Closing Bell Movers: Victory Capital gains on S&P 400 inclusion
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.
Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Financials, Materials, and Health Care led the S&P 500 to the downside, while Tech – particularly large/mega-cap – remained resilient. Nvidia (NVDA) made new all-time highs with a 4% gaining session and 5 out of 7 Mag-7 names ended the day higher despite the selloff in the broader index. Reporting financials, especially Blackrock (BLK) and Wells Fargo (WFC) were softer after their Q2 numbers. Sentiment was also weighed down by the uptick in June CPI data, with expectations of the start of Fed easing by September no longer looking like a slam dunk, according to Fed Funds futures markets.
Check out this evening's top movers from around Wall Street, compiled by The Fly.
HIGHER –
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Insider
18 minutes ago
- Business Insider
Netflix's price hikes and ad tier will fuel a record quarter, analysts say
Netflix seems poised for a record-setting quarter, even as its crackdown on freeloaders cools off. Wall Street expects Netflix to report a best-ever $11.1 billion in revenue and $7.08 in earnings per share when it shares second-quarter results on Thursday, based on consensus estimates compiled by S&P Global. That would be up from first-quarter marks of $10.5 billion and $6.61, respectively. Analysts think Netflix's primary growth drivers this quarter will be the price increases it implemented earlier this year and its budding advertising tier. That tier drove nearly half of Netflix's subscriber growth in the US in the first five months of 2025, according to data firm Antenna. The fast-growing, cheaper plan is on a strong trajectory and could eventually bring in more revenue per user than the ad-free tier, S&P Global media analyst Melissa Otto told Business Insider. Price hikes and its ad tier have become Netflix's main growth catalysts as its password-sharing clampdown runs its course. The streaming giant shattered its subscriber growth record in 2024 when it stopped people from sharing passwords. It generated 41 million net sign-ups last year, including 18.9 million in the fourth quarter. However, Netflix has likely picked most of that low-hanging fruit. The company no longer shares its subscriber count, though Antenna estimates that its gross monthly additions have leveled off in the US. Its US resubscribe rate has also rebounded, which implies that it's getting fewer first-time sign-ups. "Netflix has largely run out of individuals who were motivated to pay for Netflix for the first time because they lost access via another household's account," Antenna analysts wrote this week. A Netflix spokesperson declined to comment ahead of earnings. Life after the password-sharing crackdown Netflix analysts are confident that the company can keep growing despite the benefits from its password crackdown wearing off. "We continue to view Netflix as well-positioned given the company's unmatched scale in streaming, further runway for subscriber growth, significant opportunities in advertising, and sports/live," Bank of America's Jessica Reif Ehrlich wrote in a mid-July note. Netflix should benefit from a strong second-half content slate that includes new seasons of hits "Wednesday" and "Stranger Things" as well as "Happy Gilmore 2" and a pair of live NFL games on Christmas, Reif Ehrlich wrote. It also has momentum from the new season of "Squid Game." And although Netflix has lost viewership ground to YouTube in the last year, it's still crushing its paid peers. Its viewership share is about as much as Disney+, Hulu, and Amazon Prime Video combined. "The viewership data has been strong, suggesting that engagement's good," UBS media analyst John Hodulik told BI. He added that this means cancellations should remain low. Games could be another growth lever. Netflix hasn't mastered gaming yet, but many of its rivals aren't even trying. "No one's really cracked the code on the streaming gaming, and it would seem that Netflix may be in a great position for that," Otto said.
Business Insider
33 minutes ago
- Business Insider
RBC Capital Remains a Buy on Optima Health PLC (OPT)
In a report released on July 15, Tania Maciver from RBC Capital maintained a Buy rating on Optima Health PLC, with a price target of p225.00. The company's shares closed yesterday at p194.00. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, Maciver is a 4-star analyst with an average return of 22.1% and a 76.47% success rate. The word on The Street in general, suggests a Hold analyst consensus rating for Optima Health PLC.
Business Insider
33 minutes ago
- Business Insider
RBC Capital Sticks to Its Hold Rating for James Hardie (JHIUF)
In a report released yesterday, Matt McKellar from RBC Capital maintained a Hold rating on James Hardie, with a price target of A$41.00. The company's shares closed last Thursday at $26.00. 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. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. According to TipRanks, McKellar is a 3-star analyst with an average return of 3.5% and a 44.19% success rate. McKellar covers the Basic Materials sector, focusing on stocks such as Clearwater Paper, Mercer International, and Rayonier Advanced Materials. James Hardie has an analyst consensus of Moderate Buy, with a price target consensus of $29.01.
