Happy Wednesday! One of Wall Street's most closely watched earnings reports arrives after the close today, with investors betting on another massive AI-fueled quarter. But while expectations are soaring, Micron's stock has a surprising history of disappointing investors after earnings. Read on to see what could determine its next move.

Ark Invest made significant trades yesterday as Cathie Wood went on a buying spree. Read on to see what stocks she’s been loading up on, and which ones she’s been selling.

Plus, if you're looking for an AI-powered edge in options trading, check out today’s sponsor.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• SPECIAL OFFER

The leaderboard is starting to take shape and there’s already a logjam near the top with a two-way tie for first place, and a two-way tie for fifth place.

Thankfully there’s still plenty of time to improve your score and climb the leaderboard and win some awesome prizes (Benzinga PRO, Benzinga EDGE).

As a reminder, the new format only takes into account your highest quiz score, so all it takes is one great round to win. The best part… it only takes 30 seconds.

Missed yesterday’s quiz? Catch up here. To maximize your chances of winning, take the quiz each day and aim to beat your previous high score.

Micron Reports Earnings Today — History Reveals A Surprising Pattern

All eyes are on Micron today as the company reports earnings after the market close.

Wall Street expects another blockbuster quarter fueled by surging AI demand. Yet despite a long track record of beating expectations, the stock's reaction has often been disappointing.

As Wall Street analysts race to raise their price targets, and traders brace for a massive post-earnings move, see what Wall Street will be watching to see if shares can finally break the post-earnings curse.

Trading Options Without AI?

Trading Options without AI is like fishing in a vast lake with no idea where the fish are actually biting. You can cast all day and still come home empty-handed.

When dozens of contracts flash across your screen, which one actually deserves your capital?

Most traders do not lose because they are lazy. They lose because they are guessing.

VantagePoint AI scans the noise and lights up what matters, forecasting the direction of stocks and options 3 days in advance.

Learn it live and free:

🎯 Stock Scanner Secrets: Your Shortcut to Finding Today’s Best Options Trades

Trusted by 47,000+ traders across 138 countries. Seats are limited, no replays.

Read more.

Yesterday: U.S. indexes finished lower Tuesday, with the S&P 500 and Nasdaq tumbling as a sharp selloff in tech stocks weighed on investor sentiment. Semiconductors were the hardest hit, with several big names plunging more than 10% — led by SanDisk and Micron. The selloff in tech — which has been key drivers of this year's market gains — raises questions about whether the broader rally can maintain the momentum. Meanwhile, the recent weakness this week extended overseas, contributing to a 10% decline in South Korea’s KOSPI Index. In commodities, oil continued its recent slide, settling near $73 per barrel, while the U.S. dollar extended its gains and is now at a 13-month high due to rate hike fears.

On Our Radar: Looking ahead, Wall Street will be paying attention to crude oil inventories, new home sales, and the 5-year note auction. On the earnings front, all eyes will be on Micron (MU) which will report today after the market close.

Shares of IBM (IBM), T-Mobile (TMUS) and Johnson & Johnson (JNJ) were some of the biggest winners despite a big down day in the market. Meanwhile, SanDisk (SNDK), Micron (MU), Marvell (MRVL) and Western Digital (WDC) were among the biggest laggards on the day. But those 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.

Prime Time: Amazon’s Prime Day may dominate headlines this week, but the real surprise could be where the spillover shows up next. These retailers are quietly positioned to benefit in ways investors may not be fully pricing in yet and could be big winners.

Dow Shakeup: Yesterday afternoon, Alphabet received news that it will replace Verizon in the Dow, quietly reshaping one of the market’s most closely watched benchmarks. Read on to see the reason behind the move and what it signals going forward.

Trillionaire: Buffett, Gates, Zuckerberg and Bezos all entered the conversation—but one name ultimately stood alone. Discover why this Wall Street veteran says Musk is in a league of his own.

IPO Fade: After a hot IPO start, shares of Cerebras continue to cool off and didn’t get any help after reporting earnings yesterday. The post-IPO selloff pushed shares closer to 52-week lows. Discover why shares are falling and if it presents a buying opportunity.

Stock Of The Day: Microsoft is nearing an all-important support zone. Will it hold again? Read on to see where shares are likely headed next.

How The Fed Just Set Up The Next Same-Day Volatility Trade

A split FOMC, a hawkish shift nobody fully priced in, and a rate environment where hikes are back on the table. Expert trader Matt Maley already had positions in place before the announcement landed — and he's breaking down the full framework live tonight at 6 PM ET.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Future Finance: Where fintech, crypto and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.

Tech Trends: Get the inside scoop on AI, the hottest gadgets and mind-blowing tech trends. Subscribe here.