After last week's declines, triggered by a weaker-than-expected jobs report and a June inflation uptick, Wall Street rebounded with strong gains as earnings <a href="https://www.benzinga.com/earnings">momentum remained robust.</a>



<ul class="wp-block-list">
<li>QQQ ETF is breaking past resistance. <a href="https://www.benzinga.com/quote/QQQ">Check live chart here. </a></li>
</ul>



Palantir Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NASDAQ">PLTR</a>) delivered better-than-expected Q2 results, sparking a 20% weekly rally – the best performance in the S&amp;P 500 – that pushed its market<a href="https://www.benzinga.com/trading-ideas/movers/25/08/46909708/palantir-stock-just-hit-all-time-highs-whats-behind-the-momentum"> capitalization above $500 billion.</a>



Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) announced an additional $100 billion in U.S. manufacturing investments, on top of the $500 billion pledged earlier this year. The move secured <a href="https://www.benzinga.com/markets/large-cap/25/08/46971119/apple-us-investment-tariff-exemption-stock-rally">an exemption from Trump's tariffs </a>and is expected to boost iPhone sales. Apple shares surged over 12% for the week, marking their strongest performance since 2020.



While tech stocks soared, pharmaceuticals struggled. Despite strong quarterly earnings, Eli Lilly &amp; Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NASDAQ">LLY</a>) plunged 14% on Thursday — its worst single-day drop since August 2000 — after trial data for its weight-loss pill orforglipron <a href="https://www.benzinga.com/markets/earnings/25/08/46960692/eli-lillys-closely-watched-obesity-pill-orforglipron-shows-around-12-weight-loss-but-trails-novo-nordisk">fell short of expectations.</a>



On the tariff front, President Donald Trump doubled duties on Indian imports to 50%, targeting New Delhi's purchase and resale of Russian crude.



He also confirmed a 39% tariff on Swiss imports and imposed new duties on one-kilogram gold bars, a move that could pressure Swiss gold refineries and disrupt the gold futures market.



Trump nominated Stephen Miran, current chair of the Council of Economic Advisers, to fill the Federal Reserve Board seat vacated by Adriana Kugler. Miran, whose term runs until January 2026, has argued that tariffs won't fuel inflation, a stance aligned with Trump's push <a href="https://www.benzinga.com/markets/equities/25/08/46980852/trump-nominates-stephen-miran-fed-board-2026">for lower interest rates. </a>



Markets see him as a likely ally to the president in future monetary policy decisions.



Trump's economic team is also reportedly considering current Fed Governor Christopher Waller as Jerome Powell's successor when Powell's<a href="https://www.benzinga.com/news/politics/25/08/46966504/christopher-waller-trump-jerome-powell-fed-chair"> term ends next year. </a>



Waller notably dissented in July's Fed meeting, voting for a rate cut while Powell and most policymakers favored holding rates steady.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/macro-notification/25/08/46996425/the-dollar-faces-a-wile-e-coyote-moment-as-stagflation-looms-over-us-economy-warns-economist">The Dollar Faces A &#8216;Wile E. Coyote Moment&#8217; As Stagflation Looms Over US Economy, Warns Economist </a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Markets

AAPL

PLTR

Apple Notches Best Week In Years, Trump Shakes Fed Leadership: This Week In Markets

Mortgage giants Fannie Mae (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FNMA#OTC">FNMA</a>) and Freddie Mac (OTC:<a class="ticker" href="https://www.benzinga.com/stock/FMCC#OTC">FMCC</a>) may be on the path out of government conservatorship, as a new report builds on earlier signals from President Donald Trump about plans to return the <a href="https://www.benzinga.com/news/financing/25/05/45557031/trump-considers-taking-fannie-mae-freddie-mac-public-calls-mortgage-giants-very-profitable-says-timing-seems-right">firms to public ownership.</a>



What Happened: Fannie Mae and Freddie Mac have been under government conservatorship since the 2008 financial crisis, and their true value has remained a subject of debate among policymakers and investors like Bill Ackman <a href="https://www.benzinga.com/markets/hedge-funds/25/06/45830443/bill-ackman-says-us-sitting-on-a-300-billion-gold-mine-with-freddie-mac-and-fannie-mae-but-the-governments-not-going-to-give-it-up">in the years since.</a>



A new Wall Street Journal <a href="https://www.wsj.com/finance/regulation/trump-aiming-to-ipo-fannie-mae-and-freddie-mac-later-this-year-13b138cf">report </a>says the Trump administration is preparing to sell a portion of the stakes held in the two mortgage giants.



The report stated that the government could sell 5% to 15% of its stock in the companies and raise approximately $30 billion. The two companies are valued at around $500 billion in the latest report.



The two companies bundle and sell mortgages and, under government ownership, rely on government-backed guarantees for loans to protect investors from losses.



While many believe that Fannie Mae and Freddie Mac conducting a share offering would end the government conservatorship, Federal Housing Finance Agency head Bill Pulte has in the past suggested the two companies could remain under government control while public, without providing details of this plan.



Another unknown detail is whether the companies will be treated as a single entity in the share offering or as two separate companies.



Meetings have been conducted about the future of Fannie and Freddie, with the CEOs of six of the largest US banks present, along with Trump, Pulte, Commerce Secretary Howard Lutnick, and Treasury Secretary Scott Bessent.



The six US banks represented were Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.



There is no guarantee that a share offering will happen, as hopes to take the company public come with question marks on whether the mortgage companies would keep the government-backed guarantees. Trump previously said that he wants the companies to maintain the guarantee through a public offering.



Without the government guarantee, there is a risk that mortgage rates could rise.



The Treasury Department currently owns senior preferred shares in both companies and warrants to purchase around 80% of the common stock in each company.



Read Also: <a href="https://www.benzinga.com/news/financing/25/08/46782440/fannie-freddie-set-stage-for-mortgage-credit-overhaul-with-vantagescore-4-0-but-lenders-urge-caution">Fannie, Freddie Set Stage For Mortgage Credit Overhaul With VantageScore 4.0, But Lenders Urge Caution</a>



Why It's Important: Trump expressed interest in taking the mortgage companies public earlier this year.



Supporters of the plan believe this could be one of the largest stock offerings in history.



Proceeds from the share offering could be used to reduce America's debt, returned to taxpayers, or used to buy Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) for the Strategic Bitcoin Reserve, depending on who you ask.



Hedge funder Ackman said earlier this year that the government's stake in Fannie and Freddie was likely worth $300 billion. Ackman said the government was not willing to give up its ownership and control.



Ackman was short both Fannie and Freddie during the 2008 financial crisis before years later becoming a strong supporter of the companies. The investor has argued that the two companies are well-capitalized and far safer than they were before the financial crisis.



Price Action: Fannie Mae shares are up 18.1% to $9.80 on Friday versus a 52-week trading range of $1.07 to $11.91. Freddie Mac shares are up 21.1% to $7.99 on Friday versus a 52-week trading range of $1.04 to $8.90.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/economic-data/25/07/46573123/bill-ackman-supports-capital-reform-that-could-bring-fannie-and-freddie-back-to-nyse">Bill Ackman Supports Capital Reform That Could Bring Fannie And Freddie Back To NYSE</a></li>
</ul>



Photo: Shutterstock

Politics

$BTC

FMCC

FNMA

Trump Mulls Fannie, Freddie Share Sale—Backed By Bill Ackman

It's been a raucous rally ever since the Trump tariffs were canceled a week after the inaptly-named Liberation Day press conference. But now, with Q2 earnings rolling out, we're seeing some stocks get left behind after poor numbers or guidance projections.



Even decent numbers are getting punished. Take Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) as an example, whose stock sank over 6% the day after it beat top and bottom line projections. If you're a company with high expectations, you can't just narrowly surpass expectations &#8211; you need to crush them.



But things look very different for stocks with low expectations. Not every company has participated in the Q2 rally, and some stocks are reaching key technical levels that indicate a potential rebound.



<h2 class="wp-block-heading">Sunday: Chris Capre's Plan To Trade August's CPI And PPI Shockwaves</h2>



CPI and PPI reports drop next week—and they could send shockwaves through tech, rates, and volatility names. This Sunday at 1 PM ET, former hedge fund trader Chris Capre goes live to show how he's trading short-term setups designed to move fast. These are the same 1–5 day strategies he's taught to over 34,000 traders. If you want to get ahead of next week's inflation spike, start here. CTA: Reserve Your Free Spot <a href="https://events2.benzinga.com/chris-capre-webinar-sun-aug10-2025-registration/?utm_campaign=webinar081025&amp;utm_adType=sponsorad&amp;utm_ad=RD080925">HERE</a>



One of the most trusted technical indicators is the Relative Strength Index (RSI), a momentum oscillator that helps find reversals and continuation patterns. The standard timeframe is 14 days, and the RSI uses closing prices over that period to measure the strength of the current trend. If the RSI breaks above 70, it triggers an Overbought signal, which indicates a potential reversal in upward momentum. On the downside, a reading under 30 triggers an Oversold signal, hinting at a reversal to the upside. Today, we'll look at five stocks hitting this Oversold threshold that could be on the verge of reversing a downtrend.



<h2 class="wp-block-heading">Lyft Inc.</h2>



Lyft (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LYFT#NASDAQ">LYFT</a>) triggered an Oversold reading before posting earnings on August 6, and appears likely to trigger it again despite a mostly upbeat report. The company reported EPS of $0.10, beating the consensus expectation of $0.04. Over 234.8 million rides were booked in Q2, which is the highest figure on record for Lyft. But, it also represented 14% year-over-year (YOY) growth, marking the slowest quarter of gross bookings growth in the last two years.



