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ASML Rises 1.1% After Key Trading Signal
Benzinga· 2025-07-16 10:25
ASML reverses early price weakness after Order Flow Analytics Alert Today, at 10:30 AM on July 15th, a significant trading signal occurred for ASML Holding N.V. (ASML) as it demonstrated a Power Inflow at a price of $817.45. This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in ASML's stock, ...
Synovus Financial Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Benzinga· 2025-07-16 06:20
Synovus Financial Corp. SNV will release earnings results for the second quarter, after the closing bell on Wednesday, July 16. Analysts expect the Columbus, Georgia-based company to report quarterly earnings at $1.25 per share, up from $1.16 per share in the year-ago period. Synovus Financial projects to report quarterly revenue of $585.99 million, compared to $306.15 million a year earlier, according to data from Benzinga Pro. On April 16, Synovus posted better-than-expected earnings for the first quarter ...
Circle CEO: Stablecoins Are Going Mainstream — Fast
Benzinga· 2025-07-15 23:08
Core Insights - Circle's CEO Jeremy Allaire presents a vision for stablecoins as a transformative element in digital finance, emphasizing their growing acceptance in both retail and institutional transactions [1][2] - Stablecoins are described as a significant enhancement to the financial system, enabling instant, low-cost, and borderless payments, with increasing adoption among households, businesses, and governments [2][3] - Allaire envisions a future where stablecoins become the primary medium for online transactions, supported by major financial institutions integrating USDC for cross-border settlements [3][4] Industry Trends - The market for stablecoins is projected to expand into the trillions as traditional banks and payment providers begin to adopt these digital currencies [3][4] - JPMorgan Chase's CEO suggests that banks may need to collaborate on a digital solution to remain competitive against digital finance companies like Circle [4] - Allaire notes that stablecoins are still in their early stages, indicating significant growth potential for Circle as the financial sector increasingly embraces them [4][5] Company Performance - Circle's stock (CRCL) experienced a decline of 4.58%, closing at $195.33 [5]
Tesla Leaders Take The Exit Lane: Where Have All The Execs Gone?
Benzinga· 2025-07-15 22:58
The company has experienced a high rate of executive turnover in the past as well, with notable waves of departures before 2024. Tesla, Inc. TSLA has experienced a wave of executive departures over the past year as CEO Elon Musk became involved in politics and the company suffered a downturn in sales. Here's a look at the most recent wave of departures and some notable executive exits from Tesla's history. Read Next: Tesla's Sales Turmoil Deepens With North America Sales Chief's Exit Key Recent Departures F ...
Tesla Stock Slides Amid Executive Departure, Intensifying Scrutiny On Self-Driving Tech
Benzinga· 2025-07-15 22:01
Tesla Inc TSLA shares fell in Tuesday trading as the market reacted to executive instability and mounting pressure on its autonomous driving ambitions. Here's what investors need to know. What To Know: The latest blow came with news of the departure of Troy Jones, the company's vice president of sales for North America and a 15-year veteran. His exit marks another significant leadership change, following top Elon Musk aide Omead Afshar last month, and comes amidst what has been described as "sales turmoil" ...
Global Payments Stock Climbs After Elliot Management Takes Stake
Benzinga· 2025-07-15 20:52
Group 1 - Elliott Management has acquired a significant position in Global Payments, leading to an increase in the company's stock price during extended trading sessions [1][3] - Global Payments is working to regain investor confidence after its $24.2 billion acquisition of Worldpay, which caused its shares to hit a decade-low [2] - Elliott Management, managing $72.7 billion in assets, is known for taking high-profile activist positions in various companies, including BP and Hewlett Packard Enterprise [3] Group 2 - Following the news of Elliott's stake, Global Payments shares rose by 5.66%, reaching $82 in extended trading [3]
Stock Of The Day: Will The Trade Desk Fill The Gap?
