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THE DAILY PULSE


Nio Rides Goldman Upgrade as Profitability Push Gains Traction
Nio shares have extended gains since Goldman Sachs upgraded the Chinese EV maker to Buy from Hold with a $7 price target, citing improving margins and volume growth. The stock rose 3.7% on the upgrade and has held most of that ground as analysts firm up second-quarter estimates. The operational picture has improved markedly. Nio delivered 40,597 vehicles in June, up 63% from a year earlier and its best monthly tally of 2026, though second-quarter deliveries of 107,658 came in
1 day ago1 min read


Telecom Earnings Week: AT&T Reports Wednesday, Verizon Friday
A pivotal week begins for the portfolio's telecom holdings. AT&T reports second-quarter results Wednesday, July 22, with Wall Street looking for roughly $32 billion in revenue and $0.59 in earnings per share. The stock, recently near $22, remains weighed down by a Wells Fargo Underweight rating framed around competition risk from Starlink's direct-to-device satellite service. Verizon follows on Friday, July 24. Consensus calls for about $35.5 billion in revenue, up roughly 5%
1 day ago1 min read


Virgin Galactic Files Shelf Registration With Shares 70% Off Highs
Virgin Galactic filed a Form S-3ASR shelf registration with the SEC on July 17, a filing that gives the company flexibility to raise capital and often precedes new share issuance. The move lands with the stock near $2.63, down roughly 70% from its 52-week high of $8.90 set in June. The company continues to target the fourth quarter of 2026 for the start of commercial flights on its new Delta-class spaceships, contingent on the current test campaign. The Delta program is centr
1 day ago1 min read


UPS Caps Driver Buyouts at 7,500 in Teamsters Deal as Turnaround Grinds On
UPS has struck a deal with the Teamsters capping its driver severance buyouts at 7,500 drivers at up to $150,000 each, easing a dispute that had drawn a union lawsuit over the company's Driver Choice Program. The program was oversubscribed in its first quarter, generating about $150 million in transitional costs that management says will fade through the year. The buyouts are part of a sweeping restructuring in which UPS is eliminating up to 30,000 operational jobs and closin
1 day ago1 min read


Futures Rise as Iran Diplomacy Hopes Offset $4 Gasoline
U.S. stock futures pointed higher Monday morning, with S&P 500 futures up about 0.3% and Nasdaq 100 futures up 0.6%, as investors weighed the latest military exchanges between the U.S. and Iran against fresh hopes for a diplomatic settlement. Sentiment improved after an Iranian Foreign Ministry spokesman signaled openness to negotiations, even as the U.S. completed a ninth consecutive day of strikes overnight. The conflict is still being felt at the pump: average U.S. gasolin
1 day ago1 min read


Coca-Cola Nears All-Time Highs Into July 28 Earnings; fairlife Hit by Ransomware
Coca-Cola reports second-quarter results on July 28 before the open, with analysts expecting earnings of $0.92 per share, up 5.8% from a year ago, on revenue of about $13.05 billion. The company has beaten bottom-line estimates in each of the last four quarters and trades near its 52-week high after an 18.7% gain over the past year. Wall Street is leaning bullish into the print: 19 of 25 covering analysts rate the stock Strong Buy, and recent weeks brought a wave of target hi
2 days ago1 min read


Kroger's $1.65 Billion Giant Eagle Deal Draws Regulatory Scrutiny
Kroger has agreed to acquire Giant Eagle, the family-owned food and pharmacy retailer with roughly $9 billion in annual sales, in a deal valued at $1.65 billion — $1.25 billion in cash plus the assumption of about $400 million in liabilities. The acquisition adds 197 supermarkets and 11 standalone pharmacies across northern Ohio, western Pennsylvania, West Virginia, Maryland and Indiana. The proposed tie-up is already facing regulatory scrutiny, an echo of the antitrust fight
2 days ago1 min read


Bank of America Jumps as Q2 Profit Surges 27% on Record Equities Trading
Bank of America shares climbed after the lender posted second-quarter earnings of $1.21 per share, beating consensus estimates of roughly $1.12. Profit surged 27% to $9.1 billion as revenue rose 15% year over year to $31.6 billion, ahead of the $30.67 billion analysts expected. Equities trading was the standout, with revenue up 70% to $3.6 billion on robust client activity in derivatives and cash products. Net interest income climbed 9% to $16.2 billion, deposits grew for a t
2 days ago1 min read


Riot Platforms Drops With Bitcoin Miners as Crypto Slides Toward $64K
Riot Platforms fell about 7% as bitcoin miners sold off across the board, with bitcoin trading near $64,460 and pressure mounting on crypto-linked and high-beta data center names. Peers fell in sympathy: MARA lost roughly 6.8%, CleanSpark 6.3% and IREN 8.8%, pointing to a sector-wide move rather than a company-specific setback. The slide comes as Riot rebalances its business between bitcoin mining and AI-focused data centers. The company recently filed a $416.4 million shelf
2 days ago1 min read


Walmart COO Shakeup Puts Premium Valuation Under the Microscope
Walmart's U.S. chief operating officer Kieran Shanahan has stepped down, with international COO Kyle Kinnard — a 25-year company veteran who formerly ran the U.S. health and wellness division — set to succeed him. Shares traded between roughly $113.60 and $118.09 this week, outperforming the S&P 500. The transition lands as investors debate Walmart's premium multiple of about 40 times trailing earnings. Bulls point to the higher-margin growth engines: global advertising climb
2 days ago1 min read


