmann
<ul>
<li>Analyst Firm: Rosenblatt</li>
<li>Ratings Accuracy: 86%</li>
<li>Latest Rating: Maintained a Buy rating on NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) with a price target of $200 on Aug. 22. This analyst sees around 55% upside in the stock.</li>
<li>Recent News: Nvidia is expected to announce its latest quarterly results on Wednesday, Aug. 28.</li>
</ul>
Read More: 
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<li><a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40526660/jim-cramer-praises-l3harris-technologies-says-intel-is-getting-whacked-by-amd-i-much-pre">Jim Cramer Praises L3Harris Technologies, Says Intel Is &#8216;Getting Whacked&#8217; By AMD: &#8216;I Much Prefer&#8230;&#8217;</a></li>
</ul>

This Analyst With 86% Accuracy Rate Sees Around 55% Upside In Nvidia - Here Are 5 Stock Picks For Last Week From Wall Street's Most Accurate Analysts

Wells Fargo analyst Zachary Fadem maintains O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) with a Overweight and raises the price target from $1200 to $1250.

Wells Fargo Maintains Overweight on O'Reilly Automotive, Raises Price Target to $1250

Evercore ISI Group analyst Greg Melich maintains O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) with a Outperform and raises the price target from $1215 to $1230.

Evercore ISI Group Maintains Outperform on O'Reilly Automotive, Raises Price Target to $1230

B of A Securities analyst Elizabeth Suzuki maintains O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) with a Buy and raises the price target from $1204 to $1290.

B of A Securities Maintains Buy on O'Reilly Automotive, Raises Price Target to $1290

The tech-heavy Nasdaq 100, tracked by the Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), closed Thursday 2.5% higher, notching its sixth consecutive positive session and marking a strong rebound after the index had entered correction territory due to <a href="https://www.benzinga.com/markets/equities/24/08/40135090/old-school-summer-risk-off-vix-up-over-50-nasdaq-100-enters-correction-chipmakers-officially-in-">the early-month selloff.</a>
With a 9% rally over the last six sessions, this marks the best six-day run since November 2022, signaling that bullish sentiment remains alive among traders who jumped at the opportunity to buy tech stocks on the dip.
From a technical perspective, Thursday's session represents a significant checkpoint for the Nasdaq 100, as the index climbed back above its 50-day moving average after dropping below it on July 24.
<h3 class="wp-block-heading">Chart: Tech Stocks Break Above 50-Day Average, Notch Strongest 6-Day Rally In Nearly Two Years</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="458" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122-1024x458.png" alt="" class="wp-image-497713" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122-1024x458.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122-300x134.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122-768x344.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122-1536x687.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/15160901/image-122.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /><figcaption class="wp-element-caption">Image: <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent081524&amp;t=be2bearmibe3na1">Benzinga Pro</a></figcaption></figure>
Also Read: <a href="https://www.benzinga.com/exclusives/24/08/40403222/exclusive-which-magnificent-7-stock-would-investors-put-1-000-in-today-44-of-benzinga-readers-pick-t">EXCLUSIVE: Which Magnificent 7 Stock Would Investors Put $1,000 In Today? 44% Of Benzinga Readers Pick This Company</a>
Within tech industries, semiconductor stocks saw the most significant gains, with the VanEck Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NYSE">SMH</a>) up 16% over the last six sessions, also marking its strongest streak since late 2022.
The easing of recession fears that surfaced earlier this month has been the primary catalyst driving the recovery in the stock markets, particularly in tech stocks, which were among the hardest hit at the start of the month.
The U.S. economy hasn&#8217;t appeared as sluggish as some early August economic data suggested—especially the disappointing July jobs report.
Initial jobless claims have unexpectedly declined over the past two weeks, casting reasonable doubt on whether the July increase in the unemployment rate from 4.1% to 4.3% was merely a temporary anomaly rather than a sign of deeper labor market issues.
Retail sales also sharply exceeded expectations in July, showing a robust 1% month-over-month increase—the fastest pace since January 2023. Not exactly what you would expect from an economy on the brink of a recession.
<h3 class="wp-block-heading">Top Five Performing Nasdaq 100 Stocks On Thursday</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>% Return</td>
</tr>
<tr>
<td>Marvell Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>)</td>
<td>8.71</td>
</tr>
<tr>
<td>Super Micro Computer, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)</td>
<td>8.59</td>
</tr>
<tr>
<td>Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>)</td>
<td>6.78</td>
</tr>
<tr>
<td>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>6.76</td>
</tr>
<tr>
<td>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>6.68</td>
</tr>
</tbody>
</table>
</figure>
Worst Five Performing Nasdaq 100 Stocks On Thursday
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>% Return</td>
</tr>
<tr>
<td>Mondelez International, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDLZ#NASDAQ">MDLZ</a>)</td>
<td>-1.32</td>
</tr>
<tr>
<td>O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>)</td>
<td>-1.24</td>
</tr>
<tr>
<td>T-Mobile US, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TMUS#NASDAQ">TMUS</a>)</td>
<td>-0.96</td>
</tr>
<tr>
<td>Verisk Analytics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSK#NASDAQ">VRSK</a>)</td>
<td>-0.90</td>
</tr>
<tr>
<td>The Kraft Heinz Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KHC#NASDAQ">KHC</a>)</td>
<td>-0.88</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/08/40401329/russell-2000-set-for-strongest-session-in-a-month-as-us-economy-defies-recession-fears-small-cap">Russell 2000 Set For Strongest Session In A Month As US Economy Defies Recession Fears: Small Cap Movers On Thursday</a></li>
</ul>
Photo: Shutterstock

