logo
Closing Bell Movers: Apple up 2%, Amazon down over 6% after results

Closing Bell Movers: Apple up 2%, Amazon down over 6% after results

In the opening two hours of the evening session, U.S. equity futures are down modestly, with S&P 500 e-minis off by 0.2% at 6,362, Nasdaq 100 down 0.3%, and Dow Industrials off by 0.1%. In Commodities, WTI Crude Oil is little changed above $69 per barrel, while Metals are seeing precious metal prices continue to come off recent highs – Gold is at $3,340, Silver is below $36.80, and Platinum is just above $1,300 per ounce.
Elevate Your Investing Strategy:
Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Much like yesterday with Microsoft and Meta, Mega-cap Tech is dictating sentiment heading into tomorrow's non-farm payrolls report. Apple is holding up well after beating on the top and bottom-line with a 2% nudge higher, though Amazon is weighed down by AWS sales disappointment and earnings call comments that the business is supply-constrained, sending shares down over 6%. Also of note afterhours, Crypto names are under pressure as Bitcoin falls below $116K and with Coinbase and Riot Platforms reporting quarterly earnings.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER AFTER EARNINGS –
CCC Intelligent Solutions (CCCS) up 17.4%
Reddit (RDDT) up 17.3%
AppFolio (APPF) up 12.9%
iRhythm Technologies (IRTC) up 12.7%
Bio-Rad Laboratories (BIO) up 12.4%
Alphatec (ATEC) up 10.6%
Boot Barn (BOOT) up 9.1%
Five9 (FIVN) up 8.4%
Rocket Companies (RKT) up 6.1%
First Solar (FSLR) up 4.5%
Illumina (ILMN) up 2.7%
Apple (AAPL) up 1.9%
Clorox (CLX) up 1.9%
Cloudflare (NET) up 1.6%
DOWN AFTER EARNINGS –
WillScot Holdings (WSC) down 12.8%
Eastman Chemical (EMN) down 12.0%
Coinbase (COIN) down 9.5%
Riot Platforms (RIOT) down 7.0%
Amazon (AMZN) down 6.6%
Stryker (SYK) down 5.2%
Roku (ROKU) down 3.4%
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

This BlackRock ETF Could Soar 18,000%, According to Billionaire Michael Saylor
This BlackRock ETF Could Soar 18,000%, According to Billionaire Michael Saylor

Yahoo

time14 minutes ago

  • Yahoo

This BlackRock ETF Could Soar 18,000%, According to Billionaire Michael Saylor

Key Points Michael Saylor just updated his price target for a top cryptocurrency, showing monster upside. Investors can buy a BlackRock ETF to gain exposure to this leading digital asset in a hassle-free way. There are some differences between owning this crypto directly and buying the ETF. 10 stocks we like better than iShares Bitcoin Trust › Invest in Gold Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase American Hartford Gold: #1 Precious Metals Dealer in the Nation Thor Metals Group: Best Overall Gold IRA Tech entrepreneur Michael Saylor co-founded MicroStrategy, an enterprise software company now doing business as Strategy, in 1989. However, the billionaire businessman has been laser focused in recent years on something totally different from his original area of expertise. Saylor is extremely bullish on a leading cryptocurrency. Based on his optimistic stance, there's one popular BlackRock exchange-traded fund (ETF) that could absolutely skyrocket. Here's what investors need to know about this exciting prediction. Saylor's 2046 price target Saylor is incredibly bullish on Bitcoin. Seeing how much the federal debt and money supply was ballooning after the onset of the COVID-19 pandemic, Saylor realized that holding cash or Treasuries was a losing game. MicroStrategy first purchased Bitcoin for its own balance sheet in August 2020. Since then, the billionaire has completely altered his company's playbook. Its value is driven by a Bitcoin treasury strategy, raising capital in the fixed income and equity markets to aggressively buy more of the digital asset. Strategy now owns just under 629,000 Bitcoin units, according to That enormous position isn't surprising when you consider Saylor's view that Bitcoin's price could reach $21 million by 2046. Compared to Bitcoin's current price of about $114,000, this target implies nearly 18,000% upside. This target is significantly higher than his 2045 base case of $13 million, which he made one year ago. I don't think Saylor's thesis changes much. It's all about Bitcoin being able to capture a greater share of global wealth over time. This capital could come from different asset classes, like the stock market, fixed income, or real estate. What's more, important catalysts, like the launch of spot Bitcoin exchange-traded funds (ETFs), as well as more favorable regulation, give support to Saylor's more bullish stance. Increasing accessibility and convenience for investors Because of Saylor's jaw-dropping 2046 price target for Bitcoin, it's not a shock that a related financial instrument has similar upside. The iShares Bitcoin Trust (NASDAQ: IBIT), an ETF offered by BlackRock, tracks the price of Bitcoin. If Saylor believes Bitcoin will rise almost 18,000% in 21 years, then the same view applies to the iShares Bitcoin Trust. This investment vehicle has been wildly successful since it was approved and introduced in January 2024. As of July 31, it had $86 billion in assets, making it the largest spot Bitcoin ETF on the market. The iShares Bitcoin Trust has been a huge hit because it made Bitcoin a legitimate financial asset from the perspective of a major Wall Street firm, BlackRock. This likely reduced the risk of gaining exposure in the eyes of both individual and institutional investors. It helps that this ETF essentially increases accessibility and convenience for investors. There's no need to sign up for separate account with a crypto-focused brokerage platform, as the iShares Bitcoin Trust is offered through traditional brokerage accounts. And investors can skip learning about private keys and self-custody practices used to hold the coin directly. Paying the ETF expense ratio of 0.25% might be worth it to avoid these possible headaches. However, investors in the iShares Bitcoin Trust must understand that they do not own Bitcoin directly. This is a key distinction that cannot be overlooked. And it goes against the Bitcoin philosophy of people being in control of their own private keys, not relying on third parties, and decentralization. Investors in the iShares Bitcoin Trust aren't able to use Bitcoin like a direct owner can. With the ETF, you can't send Bitcoin to whomever you want. And you certainly can't use Bitcoin in a transaction. But for some investors, this isn't a deal-breaker. It's all about having exposure to Bitcoin, which could be worth much more decades from now. Should you invest $1,000 in iShares Bitcoin Trust right now? Before you buy stock in iShares Bitcoin Trust, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and iShares Bitcoin Trust wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $624,823!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $1,064,820!* Now, it's worth noting Stock Advisor's total average return is 1,019% — a market-crushing outperformance compared to 178% for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of August 4, 2025 Neil Patel has positions in iShares Bitcoin Trust. The Motley Fool has positions in and recommends Bitcoin. The Motley Fool has a disclosure policy. This BlackRock ETF Could Soar 18,000%, According to Billionaire Michael Saylor was originally published by The Motley Fool

