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ASML, United Airlines And 3 Other Stocks To Watch Heading Into Wednesday
With U.S. stock futures trading lower this morning on Wednesday, some of the stocks that may grab investor focus today are as follows: Wall Street expects Johnson & Johnson (NYSE:JNJ) to report quarterly earnings at $2.70 per share on revenue of $22.31 billion before the opening bell, according to data from Benzinga Pro. Johnson & Johnson shares gained 0.5% to $151.80 in after-hours trading. Spirit Airlines Inc. (NYSE:SAVE) issued soft second-quarter preliminary revenue estimates. The company estimated total revenue for the second quarter of 2024 to be approximately $1.28 billion, lower than previously expected primarily due to lower-than-expected non-ticket revenue. Spirit Airlines...
Dow Jones Closes At Record High As Traders Turn Bullish Amid Hopes Of Fed Cutting Rates In September
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, with the index remaining in the “Greed” zone on Tuesday. U.S. stocks closed higher on Tuesday, with the Dow Jones index surging to an all-time high and settling at a record level. Traders now see a 100% chance that the US Federal Reserve will cut interest rates in September. On the economic data front, U.S. retail sales came in flat month-over-month for June compared to a revised 0.3% gain in the previous period. Import prices came in unchanged from the prior month in June, while export prices...
Top Wall Street Forecasters Revamp Ally Financial Expectations Ahead Of Q2 Earnings
Ally Financial Inc. (NYSE:ALLY) is scheduled to release its financial results for the second quarter, before the opening bell on Wednesday, July 17. Analysts expect the Detroit, Michigan-based company to report quarterly earnings at 64 cents per share, down from 96 cents per share in the year-ago period. Ally Financial expects to post revenue of $2.03 billion. It posted $2.08 billion a year earlier, according to data from Benzinga Pro. On April 18, Ally Financial reported better-than-expected first-quarter financial results. Ally Financial shares gained 1.6% to close at $44.46 on Tuesday. Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings...
ASML Beats Q2 Earnings Expectations With Strong China Sales, AI Chip Demand
ASML Holding NV (NASDAQ:ASML), the leading supplier of equipment to computer chip manufacturers, has exceeded second-quarter earnings forecasts, driven by robust sales in China and a surge in new bookings. What Happened: The Dutch company reported a second-quarter net income of 1.6 billion euros ($1.75 billion) on revenues of 6.2 billion euros ($6.77 billion), surpassing analysts’ expectations of 1.41 billion euros on revenue of 6.04 billion euros, Reuters reported on Wednesday. The new bookings for the quarter stood at 5.6 billion euros ($6.11 billion), a significant increase from the 3.6 billion euros in the first quarter of 2024. Christophe Fouquet, the new...
Cybertruck Curiosity Grips Tesla Shareholders As Elon Musk-Led EV Giant Starts Taking Questions For Upcoming Earnings Call
Tesla Inc (NASDAQ:TSLA) has started taking questions from shareholders to address during the company’s second-quarter earnings call. What Happened: Tesla’s second-quarter earnings call is scheduled for July 23, 5:30 pm ET. Shareholders have already started pouring in questions, which may likely be answered by the company’s new investor relations head Travis Axelrod. A whopping number of questions raised by shareholders are centered around the company’s stainless steel Cybertruck. The questions range from possible timelines for the release of the vehicle outside the U.S., a timeline for the availability of Tesla’s driver assistance technology called Full Self Driving or FSD on the vehicle,...
Craig Wright Adds Disclaimer To Website Admitting He's Not Bitcoin-Founder Satoshi Nakamoto
Australian computer scientist Craig Wright, who has consistently claimed to be the creator of Bitcoin (CRYPTO: BTC), has been ordered by a judge in the United Kingdom to publicly deny being Satoshi Nakamoto, the pseudonymous founder of the world’s largest cryptocurrency. What Happened: In an order issued Tuesday, James Mellor directed Wright to announce on his website, Slack, and X that he is not the founder of Bitcoin, as per a report by The Block. Judge Mellor stated, “I do not consider a notice on his website on its own to be adequate.” He ordered the publication of an amended notice...
Why Are GameStop And Kitty-Themed Memecoins Trading Higher Today? Read On
Cryptocurrencies linked to legendary trader “Roaring Kitty" surged higher Tuesday on high short interest in meme stock, GameStop Corp. (NYSE:GME). What Happened: GameStop (CRYPTO: GME), the Solana (CRYPTO: SOL)-based meme coin that pays tribute to the historic 2021 short squeeze, jumped 10% in the last 24 hours. Additionally, Kitty AI (CRYPTO: KITTY) shot up 25%, with a 10% jump in 24-hour trading volumes. Both of these memecoins have no fundamental ties to GameStop or Roaring Kitty but are just playing on the speculations of a short squeeze of the meme stock and a possible repetition of the 2021 event. See Also: Pepe, dogwifhat, Floki...
