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Bitech Technologies Corp is a technology solution provider dedicated to providing a suite of green energy solutions with a focus on cryptocurrency mining, data centers, commercial and residential utility, electric vehicle, and other renewable energy initiatives.

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Bitech Technologies Corp

BTIG analyst Thomas Catherwood assumes Blackstone Mortgage Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BXMT#NYSE">BXMT</a>) with a Buy rating and announces Price Target of $23.

News

Price Target

Initiation

Analyst Ratings

BXMT

BTIG Assumes Blackstone Mortgage Trust at Buy, Announces Price Target of $23

BMO Capital analyst John Kim maintains Empire State Realty Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ESRT#NYSE">ESRT</a>) with a Outperform and raises the price target from $11 to $12.

ESRT

BMO Capital Maintains Outperform on Empire State Realty Trust, Raises Price Target to $12

Taiwan Semiconductor Manufacturing Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) saw its shares decline Friday despite reporting substantial second-quarter profits following a verbal attack from former President Donald Trump.
Trump questioned the U.S. <a target="_blank" href="https://www.benzinga.com/government/24/07/39816230/whats-going-on-with-nvidia-amd-and-semiconductor-peer-stocks-on-wednesday" rel="noreferrer noopener">obligation to defend</a> Taiwan, flagging the lack of a formal defense treaty between the U.S. and Taiwan, unlike with South Korea and Japan, the Financial Times <a target="_blank" href="https://www.ft.com/content/2d464117-1aed-4918-8ce6-db341a59735a" rel="noreferrer noopener">reports</a>. Taiwan Semiconductor stock lost over 6% so far this week.
The key Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) supplier announced a net profit of $7.6 billion for <a target="_blank" href="https://www.benzinga.com/news/24/07/39842530/whats-going-on-with-nvidia-and-amd-stocks-on-thursday" rel="noreferrer noopener">the June quarter</a>, surpassing market expectations as continued artificial intelligence demand translates into tailwinds.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19054322/newplot-44.png" alt="" class="wp-image-445140" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19054322/newplot-44.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19054322/newplot-44-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
It also projected a more than one-third increase in third-quarter sales.
With Taiwan holding a 90% market share in AI server production, Taiwan Semiconductor&#8217;s role in the global supply chain is irreplaceable.
In 2023, the AI chip market reached $53.6 billion, as per <a target="_blank" href="https://www.statista.com/statistics/1283358/artificial-intelligence-chip-market-size/#:~:text=In%202023%2C%20the%20artificial%20intelligence,billion%20U.S.%20dollars%20in%202025." rel="noreferrer noopener">Statista</a>. Projections indicate it will rise to $71.3 billion by the end of 2024 as interest in AI applications continues to grow, with estimates suggesting the market will exceed $90 billion in 2025.
However, political risks for Taiwan Semiconductor and other Taiwanese companies are rising as China intensifies threats and military exercises around the island, FT writes. Approximately 80-90% of Taiwan Semiconductor&#8217;s production capacity is based in Taiwan.
Taiwan Semiconductor has consistently stated that it will maintain most of its manufacturing, research, and development in Taiwan while investing $65 billion in three factories in Arizona, USA.
Trump, a Republican presidential candidate, added to the uncertainty by suggesting that Taiwan should compensate the U.S. for its defense.
Consequently, AI chip stocks mainly dependent on Taiwan Semiconductor, like Nvidia and&nbsp;Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>), saw a selloff this week. Nvidia lost over 5%, and AMD lost&nbsp;over 14% so far this week. AI server company and a key Nvidia supplier Super Micro Computer, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>) lost 10% so far this week.
<figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="750" height="650" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19060047/newplot-45.png" alt="" class="wp-image-445172" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19060047/newplot-45.png 750w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/19060047/newplot-45-300x260.png 300w" sizes="(max-width: 750px) 100vw, 750px" /></figure>
According to <a target="_blank" href="https://www.globenewswire.com/news-release/2024/07/17/2914745/0/en/Semiconductor-Market-Size-Expected-to-Reach-USD-1-137-57-Billion-by-2033.html" rel="noreferrer noopener">Precedence Research</a>, the global semiconductor market was valued at $584.17 billion in 2024 and is projected to grow to approximately $1.14 trillion by 2033, with a CAGR of 7.64% from 2024 to 2033. Investors can gain exposure to the semiconductor sector through Invesco Semiconductors ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PSI#NYSE">PSI</a>) and SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>).
Price Actions:&nbsp;TSM shares traded lower by 0.62% at $170.80 premarket at the last check Friday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Shutterstock

Government

Regulations

Tech

Media

NVDA

PowerShares Exchange-Traded Fund Trust Dynamic Semiconductor Portfolio

SMCI

AI Chip Stocks Nvidia, AMD, Taiwan Semi Saw A Selloff This Week -  What's Going On?

