Win $500 + Meta & Microsoft: Beat Or Bust?
Plus, the memory meltdown, earnings winners and losers, and more
Happy Wednesday! The biggest week of the earnings season is here with Microsoft and Meta leading the way after the market close. Read on to see what Wall Street is expecting from these leaders and why this could be a make-or-break moment for the market.
The AI trade seemed unstoppable — until now. The brutal selloff has erased trillions from some of the biggest chip names, and it continues to spread throughout the sector. Read on to see if this Is this just a healthy reset, or a much bigger unwind.
Plus, if you’re looking for an investment opportunity at the center of AI, EVs and next-generation technology, check out today’s sponsor.
BENZINGA TRIVIA CHALLENGE
💰 Don’t Miss Your Shot To Win $500
The $500 prize is back this week, plus chances to win Benzinga PRO and EDGE subscriptions.
The leaderboard is heating up, but can the current leaders hold onto the top spots? They will if they know crypto. It’s Crypto Wednesday, which means its time to put your digital asset knowledge to the test in today’s 30-second challenge.
Missed yesterday’s quiz? Catch up here. To maximize your chances of winning, take the quiz every day and keep climbing towards the top of the leaderboard.
As a reminder, the new format only takes into account your highest quiz score, so all it takes is one great round to win some amazing prizes.
TOP STORY
Microsoft, Meta Report Today: Should You Buy Or Sell Before Earnings?
Two of the market’s biggest companies — Microsoft and Meta — report earnings today, and the results will have a massive impact on the tech sector and overall market.
Microsoft: The company has beaten analyst estimates for the past 13 quarters, but the stock price hasn’t shown it. Here’s a look at several key items Wall Street is watching that will have the biggest impact on the share price.
Meta: The company has topped Wall Street estimates for the past 15 quarters, but this time feels like a make-or-break moment with shares recently breaking the 50-day, 100-day and 200-day moving averages. Implied options forecasts a 7% move, but which direction will it be? Read on to find out.
SPONSORED CONTENT
Interested In The Semiconductor Industry? Check Out This ETF From Xtrackers
Driven by the boom in AI, data centers and electric vehicles, semiconductors have become a hot commodity—and so are the companies supplying them to the world.
The Xtrackers Semiconductor Select Equity (NASDAQ: CHPS) ETF seeks to offer investors access to the companies powering breakthroughs in AI and other disruptive technologies—and does so at an extremely low total expense ratio of 0.15%.
While roughly 64% of the fund is concentrated in the U.S., geographic exposure also includes Taiwan, Japan and the Netherlands.
CHPS is also more broadly diversified than many other semiconductor ETFs, and maintains lower volatility.
Overall, CHPS offers investors cost-effective access to the potential growth of semiconductors today and into the future. To learn more about CHPS, click here.
This is a paid ad. Please see 17b disclosure here for more information.
BENZINGA NEWSLETTER SPOTLIGHT
Join Benzinga’s Future Finance Newsletter — Stay Ahead Of The Curve
Join thousands of readers who turn to Future Finance, Benzinga’s free daily newsletter covering the intersection of fintech, crypto and the future of financial services.
Just as AI transformed investing, fintech and crypto are reshaping finance. Get the biggest developments across digital assets, financial technology and the companies building tomorrow’s financial system—all delivered in one quick, easy lunchtime read.
Stay informed, discover what’s next, and stay one step ahead.
Yesterday: U.S. indexes finished mixed Tuesday, with the Dow jumping more than 500 points as easing oil prices, strong earnings, and sector rotation lifted sentiment. Meanwhile, chip and memory stocks remained under pressure, with Semiconductor ETFs falling for the fourth straight session as Micron, Sandisk, and AMD plunged. This was an extension of South Korea’s selloff with its index (Kospi) falling more than 10%. The rotation out of chip stocks pushed health care and financials to record highs while the Technology Select Sector SPDR Fund fell to its lowest level since early May. Meanwhile, oil slipped below $80 per barrel as optimism grew that a ceasefire could be worked out in the middle east.
On Our Radar: Looking ahead, Wall Street will be paying attention to today’s FOMC interest-rate decision, as well as the press conference from recently appointed Federal Reserve Chair Kevin Warsh. On the earnings front, all eyes will be on Microsoft
(MSFT), and Meta (META) which will report after the market close today.
MARKET HEATMAP
Top Gainers: Lockheed Martin (LMT), United Rentals (URI), Danaher (DHR), Allegion (ALLE), Honeywell (HON), Micron (MU)
Top Laggards: Tesla (TSLA), Alphabet (GOOG), Amazon (AMZN), QuantumScape (QS), T-Mobile (TMUS), Strategy (MSTR), Shopify (SHOP)
Here’s a look at some of the biggest winners and losers from Thursday’s session.
See how the market is moving with our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.
FIVE ZINGERS
Whisper Index: Benzinga’s Stock Whisper Index is out with five new picks that investors are secretly monitoring. See this week’s top picks, including one that just started taking off.
Full Throttle: Ford hit the gas after earnings, but the real story wasn’t just what happened last quarter, it was what management revealed about the road ahead. See why investors and analysts are bullish about the road ahead.
Power Surge: Bloom Energy turned up the voltage with a blockbuster quarter that easily crushed Wall Street estimates and sent shares powering higher. But the real spark may be what management revealed about the road ahead. Read on for all the details.
Memory Meltdown: SK Hynix just posted its strongest quarter ever as AI memory demand continues to soar, yet shares still fell. Discover what’s behind the pullback and what it means for the AI trade.
Stock Of The Day: Shares of Autodesk continued to surge following a major Wall Street upgrade, but can the rally keep climbing as the stock approaches a key resistance level? See what Wall Street is watching, and where shares are likely headed next.
SPONSORED CONTENT
Learn How To Convert Probabilities To Prices Through Prediction Market Frameworks In This Cboe Webinar
Ever had a strong opinion on the price direction of the stock market? Prediction markets let you turn that opinion into a real, tradeable price. In this upcoming Cboe and Benzinga webinar, you will learn how to turn probabilities into prices, identify potential edge and better understand what markets are telling you.
Tune in Thursday, Aug 6 at 11 a.m. EDT as we introduce Yes/No and Plus contracts – two ways to express conviction, from all-or-nothing positions to directionally correct views across a range of outcomes. We will also connect these concepts to the broader S&P 500® Index ecosystem. If you’re looking to build a stronger foundation in how markets price expectations, this webinar is for you!
This is a paid ad. Please see 17b disclosure here for more information.
BEFORE YOU GO
Were you forwarded this email? Click here to subscribe.
And be sure to check out our other newsletters:
Future Finance: Where fintech, crypto and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.
Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.
Tech Trends: Get the inside scoop on AI, the hottest gadgets and mind-blowing tech trends. Subscribe here.
