Update: National Bank Notes Osisko Gold Royalties Preliminary Q2 Sales Below Estimates
Magnificent Seven stocks dumped more than $1.2 trillion in market value in a week. And you can mostly blame one S&P 500 stock.
For CrowdStrike, the timing could hardly be worse. CrowdStrike Chief Executive George Kurtz said the issue has been “identified, isolated and a fix has been deployed” and added that it was not caused by a “security incident” or cyberattack. CrowdStrike is one of the most favored stocks in cybersecurity, with buy ratings from 88% of analysts compared to 69% for Palo Alto Networks—the largest pure-play cyber company by annual revenue.
Mark Spitznagel told The Wall Street Journal the government's $34 trillion debt would make the stock-market bubble's impact more extreme.
Serve Robotics was founded in 2017 and develops and operates self-driving delivery vehicles focused on last-mile deliveries.
Universa’s Mark Spitznagel, who has made billions from past crashes, sees a last hurrah for stocks before a severe reckoning.
Although Buffett oversees a 44-stock, $416 billion portfolio at Berkshire Hathaway, three-quarters of invested assets have been put to work in five brand-name, time-tested businesses.
Taxing unrealized capital gains could negatively hurt markets, explains one of former President Donald Trump's economic advisers Stephen Moore.
"We reiterate our Buy rating on NVDA as the meeting reinforced our belief in the sustainability of the ongoing Gen AI spending cycle," Goldman said.
One sector has been a major market laggard recently, but it could be set to turn around.
In the week ahead, investors will have a close eye on mega-cap tech earnings from Tesla and Alphabet, the June Core PCE index, and the Q2 GDP print.
