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Android Authority
19 minutes ago
- Android Authority
Time is running out for these Samsung Galaxy Watch 8 pre-order deals
C. Scott Brown / Android Authority Are you thinking of getting a new Samsung smartwatch? The Galaxy Watch 8 and Galaxy Watch 8 Classic are about to launch, tomorrow, but you can still sign up for some nice pre-order offers. You will get $50-$100 in credits. Buy the Samsung Galaxy Watch 8 and get a free $50 credit Buy the Samsung Galaxy Watch 8 Classic and get a free $100 Amazon gift card These offers are available from Amazon, but they are a little different. With the Galaxy Watch 8, you get an Amazon credit. This means that the $50 is just deposited into your account automatically. The Galaxy Watch 8 Classic comes with a $100 Amazon gift card, which you have to manually redeem. Samsung Galaxy Watch 8 Samsung Galaxy Watch 8 40mm + $50 promotional credit Samsung Galaxy Watch 8 40mm + $50 promotional credit Brighter display, better battery life The Samsung Galaxy Watch 8 offers a new 'squircle' look, with new band attachments, backed by new software, a 50% brighter display over last year's model, and a slightly larger battery. The watch is available in four configurations: a 40mm display in Wi-Fi or LTE and a 44mm display in Wi-Fi or LTE. See price at Amazon Save $50.00 With Coupon! The Samsung Galaxy Watch 8 adopts a new design, with a more square bezel and circular screen that more closely resembles the Galaxy Watch Ultra's look. Love it or hate it, it certainly makes it stand out from most other smartwatches. It's also 11% thinner. While thinner, it still features an IP68 rating, so it is resistant to both water and dust. So much that it even gets a 50ATM rating, which means you can submerge it as deep as 50 meters. Additionally, it gets a MIL-STD-810H certification. In short: this thing can take a beating! Build quality aside, it is a really fun watch to use. You get a large 1.47-inch Super AMOLED panel with a whopping 3,000 nits of brightness. This is comparable to the highest-end smartwatches available. And the 480 x 480 resolution is sharp and 327ppi (pixels per inch). You'll also get a pretty nice 30-hour battery life when the always-on display feature is enabled. If you disable it, it gets extended to 40 hours. Samsung Galaxy Watch 8 Classic Samsung Galaxy Watch 8 Classic + $100 Amazon Gift Card Samsung Galaxy Watch 8 Classic + $100 Amazon Gift Card Going squircle, still Classic The Samsung Galaxy Watch 8 Classic continues the Classic lineage but with a squircle redesign. Available in Wi-Fi and LTE, with a 3,000 nit display and big 445mAh battery, enjoy all of the best Samsung smartwatch software experiences in style. See price at Amazon Save $100.00 The Samsung Galaxy Watch 8 is fantastic, but the Galaxy Watch 8 Classic is even better. Let's go over the benefits of upgrading. For starters, the Samsung Galaxy Watch 8 Classic offers a more refined design that looks more like a traditional watch. The frame is made of stainless steel instead of aluminum. It also has twice as much storage, at 64GB. This one also features a rotating bezel that provides a more interesting way to interact with the smartwatch. Not everyone will deem these improvements worthy, but if you do, the $100 gift card makes this a more enticing upgrade. The retail price is $150 higher, though. Again, these offers are pre-order deals, and both smartwatches will be released tomorrow. You might want to secure your free gift card while you can!
Yahoo
38 minutes ago
- Yahoo
S&P 500 and Nasdaq 100 Post Record Highs on Tech Stock Strength
The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.70%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.25%. September E-mini S&P futures (ESU25) rose +0.09%, and September E-mini Nasdaq futures (NQU25) rose +0.33%. Stock indexes on Thursday settled mostly higher, with the S&P 500 and Nasdaq 100 posting new all-time highs. Earnings results from Alphabet showed solid demand for artificial intelligence and bolstered confidence in technology stocks, which rose after the company reported better-than-expected Q2 revenue. Stocks added to their gains on signs of resilience in the US labor market, following the unexpected decline in weekly initial unemployment claims to a 3-month low. More News from Barchart NVDA Broken Wing Butterfly Trade Targets A Profit Zone Between 150 and 160 Is Opendoor Stock a Buy at New 52-Week Highs? Can Lucid Motors Stock Hit $7 in 2025? Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. On the negative side, Tesla closed down more than -7% after reporting its biggest revenue decline in at least ten years and CEO Musk warning of a "rough patch" for the company for the next year or more. Also, IBM fell more than -7% to weigh on the Dow Jones Industrials after reporting weaker-than-expected Q2 software revenue. In addition, signs of weakness in US manufacturing activity are bearish for stocks after the July S&P US manufacturing PMI fell -3.4 to 49.5, weaker than expectations of 52.7 and the weakest level in 7 months. US weekly initial unemployment claims unexpectedly fell -4,000 to a 3-month low of 217,000, showing a stronger labor market than expectations of an increase to 226,000. The US June Chicago Fed national activity index rose +0.06 to -0.10, stronger than expectations of -0.15. US June new home sales rose +0.6% m/m to 627,000, weaker than expectations of +4.3% m/m to 650,000. The markets are awaiting President Trump's August 1 deadline for trade deals to avoid high tariffs. Last Wednesday, Mr. Trump announced that he intends to send a tariff letter to more than 150 countries, notifying them that their tariff rates could be 10% or 15%, effective August 1. As an update, Mr. Trump late Wednesday said, "We'll have a straight, simple tariff of anywhere between 15% and 50%," an indication that the floor for tariffs is rising and suggesting that he would not go below 15%. The markets this week will focus on any tariff news, along with the announcement of any new trade deals. On Friday, June capital goods new orders nondefense ex-aircraft and parts are expected to increase by +0.2% m/m. Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 63% at the following meeting on September 16-17. The markets this week absorbed a heavy slate of quarterly corporate earnings, with reports from about one-fifth of the companies in the S&P 500. Early results now show S&P 500 earnings are on track to rise +3.2% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research. Overseas stock markets on Thursday settled higher. The Euro Stoxx 50 closed up +0.20%. China's Shanghai Composite closed up +0.65%. Japan's Nikkei Stock 225 climbed to a new 1-year high and closed up sharply for a second session by +1.59%. Interest Rates September 10-year T-notes (ZNU25) Thursday closed down -6 ticks. The 10-year T-note yield rose by +3.2 bp to 4.412%. T-notes were under pressure on Thursday due to reduced safe-haven demand for government securities, as optimism grew that the US would reach more trade deals with its trading partners following the clinching of a deal with Japan on Wednesday. Also, Bloomberg News reported on Wednesday that the US and EU are closing in on a trade deal. T-notes dropped to their lows Thursday after weekly US jobless claims unexpectedly fell to a 3-month low, a sign of labor market strength that is hawkish for Fed policy. However, T-notes recovered from their worst levels Thursday after June new home sales rose less than expected and the US manufacturing PMI unexpectedly fell to a 7-month low, dovish factors for Fed policy. European government bond yields on Thursday finished mixed. The 10-year German bund yield rose to a 1-week high of 2.711% and ended up +6.3 bp to 2.702%. The 10-year UK gilt yield fell -1.3 bp to 4.622%. The Eurozone July S&P manufacturing PMI rose +0.3 to a 3-year high of 49.8, right on expectations. The Eurozone July S&P composite PMI rose +0.4 to 51.0, stronger than expectations of +0.1 to 50.7 and the strongest level in 11 months. Eurozone Jun new car registrations fell -7.3% y/y to 1.010 million units, the largest decline in 10 months. The German Aug GfK consumer confidence index unexpectedly fell -1.2 to a 4-month low of -21.5, weaker than expectations of an increase to -19.3. As expected, the ECB kept the deposit facility rate unchanged at 2.00%. The ECB said, "Inflation is currently at the 2% medium-term target," and the economy has so far proven resilient, but the environment remains uncertain due to trade disputes. ECB President Lagarde said the economic risks to the Eurozone are tilted to the downside, and a stronger euro could dampen inflation more than expected. Swaps are discounting the chances at 21% for a -25 bp rate cut by the ECB at the September 11 policy meeting. US Stock Movers The Magnificent Seven stocks, sans Apple and Tesla, rallied Thursday and supported gains in the broader market. Nvidia (NVDA), (AMZN), and Microsoft (MSFT) closed up more than +1%. Also, Alphabet (GOOGL) closed up +0.88%, and Meta Platforms (META) closed up +0.17%. West Pharmaceutical Services (WST) closed up more than +22% to lead gainers in the S&P 500 after reporting Q2 net sales of $766.5 million, well above the consensus of $726.1 million, and raising its full-year net sales forecast to $3.04 billion-$3.06 billion from a previous forecast of $2.95 billion-$2.98 billion, stronger than the consensus of $2.96 billion. United Rentals (URI) closed up more than +8% after reporting Q2 revenue of $3.94 billion, above the consensus of $3.90 billion, and said it was adding $400 million to its stock buyback program. Labcorp Holdings (LH) closed up more than +6% after reporting Q2 revenue of $3.53 billion, better than the consensus of $3.49 billion, and raising its full-year adjusted EPS estimate to $16.05-$16.50 from a previous estimate of $15.70-$16.40. T-Mobile US (TMUS) closed up more than +5% to lead gainers in the Nasdaq 100 after reporting Q2 total postpaid net customers of 1.77 million, above the consensus of 1.34 million, and raising its full-year postpaid net customers forecast to 6.1 million-6.4 million from a previous estimate of 5.5 million-6.0 million, better than the consensus of 5.94 million. ServiceNow (NOW) closed up more than +4% after reporting Q2 subscription revenue of $3.11 billion, above the consensus of $3.04 billion, and raising its full-year subscription revenue forecast to $12.78 billion-$12.80 billion from a previous forecast of $12.64 billion-$12.68 billion, stronger than the consensus of $12.68 billion. Las Vegas Sands (LVS) closed up more than +4% after reporting Q2 net revenue of $3.18 billion, well above the consensus of $2.83 billion. A O Smith (AOS) closed up more than +3% after boosting its full-year net sales forecast to $3.85 billion-$3.93 billion from a previous forecast of $3.80 billion-$3.90 billion, better than the consensus of $3.86 billion. LKQ Corp (LKQ) closed down more than -17% to lead losers in the S&P 500 after reporting Q2 adjusted EPS continuing operations of 87 cents, weaker than the consensus of 93 cents. Dow Inc. (DOW) closed down more than -17% after reporting a Q2 adjusted operating loss per share of -42 cents, a much wider loss than the consensus of -18 cents. Molina Healthcare (MOH) closed down more than -16% after reporting Q2 adjusted EPS of $5.48, below the consensus of $5.52, and cutting its full-year adjusted EPS forecast to at least $19.00 from a previous estimate of $21.50-$22.50, weaker than the consensus of $22.08. Chipotle Mexican Grill (CMG) closed down more than -13% after reporting Q2 comparable sales fell -4%, weaker than the consensus of -2.91%, and cutting its full-year comparable sales forecast to 0% from a previous forecast of low single-digits growth. Tesla (TSLA) closed down more than -7% to lead losers in the Nasdaq 100 after reporting Q2 revenue of $22.50 billion, below the consensus of $22.64 billion, and CEO Musk warning of a "rough patch" for the company for the next year or more. International Business Machines (IBM) closed down more than -7% to lead losers in the Dow Jones Industrials after reporting Q2 software revenue of $7.39 billion, weaker than the consensus of $7.49 billion. Southwest Airlines (LUV) closed down more than -11% after cutting its full-year EBIT to $600 million-$800 million from a previous estimate of $1.7 billion, saying it expects fallout from tariff turmoil to erase as much as $1 billion of its annual pre-tax profit this year. American Airlines Group (AAL) closed down more than -9% after reinstating annual earnings guidance for 2025 from an adjusted loss of -20 cents a share to a profit of 80 cents, with the midpoint well below the consensus of a 72-cent profit. Earnings Reports (7/25/2025) Aon PLC (AON), AutoNation Inc (AN), Booz Allen Hamilton Holding Co (BAH), Centene Corp (CNC), Charter Communications Inc (CHTR), Erie Indemnity Co (ERIE), First Citizens BancShares Inc/ (FCNCA), First Hawaiian Inc (FHB), Gentex Corp (GNTX), HCA Healthcare Inc (HCA), Lear Corp (LEA), OneMain Holdings Inc (OMF), Phillips 66 (PSX), Saia Inc (SAIA), Skechers USA Inc (SKX). On the date of publication, Rich Asplund 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
Yahoo
an hour ago
- Yahoo
Stock market today: S&P 500 notches 4th consecutive record as Google earnings fuel AI hopes
