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TryHard Holdings Partners with EHang to Develop Drone Light Shows in Japan
TryHard Holdings (THH) announced a strategic collaboration bringing together SBI Music Circus, EHang's (EH) drone technology and Skytek's local expertise to develop and expand next-generation drone light show entertainment across Japan. SBI Music Circus brings experience in large-scale music events, audience engagement, regional partnerships and promotion; Guangzhou EHang Egret Media Technology, a subsidiary of EHang Holdings, contributes drone formation and aerial media technology; and Skytek provides local expertise in drone show planning, coordination and implementation in Japan. The parties aim to create large-scale aerial entertainment experiences and develop new commercial applications for drone light shows across music and live events, tourism, regional revitalization initiatives and brand promotions throughout Japan. The collaboration has been formalized through a memorandum of understanding among SBI Music Circus, EHang Egret and Skytek. The synchronized drone formation completed its first 4,000-drone light show at the SBI Fireworks Festival held on August 22 at Sennan Long Park in Sennan, Osaka, and set a new Japanese record for the scale of a drone formation show. EHang Egret recently conducted a record-setting aerial performance involving 22,580 drones.
Major Averages Open Higher as Chip Stocks Rebound
The major averages finished higher to start the week as markets returned from the holiday weekend with a constructive tone and chip stocks rebounded from recent weakness.Last week's weaker-than-expected labor report reduced some fears of additional near-term Federal Reserve tightening, which has helped improve risk appetite. Investors are now turning attention to Wednesday's Fed meeting minutes for clues on how policymakers view inflation and economic growth going into the second half of the year.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SK Hynixwill offer 17.79M common sharesLockheed MartinUltra Maritime Solutions for $3.45BBroadcomwilla range of custom ASIC silicon products for AppleSolstice Advanced MaterialsElement Solutionsin a cash and stock deal valued at $14.5BComcast'sSkyITV Media in a deal valued at up to GBP 1.6B2. WALL STREET CALLS:BofAT-Mobileto BuyScotiabankfive cybersecurity names, citing growth potential stemming from AIGileadto Buy at HSBCBernsteinDatadogto Market PerformJetBlueto Underperform at Raymond James3. AROUND THE WEB:Energy Transferwon a $392M judgement in Texas over a failed attempt by San Antonio's city-owned utility CPS Energy to challenge the company over gas prices during the February 2021 Winter Storm Uri, Bloomberg reportsSuppliers plan to ship less than 1M iPhonefold units in 3Q26, which may push the start of device pre-orders and sales to Q4, with weeks of delivery delays, TF International analyst Ming-Chi Kuo said in a blog postCriteohas attracted a takeover offer backed by Vista Equity, Bloomberg saysDuring Sunday morning's government meeting, Deputy Minister Almog Cohen raised the issue of the sale of ZIMwith the government, Israel Hayom saysMicrosoftis eliminating 4,800 jobs, representing 2.1% of its workforce, with the company's Xbox division losing about one-fifth of its staff, CNBC reports4. MOVERS:TeraWulfincreases after announcing aIrengains in New York after Freedom Capitalthe stock to BuyDellhigher after President Trump said toKohl'slower after Morgan Stanleycoverage of the stock with an Underweight ratingEHangfalls in New York after JPMorganthe stock to Underweight5. EARNINGS/GUIDANCE:Clarivatebacked itsOndasprovidedInnovate EyewearreportedPepsiCotoon July 9Delta Air Linestoon July 10INDEXES:The Dow rose 155.84, or 0.29%, to 53,055.91, the Nasdaq gained 288.49, or 1.12%, to 26,121.16, and the S&P 500 advanced 54.19, or 0.72%, to 7,537.43.
