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The Last Time This Warning Flashed, S&P 500 Crashed The Most Since 2008
Benzinga· 2025-07-21 17:22
A rare warning signal just reappeared in the market — and the last time it showed up, the S&P 500 index plunged more than 20% in a matter of weeks.According to the latest AAII Sentiment Survey, the bull-bear spread has collapsed to just 0.3%, the lowest since September 2022 — right before the S&P logged its steepest drop since the 2008 financial crisis.That signal comes as bullish sentiment drops to 39.3% and bearish sentiment surges to 39.0%, a near-perfect split that reflects deep investor indecision. Neu ...
Wayfair Poised For Q2 Sales Beat On Strong Inventory, Vendor Promotions
Benzinga· 2025-07-21 17:08
Core Viewpoint - Wayfair is expected to exceed market estimates for both sales and profitability in its upcoming second-quarter earnings report, with a sales forecast of $3.15 billion and an EBITDA estimate of $153 million, both surpassing Street consensus [1][3]. Group 1: Sales and Profitability Expectations - The sales forecast of $3.15 billion for the second quarter exceeds the Street's consensus of $3.12 billion [1]. - The EBITDA estimate of $153 million also surpasses the Street's estimate of $146 million, driven by higher gross profit and operational efficiencies [3]. Group 2: Industry Trends and Market Position - Stronger-than-expected industry trends and increased inventory availability, aided by Wayfair's CastleGate system, contribute to a more optimistic outlook [2]. - Bank of America's credit and debit card data shows a slight improvement in online furniture spending, with a decline of only 0.8% year-over-year in the second quarter compared to a 1.6% decline in the first quarter [4]. Group 3: Future Projections - The sales estimate for the third quarter has been increased by 1% to $2.86 billion, closely aligning with the Street's estimate of $2.87 billion [5]. - Concerns regarding tariffs are easing, particularly following Vietnam's trade deal, which may positively impact future performance [6]. Group 4: Promotional Strategies and Market Dynamics - The extended Black Friday in July event indicates healthy supply levels, providing an opportunity for Wayfair to drive additional sales [7]. - The upcoming earnings call is expected to address the impact of tariffs on second-half trends and how vendors are managing these challenges through various strategies [8].
Nvidia's CEO Hits Beijing Like A Rockstar, Stirs Jensen-Mania In China
Benzinga· 2025-07-21 17:03
NVIDIA Corp. NVDA CEO Jensen Huang received a rockstar reception in Beijing during his most recent visit last week which marked his third this year and solidified his celebrity status in China. What To Know: Huang, CEO of the world’s most valuable company, was seen strolling the streets of the capital city, mingling with fans and signing autographs—including on his trademark leather jackets. He was also seen taking selfies and being widely recognized by a devoted fanbase. Read Next: Opendoor Stock Frenzy C ...
Block S&P 500 Debut Could See 759% Volume Frenzy, 54 Million Shares Snapped Up: JPMorgan
Benzinga· 2025-07-21 16:18
Block Inc. XYZ is gearing up for a major milestone. The fintech company is set to join the S&P 500 index ahead of trading on Wednesday, July 23. Analysts expect the inclusion to trigger significant buying pressure from index funds. JPMorgan analyst Min Moon is forecasting a net demand of 54.2 million shares. That’s equivalent to 759% of Block's average daily trading volume.Indexer Demand BreakdownThe surge in demand comes from two main forces. S&P 500 index funds will need to purchase roughly 70.9 million s ...
Netflix's Profits Clash With Peaking Business Concerns, Driving Interest In Direxion's NFLX Bull And Bear Funds
Benzinga· 2025-07-21 16:12
Content streaming juggernaut Netflix Inc. NFLX continues to set expectations ablaze, thereby seemingly justifying its market performance this year. Last week, the media giant posted second-quarter financial results that exceeded analysts' expectations. In fact, the company's net profit of $3.1 billion represented a fresh record. However, the volatility of NFLX stock following the results has led to probing questions.On the positive front, it's difficult to deny the underlying narrative of consistently robus ...
Pinterest Stock Gains Traction With Instacart Deal, Multiple Analyst Upgrades
Benzinga· 2025-07-21 16:08
Pinterest, Inc. PINS has attracted a wave of bullish calls from Wall Street over the past month, as several analysts raised their price forecasts and reiterated optimistic outlooks.The latest update came from Morgan Stanley, where analyst Brian Nowak upgraded the stock from Equal-Weight to Overweight and increased the price forecast from $37 to $45.Other analysts have also adjusted their price forecasts upward. Wedbush analyst Scott Devitt maintained an Outperform rating, raising the price forecast from $40 ...
Coca-Cola Q2 Preview: Will Warren Buffett Favorite Acknowledge Donald Trump's Sugar Push?
Benzinga· 2025-07-21 15:17
The Coca-Cola Company KO could have some of the most prominent people in the U.S. watching along when the beverage giant reports second-quarter financial results Tuesday before market open.Here are the earnings estimates, what experts are saying ahead of the report, and the key items to watch.Earnings Estimates: Analysts expect Coca-Cola to report second-quarter revenue of $12.54 billion. That’s up from $12.36 billion in last year's second quarter, according to data from Benzinga Pro.The company had a rare ...
Verizon Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2025-07-21 08:19
Group 1 - Verizon Communications Inc. is set to release its second-quarter earnings results on July 21, with analysts expecting earnings of $1.20 per share, up from $1.15 per share in the previous year [1] - The projected quarterly revenue for Verizon is $33.55 billion, an increase from $32.8 billion a year earlier [1] - Verizon Business, Thames Freeport, and Nokia Corp. announced a partnership to deploy Verizon Private 5G Networks in key logistics and manufacturing sites along the River Thames Estuary in the U.K. [2] Group 2 - Wells Fargo analyst Eric Luebchow maintained an Equal-Weight rating and raised the price target from $42 to $43 [5] - Morgan Stanley analyst Benjamin Swinburne reinstated an Equal-Weight rating with a price target of $47 [5] - Tigress Financial analyst Ivan Feinseth maintained a Buy rating and increased the price target from $55 to $56 [5] - Scotiabank analyst Maher Yaghi maintained a Sector Perform rating and raised the price target from $48.5 to $49 [5] - Oppenheimer analyst Timothy Horan maintained an Outperform rating and increased the price target from $48 to $50 [5]
Elon Musk's Hitchhiker's Galaxy Meets Buc-ee's Drive-In Restaurant Nears Completion: Will Tesla Accept Dogecoin?
Benzinga· 2025-07-18 21:02
Elon Musk's plan from 2018 to launch a Tesla drive-in restaurant with movie screens, a restaurant and Supercharger stations is nearing completion and could soon be open to the public.Here's the latest update, including a potential look at the menu options.What Happened: Musk tweeted in 2018 that he wanted to launch a drive-in restaurant. Years later, after his tweet that some took seriously and others thought was a joke, his dream is coming to reality.“Gonna put an old school drive-in, roller skates & rock ...
Quantum Stock Tracker: Rigetti Achieves Major Breakthrough, But Jim Cramer Names Another Stock To 'Own'
Benzinga· 2025-07-18 20:51
CNBC's Jim Cramer named one quantum stock to "own," while another company achieved a major technical breakthrough and substantial share price gains. Here's a look at what happened this week in the quantum computing sector. Rigetti – RGTI Rigetti Computing, Inc. RGTI achieved a performance breakthrough and reported on Wednesday that it had reached a 99.5% median fidelity rate for two-qubit gates on its 36-qubit modular system. Rigetti stock shot up on the news and shares were 40% higher on the week. Read Nex ...