Peter Schiff Downplays Bitcoin, Hypes Gold's Rise: 'Wake Up And Smell The Bear Market'
Renowned economist Peter Schiff compared the record high of gold with the contrasting decline of Bitcoin (CRYPTO: BTC), hinting at a bear market for the cryptocurrency. What Happened: On Tuesday, Schiff wrote on X that gold had hit another record high, trading just below $2,450. He forecasted that it wouldn’t be long before the yellow metal breaks above $2,500. Schiff contrasted this with Bitcoin’s performance, stating that when priced in gold, Bitcoin is down 30% from its 2021 record high. “Wake up and smell the bear market HODLers,” the gold bug said, jeering at long-term investors of the world’s largest digital...
Trump Says, 'Taiwan Should Pay Us For Defense' — Ex-President's Remark Triggers Fall In TSMC Shares
Shares of Taiwan Semiconductor Manufacturing Co Ltd (NYSE:TSM) took a hit, dropping over 2% following comments made by Presidential candidate Donald Trump. As per a Reuters report, Trump suggested that Taiwan should compensate the United States for its defense. What Happened: Trump’s remarks, made during a Bloomberg Businessweek interview on June 25 and published on Tuesday, indicated that Taiwan should bear the cost of its defense. “I know the people very well, respect them greatly. They did take about 100% of our chip business. I think, Taiwan should pay us for defense,” he said. TSMC, a key player in the advanced chip...
GameStop, Meta Platforms, TSMC, Bank Of America, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Wall Street experienced another notable day with the bulls driving the market upward, fueled by expectations of the Federal Reserve’s rate cuts in September. The Dow Jones Industrial Average had its best session since late May, soaring by 1.85% to close at 40,954.48. Meanwhile, the S&P 500 saw a slight increase, ending the day up nearly 0.6% at 5,667.20. The Nasdaq also climbed, rising 0.2% to finish at 18,509.34. These are the top stocks that gained the attention of retail traders and investors throughout the day: GameStop Corp (NYSE:GME) GameStop shares closed the day with a 5.70% increase at $28.54, with an intraday...
Bitcoin, Ethereum, Dogecoin Retain Gains: Popular Analyst Predicts King Crypto Could Hit A New All-Time High If It Breaks This Price Target
Leading cryptocurrencies held on to their gains Tuesday, as investors expected the relief rally to go longer. What Happened: Bitcoin broke $66,000 for the first time in a month and has rallied 22% since its low of $54,000 during the early July bloodbath. The coin faces stiff resistance at the level as of this writing. Ethereum breached $3,500 during overnight hours Tuesday, a level last seen on July 1. About $198.71 million worth of positions were liquidated in the last 24 hours, with short liquidations accounting for $100 million. Bitcoin's Open Interest spiked 3.28% to $34.36 billion in the last 24 hours, marking the...
Bernie Sanders Slams Elon Musk's Reported $45M Donations To Trump Campaign: 'We Need A Government That Represents All, Not Just Billionaires'
Sen. Bernie Sanders (I-Vt.) has criticized Elon Musk’s reportedly hefty monthly contributions to the presidential campaign of former president Donald Trump, emphasizing the need for public funding of elections. What Happened: In a social media post on Tuesday, Sanders, a long-standing advocate for wealth redistribution, expressed concern over Musk’s reported monthly donations of $45 million to the Trump campaign. He stressed the importance of overturning Citizens United and transitioning to publicly funded elections to ensure a government that represents all citizens, not just billionaires. The Supreme Court’s decision in Citizens United v. Federal Election Commission is a significant ruling, dating back to...
Tesla Stock Could Shoot Up 10 Times Due To Robotaxis, Says Cathie Wood: 'The Biggest AI Project Evolving Today'
Cathie Wood of Ark Investment Management LLC expressed her belief that Tesla Inc. (NASDAQ:TSLA) could see a significant surge in its stock price as it moves into the autonomous taxi business. Wood suggests that this shift could present a global revenue opportunity of $8 trillion to $10 trillion. What Happened: During the Tiger Money podcast, Wood stated that Tesla could potentially capture up to 50% of the autonomous taxi market. Investors are beginning to value Tesla beyond its electric vehicle production, factoring in its potential in the autonomous taxi sector, reported Bloomberg. “Autonomous taxi platforms are the biggest AI project evolving today,”...
