📈 Delta’s Bullish Boarding Call

Good morning.

⚡ The Fast Five → CoreWeave Buys Core Scientific for $9B, Apple AI Exec Joins Meta, Tesla Drops as Musk Launches Party, Samsung Profit Falls on HBM Delays, Waymo Robotaxis Expand to Philly, NYC

🔎 Market Trends → US stocks fall on tariff jitters; Musk's political plan hits Tesla; US Futures Slip as Tariffs Set to Take Effect August 1

🚨 JOIN BULL STREET LIVE TODAY…Start Your Day with Market Movers: Opening Bell LIVE on FinTech.tv from 9-10AM EST

And now…

⏱️ Your 5-minute briefing for Tuesday, July 8, 2025:

MARKET BRIEF
Before the Open

Pre-Market

Fear & Greed

Markets in Review

Tariffs Hit Hard: Nasdaq, S&P 500 Retreat as Trump Slaps Trading Partners

Nasdaq slid 0.9% to 20,412.5 and S&P 500 fell 0.8% to 6,230, pulling back from record territory. The Dow dropped 0.9% to 44,406.4, with losses broad-based across sectors.

The Big Picture:

Markets recoiled Monday after President Trump launched blanket tariffs against 14 countries—including Japan, South Korea, Malaysia, and Indonesia—in a move widely seen as a hardline economic pivot ahead of the election cycle.

Tariffs of up to 30% take effect Aug. 1, stoking fears of rising import costs, disrupted supply chains, and inflationary pressures. Investors are now recalibrating growth forecasts amid mounting geopolitical friction and BRICS-related rhetoric from the White House.

Meanwhile, Treasury yields ticked higher, with the 10-year at 4.39%, suggesting investors still see room for more economic tightening before any easing cycle.

WTI crude climbed 1.6% to $68.07, driven by tight market conditions, even as OPEC+ signaled a production hike of 548K barrels/day starting next month. Analysts warn, however, that a Q4 supply glut could drive oil prices back toward $55.

Market Movers:

• Tesla (TSLA) -6.79%: Musk’s surprise political party launch triggered concern about distractions and regulatory retaliation, leading to its worst trading day in weeks.

• Core Scientific (CORZ) -17.61%: Shares cratered after agreeing to a $9B all-stock buyout by CoreWeave (CRWV -3.33%). Investors worried about dilution and valuation risk.

• WNS (WNS) +14.26%: Surged after French tech giant Capgemini offered $3.3B to buy the outsourcing firm—seen as a strategic expansion into digital operations.

What They’re Saying:

“The magnitude of the oversupply will be clear by Q4... WTI could fall below $55,”
— Matt Portillo, Tudor Pickering Holt

WHAT WE’RE WATCHING
Events

• There are no events scheduled for today.

Earnings Reports

• Today: There are no noteworthy earnings reports.

• Tomorrow: There are no noteworthy earnings reports.

MARKET BRIEF
Leading News

Delta’s Q2 Earnings Could Be A Boarding Call for Bulls

Why it matters:

Delta Air Lines’ (DAL) Q2 2025 earnings, due July 10, could signal a robust travel rebound, offering savvy investors a chance to ride the airline sector’s tailwinds.

Zoom Out:

The skies are clearing for Delta, with Wall Street projecting $2.06 per share on $16.18 billion in revenue, a slight dip from last year but buoyed by 36% stock gains over three months. Easing tariff fears and strong summer bookings fuel optimism, despite storms grounding flights in Atlanta.

Delta’s cost discipline—slashing non-fuel costs 5.7% in Q1—shields margins against volatile oil prices, while its 1.47% dividend yield sweetens the deal for income hounds. Yet, headwinds loom: tepid Main Cabin demand and trade uncertainties could clip wings.

Still, Delta’s Zacks Earnings ESP of +2.09% hints at a beat, and its hedge portfolio covers 60% of Q3 fuel needs, grounding risks. For crypto enthusiasts, Delta’s tech pivot—think blockchain for loyalty programs—could spark future upside.

Key Insights:

• Earnings Beat Potential: Delta’s history of surpassing estimates (Q1’s 15% surprise) and a 70% beat likelihood make it a bet worth taking.

• Premium Cabin Strength: Corporate travel and upscale bookings are driving revenue, offsetting Main Cabin softness.

• Fuel Hedge Edge: With oil down 6% in Q2, Delta’s hedging locks in cost savings, boosting free cash flow.

Market Pulse:

“Delta’s cost control and premium focus position it to navigate turbulence better than peers,” says Bank of America’s Andrew Didora, rating it a Buy at $56.

Bull’s Take:

Delta’s Q2 earnings could ignite a rally, making DAL a high-flier for portfolios. Consider buying the dip below $50 and buckle up for gains.

Headlines

• CoreWeave to Acquire Bitcoin Miner Core Scientific in $9B Stock Deal (link)

• Apple loses its top AI models executive to Meta’s hiring spree (link)

• Tesla shares sink after Elon Musk says he will launch new US political party (link)

• Samsung Profit Expected to Drop 39% as HBM Chip Delays Disrupt Nvidia Supply (link)

• BP Appoints Former Shell Exec Simon Henry to Board (link)

• Waymo robotaxis are heading to Philadelphia and NYC (link)

CRYPTO
Fear & Greed

Headlines

• Bitcoin Slips Below $108K, Erases Weekend Gains as Trump Ramps Up Tariffs (link)

• Solana Matches All Other Chains Combined in Monthly Active Users, Artemis Data Shows (link)