Featured Author, Invest 101

Fed rate-cut fervor is gripping Wall Street again. Aug 9

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Stock Market News

Eli Lilly blows past estimates, hikes guidance as Zepbound, Mounjaro sales soar – CNBC
Palantir to deploy AI products on Microsoft Azure for U.S. government agencies – Reuters
Bumble dives as revenue forecast cut triggers worries over turnaround – Reuters
Monster Beverage misses quarterly sales estimates as economic fears slow demand – Reuters
Weekly jobless claims fall to 233,000, less than expected, in a positive sign for labor market – CNBC
Expedia beats second-quarter profit estimates on sustained international travel demand – Reuters
E.l.f Beauty sales jump 50% on gains in color cosmetics and skincare, launch of Bronzing Drops serum – CNBC
Burger King sales slump as customers pull back on fast food spending amid inflation – New York Post

 

Trends to Watch

Travel Slowdown: Expedia warns of lower travel demand but stock rises 7% after Q2 earnings (GeekWire)
So Much Winning: A Trump-Themed Token Soars, Then Dives 95% After His Son Dashes Hope the Former President Backed It (CoinDesk)

To Cut or Not to Cut: Fed rate-cut fervor is gripping Wall Street again. That could set up markets for another trap. (MarketWatch)

Pharma Win: Eli Lilly Surges On Strong Earnings As Mounjaro And Zepbound Sales Soar (Forbes)
Bull Time: Bitcoin reclaims $62K, forming a ‘massive bull hammer’ on price chart (Cointelegraph)