However, revenue is still hitting records, and slowing growth can be expected when you're eclipsing 234 million rides in a quarter. Lyft is also reaping benefits from strategic partnerships with DoorDash, Chase, United Airlines, Mastercard, and Hilton &#8211; over 25% of gross bookings now come from partners.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXf0l8uidn_AhXWLQM7Tkfnd-A2zk81SvmTHz3e-ilOp2Jgi540sl3iS-IoVyVtOWyYFX6lFJBaYxfalxaAK1m8qMTKbZmVqnaMekSogas709OIut_Rlit2rSsJ5XA1z6Ovwd66fOQ?key=VV_jQb9vOGQQsdnrstZ4Pg" alt=""/></figure>



The RSI triggered an Oversold reading in the first week of August, but it also hit this level back in the summer of 2025. In that instance, shares nearly doubled in just a few months until the RSI found itself at the other end of the spectrum, over 70. If Lyft can continue expanding bookings and revenue, the stock could repeat its 2025 performance.



<h2 class="wp-block-heading">International Business Machines Corp.</h2>



IBM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IBM#NYSE">IBM</a>) hasn't exactly been left behind during the latest rally, but its stock has pulled back a bit in the last few weeks following a record rally. The stock reached a new all-time high of $294.78 on June 30 but has since dropped 15% despite a glowing Q2 earnings report on July 23. IBM beat top and bottom line estimates with YOY revenue growth of 8%, and boosted full-year guidance to $66.83 billion.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcORrrqMm9FUQ3XRaTNZiu4RY6JnYDvQl_jHBDsiIXBkQ0BQjFF49tEJLhBNi7nAzMvikC-GsrPeh67sCOWXvCKWHrWIz95rxSEtRDV3Qf-W2FtTYXIxkWqYkijmLqcxMgg4vXD?key=VV_jQb9vOGQQsdnrstZ4Pg" alt=""/></figure>



Like Lyft, IBM sold off following the report, but this is likely profit-taking after the stock had gained over 40% in the last 12 months. The RSI is flashing an Oversold signal with the stock sitting firm at the 200-day moving average, which has previously been a level of strong support. Once the profit taking subsides, IBM's long-term trend remains firmly intact, and buyers will likely have a good entry point for new positions.



<h2 class="wp-block-heading">Dana Inc.&nbsp;</h2>



Dana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAN#NYSE">DAN</a>) is an original equipment manufacturer (OEM) for vehicles and machines, providing propulsion equipment and energy solutions for trucks, SUVs, vans, and passenger cars. Like many equipment manufacturers, Dana was hit hard by the Trump tariff announcements in April, but has since recovered most of those losses. The company just released earnings earlier this week, and expectations were largely met.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdHVy6XjS9RCt4IwlEdv7CbKz6MiA3ZlPEwgYLM4sj9MQe8QkycoJXhaJMJx5JmW8cxx9trkD6wwMw62-E5oYKUF3bKL08BkVAgLVRdQizpX6AE5ZkDaNaXtssRW13nsa16arxjUQ?key=VV_jQb9vOGQQsdnrstZ4Pg" alt=""/></figure>



The RSI has been a catalyst for this in previous rallies, as the stock posted significant gains following Oversold signals in November and April. The stock is once again in Oversold territory, so look out for another rally if Q2 earnings deliver.



<h2 class="wp-block-heading">OppFi Inc.</h2>



OppFi (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OPFI#NYSE">OPFI</a>) is a small fintech company with a market capitalization under $1 billion and annual sales of only $525 million. But, we aren't looking for massive companies producing record revenue; we're looking for oversold stocks ready to reverse, and OPFI shares are offering plenty of evidence that the next move is to the upside.



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd71e-suZ433l2Nttc9jELRKfXdbS_jkvZ2_HjMDqCBLSOs264NSFjXSpYtssyTTrCmVgFof1dJU8VqBBU_WnSEWwEujCR0fqZyJ5lrNEV3ttubQf14sla82uaja5VZbBB8LJ-W?key=VV_jQb9vOGQQsdnrstZ4Pg" alt=""/></figure>



The company gained 13% following its August 6 earnings release, as revenue reached a new record of over $142 million and EPS figures beat projections by 50% ($0.45 EPS vs. $0.30 expected). The RSI tripped the Oversold alarm right before the report, which happened to coincide with a bounce of support at the 200-day moving average. OPFI has impressive growth metrics and a chart to back it up, so a momentum reversal to the upside here is a strong possibility.



<h2 class="wp-block-heading">Kaiser Aluminum Corp.&nbsp;</h2>



Kaiser Aluminum (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KALU#NASDAQ">KALU</a>) manufactures and sells prefabricated aluminum and steel products to a global base of customers, which could help explain part of its slump as President Trump continues to make steel and aluminum tariffs increasingly prohibitive. Despite beating EPS and revenue estimates, the stock dropped more than 20% in the days following its Q2 earnings release on July 23. A reduction in free cash flow guidance was the major red flag in the report, but the EBITDA outlook was improved, and the company maintained margins of 19% in the first half of 2025. 



<figure class="wp-block-image"><img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfUYcumQAbCorioqMN8vq0FSAiXcAWDD5dFuA1hBNgf6CBssNLQ16f1fa9KpqVELn-c_JNW4YAF8sbhgndayHpjxZZPeFAdsPflZ3yI1Jl-fM8iGTlydqZ-ogi_l7aNvwL0VoMy?key=VV_jQb9vOGQQsdnrstZ4Pg" alt=""/></figure>



A Golden Cross formation in late June had investors thinking about outsized gains, but the Q2 earnings release tempered those expectations. However, the stock has receded to the 200-day moving average, sparking an Oversold sign from the RSI, which could trigger a technical reversal. The earnings release also hinted at long-term gains following short-term pain, allowing investors to quickly turn bullish if trade war fears subside and sales continue to grow.



Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.



Photo: Shutterstock

Opinion

Trading Ideas

KALU

LYFT

OPFI

5 Stocks That Are Ready To Rebound

U.S. and Russian negotiators are racing to finalize a potential agreement that would freeze the war in Ukraine and lock in Moscow's control over key territories, setting the stage for a possible Trump-Putin summit as <a href="https://www.benzinga.com/topic/donald-trump">early as next week. </a>



<ul class="wp-block-list">
<li>USO ETF is moving fast. <a href="https://www.benzinga.com/quote/USO">Check live prices here.</a> </li>
</ul>



The move is creating ripple effects across markets with oil prices dropping, gold trimming earlier gains and stocks rising to near record highs.



<h3 class="wp-block-heading">Ukraine Ceasefire Talks Gain Momentum</h3>



According to <a href="https://www.bloomberg.com/news/articles/2025-08-08/us-and-russia-plan-truce-deal-to-cement-putin-s-gains-in-ukraine">Bloomberg</a>, citing sources familiar with the matter, the proposal would involve Ukraine ceding the entire eastern Donbas region and Crimea to Russia.



In exchange, Moscow would halt its offensive in the Kherson and Zaporizhzhia regions along current battle lines. 



The plan would essentially formalize the territorial changes Russia has sought since its full-scale invasion of Ukraine began in February 2022.



Putin's demands still include Kyiv abandoning its bid for NATO membership and accepting the loss of four occupied Ukrainian regions. 



This sets up a difficult choice for Ukrainian President Volodymyr Zelenskiy, who faces constitutional constraints on ceding territory and strong opposition to legitimizing Russian annexations.



So far, Trump hasn't imposed direct sanctions on Moscow but has sought to pressure Russia indirectly. 



This week, he doubled tariffs on Indian imports to 50% over New Delhi's purchases of Russian oil, sparking diplomatic tensions with one of Washington's key partners in Asia.



Trump has also threatened broader tariffs on countries still buying Russian crude if Putin does not agree to a ceasefire by Friday.



<h3 class="wp-block-heading">Market Reactions</h3>



West Texas Intermediate crude plunged sharply below $64 a barrel, hitting a 2-month low. Gold also fell from $3,400 to $3,385 an ounce as investors rotated out of safe havens.



U.S. equities rallied, with the Nasdaq 100 – as tracked by the Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) – rising 0.7% to 23,560, inching closer to record highs.



The S&amp;P 500 climbed 0.7% to 6,381, the Dow Jones gained 0.5% to 44,193, and the Russell 2000 added 0.4% to 2,223.60.



Read now: 



<a href="https://www.benzinga.com/markets/macro-economic-events/25/08/46999430/trump-tariffs-gold-switzerland-federal-reserves">Trump Puts Tariffs On Gold Bars—Now The Fed Could Trigger A Shock</a>



Photo: Shutterstock



<a href="https://www.benzinga.com/markets/macro-economic-events/25/08/46999430/trump-tariffs-gold-switzerland-federal-reserves"> </a>

Macro Economic Events

Commodities

Global

Econ #s

Economics

Oil Prices Crash As US-Russia Push Ukraine War Truce, Nasdaq 100 Nears Record

Tech stocks staged a full rebound from last Friday's sell-off, with the Nasdaq 100 surging to 23,600 — just shy of the 23,700 all-time high set in late July, as the week&#8217;s strong sector earnings and broad gains among the Magnificent <a href="https://www.benzinga.com/topic/magnificent-seven">Seven fueled the rally.</a>



<ul class="wp-block-list">
<li>MAGS ETF is breaking past resistance. <a href="https://www.benzinga.com/quote/MAGS">Check live prices here.</a> </li>
</ul>



Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) climbed 3.5% by midday in New York, extending weekly gains to over 12% and setting up its strongest week since August 2020.



The Magnificent Seven's combined market capitalization hit $19.5 trillion, matching last month's peak. NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) is once again testing record highs.



On the trade front, President Donald Trump unveiled a surprise import tariff on gold bars, a move expected to <a href="https://www.benzinga.com/markets/macro-economic-events/25/08/46999430/trump-tariffs-gold-switzerland-federal-reserves">pressure Switzerland's refining industry.</a> The price spread between New York gold futures and spot prices spiked to a record $90 per ounce. Bullion edged up 0.1% to $3,400 per ounce.



Geopolitically, reports suggest the U.S. and Russia are exploring a potential Ukraine ceasefire deal that would formalize some of Moscow's territorial gains, ahead of a possible <a href="https://www.benzinga.com/markets/macro-economic-events/25/08/47003189/us-russia-deal-ukraine-peace-gold-oil-nasdaq">Trump-Putin summit next week.</a>



In commodities, oil briefly slipped below $64 a barrel before trimming losses, positioning to end a six-session losing streak.



Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell 1.2% to $116,000.



<h2 class="wp-block-heading">Friday&#8217;s Performance In Major U.S. Indices, ETFs</h2>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices</td><td>Price</td><td>1-day chg. %</td></tr><tr><td>Nasdaq 100</td><td>23,590.19</td><td>0.9%</td></tr><tr><td>S&amp;P 500</td><td>6,388.47</td><td>0.8%</td></tr><tr><td>Dow Jones</td><td>44,184.34</td><td>0.5%</td></tr><tr><td>Russell 2000</td><td>2,220.90</td><td>0.3%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:40 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) rose 0.7% to $585.50.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) rose 0.5% to $441.85.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;rallied 0.8% to $573.89.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) edged 0.4% higher to $220.72.</li>



<li>The&nbsp;Technology&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLK#NYSE">XLK</a>) outperformed, up 0.9%; the&nbsp;Utilities&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) lagged, down 0.2%.</li>
</ul>



<h2 class="wp-block-heading">Friday&#8217;s Stock Movers</h2>



Stocks reacting to earnings reports included: 



<ul class="wp-block-list">
<li>Gilead Sciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>) up 8.8%</li>



<li>Petróleo Brasileiro S.A. – Petrobras (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>) down 6.4%</li>



<li>Motorola Solutions, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>) up 2.1%</li>



<li>Monster Beverage Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNST#NASDAQ">MNST</a>) up 6.3%</li>



<li>Flutter Entertainment plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) down 7.4%</li>



<li>Block, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XYZ#NYSE">XYZ</a>) down 2.7%</li>



<li>Take-Two Interactive Software, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) down 3.7%</li>



<li>Consolidated Edison, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>) down 0.4%</li>



<li>Live Nation Entertainment, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>) up 2.4%</li>



<li>Microchip Technology Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) down 5.7%</li>



<li>The Trade Desk, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTD#NASDAQ">TTD</a>) down 37.6%</li>



<li>Expedia Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>) up 3%</li>



<li>Pinterest, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) down 8.5%</li>



<li>Natera, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTRA#NASDAQ">NTRA</a>) up 10.8%</li>



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<li>Wynn Resorts, Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>) down 2.0%</li>



<li>Akamai Technologies, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) down 3.4%</li>
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Tech Stocks Eye Record Highs As Magnificent Seven Top $19.5 Trillion: What's Moving Markets Friday?

Aug. 7, 2025, marked a turning point for bullion. That's when President Donald Trump's new tariffs on one-kilogram gold bars entered the books, a move that could split the global bullion market in two and potentially set the stage for a seismic shift <a href="https://www.benzinga.com/topic/federal-reserve">in U.S. monetary policy.</a>



<ul class="wp-block-list">
<li>GLD ETF is moving fast.<a href="https://www.benzinga.com/quote/GLD"> Check the chart here.</a> </li>
</ul>



The U.S. has slapped tariffs of up to 39% on imported kilobars and 100-ounce gold bars, hitting Switzerland — the world's largest refining hub — hardest.



Here's an explainer of what Trump's move could mean for the gold market — and why its impact might stretch far beyond bullion trading, potentially shaping the future of U.S. fiscal and monetary policy.



<h3 class="wp-block-heading">Trump&#8217;s Tariffs Put Sand In The Bullion Engine</h3>



According to Ross Norman, CEO of Metalsdaily.com, "imposing 39% tariffs on Swiss kilobars is akin to pouring sand into an otherwise well functioning engine."



Gold traded in New York, about 1,000 tonnes a year, was instantly re-priced at least $100 higher per ounce, creating a $3.2 billion overnight windfall for holders. 



The gap between London spot prices and New York futures has already widened beyond $100 and could, according to Norman, stretch to several hundred dollars.



Swiss bars may soon trade at a discount, while non-Swiss bars fetch a steep premium. Traders see a new level of risk for COMEX short sellers, as sourcing physical bars for delivery just became more costly and complicated.



<h3 class="wp-block-heading">Weaponizing The Gold Market?</h3>



Market commentators on social media X are calling the policy a direct squeeze on Swiss refiners while boosting U.S. domestic refiners' market share. 



The page&nbsp;Endgame macro&nbsp;highlighted that the longer-term strategy may be "less about tariffs for revenue and more about weaponizing the gold market," reshaping how and where the world's gold benchmark is set.



&#8220;This reasserts New York as the central arena for price discovery, and ensures that if gold is going to play a larger role in the future global monetary system, it will do so on U.S. terms,&#8221; Endgamemacro stated. 



Gold strategist Peter Schiff said the move "could wreak havoc on the COMEX" as shorts rush to avoid paying tariffs on Swiss imports if delivery is demanded. Even without imports, he said, the affected bars will trade at higher premiums.



The precious metal – as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) – has already rallied 28% year-to-date, and is on track for its best year since 2010. 



<h3 class="wp-block-heading">The Fed Connection</h3>



The timing of Trump's tariffs is drawing attention because of a recent paper from Colin R. Weiss, Principal Economist at the Federal Reserve Board of Governors, 



Just a week ago, Weiss published a <a href="https://www.federalreserve.gov/econres/notes/feds-notes/official-reserve-revaluations-the-international-experience-20250801.html">note </a>titled &#8220;Official Reserve Revaluations: The International Experience,&#8221; exploring how countries can use gains from revaluing their official gold reserves to fund spending without raising taxes or issuing new debt.



The U.S. holds 261.5 million troy ounces of gold, valued on its books at just $42.22 per ounce. At current market prices of around $3,300, revaluation could unlock over $850 billion in paper gains. 



Over the past three decades, Germany, Italy, Lebanon, Curaçao and Saint Martin, and South Africa have taken similar steps in times of fiscal strain.



Trump's recently signed "One Big Beautiful Bill" is expected to add $3.4 trillion to deficits over the next decade, according to the Congressional Budget Office.



With U.S. national debt hitting $37 trillion this month and projections of 118% of GDP by 2035, the fiscal stakes are high. 



Against that backdrop, controlling more of the gold pricing mechanism and boosting the book value of U.S. gold could provide an unconventional tool for fiscal relief.



Here's the bigger picture: what started as a tariff on gold bars could be part of a broader play, one that touches the heart of how the U.S. manages its debt and positions itself in the global monetary system.



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Trump Puts Tariffs On Gold Bars—Now The Fed Could Trigger A Shock

The U.S. economy is heading towards a period of stagflation, warns economist Savvas Savouri. This could have significant implications for the dollar, bonds, and stocks.



<h2 class="wp-block-heading">Dollar to Fall, Inflation to Rise, Savouri Warns </h2>



Savouri, the managing director of QuantMetriks, predicts a future where inflation rises, the dollar falls, and the yield curve steepens, <a href="https://www.marketwatch.com/story/stagflation-is-coming-to-the-u-s-says-this-economist-heres-what-it-means-for-the-dollar-bonds-and-stocks-6628297d?mod=home_ln">reported</a> MarketWatch. His forecasts are based on three main inflationary pressures: a weakening dollar, limitations on cheap migrant labor, and increased tariffs.



Savouri believes that the effects of tariffs have not yet been fully realized in the data. &#8220;If you look through the front windscreen rather than the rear-view mirror, it&#8217;s clear to see stagflation is coming to the U.S.,&#8221; he stated



In a note titled &#8220;The Inflationator vs The Powell,&#8221; Savouri predicts that the pressure from the White House could lead to a shorter tenure for Powell at the Federal Reserve. 



He is bearish on the dollar, foreseeing a &#8220;Wile E. Coyote moment&#8221; before it falls. He also predicts a deal between Trump and China&#8217;s president Xi Jinping that will allow an appreciation of renminbi, making U.S. goods more competitive.



He advises investors to hedge against these potential adverse movements by buying TIPS (Treasury Inflation-Protected Securities) and suggests that these developments could benefit certain stocks, particularly large caps or big tech with a strong balance sheet and significant portion of their earnings overseas. These are also the companies who can pass on the costs to the consumers. 



<h2 class="wp-block-heading">Warnings of U.S. Economy Nearing Recession Grow</h2>



The economist&#8217;s warnings come at a time when the US economy is already facing significant challenges. Moody&#8217;s Chief Economist Mark Zandi <a href="https://www.benzinga.com/markets/economic-data/25/08/46821096/moodys-chief-economist-warns-us-economy-on-precipice-of-recession-as-tariffs-labor-shortages-trigger-market-selloff">recently warned</a> that the American economy is on the brink of a recession, citing disappointing economic data releases.



These concerns were further exacerbated by the <a href="https://www.benzinga.com/markets/economic-data/25/08/46818898/economists-warn-us-close-to-stall-speed-and-could-tip-over-into-recession-on-disappointing-jobs-report">July Jobs report</a>, which raised fears of the U.S. economy being close to &#8220;stall speed&#8221; and potentially tipping into a recession. 



Federal Reserve Governor Lisa Cook also <a href="https://www.benzinga.com/news/macro-notification/25/08/46951374/fed-official-lisa-cook-flags-concerning-jobs-report-calls-it-typical-of-turning-points-in-us-economy">expressed concern </a>about the report, highlighting the substantial downward revisions to the job numbers for May and June as &#8220;typical of turning points&#8221; in the economy.



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Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

The Dollar Faces A 'Wile E. Coyote Moment' As Stagflation Looms Over US Economy, Warns Economist

While the U.S. recently <a href="https://www.benzinga.com/markets/tech/25/07/46407517/nvidia-resumes-h20-shipments-to-china-as-jensen-huang-meets-trump-beijing-officials-fully-compliant-rtx-pro-aims-to-bridge-ai-cold-war">eased export restriction</a>s on advanced semiconductors by firms like Nvidia Corp. and Advanced Micro Devices Inc., a leading Chinese chipmaker has declared that its domestic market is already substituting foreign alternatives.



