đź‘‚ The Trump Bump

$DJT and other stocks rise after failed assassination attempt, Goldman's earnings report and more

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Happy Monday Zingernation! One rule in life that I adhere vehemently to is never to turn down free food. But, like my college economics professor taught me, there’s no such thing as a free lunch when you factor in the opportunity cost of what you could have been doing with that time. So, some lunch dates are more valuable than others. And we asked Benzinga readers which business leaders they would most want to grub down with, with Warren Buffett coming in second to this tech billionaire.

—Aaron Bry & Nic Chahine

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MARKET SNAPSHOT

Last Week: Small caps came back to life! Cooler-than-expected inflation data helped fuel a rally in the $IWM, paired with a big sell-off in mega-cap tech names. Well, at least a sell-off for one day, with the big boys recovering some of those losses in Friday’s session.

On Our Radar: Earnings are back. Goldman Sachs and Blackrock reported earnings this morning, with other big names like Netflix set to report later in the week.

TOP STORY
Donald Trump GIF by Election 2016

Briefly: Several stocks are moving Monday following the attempted assassination of former President Donald Trump at a rally in Pennsylvania over the weekend. Here’s what you need to know.

What To Know: Shares of Trump Media & Technology Group Corp, the parent company of social media platform Truth Social, are rallying Monday after a bullet grazed Trump’s ear at a campaign rally on Saturday. The former President was treated at a local hospital before being released Saturday night.

So: Analysts have suggested that the assassination attempt makes it more likely that Trump will win back the White House in November, according to CNBC. Several Trump-related stocks appear to be getting a lift from increased optimism around Trump’s chances of winning reelection. Here are the other stocks moving on the near tragedy.

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FIVE ZINGERS

The Catch-Up Trade: JP Morgan put together a list of five semiconductor stocks its bullish on… and $NVDA didn’t make the cut.

Taking Advantage: Airbus appears to be seizing the opportunity presented by Boeing’s mishaps, with Airbus expecting its fleet to double on high demand.

It Ain’t Rocket Science: But it is neurosurgery. Here’s why an MIT-educated brain surgeon left the field altogether.

Analyst Love: Morgan Stanley upgraded its price target for Apple and named it a top pick. Here are the other stocks analysts are turning bullish on.

Join The Club: Super Micro Computer shares jumped higher this morning on news that the semi-company will join the Nasdaq-100 index.

ONE FOR THE ROAD
return bank GIF

Briefly: On Monday, Goldman Sachs Group Inc reported revenue of $12.730 billion for the second quarter, beating the consensus of $12.456 billion.

The Numbers: Sales increased 17% year over year, reflecting higher net revenues in Global Banking and markets and Asset and wealth Management. Global Banking & Markets revenues were $8.18 billion, up 14% year over year.

So: This was boosted by a 21% year-over-year increase in investment banking fees to $1.73 billion, led by higher revenues in Debt and Equity underwriting, including leveraged finance and IPOs. Slight gains in advisory revenues contributed significantly to this growth. Here’s how Goldman’s stock is trading on the report.

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