Airbus SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/EADSY#OTC">EADSY</a>) has achieved <a target="_blank" href="https://www.airbus.com/en/newsroom/press-releases/2024-07-airbus-a321xlr-receives-easa-type-certification" rel="noreferrer noopener">Type Certification</a> from the European Union Aviation Safety Agency (EASA) for its A321XLR <a target="_blank" href="https://www.benzinga.com/news/24/07/39770942/boeing-rival-airbus-foresees-global-fleet-doubling-in-two-decades-amid-soaring-demand" rel="noreferrer noopener">equipped with CFM LEAP-1A engines.</a>
This milestone paves the way for the aircraft&#8217;s entry into service by the end of summer.
The Type Certificate was formally presented by Florian Guillermet, Executive Director of EASA, to Isabelle Bloy, Chief Engineer of the A321XLR program.
Certification for the Pratt &amp; Whitney engine variant is scheduled for later in 2024.
The A321XLR complements widebody aircraft within an airline&#8217;s fleet, offering flexibility to increase capacity, open new routes, or maintain service on existing routes in response to varying demand.
Also Read:<a target="_blank" href="https://www.benzinga.com/news/24/07/39836988/boeing-workers-vote-for-strike-mandate" rel="noreferrer noopener"> Boeing Workers Vote For Strike Mandate</a>
It boasts a 30% reduction in fuel consumption per seat compared to previous-generation competitors and approximately half the trip cost of contemporary widebodies.
The A321XLR&#8217;s Airspace cabin ensures long-haul comfort for passengers across all classes.
The inaugural A321XLR took its maiden flight in June 2022, marking the beginning of a comprehensive test program that included three test aircraft.
To date, orders for the Airbus A321XLR have exceeded 500 units.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
Photo via Wikimedia Commons
Read Next:
<ul>
<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39845827/alcoas-profitability-program-reaping-results-analyst-sees-tailwinds-from-lagged-alu" target="_blank" rel="noreferrer noopener">Alcoa&#8217;s Profitability Program Reaping Results &#8211; Analyst Sees Tailwinds From Lagged Alumina Pricing</a></li>
</ul>

Equities

Markets

General

EADSF

European Aeronautic Defence And Space Unsponsored

EADSY

Airbus A321XLR Receives European Union Aviation Safety Agency Type Certification: Details

