Welcome to Extreme Investor Network, where we provide you with the latest and most valuable information in the world of finance. Today, we’re taking a look at some of the top companies making headlines before the bell rings.
First up, we have Trump Media & Technology, the parent company of Truth Social, which saw a more than 50% increase in its share price following the attempted assassination of former President Donald Trump. Some speculate that this event could boost Trump’s chances in the upcoming election.
Apple shares also saw a 2% increase after Loop Capital upgraded the tech giant to a buy rating. The company’s upcoming AI integrations create an opportunity for Apple to become the go-to choice for generative AI.
Next, Super Micro Computer, a maker of GPU servers, rose 3.6% after the announcement that it will replace Walgreens Boots Alliance in the Nasdaq 100 index.
Goldman Sachs slipped less than 1% despite posting second-quarter earnings that beat expectations. Crypto stocks also saw a rise as bitcoin and Ethereum gained more than 4%.
SolarEdge Technologies, however, saw a 9% dip after announcing plans to lay off 400 employees to restore profitability. Other solar stocks, such as Sunrun and Sunnova Energy, also experienced declines.
On the other hand, Tesla’s stock rose 4%, continuing its impressive gains for the month. AutoNation shares declined slightly due to a cyber incident with a third-party provider.
BlackRock shares rose 1.2% after the asset manager posted second-quarter earnings that beat estimates. Baxter International, a medical products company, fell over 2% after being downgraded by Morgan Stanley.
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