What Happened: This dual-sided development in the global tech war creates a complex picture for the industry. On one hand, American firms like Nvidia and AMD are <a href="https://www.benzinga.com/markets/tech/25/07/46409079/nvidia-growth-estimates-get-10-boost-as-us-lifts-china-chip-export-curbs-gene-munster-predicts-30-35-growth-for-2026">regaining access to a crucial market</a>. On the other hand, China's push for self-sufficiency is yielding results, potentially diminishing the long-term impact of the policy reversal.



The U.S. government&#8217;s decision to permit the sale of Nvidia&#8217;s H20 and AMD&#8217;s MI308 chips to China marks a significant change after a ban that cost American companies billions in revenue.



However, according to a Nikkei Asia <a href="https://asia.nikkei.com/business/technology/smic-says-more-chinese-chip-players-perfectly-replacing-foreign-rivals">report</a>, Semiconductor Manufacturing International Corp. (SMIC) co-CEO Zhao Haijun stated that a growing number of Chinese clients can &#8220;perfectly&#8221; replace foreign rivals with domestically-produced chips. 



SMIC&#8217;s commentary is backed by tangible growth figures. Zhao noted that some of the company's clients in the power-related semiconductor sector have increased their monthly wafer orders tenfold within just two years.



This surge in demand has led to SMIC&#8217;s production capacity being constrained through at least October, with domestic clients now accounting for over 50% of its 8-inch wafer orders.



This rapid domestic substitution strategy also extends to the automotive sector, where China has a stated goal of using 100% homemade chips.



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Why It Matters: Despite the ongoing trade tensions and the new U.S. tariffs, SMIC expects the financial impact to be minimal, projecting it to be less than 1.3% of its total revenue. This confidence is rooted in the company&#8217;s strong domestic demand, which appears to be insulating it from external pressures.



Additionally, China&#8217;s top internet watchdog, the Cyberspace Administration of China (CAC) has recently raised concerns over potential security vulnerabilities in the H20 chip, a development that could complicate the chipmaker's expansion plans in the world's second-largest economy.



The CAC summoned Nvidia officials in July for a closed-door meeting, demanding clarity on whether the H20 chip includes backdoor security risks that could <a href="https://www.benzinga.com/markets/tech/25/07/46749624/china-questions-nvidias-ai-chip-as-us-export-controls-stoke-tensions">threaten national data privacy</a>. 



Meanwhile, domestically, President Donald Trump stated that his administration would <a href="https://www.benzinga.com/etfs/sector-etfs/25/08/46976358/trump-drops-100-tariff-shocker-on-semiconductors-these-etfs-are-dodging-it">slap a 100% tariff</a> on all foreign-made semiconductors, unless companies pledge to construct fabs in the U.S. 



Price Action: Here&#8217;s how some semiconductor stocks and exchange-traded funds have performed.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Chips Stocks</td><td>YTD Performance</td><td>One-Year Performance</td></tr><tr><td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td><td>42.92%</td><td>26.47%</td></tr><tr><td>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td><td>30.70%</td><td>72.21%</td></tr><tr><td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td><td>30.94%</td><td>108.43%</td></tr><tr><td>Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</td><td>20.36%</td><td>47.44%</td></tr><tr><td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td><td>-0.56%</td><td>-3.82%</td></tr></tbody></table></figure>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Semiconductor ETFs</td><td>YTD Performance</td><td>One-Year Performance</td></tr><tr><td>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>)</td><td>11.08%</td><td>13.05%</td></tr><tr><td>VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>)</td><td>18.93%</td><td>29.44%</td></tr><tr><td>Direxion Daily Semiconductor Bull 3X Shares (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SOXL#NYSE">SOXL</a>)</td><td>-9.65%</td><td>-20.53%</td></tr><tr><td>Direxion Daily Semiconductor Bear 3X Shares (BMV:<a class="ticker" href="https://www.benzinga.com/stock/SOXS#BMV">SOXS</a>)</td><td>-68.53%</td><td>-74.67%</td></tr><tr><td>GraniteShares 2x Long NVDA Daily ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDL#NASDAQ">NVDL</a>)</td><td>28.83%</td><td>93.94%</td></tr></tbody></table></figure>



Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, were higher in premarket on Friday. The SPY was up 0.38% at $634.67, while the QQQ advanced 0.37% to $571.37, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.



Photo courtesy: Shutterstock

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Nvidia, AMD Export Restrictions Ease, But Chinese Chipmaker SMIC Says That Growing Domestic Demand 'Perfectly' Replaces Foreign Rivals

Canadian defense officials strongly recommend sticking with Lockheed Martin Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LMT#NYSE">LMT</a>) F-35 fighter jets over European alternatives, despite cost overruns threatening the C$19 billion ($14 billion) program.



<h2 class="wp-block-heading">Defense Officials Back F-35 Plan Despite Budget Concerns</h2>



Two sources familiar with the defense review told Reuters that military officials made a compelling case for maintaining the 88-aircraft order rather than splitting it between U.S. and European manufacturers. The review stops short of a formal recommendation, leaving the final decision with Prime Minister Mark Carney&#8216;s government.



<h2 class="wp-block-heading">Cost Surge Threatens Project Timeline</h2>



Canada&#8217;s top independent watchdog warned in June that F-35 procurement costs will exceed initial estimates by at least 45%. The project also faces significant pilot shortage challenges that could delay implementation.



The warning comes after Canada unveiled the defense deal in early 2023, marking one of the nation&#8217;s largest military procurements. Ottawa has already committed legal funding for the first 16 F-35 aircraft under the agreement.



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<h2 class="wp-block-heading">Military Integration Drives Strategic Decision</h2>



Defense Ministry analysis concluded that splitting the order between U.S. and European suppliers would create military inefficiencies. The F-35 represents the most advanced fighter technology available, while alternative European jets would require additional training, supply chain, and maintenance costs.



<h2 class="wp-block-heading">Trade Relations Influence Defense Strategy</h2>



The decision could remove potential friction in <a href="https://www.benzinga.com/markets/macro-economic-events/25/07/46781583/trump-slaps-35-tariff-on-canadian-goods-hits-68-other-nations-with-new-trade-war-amid-fentanyl-security-china-tensions">U.S.-Canada relations as trade negotiations remain stalled</a>. Carney initially requested the military review in March, citing concerns about over-reliance on U.S. defense contractors.



Defense Minister David McGuinty&#8216;s office reiterated its commitment to &#8220;procuring what the air force needs, while ensuring economic benefits for Canadians and responsible taxpayer dollar use.&#8221;



Canada&#8217;s F-35 program began in 2010 but faced major delays due to government changes, procurement rule modifications, and pandemic-related challenges. Spain recently abandoned F-35 consideration, choosing European alternatives instead, according to Reuters.



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Lockheed Martin Scores $14 Billion Canada Win As Military Snubs EU Jets Despite 45% Cost Surge: Report

Ford Motor Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/F#NYSE">F</a>) will reportedly delay plans to develop an all-electric pickup truck as well as a van to push for smaller, affordable electric vehicles amid rising competition from China.



<h2 class="wp-block-heading">Ford To Delay Plans For F-150 Lightning Successor</h2>



The company has told suppliers it will delay the production of the company's successor to the F-150 Lightning Pickup truck at the Tennessee plant from 2027 to 2028, Auto News reported <a href="https://www.autonews.com/ford/an-ford-ev-truck-van-delays-0807/">on</a> Thursday.



The company will also delay plans to produce the E-Transit Van in Ohio from 2026 to 2028, the report suggests.



<h2 class="wp-block-heading">Trump's Ford F-150 Promise And $550 Billion Deal With Japan</h2>



The news comes as President Donald Trump had said in a phone interview that Japan would <a href="https://www.benzinga.com/markets/tech/25/08/46889179/trump-says-japan-will-import-ford-f-150-trucks-amid-confusion-over-15-tariff-timeline-announces-650-billion-deal-with-eu">import the F-150 pickup truck</a> into the country as part of the $550 billion tariff deal.



"They&#8217;re taking the very beautiful Ford F-150, which does very well," Trump said. Meanwhile, Ryosei Akazawa, Japan's top trade negotiator, visited the US to ensure the <a href="https://www.benzinga.com/markets/tech/25/08/46852251/japans-top-trade-negotiator-to-visit-us-as-trumps-550-billion-tariff-clock-starts-ticking">swift implementation</a> of the new tariff agreement.



<h2 class="wp-block-heading">Ford's Answer To Chinese Competitors</h2>



Elsewhere, Ford had hinted at producing more affordable EVs to offset competition from China. The automaker is reportedly <a href="https://www.benzinga.com/markets/tech/25/06/46020713/ford-says-upcoming-budget-ev-platform-will-rival-chinese-ev-prices-report">developing a new platform</a> to underpin its affordable EV lineup in the future.



Ford CEO Jim Farley had earlier <a href="https://www.benzinga.com/markets/tech/25/07/46187171/ford-ceo-jim-farley-praises-chinese-evs-amid-affordable-ev-platform-plans-its-the-most-humbling-thing">acknowledged China's dominance</a> in the EV sector. "It's the most humbling thing I have ever seen. Seventy percent of all EVs in the world, electric vehicles, are made in China," Farley said before praising them for the advanced technology on offer.



<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="202" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08044114/F-AUG-8-2025-1024x202.jpg" alt="" class="wp-image-1020082" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08044114/F-AUG-8-2025-1024x202.jpg 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08044114/F-AUG-8-2025-300x59.jpg 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08044114/F-AUG-8-2025-768x152.jpg 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08044114/F-AUG-8-2025-1536x303.jpg 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/08/08044114/F-AUG-8-2025.jpg 1570w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>



Ford scores well on Momentum and Value metrics while offering satisfactory Quality and Growth. For more such insights, sign up for<a href="https://www.benzinga.com/premium/ideas/benzinga-edge-2#:~:text=Turn%20Market%20Chaos,when%20markets%20rebound" target="_blank" rel="noreferrer noopener"> Benzinga Edge Stock Rankings</a> today!



Check out more of Benzinga's Future Of Mobility coverage by<a href="https://www.benzinga.com/topic/mobility"> following this link.</a>



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Ford Delays Plans For Electric Pickup, Van to 2028 Amid Affordable EV Push Due To Stiff Competition From China

U.S. stock futures rose on Friday after ending on a mixed note on Thursday. Futures of major benchmark indices were higher.