US stocks were mixed on Thursday, with the S&P 500 (^GSPC) notching its fourth record close in a row as tech earnings from Alphabet (GOOG) pointed to AI as a key growth catalyst. The tech-heavy Nasdaq Composite (^IXIC) rose 0.2% to also close at a fresh record, while the S&P 500 ended up just 0.1% higher. The Dow Jones Industrial Average (^DJI) dropped 0.6% amid a post-earnings slide in IBM (IBM) shares. Alphabet beat Wall Street's second quarter earnings expectations and doubled down on its AI spending spree. The Google parent's shares rose alongside other AI-linked stocks such as Nvidia (NVDA), helping buoy the tech-focused gauges. Read more: Full earnings coverage in our live blog But fellow "Magnificent Seven" stalwart Tesla's (TSLA) stock sank after an earnings miss, a continued slump in European sales, and a warning from CEO Elon Musk that the EV maker faced "rough quarters" as President Trump's budget bill kills off tax credits. Trade deal hopes continued to run high after the US-Japan pact helped fuel more records for the S&P 500 and Nasdaq Composite on Wednesday. The EU and US are closing in on an agreement that would impose a 15% tariff for most imports from Europe, instead of the 30% threatened, media reports said. Read more: The latest on Trump's tariffs That rate is emerging as a potential new baseline for the "reciprocal" tariffs set to kick in on Aug. 1, going by Trump's comments late Wednesday. Previously, the president had imposed a 10% baseline rate on countries as part of his sweeping April tariffs. Stocks closed mixed, but S&P 500 ekes out 4th consecutive record close, Nasdaq notches fresh high Stocks closed mixed on Thursday, but the S&P 500 (^GSPC) managed to end the day just above the flat line to close at its fourth record in a row for the week over optimism that AI is paying off for Big Tech players like Alphabet (GOOG). The Dow Jones Industrial Average (^DJI) dropped 0.6%, while the tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.2% to close at a fresh record. As Yahoo Finance's Dan Howley reports, Google parent Alphabet (GOOG, GOOGL) is finally starting to cash in on the billions of dollars it's spending on its rapid AI buildout. The company reported better-than-anticipated earnings, with CEO Sundar Pichai pointing to AI as a key growth catalyst for its various products. Meanwhile, Tesla (TSLA) shares declined 8% after the EV maker posted an earnings and revenue miss in the second quarter and CEO Elon Musk hinted at a "few rough quarters" amid mounting challenges for the automaker. Fed gives media tour ahead of Trump's visit to central bank headquarters Fed officials gave a media tour ahead of President Trump's visit to the central bank's headquarters this afternoon after weeks of mounting criticisms over a $2.5 billion renovation. Reporters posted images on social media on Thursday showcasing the renovation prior to the highly unusual presidential visit expected at the building on the National Mall, slated for 4 p.m. ET. The construction site tour is just one of numerous political pressure points Trump is putting on policymakers after publicly insulting Fed Chair Jerome Powell and calling for him to lower interest rates. Meanwhile, as Yahoo Finance's Jennifer Schonberger reports, the Fed just received a new legal headache Thursday when a money manager sued Powell and other central bank policymakers in a Washington, D.C., federal court. The lawsuit alleges the Fed is violating a 1976 federal law by keeping its monetary policy meetings behind closed doors. Apple's iOS 26 brings the most significant change to your iPhone in years Yahoo Finance's Dan Howley reports: Read more here. Southwest stock falls 11% after airline cuts profit forecast Southwest (LUV) stock tanked on Thursday after the airline's earnings results missed estimates. Shares fell over 12% as the earnings call with investors began. (You can listen to the full call here.) As Ines Ferré detailed below with American Airlines, Southwest was hit by a sluggish start to the peak summer travel season that translated to weak domestic travel demand and softer fares. Earlier on Thursday, Southwest CFO Tom Doxey told Yahoo Finance that the company's disappointing results were primarily caused by broader economic challenges, tariff uncertainty, and weaker consumer sentiment. Southwest lowered its full-year pre-tax profit (EBIT) guidance to $600 million-$800 million from the $1.7 billion forecast previously. 'There's an estimate of about $800 million to $1 billion in revenue degradation that has occurred as a result of the macro,' Doxey said. 'The number is large, but it is macro-driven.' Southwest also missed Wall Street estimates for Q2 profit. The company reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG. Read more about the latest earnings updates here. American Airlines stock tumbles as carrier cites 'tough' July for domestic travel American Airlines (AAL) stock slumped 6% on Thursday as the carrier echoed a trend seen with its peer Southwest (LUV) — weaker-than-expected domestic travel last quarter. "July has been tough, really hit hard by the uncertainty during the primary booking period," American CEO Robert Isom said during the company's earnings call on Thursday morning. The airline pointed out domestic revenue declined about 6% year over year over year in the three-month period ending in June. However, the company expects that July will be the low point and that performance will improve sequentially month over month. In other words, Americans financials will recover during the second half of the year. "Let's face it, the domestic network has been under stress because of the uncertainty in the economy and the reluctance of domestic passengers to get in the game," Isom said Read more here. It sounds like Trump now has a new minimum tariff rate: 15% Yahoo Finance's Ben Werschkul reports: Read more here. Stock watch: TKO Group + Netflix on Hulk Hogan news Reports have surfaced this afternoon that iconic wrestler Hulk Hogan has died at the age of 71. TMZ and The NY Post both reported the news. I would keep a close eye on TKO Group Holdings (TKO) on this one. The company is the holding company for WWE and UFC. Hogan, of course, is the most recognizable wrestler ever, bar none. I am curious about how the company honors Hogan in the months ahead, and the details could be shared on the company's Aug. 6 earnings call. I would also keep an eye on Netflix (NFLX) as WWE is exclusively streamed on there now. I suspect the upcoming Monday Night Raw episode may get more eyeballs than norma; following this news. Intel to report Q2 earnings as Wall Street looks for signs of turnaround Intel (INTC) will report its second quarter earnings on Thursday as the company's new CEO, Lip-Bu Tan, continues his attempt to turn around the ailing chip giant, Yahoo Finance's Dan Howley reports. Howley writes: Read more about Intel's upcoming earnings report here. Wall Street bullish on Alphabet as Search growth stays steady amid AI disruption fears Wall Street analysts were bullish on Alphabet stock following the Google parent's earnings, as Search revenue continued to climb despite fears of AI displacing the dominant search engine. "Another stable qtr for Search results increases our confidence in the AI transition and should ease concerns on a potential revenue reset," Bank of America analyst Justin Post wrote in a note. Post raised his price outlook on Google shares to $217 from $210. Post and other analysts noted that AI Overviews helped drive 10% more Search queries for the types of searches that the AI is used for. The Overviews has 2 billion monthly users, and the Gemini app has hit 450 million monthly active users. RBC Capital analyst Brad Erickson raised his price target on Google shares to $220 from $200, saying, "We still believe that GOOGL's AI competitors along with its own AI search tools are driving traffic headwinds across the internet, and yet, it is still finding a way to distribute enough intentful volume to grow the business plenty fast." Still, Alphabet has fallen short of giving hard dollar figures for its AI business while focusing on how the technology is driving growth in its existing businesses. Notably, analysts didn't seem discouraged by Alphabet raising its capital expenditure guidance for the year to $85 billion from $75 billion, driven by spending in infrastructure such as data centers and server equipment to power AI. Erickson said the company's "AI investment decisions are being made with clear ROI signals in front of it." Fed gets new legal headache with lawsuit seeking to make FOMC rate meetings public The Federal Reserve got a new legal headache Thursday when a money manager sued Chair Jerome Powell and other central bank policymakers in a Washington, D.C., federal court, arguing it is violating a 1976 federal law by keeping its monetary policy meetings behind closed doors, Yahoo Finance's Jennifer Schonberger reports. Schonberger writes: Read the full story here. UnitedHealth stock drops after company confirms DOJ investigation into Medicare billing practices UnitedHealth (UNH) stock fell as much as 2% early Thursday after the insurance giant disclosed in a regulatory filing Thursday morning that it is facing an investigation from the Department of Justice into its Medicare billing practices, Yahoo Finance's Jake Conley reports. Conley writes: Read the full story here. Stocks trade mixed at the open US stocks traded mixed on Thursday, as hopes lifted for a US-EU trade deal and Wall Street digested earnings results from tech giants Alphabet (GOOGL, GOOG) and Tesla (TSLA) as well as fresh labor market data. The Dow Jones Industrial Average (^DJI) dropped 0.6%, after the blue-chip index ended Wednesday just shy of tis first record close this year. The tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.3%, while the S&P 500 (^GSPC) climbed more than 0.1%. IBM stock slides after software sales disappoint International Business Machines stock (IBM) slid 6% ahead of the opening bell after second quarter sales in its core software segment were lower than expected and the company did not provide a forecast for the third quarter. IBM's software segment, which has traditionally been a bright spot, reported sales of $7.39 billion, missing analysts' average estimate of $7.41 billion, per Reuters. After a 30% run-up in the stock year to date, the company had little room to miss estimates. Still, IBM's adjusted earnings per share of $2.80 topped the Street's expectations, and its revenue of $16.98 billion for the quarter beat estimates of $16.59 billion. Companies' spending on artificial intelligence infrastructure spurred demand for IBM's latest AI-specialized mainframes. The infrastructure segment, which houses its mainframe, reported revenue of $4.14 billion, beating estimates of $3.81 billion. Read more here from Reuters. Jobless claims hit lowest level in three months Amid a quiet week of economic data, investors were greeted with yet another sign that the US labor market isn't flashing glaring alarm signals. Data from the Department of Labor released Thursday morning showed 217,000 initial jobless claims were filed in the week ending July 19, down 4,000 from the week prior and the lowest number of weekly filings since the week of April 12. After surging in May, weekly filings have consistently declined throughout the start of the summer. Meanwhile, 1.955 million continuing claims were filed, up about 4,000 from the week prior and hovering near the highest level seen since November 2021. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs. Tesla stock slides as Musk warns of a 'few rough quarters' Tesla's (TSLA) stock is sinking in premarket as a warning from CEO Elon Musk rings in investors' ears. Shares fell over 6% after Tesla posted an earnings miss, setting the stage for a tough stretch ahead. The automaker faces the end of EV incentives brought in by President Trump, alongside potential delays to its autonomous vehicle rollout. 'We probably could have a few rough quarters,' Musk said, per Bloomberg. Meanwhile, a report Thursday showed Tesla's sales in Europe fell in June for the sixth straight month, falling 23%. Tesla's finance chief flagged other challenges on a conference call with analysts. Yahoo Finance's Pras Subramanian reports: Read more here. The AI trade hasn't changed for Big Tech — and that's working for them Alphabet (GOOG, GOOGL) and Tesla (TSLA) kicked off Big Tech earnings on Wednesday afternoon, and Yahoo Finance's Hamza Shaban recaps what investors learned in today's Morning Brief: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending July 19) Chicago Fed national activity index (June); S&P Global US manufacturing PMI (July preliminary); S&P Global US services PMI (July preliminary); S&P global US composite PMI (July preliminary); New home sales (June) Earnings: American Airlines (AAL), Blackstone (BX), Deckers (DECK), Dow (DOW), Honeywell (HON), Intel (INTC), Keurig Dr Pepper (KDP), Nasdaq (NDAQ), Nokia (NOK), Southwest Airlines (LUV), Union Pacific (UNP) Here are some of the biggest stories you may have missed overnight and early this morning: Trump signals baseline hike in 'reciprocal' tariffs to 15% The AI trade hasn't changed for Big Tech — and that's working for them Trump to visit Fed HQ for refurb check as he battles with Powell Keurig Dr Pepper beats estimates but coffee inflation lurks Google beats on earnings, doubles down on AI spending spree Tesla stock sinks after earnings miss, 'rough' patch warning Chipotle plunges after company reports 2nd straight sales decline Goldman's trading desk touts cheap hedges against S&P 500 slide Meme stock rally has investors feeling 'invulnerable' Meme stock rally has investors feeling 'invulnerable' Retail investors with an appetite for risk are piling into speculative trades and creating a new roster of meme-stocks, helping power a broader rally in markets, Yahoo Finance's Jake Conley reports: Read more here. STMicro stock falls by most in a year after surprise loss STMicroelectronics (STM) delivered a double whammy in its earnings on Thursday: A surprise Q2 loss from restructuring charges and a disappointing outlook for Q3. US-listed stock in the European chipmaker slid over 10% in premarket trading, while its shares in Paris ( fell to their lowest in a year at one point, down 13%. Bloomberg reports: Read