The Latest Breaking News from IOT

September S&P 500 E-Mini futures (ESU24) are down -0.10%, and September Nasdaq 100 E-Mini futures (NQU24) are down -0.15% this morning as market participants awaited a new round of U.S. economic data, with particular attention on the ADP National Employment figures.

Samsara stock is the IBD Stock of the Day, as the Internet-of-Things platform provider nears a cup-with-handle base

Futures pointed to further losses as China GDP data hit global markets. Tesla cut prices again, this time in Europe.

IOT stock gapped up 26% on earnings and is at an all time high which is also a new buy point. Samsara offers AI and cloud tools for connected devices.

The market rally won't back down, but a break would be nice. Magnificent seven stocks Nvidia and Tesla have new buy points.

Dow futures rose after the Dow Jones hit a 2023 high. Samsara led software earnings winners overnight. Cybertruck deliveries began, but Tesla fell amid details.

Samsara reported Q3 earnings and revenue that topped estimates while revenue guidance for IOT stock came in above expectations.

While BlackBerry (BB) grapples with deteriorating financials, unfavorable analyst estimates, low profitability, and a tough macro environment, the tech’s networking and communication industry’s evolution is noteworthy. Therefore, it could be wise to invest in fundamentally sound tech stocks Crane NXT (CXT), Ceragon (CRNT), and Boxlight (BOXL) instead. Read more….

Samsara is the IBD Stock of the Day as shares break out from a double-bottom base following its second-quarter earnings report.