π Economic Releases
| Time (ET) | Event | Impact |
|---|---|---|
| 8:30 AM | Core PPI m/m | High |
| 8:30 AM | PPI m/m | High |
π Earnings Today
| Symbol | Company | Time | Price | Mkt Cap | EPS Est |
|---|---|---|---|---|---|
| BASF SE | Before Open | $14.71 | $52.5B | 0.20 | |
| Sociedad QuΓmica y Minera de Chile S.A. | After Close | $77.97 | $22.3B | 0.80 | |
| National Bank of Greece S.A. | β | $16.50 | $15.6B | 0.31 | |
| Frontline plc | Before Open | $37.28 | $8.3B | 1.11 | |
| Pearson plc | β | $13.02 | $8.3B | β | |
| Globalstar, Inc. | Before Open | $57.88 | $7.3B | 0.01 | |
| BrightSpring Health Services, Inc. | Before Open | $40.13 | $7.2B | 0.35 | |
| TXNM Energy, Inc. | Before Open | $59.15 | $6.4B | 0.64 | |
| Transportadora de Gas del Sur S.A. | After Close | $29.93 | $5.1B | 0.53 | |
| Amneal Pharmaceuticals, Inc. | Before Open | $14.49 | $4.6B | 0.18 |
π Stocks in Play
| Symbol | Name | Volume | Price | Change | Chg % | Mkt Cap |
|---|---|---|---|---|---|---|
| NVIDIA Corporation | 357.99M | $184.89 | -10.73 | -5.49% | $4.50T | |
| Eos Energy Enterprises, Inc. | 149.52M | $6.74 | -4.39 | -39.44% | $2.18B | |
| Nu Holdings Ltd. | 138.94M | $15.06 | -1.59 | -9.55% | $72.97B | |
| Plug Power Inc. | 110.77M | $1.91 | +0.00 | +0.00% | $2.66B | |
| American Airlines Group Inc. | 94.16M | $13.94 | +0.62 | +4.65% | $9.20B | |
| Ondas Inc. | 66.76M | $10.45 | +0.15 | +1.46% | $4.70B | |
| Netflix, Inc. | 69.35M | $84.59 | +1.88 | +2.28% | $358.82B | |
| SoFi Technologies, Inc. | 68.68M | $19.10 | -0.19 | -0.98% | $24.36B | |
| IonQ, Inc. | 69.92M | $40.88 | +7.29 | +21.70% | $15.03B | |
| Intel Corporation | 70.99M | $45.46 | -1.42 | -3.03% | $227.08B |
π― Gamma Flip Point β $SPX (S&P 500 Index)
$SPX gamma flip point is 6905.23 |
π₯ Hot Market News
| Jack Dorsey's Block Cuts Over 4,000 Jobs, Stock Rises 24% Jack Dorsey announced that Block is reducing its workforce by more than 4,000 employees, nearly half its global workforce, leading to a significant stock surge of over 24% in after-hours trading.
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| Duolingo Stock Heads For Worst Day In Months As CEO Flags Slower Growth β Retail Calls Selloff βStupidβ Duolingo's shares plunged over 21% following CEO Luis von Ahn's comments on slower bookings growth and lower profitability in the near term, despite a 35% revenue rise in the latest quarter. The company is focusing on expanding its user base and AI offerings, which has led retail investors to dismiss the selloff as excessive.
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| Warner Bros. Discovery Declares Paramount's Skydance Offer Superior, Leading Netflix to Withdraw Warner Bros. Discovery has determined that Paramount Skydance's bid to acquire the company for $111 billion is a 'superior' offer compared to Netflix's previous proposal, prompting Netflix to pull out of the bid. Paramount's revised offer includes a substantial reverse termination fee and other assurances to reduce regulatory and financial risks, ultimately positioning it as a more attractive option.
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| Citrini Scare Marked the Bottom, Says Fund Betting on Bounce Sydney-based hedge fund GCQ Funds Management claims the recent software stock selloff, triggered by AI disruption fears from a Citrini Research post, has reached its lowest point. The fund has shifted investments into tech stocks like Microsoft, Intuit, and SAP, betting on a rebound as the market recovers from the dip.
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π± Forex News
| Oil Prices Set for Weekly Decline as Risk Premium Eases Oil prices are projected to decline for the week as geopolitical tensions ease, reducing the risk premium that had previously led to higher prices. The calming of global risks has prompted a reassessment of market dynamics by investors and analysts.
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| GBP/USD Pair Struggles Amid BoE and Political Uncertainty The GBP/USD pair hovers near the 1.3500 mark, struggling due to political tension in the UK over allegations in the Gorton and Denton by-election and the Bank of England's hint at potential rate cuts, contrasting with the US Federal Reserve's stance. The lack of significant UK market data and upcoming US Producer Price Index could further influence the pair's movement.
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πͺ Crypto News
| JPMorgan Projects Bullish Crypto Market in H2 Following CLARITY Act Approval JPMorgan Chase projects a bullish second half of the year for the crypto market, contingent on the approval of the CLARITY Act. This legislation aims to provide regulatory clarity and facilitate greater institutional participation by ending 'regulation by enforcement.'
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| Bitcoin's (BTC) downturn has spurred conspiracy theories around alleged market manipulation by firms Despite conspiracy theories suggesting market manipulation is behind Bitcoin's downturn, Bitwiseβs CIO, Matt Hougan, believes the reasons are more straightforward, pointing to ongoing debates on factors such as institutional strategies and market cycles as the true drivers.
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| Trump Brothers-backed American Bitcoin Swings to Quarterly Loss Amid Crypto Selloff The article discusses how American Bitcoin, a company backed by the Trump brothers, has reported a quarterly loss due to the recent cryptocurrency market downturn. The loss highlights the volatility and challenges facing companies within the cryptocurrency sector.
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| Circle's post-earnings surge nears 50% as short squeeze, not strong financials, fuels rally Shares of Circle (CRCL) surged by 45% following its fourth-quarter earnings report, driven primarily by a short squeeze rather than robust financial performance. Despite Circle's USDC stablecoin showing growth, the company's profitability declined, leading analysts to highlight that the price movement was influenced more by hedge funds' short positions than by the company's earnings results.
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π οΈ Free Market Tools
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