more here. Trending tickers: Chipotle Mexican Grill, T-mobile and Wolfspeed Here are some top stocks trending on Yahoo Finance in premarket trading: Chipotle Mexican Grill (CMG) stock fell 10% before the bell on Thursday after reporting another quarter of negative sales growth. The fast-casual restaurant chain posted results on Wednesday as it navigates an uncertain consumer environment and as its new leadership deals with the most challenging backdrop in years. T-mobile (TMUS) stock rose 5% premarket on Thursday after beating analyst estimates on Wednesday. The telecom group's CEO Mike Sievert told Yahoo Finance's executive editor Brian Sozzi that the company's steady value messaging is helping it to gain market share. Wolfspeed (WOLF) shares rose 18% before the bell. The chipmaker's stock reacted positively this week to the new US-Japan trade deal and has been up 13% over the last five days. The US-Japan trade deal boosts optimism for Wolfspeed as it supports Renesas' EV chip production, raising hopes for more deals with automakers like Jaguar Land Rover. Stocks closed mixed, but S&P 500 ekes out 4th consecutive record close, Nasdaq notches fresh high Stocks closed mixed on Thursday, but the S&P 500 (^GSPC) managed to end the day just above the flat line to close at its fourth record in a row for the week over optimism that AI is paying off for Big Tech players like Alphabet (GOOG). The Dow Jones Industrial Average (^DJI) dropped 0.6%, while the tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.2% to close at a fresh record. As Yahoo Finance's Dan Howley reports, Google parent Alphabet (GOOG, GOOGL) is finally starting to cash in on the billions of dollars it's spending on its rapid AI buildout. The company reported better-than-anticipated earnings, with CEO Sundar Pichai pointing to AI as a key growth catalyst for its various products. Meanwhile, Tesla (TSLA) shares declined 8% after the EV maker posted an earnings and revenue miss in the second quarter and CEO Elon Musk hinted at a "few rough quarters" amid mounting challenges for the automaker. Stocks closed mixed on Thursday, but the S&P 500 (^GSPC) managed to end the day just above the flat line to close at its fourth record in a row for the week over optimism that AI is paying off for Big Tech players like Alphabet (GOOG). The Dow Jones Industrial Average (^DJI) dropped 0.6%, while the tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.2% to close at a fresh record. As Yahoo Finance's Dan Howley reports, Google parent Alphabet (GOOG, GOOGL) is finally starting to cash in on the billions of dollars it's spending on its rapid AI buildout. The company reported better-than-anticipated earnings, with CEO Sundar Pichai pointing to AI as a key growth catalyst for its various products. Meanwhile, Tesla (TSLA) shares declined 8% after the EV maker posted an earnings and revenue miss in the second quarter and CEO Elon Musk hinted at a "few rough quarters" amid mounting challenges for the automaker. Fed gives media tour ahead of Trump's visit to central bank headquarters Fed officials gave a media tour ahead of President Trump's visit to the central bank's headquarters this afternoon after weeks of mounting criticisms over a $2.5 billion renovation. Reporters posted images on social media on Thursday showcasing the renovation prior to the highly unusual presidential visit expected at the building on the National Mall, slated for 4 p.m. ET. The construction site tour is just one of numerous political pressure points Trump is putting on policymakers after publicly insulting Fed Chair Jerome Powell and calling for him to lower interest rates. Meanwhile, as Yahoo Finance's Jennifer Schonberger reports, the Fed just received a new legal headache Thursday when a money manager sued Powell and other central bank policymakers in a Washington, D.C., federal court. The lawsuit alleges the Fed is violating a 1976 federal law by keeping its monetary policy meetings behind closed doors. Fed officials gave a media tour ahead of President Trump's visit to the central bank's headquarters this afternoon after weeks of mounting criticisms over a $2.5 billion renovation. Reporters posted images on social media on Thursday showcasing the renovation prior to the highly unusual presidential visit expected at the building on the National Mall, slated for 4 p.m. ET. The construction site tour is just one of numerous political pressure points Trump is putting on policymakers after publicly insulting Fed Chair Jerome Powell and calling for him to lower interest rates. Meanwhile, as Yahoo Finance's Jennifer Schonberger reports, the Fed just received a new legal headache Thursday when a money manager sued Powell and other central bank policymakers in a Washington, D.C., federal court. The lawsuit alleges the Fed is violating a 1976 federal law by keeping its monetary policy meetings behind closed doors. Apple's iOS 26 brings the most significant change to your iPhone in years Yahoo Finance's Dan Howley reports: Read more here. Yahoo Finance's Dan Howley reports: Read more here. Southwest stock falls 11% after airline cuts profit forecast Southwest (LUV) stock tanked on Thursday after the airline's earnings results missed estimates. Shares fell over 12% as the earnings call with investors began. (You can listen to the full call here.) As Ines Ferré detailed below with American Airlines, Southwest was hit by a sluggish start to the peak summer travel season that translated to weak domestic travel demand and softer fares. Earlier on Thursday, Southwest CFO Tom Doxey told Yahoo Finance that the company's disappointing results were primarily caused by broader economic challenges, tariff uncertainty, and weaker consumer sentiment. Southwest lowered its full-year pre-tax profit (EBIT) guidance to $600 million-$800 million from the $1.7 billion forecast previously. 'There's an estimate of about $800 million to $1 billion in revenue degradation that has occurred as a result of the macro,' Doxey said. 'The number is large, but it is macro-driven.' Southwest also missed Wall Street estimates for Q2 profit. The company reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG. Read more about the latest earnings updates here. Southwest (LUV) stock tanked on Thursday after the airline's earnings results missed estimates. Shares fell over 12% as the earnings call with investors began. (You can listen to the full call here.) As Ines Ferré detailed below with American Airlines, Southwest was hit by a sluggish start to the peak summer travel season that translated to weak domestic travel demand and softer fares. Earlier on Thursday, Southwest CFO Tom Doxey told Yahoo Finance that the company's disappointing results were primarily caused by broader economic challenges, tariff uncertainty, and weaker consumer sentiment. Southwest lowered its full-year pre-tax profit (EBIT) guidance to $600 million-$800 million from the $1.7 billion forecast previously. 