While President Donald Trump&#8216;s new "<a href="https://www.benzinga.com/markets/macro-economic-events/25/08/46957948/trumps-reciprocal-tariff-move-promises-billionsfrom-countries-that-have-taken-advantage-of-us-but-president-warns-one-thing-could-ruin-it">reciprocal tariffs</a>" took effect, he announced that he would nominate the White House&#8217;s top economist, Stephen Miran, to a short-term seat on the <a href="https://www.benzinga.com/markets/equities/25/08/46980852/trump-nominates-stephen-miran-fed-board-2026">Federal Reserve&#8217;s Board of Governors</a>.



Furthermore, Trump signed <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46984531/trump-opens-401k-plans-to-crypto-cracks-down-on-crypto-banking-discrimination">two executive orders</a> on Thursday advancing the role of digital assets in the U.S. financial system. One order allows 401(k) retirement plans to include cryptocurrencies, while the other targets what the administration calls discriminatory banking practices against crypto firms. 



Meanwhile, the 10-year Treasury bond yielded 4.25% and the two-year bond was at 3.74%. The CME Group's FedWatch <a href="https://www.cmegroup.com/markets/interest-rates/cme-fedwatch-tool.html">tool</a>&#8216;s projections show markets pricing an 89.4 % likelihood of the Federal Reserve cutting the current interest rates for the Sept. 17 decision. 



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Futures</td><td>Change (+/-)</td></tr><tr><td>Dow Jones</td><td>0.15%</td></tr><tr><td>S&amp;P 500</td><td>0.21%</td></tr><tr><td>Nasdaq 100</td><td>0.14%</td></tr><tr><td>Russell 2000</td><td>0.59%</td></tr></tbody></table></figure>



The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, rose in premarket on Friday. The SPY was up 0.27% at $633.90, while the QQQ advanced 0.19% to $570.32, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.



Cues From Last Session:



On Thursday, utilities, information technology, and consumer staples stocks recorded the biggest gains, while health care and financial sectors bucked the trend and closed lower. Despite these gains in some sectors, U.S. stocks settled mixed.



The market&#8217;s performance was influenced by several corporate and economic reports. For instance, Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) climbed more than 3%, adding to Wednesday&#8217;s 5.1% gain, as investors speculated the tech giant might avoid new import duties, as it announced a total of $600 billion investment in the U.S.



ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) also reported better-than-expected earnings for the second quarter. Conversely, Eli Lilly And Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) shares plummeted 14%, marking their worst single-day performance since August 2000.



On the economic front, U.S. wholesale inventories increased by 0.1% month-over-month to $906.3 billion in June. U.S. unit labor costs in the nonfarm business sector rose 1.6% in the second quarter, while labor productivity surged by 2.4%.



Additionally, U.S. initial jobless claims climbed by 7,000 to 226,000 in the final week of July, exceeding market expectations of 221,000.



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Index</td><td>Performance (+/-)</td><td>Value</td></tr><tr><td>Nasdaq Composite</td><td>0.35%</td><td>21,242.70</td></tr><tr><td>S&amp;P 500</td><td>-0.08%</td><td>6,340.00</td></tr><tr><td>Dow Jones</td><td>-0.51%</td><td>43,968.64</td></tr><tr><td>Russell 2000</td><td>-0.30%</td><td>2,214.72</td></tr></tbody></table></figure>



Insights From Analysts:



The Chief Equity Strategist at Bloomberg Intelligence, Gina Martin Adams, shared a chart that showed that the S&amp;P 500 stocks that were missing earnings-per-share (EPS) estimates have underperformed by an average of 6% in 2025.



This is a sharp increase from the historical average of 2-4% since 2017, indicating heightened market sensitivity to earnings misses amid a second-quarter 2025 beat rate of over 80% as per Charles Schwab data.



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Given the astonishing beat rate in 2Q earnings for the S&amp;P 500, the misses have resulted extreme downside pressure on stock prices. Go to BI STOX &lt;Go&gt; on your terminal to access our research and data. <a href="https://t.co/41UUo8ynBd">pic.twitter.com/41UUo8ynBd</a>&mdash; Gina Martin Adams (@GinaMartinAdams) <a href="https://twitter.com/GinaMartinAdams/status/1952973336830476727?ref_src=twsrc%5Etfw">August 6, 2025</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



In addition to a higher consensus beat rate during the second quarter, accompanied by steeper declines on missing earnings, Charles Schwab&#8216;s research notes penned by Liz Ann Sonders and Kevin Gordon stated that &#8220;earnings bar is fairly low for the second quarter, setting companies up for a potential easy jump—but there will likely be more focus on forward guidance.&#8221;



Since the &#8220;bar is fairly low,&#8221; the surprises are higher on beat and negative during a miss.



&#8220;Ultimately, earnings will be the lens through which we can judge its resilience in the face of tariffs, higher rates, and a slowing labor market. So far, so good; but we think the bulk of the market&#8217;s focus will be on forward guidance as opposed to backward-looking results,&#8221; the Schwab note adds.



Talking about the appointment of Miran as a Fed Governor, Ed Yardeni of Yardeni Research said that it raises the possibility of at least three dissenters on the FOMC if the committee decides against a rate cut in September.



&#8220;These dissenters would likely argue that a weakening labor market justifies a rate cut. On the other hand, if the Fed does cut the federal funds rate (FFR), a new group of dissenters could emerge, objecting that a rate cut risks re-igniting inflation.&#8221;



According to Yardeni, the central debate is whether the recent weakness in the employment report stems from a weakening demand for labor or a shortage of workers. &#8220;It could very well be both simultaneously,&#8221; he noted.



He explained the demand-side argument: &#8220;Trump&#8217;s Tariff Turmoil (TTT) since April may have caused many employers to postpone their hiring plans until the impact on their businesses became clearer. With less uncertainty now, hiring should resume. In this scenario, the Fed should hold off on cutting the FFR, and the dissenters will disagree.&#8221;



Yardeni&#8217;s personal view is that the problem is primarily on the supply side of the labor market. &#8220;The labor force has stopped growing this year due to the Trump administration&#8217;s effective border closures and ongoing deportations,&#8221; he said. &#8220;In this case, the Fed should also refrain from cutting the FFR, as doing so would boost the demand for workers, worsening the labor shortage and putting upward pressure on wage and price inflation.&#8221;



See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures </a>



Upcoming Economic Data



Here's what investors will be keeping an eye on for the rest of the week;



<ul class="wp-block-list">
<li>No economic data is scheduled to be released on Friday.</li>



<li>On Saturday, Federal Reserve Vice Chair for Supervision Michelle Bowman will deliver a speech at 12:15 p.m. ET.</li>
</ul>



Stocks In Focus:



<ul class="wp-block-list">
<li>Beauty Health Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SKIN#NASDAQ">SKIN</a>) jumped 16.98% after it reported a net income for the quarter of $19.7 million, a substantial increase from $0.2 million in the same quarter of the previous year.</li>



<li>RealReal Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REAL#NASDAQ">REAL</a>) zoomed 24.68% after reporting a revenue of $165 million, marking a 14% year-over-year increase. The gross merchandise value and total revenue for the second quarter also saw a 14% annual rise. The company's consignment revenue grew by 14%, and direct revenue by 23% during this period.</li>



<li>Twilio Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TWLO#NYSE">TWLO</a>) dropped 15.17% after posting better-than-expected earnings for the second quarter, but issued weak earnings guidance for the third quarter.</li>



<li>Take-Two Interactive Software Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) rose 4.37% after reporting better-than-expected first-quarter financial results and raising its FY25 guidance.</li>



<li>American Axle &amp; Manufacturing Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>) jumped 1.31% on Friday as analysts expect it to report earnings of 5 cents per share on revenue of $1.54 billion before the opening bell.</li>



<li>Plains All American Pipeline LP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) was down 0.11% as it is expected to report earnings before the opening bell. Analysts estimate earnings of 31 cents per share on revenue of $13.53 billion.</li>



<li>Under Armour Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UAA#NYSE">UAA</a>) declined 21.08% as analysts expect it to report earnings of 3 cents per share on revenue of $1.13 billion before the opening bell.</li>



<li>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) linked stocks like Strategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) was down 0.91%, Coinbase Global Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COIN#NASDAQ">COIN</a>) rose 0.59%, Riot Platforms Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIOT#NASDAQ">RIOT</a>) advanced 0.17%, and MARA Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MARA#NASDAQ">MARA</a>) was 0.19% higher, as Trump signed two executive orders aimed at integrating digital assets into the U.S. financial system.</li>



<li>Firefly Aerospace Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLY#NASDAQ">FLY</a>) tumbled 8.04% following its recent IPO.</li>
</ul>



Commodities, Gold, And Global Equity Markets:



Crude oil futures were trading higher in the early New York session by 0.17% to hover around $63.99 per barrel.



Gold Spot US Dollar rose 0.14% to hover around $3,400.96 per ounce. Its last record high stood at $3,500.33 per ounce. The U.S. Dollar Index spot was lower by 0.14% at the 98.2670 level.



Asian markets fell on Friday, except &nbsp;Japan's Nikkei 225 index. India's S&amp;P BSE Sensex, Australia's ASX 200, China&#8217;s CSI 300, Hong Kong's Hang Seng, and South Korea's Kospi indices declined. European markets were mostly higher in early trade.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/08/46953745/paul-krugman-slams-donald-trump-for-calling-jobs-report-rigged-says-every-accusation-is-a-confession">Paul Krugman Slams Donald Trump For Calling Jobs Report &#8216;Rigged,&#8217; Says &#8216;Every Accusation Is A Confession&#8217;</a></li>
</ul>



Photo courtesy: godongphoto / Shutterstock.com

COIN

MARA

MSTR

REAL

RIOT

SKIN

TWLO

Stock Market Today: S&P 500, Nasdaq 100 Futures Rise As Trump Appoints New Fed Governor—Beauty Health, RealReal, Twilio In Focus On Q2 Earnings

The CNN Money Fear and Greed index showed some decline in the overall market sentiment, while the index remained in the &#8220;Neutral&#8221; zone on Thursday.