Equities

Large Cap

Macro Economic Events

Broad U.S. Equity ETFs

Retail Sales

Econ #s

Economics

Tech

ETFs

CSCO

LULU

MDLZ

MRVL

SMCI

TMUS

VRSK

Nasdaq 100 Sees Best 6-Day Rally Since Late 2022 As Traders Ride Bull Market Wave: Tech Stocks On The Move Thursday

O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) has outperformed the market over the past 10 years by 11.41% on an annualized basis producing an average annual return of 21.92%. Currently, O'Reilly Automotive has a market capitalization of $65.07 billion. 
Buying $100 In ORLY: If an investor had bought $100 of ORLY stock 10 years ago, it would be worth $725.84 today based on a price of $1121.07 for ORLY at the time of writing.
<h3>O'Reilly Automotive's Performance Over Last 10 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1723564850_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$100 Invested In O'Reilly Automotive 10 Years Ago Would Be Worth This Much Today

<img loading="lazy" decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXepK8ixkK6WEQq9Kd8I1dgMWNHcXqLlqBIgzQD_9cGJh9AMjyZ7CQiCVzxbXuCSYIwxwpqOB_Wl-jURygLJdS8oaTGbk7it97c0viBzj5zOzZ-VddsrV2grYX-M7d8xqhNWcI_bELPnVC2PW_-ak96YaEcA?key=k28uwwVR4LSzIF1PZh7_6A" width="624" height="503" />
Today, O'Reilly (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) experienced a Power Inflow, a crucial event for investors who use order flow analytics in their investment strategies. This Power Inflow marks a shift from a net selling to a net buying environment, illustrating a significant inflow that exceeds outflow. Such a change is commonly viewed as a sign of heightened investor confidence and an optimistic perspective on the stock.
At 10:01 AM on July 29th, O'Reilly Automotive. (ORLY) recorded a Power Inflow at a trading price of $1122.87. This occurrence is essential for investors who base their trading decisions on order flow analytics. The Power Inflow indicates the potential start of an uptrend in O'Reilly Automotive Inc.&#8217;s stock, presenting an advantageous opportunity for investors aiming to profit from anticipated price rises. Stakeholders are now diligently observing for further evidence that may confirm sustained positive momentum in ORLY&#8217;s stock price, and they regard this development as a favorable sign.
<h3 class="wp-block-heading">Signal Description</h3>
Order flow analytics, or transaction/market flow analysis, involves a comprehensive analysis of order volumes from both retail and institutional traders. This method scrutinizes the flow of buy and sell orders, paying close attention to factors such as order size, timing, and other relevant characteristics and patterns, to generate actionable insights and improve trading decisions. This approach is particularly appreciated for its effectiveness in identifying bullish signals among proactive traders.
Generally manifesting within the first two hours of market opening, a Power Inflow serves as an indicator of the likely trend for the stock throughout the day.
Incorporating order flow analytics into their trading strategies helps market participants to more precisely evaluate market dynamics, uncover trading opportunities, and potentially enhance their trading outcomes. However, the importance of implementing strong risk management strategies cannot be emphasized enough. Effective risk management is vital for safeguarding capital and minimizing potential losses, thereby fostering a more disciplined approach to navigating market uncertainties and enhancing the prospects for long-term trading success.
If you want to stay updated on the latest options trades for O'Reilly Automotive ., <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trade alerts.&nbsp;
<a href="https://benzinga.com/apis?_gl=1&#x2A;1hlgn5i&#x2A;_ga&#x2A;MTY1NjE2NTYxMi4xNzE0NzQ4MTAy&#x2A;_ga_V7ZK73W7N0&#x2A;MTcxNDc0ODEwMi4xLjEuMTcxNDc0ODQyOC4wLjAuMA..">Market News and Data are brought to you by Benzinga APIs</a> and include firms, like <a href="https://finitusa.com/en/">Finit USA</a>, responsible for parts of the data within this article. 
&#xA9; 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
<h3 class="wp-block-heading">After Market Close UPDATE:</h3>
The price at the time of the Power Inflow was $1122.87. The returns on the High price ($1142.22) and Close price ($1140.90) after the Power Inflow are respectively 1.72% and 1.60%. The result underlines the importance of a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. This daily return annualizes at over 20% per year if you can replicate this on a daily basis.
Past Performance is Not Indicative of Future Results

