Bull of the Day: ASML Holding (ASML)

Category: Finance

Bull of the Day

Keywords: Bull of the Day, Stocks, Investing

Source: Zacks Investment Research

Update At: 7/17/2024

Related Sources

Bumbling Biden, softening inflation raising rate cut hopes, tech takes a tumble | Wall Street Week, 12 Jul 2024 10:08 | Shares Magazine

Intensified talk about President Biden's bid to stand against Trump in November's White House race. Wall Street reacts to softer-than-expected inflation data. PepsiCo's shares drop despite forecast-beating earnings. Corning raises sales growth guidance. Delta Air Lines' stock falls after third quarter earnings forecast.

Shares Magazine

Big bank earnings, Biden pushes back on calls to drop out: Yahoo Finance

Wall Street focuses on banking sector earnings and inflation data, anticipating a potential interest rate cut by the Federal Reserve. President Biden's status in the 2024 presidential race is highlighted. Yahoo Finance trending tickers include Tesla, QuantumScape, and Joby Aviation.

Yahoo Finance

Biden on ABC, bank earnings, inflation data: What to Watch

The article highlights the top headlines investors should pay attention to in the first trading week of July 2024, including President Biden's upcoming interview, June's Consumer Price Index (CPI) and Producer Price Index (PPI) prints, and fresh earnings reports from major banks.

Yahoo Finance

Citi profit beats on surge in investment banking, services strength

Citigroup exceeded Wall Street expectations for second-quarter profit, driven by a 60% increase in investment banking revenue and gains in its services division. The company's CEO, Jane Fraser, highlighted progress in executing the strategy and the benefits of the diversified business model. Despite facing regulatory fines and challenges, Citi is undergoing a significant overhaul to enhance performance and streamline operations.

Yahoo Finance

Wholesale prices rose 0.2% in June, slightly hotter than expected

The producer price index rose more than expected in June, indicating a potential delay in interest rate cuts by the Federal Reserve. The PPI is a gauge of prices that producers can get for their goods and services in the open market. The hotter-than-expected PPI reading contrasts recent data showing declining inflation.

CNBC

Why the US dollar climb after PPI was quickly erased | Forexlive

The US producer price index rose 2.6% y/y in the largest annual rise since March 2023, initially lifting the US dollar. However, the gains were driven by services while the index for final demand goods decreased 0.5%. The BLS reported on various aspects including Fed cut pricing and stock futures.

Forexlive

Unexpected bad news for inflation: Wholesale prices rose in June | CNN Business

Wholesale price inflation unexpectedly accelerated in June to its highest rate since March 2023, potentially impacting the US economy. Despite recent declines in consumer prices, the Producer Price Index rose, indicating potential future inflation trends.

CNN

Netflix Bulls Bet On ‘Bridgerton’ Keeping Subscriber Gains Going

Netflix Inc. analysts are increasing their price targets in anticipation of strong subscriber growth driven by popular shows like Bridgerton.

Bloomberg

BlackRock pulls 2022 ad showing Trump gunman - Crypto Briefing

BlackRock condemns the attack on former President Trump by a 20-year-old at a Pennsylvania rally, who briefly appeared in one of their ads. The company removed the ad, expressed gratitude that Trump was not seriously injured, and extended condolences to the victims. BlackRock, a major asset manager, has made significant advancements in the crypto and blockchain markets, including launching the iShares Bitcoin Trust and integrating with Coinbase's crypto exchange.

Crypto Briefing

BlackRock (BLK) Reports Q2 Revenue of $4.78B, EPS $9.96

BlackRock, the world's largest asset manager, reported a rise in assets under management to $10.6 trillion in the second quarter, with earnings per share increasing to $9.99. The company is the largest public holder of bitcoin through its iShares Bitcoin Trust. BlackRock shares rose 1.2% to $838 in pre-market trading.

Coindesk