eToroInvestment @eToroInvestment: "🔔 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲 🔔 𝙒𝙝𝙖𝙩'𝙨..."

eToro

🔔 𝗚𝗼𝗼𝗱 𝗠𝗼𝗿𝗻𝗶𝗻𝗴 𝗘𝘂𝗿𝗼𝗽𝗲 🔔 𝙒𝙝𝙖𝙩'𝙨 𝙃𝙖𝙥𝙥𝙚𝙣𝙞𝙣𝙜 𝙞𝙣 𝙏𝙝𝙚 𝙈𝙖𝙧𝙠𝙚𝙩𝙨? 🔹 European stocks set for a subdued opening as traders await crucial US inflation data later this week. The ECB's consumer expectations survey and inflation figures from Germany and Greece are also anticipated. European earning reports from $GLEN.L (Glencore Plc), $BAYN.DE (Bayer AG), and $IHG.L (InterContinental Hotels Group PLC) are in focus 🔹 China's exports declined for a 3rd consecutive month in July due to weaker global demand, hinting at a slow economic recovery. Watch $USDCNH 🔹 Moody's downgraded credit ratings of small to mid-sized U.S. banks, and warned of potential downgrades for major lenders like Bank of NY Mellon, US Bancorp & State Street. Funding risks and weaker profitability are putting the sector's credit strength to the test. Track $KBE. 🔹 Palantir beats expectations with a 13% increase in Q2 revenue at $533 million. EPS met estimates at 5 cents, and net income improved to $28 million. Q3 revenue expected to grow by 16%, with full-year revenue to exceed $2.212 billion, surpassing previous forecasts. 🔹 Chegg's shares surged over 25% as the educational tech company reported Q2 revenue of $183 million, beating Refinitiv's consensus of $177 million. Monitor Chegg! 🔹 Saudi Aramco, world's top oil exporter, reported a 38% drop in Q2 profit to $30.07bn, citing lower hydrocarbon prices, weak refining and chemicals margins, and OPEC+ production cuts. Shares fell despite an increased dividend of $29.4bn. 🔹 $AAPL (Apple) saw $200 billion wiped off its market cap in its worst 5-day session since Nov 2022. Turbulence arose from disappointing iPhone sales, leading to analyst downgrades and concerns about reliance on iPhone's revenue. Weak guidance and lofty valuation also contributed. 🔹 Earnings today: $AMC (AMC Entertainment Holdings Inc) , $UPS (United Parcel Service Inc), $NVAX (Novavax Inc), $UPST (Upstart Holdings Inc), $LLY (Eli Lilly & Co), $DDOG (Datadog Inc), $LI (Li Auto Inc-ADR), $UA (Under Armour) , $RIVN (Rivian Automotive) . #Earnings #Stocks 🔹 $BYND (Beyond Meat Inc.) stock fell over 8% as the plant-based meat supplier reported Q2 revenue miss due to lower U.S. demand. Adjusted loss of 83 cents per share and $102.1 million in revenue. Watch $BYND! 🔹 $PARA (Paramount Global) shares rose nearly 4% after beating earnings and revenue expectations. Adjusted EPS of 10 cents and $7.62 billion in Q2 revenue. Get ready for the US open! 🔹 $LCID (Lucid Group Inc) reported $150.9 million in Q2 revenue, lower than estimates, but reassured investors with a recent $3 billion capital raise in May. *Please note, this is not investment advice*