Colgate-Palmolive Stock: Is Wall Street Bullish or Bearish?
Colgate-Palmolive Stock: Is Wall Street Bullish or Bearish?

Yahoo

time14 minutes ago

  • Yahoo

Colgate-Palmolive Stock: Is Wall Street Bullish or Bearish?

Valued at a market cap of $67.7 billion, Colgate-Palmolive Company (CL) is a global consumer goods giant specializing in oral care, personal care, home care, and pet nutrition, with popular brands like Colgate, Palmolive, Softsoap, and Hill's Pet Nutrition. Headquartered in New York, the company operates in over 200 countries through Oral, Personal & Home Care and Pet Nutrition segments. The oral hygiene giant has lagged behind the broader market, declining 18.9% over the past year and 8.3% on a YTD basis. In contrast, the S&P 500 Index ($SPX) has surged 18.4% over the past year and 7.6% in 2025. More News from Barchart Options Traders Expected Palantir Stock's Tamest Earnings Reaction in a Year. Did They Get It Right? Dear Nvidia Stock Fans, Mark Your Calendars for August 27 Tesla Gains on Elon Musk's New Pay Package. Is TSLA Stock a Buy? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! Narrowing the focus, CL has also underperformed the Consumer Staples Select Sector SPDR Fund's (XLP) 1.6% gains over the past year and 2.5% rally in 2025. CL shares slid marginally on Aug. 1 after the company posted its fiscal 2025 second-quarter earnings. It reported net sales of $5.11 billion, up 1% year-over-year, with organic sales growing 1.8%. Adjusted EPS of $0.92 slightly beat analyst expectations. Colgate maintained its global leadership in oral care in 2025, holding a 41.1% share of the toothpaste market and a 32.4% share of the manual toothbrush market. For the current fiscal year 2025, ending in December, analysts expect CL to report a 1.9% year-over-year increase in adjusted EPS to $3.67. The company has a solid earnings surprise history. It has surpassed the Street's bottom-line estimates in each of the past four quarters. The stock holds a consensus 'Moderate Buy' rating overall. Of the 20 analysts covering the CL stock, opinions include 10 'Strong Buys,' two 'Moderate Buys,' six 'Holds,' and two 'Strong Sells.' This configuration is more bearish than three months ago, when the stock had 11 'Strong Buy' ratings. On August 4, Citigroup Inc. (C) analyst Filippo Falorni reaffirmed a "Buy" rating on Colgate-Palmolive but lowered the price target from $108 to $105, reflecting a 2.8% reduction. CL's mean price target of $98 represents a premium of 17.6% to current price levels, while its Street-high target of $108 suggests a 29.6% potential upside. On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data

Modi was ready to 'make India great again,' then Trump put America first
Modi was ready to 'make India great again,' then Trump put America first