'There's an estimate of about $800 million to $1 billion in revenue degradation that has occurred as a result of the macro,' Doxey said. 'The number is large, but it is macro-driven.' Southwest also missed Wall Street estimates for Q2 profit. The company reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG. Read more about the latest earnings updates here. American Airlines stock tumbles as carrier cites 'tough' July for domestic travel American Airlines (AAL) stock slumped 6% on Thursday as the carrier echoed a trend seen with its peer Southwest (LUV) — weaker-than-expected domestic travel last quarter. "July has been tough, really hit hard by the uncertainty during the primary booking period," American CEO Robert Isom said during the company's earnings call on Thursday morning. The airline pointed out domestic revenue declined about 6% year over year over year in the three-month period ending in June. However, the company expects that July will be the low point and that performance will improve sequentially month over month. In other words, Americans financials will recover during the second half of the year. "Let's face it, the domestic network has been under stress because of the uncertainty in the economy and the reluctance of domestic passengers to get in the game," Isom said Read more here. American Airlines (AAL) stock slumped 6% on Thursday as the carrier echoed a trend seen with its peer Southwest (LUV) — weaker-than-expected domestic travel last quarter. "July has been tough, really hit hard by the uncertainty during the primary booking period," American CEO Robert Isom said during the company's earnings call on Thursday morning. The airline pointed out domestic revenue declined about 6% year over year over year in the three-month period ending in June. However, the company expects that July will be the low point and that performance will improve sequentially month over month. In other words, Americans financials will recover during the second half of the year. "Let's face it, the domestic network has been under stress because of the uncertainty in the economy and the reluctance of domestic passengers to get in the game," Isom said Read more here. It sounds like Trump now has a new minimum tariff rate: 15% Yahoo Finance's Ben Werschkul reports: Read more here. Yahoo Finance's Ben Werschkul reports: Read more here. Stock watch: TKO Group + Netflix on Hulk Hogan news Reports have surfaced this afternoon that iconic wrestler Hulk Hogan has died at the age of 71. TMZ and The NY Post both reported the news. I would keep a close eye on TKO Group Holdings (TKO) on this one. The company is the holding company for WWE and UFC. Hogan, of course, is the most recognizable wrestler ever, bar none. I am curious about how the company honors Hogan in the months ahead, and the details could be shared on the company's Aug. 6 earnings call. I would also keep an eye on Netflix (NFLX) as WWE is exclusively streamed on there now. I suspect the upcoming Monday Night Raw episode may get more eyeballs than norma; following this news. Reports have surfaced this afternoon that iconic wrestler Hulk Hogan has died at the age of 71. TMZ and The NY Post both reported the news. I would keep a close eye on TKO Group Holdings (TKO) on this one. The company is the holding company for WWE and UFC. Hogan, of course, is the most recognizable wrestler ever, bar none. I am curious about how the company honors Hogan in the months ahead, and the details could be shared on the company's Aug. 6 earnings call. I would also keep an eye on Netflix (NFLX) as WWE is exclusively streamed on there now. I suspect the upcoming Monday Night Raw episode may get more eyeballs than norma; following this news. Intel to report Q2 earnings as Wall Street looks for signs of turnaround Intel (INTC) will report its second quarter earnings on Thursday as the company's new CEO, Lip-Bu Tan, continues his attempt to turn around the ailing chip giant, Yahoo Finance's Dan Howley reports. Howley writes: Read more about Intel's upcoming earnings report here. Intel (INTC) will report its second quarter earnings on Thursday as the company's new CEO, Lip-Bu Tan, continues his attempt to turn around the ailing chip giant, Yahoo Finance's Dan Howley reports. Howley writes: Read more about Intel's upcoming earnings report here. Wall Street bullish on Alphabet as Search growth stays steady amid AI disruption fears Wall Street analysts were bullish on Alphabet stock following the Google parent's earnings, as Search revenue continued to climb despite fears of AI displacing the dominant search engine. "Another stable qtr for Search results increases our confidence in the AI transition and should ease concerns on a potential revenue reset," Bank of America analyst Justin Post wrote in a note. Post raised his price outlook on Google shares to $217 from $210. Post and other analysts noted that AI Overviews helped drive 10% more Search queries for the types of searches that the AI is used for. The Overviews has 2 billion monthly users, and the Gemini app has hit 450 million monthly active users. RBC Capital analyst Brad Erickson raised his price target on Google shares to $220 from $200, saying, "We still believe that GOOGL's AI competitors along with its own AI search tools are driving traffic headwinds across the internet, and yet, it is still finding a way to distribute enough intentful volume to grow the business plenty fast." Still, Alphabet has fallen short of giving hard dollar figures for its AI business while focusing on how the technology is driving growth in its existing businesses. Notably, analysts didn't seem discouraged by Alphabet raising its capital expenditure guidance for the year to $85 billion from $75 billion, driven by spending in infrastructure such as data centers and server equipment to power AI. Erickson said the company's "AI investment decisions are being made with clear ROI signals in front of it." Wall Street analysts were bullish on Alphabet stock following the Google parent's earnings, as Search revenue continued to climb despite fears of AI displacing the dominant search engine. "Another stable qtr for Search results increases our confidence in the AI transition and should ease concerns on a potential revenue reset," Bank of America analyst Justin Post wrote in a note. Post raised his price outlook on Google shares to $217 from $210. Post and other analysts noted that AI Overviews helped drive 10% more Search queries for the types of searches that the AI is used for. The Overviews has 2 billion monthly users, and the Gemini app has hit 450 million monthly active users. RBC Capital analyst Brad Erickson raised his price target on Google shares to $220 from $200, saying, "We still believe that GOOGL's AI competitors along with its own AI search tools are driving traffic headwinds across the internet, and yet, it is still finding a way to distribute enough intentful