Big Money Musk and Katie’s stakes increase | Wilnesh News

This report comes from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open keeps investors updated on everything they need to know, no matter where they are. Like what you see? You can subscribe here.

More records, Dow lagging
this S&P 500 Index and Nasdaq Index slowly move towards Fourth consecutive record close The latest data shows inflation is slowing. chip manufacturer Broadcom Earnings beat expectations in second quarter and announced 10-for-1 stock split. this Dow Jones Industrial Average was a laggard, down 65 points, dragged down sales force and Amazon. 10-Year Treasury Bond Yield Ministry of Finance slipped after producer price index Unexpectedly, I fell. US oil prices Refused.

One million U.S. dollars
Tesla shareholder vote to approve CEO MuskThe plan unveiled its 2018 compensation plan at the annual meeting despite a Delaware judge ordering the plan to be struck down five months ago. The vote is a public relations win for Musk that won’t overturn the court’s ruling but could help his future efforts to secure performance options. The plan was once worth US$56 billion and was deemed “unfathomable” by the court. After the vote, Musk claimed that his company’s Optimus humanoid robot would eventually make the automaker worth more than The S&P 500 is half its current value Valued at $45.5 trillion, according to FactSet.

reasonable debt
U.S. Treasury Secretary Janet Yellen said ballooning national debt Currently $34.7 trillion is manageable. “If the debt is stable relative to the size of the economy, then we’re in a reasonable position,” Yellen told CNBC’s Andrew Ross Sorkin in a live interview on “Squawk Box.” “My view is, We should be looking at the real interest cost of the debt. That’s the real burden.” Net interest costs totaled $601 billion in fiscal 2024, more than four times the amount spent on education.

The roaring kitten goes far
Keith Gill, the meme stock investor dubbed ‘Roaring Kitten’ appears to have Significant rise his game station holdings. Latest screenshots of his electronic trading portfolio Posted on Reddit It shows he now owns more than 9 million shares, up from 5 million in early June. It appears Gill may have waived his option and used the proceeds to buy additional shares. Against this backdrop, GameStop stock is going crazy again, and Gill plays a big role.

Japan welcomes BOJ bond decision
Japan’s Nikkei 225 Index Rose After the Bank of Japan (BOJ) announced its plan Reduce bond buying program After the July meeting. The yen fell against the dollar on delays in ending a 6 trillion yen ($38.5 billion) monthly plan to buy Japanese government bonds. As widely expected, the Bank of Japan also kept interest rates unchanged. Elsewhere, Australia S&P/ASX 200 Index and Hong Kong Hang Seng Indexes are lower. Mainland China’s CSI 300 index fell 0.4%, South Korean stocks Cospi up 0.3%.

(PRO) Billionaires Club
chip manufacturer Broadcom Heading to “Join the Trillionaire Club”, Bank of America forecasts. Bank of America The target price was raised to a 34% increase from Wednesday’s closing price. Broadcom shares soared 13% Report earnings beat analysts’ expectations and announced a 10-for-1 stock split. Report earnings That beat analysts’ expectations and announced a 10-for-1 stock split.

Three companies worth $3 trillion— Nvidia, apple and Microsoft — are vying for the title of the world’s most valuable company. Meanwhile, chipmaker Broadcom is $200 billion away from joining the market. trillion dollar club. This artificial intelligence-driven surge is concentrating wealth in a handful of companies as investors gravitate to big tech stocks.

Nvidia’s impressive 200% growth over the past year has increased its weight in the S&P 500 to 6.6%, while Microsoft and Apple account for 7% and 6.4% respectively. Evercore ISI chip analyst Mark Lipacis predicts Nvidia could end up accounting for 10%-15% of the index, an unprecedented level of dominance.

March, Goldman Sachs research points out “The top 10 U.S. stocks now account for 33% of the S&P 500’s market value,” exceeding levels during the 2000 tech bubble. The Wall Street firm acknowledged that while “investors often view increased concentration as a sign of downside risk,” the S&P 500 has historically risen more often than it has fallen following such events.

BTIG Chief Marketing Technician Jonathan Klinsky pointed out U.S. stock markets are now more imbalanced than at any time since 1999.

On Thursday morning, the S&P 500 was trading about 4% above its 50-day moving average (DMA), while only 43% of stocks were trading above it. Historically, this divergence only occurred in December 1999, before the tech bubble burst.

Klinsky warned that this doesn’t necessarily mean stock market indexes are on the verge of a rollover, but it does warrant caution when combined with other breadth indicators. He noted that despite good inflation data from CPI and PPI, small caps remained unchanged, raising questions as to why market breadth has not improved.

However, Goldman Sachs’ Scott Lubner said there could be “money wallEnter the stock market in the second half of the year.

“With $29 trillion in assets, simulated inflows in July were $26 billion,” Rubner wrote in a note last week. “Additionally, I see retail traders re-emerging over the summer; they tend to Appears around July.”

The money is likely going in one direction: mega-cap stocks.

— CNBC’s Jeff Cox, Lisa Kailai Han, Sara Min, Spencer Kimball, Brian Schwartz, Brian Evans, Scott Schnipper, Fred Imbert and Lora Kolodny contributed to this report.