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July 9, 2025

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Just when we thought tariff talk had gone quiet, it’s back on center stage. With the reciprocal tariff deadline landing this Wednesday, President Trump has mailed out notices that new duties will kick in on August 1. Countries such as Japan, South Korea, Malaysia, and Kazakhstan face a 25% levy, while a few others may see steeper rates.  

Wall Street didn’t take the news well. On Monday, the S&P 500 ($SPX) closed lower by 0.79%.  

Before the July 4 long weekend, the S&P 500 and Nasdaq Composite ($COMPQ) notched fresh record highs, buoyed by solid jobs data. But like migratory birds, tariffs circled back on Monday and pushed stocks lower almost across the board.  

Monday’s performance can be encapsulated by the StockCharts MarketCarpets screenshot below. It was pretty much red except for a few lonely green squares. 

FIGURE 1. STOCK MARKET’S PERFORMANCE ON MONDAY, JULY 7. Besides a few lonely green squares, the screen lit up red. Image source: StockCharts.com. For educational purposes.

Why Pullbacks Can Be Your Friend

Stock market pullbacks aren’t all bad. They give investors and traders a chance to go bargain hunting. A handy tool is the Market Movers panel in your StockCharts Dashboard. Check the “S&P 500 % Down” category to spot the 10 stocks in the index that had the largest % loss for the trading day. Then view the charts and see if any deserve a place in your ChartLists.

Two names that caught my eye: 

  1. Tesla, Inc. (TSLA)
  2. ON Semiconductor Corp. (ON) 

FIGURE 2. MARKET MOVERS PANEL FROM MONDAY, JULY 7. From this list, two stocks worth considering as “buy the dip” opportunities are TSLA and ON. Image source: StockCharts.com. For educational purposes.

Tesla, Inc. (TSLA): Sitting on the Fence

While it’s clear that politics helped knock TSLA down, the chart tells a fuller story. 

From the daily chart of TSLA below, it’s clear that the stock has seen some erratic movement recently. 

FIGURE 3. DAILY CHART OF TSLA’S STOCK PRICE. TSLA’s stock price has danced above and below its 200-day simple moving average, and momentum is relatively weak. Chart source: StockCharts.com. For educational purposes.

Since April, TSLA’s stock price looked like it was recovering after it broke out above its 200-day simple moving average (SMA). However, in early June it dipped below it and then went above it, and is now back below it. The June 23 high was below the end of May high. The relative strength index (RSI) and percentage price oscillator (PPO) indicate weakening momentum. The big question is where is TSLA going to find support? 

Watch three support levels on your chart. TSLA’s stock price has moved above the first support level. Look for momentum to pick up to confirm the upside move. If TSLA’s stock price doesn’t hold at this level and falls further towards the $270 or $220 levels, similar conditions would apply. However, a significant fall in price would weaken momentum significantly and would need stronger evidence to consider going long. 

ON Semiconductor (ON): Stalling at Resistance

ON has lagged its chip-making peers. Over the past year, ON Semiconductor has underperformed the VanEck Semiconductor ETF (SMH). ON supplies chips to automakers and manufacturers, so its fortunes rise and fall with car demand. 

The daily chart of ON below shows that since early April the stock price has recovered with a series of higher highs and higher lows. It is now facing resistance of its 200-day SMA, a resistance area that coincides with the February high and the early January gap down. Momentum looks like it’s rising as indicated by the slight rise in RSI and a potential bullish crossover in the PPO. 

FIGURE 4. DAILY CHART OF ON SEMICONDUCTOR. Since early April, ON has printed higher highs and higher lows. The stock price is now hovering around its 200-day SMA, and momentum seems to be gaining a little strength. Chart source: StockCharts.com. For educational purposes.

I would look for ON to clear $58 on strong volume and improving momentum before opening a long position.  

Closing Position

  • Add price alerts in StockCharts at each support level (for TSLA) or resistance level (for ON).
  • When an alert triggers, re-evaluate the chart to confirm if momentum is strong enough for a price reversal and upside follow-through. 

A short-term investment could be a better choice for TSLA since its price performance is correlated to Elon Musk’s involvement with the company. 

ON could be a steadier, longer-term investment if the stock price breaks above resistance. 

No matter what, decide in advance where you’ll place your stops. Then stick to your plan because discipline always wins.


Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.

Russia launched its largest drone attack on Ukraine since the beginning of its invasion, Ukrainian officials said Wednesday, just hours after US President Donald Trump pledged more military support for Kyiv and accused his Russian counterpart Vladimir Putin of throwing “bullsh*t” over peace talks.

