Bullish Market Trend Today: Markets Brace for Volatility as Earnings Season Begins, Figma Eyes $1B IPO, and Verizon Surprises with Strong Results.
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Overall, our AI indicates a BULLISH stance on general market news, as well as reflected in our news analysis.
Our AI has also identified bullish trends in individual stocks.
Here’s a breakdown of key stock events by our AI Event signal for today, 7/21.
The Must-Know News Stories for Today, 7/21
Our AI cuts through the noise, saving you 14 minutes by delivering the heart of today’s events in seconds!
Benzinga
BullishShortTermS&P 500Economic
Earnings Season Looms Over Inflation Data, Tariff Impact
- US core inflation increased by 0.2% monthly and 2.9% annually.
- President Trump calls for a 3-point Fed rate cut.
- Earnings season for major firms like Alphabet and Tesla begins.
- European Central Bank expected to maintain rates at 2.15%.
- Volatility expected from deviations in economic consensus.
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Full ArticleTechCrunch
BullishShortTermFIGCorporate Developments
Figma looks to raise nearly $1 billion as it kicks off its IPO roadshow
- Figma is launching its IPO with over 36 million shares.
- Shares expected to price between $25 and $28 each.
- Expected market value is $15.9 billion post-IPO.
- This valuation is lower than Adobe's $20 billion acquisition offer.
- Figma has raised over $740 million in venture capital.
Investopedia
BullishShortTermVZEarnings
Verizon Stock Climbs on Better-Than-Expected Earnings, Stronger Outlook
- Verizon's earnings beat estimates with EPS of $1.22.
- Company raised lower end of full-year profit growth projections.
- Added 293,000 broadband subscribers, exceeding expectations.
- Lost fewer wireless postpaid subscribers compared to last year.
- Shares rose nearly 5% after earnings announcement.
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