Chip Stocks Rebound Boosts Major Averages
The major averages were higher to start the week as chip stocks rebound after recent weakness. Markets are returning from the holiday weekend with a constructive tone, as investors look to extend last week's rally.Last week's weaker-than-expected labor report reduced some fears of additional near-term Federal Reserve tightening, which has helped improve risk appetite. Investors are now turning attention to Wednesday's Fed meeting minutes for clues on how policymakers view inflation and economic growth going into the second half of the year.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:SK Hynixwill offer 17.79M common sharesLockheed MartinUltra Maritime Solutions for $3.45BBroadcomwilla range of custom ASIC silicon products for AppleSolstice Advanced Materialswill acquire Element Solutionsin avalued at $14.5BComcast'sSkyITV Media in a deal valued at up to GBP 1.6B2. WALL STREET CALLS:BofAT-Mobileto BuyScotiabankfive cybersecurity names, citing growth potential stemming from AIGileadto Buy at HSBCBernsteinDatadogto Market PerformJetBlueto Underperform at Raymond James3. AROUND THE WEB:Suppliers plan to ship less than 1M iPhonefold units in 3Q26, which may push the start of device pre-orders and sales to Q4, with weeks of delivery delays, TF International analyst Ming-Chi Kuo said in a blog postBoeingintends to start operating a fourth 737 MAX assembly line at its Everett, Washington factory on Monday, Reuters saysNvidiahas named Anna Soellner, Reddit'sformer vice president of communications, as head of corporate communications, Axios reportsDuring Sunday morning's government meeting, Deputy Minister Almog Cohen raised the issue of the sale of ZIMwith the government, Israel Hayom saysMicrosoftis eliminating 4,800 jobs, representing 2.1% of its workforce, with the company's Xbox division losing about one-fifth of its staff, CNBC reports4. MOVERS:TeraWulfincreases after announcing awith AnthropicIrengains in New York after Freedom Capitalthe stock to BuyDellhigher afterto "go out and buy a Dell"Kohl'slower after Morgan Stanleyof the stock with an Underweight ratingEHangfalls in New York after JPMorganthe stock to Underweight5. EARNINGS/GUIDANCE:Clarivatefor FY26OndasInnovate EyewearPepsiCoon July 9Delta Air Lineson July 10INDEXES:Near 1:20 pm ET, the Dow was up 0.09%, or 45.72, to 52,945.79, the Nasdaq was up 1.31%, or 337.58, to 26,170.26, and the S&P 500 was up 0.75%, or 56.47, to 7,539.71.
Dow Jones Rises 1.73%, Nasdaq Declines
The major averages closed mixed, with the Dow Jones Industrial Average the leader. The Nasdaq was the laggard as investors took profits in semiconductor stocks following Broadcom's earnings report. The reaction in Broadcom shares suggests the market may be entering a phase where strong results alone are no longer enough if guidance does not materially improve.Meanwhile, oil prices eased slightly following reports of progress toward regional de-escalation in the Middle East.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Broadcomreportedand reiterated its FY27 AI revenue targetCrowdStrikeprovided areport for Q1Five Belowalso provided areport for Q1Blackstone Private Credit Fundiscompared to the requested 10%Quantinuumopened at $68 after the quantum computing company's IPO2. WALL STREET CALLS:BofAUnitedHealthto Buy on improving medical cost trendsMacquarieBroadcomon Googlemove to insource chipsRTXto Buy from Hold at JefferiesPVH Corp.to In Line from Outperform at Evercore ISIUBSEHangto Neutral amid setbacks3. AROUND THE WEB:Qantasis in talks for the potential purchase of 20 Boeing787s or AirbusA350s, Reuters reportsIn a confidential Competition Commission of India, CCI, order, Appleagreed to submit the financials of its India business to the antitrust body as part of an investigation into whether the company abused its market position in the country, Reuters saysMetahas delayed plans to release its newest AI model to developers several times and does not have a planned date to release it, WSJ saysNvidiahas acquired Kumo AI, a startup focused on foundation models for business prediction and analytics, with all three co-founders already joining Nvidia, Yahoo Finance reportsSome members of the Glazer family are considering selling their stake in Manchester United FCafter internal discussions about individual exits, potentially drawing interest from Middle Eastern and U.S. wealthy buyers at a high valuation, Bloomberg reports4. MOVERS:Oscar Healthgained after Wells Fargothe stock to Equal Weight from UnderweightFranklin Resourcesrose afterthe company is near an SEC settlement over Wamco for $100MAbsciwas higher after Leerinkcoverage of the stock with an Outperform ratingPetcowas lower afterand providing guidance for Q2 and FY26Netskopefell afterand providing guidance for FY275. EARNINGS/GUIDANCE:PVH Corp.reportedand affirmed its FY26 guidanceToro Companyand raised its guidance for FY26Ciena, with CEO Gary Smith commenting, "Today's results reflect the strength of our portfolio"Caleresand provided its guidance for Q2 and FY26Columbus McKinnon, with EPS missing consensusINDEXES:The Dow rose 874.86, or 1.73%, to 51,561.93, the Nasdaq lost 23.02, or 0.086%, to 26,830.96, and the S&P 500 advanced 30.63, or 0.41%, to 7,584.31.