Trading Insight: ORLY Generates Power Inflow, Stock Price Rises Throughout The Session Finishing Higher At Market Close For 2nd Day In A Row

O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) reported worse-than-expected second-quarter financial results and issued FY24 guidance below estimates, after the <a href="https://www.benzinga.com/quote/ORLY/earnings">closing bell on Wednesday</a>.
O&#8217;Reilly Automotive reported quarterly earnings of $10.55 per share which missed the analyst consensus estimate of $11.09 per share. The company reported quarterly sales of $4.272 billion which missed the analyst consensus estimate of $4.318 billion, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Brad Beckham, O&#8217;Reilly&#8217;s CEO, commented, &#8220;I would like to thank all of Team O&#8217;Reilly for their tremendous hard work and unwavering commitment to providing excellent customer service and taking care of our customers every day. Our comparable store sales results were below our expectations for the second quarter, as the soft demand environment we experienced at the beginning of the quarter persisted through May. Sales trends improved in June, in line with our expectations, aided by strong performance in summer weather-related categories in many of our markets. Against this challenging backdrop, our Team generated a second quarter comparable store sales increase of 2.3%, on top of a 9.0% increase last year, driven by solid, mid-single digit growth in our professional business.&#8221;
O&#8217;Reilly Automotive said it sees FY24 earnings of $40.75 to $41.25 per share, versus estimates of $41.86 per share. The company expects total revenue of $16.6 billion to $16.9 billion versus estimates of $17.85 billion.
O&#8217;Reilly Automotive shares gained 2.1% to trade at $1,116.08 on Friday.
These analysts made changes to their price targets on O&#8217;Reilly Automotive following the announcement.
<ul>
<li>Truist Securities analyst Scot Ciccarelli maintained O&#8217;Reilly Automotive with a Buy rating and raised the price target from $1,143 to $1,204.</li>
<li>RBC Capital analyst Steven Shemesh maintained the stock with an Outperform rating and lowered the price target from $1,124 to $1,115.</li>
<li>DA Davidson analyst Michael Baker maintained the stock with a Buy rating and raised the price target from $1,200 to $1,275.</li>
</ul>
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Earnings

These Analysts Revise Their Forecasts On O'Reilly Automotive After Q2 Results

DA Davidson analyst Michael Baker maintains O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) with a Buy and raises the price target from $1200 to $1275.

DA Davidson Maintains Buy on O'Reilly Automotive, Raises Price Target to $1275

RBC Capital analyst Steven Shemesh maintains O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) with a Outperform and lowers the price target from $1124 to $1115.

RBC Capital Maintains Outperform on O'Reilly Automotive, Lowers Price Target to $1115

Truist Securities analyst Scot Ciccarelli maintains O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) with a Buy and raises the price target from $1143 to $1204.

