Levi Shares Slip Despite Earnings Beat
Levi Strauss & Co. shares dropped after hours Wednesday. The denim company lifted its full-year outlook and beat estimates, but investors didn’t seem impressed after the stock’s hot streak.
Dow Slips After Hours on Iran News, Nasdaq Still Up
Dow Jones dropped over 500 points Wednesday as rising U.S.-Iran tensions sent oil prices up and put sticky inflation worries back in play. The index fell 577.18 points, or 1.09%, to end at 52,347.97, snapping part of its recent surge. The S&P 500 slipped 0.28%. Nasdaq Composite edged up 0.20%.
Broadcom (NASDAQ:AVGO) holds supplier deal, waits on AI gains
Broadcom’s latest rally is all about the longer timeline. Apple for the first time put a number on a supply extension Broadcom had already flagged with U.S. regulators. According to Broadcom’s SEC filing, the two are set to work into 2031, supplying custom ASIC silicon for new generations of Apple products. Apple now says the extended deal could add up to more than $30 billion, with the hope of making over 15 billion U.S.-made chips.
Penguin Solutions (PENG) trades near highs after AI memory beat, but cash burn still weighs
Penguin Solutions shares surged, not on renewed AI hype, but after the company posted a strong revenue beat driven by memory sales and boosted its full-year outlook, leaving the previous forecast outdated in just one quarter.
Palantir (NASDAQ:PLTR), Nvidia (NASDAQ:NVDA) move revives $331B government AI valuation debate
Palantir Technologies is seeing less talk about being “too cheap” after the stock fell. Now, questions are more about if its fresh Nvidia Corp partnership can move government revenue up fast enough to support the stock’s high multiple.
Joby stock: $8 floor matters for Toyota JV, cash runway
Joby Aviation isn’t getting much help from the Toyota Motor Corporation partnership. Shares finished Tuesday at $8.12, down from a $9.43 high on Monday. Trading stayed active, but the price slipped toward the 52-week low. Not much follow-through here, and for a business that hasn’t launched its main product, that’s what investors are watching—not the press releases.
Super Micro (NASDAQ:SMCI) trails other AI names as shares drop below June sale price
Super Micro Computer, Inc. dropped 2.8% to $26.44 on Tuesday. That’s under the $27.50 level where it sold 45,454,545 common shares in June. Shares topped out at $26.96 during the session—still short of the sale price.
Sandisk (NASDAQ:SNDK) shares slide as memory bull cash-flow hopes tested
Sandisk stock dropped about 8.5% to $1,596.75 in morning trading on Nasdaq. That pullback hit a rally that The Motley Fool had pegged at 635% for the year as of Tuesday, down from a peak of 884%. Now investors are looking at whether slower NAND price hikes can still keep margins up if demand stays contracted.
Select Medical (NYSE:SEM) last trade ends above buyout as Gulfport takes S&P spot
NYSE was running normal hours at the dateline. July 7 isn’t a scheduled 2026 exchange holiday. Select Medical Holdings Corporation was off the board after being taken private by a group led by Executive Chairman Robert A. Ortenzio, Martin F. Jackson, and Welsh, Carson, Anderson & Stowe. The company told the NYSE to halt trading before the open on July 1.
Bluejay Diagnostics stock rally meets a June warrant wall after pre-market churn
Bluejay Diagnostics, Inc. jumped before the open on Tuesday. The rally put a tiny diagnostics stock back on active trader screens, but the sharper point was the financing math sitting above the tape.
ServiceNow (NYSE:NOW) moves higher before bell, but light trading keeps rebound in check
ServiceNow moved up ahead of Tuesday’s open. Volume is more telling here for investors. The stock was up on Monday and ticked higher in the premarket, but it still hasn’t broken through the longer-term trend line overhead.
Lucid Group (NASDAQ:LCID) up after $800 million Saudi loan puts spotlight on cash burn
Lucid Group, Inc. gained in premarket trading Tuesday after a July 6 filing showed it pulled another $800 million from its Saudi-backed credit facility. Shares traded at $6.66 at 8:04 a.m. EDT, up 9.5% from Monday’s close. The company’s market cap was around $2.19 billion.
Apple (NASDAQ:AAPL) foldable iPhone seen in short supply, not mass rollout
Apple Inc. is offering what analysts call a scarcity trade with its first foldable iPhone. The phone could sell for more than twice the price of a Pro model, but with shipping volumes too low to have much near-term impact on Apple’s top line. That setup is intentional. Ming-Chi Kuo at TF International Securities said foldable iPhone shipments might come in at just 0.5 million to 1 million units in the third quarter, compared to 20 million to 22 million units for the iPhone 18 Pro and Pro Max. With a launch price between $2,300 and $2,500, that adds up to $1.15 billion to $2.5 billion in possible retail sales for the quarter.
Ondas stock gains after DZYNE deal, share supply in focus
Ondas Inc. goes into Tuesday’s pre-market with the focus more on how soon the new shares will be available, not just the size of the DZYNE Technologies acquisition the company just did with stock.
Walmart cuts prices as suppliers, Kroger watch beef rollback after Trump comment
Walmart Inc cut prices on thousands of summer items this week. But a look at the retailer’s catalog suggests the much-hyped “beef war” story isn’t as big for investors as Walmart’s wider push to discount soda, produce, and meat in its clubs.
Samsung Electronics (KRX:005930) sets profit record but Kospi drops as AI chip stocks slide
South Korea's chip market tumbled on Tuesday even with Samsung Electronics Co reporting record numbers. The company said it expects second-quarter operating profit of about 89.4 trillion won, up from 57.23 trillion won in Q1 and 4.68 trillion won a year ago. Sales guidance was about 171 trillion won, up from 133.87 trillion won last quarter and 74.57 trillion won in the same period last year.
IBM (NYSE:IBM) rally trims gap to consensus as BofA looks for Confluent boost
International Business Machines Corporation climbed $10.00 to close at $299.52 Monday, up 3.45%. That topped the S&P 500’s 0.72% gain and the Dow’s 0.29% rise. The move put about $9.4 billion on IBM’s market cap, using Google Finance’s figure of 939.88 million shares.
Meta Platforms (NASDAQ:META) stock beats Nasdaq as AI cash-flow forecast tightens
Meta Platforms Inc ended Monday up 2.98% at $600.29, outpacing the Nasdaq Composite’s 1.12% gain and the S&P 500’s 0.72% rise. The stock traded between $581.76 and $603.58, with volume of about 17.06 million shares, close to its 65-day average.
ZIM falls as Hapag-Lloyd merger spread widens on Israel veto risk
ZIM Integrated Shipping Services Ltd. dropped sharply Monday after Israel’s Defense Ministry came out against the planned takeover by Hapag-Lloyd AG. Shares stayed far under the agreed buyout price, while container freight indexes gained.
SoundHound AI (NASDAQ:SOUN) call activity spikes with shares testing $7 floor
SoundHound AI, Inc. jumped 6.26% to finish at $6.96 Monday. Volume hit 28.69 million shares, sitting a bit above its 65-day average. That move outpaced late-session gains in Invesco QQQ Trust and iShares Russell 2000 ETF, up 1.7% and 0.6% before the close. Trading resumed after Nasdaq’s July 3 Independence Day holiday.
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