Wiz Fizz

TLDR

MARKET RECAP → The S&P 500 (VOO) stayed relatively unchanged on Tuesday as traders anticipated earnings reports from major tech giants.

COCA-COLA Q2 2024 EARNINGS: SOLID GROWTH AMID INFLATION→📈 Coca-Cola's (KO) Q2 earnings of $0.84 per share beat expectations, with revenue at $12.36 billion, prompting a raise in FY24 guidance despite inflation pressures.

GOOGLE ENDS ACQUISITION TALKS WITH WIZ→ 📉 Google’s (GOOG) $23 billion deal to buy cybersecurity startup Wiz fell through, leaving founders without their anticipated billions and Google's cloud security strategy in a bit of a scramble.

Was this email forwarded to you? Sign up for free here.

MARKETS

Today’s S&P 500 Heatmap

Notable Earnings This Week

TODAY’S TOP NEWS

Coca-Cola Q2 2024 Earnings: Solid Growth Amid Inflation

📈 Beat Market Expectations: Coca-Cola reported Q2 earnings of $0.84 per share, surpassing analysts' estimates of $0.81. Revenue hit $12.36 billion, a 3.3% increase, driven by strong organic revenue growth of 15%.

📊 Raised FY24 Forecast: The company boosted its fiscal 2024 guidance, now expecting 5-6% earnings growth and 9-10% organic revenue growth, attributing this to robust performance and strategic pricing amid inflation.

🥤 Steady Profit Margins: Despite intense inflation, Coca-Cola maintained a solid operating margin, with Q2 profit at $2.41 billion. CEO James Quincey highlighted the effectiveness of their all-weather strategy in navigating the dynamic market​.

TODAY’S TOP NEWS

Google Ends Acquisition Talks with Wiz

📉 Deal Collapse: Google's anticipated $23 billion acquisition of Israeli cybersecurity startup Wiz fell through. This would have been Google's largest acquisition, emphasizing the importance of cloud security​.

💰 Founder Windfall Lost: The four founders of Wiz, who were set to become billionaires from the deal, now have to look for new opportunities. They were expected to earn around $2.3 billion each​.

🌍 Strategic Impact: The deal's failure signals a significant setback in Google's strategy to enhance its cybersecurity capabilities through acquisitions. This move was part of a broader trend of major tech companies investing heavily in cybersecurity.

BULL VS. BEAR

NOTABLE POSTS

KEEP READING

GM far exceeds second-quarter estimates, will restructure struggling China business (CNBC)

UPS shares slide on earnings miss, guidance cut (CNBC)

Oil prices drop to lowest levels in more than a month (CNBC)

Spot ether ETFs are set to trade Tuesday. Here’s what it means for the Ethereum blockchain (CNBC)

Inside Best Buy’s push to get back to sales growth, cash in on AI craze (CNBC)

The global tech outage showed how we’re just one mistake away from chaos (CNN)

The worst may be over for homebuyers (CNN)

39% of Americans worry they can’t pay the bills (CNN)

Overstock.com is back from the dead (CNN)

WHAT WE’RE WATCHING

OUR FAVORITE TOOLS & RESOURCES

  • Quiver Quantitative — Quiver allows retail investors to tap into the power of big data with insights into things like congressional trades as they are disclosed

  • Perplexity — Perplexity AI is an AI-chatbot-powered research and conversational search engine

  • The Market Ear — Live news, analysis and commentary on what moves markets and trading

  • Coinmarketcap.com — Crypto market data

  • Finviz — Financial visualizations

  • Trading Economics — Economic calendar

  • CME FedWatch Tool — Market-implied probabilities of future levels of interest rates 

  • Dataroma — Track stock picks and portfolios of legendary value investors such as Warren Buffett

  • ChatGPT — Large language model-based chatbot powered by generative AI

  • Notion AI — Notion AI is a writing assistant that can help you write, brainstorm, edit, summarize, and more

  • Vimcal — Lightning-fast calendar and AI scheduling assistant

The Bull vs. Bear Merchandise Promotion is a limited time campaign that begins on December 1, 2023 at 12:00 AM ET and ends on the date that there are no more Rewards. This Promotion is available to any registered MoneyLion user who is a legal resident of the 50 United States or the District of Columbia and who has reached the age of majority in their state as of the beginning of the Promotional Period. See terms and conditions here.

This advertising email was sent to you because you have a MoneyLion account. If you would like to unsubscribe, please do so using this link. We respect your right to privacy. Please do not reply to this email with sensitive information, such as an account number, Social Security number, date of birth, bank account information, PIN, password, or Online ID. The security and confidentiality of your personal information is important to us. If you have any questions or want to read more, please visit our Help Center.

MoneyLion and Pathward do not provide, nor do they guarantee, any third-party product, service, information, or recommendation. The third parties providing these products or services are solely responsible for them, as well as all other content on their websites. MoneyLion is not liable for any third party’s failure with regard to those advertised products, services, and benefits. These advertised products and services may not be FDIC insured or bank-guaranteed, and may be subject to a different privacy policy than MoneyLion’s. You should check individual offers, products, and services to become familiar with any applicable restrictions or conditions that may apply. MoneyLion may receive compensation from third parties for referring you to the third party, their products or to their website.

The influencer, creator and other content provided in the MoneyLion App (“Content”) is for informational and entertainment purposes only and should not be construed as legal, tax, investment, financial, or other advice. All Content is intended to be of a general nature, does not address the circumstances of any particular individual or entity, and may not constitute a comprehensive or complete statement of the matters discussed. MoneyLion is not a fiduciary by virtue of any person’s use of or reliance on the Content. You should consult an appropriate professional if you require any legal, tax, investment, financial or other advice. Terms and Conditions for our subscriber referral can be found here.