eToroInvestment @eToroInvestment: "🔔 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲 🔔 🔹..."

eToro

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🔔 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲 🔔 🔹 The highlight of the day will be Chair Jerome Powell’s semi-annual testimony to the Senate Banking Committee. The Fed’s Michael Barr and Michelle Bowman will also speak, along with the ECB’s Piero Cipollone. 🔹 $SRPT (Sarepta Therapeutics Inc) will report its quarterly results today after the closing bell. Analysts have a consensus Buy recommendation with estimates of $0.96 EPS and $36.47M revenue. 🔹 $MORF shares rallied 75% after $LLY (Eli Lilly & Co) announced its $3.2 billion acquisition, giving access to Morphic’s treatments for ulcerative colitis and Crohn’s disease. Eli Lilly shares rose 1.3% on the news. 🔹 $IDYA (IDEAYA Biosciences Inc) surged 19% after announcing positive phase 2 trial results for its cancer treatment. The monotherapy expansion dose aims to treat urothelial and non-small cell lung cancers. 🔹 $SEDG (SolarEdge Technologies) shares climbed 12% after BofA upgraded the stock to neutral from underperform. BofA cited an attractive entry point but is awaiting a clearer path to margin and cash flow recovery. 🔹 The German government has sold hundreds of millions of dollars in bitcoin, pressuring its price, which recently hit its lowest level since February 2024. The government still holds $1.9 billion in bitcoin. 🔹 The launch of spot Ethereum ETFs is anticipated by mid-July. Experts predict initial trading could see $500 million poured into the funds within the first week, potentially boosting the cryptocurrency market. 🔹 $ASML (ASML Holding NV - ADR) shares surged over $1000 amid optimism around $TSM (Taiwan Semiconductor Manufacturing Co Ltd - ADR) . ASML’s CEO highlighted growing demand for older-generation chips, driving bullish sentiment and lifting the stock. 🔹 $GLW (Corning Inc) shares surged 12% as AI demand boosts equipment sales. The company raised its Q2 sales guidance to $3.6 billion, with expected earnings growth. 🔹 $AVGO (Broadcom Inc) increased by 2% as its 10-for-1 stock split nears, raising shares from 2.9B to 29B. The split follows a mixed securities offering and is effective July 12. ⚠️Please note, this is not investment advice. ⚠️Past performance is not indicative of future results.