Midday movers: Spirit Aerosystems, Tesla rise; Chewy falls

Reuters
'Roaring Kitty' lawsuit over GameStop is withdrawn for now
NEW YORK (Reuters) -Investors in GameStop have for now withdrawn their lawsuit accusing Keith Gill, who is known as "Roaring Kitty" and helped spur the meme stock mania of 2021, of defrauding them through a "pump-and-dump" scheme for the videogame retailer. A proposed class action accusing Gill of securities fraud was filed on Friday in the Brooklyn, New York, federal court, but voluntarily withdrawn on Monday without explanation. Investors led by Martin Radev, who lives in the Las Vegas area, said Gill manipulated GameStop securities between May 13 and June 13 by quietly accumulating large quantities of stock and call options, then dumping some holdings after emerging from a three-year social media hiatus.
Bloomberg
Ballmer Is Richer Than Gates, a First for Microsoft Billionaires
(Bloomberg) -- Steve Ballmer passed Bill Gates on Monday to become the sixth-richest person in the world, the first time the former chief executive officer of Microsoft Corp. has been wealthier than the company’s co-founder. Most Read from BloombergUS Allies Say China Is Developing Attack Drones for RussiaChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysZelenskiy Challenges Trump to Reveal Plans for Ending WarDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeBid
Business Insider
Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar says
"These funds managed to lose value for shareholders even during a generally bullish market," Morningstar analyst Amy Arnott said.
Barrons.com
Is the Stock Market Open on July 3? Here Are the Unusual Trading Hours.
The July 4 holiday falls on a Thursday this year, so the trading hours on Wednesday are a bit unusual.
The Motley Fool
2 Canadian Growth Stocks I’d Stash in a TFSA for the Long Run
TFSA investors can consider holding quality growth stocks such as Propel Holdings right now and derive outsized gains in the next five years. The post 2 Canadian Growth Stocks I’d Stash in a TFSA for the Long Run appeared first on The Motley Fool Canada.
The Motley Fool
Don’t Ignore These 2 Dividend-Growth Stocks With 7% Yields
These top dividend-growth stocks now offer great yields. The post Don’t Ignore These 2 Dividend-Growth Stocks With 7% Yields appeared first on The Motley Fool Canada.
Simply Wall St.
Exploring Three TSX Stocks With Intrinsic Value Discounts Ranging From 25.4% To 41.4%
As the Canadian stock market experiences a robust first half of 2024, with solid gains and a positive economic outlook, investors are keenly observing how different sectors are performing. In this environment, identifying stocks that appear undervalued relative to their intrinsic value could be particularly compelling, especially in a market that has demonstrated strong historical returns following such promising starts.
Simply Wall St.
Top Three Dividend Stocks For July 2024
As global markets navigate through a period of subtle shifts and key economic updates, investors are closely monitoring the landscape for opportunities that align with both growth and stability. In this context, dividend stocks often come into focus as they can offer potential income alongside capital appreciation, making them appealing during times of market uncertainty and economic recalibration.
Business Insider
Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'
Russia's trade rebounded by nearly 7% last year, while activities in the financial sector and construction grew by 6.6% and 3.6% respectively.
Barrons.com
Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.
The launch of Nvidia's Blackwell chips will test the ability of its suppliers and customers to deal with the infrastructure challenges associated with even more powerful chips.
Bloomberg
Bezos to Sell $5 Billion of Amazon as Shares Hit Record High
(Bloomberg) -- Jeff Bezos disclosed a plan to unload 25 million additional shares of Amazon.com Inc. worth $5 billion on the day the stock hit a fresh record.Most Read from BloombergUS Allies Say China Is Developing Attack Drones for RussiaChina Can End Russia’s War in Ukraine With One Phone Call, Finland SaysZelenskiy Challenges Trump to Reveal Plans for Ending WarDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineeBiden Plummets in Leaked Democratic Polling Memo, Puck SaysThe notice
GOBankingRates
5 Best Index Funds To Own for Life, According To TikToker Humphrey Yang
Financial guru and TikToker Humphrey Yang recently shared in a YouTube video a few index funds you can invest in which will help grow your wealth over time.
Reuters
Canadian dollar gains seen capped by central bank divergence: Reuters poll
The Canadian dollar is set to strengthen over the coming year but its gains will be limited after the Bank of Canada began cutting interest rates ahead of the Federal Reserve and as the U.S. election fans economic uncertainty, a Reuters poll found. The median forecast of more than 40 foreign exchange analysts in the June 28-July 3 poll showed the loonie will be little changed at 1.3700 a U.S. dollar, or 72.99 U.S. cents, in three months, compared to 1.3667 in last month's poll. "We expect the BoC to cut in July, whereas the bands of uncertainty around the U.S. inflation and Fed outlook are wider, with a risk of the Fed holding rates high for longer," said Jayati Bharadwaj, a global FX strategist at TD Securities.
Yahoo Finance Video
Nvidia is the best way to play AI for the 'next 10 years'
Nvidia (NVDA) shares are falling back today following the chipmaker's recent market high. Rosenblatt Securities senior research analyst Hans Mosesmann joins Market Domination to explain why he is not worried about the stock's bumpy previous weeks. Mosesmann has issued the highest price target for Nvidia on Wall Street. Mosesmann has a long-term view, explaining that the sale pressure is negligible when one considers that Nvidia is going to be the "best way to play AI for the next 10 years." He adds that Nvidia is not just a semiconductor company anymore but a platform that is "all things AI." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This article was written by Gabriel Roy
GOBankingRates
I’m a Financial Advisor: Here’s How Often You Should Check Your Retirement Account Balance
The best investor is one who's informed, but obsessing over your retirement fund's performance can stress you out and trigger the kind of emotional and counterproductive decision-making that can...
CNN Business
Chinese government bonds are on fire. That’s ringing alarm bells in Beijing
Money is rushing into Chinese government bonds, sending their prices soaring as investors hunt for a safer alternative to real estate and stocks. Beijing is worried about a bust that could bring down some banks.
Bloomberg
GameStop shareholder quickly drops ‘Roaring Kitty’ fraud suit
(Bloomberg) -- A lawsuit accusing popular stocks influencer Keith Gill, better known as “Roaring Kitty,” of engaging in a “pump and dump” scheme involving GameStop Corp. shares was dropped within days of its filing.
Barrons.com
GM Delivers More EVs. Its Grand Plan Is Working.
The company sold a lot more electric vehicles in the second quarter than it did a year earlier, even though sales growth for EVs has slowed down in the U.S.
Bloomberg
Hindenburg Made Just $4 Million From $153 Billion Adani Rout
(Bloomberg) -- It was one of the most impactful short-seller reports ever: Hindenburg Research’s 2023 broadside against the Adani Group erased as much as $153 billion of market value.Most Read from BloombergDemocrats Weigh Mid-July Vote to Formally Tap Biden as NomineePowerful Hurricane Beryl Aims at Jamaica After Grenada StrikeTrump Immunity Ruling Means Any Trial Before Election Unlikely‘Upflation’ Is the New Retail Trend Driving Up Prices for US ConsumersBonds Get Respite Amid Powell’s Disinf
The Canadian Press
S&P/TSX composite rises Tuesday on energy strength, U.S. markets also move higher
TORONTO — Canada's main stock index rose Tuesday near the end of the trading day, erasing earlier losses as energy and base metals helped offset weakness in telecom, while U.S. stock markets also climbed higher.

