Trump Media & Technology — Shares of the Truth Social parent popped more than 50% following the attempted assassination of former President Donald Trump on Saturday. Some have argued that the attempt could boost the odds of a Trump victory in the November election.
Apple — Apple shares gained 2%. Loop Capital upgraded the technology giant to a buy rating, saying its upcoming and future artificial intelligence integrations create an opportunity for the iPhone maker to become the generative AI “base camp” of choice. Bloomberg News also reported that the company’s sales in India grew 33% year over year through March to a record $8 billion.
Super Micro Computer — Shares of Super Micro Computer, which makes graphics processing unit servers, rose 3.6% on the announcement that the company will replace pharmacy chain Walgreens Boots Alliance in the Nasdaq 100 index before the start of trading on July 22.
Goldman Sachs — Shares slipped less than 1% after the bank posted a second-quarter earnings beat. Goldman posted earnings per share of $8.62 on revenue of $12.73 billion, while analysts polled by LSEG had expected earnings of $8.34 on revenue of $12.46 billion.
Crypto stocks — Shares of bitcoin miners and cryptocurrency stocks rose as bitcoin and Ethereum popped more than 4%. Coinbase jumped about 5%, alongside Marathon Digital, CleanSpark and Riot Platforms.
Cleveland-Cliffs — The steel producer declined 3.5% after announcing its acquisition of Canadian steel mill company Stelco Holdings in a CAD$3.4 billion, or around $2.5 billion deal.
Tesla — The electric vehicle stock rose 4%, building on a more than 25% gain so far this month.
AutoNation — AutoNation shares declined less than 1% after the automotive retailer said it expects a hit to second-quarter earnings as a result of a cyber incident with CDK Global, a third-party provider of information systems.
BlackRock — Shares rose 1.2%. The world’s largest asset manager posted second-quarter adjusted earnings per share of $10.36, exceeding the LSEG consensus estimate of $9.93. However, revenue of $4.81 billion came in below the $4.85 billion forecast.
Baxter International — The medical products stock fell more than 2% after being downgraded to underweight from equal weight by Morgan Stanley. The investment firm said Baxter has limited upside despite trading at its lowest level in nearly a decade.