Truist Securities Maintains Buy on O'Reilly Automotive, Raises Price Target to $1204

The Nasdaq 100 index experienced another decline on Thursday, closing at its lowest level since early June after a volatile session. The previous day, the Nasdaq 100 dropped 3.7%, its <a href="https://www.benzinga.com/markets/equities/24/07/39943580/nasdaq-100-notches-worst-session-since-late-2022-falls-below-key-50-day-moving-average-is-the-ai">worst session since October 2022</a>.
Despite a higher-than-expected second-quarter GDP growth rate and decreasing price pressures, which briefly boosted stocks and risky assets and saw the Nasdaq 100 rising 0.9% during midday trading in New York, afternoon trading brought a sentiment shift as traders slightly reduced their Fed rate cut bets.
Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>) (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOG#NASDAQ">GOOG</a>) tumbled as OpenAI introduced new search features to a <a href="https://www.benzinga.com/news/24/07/39968522/alphabet-stock-falls-as-openai-plans-searchgpt-what-investors-need-to-know">select group of users.</a>
Over the last two sessions, the Nasdaq 100, as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), has fallen by 4.7%, marking its worst two-day drop since September 2022.
<h3 class="wp-block-heading">Chart: Nasdaq 100 Faces Worst 2-Day Dip Since September 2022</h3>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="487" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-1024x487.png" alt="" class="wp-image-457894" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-1024x487.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-300x143.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-768x366.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45-1536x731.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/25161029/image-45.png 1920w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
<h3 class="wp-block-heading">Thursday&#8217;s 10 Worst Performers Among Nasdaq 100 Stocks</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Lululemon Athletica Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LULU#NASDAQ">LULU</a>)</td>
<td>-9.03%</td>
</tr>
<tr>
<td>Warner Bros. Discovery, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WBD#NASDAQ">WBD</a>)</td>
<td>-5.73%</td>
</tr>
<tr>
<td>Arm Holdings plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>)</td>
<td>-5.45%</td>
</tr>
<tr>
<td>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>)</td>
<td>-5.26%</td>
</tr>
<tr>
<td>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>-4.36%</td>
</tr>
<tr>
<td>Booking Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKNG#NASDAQ">BKNG</a>)</td>
<td>-3.86%</td>
</tr>
<tr>
<td>Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>)</td>
<td>-3.79%</td>
</tr>
<tr>
<td>ON Semiconductor Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>)</td>
<td>-3.67%</td>
</tr>
<tr>
<td>DexCom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>)</td>
<td>-3.57%</td>
</tr>
<tr>
<td>QUALCOMM Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</td>
<td>-3.15%</td>
</tr>
<tr>
<td>Alphabet Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOOGL#NASDAQ">GOOGL</a>)</td>
<td>-3.07%</td>
</tr>
</tbody>
</table>
</figure>
<h3 class="wp-block-heading">Thursday&#8217;s 5 Best Performers Among Nasdaq 100 Stocks</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Name</td>
<td>1-Day %</td>
</tr>
<tr>
<td>Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>)</td>
<td>6.34%</td>
</tr>
<tr>
<td>Old Dominion Freight Line, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ODFL#NASDAQ">ODFL</a>)</td>
<td>5.74%</td>
</tr>
<tr>
<td>MongoDB, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MDB#NASDAQ">MDB</a>)</td>
<td>4.83%</td>
</tr>
<tr>
<td>Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>)</td>
<td>4.12%</td>
</tr>
<tr>
<td>O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) </td>
<td>4.09%</td>
</tr>
</tbody>
</table>
</figure>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39970069/investors-go-all-in-on-small-caps-pour-over-6-billion-into-russell-2000-etf-this-month-they-will">Investors Go All In On Small Caps, Pour Over $6 Billion Into Russell 2000 ETF This Month: They &#8216;Will Return To Larger-Cap Alternatives,&#8217; Veteran Analyst Says</a></li>
</ul>
Photo via Shutterstock.