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STOCKS TRADE MIXED AFTER S&P 500'S RECORD CLOSE

Midday movers: Spirit Aerosystems, Tesla rise; Chewy falls

Latest Stories

'Roaring Kitty' lawsuit over GameStop is withdrawn for now

Ballmer Is Richer Than Gates, a First for Microsoft Billionaires

Cathie Wood's Ark Invest has destroyed $14 billion in wealth over the past decade, Morningstar says

Is the Stock Market Open on July 3? Here Are the Unusual Trading Hours.

2 Canadian Growth Stocks I’d Stash in a TFSA for the Long Run

Don’t Ignore These 2 Dividend-Growth Stocks With 7% Yields

Exploring Three TSX Stocks With Intrinsic Value Discounts Ranging From 25.4% To 41.4%

Top Three Dividend Stocks For July 2024

Russia's war-driven economy is so hot that the World Bank upgraded it to a 'high-income country'

Nvidia Stock Breaks Losing Streak. What’s Worrying the Market.

Bezos to Sell $5 Billion of Amazon as Shares Hit Record High

5 Best Index Funds To Own for Life, According To TikToker Humphrey Yang

Canadian dollar gains seen capped by central bank divergence: Reuters poll

Nvidia is the best way to play AI for the 'next 10 years'

I’m a Financial Advisor: Here’s How Often You Should Check Your Retirement Account Balance

Chinese government bonds are on fire. That’s ringing alarm bells in Beijing

GameStop shareholder quickly drops ‘Roaring Kitty’ fraud suit

GM Delivers More EVs. Its Grand Plan Is Working.

Hindenburg Made Just $4 Million From $153 Billion Adani Rout

S&P/TSX composite rises Tuesday on energy strength, U.S. markets also move higher