Donald Trump Plans Launch Of Fourth NFT Collection: 'I'm Going To Do Another One Because The People Want Me To Do Another One'
Former President and Republican nominee for this year’s presidential elections, Donald Trump, is gearing up to launch his fourth non-fungible token collection. What Happened: Trump revealed in an interview with Bloomberg Businessweek that his previous NFT collections were a success, selling out 45,000 cards each time. The decision to release another collection is driven by its high demand. “I'm going to do another one, because the people want me to do another one,” the presidential hopeful said. “But the thing I really noticed was everything was paid in—I would say almost all of it was paid in crypto, in this new currency....
Trump Told Robert Kennedy Jr Over The Phone That The Bullet Felt Like 'The World's Largest Mosquito'
In a recent development, Donald Trump, the Republican presidential nominee, has been recorded in a conversation suggesting that Robert F. Kennedy Jr., the independent presidential candidate, could support his campaign. What Happened: A video of a phone call between Trump and Kennedy was posted on social media and later verified by Kennedy, as per a Reuters report on Friday. Trump is heard saying, “I would love you to do something – and I think it would be so good for you and so big for you,” seemingly referring to the 2024 election race. Trump also brought up an assassination attempt on Kennedy...
Trump Eyes Jamie Dimon For Treasury Secretary, Rules Out Ousting Fed Chair Jerome Powell
In a recent development, former President Donald Trump has expressed his consideration of JPMorgan Chase & Co (NYSE:JPM) CEO Jamie Dimon for the Treasury Secretary position if he emerges victorious in the forthcoming November 5 election. Furthermore, Trump has assured that he will not seek to displace Federal Reserve Chair Jerome Powell before the end of his term. What Happened: Trump disclosed his potential plans during a late June interview with Bloomberg. JPMorgan has chosen to remain silent on Trump’s comments. Powell, whose term as Federal Reserve Chair is set to end in 2026, announced on Monday that he has no...
Did Trump Pick The Right Running Mate? Poll Finds 44% Believe J.D. Vance Was Chosen For A Simple Reason
Sen. J.D. Vance (R-Ohio) may not be as well known nationally as other politicians, despite now being the vice-presidential running mate of Donald Trump in the 2024 presidential election. What Happened: Trump selected Vance as his running mate in an announcement made Monday ahead of the Republican National Convention. A senator since 2023, winning a seat in the 2022 election, Vance is one of the less experienced vice-presidential candidates floated by Trump for months. At the age of 39, Vance could also become the third youngest vice president of all time if Trump wins the election. Benzinga recently polled readers to see how...
Good News For Cinemark, AMC Stock? New Report Predicts 2026 Cinema Revenue Passing Pre-COVID-19 Levels — But There's A Catch
The movie theater sector got a bit of a lift to start the second half of 2024 with several movies, such as “Inside Out 2,” hitting impressive box office figures. A new report says there could be more optimism ahead for the movie sector, but it might not favor movie theater companies as much as other sectors. What Happened: The global box office is expected to post a year-over-year decline in revenue in 2024, with the first half of 2024 posting a significant drop to the prior year already. A new report from PwC shows the global total cinema revenue passing pre-COVID-19 pandemic...
Marjorie Taylor Greene Uses RNC To Weigh In On Immigration Debate: 'The Democrats Economy Is Of, By And For Illegal Aliens'
The Republican National Convention (RNC) kicked off Monday and featured several speakers including Rep. Marjorie Taylor Greene (R-Ga.), who gave a speech hitting on several 2024 election topics. What Happened: One of the biggest names to speak on Monday, the Republican representative shared her thoughts on the recent assassination attempt on former President Donald Trump, immigration and gender. "For far too long, the establishment in Washington has sold us out," Greene said, as reported by Deadline. "They promised unity and delivered division. They promised peace and brought war." In her speech, Greene attacked the Democratic party and accused them of being responsible for...
Controversy And Allegations Erupt Among Massachusetts Psychedelics Community As Legalization Ballot Looms
Leaked emails have revealed that James Davis, founder of Bay Staters for Natural Medicine (BSNM), and Mike Botelho, co-founder of New England Veterans for Plant Medicine (NEVPM) are at the center of a controversy involving fraud and identity theft. This development casts a shadow over the upcoming November election in Massachusetts, which includes a ballot measure on the legalization of psychedelics. The allegations, reported Double Blind Magazine, stem from an investigation by Talking Joints Memo and Boston Institute for Nonprofit Journalism, which found that Davis impersonated Botelho for months. The two advocacy groups, BSNM and NEVPM, had joined forces last year...
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