Benzinga· 2025-07-15 19:40
Group 1 - The Trade Desk, Inc. (TTD) is experiencing an increase in stock price after being added to the S&P 500 Index, which is expected to attract more institutional investors [1] - The stock has encountered resistance around the price of $85.50, which corresponds to a previous gap created when the stock opened at $85.18 after closing at $122.23 [2] - A significant number of investors who purchased shares at the lower price experienced buyer's remorse, leading them to hold onto their positions and plan to sell at breakeven when the price rises [4][5] Group 2 - The resistance around the $85 price level is attributed to these investors placing sell orders as the stock price rallies back, creating a barrier to further price increases [5][6] - If the stock can break through this resistance, it may lead to a rapid price increase, potentially refilling the gap created in February [6][7] - The absence of trading activity at the lower price levels suggests that there may not be remorseful sellers, allowing buyers to push the price higher and potentially create a new uptrend [7]
Apple Stock A Back-To-School Winner? Nine States Offer Sales Tax Holidays, Big Savings
Benzinga· 2025-07-15 18:55
Core Viewpoint - Consumers may benefit from sales tax holidays in July and August, potentially boosting Apple's sales during the back-to-school shopping season [1][7]. Group 1: Sales Tax Holidays - Seventeen states offer sales tax holidays, with nine states applicable for Apple products [2]. - The sales tax holidays include various items, such as electronics, clothing, and school supplies [1][3]. - Local taxes may still apply to some purchases made during these tax-free periods [4]. Group 2: Revenue Impact - Apple could see increased revenue in the U.S. during the back-to-school months, with reported revenue of $40.31 billion in the Americas segment for Q2 [7]. - iPhone sales have declined year-over-year, while Mac and iPad sales have increased [7]. - The Services business for Apple set a record of $26.65 billion in Q2, indicating potential future revenue opportunities from student device sales [8]. Group 3: Consumer Behavior - The National Retail Federation estimates average budgets of $875 for K-12 shoppers and $1,365 for college students [8]. - A survey indicated that 76% of shoppers expect higher prices for back-to-school items in 2025 [8]. - Tax-free events can drive additional sales as customers may purchase unplanned items [9]. Group 4: State-Specific Details - Specific states and their tax-free holiday details include: - Alabama: July 18-20, max price $750 for computers and accessories [10]. - Arkansas: Aug. 2-3, no max price for iPhones, iPads, and Macs [10]. - Massachusetts: Aug. 9-10, max price $2,000 for one item [10]. - New Mexico: July 25-27, max price $1,000 for Mac/iPad [10]. - Ohio: Aug. 1-14, max price $500 for one item [10]. - South Carolina: Aug. 1-3, no max price [10]. - Tennessee: July 25-27, max price $1,500 for computers and accessories [10]. - Virginia: Aug. 1-3, max price $60 per item [10]. - West Virginia: Aug. 1-4, max price $500 for iPads [10]. - Local and state tax rates for participating states range from 5.77% to 9.61% [10].
Trump Reversal On Nvidia H20 Adding To Bullishness, Buying On CPI Data
Benzinga· 2025-07-15 18:37
Core Insights - President Trump's reversal on H20 AI chip exports to China has positively impacted NVIDIA Corporation (NVDA) stock, contributing to bullish sentiment across the tech sector [13] - The reversal is perceived as a gesture of goodwill from the U.S. towards China, which may influence future trade relations [13] - The stock has shown significant upward movement following the recent buy signal near the April lows, with NVDA being a core position in the ZYX Buy Core Model Portfolio [13] Market Trends - Money flows in major tech stocks, including NVDA, are currently positive, indicating strong investor interest [5] - The overall bullish sentiment in the market is further supported by the Consumer Price Index (CPI) data, which came in line with expectations, suggesting that inflation reduction efforts are stabilizing [13] - Aggressive buying has been noted in nuclear stocks following announcements related to Meta Platforms Inc's data center plans, indicating sector-specific bullishness [13] Earnings and Economic Indicators - Major banks have reported earnings that are better than consensus estimates, with JPMorgan Chase & Co and Citigroup Inc showing strong performance [13] - The Producer Price Index (PPI) is set to be released, which could further influence market sentiment [13]
Why Is Kairos Pharma Stock Surging On Tuesday?
Benzinga· 2025-07-15 18:08
Group 1 - Kairos Pharma's stock (KAPA) is experiencing a significant increase, trading at $1.12 with a volume of 221 million shares compared to an average of 874.3K [1][7] - The company released positive interim safety results from its Phase 2 clinical trial of ENV-105 in patients with metastatic castration-resistant prostate cancer, indicating it was well tolerated with no dose-limiting toxicities or unexpected adverse events reported [2][3] - The Phase 2 trial aims to enroll 100 patients to evaluate the safety, tolerability, and early efficacy of ENV-105, with interim efficacy data expected in September 2025 [3] Group 2 - The stock price of Kairos Pharma has increased by 57.64%, reaching $1.08 at the time of publication [7] - The treatment-related side effects of ENV-105 were manageable with standard supportive care, and no Grade 3 or 4 toxicities were observed [2]