The massive aerial assault involved 741 drones, Ukraine’s Air Force said, eclipsing the previous record number of 539 drones, set on July 4, by hundreds – but it was largely repelled, with the damage limited and no immediate reports of deaths.

“This is a demonstrative attack, and it comes at a time when there have been so many attempts to achieve peace and cease fire, but Russia rejects everything,” Ukrainian President Volodymyr Zelensky wrote on Telegram.

“Our partners know how to apply pressure so that Russia will be forced to think about ending the war, not new strikes. Everyone who wants peace must act.”

The barrage, which mainly targeted the city of Lutsk, in northwestern Ukraine, was so intense it caused Poland’s military to scramble aircraft in its airspace. It comes after weeks of intensifying aerial strikes on Ukraine by Russia.

“Last night, our region was again subjected to a mass attack,” Ivan Rudnitskyi, the head of the military administration in Volyn region, home to Lutsk, said on Telegram. “Virtually everything was flying towards Lutsk.”

Ukraine’s Air Force said it destroyed 718 of the drones. There were no immediate reports of fatalities. One woman was hospitalized with chest injuries in the city of Brovary, near Kyiv, its mayor said.

Ukraine launched 86 drones towards Russia overnight, according to the Russian Ministry of Defense.

Moscow’s scaled up assault on Kyiv follows a remarkable 48 hours in the White House, where Trump vented his anger about Russian leader Vladimir Putin’s lack of commitment to a peace deal and pledged more support for Ukraine.

“We get a lot of bullsh*t thrown at us by Putin, if you want to know the truth,” Trump said in a Cabinet meeting. “He’s very nice all of the time, but it turns out to be meaningless.”

Kyiv urgently needs more US-made Patriot interceptor missiles to repel Russian attacks.

“We’re going to send some more weapons (to Ukraine),” Trump said on Monday evening. “We have to — they have to be able to defend themselves.”

“They’re getting hit very hard. We’re going to have to send more weapons,” Trump added. “Defensive weapons, primarily, but they’re getting hit very, very hard.”

A Pentagon spokesman later said that “at President Trump’s direction, the Department of Defense is sending additional defensive weapons to Ukraine to ensure the Ukrainians can defend themselves while we work to secure a lasting peace and ensure the killing stops.”

Secretary of Defense Pete Hegseth did not inform Trump before authorizing the weapons pause last week, according to five sources familiar with the matter.

This post appeared first on cnn.com

Doctors in Gaza say they were forced to cram multiple babies into one incubator as hospitals warned that fuel shortages are forcing them to shut off vital services, putting patients’ lives at risk.

The UN has warned that the fuel crisis is at a critical point, with the little supplies that are available running short and “virtually no additional accessible stocks left.”

“Hospitals are rationing. Ambulances are stalling. Water systems are on the brink. And the deaths this is likely causing could soon rise sharply unless the Israeli authorities allow new fuel in – urgently, regularly and in sufficient quantities,” the Office for the Coordination of Humanitarian Affairs (OCHA) said.

An 11-week Israeli blockade on humanitarian aid earlier in the year pushed the enclave’s population of more than 2 million Palestinians towards famine and into a deepening humanitarian crisis. Limited aid deliveries resumed into the besieged enclave in May but aid groups have said it is not nearly enough to meet the scale of the needs.

The director of the Al-Ahli Hospital, south of Gaza City posted a photo on social media Wednesday of multiple newborn babies sharing a single incubator which was taken at another facility, Al-Helou.

“This tragic overcrowding is not just a matter of missing equipment — it’s a direct consequence of the relentless war on Gaza and the suffocating blockade that has crippled the entire healthcare system,” Dr. Fadel Naim wrote in a post on X.

“The siege has turned routine care for premature babies into a life-or-death struggle. No child should be born into a world where bombs and blockades decide whether they live or die.”

The director of Al-Shifa Hospital in northern Gaza said the shortages were forcing them to close kidney dialysis sections so they could focus on intensive care and operating theatres.

Footage from inside the hospital showed doctors using flashlights as they treated patients.

Another facility, the Nasser Medical Complex, said it had 24 hours of fuel left and was concentrating on vital departments such as maternity and intensive care.

Fuel vital for basic services

In addition to fuel shortages, difficulty finding replacement parts for the generators that power Gaza’s hospitals risks is forcing more to shut down.

