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Broadcom Slides 4% After Hours as AI Chip Rally Hits a Rocky Patch
Broadcom (AVGO) dropped nearly 4% in after-hours trading Monday, as a broader selloff in chip stocks reignited debate over whether the AI trade has gotten ahead of itself.
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SMCI Drops 3% as U.S. Stock Valuation Flirts With a 155-Year Record
Super Micro Computer (SMCI) slides 3% as the S&P 500’s CAPE Ratio hits 42.84, within 3.5% of the all-time peak set during the dot-com bubble, reigniting valuation fears.
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AI Bubble Fears Resurface Ahead of Bank Earnings; Google Edges Down 0.25%
Big bank earnings kick off Tuesday, with investment banking fees from the SpaceX IPO expected to fuel a blockbuster quarter. Meanwhile, tech stocks are under pressure as the AI-bubble debate reignites.
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JPMorgan Upgrades American Express, Betting on High-End Consumer Resilience Amid Geopolitical Jitters
JPMorgan upgraded American Express ahead of earnings, betting the spending power of the wealthiest Americans will hold up despite rising geopolitical risks. Big bank earnings season kicks off Tuesday with expectations for a 26% jump in investment banking revenue.
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Wall Street Analysts Shift Positions: Disney Gets a Nod, Gold Stocks Downgraded
Bank of America flags Disney and four other names as buys ahead of earnings; Morgan Stanley sees profit potential beyond tech; Zacks cuts Sibanye Gold to Strong Sell.
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Big Tech’s AI Hangover: Amazon, Microsoft, Nvidia Valuations Sink as Wall Street Rethinks Returns
Apple’s low-cost AI strategy is the outlier as the Magnificent Seven’s heavy spenders see their stocks tumble. Wall Street shifts from “tokenmaxxing” to “token optimization.”
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Eli Lilly Dips 2.3% Friday, But Analysts Boost Targets to as High as $1,370
Eli Lilly shares slipped 2.3% on Friday, but Wall Street analysts responded by raising price targets, with BofA lifting its to $1,334 and Truist to $1,370. The stock also got a lift from positive pipeline news, including an upcoming Kisunla data presentation and a favorable…
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Delta Air Lines Q2 Revenue Beats by 19%, Lifts Full-Year Guidance 24%
Delta Air Lines smashed Q2 revenue and profit estimates and raised its full-year earnings outlook, though operating and free cash flow margins slipped year over year.
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A Closed-End Fund Holding Nvidia Yields 11.6%—Tapping America’s ‘Quiet Boom’
A Forbes column highlights a closed-end fund holding Nvidia and Microsoft that yields 11.6% and trades at a 12.9% discount to NAV, calling it a play on America’s “quiet boom.” Nvidia closed at $210.96 on July 10.
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Earnings Season and CPI Data Loom — S&P 500 Is Just 1% From an All-Time High
The S&P 500 sits 1% from its record close as earnings season kicks off, CPI data drops, and U.S.-Iran tensions flare anew. Big banks report Tuesday.
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Bank of America Names Five Stocks to Buy Before Earnings, Including an 11.6% Yield Play
Bank of America flags IBM, Spotify, and others as buys ahead of earnings season. Forbes highlights a closed-end fund yielding 11.6%, while Barron's sees buy signals in Clorox and Verizon.
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Walmart’s Price-Cut Politics: Trump Claims Credit, Sam’s Club Bets on GLP-1 Health Perks
Trump took credit for Walmart’s price cuts, but the retailer says they were already in place. Meanwhile, Sam’s Club is rolling out new health benefits tied to GLP-1 weight-loss drugs.