The 's 10 things to watch Friday, Aug. 8 — Today's was written by Jeff Marks, director of portfolio analysis 1.
The S & P 500 is pointing to a higher open this morning after a modest pullback yesterday, keeping the index on track for a positive week.
The Dow, after a sharp reversal yesterday, also was on track for a positive open. 2. Several analysts def name Eli Lilly after yesterday's 14% plunge on disappointing data for its obesity pill.
Morgan Stanley called it "overdone. JPMorgan said the pullback creates a "compelling entry point." Goldman Sachs said the sell-off implies the pill is an impaired asset, which simply isn't the case.
We downgraded Lilly yesterday. Lilly s were up 1.7% in the premarket. 3. s of The Trade Desk sank 30% this morning.
The digital advertising company beat analyst estimates on revenue and adjusted EBITDA, but guided for slowing revenue growth in the third quarter.
Bank of America double downgraded s to underperform, citing an uncertain trajectory from here and competitive pressures from name Amazon . 4.
Texas Roadhouse posted strong second-quarter same-store sales growth and said the third quarter is off to a better-than-expected start.
However, beef inflation is eating into fits, but that should not have been a surprise to anyone. We reiterated our hold-equivalent rating last night in our analysis for members. 5.
Tesla is up its Dojo supercomputer team, Bloomberg News reported, as leader Peter Bannon leaves the electric vehicle maker.
As a result, the report said Tesla will increase its reliance on name Nvidia and peer AMD for computing power. 6.
s of Expedia surged nearly 15% this morning after the travel company reported a strong second-quarter earnings beat and raised its full-year outlook for bookings, revenue and operating fitability.
Ad sales helped helped drive the results. 7. Take-Two Interactive's bookings exceed the high end of guidance. The -game publisher reaffirmed that "Grand Theft Auto 6" is due out May 26, 2026.
There were no on pricing for the long-awaited game, which is more than a decade in the making. s popped more than 4%. 8. Pinterest s fell nearly 13% this morning after a mixed quarter.
The digital pinboard's revenue slightly beat expectations but earnings per came up a few cents short. Global monthly active users were better than expected, but missed in the U.S. and Canada. 9.
Melius Re increased its price target on name Apple price target to $260 a from $240. The firm also raised its fiscal 2026 earnings per estimates thanks to higher gross margins.
Apple s have climbed 8.4% over the past two sessions ing its U.S. investment pledges . 10.
stock Meta Platforms turned to PIMCO and Blue Owl Capital to lead a $29 billion financing deal to help fund its data center development. Meta's aggressive investments into AI aren't slowing down.
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