volume to grow the business plenty fast." Still, Alphabet has fallen short of giving hard dollar figures for its AI business while focusing on how the technology is driving growth in its existing businesses. Notably, analysts didn't seem discouraged by Alphabet raising its capital expenditure guidance for the year to $85 billion from $75 billion, driven by spending in infrastructure such as data centers and server equipment to power AI. Erickson said the company's "AI investment decisions are being made with clear ROI signals in front of it." Fed gets new legal headache with lawsuit seeking to make FOMC rate meetings public The Federal Reserve got a new legal headache Thursday when a money manager sued Chair Jerome Powell and other central bank policymakers in a Washington, D.C., federal court, arguing it is violating a 1976 federal law by keeping its monetary policy meetings behind closed doors, Yahoo Finance's Jennifer Schonberger reports. Schonberger writes: Read the full story here. The Federal Reserve got a new legal headache Thursday when a money manager sued Chair Jerome Powell and other central bank policymakers in a Washington, D.C., federal court, arguing it is violating a 1976 federal law by keeping its monetary policy meetings behind closed doors, Yahoo Finance's Jennifer Schonberger reports. Schonberger writes: Read the full story here. UnitedHealth stock drops after company confirms DOJ investigation into Medicare billing practices UnitedHealth (UNH) stock fell as much as 2% early Thursday after the insurance giant disclosed in a regulatory filing Thursday morning that it is facing an investigation from the Department of Justice into its Medicare billing practices, Yahoo Finance's Jake Conley reports. Conley writes: Read the full story here. UnitedHealth (UNH) stock fell as much as 2% early Thursday after the insurance giant disclosed in a regulatory filing Thursday morning that it is facing an investigation from the Department of Justice into its Medicare billing practices, Yahoo Finance's Jake Conley reports. Conley writes: Read the full story here. Stocks trade mixed at the open US stocks traded mixed on Thursday, as hopes lifted for a US-EU trade deal and Wall Street digested earnings results from tech giants Alphabet (GOOGL, GOOG) and Tesla (TSLA) as well as fresh labor market data. The Dow Jones Industrial Average (^DJI) dropped 0.6%, after the blue-chip index ended Wednesday just shy of tis first record close this year. The tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.3%, while the S&P 500 (^GSPC) climbed more than 0.1%. US stocks traded mixed on Thursday, as hopes lifted for a US-EU trade deal and Wall Street digested earnings results from tech giants Alphabet (GOOGL, GOOG) and Tesla (TSLA) as well as fresh labor market data. The Dow Jones Industrial Average (^DJI) dropped 0.6%, after the blue-chip index ended Wednesday just shy of tis first record close this year. The tech-heavy Nasdaq Composite (^IXIC) rose roughly 0.3%, while the S&P 500 (^GSPC) climbed more than 0.1%. IBM stock slides after software sales disappoint International Business Machines stock (IBM) slid 6% ahead of the opening bell after second quarter sales in its core software segment were lower than expected and the company did not provide a forecast for the third quarter. IBM's software segment, which has traditionally been a bright spot, reported sales of $7.39 billion, missing analysts' average estimate of $7.41 billion, per Reuters. After a 30% run-up in the stock year to date, the company had little room to miss estimates. Still, IBM's adjusted earnings per share of $2.80 topped the Street's expectations, and its revenue of $16.98 billion for the quarter beat estimates of $16.59 billion. Companies' spending on artificial intelligence infrastructure spurred demand for IBM's latest AI-specialized mainframes. The infrastructure segment, which houses its mainframe, reported revenue of $4.14 billion, beating estimates of $3.81 billion. Read more here from Reuters. International Business Machines stock (IBM) slid 6% ahead of the opening bell after second quarter sales in its core software segment were lower than expected and the company did not provide a forecast for the third quarter. IBM's software segment, which has traditionally been a bright spot, reported sales of $7.39 billion, missing analysts' average estimate of $7.41 billion, per Reuters. After a 30% run-up in the stock year to date, the company had little room to miss estimates. Still, IBM's adjusted earnings per share of $2.80 topped the Street's expectations, and its revenue of $16.98 billion for the quarter beat estimates of $16.59 billion. Companies' spending on artificial intelligence infrastructure spurred demand for IBM's latest AI-specialized mainframes. The infrastructure segment, which houses its mainframe, reported revenue of $4.14 billion, beating estimates of $3.81 billion. Read more here from Reuters. Jobless claims hit lowest level in three months Amid a quiet week of economic data, investors were greeted with yet another sign that the US labor market isn't flashing glaring alarm signals. Data from the Department of Labor released Thursday morning showed 217,000 initial jobless claims were filed in the week ending July 19, down 4,000 from the week prior and the lowest number of weekly filings since the week of April 12. After surging in May, weekly filings have consistently declined throughout the start of the summer. Meanwhile, 1.955 million continuing claims were filed, up about 4,000 from the week prior and hovering near the highest level seen since November 2021. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs. Amid a quiet week of economic data, investors were greeted with yet another sign that the US labor market isn't flashing glaring alarm signals. Data from the Department of Labor released Thursday morning showed 217,000 initial jobless claims were filed in the week ending July 19, down 4,000 from the week prior and the lowest number of weekly filings since the week of April 12. After surging in May, weekly filings have consistently declined throughout the start of the summer. Meanwhile, 1.955 million continuing claims were filed, up about 4,000 from the week prior and hovering near the highest level seen since November 2021. Economists see an increase in continuing claims as a sign that those out of work are taking longer to find new jobs. Tesla stock slides as Musk warns of a 'few rough quarters' Tesla's (TSLA) stock is sinking in premarket as a warning from CEO Elon Musk rings in investors' ears. Shares fell over 6% after Tesla posted an earnings miss, setting the stage for a tough stretch ahead. The automaker faces the end of EV incentives brought in by President Trump, alongside potential delays to its autonomous vehicle rollout. 