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Fiduciary Management Q2 2024 Investment Strategy Outlook

GOOGL

Dow Jones Futures: Chips Try To Rise On Taiwan Semi After Nasdaq’s Worst Loss Since 2022

Taiwan Semi beat and guided up giving Nvidia and other chip stocks a little lift after the Nasdaq's worst day since 2022...

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GOOGL

Italy’s antitrust takes aim at Google over personal data usage

ROME (Reuters) -Italy's antitrust agency said on Thursday it had launched an investigation into online search giant Google and its parent company Alphabet over alleged unfair commercial practices involving users' personal data. The request for consent that Google sends to its users to connect its multiple services "could constitute misleading and aggressive commercial practice", the watchdog said. This "incomplete and misleading," information supplied to users fails to clarify the impact their consent may have on the use their personal data, the antitrust authority, which is in charge of overseeing consumer rights, added...

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E.U. regulators ask if Google, Samsung AI deal hinders rivals, Reuters says

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7 Long-Term Tech Stocks for Extending Investment Horizons

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Trump tells Bloomberg Businessweek he’s ‘for’ TikTok

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AI Firms and Bitcoin Miners Spark Partnerships

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United earnings, small-cap rally takes a breather: Market Domination Overtime

On today's episode of Market Domination Overtime, Hosts Julie Hyman and Josh Lipton break down the market close and some of the biggest stories to watch on Thursday, July 18. The Nasdaq Composite (^IXIC) sunk by 512 points — or 2.77% — in Wednesday's trading session. The S&P 500 (^GSPC) also closed 1.39% lower, while the Dow Jones Industrial Average (^DJI) saw a 0.60% bump higher to a new record high. Markets have taken a turn as the Russell 2000 (^RUT) makes gains while the S&P 500 (^GSPC) and Nasdaq Composite (^IXIC) lag from pressure facing the chip sector. Kestra Investment Management CIO Kara Murphy says, "If you look at over the last six months, 80% of the constituents of the S&P 500 have underperformed the index... Now all of a sudden, we get a couple of good inflation prints, a couple good labor prints. Looks like Fed can start to cut interest rates, and all of a sudden, the macro environment starts to change. And I think this is a hint of what is going to turn out to be a broader trend." She encourages investors to start rotating out some mega-cap names for some smaller-cap and mid-cap names, explaining that with mid-caps, "you have companies that are a little bit more established, a little bit more mature, a little bit more diversified, better balance sheets in general, but largely ignored by a lot of the market." United Airlines (UAL) posted mixed second quarter results. Adjusted earnings per share of $4.14 topped estimates of $3.93. Operating revenue of $15.0 billion was about in line with the estimated $15.04 billion, but passenger revenue of $13.68 billion was just shy of the expected $13.74 billion. The airliner disappointed with its third quarter outlook, projecting adjusted earnings of $2.75 to $3.25 per share, coming in below the anticipated $3.38. Third Bridge global sector lead for industrials, materials, and energy Peter McNally explains, "most of the market has gotten this heads up now that the airline industry is softening. There's just too much capacity right now and we're at a peak demand season. And it's weighing on the revenues outlook." He adds, "it gets more interesting for United longer term," as capital expenditures seem lower year-over-year and Boeing's (BA) deliveries slow. He notes that United's future plans depend on getting new planes from Boeing, and he's keeping a watchful eye on how those plans get pushed. Alphabet (GOOG, GOOGL) is currently in talks to by cybersecurity firm Wiz for a deal valued around $23 billion, according to Bloomberg. As the Justice Department and Federal Trade Commission have been recently pushing back on a number of Big Tech deals, Yahoo Finance legal reporter Alexis Keenan breaks down why a potential Alphabet-Wiz deal is unlikely to evade regulator scrutiny. Finally, Julie Hyman and Josh Lipton break down what to watch on Thursday, July 18, from the end of the Republican National Convention to major earnings including Taiwan Semiconductor Manufacturing Company (TSM) and Netflix (NFLX). This post was written by Melanie Riehl...

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Why an Alphabet-Wiz deal could face DC pushback

Alphabet (GOOG, GOOGL) is currently in talks to by cybersecurity firm Wiz for a deal valued around $23 billion, according to a report from Bloomberg. Recently, the Justice Department and Federal Trade Commission have been pushing back on a number of Big Tech deals. Yahoo Finance legal reporter Alexis Keenan joins Market Domination Overtime to explain why a potential Alphabet-Wiz deal is unlikely to evade regulator scrutiny. 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 Nicholas Jacobino...

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How Apple and Samsung are selling gen AI is wildly different

Apple and Samsung want you to buy new smartphones using their AI software. But how they'll get you to pony up is completely different...

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