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AppLovin Drops 12.7% to $448 — BofA E-Commerce Pixel Slowdown Data and AI Trade Risk-Off Compound Insider Selling Overhang

AppLovin shares fell 12.7% to close at $447.93 on Monday, the worst performer in the S&P 500, as a Bank of America analysis found the company's e-commerce pixel installations slowed to roughly 750 new additions in June from 950 in May. The decline was compounded by a broad AI trade risk-off triggered by the Hormuz blockade escalation and persistent concern over CEO Adam Foroughi's approximately $51 million in June share sales. AppLovin reports Q2 earnings on August 5, guiding for $1.93 billion in revenue.

Q2 2026 Bank Earnings Season Opens Tuesday — JPMorgan Consensus EPS $5.49, Goldman $14.47, Options Markets Price 4-6% Swings

JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and Goldman Sachs all report Q2 2026 earnings Tuesday before the open, the same morning as the June CPI release. Consensus expects JPMorgan EPS of $5.49 on $48.7 billion in revenue and Goldman EPS of $14.47 on roughly $16 billion — both reflecting year-over-year growth above 10%. Options markets are pricing single-day moves of 4.4% to 6.0%, and the KBW Bank Index is trading near record highs ahead of results.

Delta Air Lines Q2 2026 Adjusted EPS Beats at $1.56 vs. $1.48 Estimate — Record Fuel Bill of $3.93/Gallon Absorbs 25% Profit Drop

Delta Air Lines reported Q2 2026 adjusted earnings of $1.56 per share on adjusted revenue of $17.7 billion, beating Wall Street estimates of $1.48 EPS and $17.53 billion in revenue. Net income fell 25% year-over-year to $1.6 billion as fuel costs hit $3.93 per gallon — up 75% and the highest quarterly fuel expense in Delta's history. The carrier reaffirmed full-year adjusted EPS guidance of $6.50–$7.50 and guided Q3 for mid-teens revenue growth with $2.00–$2.50 adjusted EPS.

Vodafone Shares Rise 12% as Xavier Niel Buys 16.2% Stake for $5.9B — Telecom Consolidation Bet Dethrones e&

Vodafone Group shares jumped 12% Friday after French telecom billionaire Xavier Niel's Vega vehicle agreed to acquire Emirates Telecommunications Group's entire 16.2% stake in Vodafone for £4.4 billion, or $5.91 billion, at 112.5 pence per share. The deal makes Niel the largest single shareholder in Britain's biggest mobile operator and is seen as a signal of renewed European telecom consolidation interest. VOD stock hit a high of 110 pence in London before settling, with ADR shares surging on US markets.

ExxonMobil Gains 1.6%, Chevron 1.9%, ConocoPhillips 2.2% as Iran Re-Escalation Reverses Energy Sector's June Slide

ExxonMobil, Chevron, and ConocoPhillips gained 1.6%, 1.9%, and 2.2% respectively as Iran's renewed attacks on Strait of Hormuz shipping reversed the oil supply easing trade that had weighed on energy stocks since the June ceasefire. The US Treasury also revoked the waiver allowing Iran to sell oil globally, a move that could materially re-tighten the crude market. Energy is the sole S&P 500 sector in positive territory as broader equity markets sink.

Oil Slides Below $71 as US-Iran Qatar Talks Progress — Four-Month Low Cuts Inflation Risk Ahead of Jobs Data

Crude oil fell to a four-month low below $71 a barrel after US and Iranian officials held successful indirect talks in Qatar on safe cargo passage through the Strait of Hormuz, according to diplomatic sources. The decline extends a trend from last week's Burgenstock roadmap agreement and materially eases the inflation backdrop ahead of Thursday's June nonfarm payrolls report. Energy sector stocks are under pressure while airlines and transportation stand to benefit from lower jet fuel costs.

Kroger Acquires Giant Eagle for $1.65 Billion — 197 Stores Across 5 States Expand Midwest Grocery Footprint

Kroger announced a definitive agreement to acquire Giant Eagle for $1.65 billion, comprising $1.25 billion in cash and roughly $400 million in assumed liabilities, adding 197 supermarkets and 11 standalone pharmacies across Ohio, Pennsylvania, West Virginia, Maryland, and Indiana. The deal, which carries Giant Eagle's roughly $9 billion in annual sales, is expected to close in 2027. Kroger plans to finance the acquisition with cash while maintaining its $2 billion share repurchase program.

SLS Surges 17.66%: Unpacking the Catalyst Behind the Stock's Sharp Increase

SLS sees a significant one-day surge. Analysts point to a combination of sector rotation and overlooked earnings potential as key drivers.

US Iran Ceasefire Agreement Halts Gulf Attacks; Oil Prices Drop 3.2% as Hormuz Shipping Resumes

The United States and Iran agreed to immediately halt tit-for-tat military strikes in the Gulf region following weekend clashes over the Strait of Hormuz. Oil futures plunged more than 3% on the news as shipping lanes reopened and technical talks are scheduled to resume in Doha this week. The de-escalation eases immediate supply disruption fears for global energy markets and supports risk assets.