Netflix Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) co-founder Marc Randolph has shared his insights on leadership transition and the &#8220;courage to step aside,&#8221; drawing parallels with President Joe Biden&#8217;s <a href="https://www.benzinga.com/news/24/07/39852139/biden-reportedly-soul-searching-on-exiting-presidential-race-some-of-presidents-cabinet-members-disc">current predicament</a>.
What Happened: On Thursday, after Netflix <a href="https://www.benzinga.com/news/earnings/24/07/39849026/netflix-q2-earnings-highlights-revenue-beat-eps-beat-advertising-revenue-more-meaningful-squid-game">reported its second-quarter earnings</a>, Randolph took to X, formerly Twitter, and recounted his own experience from 25 years ago when he was the CEO of the streaming giant.
&#8220;As the co-founder of 5 startups, I know when it's time to step aside. President Biden, like I once did, now faces a momentous decision that will define his legacy,&#8221; he said.
His co-founder, Reed Hastings, suggested that Randolph step down as CEO and take on the role of COO, citing the company&#8217;s struggles under his leadership.
See Also:&nbsp;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39776594/microsofts-iphone-moment-wedbush-analyst-dan-ives-expects-ai-to-add-1-trillion-to-v?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Microsoft&#8217;s &#8216;iPhone Moment&#8217;? Wedbush Analyst Dan Ives Expects AI To Add $1 Trillion To Valuation</a>
Randolph admitted that the proposal felt unjust, given his role in founding the company and his relentless efforts toward its success. However, he recognized that while he was dwelling on the past, Hastings was looking towards the future.
Ultimately, Randolph chose to step down, believing that his ambitions should not hinder Netflix&#8217;s success. He concluded that allowing Hastings to take over&nbsp;as CEO was the best&nbsp;decision he ever made.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">The courage to step aside. What Biden might learn from Netflix's first CEO:
&mdash; Marc Randolph (@mbrandolph) <a href="https://twitter.com/mbrandolph/status/1814064012600168455?ref_src=twsrc%5Etfw">July 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Why It Matters: Randolph&#8217;s reflections come amidst a backdrop of leadership transitions and challenges. President Biden is <a href="https://www.benzinga.com/news/24/07/39853944/biden-vs-trump-ex-president-takes-commanding-national-lead-as-democratic-support-for-incumbent-crumb">facing mounting pressure</a> to reconsider his re-election bid due to health concerns.
Influential Democrats, including former House Speaker Nancy Pelosi and former President Barack Obama, have reportedly advised Biden to reassess his decision.&nbsp;
Pelosi has even stated&nbsp;that she will do <a href="https://www.benzinga.com/general/politics/24/07/39844101/pelosi-tells-biden-he-cant-beat-trump-shell-do-everything-in-her-power-to-prevent-2024-run">everything in her power to</a> prevent Biden&#8217;s 2024 run. An ally of Pelosi said that she &#8220;does not want to call on him to resign, but she will do everything in her power to make sure it happens.&#8221;
A&nbsp;Pew Research <a href="https://www.benzinga.com/general/politics/24/07/39738957/trump-biden-should-both-step-aside-majority-of-americans-say-pew-research-poll">survey&nbsp;revealed that a majority</a> of Americans believe that both Biden and former President Donald Trump should step aside in the 2024 election.
Read Next:&nbsp;
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/07/39786086/apple-watchs-redesigned-ecg-doesnt-infringe-alivecor-patents-rules-us-customs?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Apple Watch&#8217;s Redesigned ECG Doesn&#8217;t Infringe AliveCor Patents, Rules US Customs</a></li>
</ul>
Disclaimer: This content was partially produced with the help of <a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a> and was reviewed and published by Benzinga editors.
Photo courtesy: Wikimedia

Politics

NFLX

Netflix Co-Founder Marc Randolph Reflects On Leadership And The 'Courage To Step Aside:' 'President Biden… Now Faces A Momentous Decision'

Baird analyst Jeffrey Meuler maintains Equifax (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFX#NYSE">EFX</a>) with a Outperform and raises the price target from $260 to $290.

Baird Maintains Outperform on Equifax, Raises Price Target to $290

WIIM

Autoliv shares are trading lower after the company reported worse-than-expected Q2 financial results.

Baird analyst Colin Sebastian maintains Corsair Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRSR#NASDAQ">CRSR</a>) with a Neutral and lowers the price target from $14 to $10.