The Al-Aqsa Martyrs Hospital in central Gaza issued an urgent statement that the facility’s main generator had broken down due to a lack of spare parts, forcing it to rely on a smaller backup unit.

“Fuel will run out within the coming hours, and the lives of hundreds of patients are at risk inside the hospital wards,” the statement said.

“The hospital’s shutdown threatens to disrupt healthcare services for half a million people in the Central Governorate.”

Beyond hospitals, fuel is essential to keep basic services running in Gaza. The territory relies heavily on imports for cooking, desalination and wastewater plants, and to power the vehicles used in rescue efforts.

Israel has restricted the entry of fuel throughout the conflict, and has previously claimed Hamas could use it to launch weapons.

The aid group Doctors Without Borders (MSF) warned of what it called “an unprecedented humanitarian crisis” unfolding in Gaza, in a statement Tuesday and called for a ceasefire and the entry of far greater levels of humanitarian aid.

“Our teams have worked to treat the wounded and supply overwhelmed hospitals as indiscriminate attacks and a state of siege threaten millions of men, women and children,” MSF said.

“We urge Israeli authorities and the complicit governments that enable these atrocities, including the UK Government, to end the siege now and take action to prevent the erasure of Palestinians from Gaza.”

This post appeared first on cnn.com

Waymo announced Tuesday that it is offering accounts for teens ages 14 to 17, starting in Phoenix.

The Alphabet-owned company said that, beginning Tuesday, parents in Phoenix can use their Waymo accounts “to invite their teen into the program, pairing them together.” Once their account is activated, teens can hail fully autonomous rides.

Previously, users were required to be at least 18 years old to sign up for a Waymo account, but the age range expansion comes as the company seeks to increase ridership amid a broader expansion of its ride-hailing service across U.S. cities. Alphabet has also been under pressure to monetize AI products amid increased competition and economic headwinds.

Waymo said it will offer “specially-trained Rider Support agents” during rides hailed by teens and loop in parents if needed. Teens can also share their trip status with their parents for real-time updates on their progress, and parents receive all ride receipts.

Teen accounts are initially only being offered to riders in the metro Phoenix area. Teen accounts will expand to more markets outside California where the Waymo app is available in the future, a spokesperson said.

Waymo’s expansion to teens follows a similar move by Uber, which launched teen accounts in 2023. Waymo, which has partnerships with Uber in multiple markets, said it “may consider enabling access for teens through our network partners in the future.”

Already, Waymo provides more than 250,000 paid trips each week across Phoenix, the San Francisco Bay Area, Los Angeles, Atlanta, and Austin, Texas, and the company is preparing to bring autonomous rides to Miami and Washington, D.C., in 2026.

In June, Waymo announced that it plans to manually drive vehicles in New York, marking the first step toward potentially cracking the largest U.S. city. Waymo said it applied for a permit with the New York City Department of Transportation to operate autonomously with a trained specialist behind the wheel in Manhattan.

This post appeared first on NBC NEWS

Boeing delivered 60 airplanes last month, the most since December 2023, as the plane maker seeks to raise production of its bestselling 737 Max jets after a series of manufacturing and safety problems.

The tally was the highest since before a door plug from one of its new 737 Max 9 planes blew out midair in January 2024, sparking a new crisis for the company and slowing production and deliveries of aircraft. Of the monthly total, 42 were 737 Maxes, going to customers including Southwest Airlines, Alaska Airlines and United Airlines.

CEO Kelly Ortberg, who took the top job at Boeing last August, has said the company has made progress in improving production rates and quality on its factory lines.

For the three months ended June 30, Boeing handed over 150 airplanes, its best second quarter since 2018, before two crashes of Max planes five months apart grounded the jets and sparked a multiyear crisis at the top U.S. exporter. That was also the last year Boeing posted an annual profit. Its problems also gave rival Airbus a bigger lead over Boeing.

Boeing this spring had been producing about 38 Max aircraft a month and will need Federal Aviation Administration approval to go above that limit, which the agency set after the door plug accident. Ortberg said at a Bernstein investor conference in late May that he’s confident that the company could increase production to 42 of the jets a month.

The company booked 116 gross orders in June, or 70 net orders when including cancellations and accounting adjustments. Boeing often removes or adds orders to its backlog for a variety of reasons including customers’ financial health.

Boeing’s backlog stood at 5,953 as of June 30.

The manufacturer is set to report second-quarter financial results on July 29, when investors will be focused on Ortberg’s plan to increase production and aircraft deliveries.

This post appeared first on NBC NEWS