Sector ETFs

BKNG

DXCM

GILD

GOOG

GOOGL

ISRG

ODFL

QCOM

TEAM

Nasdaq 100 Falls To 7-Week Lows, Marks Worst 2-Day Drop In Nearly 2 Years As Tech Rout Rages On

Wall Street strongly rebounded Thursday after Wednesday&#8217;s slump, driven by stronger-than-expected economic growth in the last quarter, countering <a href="https://www.benzinga.com/economics/macro-economic-events/24/07/39957034/us-economy-expands-2-8-in-q2-tops-estimates-weekly-jobless-claim-fall">concerns of a slowdown.</a>
The U.S. economy posted a notable 2.8% real growth in the second quarter, doubling the first quarter&#8217;s pace and exceeding the 2% growth estimate.
Adding to the positive outlook, the Personal Consumption Expenditure (PCE) price index showed cooling price pressures, dropping from 3.4% to 2.6%, signaling progress toward the 2% target.
At midday, major U.S. averages traded positively, with all eleven sectors of the S&amp;P 500 posting gains. The S&amp;P 500 index was up 1%, and the Dow gained a robust 1.3%. The tech-heavy Nasdaq 100 inched 0.9% higher, while small caps, tracked by the iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>), rallied 2.4%.
Treasury yields fell significantly, with the 30-year yield down 6 basis points to 4.48%, boosting the iShares 20+ Year Treasury Bond ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TLT#NASDAQ">TLT</a>) by 1.8%.
Gold fell 1.6%, likely impacted by the rebound in riskier assets, silver plummeted 3.7%, while oil prices rose 0.7% to $77.80.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 1% to $64,750, marking its fourth straight session of losses.
<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,252.16</td>
<td>2.4%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>40,361.96</td>
<td>1.3%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,480.26</td>
<td>1.0%</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,202.70</td>
<td>0.9%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 12:30 p.m. ET</figcaption></figure>
According to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent072524&amp;t=be2bearmibe3na1">Benzinga Pro</a> data:
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;was 0.7% higher to $545.24.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;rose 1.1% to $403.20.</li>
<li>The tech-heavy&nbsp;Invesco QQQ Trust&nbsp;(ARCA:&nbsp;<a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a><a href="https://www.benzinga.com/quote/qqq" target="_blank" rel="noreferrer noopener"></a>QQQ) rose 0.5% to $465.53.</li>
<li>Sector-wise, the Industrials Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLI#NYSE">XLI</a>)&nbsp;outperformed, up by 1.9%, while the&nbsp;Communication Services Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLC#NYSE">XLC</a>) and the Utilities Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, both up 0.6%.</li>
</ul>
<h3 class="wp-block-heading">Wednesday&#8217;s Stock Movers</h3>
Stocks moving on earnings were:
<ul>
<li>Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>), down 2%.</li>
<li>Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) down over 29%.</li>
<li>Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) down over 16%.</li>
<li>International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) up nearly 6%.</li>
<li>Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) down over 1%. </li>
<li>ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) ORLY), up over 15%. </li>
<li>Kla Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) up 3.2%. </li>
<li>Teradyne Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) down over 11%.</li>
<li>Newmont Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>) down nearly 3%. </li>
<li>STMicroelectronics N.V. down over 11%. </li>
<li>O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) up over 4%.</li>
<li>AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>) up nearly 4%. </li>
<li>American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) up over 6%. </li>
<li>AstraZeneca PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>) down 2.8%. </li>
<li>Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>) up 1.9%. </li>
<li>Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>) down 0.6%. </li>
<li>Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>) up 3.8%. </li>
<li>Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>) down over 4%. </li>
<li>Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>) up 3.9%</li>
<li>Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>) up 6.8%</li>
<li>RTX Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>) up over 8%. </li>
<li>Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) up 0.1%.</li>
<li>Valero Energy Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VLO#NYSE">VLO</a>). </li>
<li>Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) down over 7%. </li>
</ul>
Those reporting after the close include: SkyWest, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>), Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>), Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>), BJ&#8217;s Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>) and VeriSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>).
Read Next:
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<li><a href="https://www.benzinga.com/markets/equities/24/07/39963781/feds-favorite-inflation-gauge-set-to-drop-to-lowest-level-in-over-3-years-is-july-rate-cut-possi">Fed&#8217;s Favorite Inflation Gauge Set To Drop To Lowest Level In Over 3 Years: Is July Rate Cut Possible?</a></li>
</ul>
Image created using artificial intelligence via Midjourney.

$BTC

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BJRI

CMCSA

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SPDR Dow Jones Industrial Average ETF Trust

JNPR

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iShares Trust Barclays 20+ Year Treasury Bond Fund

VRSN

Select Sector SPDR-Consumer Discretionary

Stocks Rebound As US Economy Flexes Muscles, Small Caps Rally, Gold Falls: What's Driving Markets Thursday?

Wedbush analyst Seth Basham reiterates O'Reilly Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) with a Neutral and maintains $1100 price target.