U.S. stocks settled mixed on Thursday, with the Dow Jones index falling by more than 200 points during the session.



Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) climbed by more than 3% on Thursday, on top of the 5.1% gain recorded on Wednesday, as investors bet the tech giant could sidestep new import duties.



ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) reported better-than-expected earnings for the second quarter on Thursday. Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) shares plunged 14%, recording their worst single-day performance since August 2000.



On the economic data front, U.S. wholesale inventories increased by 0.1% month-over-month to $906.3 billion in June following a 0.3% decline in the previous month. U.S. unit labor costs in the nonfarm business sector climbed by 1.6% in the second quarter, while labor productivity in the nonfarm business sector surged by 2.4% in the second quarter. U.S. initial jobless claims surged by 7,000 to 226,000 in the final week of July, compared to market expectations of a reading of 221,000.



Most sectors on the S&amp;P 500 closed on a positive note, with utilities, information technology and consumer staples stocks recording the biggest gains on Thursday. However, health care and financial stocks bucked the overall market trend, closing the session lower.



The Dow Jones closed lower by around 224 points to 43,968.64 on Thursday. The S&amp;P 500 fell 0.08% to 6,340.00, while the Nasdaq Composite jumped 0.35% to 21,242.70 during Thursday's session.



Investors are awaiting earnings results from American Axle &amp; Manufacturing Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXL#NYSE">AXL</a>), Plains All American Pipeline LP (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAA#NASDAQ">PAA</a>) and Under Armour Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UA#NYSE">UA</a>) today.



What is CNN Business Fear &amp; Greed Index?



At a current reading of 54.7, the index remained in the &#8220;Neutral&#8221; zone on Thursday, versus a prior reading of 55.2.



The Fear &amp; Greed Index is a measure of the current market sentiment. It is based on the premise that higher fear exerts pressure on stock prices, while higher greed has the opposite effect. The index is calculated based on seven equal-weighted indicators. The index ranges from 0 to 100, where 0 represents maximum fear and 100 signals maximum greediness.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/25/08/46958938/wall-streets-most-accurate-analysts-give-their-take-on-3-real-estate-with-over-7-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Give Their Take On 3 Real Estate With Over 7% Dividend Yields</a></li>
</ul>

Pre-Market Outlook

Dow Tumbles Over 200 Points Following Earnings Reports: Fear & Greed Index Remains In 'Neutral' Zone

President Donald Trump said Thursday he will nominate Stephen Miran, current chair of the Council of Economic Advisers, to fill the recently vacated Federal Reserve Board seat <a href="https://www.benzinga.com/topic/federal-reserve">left by Adriana Kugler. </a>



If confirmed by the Senate, Miran would serve until Jan. 31, 2026, giving him a short but potentially impactful window to vote on U.S. monetary policy.



<h3 class="wp-block-heading">From Policy Newcomer To Trump Economic Power Player: Who Is Miran?</h3>



Until last year, Miran was a little-known figure in U.S. policymaking. 



He built his career in investment firms before catching Trump's attention with a series of pro-tariff policy papers, including a 41-page trade strategy document he dubbed the "Mar-a-Lago Accord."



His rise culminated in late December when Trump tapped him to lead the CEA. A Fed board seat would likely extend his influence from the White House to the central bank's policy decisions.



Miran&#8217;s latest public comments suggest he might lean towards a dovish stance on interest rates.



Miran has repeatedly highlighted in recent weeks that inflation has been cooling, despite the presence of tariffs. 



On July 29, he wrote, "Inflation has consistently come in below expectations. Time for some updating of models." 



Earlier in July, he pointed out that since Trump's current term began, core consumer prices have averaged 2.1% annualized, while headline inflation has been 1.8%.



Those numbers suggest inflation is near the Fed's target, potentially supporting a case for lower rates. 



CME FedWatch data indicate a 93% probability of a 25-basis-point cut in September and a 63% chance of a follow-up cut in October. The nomination will head to the Senate Banking Committee for hearings before a full Senate vote.



<h3 class="wp-block-heading">Market Reactions</h3>



Following Trump's nomination of Miran, the U.S. dollar slipped 0.3%, easing from 98.40 to 98. Gold – as tracked by the SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) –&nbsp;surged to $3,400 per ounce as traders increased bets on near-term Fed rate cuts. 



On Thursday, Trump's economic team was also reported to be considering Fed Governor Christopher Waller — who dissented in July in favor of a rate cut — as likely successor to Jerome Powell when his chairmanship ends in 2026.



The S&amp;P 500 – tracked by the Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) – ended 0.1% lower at 6,340, while the Nasdaq added 0.3% to finish at 23,390.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/news/politics/25/08/46966504/christopher-waller-trump-jerome-powell-fed-chair">Trump&#8217;s Pick For Fed Chair: Christopher Waller Emerges As Frontrunner</a></li>
</ul>



Image created using artificial intelligence via Midjourney.

Trump's New Ally For Lower Rates: Stephen Miran Set For Fed Board Nomination

President Donald Trump signed two executive orders on Thursday advancing the role of digital assets in the U.S. financial system. One order allows 401(k) retirement plans to include cryptocurrencies, while the other targets what the administration calls discriminatory banking<a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46960703/trump-wants-to-put-bitcoin-in-your-401k-will-it-work"> practices against crypto firms.</a>



The first <a href="https://www.bloomberg.com/news/articles/2025-08-07/trump-to-sign-order-easing-path-for-private-assets-in-401-k-s">order </a>directs the Department of Labor to reassess its guidance, which currently restricts alternative asset exposure in employer-sponsored retirement plans.



The move, aimed at revising regulatory interpretations under the Employee Retirement Income Security Act (ERISA), also instructs the Securities and Exchange Commission and Treasury Department to consider regulatory updates that could expand retail access to digital assets through accredited investor pathways.



This directive builds on Trump's earlier crypto-related actions, including a strategic digital asset reserve and a national initiative to promote U.S. crypto leadership. 



Hashdex's Gerry O'Shea described the latest order as an opportunity for retirement plan sponsors to engage digital asset experts on safe and structured inclusion of crypto in long-term portfolios.



In a second executive <a href="https://www.whitehouse.gov/fact-sheets/2025/08/fact-sheet-president-donald-j-trump-guarantees-fair-banking-for-all-americans/">order</a>, Trump moved to prohibit federal regulators from using &#8220;reputational risk&#8221; as a reason to block or discourage banks from servicing crypto companies.



This language, used by agencies like the Federal Reserve, has come under scrutiny by lawmakers and the crypto industry, who argue it has been misused to justify account closures and restrict banking access.



Also Read: <a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46964483/proshares-introduces-leveraged-etf-targeting-circles-2x-daily-stock-returns">ProShares Introduces Leveraged ETF Targeting Circle&#8217;s 2x Daily Stock Returns</a>



Critics have long argued that such actions amount to a form of "Operation Choke Point 2.0," a reference to a 2013 initiative that limited financial services for industries seen as risky. 



Trump's new order seeks to eliminate that discretion, aligning with prior pledges by the Federal Reserve, OCC, and FDIC to stop using reputational risk as a supervisory standard.



Republican lawmakers praised the order. 



House Financial Services Chair French Hill (R-AR) called it "an important step" toward protecting Americans from politically motivated financial discrimination.



Senator Cynthia Lummis (R-NY) added that it brings "transparency and accountability" to what she characterized as an overreach under the Biden administration.



Both orders underscore a broader policy pivot under Trump aimed at normalizing crypto as part of mainstream financial systems. 



While the Biden-era Labor Department had cautioned against speculative risks in retirement crypto allocations, Trump's administration is instead positioning digital assets as central to innovation and investor choice.



Read Next: 



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/crypto/cryptocurrency/25/08/46966593/bitcoin-and-the-magnificent-seven-are-they-still-in-sync-or-set-to-diverge">Bitcoin And The Magnificent Seven: Are They Still In Sync Or Set To Diverge?</a></li>
</ul>



Photo: Shutterstock

Cryptocurrency

News

Trump Opens 401(k) Plans To Crypto, Cracks Down On Crypto Banking Discrimination

Pinterest Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PINS#NYSE">PINS</a>) reported financial results for the second quarter Thursday after the bell. Here&#8217;s a look at the key details <a href="https://www.benzinga.com/pressreleases/25/08/b46980443/pinterest-announces-second-quarter-2025-results-delivers-17-revenue-growth-and-record-users">from the print</a>.



Q2 Earnings: Pinterest reported second-quarter revenue of $998.23 million, beating&nbsp;<a href="http://benzinga.com/quote/pins/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $974.01 million, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>. The idea discovery platform company posted second-quarter adjusted earnings of 33 cents per share, missing analyst estimates of 35 cents per share.



Total revenue was up 17% on a year-over-year basis as Pinterest's global monthly active users increased 11% year-over-year to 578 million. Average revenue per user in the second quarter was $1.74 globally and $7.29 in the U.S. and Canada.



Net cash from operations totaled $208 million in the quarter, and free cash flow came in at $197 million. The company ended the period with approximately $1.22 billion in cash and cash equivalents.



&#8220;We&#8217;ve found our best product market fit ever by becoming a personalized shopping destination for users and an AI-powered performance platform for advertisers. With this focus, we believe we&#8217;re well-positioned to further capture market share,&#8221; said&nbsp;Bill Ready, CEO of Pinterest.



What&#8217;s Next:&nbsp;Pinterest sees third-quarter revenue of $1.03 billion to $1.05 billion versus estimates of $1.02 billion. The company expects third-quarter adjusted EBITDA of $282 million to $302 million.



Pinterest&#8217;s management team plans to provide more details on the company's forward guidance on its earnings call, which started at 4:30 p.m. ET.



PINS Price Action: <a href="https://www.benzinga.com/quote/PINS" target="_blank" rel="noreferrer noopener">Pinterest shares</a> were down 10.39% in Thursday&#8217;s after-hours session, trading at $35.10 at publication time, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.



