LIVE Stocks bounce back from 3-day rout as S&P 500, Nasdaq rally Milan - Delayed Quote • EUR (S34146.MI) Follow Compare 0.0035 -0.0025 (-41.67%) At close: 9:00 PM GMT+2 Related News Disney earnings preview: Muted parks growth, streaming hurdles expected to weigh on results Disney will report its fiscal third quarter earnings before the bell on Wednesday. Here's what to expect. Trump’s crypto impact: Will Gary Gensler survive? Dan Roberts, Editor-in-Chief of Front Office Sports, discusses the potential impact of Trump's presidency on crypto regulation. They explore how political changes could affect the industry, referencing Gary Gensler's current role and the crypto community's reaction to regulatory challenges.Roberts goes on to talk about the future of live sports events and the impact of streaming services on the sports industry.He shares his insights with Yahoo Finance’s Jared Blikre and Sydnee Fried on "Stocks in Translation." Listen to the full episode wherever you get your podcasts. Wall Street sees 'buying opportunity' amid AI pullback Artificial intelligence stocks have been hammered amid the market sell-off, and some strategists see a potential buying opportunity for investors who believe in AI upside longer term. Palantir's stock rises on earnings, full-year outlook boost Shares of Palantir (PLTR) are rising in Tuesday's pre-market trading after the software company beat second quarter revenue estimates on Monday, posting $678 million against an expected $653 million. The company raised its full-year outlook on strong demand for its AI products and services with CEO Alex Karp claiming that AI has "transformed" the business in a letter to shareholders. Morning Brief Anchors Brad Smith and Seana Smith break down Palantir's earnings figures and what it could mean for the company moving forward. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino Lucid, Palantir report earnings: Market Domination Overtime On today's episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton break down the market close and what to watch on Tuesday, August 6th. Markets tanked on Monday, closing the session lower after widespread selling activity: the Dow Jones Industrial Average (^DJI) sank by 1,033 points (2.6%), the Nasdaq Composite (^IXIC) dropped off by 576 points (3.43%), and the S&P 500 (^GSPC) fell by 160 points (3.0%). iCapital Chief Investment Strategist Anastasia Amoroso explains that the sell-off has been gaining steam, but Monday's action "feels like a tantrum." Amid a slower economy, Amoroso expects defensive trades to outperform and points to tax-exempt municipal bonds as a good opportunity. She also believes real estate is a solid play, as it is a sector best positioned to benefit from an interest rate cut. While the technology sector is being hammered by a global sell-off, Amoroso argues that in the longer-term, investors could buy some of the semiconductor stocks that benefit from AI on the dip. Lucid (LCID) shares are soaring in after-hours trading after reporting better-than-expected second quarter revenue. The EV maker also announced it has received a $1.5 billion commitment from the Public Investment Fund, Saudi Arabia's sovereign wealth fund. Similarly, shares of Palantir Technologies (PLTR) are rising after the company saw its revenues surge by 27% year-over-year in its second quarter earnings and raised its 2024 revenue guidance. Finally, Julie Hyman and Josh Lipton break down what to watch on Tuesday, August 6th, from Uber (UBER) earnings to the announcement of Kamala Harris's vice presidential pick. This post was written by Melanie Riehl Palantir earnings shine a light on dark day for tech stocks Palantir (PLTR) shares are rising after the company reported second quarter earnings that beat estimates on both the top and bottom lines and raised its full-year guidance. Argus Research senior securities analyst Joseph Bonner joins Market Domination Overtime to break down the earnings and the company's overall valuation. Bonner notes that Palantir's earnings was a "pretty great report" amid a tough day for tech stocks. He explains that the data analytics software company is taking a "differentiated approach" from its competitors as it takes its systems and joins them with other models instead of developing its own large language model, saving them more money in the long run. "There's kind of a thesis out there that maybe these large language models eventually become commoditized. So you know, maybe