Oracle Stock Rises 5.6% Amid $638B Backlog Cash Conversion Test
Technology Sarah Chen

Oracle Stock Rises 5.6% Amid $638B Backlog Cash Conversion Test

Oracle shares climbed 5.6% as the company faces scrutiny over converting its $638B backlog into cash, with negative free cash flow and rising capex.

ORCL AMZN MSFT GOOGL SPY
SoFi Rebounds as Investors Digest Profit Outlook
Earnings James Calloway

SoFi Rebounds as Investors Digest Profit Outlook

SoFi stock rebounded 5.3% after Q2 results, with full-year guidance suggesting a 26% EBITDA jump in the second half. Analysts are divided on the outlook.

SOFI
SpaceX Shares Slip as AI Spending Outpaces Starlink Profit
Earnings James Calloway

SpaceX Shares Slip as AI Spending Outpaces Starlink Profit

SpaceX (NASDAQ:SPCX) shares slipped 1.5% premarket as Starlink's operating profit covers only 13.9% of AI capital spending. Q2 results due Tuesday.

GOOGL
MicroVision's Reverse Split Expands Issuance Capacity Ahead of Q2 Report
Earnings James Calloway

MicroVision's Reverse Split Expands Issuance Capacity Ahead of Q2 Report

MicroVision (MVIS) began trading on a split-adjusted basis Monday after a 1-for-15 reverse split, increasing potential share issuance capacity by 70%.

MVIS OUST AEVA INVZ
AMC Surges 6.4% Premarket as Record Spider-Man Weekend Boosts Productivity
Markets Daniel Marsh

AMC Surges 6.4% Premarket as Record Spider-Man Weekend Boosts Productivity

AMC shares jumped 6.4% premarket to $3.00 after a record Spider-Man weekend drove all-time highs in attendance and revenue, boosting screen productivity metrics.

AMC CNK
Ondas Stock Holds Near $7.50 as High Short Interest Puts Focus on Q2 Report
Earnings James Calloway

Ondas Stock Holds Near $7.50 as High Short Interest Puts Focus on Q2 Report

Ondas (ONDS) stock holds near $7.50 with short interest at 43.9% of float. Q2 earnings due Aug 13 will test the company's ability to accelerate revenue toward a $525 million annual target.

ONDS AVAV RCAT KTOS BLK
Dow Futures Surge as Oil Prices Slump, Tech Lags Ahead of ISM Data
Markets Daniel Marsh

Dow Futures Surge as Oil Prices Slump, Tech Lags Ahead of ISM Data

U.S. stock futures advanced Monday with the Dow leading gains as oil prices plunged and Treasury yields slipped. Investors await ISM manufacturing data.

FERG PLTR AMD MU MAR TSN SPGI
GameStop Tumbles 9% on $1.4B Debt Swap, Investors Fear Dilution
Markets Daniel Marsh

GameStop Tumbles 9% on $1.4B Debt Swap, Investors Fear Dilution

GameStop shares dropped 9.2% in premarket after announcing a $1.4B debt-for-equity swap, raising dilution concerns. The exchange retires a third of its convertible notes but will issue new shares.

GME
AiRWA Shares Triple in Premarket as Trading Volume Explodes
Markets Daniel Marsh

AiRWA Shares Triple in Premarket as Trading Volume Explodes

AiRWA (YYAI) shares jumped 213% in premarket trading on Monday, with volume exceeding last week's total, but remain far below recent highs.

YYAI
Circle shares slide as USDC supply drop raises earnings stakes
Earnings James Calloway

Circle shares slide as USDC supply drop raises earnings stakes

Circle shares dropped 5.3% premarket as USDC supply fell to $71.8B, raising pressure on upcoming Q2 earnings. Morgan Stanley downgraded the stock.

CRCL MS
Microsoft's $678B Backlog Fuels Stock Rally, Azure Growth Outpaces Forecasts
Earnings James Calloway

Microsoft's $678B Backlog Fuels Stock Rally, Azure Growth Outpaces Forecasts

Microsoft's commercial backlog hit $678B, Azure grew 43%, and the stock surged to record highs. The company's strong guidance and expanding AI footprint beyond OpenAI are driving investor enthusiasm.

MSFT GOOGL AMZN
Transocean-Valaris Merger Spread Narrows as Q2 Earnings Loom
Earnings James Calloway

Transocean-Valaris Merger Spread Narrows as Q2 Earnings Loom

Transocean's Q2 report due Wednesday will test the Valaris merger's 2.35% spread as oil prices slide. The fixed-ratio offer's value hinges on RIG's share price and operational guidance.

RIG VAL NE SDRL EQNR