$COIN - COINBASE FACES Q2 REVENUE MISS
Baird expects Coinbase to miss second-quarter revenue estimates by about 8%, citing weaker crypto trading volumes and prices.
The broker kept its Neutral rating and $142 price target, warning that lower trading activity could weigh on results.
Baird also sees Wall Street's 2027 earnings forecasts as too optimistic.
(@WalterBloomberg)
Baird expects Coinbase to miss second-quarter revenue estimates by about 8%, citing weaker crypto trading volumes and prices.
The broker kept its Neutral rating and $142 price target, warning that lower trading activity could weigh on results.
Baird also sees Wall Street's 2027 earnings forecasts as too optimistic.
(@WalterBloomberg)
$TSLA - BAIRD STICKS WITH BULLISH TESLA VIEW
Baird reaffirmed its Outperform rating and $522 price target on Tesla after stronger-than-expected Q2 deliveries.
Vehicle deliveries rose about 25% year over year, while energy deployments jumped 41%, returning to annual growth.
The broker said the results support its positive outlook ahead of Tesla's full Q2 earnings later this month.
(@WalterBloomberg)
Baird reaffirmed its Outperform rating and $522 price target on Tesla after stronger-than-expected Q2 deliveries.
Vehicle deliveries rose about 25% year over year, while energy deployments jumped 41%, returning to annual growth.
The broker said the results support its positive outlook ahead of Tesla's full Q2 earnings later this month.
(@WalterBloomberg)
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$TSLA - TESLA DELIVERY BEAT BOOSTS OUTLOOK
JPMorgan kept its Neutral rating and $475 price target after Tesla's stronger-than-expected Q2 deliveries.
The bank said robust vehicle sales, progress on Full Self-Driving, Cybercab production and Optimus development could support the stock in the near term.
Tesla delivered 480,100 vehicles, up 25% year over year and well above expectations.
(@WalterBloomberg)
JPMorgan kept its Neutral rating and $475 price target after Tesla's stronger-than-expected Q2 deliveries.
The bank said robust vehicle sales, progress on Full Self-Driving, Cybercab production and Optimus development could support the stock in the near term.
Tesla delivered 480,100 vehicles, up 25% year over year and well above expectations.
(@WalterBloomberg)
JPMORGAN: BUY THE CHIP STOCK DIP
JPMorgan says the recent pullback in semiconductor stocks is a buying opportunity, arguing the AI-driven chip cycle remains strong and meaningful new supply is unlikely before 2028.
The bank favors semiconductors over hyperscalers, expects global stocks to reach new highs in the second half of 2026, and sees market gains broadening beyond AI.
(@WalterBloomberg)
JPMorgan says the recent pullback in semiconductor stocks is a buying opportunity, arguing the AI-driven chip cycle remains strong and meaningful new supply is unlikely before 2028.
The bank favors semiconductors over hyperscalers, expects global stocks to reach new highs in the second half of 2026, and sees market gains broadening beyond AI.
(@WalterBloomberg)
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JPMORGAN: BUY THE CHIP STOCK DIP
JPMorgan says the recent pullback in semiconductor stocks is a buying opportunity, arguing the AI-driven chip cycle remains strong and meaningful new supply is unlikely before 2028.
The bank favors semiconductors over hyperscalers, expects global stocks to reach new highs in the second half of 2026, and sees market gains broadening beyond AI.
(@WalterBloomberg)
JPMorgan says the recent pullback in semiconductor stocks is a buying opportunity, arguing the AI-driven chip cycle remains strong and meaningful new supply is unlikely before 2028.
The bank favors semiconductors over hyperscalers, expects global stocks to reach new highs in the second half of 2026, and sees market gains broadening beyond AI.
(@WalterBloomberg)
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ACTIVE FUNDS OUTPERFORM IN JUNE
Bank of America said 53% of large-cap active funds beat their benchmarks in June, while 91% of small-cap and 71% of mid-cap funds also outperformed.
Growth funds led in the first half of 2026, helped by strong technology gains, while value funds lagged due to lower exposure to semiconductor stocks.
(@WalterBloomberg)
Bank of America said 53% of large-cap active funds beat their benchmarks in June, while 91% of small-cap and 71% of mid-cap funds also outperformed.
Growth funds led in the first half of 2026, helped by strong technology gains, while value funds lagged due to lower exposure to semiconductor stocks.
(@WalterBloomberg)
$SPCX - SPACEX SET FOR NASDAQ-100 BOOST
SpaceX will officially join the Nasdaq-100 tomorrow after a fast-tracked index inclusion.
Index funds tracking the benchmark, with about $800 billion in assets, are expected to buy shares, potentially boosting the stock in the short term.
Longer-term gains, however, will depend on the company's fundamentals.
(@WalterBloomberg)
SpaceX will officially join the Nasdaq-100 tomorrow after a fast-tracked index inclusion.
Index funds tracking the benchmark, with about $800 billion in assets, are expected to buy shares, potentially boosting the stock in the short term.
Longer-term gains, however, will depend on the company's fundamentals.
(@WalterBloomberg)
$AAPL - APPLE'S FOLDABLE IPHONE MAY SELL OUT FAST
Analyst Ming-Chi Kuo expects Apple's first foldable iPhone to see strong demand, with preorders potentially selling out quickly despite a $2,300–$2,500 price tag.
