S&P 500 slips, Los Angeles Lakers sold for $10B: Asking for a Trend

Market Trends & Analysis - Market experienced mixed performance with high volume due to triple witching options expiration, wiping out $7 trillion in notional value [5] - "Christmas in July" phenomenon, referring to the last three trading days of June and the first six of July, historically shows high potential for market gains [8] - Meme stocks are experiencing a comeback, with some showing significant gains [13][14] - Altcoins are expected to pick up momentum, potentially leading to all-time highs in the crypto market [17][18] Company Performance & Deals - Paramount Global's merger with Sky Dance Media is a complex, multi-billion dollar deal, with BET still under Paramount's umbrella [2][3] - AMD and Micron showed positive performance in the chip sector, with Micron surpassing its previous highs and up almost 50% year-to-date [10][12] - Circle's revenue split with Coinbase is 50%, with Circle up 675% from its IPO and Coinbase up 27% [16] - FedEx's Q4 earnings may be affected by demand challenges and US tariff policies [58] - Micron's stock is rising ahead of earnings, with analysts expecting growth in computer, memory, and data storage segments and raising the price target to $150 [59][60] - Nike's Q4 results are expected to show sales dropping around 15% year-over-year due to tariffs and discounts [60][61] Media Industry - Linear TV networks are facing challenges due to the shift to streaming, but still generate significant revenue [23][24] - Consolidation is expected on both the streaming and linear sides of the media business [27] Sports Industry - Mark Walter is acquiring a majority stake in the Lakers at a $10 billion valuation, the highest price ever paid for a sports franchise [33][34] - FIFA's revamped Club World Cup offers $1 billion in prize money, but raises concerns about the distribution of wealth and potential influence from Saudi Arabia [45][47][48] Technology & Innovation - Meta and Oakley are collaborating on AI sunglasses, with the limited edition version starting at $499 and the regular version at $399 [51][54]