(This is an actual research report from Tom Lee’s FS Insight by Fundstrat, reprinted for CNBC Pro subscribers with permission. CNBC readers get 15% off FS Insight by Fundstrat — Tom Lee’s premium market research — plus a 30-day free trial. Click here to claim your exclusive offer.) For the past 2 days, equities have risen at the open, only to see stocks fade through the day and close down. This is what Mark Newton, Head of Technical Strategy, calls a “bearish engulfing” pattern. That sounds ominous, but it really means that stocks are digesting gains. Month to date, S…
Author: usaeverydaylife
U.S. Senate Minority Leader Chuck Schumer (D-NY) ) holds a press conference following the weekly caucus lunch on Capitol Hill in Washington, D.C., U.S., July 29, 2025. Kent Nishimura | ReutersA group of Senate Democrats on Wednesday cited an obscure law to ask the Justice Department to hand over criminal investigative files related to sex offender Jeffrey Epstein to the Senate Homeland Security and Governmental Affairs Committee by Aug. 15.The request is the latest salvo in an effort by Democrats and some Republicans in Congress to press the Trump administration to release the so-called Epstein files after reneging on its…
As Robinhood investors await second-quarter earnings, expectations are sky-high.The online broker, known for popularizing stock and crypto trading with young investors, has seen its shares surge 177% this year, outpacing all other U.S. tech companies valued at $5 or more, excluding those that went public in 2025. The next best performer is Palantir, up 107%.Robinhood’s pop this year follows a 192% rally in 2024. The company’s market cap now sits at $91 billion, putting it slightly behind Coinbase, one of its top rivals in the market for buying crypto.Still, Robinhood was left out of the S&P 500 in the latest…
Customers enter a Starbucks coffee shop in New York, US, on Monday, July 28, 2025. Victor J. Blue | Bloomberg | Getty ImagesWall Street is seeing early signs that Starbucks’ turnaround is taking hold, despite a quarterly earnings miss and another quarter of shrinking same-store sales.”The focus for Starbucks’ third fiscal quarter was less on the results (which were below Street expectations) and more on proof points on the pace of the potential recovery ahead,” William Blair analyst Sharon Zackfia wrote in a note to clients Wednesday.The company reported weaker-than-expected earnings for its fiscal third quarter on Tuesday evening. Its…
Micron Technology (MU) is positioned for significant potential upside following its recent pullback after its latest earnings report. Coupled with Micron’s strategic focus on high-bandwidth memory (HBM) chips, it creates an ideal entry point with a favorable risk-to-reward profile to capitalize on the growth of GPU chips for AI processors. Trade timing The timing to initiate bullish exposure on MU is favorable, given the stock’s recent pullback toward strong technical support near $110. With its recent outperformance relative to the broader market, MU offers an attractive opportunity to capture substantial upside toward our $135 price target. Fundamentals MU trades at…
Meta CEO Mark Zuckerberg published a letter outlining his vision for “personal superintelligence” Wednesday, giving investors a glimpse into his artificial intelligence strategy ahead of Meta’s second-quarter earnings report.The company has shelled out billions of dollars hiring top AI researchers and engineers in recent weeks, and Wall Street will be listening for what Zuckerberg has to say about the spending spree.Zuckerberg did not outline specific products or applications that Meta plans to build in his letter, but he said he views superintelligence as a tool for “personal empowerment” over automation and efficiency.”This is distinct from others in the industry who…
Foxconn Hon Hai Technology Group signage during the Nvidia GPU Technology Conference (GTC) in San Jose, California, US, on Thursday, March 20, 2025. David Paul Morris | Bloomberg | Getty ImagesFoxconn on Wednesday said it is taking a stake in TECO Electric & Machinery Co., as it looks to supercharge its efforts to become a key player in building artificial intelligence data centers.The Taiwanese firm, formally known as Hon Hai, is looking to replicate the success it has had in consumer electronics in the world of AI. It’s a play that could unlock Foxconn’s access to a potential $1 trillion…
Microsoft is slated to release fiscal fourth-quarter results after the stock market’s closing bell Wednesday, and most analysts are expecting another stellar quarter from the tech old guard. An LSEG survey shows that analysts, on average, anticipate that the “Magnificent Seven” member will earn $3.37 per share on $73.807 billion revenue. Those results would correspond to earnings growth of 14.2% year over year, as well as a 14% jump in revenue when compared with the prior-year period. The anticipated gains come after Microsoft posted a major earnings and revenue beat for its fiscal third quarter, helped by outperformance at its…
U.S. President Donald Trump listens as Indian Prime Minister Narendra Modi speaks during a joint press conference in the East Room at the White House on February 13, 2025 in Washington, DC.Alex Wong | Getty Images News | Getty ImagesPresident Donald Trump said Wednesday that India will pay a tariff of 25% beginning Aug. 1, in addition to a “penalty” for what he views as unfair trade policies and for India’s purchase of military equipment and energy from Russia.The 25% tariff rate is modestly lower than what he imposed on India on “Liberation Day,” when he announced a 26% rate…
Omar Marques | Lightrocket | Getty ImagesIt’s been a decade since Ethereum’s inception, and although its native ether token has largely struggled for the last half of it, its future looks brighter than ever.Ether has become more attractive to institutions in recent weeks largely due to legislation around stablecoins – most of which are issued on Ethereum – being signed into the first-ever U.S. crypto law. There’s also the successful June IPO of Circle, the issuer of the second-largest stablecoin, new leadership at the Ethereum foundation, and, most recently, a boom in ether treasury firms and corporate entrants.Until very recently,…