CRSR

Baird Maintains Neutral on Corsair Gaming, Lowers Price Target to $10

On Friday, China&#8217;s National Medical Products Administration (NMPA) approved Eli Lilly And Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) Tirzepatide for <a target="_blank" href="https://www.benzinga.com/markets/equities/24/07/39680165/eli-lillys-mounjaro-outpaces-novo-nordisks-ozempic-in-weight-loss-effectiveness-study-shows" rel="noreferrer noopener">long-term weight management</a>.
It is <a target="_blank" href="https://mp.weixin.qq.com/s/8D4qauGinkVfSpAmNRdt-Q" rel="noreferrer noopener">suitable for long-term</a> weight management of adults whose body mass index (BMI) meets the following requirements based on diet control and increased exercise: ≥28 kg/m2 (obese) or ≥24 kg/m2 (overweight) with at least one condition.
Tirzepatide is known in the U.S. as Mounjaro for diabetes and Zepbound for weight loss.
Related: <a target="_blank" href="https://www.benzinga.com/news/24/06/39197516/chinese-generic-ozempic-wegovy-versions-could-put-novo-nordisk-at-the-risk-of-stiff-competition-in-k" rel="noreferrer noopener">Chinese Generic Ozempic, Wegovy Versions Could Put Novo Nordisk At The Risk Of Stiff Competition In Key Market</a>.
In May, the Chinese regulatory authority approved Tirzepatide in China to treat adults <a target="_blank" href="https://www.benzinga.com/general/biotech/24/05/38941485/eli-lilly-secures-china-nod-for-popular-weight-lossdiabetes-drug-tirzepatide" rel="noreferrer noopener">with type 2 diabetes</a>.
In March, Eli Lilly revealed that it has identified bacteria and elevated impurity levels in products falsely claiming to be compounded versions of tirzepatide, the active ingredient in its widely-used diabetes medication Mounjaro and the&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/03/37544347/eli-lillys-legal-battle-against-fake-compounded-tirzepatide-products-bacteria-impurities-detected" rel="noreferrer noopener">weight loss treatment Zepbound</a>.&nbsp;
In June, the Chinese National Medical Products Administration approved Novo Nordisk A/S&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NVO#NYSE">NVO</a>) Wegovy (semaglutide) for <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39472928/novo-nordisk-surges-nearly-3-after-weight-loss-drug-wegovy-wins-approval-in-china" rel="noreferrer noopener">long-term weight management</a>.
The approval comes at a crucial time, as the patent for semaglutide is set to expire in China in 2026.
Novo Nordisk also plans to limit the initial sales of its obesity treatment, Wegovy, in China. China&#8217;s National Health Commission survey revealed over half of its 1.4 billion population is <a target="_blank" href="https://www.benzinga.com/general/biotech/24/06/39530614/novo-nordisk-to-restrict-initial-wegovy-sales-in-china-amid-high-demand" rel="noreferrer noopener">overweight or obese</a>.
Price Action: LLY stock is up 1.19% at $859.01 during the premarket session at the last check on Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/general/biotech/24/07/39849867/exclusive-weight-loss-duopoly-breaks-as-eli-lilly-novo-plummet-market-wont-be-dominated-by-just-2" target="_blank" rel="noreferrer noopener">EXCLUSIVE: Weight-Loss Duopoly Breaks As Eli Lilly, Novo Plummet; &#8216;Market Won&#8217;t Be Dominated By Just 2 Players&#8217;</a></li>
</ul>
Photo by Ciara Kimsey via Shutterstock

Biotech

Large Cap

Emerging Markets

Health Care

Eli Lilly's Famed Weight Loss Drug Zepbound Scores Chinese Approval

Bernstein analyst Laurent Yoon maintains Netflix (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) with a Market Perform and raises the price target from $600 to $625.

Bernstein Maintains Market Perform on Netflix, Raises Price Target to $625

Baird analyst Andrew Wittmann maintains Quanta Services (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PWR#NYSE">PWR</a>) with a Outperform and raises the price target from $287 to $288.

Baird Maintains Outperform on Quanta Services, Raises Price Target to $288

AUGX

Trading Halt: Halt status updated at 7:25:00 AM ET: Quotation Resumption: News and Resumption Times

CAAS

China Automotive Systems Declared Special Cash Dividend Of $0.80 Per Common Share, Payable On Or About August 22

Baird analyst Robert Mason maintains Atmus Filtration Techs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ATMU#NYSE">ATMU</a>) with a Outperform and lowers the price target from $37 to $36.