Read Next:



<ul class="wp-block-list">
<li><a href="https://www.benzinga.com/markets/tech/25/08/46949685/zuck-poaching-effect-pushes-openai-to-announce-1-5-million-bonus-for-all-employees-even-new-hires-says-tech-entrepreneur">&#8216;Zuck Poaching Effect&#8217; Pushes OpenAI To Announce $1.5 Million Bonus For All Employees—Even New Hires, Says Tech Entrepreneur</a></li>
</ul>



Photo: Shutterstock.

Earnings

Social Media

After-Hours Center

Movers

Pinterest Q2 Earnings: Revenue Beat, EPS Miss, Monthly Actives Hit All-Time High, Shares Plunge

On Thursday, July 31, design-tech company Figma Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FIG#NYSE">FIG</a>) launched its initial public offering (IPO).



This isn't just any tech company. It's the collaborative platform used by thousands of companies, from startups to heavy hitters like Google and Airbnb, to design everything from websites to cloud-based apps. 



That, on top of Adobe's $20 billion buyout attempt back in 2022, made it one of the most anticipated IPOs in years. Everyone from Wall Street to Silicon Valley had 7/31 circled in their calendars.&nbsp;



And Figma absolutely exploded out of the gate, tripling on day one and racking up over $55 billion in value.



I tried to grab 1,000 shares before the open. What happened next still has me shaking my head.



<h2 class="wp-block-heading">One Chart. One Setup. Big Profit Potential</h2>



In a market filled with noise, our ‘Chart of the Day' delivers pure signal, highlighting high-probability trades based on expert analysis and deep market insights. Get tomorrow's best setup before it moves. Get My Daily Chart <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-3/?el=ResearchDaily&amp;utm_campaign=commandcenter">HERE</a>



<h2 class="wp-block-heading">The Robinhood Twist</h2>



As a retail trader, getting in on IPOs used to be almost impossible. Wall Street's big banks had it locked down, scooping up shares before most of us could blink. But in 2021, Robinhood launched its IPO Access program, which changed everything.



It gave everyday investors a shot at buying IPO shares before they began trading publicly.



So, when Figma popped up in Robinhood's IPO Access tab, I jumped in. I read the prospectus, punched in a request for 1,000 shares at the maximum price of $33, then waited for the big day.



I got the confirmation email as well, showing $33,000 committed &#8211; but I'd only be charged if I got an allocation.



Then came IPO day.



FIG opened at $85 and ripped even higher. With shares tripling, I was already doing the math in my head, thinking "If I got filled on all 1,000 shares, I'm up over $80,000!"



Except I hadn't yet read the second email from Robinhood.



When I finally opened it, I saw this: "Your request to buy 1,000 shares of FIG was partially filled. You received 1 share at $33."



One. Out of 1,000.



So, what happened? Robinhood uses a random allocation process &#8211; essentially a lottery. It doesn't matter how many shares you request or how big your account is. It uses a fair system. But sometimes, fairness can sting.



Now, in all honesty, Figma's IPO was wildly oversubscribed. Between the massive demand and limited retail allocation, most users received only a handful of shares, if they were lucky enough to get any at all. In fact, I saw a lot of noise on Reddit from angry investors who didn't get any.  



FIG isn't a stock you can just flip, either. Robinhood's policy says if you sell within 30 days, they'll lock you out of future IPOs for 60 days. So, my one lonely share? I'm keeping it as a comedic reminder of what happened – and a good story to laugh about around the dinner table.



But here's where things get interesting.



Even though IPO day is behind us, options trading on FIG is coming soon. And that's where we, as pattern traders, can really dig in.



Thanks to new SEC rules from 2023, options can now be listed as soon as two days after an IPO if volume and other listing requirements are met. At the time of writing, FIG options are now active across multiple platforms, including <a href="https://www.benzinga.com/quote/FIG/option-chain">here on Benzinga</a>.  



But I'm not rushing in. Not yet. Instead, I'll be watching closely for the proper setup to emerge. After all, patterns take time to develop, and when they do, we take advantage of them.



So, even if you didn't get any shares (or you only got one, like me), the opportunity isn't gone. It's only just beginning.



Editorial content from our expert contributors is intended to be information for the general public and not individualized investment advice. Editors/contributors are presenting their individual opinions and strategies, which are neither expressly nor impliedly approved or endorsed by Benzinga.



Photo: Shutterstock

I Tried To Buy 1,000 Shares Of The Figma IPO…Here's What Happened

Rocket Lab Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) reported second-quarter financial results after the market close on Thursday. Here&#8217;s a rundown <a href="https://www.benzinga.com/pressreleases/25/08/b46980510/rocket-lab-announces-second-quarter-2025-financial-results-posts-record-quarterly-revenue-of-144m-">of the report</a>.



Q2 Earnings: Rocket Lab&#8217;s second-quarter revenue came in at $144.5 million, beating the&nbsp;<a href="http://benzinga.com/quote/rklb/earnings" target="_blank" rel="noreferrer noopener">consensus estimate</a>&nbsp;of $134.53 million. The end-to-end space company reported a second-quarter loss of 13 cents per share, missing analyst estimates for a loss of 11 cents per share, according to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.



Total revenue was up 36% year-over-year&nbsp;after the company successfully launched five Electron missions in the second quarter. The space company ended the quarter with approximately $564.08 million in cash and cash equivalents.



&#8220;Rocket Lab has delivered impressive gross margin expansion and another record revenue result this past quarter, driven by our strong operational performance and program execution that has us on track for a record year of launches and spacecraft delivery,&#8221; said&nbsp;Peter Beck, founder and CEO of Rocket Lab.



&#8220;It&#8217;s also been a busy quarter of M&amp;A activity as we&#8217;ve progressed our acquisition of Geost, strongly positioning ourselves to meet the needs of defense initiatives like the Golden Dome with end-to-end mission solutions across launch, spacecraft — and now payloads. We&#8217;re confident our strategic investments will drive new growth opportunities that will drive us toward long-term profitability, particularly as we guide toward another potential record quarter for Q3.&#8221;



Outlook:&nbsp;Rocket Lab expects third-quarter revenue to be between $145 million and $155 million versus estimates of $148.9 million. The company anticipates an adjusted EBITDA loss of $21 million to $23 million in the third quarter.



Rocket Lab said it&#8217;s made steady progress on its Neutron rocket with Launch Complex 3 &#8220;largely complete&#8221; and flight hardware currently being transported to the location for first launch. Launch Complex 3&#8217;s official opening has been scheduled for Aug. 28. 



Rocket Lab executives will further discuss the quarter on an earnings call with investors and analysts at 5 p.m. ET.



RKLB Price Action: <a href="https://www.benzinga.com/quote/RKLB" target="_blank" rel="noreferrer noopener">Rocket Lab shares</a> were down 1.36% in after-hours Thursday, trading at $43.61 at the time of publication, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.



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SPACE

RKLB

Rocket Lab Reports Mixed Q2 Earnings, Company Says It's On Track For 'Record Year' Of Launches, Spacecraft Delivery

Video game company Take-Two Interactive Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) reported first-quarter financial results<a href="https://www.benzinga.com/earnings"> after market close Thursday.</a>



Here are the highlights.



What Happened: Take-Two reported first-quarter net bookings of $1.42 billion, up 17% year-over-year. The bookings beat a Street consensus estimate of $1.31 billion, according to data<a href="https://www.benzinga.com/pro/register?utm_adType=bzprocontent&amp;utm_campaign=14daytrial&amp;utm_ad=0807"> from Benzinga Pro.</a>



The company reported that net bookings from recurring consumer spending increased 17% year-over-year, accounting for 83% of all net bookings in the quarter.



The key contributors to net bookings were "NBA 2K25," "Grand Theft Auto V," "Grand Theft Auto Online," "Toon Blast," "Match Factory," "Color Block Jam," "Empires &amp; Puzzles," "Red Dead Redemption 2," "Red Dead Online," "Words With Friends" and "Toy Blast."



"Our outstanding first quarter results reflect ongoing demand for our core franchises and the increasingly diversified, successful nature of our business," Take-Two CEO Strauss Zelnick said.



Read Also: <a href="https://www.benzinga.com/news/gaming/25/07/46499207/gta-6-delay-makes-take-two-valuation-tough-video-game-etf-ceo-says-long-only-holders-need-patience">GTA 6 Delay Makes Take-Two Valuation Tough: Video Game ETF CEO Says &#8216;Long-Only Holders Need Patience&#8217;</a>



What's Next: The gaming company is raising its full-year 2026 outlook. The company expects net bookings for the fiscal year to be in the range of $6.05 billion to $6.15 billion.



The company's revenue guidance calls for a range of $6.1 billion to $6.2 billion for the full fiscal year.



Full-year GAAP earnings per share are expected to be in a range of a loss of $2.40 to a loss of $2.05, versus prior guidance in a range of a loss of $2.79 to a loss of $2.45 per share.



Games listed in the pipeline include:



<ul class="wp-block-list">
<li>"NBA 2K26" – Sept. 5, 2025</li>



<li>"Borderlands 4" – Sept. 12, 2025</li>



<li>"WWE 2K26" -Fiscal 2026</li>



<li>"Grand Theft Auto VI" – May 26, 2026</li>
</ul>



"As we approach the release of the most ambitious pipeline in our company's history, we have exceptional confidence in our multi-year outlook and our ability to deliver meaningful shareholder returns," Zelnick said.



TTWO Price Action: Take Two stock is up 5% to $238.00 in after-hours trading Thursday versus a 52-week trading range of $135.24 to $245.08.



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Image created using photos from Shutterstock.

Gaming

Take-Two Q1 Sales Beat, Guidance Up; 'Most Ambitious Pipeline' Includes GTA VI

Apple Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) smart decision to add another $100 billion to its U.S. manufacturing commitment is being hailed on Wall Street as a tactical move to dodge steep tariffs under President Donald Trump&#8216;s trade regime—and possibly reignite its stock, which is still down <a href="https://www.benzinga.com/markets/tech/25/08/46945167/apples-100-billion-manufacturing-push-likely-wont-raise-product-prices-says-gene-munster-made-in-usa-iphone-still-off-the-table">12% year-to-date.</a>



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<li>AAPL stock is moving fast. <a href="https://www.benzinga.com/quote/AAPL">Check live prices here. </a></li>
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The company announced the launch of its American Manufacturing Program (AMP) on Aug. 6, bringing its total planned U.S. investment to $600 billion over four years, up from $500 billion previously.



