BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↓ 36.78% for Week of JUL 24 2025

Market Wrap:

• Futures pop: S&P +0.7%, Nasdaq +1%, Dow +89pts (0.2%)
• Microsoft & Meta soar >8% and >11% on strong earnings
• US–South Korea trade deal sets tariffs at 15%
• Fed holds rates; Powell says no September decision yet
• Two Fed governors dissent on rate hold
• S&P & Dow slip; Nasdaq ekes out gain
• PCE inflation and jobless claims due today

EARNINGS

Here’s what we’re watching this week. (*) indicates before the bell

• Today: *Roblox $RBLX ( ▲ 2.33% ), Strategy $MSTR ( ▲ 6.09% ), Roku $ROKU ( ▲ 3.98% )

  • Amazon.com $AMZN - $1.32 eps (+4.8% YoY) on $162B revenue (+9.5% YoY)

  • Apple $AAPL ( ▲ 1.27% ) - $1.41 eps (+ 0.7% YoY) on $90.7B revenue (+5.7% YoY)

• FRI: *Chevron $CVX ( ▲ 1.69% ), Exxon Mobil $XOM ( ▲ 1.88% )

See full calendar here »

A MESSAGE FROM ERIC FRY

I'm a Futurist: Here are 3 Stocks Better than Nvidia

Nvidia's own customers could soon become fierce competitors, dethroning the AI Chip King. But there's a critical component that AI data centers need just as badly as chips. The demand is so massive that a single data center uses enough of it to stretch around the earth eight times. While the media hypes up AI chips, the smart money has found the next big thing. Discover Futurist Eric Fry's "Nvidia-killer" stock ideas.

HEADLINES

Fed Keeps Interest Rates Unchanged for Fifth-Straight Time

The White House is Pushing to Embed Crypto Everywhere, from Taxes to Retirement

• S&P closes lower, Dow drops more than 150 points as Fed not ready to cut (more)

• The GDP report's case for rate cuts (more)

• Trump announces: 25% tariff on India plus ‘penalty’ for trade with Russia (more)

  • Trade deal with South Korea featuring 15% tariff rate (more)

• Trump slaps universal 50% tariff on copper imports; metal’s price plunges (more)

• Trump ends de minimis exemption for global low-cost goods (more)

• Bessent says 'not to panic' over tariff rate surges on Aug. 1 (more)

• Price increases arrive from P&G, Adidas, others as tariffs hit home (more)

• Automakers are eating the cost of tariffs — for now (more)

• Microsoft and Meta fuel $500-billion gain in AI stocks (more)

  • Microsoft tops $4 trillion in market cap after hours, joining Nvidia (more)

• Figma prices IPO at $33, above expected range (more)

• Meta shares jump on revenue beat, raised forecast (more)

  • Zuck unveils vision for each person having their own 'superintelligence' (more)

• Robinhood reports 2nd-quarter earnings beat with revenue climbing 45% (more)

TOGETHER WITH PACASO

Former Zillow exec targets $1.3T

The top companies target big markets. Like Nvidia growing ~200% in 2024 on AI’s $214B tailwind. That’s why the same VCs behind Uber and Venmo also backed Pacaso. Created by a former Zillow exec, Pacaso’s co-ownership tech transforms a $1.3 trillion market. With $110M+ in gross profit to date, Pacaso just reserved the Nasdaq ticker PCSO.

Invest for $2.90/Share

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

DEALFLOW

M+A | Investments

• Palo Alto Networks to acquire CyberArk for ~$25B

• Verisk acquires AccuLynx for $2.35B

• AbbVie in talks to acquire Gilgamesh Pharmaceuticals

• Evercore to acquire Robey Warshaw for $196M

• Growers Edge buys FarmTest

• Bonsai Robotics acquires farm-ng

VC

• Ramp, a financial operations platform, raised $500M in Series E-2 funding, at $22.5B valuation

• Observe, an AI-powered observability platform, raised $156 M in Series C funding

• Motive, an AI-powered Integrated Operations Platform for the physical economy, raised $150 M in funding

• Oxide Computer Company, an on-prem cloud computing company, raised $100 M in Series B funding

• Legion, an AI Security Operations Center platform, emerged from stealth with $38 M in Seed and Series A funding

• Prophet Security, an agentic AI for security operations centers, raised $30M in a Series A funding

• C8 Health, a practices implementation platform for healthcare, raised $12M in Series A funding

• Tzafon, a company building action oriented AI agents, raised $9.7M in Pre-Seed funding

• Runloop, an enterprise-grade infrastructure platform for developing AI coding agents, raised $7M in Seed funding

• North Pole Security, an enterprise‑grade endpoint protection platform for macOS, raised $4 M in Seed funding

• Caseflood.ai, a human-assisted AI intake team for law firms, raised $3.2 M in funding

• Emulait, a science-led infant feeding brand, raised $3 M in Media‑for‑Equity investment

• AIRIA, an operational AI company turning real-time signal data into actionable spatial intelligence, raised undisclosed Seed funding

CRYPTO

• Trump White House releases long-promised crypto report (more)

• Strategy buys 21K Bitcoin with 2025’s biggest public offering (more)

• Hong Kong’s stablecoin regime to begin after US sets pace (more)

BULLISH BITES

🚨 Why AMZN, GOOG, MSFT might destroy NVDA * 

😳 The Gen Xers who waited their turn to be CEO are getting passed over.

⚖️ ‘Andy Bryon suing Coldplay’ trend after legal rumors surfaces.

🍵 First came tea. Then came the male rage.

🏖 The Robb Report's 50 greatest luxury hotels on Earth.

DAILY SHARES

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