Happy Wednesday! Wall Street is all-in on stocks, however, Bank of America’s latest Global Fund Manager Survey suggests Wall Street is in for a surprise. See the warning sign and what trades are most at risk.

David Tepper isn’t sitting still: the billionaire hedge fund manager is making several big moves, including doubling down on this sector, while making some surprising exits. Find out which stocks Tepper is buying, dumping, and what it signals.

Plus, if you want to see what Congress is trading before everyone else catches on, check out Benzinga Edge.

In Today's Edition

• TOP STORY

• SPECIAL OFFER

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

It’s Crypto Wednesday. 🪙

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Wall Street Is All-In On Stocks: Bank Of America Says That’s A Sell Signal

Almost everyone on Wall Street is betting on the same outcome: stronger earnings, resilient growth and more upside for stocks.

However, Bank of America’s latest Global Fund Manager Survey suggests that overwhelming optimism could be exactly the problem.

See what BofA’s survey is revealing about Wall Street’s positioning and which trades could be most exposed.

There Is A Public List of What Congress Trades. Almost Nobody Reads It.

Sitting members of Congress are required to disclose their trades. Those filings are public, free, and effectively unread, because they arrive as documents rather than as anything you could scan.

Benzinga Edge changes all that by turning them into a feed you can actually sort, on the names you already follow.

Yesterday: U.S. indexes fell for a third straight session on Tuesday, as a global bond selloff and rising oil prices weighed on investor sentiment. Tech stocks led the declines as Treasury yields climbed, with the 30-year yield reaching a 19-year high and Japan’s 10-year yield hitting its highest level in three decades. Investors are now awaiting the Federal Reserve’s latest meeting minutes for clues on the central bank’s divided outlook for interest rates, after three officials dissented in favor of a rate hike at the July meeting. Meanwhile, oil prices rose to $91 a barrel as tensions with Iran escalated as Iran said ‌it would adopt a more offensive stance and the Strait of Hormuz would remain closed.

On Our Radar: Looking ahead, Wall Street will be paying attention to today’s FOMC meeting minutes for clues on the Fed’s rate path, as well as crude oil inventories for insights into energy demand. On the earnings front, all eyes will be on Walmart (WMT), and Alibaba (BABA) which will report before the market opens tomorrow.

Top Gainers: Duolingo (DUOL), Shift4 (FOUR), Bath & Body Works (BBWI), Ulta Beauty (ULTA), Intuit (INTU), Monster (MNST)

Top Laggards: Coherent (COHR), Lumentum (LITE), Fabrinet (FN), Ciena (CIEN), SanDisk (SNDK), Micron (MU), CoreWeave (CRWV)

But these weren’t the only companies making big moves. Here’s a look at some of the biggest winners and losers on Tuesday.

Check out our interactive heatmap. Filter by market cap, or click on any box to explore specific sectors or assets in more detail.

ARK Moves: Cathie Wood and Ark Invest have been quietly Building an AI Picks-and-Shovels Portfolio. See what stocks she’s been buying and selling.

AI Shield: As AI adoption accelerates, Wall Street analyst Dan Ives sees a “golden age” coming for cybersecurity… but there’s a catch. Find out which names are on his radar.

Bigger Builds: Home Depot topped analyst expectations, but the real story is how customers are shopping. Click to see what’s driving the shift and what it means for the stock going forward.

Hidden Gems: Benzinga's Stock Whisper Index is out with five new stocks that investors are secretly monitoring but aren’t talking about yet. Here’s this week’s top picks.

Stock Of The Day: Shares of SanDisk just took a hit, but bulls may have reason to stay calm. One key level has changed the technical picture in a potentially bullish way. See what traders are watching and where shares could be headed next.

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