Snap Falls as Wall Street Cuts Targets to $5 and Arkansas Files Suit
Snap shares dropped about 3.5% on Friday as concerns mounted over slowing ad demand and user growth. Wells Fargo and UBS both cut their price targets to $5, citing softer advertising trends, geopolitical pressure, and decelerating momentum in the Snapchat+ subscription business. Analyst sentiment has clustered around a cautious consensus, with Goldman Sachs and DA Davidson also holding neutral views and price targets in the $5-$6 range, leaving limited expected upside from cu
3 days ago1 min read


Robinhood Slides 5.7% as Nasdaq Selloff and Crypto Dip Hit Retail Brokers
Robinhood Markets fell 5.7% on Friday, closing near $100 as a broad Nasdaq selloff and a pullback in cryptocurrency prices weighed on retail-brokerage stocks. Rival Webull dropped roughly 6% in sympathy, with investors trimming exposure to names tied to trading activity and token prices. The decline reflects familiar pressure points: crypto volatility has dented transaction-based revenue, with first-quarter crypto trading revenue down 47% year over year to $134 million, while
3 days ago1 min read


Oil Jumps to $88 as Gulf Fighting Escalates and Tankers Come Under Fire
Brent crude surged about 4.6% on Friday to close at $88.10 per barrel, with WTI topping $79, after fighting in the Persian Gulf escalated sharply. Kuwait said Iran attacked a power and water desalination plant, and a tanker was struck by a projectile off the coast of Oman as Iran continued targeting civilian shipping near the Strait of Hormuz. U.S. Central Command said it completed a sixth consecutive night of strikes against Iranian military targets, including logistics infr
3 days ago1 min read


JPMorgan Trims Tyson Foods Target as Beef Pricing Scrutiny Lingers
JPMorgan lowered its price target on Tyson Foods to $65 from $71 on Friday, as the protein giant navigates competitive pressures and ongoing legal scrutiny. Shares traded near $57.83. Tyson reported $13.7 billion in quarterly sales but continues to face class-action lawsuits over beef pricing practices, an overhang that has kept some investors cautious despite the company's scale advantages across chicken, beef, and pork. For income-oriented holders, the stock's valuation res
3 days ago1 min read


Silver Snaps Back Above $60 as Bullion Finds Footing; Miners in Focus
Silver rebounded 2.8% to about $59.95 an ounce on Friday, reclaiming the $60 level a day after its first break below that mark this year, while gold rose 1% to roughly $4,017 per troy ounce. The recovery came as the 10-year Treasury yield eased to 4.53% and the dollar index slipped below 101, lifting demand for dollar-priced bullion. Strategists characterized the recent pullback — gold remains down 28% from its January peak — as a healthy correction within a longer bull marke
3 days ago1 min read


American Airlines Downgraded as Capacity Risks Cloud July 23 Earnings
Melius Research downgraded American Airlines from Buy to Hold even while raising its price target to $19, citing strong demand and decent cost control but warning that elevated capacity growth combined with volatile fuel prices threatens ticket pricing power and already thin margins. The stock has faded from the $18.50–$18.80 range in late June to a recent close near $15.67, a pullback of roughly 16% that reflects growing caution across the airline group as fuel costs bite in
4 days ago1 min read


Fubo Rallies as Former Disney+ Chief Alisa Bowen Takes the Helm
FuboTV shares climbed nearly 10% to around $10 after the live-TV streaming provider announced a leadership change. Alisa Bowen took over as CEO on July 10, replacing co-founder David Gandler, who led the company through its 11-year expansion from startup to public sports-streaming platform. Bowen arrives with a decade of leadership experience at Walt Disney, most recently as president of the Disney+ streaming service — a background investors read as a signal that Fubo intends
4 days ago1 min read


Silver Slides Below $60 for First Time in 2026, Pressuring Hecla and Pan American
Spot silver dropped below $60 an ounce for the first time this year, touching six-month lows in a slide of more than 9% driven by a hawkish Federal Reserve outlook and a strengthening U.S. dollar. The metal had traded as high as $61.63 earlier in July before the selloff accelerated. The move weighed on silver miners. Hecla Mining, the largest silver producer in the U.S. and Canada, has also been contending with production issues at its Keno Hill operation in the Yukon, where
4 days ago1 min read


Nasdaq Falls 1.6% as AI Spending Doubts Hit Chips; Netflix Slumps After Hours
A selloff in chipmakers dragged Wall Street lower Thursday as investors questioned whether massive artificial-intelligence investments can justify lofty valuations. The Nasdaq 100 dropped 1.6%, and futures pointed to further weakness Friday, with Asian markets set to open lower. The pressure extended after the close, where Netflix fell more than 8% in extended trading after forecasting a second straight quarter of slowing sales growth. The tech weakness adds to a rotation und
4 days ago1 min read


DraftKings Climbs as Regulators Clear Real-Time Betting Trading Model
DraftKings shares moved higher after regulators cleared the way for the company to bring Wall Street-style trading mechanics to sports betting. The approach moves beyond fixed odds, letting users adjust positions continuously in real time as games unfold — a structural shift toward exchange-like markets. Traders are also watching the company's DKeX prediction-markets push, which extends the platform beyond traditional sportsbook offerings. The company is meanwhile expanding i
4 days ago1 min read
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