ATMU

Baird Maintains Outperform on Atmus Filtration Techs, Lowers Price Target to $36

U.S. stocks are gearing up for a nervy as index futures were seen hugging the flat line. Uncertainty, which is one of the biggest enemies of the market, has intensified on all fronts. The Federal Reserve hasn&#8217;t committed to a timeframe for <a href="https://www.benzinga.com/economics/24/07/39800936/fed-rate-cuts-a-signal-to-sell-stocks-and-buy-bonds">starting rate cuts</a> despite the recent soft growth data and slowing inflationary measures. Things look murky on the geopolitical front. President Joe Biden&#8216;s fate is unknown yet as the calls for him to step down intensify.
And the Republican presidential candidate Donald Trump&#8217;s extreme right-wing agenda has kept traders on the tenterhook. On top of these, both candidates have talked tough regarding their stances on China.
The tech sector could react to a massive service outage reported by Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) that disrupted operations of banks, airlines, broadcasters, stock exchanges, among others worldwide, and Netflix, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) earnings
San Francisco Fed President Mary Daly, who spoke after the market close on Thursday, chose to tread a cautious line. While acknowledging that recent inflation is encouraging, she said &#8220;We&#8217;re not there yet.&#8221; A couple of more Fed officials will speak on Thursday before the Fed blackout period starts.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.08%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.02%</td>
</tr>
<tr>
<td>Dow</td>
<td>-0.19%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.03%</td>
</tr>
</tbody>
</table>
</figure>
Cues From Last Session:
U.S. stocks closed notably lower on Thursday as the downward momentum carried over into the session amid the release of mixed economic data and fairly dovish comments from Chicago Fed President Austan Goolsbee. Weekly jobless claims rose much more than expected, while regional manufacturing activity accelerated more than expected in July and the Conference Board&#8217;s leading economic index fell by less than expected in June.
The major indices opened mixed but turned uniformly higher in early trading as traders made sense of the economic data. Subsequently, selling pressure set in, sending the averages steadily lower. The Dow Industrials snapped a six-session winning streak, while the S&amp;P 500 and Dow Industrials ended at their lowest levels in nearly three weeks.
The sell-off was nearly broad based with only energy stocks bucking the downtrend. Healthcare, financial, consumer discretionary and material stocks bore much of the brunt of the sell-off.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.70%</td>
<td>17,871.22</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>-0.78%</td>
<td>5,544.59</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>-1.29%</td>
<td>40,665.02</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.85%</td>
<td>2,198.29</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.04% to $552.89, while the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) eased 0.03% to $479.34, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Insights From Analysts:
Despite the recent tech-led sell-off, a strategist is optimistic about the way forward for the market. &#8220;The summer rally that we've got in 2024 has gotten healthier. We like the participation at the index level, also at the stock level,&#8221; BofA Technical Strategist Stephen Suttmeier <a href="https://x.com/SquawkCNBC/status/1813919347565621722">said </a>in a CNBC interview.
After the Nasdaq 100, the S&amp;P 500 rose to a new high, and earlier this week the S&amp;P Equal-Weighted Index and the Dow Industrials followed them to new peaks, he said. The Russell 2,000 Index also broke out from a two to three-year base, he added.
&#8220;So a lot of improvement, more participation tends to be healthier for the market,&#8221; the strategist said.
Suttmeier said the S&amp;P 500 hit the 5,600 target BofA&#8217;s had for the summer rally and he sees the scope for the index climbing further to 6,150, probably within the next you know 12 months or so.
Ryan Detrick of Carson Group highlighted one positive among the recent downtrend. The S&amp;P 500 is on the longest streak since the Great Financial Crisis without a 2% drop. &#8220;Past few days have definitely added some more volatility but not long enough to end this streak just yet,&#8221; he said.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Longest streak since the GFC without a 2% drop for the S&amp;P 500. Past few days have definitely added some more volatility, but not enough to end this streak just yet. <a href="https://t.co/4zI6pbK3bZ">pic.twitter.com/4zI6pbK3bZ</a>
&mdash; Ryan Detrick, CMT (@RyanDetrick) <a href="https://twitter.com/RyanDetrick/status/1814043725468963158?ref_src=twsrc%5Etfw">July 18, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Upcoming Economic Data:
<ul>
<li>New York Fed President John Williams&nbsp;will speak at 10:40 a.m. EDT followed by Atlanta Fed President Raphael Bostic&nbsp;at 1 p.m. EDT.</li>
</ul>
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How to Trade Futures</a>
Stocks In Focus:
<ul>
<li>Netflix fell 1.25% in premarket trading following the streaming giant&#8217;s quarterly earnings announcement, while Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) climbed over 6.5% on earnings.</li>
<li>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>), Halliburton Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>), Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) and&nbsp;Travelers Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) are among the key companies due to release their quarterly results ahead of the market open.</li>
<li>SunPower Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPWR#NASDAQ">SPWR</a>) plunged by over 16.5% after the company announced the halting of some operations.</li>
<li>Plug Power Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) slumped about 11% following the company&#8217;s plan to sell shares.</li>
<li>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>) plummeted about 14% and Microsoft dropped about 2% on the latter&#8217;s service outage. A defect in a single content update for Windows hosts made by cybersecurity company CrowdStrike is said to have caused the outage.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures fell for a second straight day, dropping toward the $81-a-barrel mark while gold futures fell sharp as they look to extend their two-day losing streak. The 10-year Treasury yield climbed 6.7 points to 4.215% after spiking over 1% on Thursday. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) fell toward the $64K level.
Asian stocks closed mostly lower, dragged by Wall Street&#8217;s negative lead, but the Chinese and Malaysian markets bucked the downtrend. The modest strength in Chinese stocks came after a meeting of the Chinese Communist Party's Central Committee that ended Thursday and passed a resolution on &#8220;deepening reform&#8221; to &#8220;advance Chinese modernization.&#8221;
The European markets traded in the red in the early hours.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/24/07/39849593/fed-rate-cut-expectations-drop-mortgage-rates-to-4-month-lows-surge-in-new-applications-refinance-de">Fed Rate Cut Expectations Drop Mortgage Rates To 4-Month Lows: Surge In New Applications, Refinance Demand</a></li>
</ul>
Photo by Jirapong Manustrong on Shutterstock