it's not the best thing to go at their size investing in these big models," Bonner says on Palantir's AI pivot. He believes that Palantir's valuation is still attractive as the company is now expanding into the commercial space after focusing on government contracts. He notes that this pivot "could provide a lot of opportunities" both domestically and internationally. For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Melanie Riehl Nvidia stock tanks as 'Mag 7' stocks lose more than $650 billion in market cap Nvidia led the Magnificent 7 stocks lower Monday as the group suffered a $650 billion market valuation wipeout. All eyes are on the future of the tech trade during sell-off The widespread sell-off in US equities (^DJI, ^IXIC, ^GSPC) continues just ahead of Monday's closing bell. The tech sector (XLK) has been a significant anchor dragging down tech-heavy indexes, but could this be a good thing for Big Tech's Magnificent Seven as investors were rotating out of tech before this broad selling activity even began? Josh Schafer outlines the year-to-date trends that brought the tech trade to new heights, now contending with new challenges, and how closely Wall Street will be watching Nvidia's (NVDA) second quarter earnings results on Wednesday, August 28. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Luke Carberry Mogan. Disney Hikes Streaming Prices Ahead Of Earnings, Rides Deadpool Success Disney reports Q3 results early Wednesday. The Dow Jones giant is celebrating its latest Marvel hit, NBA contract extension. Why Nvidia, Taiwan Semiconductor Manufacturing, Arm Holdings, and Other Artificial Intelligence (AI) Stocks Rallied on Tuesday Evidence is piling up that the adoption of AI continues to gain steam. Market Chatter: Fubo Seeks Preliminary Injunction Against Fox-Disney-Warner Sports Streaming Service Market Chatter: Fubo Seeks Preliminary Injunction Against Fox-Disney-Warner Sports Streaming Service Kenvue (KVUE) Q2 2024 Earnings Call Transcript KVUE earnings call for the period ending June 30, 2024. Dow Jones Up As Google Ruling Raises Apple Fears; Uber Zooms On Monster Beat (Live Coverage) The Dow Jones was up on the stock market today. Palantir stock surged on earnings. Cathie Wood snapped up a diving stock. Nvidia gained. Magnificent Seven Stocks: Nvidia Stock Rebounds; Apple Slides Dubbed the Magnificent Seven stocks, Apple, Microsoft, Google parent Alphabet, Amazon.com, Nvidia, Meta Platforms and Tesla lived up to their name in 2023 with big gains. But the start of the third quarter of 2024 showed their returns diverging and the whole group has come under selling in recent weeks. These Stocks Are Moving the Most Today: Palantir, Nvidia, Uber, Caterpillar, CrowdStrike, Lumen, Kenvue, ZoomInfo, and More Palantir posts an earnings beat on ‘unrelenting wave of demand’ for AI systems, and Nvidia stock claws back some of Monday’s losses. Both Caterpillar and Uber top second-quarter earnings estimates. Lumen Technologies Stock Jumps 88%. 3 Reasons Why. The stock soared after the telecommunications company secured $5 billion in deals amid surging demand for AI. SunPower Files for Bankruptcy. It’s the Latest Blow for the Troubled Solar Industry. The solar installer filed for bankruptcy on Monday as the sector battles rising inventory levels and overall weakness in the solar market. Stumbles for Embattled Solar Firm SunPower End in Bankruptcy (Bloomberg) -- After a drawn-out saga involving a restructuring and a management shakeup, one of the most prominent names in US solar, SunPower Corp., has now filed for bankruptcy.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingSinger Akon’s Multibillion-Dollar Futuristic City in Africa Gets Final NoticeThe 5 Coastal States That Face the Most Devastating Flood RiskParis Spent €1.4 Billion to Clean Up Disney Raises Streaming Prices Up to 25%, Adds New Channels (Bloomberg) -- Walt Disney Co. is raising the prices of its streaming services, with the lowest-cost offering, Disney+ with advertising, climbing 25% to $9.99 a month.Most Read from BloombergAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNew York City’s Outdoor Dining Sheds Will Start DisappearingSinger Akon’s Multibillion-Dollar Futuristic City in Africa Gets Final NoticeThe 5 Coastal States That Face the Most Devastating Flood RiskParis Spent €1.4 Billion to Clean Up the Seine. H Stock movers: Nvidia rebounds; Uber, Palantir, Caterpillar up These are the biggest stock market movers today.
