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July 23rd is packed with earnings, starting off with huge tech names Tesla (TSLA), Alphabet (GOOG, GOOGL), and Comcast (CMCSA). In addition, companies such as Visa (V), Coca-Cola (KO), GE Aerospace (GE), UPS (UPS), Spotify (SPOT), and General Motors (GM) will also report. Lastly, existing home sales data is due in the morning, with analysts forecasting a slight dip to 3.99 million. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by John Lesinski...
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The NBA’s media rights negotiations are heading into overtime. Just days after the league told team owners it had finalized new long-term deals valued at $76 billion with Disney ESPN, NBCUniversal and Amazon current rights holder Warner Bros. Discovery has exercised its matching rights in a last-ditch effort to keep games on its TNT cable network. Warner didn’t specify whose bid it proposes to match, but people familiar with the situation said the company wants to match Amazon Prime Video’s $1.9 billion per-season offer...
Continue ReadingWarner Bros.' TNT Network said it has matched a media rights bid to continue airing NBA games. But it is unclear if the league will allow it...
Continue ReadingThe S&P 500 gained almost 1.1% on Monday, July 22, as tech firms bounced back from last week’s losses and investors digested political developments and corporate earnings...
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Former President Donald Trump has recently secured an endorsement from Tesla (TSLA) CEO Elon Musk. Jefferies global head of sustainability and transition strategy Aniket Shah joins Market Domination to discuss the move and whether a Trump presidency would actually benefit the EV maker. At a recent rally, Trump talked about getting rid of EV mandates, which Shah says would be "quite bullish for the EV market." He believes that EVs have been "caught up in the culture wars of this country," and that Elon Musk's endorsement sends a message: "Elon Musk saying that, you know what? We actually don't need these tax credits anymore from the US government and President Trump saying that if people want to buy them, they should buy them. And that's that. I actually don't think that's a bad outcome for the decarbonization of the transportation industry." He notes that if Trump takes the White House, "there will be headline risk, but the reality is, is that there's a technological revolution that is happening right now in the transportation industry." He argues that Tesla kicked off the revolution, and now that there are more companies introducing more EVs to the market, "it's very clear what direction this is all going into." He adds that the advancements in electric vehicles, in solar, wind, and batteries shows that "technology trumps politics any day of the week." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl...
Continue ReadingSecond quarter results from the major automakers will be a highlight of this week's earnings lineup but is it time to buy stock in these auto giants as earnings approach?...
Continue ReadingEquities Close Higher Ahead of This Week's Major Earnings...
Continue ReadingBig Tech earnings are on the horizon, with Tesla (TSLA) and Alphabet (GOOG, GOOGL) kicking things off on July 23.So how should investors prepare? Matt Stucky, Chief Portfolio Manager at Northwestern Mutual Wealth Management, advises keeping track of the trends that have been driving Big Tech stocks. Stucky mentions the ongoing health of advertising, noting that Alphabet and Meta (META) have the opportunity to take advantage of the improving ad environment. Stucky continues by discussing how strong fundamentals are more relevant than valuations in the short run, considering the upcoming earnings and their influence over the market. He concedes, "It's not until you start to see revision trends rollover that’s where the valuation concerns really come into the investor mindset." When asked about where investors should look to invest their money within tech, Stucky notes that he is not advising clients to blindly dump money into mega-cap tech. Instead, he suggests keeping a long-term investment horizon while continuing to diversify their portfolio, using small-cap stocks as an example. Switching gears to CrowdStrike (CRWD) and cybersecurity as a whole, Stucky explains the prominence of security as a cemented trend year after year. He uses the recent crash as an example of the necessity of IT resilience and the potential for further spending in the IT sector. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by John Lesinski...
Continue ReadingThe battle for who will get to broadcast a portion of NBA games is getting more heated. Warner Bros. Discovery's (WBD) TNT says it has matched one offer to broadcast NBA games. It is widely reported that the offer the company matched was Amazon's (AMZN) $1.8 billion per year bid. A statement from Turner Sports reads in part, "The league notified us of its intention to accept other offers for the games in our current rights package, leaving us to proceed under the matching rights provision... We have reviewed the offers and matched one of them." Yahoo Finance senior reporter Alexandra Canal reports the breaking developments. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich...
Continue ReadingTesla CEO Elon Musk had the world buzzing with excitement over the announcement of his new Robotaxi, but delay after delay caused Tesla's stock price to plummet. Let’s make one thing very clear: the world is ready for the Robotaxi, and they need it now. Here's what happened. Don't Miss: America's construction sites are desperate for Robots — here’s how to invest in a house-printing startup who’s making them and be a part of a $16 trillion industry. Amid the ongoing EV revolution, previously over...
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