Reiteration

Wedbush Reiterates Neutral on O'Reilly Automotive, Maintains $1100 Price Target

General

O'Reilly Automotive shares are trading lower after the company reported worse-than-expected Q2 financial results and issued FY24 guidance below estimates.

Sentiment continues to be jittery, with the major index futures priming for a lower opening on Thursday as traders look ahead to the first read of second-quarter GDP data and more earnings. The tech space could once again drag the broader market after a few disappointing earnings reports from the likes of Franco-Italian chipmaker STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>), which predominantly supplies to the automotive end market, and semiconductor test-equipment company Teradyne, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>).
Traders may also stay glued to second-quarter GDP data to confirm the slowdown suggested by some recent data does not point to a hard landing. That said, bond yields are dipping as the market, factoring in not-so-positive economic data, and commodities are moving to the downside.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.50%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.29%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.10%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.07%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Thursday, the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) moved down 0.24% to $539.94, while the Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) fell 0.43% to $461.40, according to <a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>. Cues From Last Session:
Mega-cap earnings proved to be the undoing of the market on Wednesday, triggering an across-the-board sell-off. The major indices opened lower, with the sell-off intensifying in early trading after S&amp;P Global&#8217;s manufacturing purchasing managers&#8217; index unexpectedly fell into contraction territory and new home sales for June unexpectedly declined.
The key averages declined steadily through the session before closing the day notably lower. The S&amp;P 500 Index and the Nasdaq pulled back to their lowest closes since June 12 and June 11, respectively, while the 30-stock Dow Jones Industrial Average fell to a nearly two-week low. 
On a percentage basis, the S&amp;P 500 and the Nasdaq Composite indices posted their worst performances since Dec. 15, 2022 and Oct. 7, 2000, respectively, <a href="https://www.marketwatch.com/livecoverage/stock-market-today-dow-futures-retreat-as-big-tech-earnings-disappoint/card/nasdaq-s-p-500-end-with-worst-days-since-2022-after-sharp-selloff-in-stocks-51c9PsIEmZRNo2D3h3Jc?mod=bnbh">according</a> to MarketWatch. 
Defensive utility, healthcare and consumer staple stocks escaped the brunt of the selling pressure, which was manifested more acutely in IT, communication services and consumer discretionary stocks. Energy stocks also posted modest gains.
Small-caps also joined their large-cap counterparts in the sell-off, with the Russell 2,000 slipping over 2%.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-3.64%</td>
<td>17,342.41</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-2.31%</td>
<td>5,427.13</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.25%</td>
<td>39,853.87</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-2.14%</td>
<td>2,195.37</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Morgan Stanley Chief U.S. Equity Strategist Mike Wilson in a podcast on Monday said the perceived underperformers under a Donald Trump presidency are alternative energy stocks and stocks of companies likely to be affected the most by increased tariffs. He noted that it is a widely-held view that Trump&#8217;s win in conjunction with a Republican sweep could be particularly beneficial for banks, small-caps, energy infrastructure and even industrials.
These cyclical areas that are perceived to outperform under a Trump Presidency did work in 2016 and through part of 2017, but they did even better during Biden&#8217;s first year, Wilson said. &#8220;Our rationale on this front is that the cycle plays a larger role in how stocks trade broadly and at the sector level than who is in the White House,&#8221; he said.
These cyclicals show &#8220;strong, but often not quite as strong performance in mid-cycle periods like 2016-17. They tend to show less strong returns later in the cycle like the current period,&#8221; he said.
Wilson also delved into the lower-quality, small-cap rally, attributing it to the combination of softer consumer price inflation data and hopes for an earlier Fed cut combined with dealer demand and short covering from investors on the back of Trump's improving odds.
&#8220;For those looking to the 2016 playbook,  we would point out that relative earnings revisions for small-cap cyclicals are much weaker today than they were during that period,&#8221; he said.
&#8220;Based on the evidence to date, we  would resist the urge to chase this cohort and lean back into large-cap quality and defensives.&#8221;
Charlie Bilello, chief market strategist at Creative Planning Investor, shared a graphic that showed the spread between the small and large caps, suggesting the &#8220;largest 10-day Small Cap outperformance ever.&#8221;