NBC News

time16 minutes ago

  • NBC News

Modi was ready to 'make India great again,' then Trump put America first

The U.S. and India 's blossoming friendship is at risk of falling to pieces, observers have warned, as President Donald Trump threatens to substantially increase tariffs on Indian goods over its purchases of Russian oil. At the start of the year, India seemed to be one of the countries most likely to win Trump's favor, given its growing role as an Asian counterweight to China and Trump's close relationship with its leader, Prime Minister Narendra Modi. But U.S. relations with India have instead come under strain over trade and other issues. Trump has threatened Apple and other companies that manufacture in India, moved closer to its biggest rival, Pakistan, and mocked India's 'dead' economy. 'He's threatening to undo, or at least hit pause on, what has been two decades of steadily improving relations between India and the U.S.,' said Dhruva Jaishankar, executive director of the Observer Research Foundation America, a nonprofit group in Washington. On Monday, citing India's 'massive' purchases of Russian oil, Trump said he would 'substantially' increase the U.S. tariff on Indian imports, which is already one of the highest among Asian countries at 25%. Along with China, India is a top purchaser of Russian crude oil sanctioned by Western governments after Moscow's 2022 invasion of Ukraine. In a sharp response, India, a major U.S. security partner, said such criticism was 'unjustified and unreasonable' and that it bought Russian oil with U.S. support. 'India began importing from Russia because traditional supplies were diverted to Europe after the outbreak of the conflict,' the Ministry of External Affairs said in a statement Monday. 'The United States at that time actively encouraged such imports by India for strengthening global energy markets stability.' The White House did not immediately respond to a request for comment. U.S.-India tensions are mounting domestic political pressure on Modi, with opponents accusing him of failing to stand up to his 'dear friend' Trump. 'The country is now bearing the cost of Narendra Modi's 'friendship,'' the opposition Congress party said last week. 'I don't want you building in India' It was a different picture in February, when Modi was among the first world leaders to visit the White House after Trump returned to office. Mirroring Trump, he said he too would 'make India great again.' The bonhomie did not last long. Since then, Trump has needled India over a number of issues, including billions in investment by American companies as they shift manufacturing from China. Last quarter, India produced 44% of U.S. smartphone imports, more than any other country including China, according to data from the research firm Canalys. That includes iPhones sold in the U.S., the majority of which Apple chief executive Tim Cook says will have India as their country of origin starting this quarter. 'I don't want you building in India,' Trump said he told Cook in May, urging him to produce phones in the U.S. instead, despite the difficulties. Cozying up to India's foe A terrorist attack in Indian-controlled Kashmir that killed 26 people in April is another source of friction in U.S.-India relations. India responded by bombing neighboring Pakistan, which it has long accused of harboring terrorists, resulting in a four-day conflict that threatened to explode into a broader war fueled by decades of tensions between the two nuclear-armed countries. Trump irked India by repeatedly claiming that he had personally brokered a ceasefire. While Islamabad thanked Trump for mediating, India rejected claims of U.S. involvement, including in a call between Modi and Trump. 'India has not endorsed Trump's claim,' said Amitendu Palit, a former Indian finance ministry official and a senior research fellow at the Institute of South Asian Studies at the National University of Singapore. 'That has not gone down very well with Trump,' he said. Within weeks, Trump hosted Pakistan's powerful army chief at the White House in an unprecedented meeting. He has also imposed a lower tariff rate on Pakistan of 19% and said the U.S. had reached a deal with Pakistan on exploring its oil reserves. Squeezed over Russia As Trump has expressed growing frustration with Russian President Vladimir Putin, he has turned his attention to India's relationship with Moscow. For years, New Delhi has benefited from its 'non-aligned' foreign policy, which allowed India to strengthen U.S. ties while continuing its longstanding relationship with Russia, one of its main suppliers of energy and military equipment. When Russian oil was hit with Western-led sanctions over Ukraine, India — the third-largest energy consumer in the world after China and the U.S. — seized the opportunity to buy it at a discount, which even U.S. officials said helped stabilize global oil prices. 'They bought Russian oil because we wanted somebody to buy Russian oil,' Eric Garcetti, the U.S. ambassador to India under former President Joe Biden, said at a conference last year. 'It was actually the design of the policy, because as a commodity we didn't want oil prices going up.' The U.S. position on India's oil purchases appears to have reversed under Trump, who said in a social media post last week that India and Russia 'can take their dead economies down together.' 'We are now at a stage where the American ability to control Russia and its allies is beginning to impact India,' Palit said. Jaishankar said that while Trump's actions won't push India out of America's orbit, they could drive India to strengthen ties with other countries such as China. During a meeting of their foreign ministers in Beijing last month, India and China agreed to resume direct flights between their countries for the first time in five years. Despite the recent setbacks in their relationship, India will continue to engage with the U.S. as a key strategic and technological partner, said Chietigj Bajpaee, a senior research fellow for South Asia at Chatham House, a London-based think tank. 'But I think it's a wake-up call of sorts,' he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store