The timing was crucial: on the same day, Trump unveiled a 100% tariff on semiconductors for companies not building in the U.S. Apple, thanks to its new commitment, was officially granted an exemption.



For analysts, the message was clear—this wasn't just a patriotic investment push, it was a calculated maneuver to shield the iPhone business from tariff headwinds that could hurt pricing, margins, and competitiveness.



<h3 class="wp-block-heading">Inside Apple's $600 Billion US Expansion Plan</h3>



Apple's American Manufacturing Program (AMP) will work to recenter its supply chain inside the U.S., in partnership with 10 domestic companies. This includes:



<ul class="wp-block-list">
<li>Expansion of Corning's Kentucky plant to produce U.S.-made cover glass for every iPhone and Apple Watch</li>



<li>Building out an end-to-end silicon supply chain, with 19 billion chips expected to be produced in the U.S. in 2025</li>



<li>Continuing construction of a server factory in Houston, supporting Apple Intelligence and Private Cloud Compute</li>



<li>Growing data center capacity in North Carolina, Iowa, Nevada, and Oregon</li>



<li>Progress on a second campus in Austin, Texas</li>
</ul>



Capex is also accelerating: Apple has spent $9.5 billion year-to-date, up from $6.5 billion in the same period last year. R&amp;D grew 11% year over year in the third fiscal quarter and is expected to rise again next quarter, much of it tied to AI investments.



<h3 class="wp-block-heading">Apple Could Gain Market Share: Bank of America</h3>



"It seems increasingly likely that several Apple products will be exempt from tariffs," Bank of America&#8217;s analyst Wamsi Mohan said in a note Thursday.



He noted the competitive edge Apple could gain if its products avoid tariffs while others do not.



<blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow">
"We believe there is the potential for Apple gaining smartphone market share in the U.S. if competitors are exposed to tariffs while iPhones were to remain exempt."
</blockquote>



Mohan had previously modeled a 200bps gross margin headwind under a 20% tariff scenario. With the exemption in hand, he now sees 100–200bps of potential margin upside, which could help push Apple toward 50% gross margins over time.



He also flagged currency effects as a possible tailwind in the upcoming December quarter and raised his price objective from $240 to $250, citing increased confidence in Apple's over $8 earnings-per-share potential in calendar 2026.



<h3 class="wp-block-heading">A Masterclass In Managing Uncertainty: JPMorgan</h3>



JPMorgan analyst Samik Chatterjee described Apple's announcement as a strategic response to long-standing tariff risks.



"Apple and Tim Cook delivered a masterclass in managing uncertainty after months and months of overhang relative to the potential challenges the company could face from tariffs."



He indicated that the revised and higher U.S. commitment should position Apple favorably as the 100% semiconductor tariffs go into effect. 



Apple's expanded domestic footprint helps mitigate those risks and reduces the chance of future policy exposure.



<h3 class="wp-block-heading">Apple Named As Exempt Company: Goldman Sachs</h3>



According to Goldman Sachs&#8217; analyst Michael Ng, Apple's tariff exemption is a game-changer for unit economics and relative competitiveness.



&#8220;Apple&#8217;s tariff exemption should alleviate tariff headwind concerns&#8230; the exemption could also put it at a potential cost advantage relative to smartphone, PC, and tablet competitors that do not receive an exemption&#8221;



Goldman Sachs holds a 12-month price target at $266, implying a 22% surge from current levels. 



<h3 class="wp-block-heading">Market Reactions </h3>



Shares of Apple rose more than 3% on Thursday, extending Wednesday's 5.1% surge and marking the stock's strongest two-day rally since April.



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Apple's Smart Move May Save iPhone Sales–And The Stock Could Soar

U.S. equities slipped midday Thursday as corporate earnings and fresh tariff announcements from President Donald Trump drove divergent <a href="https://www.benzinga.com/movers">moves in heavyweight names. </a>



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<li>LLY is breaking past support. <a href="https://www.benzinga.com/quote/LLY">Check the chart here. </a></li>
</ul>



The S&amp;P 500 dropped 0.3% to 6,328, the Dow Jones Industrial Average slid 0.8% to 43,865, while the Nasdaq 100 held nearly unchanged at 23,307.



Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) climbed by 3%, on top of the 5.1% gained Wednesday, as investors bet the tech giant could sidestep new import duties. The company pledged an additional $100 billion in U.S. manufacturing investments, building on a previously announced $500 billion.



The steepest intraday loss among mega-cap stocks came from Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>), which plunged 14%—its worst single-day performance since August 2000.



While second-quarter earnings beat expectations and the company raised guidance, investor focus shifted to new trial data for orforglipron, its experimental oral GLP-1 weight-loss pill. The drug yielded 12.4% average weight loss, below the 13-15% range analysts were hoping for.



The drop erased more than $100 billion in market capitalization.



The chipmaking sector also notable sharp moves after Trump announced a 100% tariff on imported semiconductors Wednesday. Exemptions are reportedly on the table for firms with U.S.-based production or clear investment plans.



Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) soared 5% and Taiwan Semiconductor Manufacturing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) surged 4% after Taiwanese officials confirmed it would remain exempt from the tariff order.



Meanwhile, Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) dropped 3.1% after President Trump called for CEO Lip Bu-Tan&#8217;s resignation



<h3 class="wp-block-heading">Commodities</h3>



<ul class="wp-block-list">
<li>Gold rose 0.6% to $3,390 per ounce</li>



<li>Silver surged 0.8% to above $38 per ounce.</li>



<li>Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) was up 0.5% to $115,000. </li>
</ul>



<h3 class="wp-block-heading">Thursday&#8217;s Performance In Major US Indices, ETF</h3>



<figure class="wp-block-table is-style-stripes"><table class="has-fixed-layout"><tbody><tr><td>Major Indices </td><td>Price</td><td>1-day %chg</td></tr><tr><td>Nasdaq 100</td><td>23,308</td><td>0.0%</td></tr><tr><td>S&amp;P 500</td><td>6,328.63</td><td>-0.3%</td></tr><tr><td>Russell 2000</td><td>2,210.97</td><td>-0.6%</td></tr><tr><td>Dow Jones</td><td>43,865.83</td><td>-0.8%</td></tr></tbody></table><figcaption class="wp-element-caption">Updated by 12:50 p.m. ET</figcaption></figure>



According to&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent&amp;t=be2bearmibe3na1">Benzinga Pro</a>&nbsp;data:



<ul class="wp-block-list">
<li>The&nbsp;Vanguard S&amp;P 500 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VOO#NYSE">VOO</a>) eased 0.2% to $580.65.</li>



<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>) fell 0.7% to $438.80.</li>



<li>The tech-heavy&nbsp;Invesco QQQ Trust Series&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)&nbsp;flattened at $568.28.</li>



<li>The&nbsp;iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) dropped 0.6% to $219.34.</li>



<li>The&nbsp;Utilities&nbsp;Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLU#NYSE">XLU</a>) outperformed, up 1.1%; the&nbsp;Health Care&nbsp;Select Sector SPDR Fund&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLV#NYSE">XLV</a>) lagged, down 1.3%.</li>
</ul>



<h2 class="wp-block-heading">Thursday&#8217;s Stock Movers</h2>



Stocks moving on earnings result included: 



<ul class="wp-block-list">
<li>Eli Lilly and Company down 13.7%</li>



<li>ConocoPhillips (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COP#NYSE">COP</a>) up 1.5%</li>



<li>Parker-Hannifin Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PH#NYSE">PH</a>) up 3.5%</li>



<li>McKesson Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MCK#NYSE">MCK</a>) down 6.5%</li>



<li>Canadian Natural Resources Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CNQ#NYSE">CNQ</a>) down 2.2%</li>



<li>Sempra (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SRE#NYSE">SRE</a>) up 2.3%</li>



<li>Airbnb Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ABNB#NASDAQ">ABNB</a>) down 8.6%,</li>



<li>Becton, Dickinson and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BDX#NYSE">BDX</a>) up 8.0%</li>



<li>MetLife, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MET#NYSE">MET</a>) down 2.9%</li>



<li>Datadog, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DDOG#NASDAQ">DDOG</a>) down 2.7%</li>



<li>American International Group, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIG#NYSE">AIG</a>) down 3.2%</li>



<li>DraftKings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DKNG#NASDAQ">DKNG</a>) down 1.9%</li>



<li>Occidental Petroleum Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>) up 4.2%</li>



<li>Targa Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>) up 3.4%</li>



<li>Zillow Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/Z#NASDAQ">Z</a>) down 1.1%</li>



<li>Ralph Lauren Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>) down 6.9%</li>



<li>CF Industries Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CF#NYSE">CF</a>) down 5.5%</li>



<li>Hyatt Hotels Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/H#NYSE">H</a>) up 2.8%</li>
</ul>



Stocks scheduled to report earnings after the market close include Akamai Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>), Maplebear Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>), Consolidated Edison Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ED#NYSE">ED</a>), Expedia Group Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EXPE#NASDAQ">EXPE</a>), Flutter Entertainment Plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>), Gilead Sciences Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GILD#NASDAQ">GILD</a>), The Goodyear Tire &amp; Rubber Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GT#NASDAQ">GT</a>), Live Nation Entertainment Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LYV#NYSE">LYV</a>), Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>), Motorola Solutions Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSI#NYSE">MSI</a>), Manitowoc Company Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MTW#NYSE">MTW</a>), Petrobras &#8211; Petróleo Brasileiro S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PBR#NYSE">PBR</a>), Take-Two Interactive Software Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TTWO#NASDAQ">TTWO</a>) and Wynn Resorts Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WYNN#NASDAQ">WYNN</a>).



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Apple Jumps, Eli Lilly Crashes On Worst Day In 25 Years: What's Moving Markets Thursday?

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