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Earnings Jul 16 James Calloway

Morgan Stanley Shares Slump Despite Record Wealth Inflows, IPO Conversion Lags

Morgan Stanley shares dropped 4.45% despite record Q2 earnings, as IPO-related wealth inflows of $148.1 billion saw only 26.4% convert to fee-based assets, sparking investor scrutiny.

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Markets Jul 16 Daniel Marsh

Eli Lilly Shares Gain on Atai Deal with $1 Billion Milestone Potential

Eli Lilly shares edged up 1.08% on a $3.8B deal with Atai Life Sciences, which could unlock up to $1 billion in milestone payments for psychedelic depression drugs.

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Technology Jul 16 Sarah Chen

Alphabet Shares Shed $200B on Gemini 3.5 Pro Rollout Delay

Alphabet lost nearly $200 billion in market value after delaying its Gemini 3.5 Pro AI launch, with shares falling 4.4% as investors worry about AI returns.

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Markets Jul 16 Daniel Marsh

Verizon's Store Sale Shifts Investor Focus to Execution

Verizon plans to sell 274 stores, reducing its owned footprint by 21.5% and impacting 3,000 positions. The move shifts investor attention to execution.

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Markets Jul 16 Daniel Marsh

AMD Shares Tumble 5.3% on Valuation Worries, Despite Strong Chip Demand

AMD shares fell 5.3% on Thursday, losing $46 billion in market cap, as valuation worries persisted despite strong chip demand. The stock's trailing P/E of 164 dwarfs Nvidia's 32.

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Markets Jul 16 Daniel Marsh

Dow Drops 183 Points as High-Priced Stocks Weigh on Index

The Dow slipped 183 points on July 16, led by a 604-point drag from Goldman Sachs and Caterpillar, while other stocks offset losses. Tech and chip stocks also declined.

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Markets Jul 16 Daniel Marsh

S&P 500 Concentration Risk Exposed as Chip Rout Hits Markets

U.S. stocks ended lower Thursday, led by a sharp decline in semiconductor shares, underscoring concentration risk in the S&P 500.

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Markets Jul 16 Daniel Marsh

Coca-Cola Gains 2.6% as Defensive Staples Rally Ahead of Earnings

Coca-Cola rose 2.6% to $84.63, just below its July peak, as consumer staples rallied amid a broader market dip. The stock trades at a premium, with Q2 earnings on July 28 as the next catalyst.

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Markets Jul 16 Daniel Marsh

Mixed Retail Sales Keep September Fed Hike on Table, S&P 500 Dips

U.S. retail sales grew 0.2% in June, below forecasts, but excluding gasoline they surged 0.7%. The mixed data kept September Fed rate hike expectations above 50%, weighing on equities.

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Markets Jul 16 Daniel Marsh

Arm Holdings Plunges 7.5% as Rich Valuation Exacerbates Semiconductor Rout

Arm Holdings dropped 7.5%, losing $21.9 billion in market cap, as its elevated valuation of 301x earnings magnified a broader semiconductor decline.

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Earnings Jul 16 James Calloway

Citi shares sink as weak H2 return outlook overshadows strong Q2

Citigroup shares dropped 2% after full-year RoTCE guidance signaled a weaker second half, despite a strong Q2 earnings beat.

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Markets Jul 16 Daniel Marsh

Energy Stocks Surge on Middle East Tensions, Outperform Tech by 3.5 Points

Energy stocks gained 1.1% on Middle East oil risks, outperforming tech which dropped 2.4%. S&P 500 slipped 0.6% as Brent held above $84 and Treasury yields rose.

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