'We probably could have a few rough quarters,' Musk said, per Bloomberg. Meanwhile, a report Thursday showed Tesla's sales in Europe fell in June for the sixth straight month, falling 23%. Tesla's finance chief flagged other challenges on a conference call with analysts. Yahoo Finance's Pras Subramanian reports: Read more here. Tesla's (TSLA) stock is sinking in premarket as a warning from CEO Elon Musk rings in investors' ears. Shares fell over 6% after Tesla posted an earnings miss, setting the stage for a tough stretch ahead. The automaker faces the end of EV incentives brought in by President Trump, alongside potential delays to its autonomous vehicle rollout. 'We probably could have a few rough quarters,' Musk said, per Bloomberg. Meanwhile, a report Thursday showed Tesla's sales in Europe fell in June for the sixth straight month, falling 23%. Tesla's finance chief flagged other challenges on a conference call with analysts. Yahoo Finance's Pras Subramanian reports: Read more here. The AI trade hasn't changed for Big Tech — and that's working for them Alphabet (GOOG, GOOGL) and Tesla (TSLA) kicked off Big Tech earnings on Wednesday afternoon, and Yahoo Finance's Hamza Shaban recaps what investors learned in today's Morning Brief: Read more here. Alphabet (GOOG, GOOGL) and Tesla (TSLA) kicked off Big Tech earnings on Wednesday afternoon, and Yahoo Finance's Hamza Shaban recaps what investors learned in today's Morning Brief: Read more here. Good morning. Here's what's happening today. Economic data: Initial jobless claims (week ending July 19) Chicago Fed national activity index (June); S&P Global US manufacturing PMI (July preliminary); S&P Global US services PMI (July preliminary); S&P global US composite PMI (July preliminary); New home sales (June) Earnings: American Airlines (AAL), Blackstone (BX), Deckers (DECK), Dow (DOW), Honeywell (HON), Intel (INTC), Keurig Dr Pepper (KDP), Nasdaq (NDAQ), Nokia (NOK), Southwest Airlines (LUV), Union Pacific (UNP) Here are some of the biggest stories you may have missed overnight and early this morning: Trump signals baseline hike in 'reciprocal' tariffs to 15% The AI trade hasn't changed for Big Tech — and that's working for them Trump to visit Fed HQ for refurb check as he battles with Powell Keurig Dr Pepper beats estimates but coffee inflation lurks Google beats on earnings, doubles down on AI spending spree Tesla stock sinks after earnings miss, 'rough' patch warning Chipotle plunges after company reports 2nd straight sales decline Goldman's trading desk touts cheap hedges against S&P 500 slide Meme stock rally has investors feeling 'invulnerable' Economic data: Initial jobless claims (week ending July 19) Chicago Fed national activity index (June); S&P Global US manufacturing PMI (July preliminary); S&P Global US services PMI (July preliminary); S&P global US composite PMI (July preliminary); New home sales (June) Earnings: American Airlines (AAL), Blackstone (BX), Deckers (DECK), Dow (DOW), Honeywell (HON), Intel (INTC), Keurig Dr Pepper (KDP), Nasdaq (NDAQ), Nokia (NOK), Southwest Airlines (LUV), Union Pacific (UNP) Here are some of the biggest stories you may have missed overnight and early this morning: Trump signals baseline hike in 'reciprocal' tariffs to 15% The AI trade hasn't changed for Big Tech — and that's working for them Trump to visit Fed HQ for refurb check as he battles with Powell Keurig Dr Pepper beats estimates but coffee inflation lurks Google beats on earnings, doubles down on AI spending spree Tesla stock sinks after earnings miss, 'rough' patch warning Chipotle plunges after company reports 2nd straight sales decline Goldman's trading desk touts cheap hedges against S&P 500 slide Meme stock rally has investors feeling 'invulnerable' Meme stock rally has investors feeling 'invulnerable' Retail investors with an appetite for risk are piling into speculative trades and creating a new roster of meme-stocks, helping power a broader rally in markets, Yahoo Finance's Jake Conley reports: Read more here. Retail investors with an appetite for risk are piling into speculative trades and creating a new roster of meme-stocks, helping power a broader rally in markets, Yahoo Finance's Jake Conley reports: Read more here. STMicro stock falls by most in a year after surprise loss STMicroelectronics (STM) delivered a double whammy in its earnings on Thursday: A surprise Q2 loss from restructuring charges and a disappointing outlook for Q3. US-listed stock in the European chipmaker slid over 10% in premarket trading, while its shares in Paris ( fell to their lowest in a year at one point, down 13%. Bloomberg reports: Read more here. STMicroelectronics (STM) delivered a double whammy in its earnings on Thursday: A surprise Q2 loss from restructuring charges and a disappointing outlook for Q3. US-listed stock in the European chipmaker slid over 10% in premarket trading, while its shares in Paris ( fell to their lowest in a year at one point, down 13%. Bloomberg reports: Read more here. Trending tickers: Chipotle Mexican Grill, T-mobile and Wolfspeed Here are some top stocks trending on Yahoo Finance in premarket trading: Chipotle Mexican Grill (CMG) stock fell 10% before the bell on Thursday after reporting another quarter of negative sales growth. The fast-casual restaurant chain posted results on Wednesday as it navigates an uncertain consumer environment and as its new leadership deals with the most challenging backdrop in years. T-mobile (TMUS) stock rose 5% premarket on Thursday after beating analyst estimates on Wednesday. The telecom group's CEO Mike Sievert told Yahoo Finance's executive editor Brian Sozzi that the company's steady value messaging is helping it to gain market share. Wolfspeed (WOLF) shares rose 18% before the bell. The chipmaker's stock reacted positively this week to the new US-Japan trade deal and has been up 13% over the last five days. The US-Japan trade deal boosts optimism for Wolfspeed as it supports Renesas' EV chip production, raising hopes for more deals with automakers like Jaguar Land Rover. Here are some top stocks trending on Yahoo Finance in premarket trading: Chipotle Mexican Grill (CMG) stock fell 10% before the bell on Thursday after reporting another quarter of negative sales growth. The fast-casual restaurant chain posted results on Wednesday as it navigates an uncertain consumer environment and as its new leadership deals with the most challenging backdrop in years. T-mobile (TMUS) stock rose 5% premarket on Thursday after beating analyst estimates on Wednesday. The telecom group's CEO Mike Sievert told Yahoo Finance's executive editor Brian Sozzi that the company's steady value messaging is helping it to gain market share. Wolfspeed (WOLF) shares rose 18% before the bell. The chipmaker's stock reacted positively this week to the new US-Japan trade deal and has been up 13% over the last five days. The US-Japan trade deal boosts optimism for Wolfspeed as it supports Renesas' EV chip production, raising hopes for more deals with automakers like Jaguar Land Rover.