Limited production could delay the launch until late 2026, with initial shipments of 7–8 million units expected in the second half of the year.
(@WalterBloomberg)
Analyst Ming-Chi Kuo expects Apple's first foldable iPhone to see strong demand, with preorders potentially selling out quickly despite a $2,300–$2,500 price tag.
Limited production could delay the launch until late 2026, with initial shipments of 7–8 million units expected in the second half of the year.
(@WalterBloomberg)
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$AMD - GOLDMAN SACHS RAISES AMD PRICE TARGET TO $640 FROM $450, REITERATES BUY
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*CANADA PICKS GERMANY’S TKMS TO BUILD 12 NEW SUBMARINES: GLOBE
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$MSTR - *STRATEGY BTC HOLDINGS FALL BY 3,588 BTC: WEBSITE
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$HOOD - ROBINHOOD - LAUNCHES TRUMP ACCOUNTS ON JULY 6, 2026 - WEBSITE
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$MSTR - STRATEGY SELLS BITCOIN, HOLDS OFF ON SHARE MOVES
Strategy sold 3,588 Bitcoin for about $216 million between June 29 and July 5, reducing its holdings to 843,775 BTC.
The company sold no shares under its ATM program and made no share repurchases.
Bitcoin sale proceeds were used to fund preferred stock payments, while its cash reserve stood at $2.55 billion.
(@WalterBloomberg)
Strategy sold 3,588 Bitcoin for about $216 million between June 29 and July 5, reducing its holdings to 843,775 BTC.
The company sold no shares under its ATM program and made no share repurchases.
Bitcoin sale proceeds were used to fund preferred stock payments, while its cash reserve stood at $2.55 billion.
(@WalterBloomberg)
$MSTR -
*STRATEGY: USD RESERVE BALANCE $2.55B AS OF JULY 5
*STRATEGY SOLD $80.8 MILLIONS BTC DURING JUNE 29 TO JUNE 30
*STRATEGY 2Q INCLUDES $8.31B OF UNREALIZED LOSS
*STRATEGY SOLD 2,225 DURING JULY 1 TO JULY 5
*STRATEGY SOLD $135.2M BITCOIN JULY 1 TO JULY 5
*STRATEGY SOLD 1,363 BTC DURING JUNE 29 TO JUNE 30
*STRATEGY HAD $49.67B DIGITAL ASSET CARRYING VALUE AS OF JUNE 30
*STRATEGY HAD $8.32B LOSS ON DIGITAL ASSETS
(@WalterBloomberg)
*STRATEGY: USD RESERVE BALANCE $2.55B AS OF JULY 5
*STRATEGY SOLD $80.8 MILLIONS BTC DURING JUNE 29 TO JUNE 30
*STRATEGY 2Q INCLUDES $8.31B OF UNREALIZED LOSS
*STRATEGY SOLD 2,225 DURING JULY 1 TO JULY 5
*STRATEGY SOLD $135.2M BITCOIN JULY 1 TO JULY 5
*STRATEGY SOLD 1,363 BTC DURING JUNE 29 TO JUNE 30
*STRATEGY HAD $49.67B DIGITAL ASSET CARRYING VALUE AS OF JUNE 30
*STRATEGY HAD $8.32B LOSS ON DIGITAL ASSETS
(@WalterBloomberg)
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UAE CRUDE PRODUCTION JUMPS ABOVE 3.8 MILLION BARRELS PER DAY IN JUNE, SECOND-HIGHEST ON RECORD, TWO SOURCES FAMILIAR WITH DATA SAY
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$SPCX - SPACEX PRESIDENT TO DONATE SHARES TO TRUMP ACCOUNTS
SpaceX President Gwynne Shotwell said she and her husband will donate SpaceX shares to more than 2 million Trump Accounts for eligible children.
Details of how the stock donations will be handled remain unclear, as the accounts currently invest in an S&P 500 index fund.
(@WalterBloomberg)
SpaceX President Gwynne Shotwell said she and her husband will donate SpaceX shares to more than 2 million Trump Accounts for eligible children.
Details of how the stock donations will be handled remain unclear, as the accounts currently invest in an S&P 500 index fund.
(@WalterBloomberg)
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SAUDI ARABIA SLASHES OIL PRICE TO ASIA
Saudi Arabia cut the August price of its flagship Arab Light crude for Asia by $11 a barrel—the biggest reduction in at least 26 years.
The move reflects weaker oil markets, rising global supply and intensifying competition, as Gulf producers ramp up exports following the easing of disruptions in the Strait of Hormuz.
(@WalterBloomberg)
Saudi Arabia cut the August price of its flagship Arab Light crude for Asia by $11 a barrel—the biggest reduction in at least 26 years.
The move reflects weaker oil markets, rising global supply and intensifying competition, as Gulf producers ramp up exports following the easing of disruptions in the Strait of Hormuz.
(@WalterBloomberg)
CANACCORD GENUITY RAISES 2026 YEAR-END TARGET FOR S&P 500 INDEX TO 7,825 FROM 7,500
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CANACCORD GENUITY SETS 2027 YEAR-END TARGET FOR S&P 500 INDEX AT 8,325
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$MSTR - STRATEGY SHARES FALL 4.1% PREMARKET AFTER CO SAYS SOLD 3588 BITCOIN LAST WEEK, Q2 LOSS ON DIGITAL ASSETS STANDS AT $8.32 BLN
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