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Wall Street Set To End Week On Subdued Note As CrowdStrike, Microsoft Drop Amid Global Outage: Analyst Sees 10% Upside Potential For S&P 500 Over Next 12 Months

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Reiteration

COIN

Needham Reiterates Buy on Coinbase Glb, Maintains $260 Price Target

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Upon JJ&rsquo;s arrival, John Barresi, the Company&rsquo;s Interim Chief Financial Officer, will resume his role as SVP, Controller.
Also, Aimee Lenar joined the company on July 15, 2024 as Executive Vice President, US Pharma.&nbsp;

Management

Bausch Health Companies Says Jean-Jacques Charhon Will Join Company As CFO On August 19, 2024 - Filing

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The offering is expected to close on or about July 22, 2024, subject to market and other customary closing conditions.&nbsp;
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Plug Power intends to use the net proceeds from the offering for general corporate purposes.

Offerings

Plug Power Reports Pricing Of Its Previously Announced Public Offering Of 78.74M Shares At $2.54 Per Share

Bitech to acquire battery energy storage systems, solar projects with capacity of up to 5.8 GW

An update from Bitech Technologies Corporation (BTTC) is now available. Bitech Technologies Corporation has announced a pivotal Business Combinatio...

Bitech Technologies' Strategic Acquisition of Emergen

Bitech Technologies Corporation (BTTC) has issued an announcement. Bitech Technologies Corporation has successfully acquired Emergen Energy LLC, be...

Bitech Technologies' Strategic Acquisition and NASDAQ Uplisting Move

Bitech Technologies completes a 2.425 GW solar project sale with expected $19.4M revenues

BTTC

Press Releases

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Bitech Technologies Executes a Binding LOA with Bridgelink for a Business Combination to Develop 5.8 GW of Utility Power for BESS and Solar Projects including Pre-Negotiated Financing and Key Resources Procurement

Commodities

Small Cap

Bitech Technologies Completes Due Diligence on BESS Projects to Prepare for a Business Combination

Bitech Technologies Appoints Sid Sung as Its New Chief Innovation Officer to Lead the Digital Revolution in the Renewable Energy Industry

Bitech Technologies Executes Definitive Agreement with Bridgelink for a Business Combination to Acquire Battery Energy Storage Systems and Solar Projects with estimated capacity of up to 5.8 GW

Bitech Technologies and Bridgelink Merge to Conquer U.S. Battery Energy Storage and Solar Markets, Prepare to Uplist on NASDAQ

Bitech Technologies Completes a 2.425 GW Solar Project Sale with Expected $19.4 Million Revenues

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IVDA

Bitech Technologies

Bitech Technologies Says It Completes 2.425 GW Solar Project Sale with Bridgelink Development For Expected $19.4M Revenues

Bitech Technologies Says It Received Initial Purchase Order For Innovative Energy-Saving VPP Solution To Enter the Building Energy Management System (BEMS) Market

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Bitech Technologies

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Latest news for Bitech Technologies (OTC:BTTC) Stock

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