Stockwinners Market Radar for July 21, 2024 - Earnings, Upgrades downgrades, option trades, Best Stock Advisory Service

20:36 EDT Fly Intel: Top five weekend stock stories - Catch up on the weekend's top five stories with this list compiled by The Fly: 1. In a post on the social media site X, President Joe Biden said it was dropping out of the 2024 presidential race. "It has been the greatest honor of my life to serve as your President. And while it has been my intention to seek reelection, I believe it is in the best interest of my party and the country for me to stand down and to focus solely on fulfilling my duties as President for the remainder of my term. I will speak to the Nation later this week in more detail about my decision." In a separate post, the U.S. President endorsed its VP Kamala Harris for president. 2. Boeing's (BA) commercial airplane chief said the planemaker has settled on the design to address an engine anti-ice system that has significantly delayed certification of the 737 MAX 7 and suggested a fix could be completed by next year, Reuters' David Shepardson reports. The company also said it is seeing a significant improvement in production flow at its 737 MAX factory, as the U.S. planemaker battles to overcome a safety crisis, according to the publication. Boeing expects delayed suppliers to catch up on parts that have slowed production of its 787 jets to below a rate of five a month, as the U.S. planemaker works to restore output of two key commercial programs by the year's end. 3. The odds that former President Donald Trump will win the 2024 election are rising, and more stocks have joined the market's rally. That's not a coincidence, Jacob Sonenshine writes in this week's edition of Barron's. Small-cap stocks that have experienced upward revisions to 2024 earnings since the start of the year while also being heavily shorted could outperform. That's because a little bit of good news could cause those betting against the stock to cover their shares, creating a short squeeze. Stocks that make the list include Construction Partners (ROAD), Sterling Infrastructure (STRL), ServisFirst Bancshares (SFBS), Alpha Metallurgical Resources (AMR), and Cabot (CBT). All five have short interest between their 73rd and 100th percentiles since 2022 and have seen 2024 earnings estimates rise by 3% to 15% since the start of the year, the author says, adding that Sylvamo (SLVM) also looks particularly interesting. 4. Comcast (CMCSA) subsidiary Universal's "Twisters" won the domestic box office this weekend with a huge $80.5M debut, making it the best opening ever for a natural disaster movie. The Lee Isaac Chung's film sports also the third biggest start of the year behind "Inside Out 2" and "Dune: Part Two." "Twisters" has a 77% Rotten Tomatoes score from critics and a 92% score from audiences, while holding an A- from CinemaScore. Overseas, the movie came in slightly behind expectations with $27.1M from 76 markets for a total of $42.7M after opening in some markets ahead of its domestic debut. 5. Visa (V) and Femsa (FMX) saw positive mentions in this week's edition of Barron's.

08:39 EDT Microsoft says 8.5M Windows devices affected by Crowdstrike-related outage - In a blog post, Microsoft (MSFT) said that it currently estimates Crowdstrike's (CWRD) update affected 8.5M Windows devices, "or less than one percent of all Windows machines." "While the percentage was small, the broad economic and societal impacts reflect the use of CrowdStrike by enterprises that run many critical services. This incident demonstrates the interconnected nature of our broad ecosystem - global cloud providers, software platforms, security vendors and other software vendors, and customers. It's also a reminder of how important it is for all of us across the tech ecosystem to prioritize operating with safe deployment and disaster recovery using the mechanisms that exist," the company said. Reference Link