Dow Jones Up 800 Points, Nasdaq Slips
The major averages were mixed at midday, with the Dow Jones Industrial Average was more than 800 points higher and the Nasdaq slipping as investors take profits in semiconductor stocks amid the market reaction to Broadcom's earnings report. Broadcom's reaction suggests the market may be entering a phase where strong results alone are no longer enough if guidance does not materially improve.Meanwhile, oil prices have eased slightly following reports of progress toward regional de-escalation in the Middle East. At the same time, gold is modestly higher as traders seek safety amid the pullback in technology shares and ongoing geopolitical uncertainty.Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.1. STOCK NEWS:Broadcomreportedand reiterated its FY27 AI revenue targetCrowdStrikeprovided areport for Q1Five Belowalso provided areport for Q1Blackstone Private Credit Fundiscompared to the requested 10%PVH Corp.reportedand affirmed its FY26 guidance2. WALL STREET CALLS:BofAUnitedHealthto Buy on improving medical cost trendsMacquarieBroadcomon Googlemove to insource chipsRTXto Buy from Hold at JefferiesPVH Corp.to In Line from Outperform at Evercore ISIUBSEHangto Neutral amid setbacks3. AROUND THE WEB:TSMC'sCEO C.C. Wei said global chip supply is expected to remain constrained relative to AI-driven demand for years, noting that even with expanded U.S. manufacturing capacity, the company will not be able to fully meet strong customer demand, Bloomberg reportsIn a confidential Competition Commission of India, CCI, order, Appleagreed to submit the financials of its India business to the antitrust body as part of an investigation into whether the company abused its market position in the country, Reuters saysMetahas delayed plans to release its newest AI model to developers several times and does not have a planned date to release it, WSJ saysNvidiahas acquired Kumo AI, a startup focused on foundation models for business prediction and analytics, with all three co-founders already joining Nvidia, Yahoo Finance reportsSome members of the Glazer family are considering selling their stake in Manchester United FCafter internal discussions about individual exits, potentially drawing interest from Middle Eastern and U.S. wealthy buyers at a high valuation, Bloomberg reports4. MOVERS:Oscar Healthgains after Wells Fargothe stock to Equal Weight from UnderweightRedwireincreases after beingfrom Astrobiome SpaceAbsci (ABSI) higher after Leerinkof the stock with an Outperform ratingPetcolower afterand providing guidance for Q2 and FY26Netskopefalls afterand providing guidance for FY275. EARNINGS/GUIDANCE:Toro Companyand raised its guidance for FY26Ciena, with CEO Gary Smith commenting, "Today's results reflect the strength of our portfolio"Caleresand provided its guidance for Q2 and FY26Columbus McKinnon, with EPS missing consensusIDT Corpand raised its guidance for FY26INDEXES:Near midday, the Dow was up 1.69%, or 857.93, to 51,545.00, the Nasdaq was down 0.38%, or 101.24, to 26,752.73, and the S&P 500 was up 0.18%, or 13.33, to 7,567.01.
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