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">US Small Caps are up 7% over the last 10 trading days while US Large Caps are down 4%. The 11% spread is the largest 10-day Small Cap outperformance ever. <a href="https://twitter.com/search?q=%24IWM&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$IWM</a> <a href="https://twitter.com/search?q=%24SPY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SPY</a> Chart of the Day: <a href="https://t.co/JHO611M8Fh">https://t.co/JHO611M8Fh</a> <a href="https://t.co/0kQXFzjpkD">pic.twitter.com/0kQXFzjpkD</a>
&mdash; Charlie Bilello (@charliebilello) <a href="https://twitter.com/charliebilello/status/1816234621165518911?ref_src=twsrc%5Etfw">July 24, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data:
<ul>
<li>The Bureau of Economic Analysis is due to release the first estimate of second-quarter GDP at 8:30 a.m. EDT. Economists, on average, expect annualized quarterly GDP growth of 2.1% compared to the 1.4% growth in the first quarter. Traders may also keep an eye on the inflation components of the report, namely the annual rate of personal consumption expenditure and the GDP deflator.</li>
<li>The Labor Department will release its weekly jobless claims report at 8:30 a.m. EDT. The number of individuals claiming unemployment benefits may have come in at 235,000 in the week ended July 20 compared to 243,000 in the previous week.</li>
<li>The Commerce Department is scheduled to release the durables goods orders report for June at 8:30 a.m. EDT. The consensus estimate calls for a 0.3% month-over-month increase in orders for durable goods, faster than the 0.1% growth in May. Excluding the volatile transportation orders, that may have increased 0.2%, reversing part of the 0.1% drop in May.</li>
<li>The Treasury will auction four- and eight-week bills at 11:30 a.m. EDT and seven-year notes at 1 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Stocks In Focus:
<ul>
<li>Chipotle Mexican Grill, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) rose over 3% <a href="https://www.benzinga.com/premarket">in premarket trading </a>following the quarterly results announcement from the fast-food chain.</li>
<li>The other stocks moving on earnings are Edwards Lifesciences Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EW#NYSE">EW</a>) (down over 22%), Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) (down over 13.6%), International Business Machines Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) (up over 4%), Las Vegas Sands Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LVS#NYSE">LVS</a>) (down over 3%), ServiceNow, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOW#NYSE">NOW</a>) ORLY) (up about 6.50%), Teradyne (down over 8%), STMicroelectronics (down over 12.50%) and O&#8217;Reilly Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ORLY#NASDAQ">ORLY</a>) (down over 5%).</li>
<li>AbbVie Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABBV#NYSE">ABBV</a>), American Airlines Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), AstraZeneca PLC (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AZN#NASDAQ">AZN</a>), Comcast Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMCSA#NASDAQ">CMCSA</a>), Dow Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), Hasbro, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>), Honeywell International Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), Sanofi (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNY#NASDAQ">SNY</a>), Southwest Airlines Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>), STMicroelectronics N.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STM#NYSE">STM</a>), Union Pacific Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UNP#NYSE">UNP</a>) and Xerox Holdings Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XRX#NASDAQ">XRX</a>) are among the<a href="https://www.benzinga.com/calendars/earnings"> notable companies reporting ahead of the market open.</a></li>
<li>Those reporting after the close include SkyWest, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKYW#NASDAQ">SKYW</a>), Juniper Networks, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JNPR#NYSE">JNPR</a>), Deckers Outdoor Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DECK#NYSE">DECK</a>), Boyd Gaming Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BYD#NYSE">BYD</a>), BJ&#8217;s Restaurants, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BJRI#NASDAQ">BJRI</a>) and VeriSign, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRSN#NASDAQ">VRSN</a>)</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell sharply, dropping to the lowest since June 10 intraday, and gold futures also fell, retreating below the $2,400 mark. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell toward the $64K level. The yield on the 10-year benchmark Treasury note was down 6.5 basis points to 4.22%. 
The major global equity markets were swathed in a sea of red, with the Asian markets, led lower by the Japanese markets, as traders in the regional markets fretted about the losses on Wall Street and expressed apprehensions ahead of key U.S. data. European stocks were deep in negative territory, stung by the negative global market sentiment and some disappointing earnings.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39874391/tesla-alphabet-gm-ford-lead-earnings-parade-this-week-as-market-struggles-to-sustain-the-summer-">Tesla, Alphabet, GM, Ford Lead Earnings Parade This Week As Market Struggles To Sustain The Summer Rally</a></li>
</ul>
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