Here’s a look at the companies making headlines before the close: Trump Media & Technology — Shares of the parent company of Truth Social surged 50% following Saturday’s assassination attempt on former President Donald Trump above. Some believe the attempt could increase Trump’s chances of winning the November election. Apple — Apple shares rose 2%. Loop Capital upgraded the tech giant to a buy rating, saying its upcoming and future AI integrations create opportunities for the iPhone maker to become the go-to home for generative AI. Bloomberg News also reported that as of March, the company’s sales in India increased 33% year-on-year to a record $8 billion. Super Micro Computer — Shares of Super Micro Computer, which makes graphics processing unit servers, rose 3.6% after the company announced it would replace drugstore chain Walgreens Boots Alliance on the Nasdaq 100 before trading begins on July 22. Shares fell less than 1% after second-quarter profit beat expectations. Goldman Sachs reported earnings of $8.62 per share on revenue of $12.73 billion, while analysts polled by LSEG expected earnings of $8.34 per share on revenue of $12.46 billion. Crypto Stocks – Bitcoin miners and cryptocurrency stocks rose as Bitcoin and Ethereum rose more than 4%. Coinbase was up about 5%, joining Marathon Digital, CleanSpark and Riot Platforms in gains. SolarEdge Technologies — Shares fell about 9% after the company announced plans to lay off 400 employees in an effort to restore profitability during a period of declining revenue. Other solar stocks were lower, with Sunrun and Sunnova Energy each down more than 6%. NextEra Energy fell 2%. CLEVELAND CLIFFS — Shares fell 3.5% after the steelmaker announced it would acquire Canadian steel mill company Stelco Holdings for C$3.4 billion (about $2.5 billion). Tesla — The electric car stock gained 4%, building on gains of more than 25% so far this month. AutoNation — Shares of AutoNation fell less than 1% after the auto retailer said it expected second-quarter earnings to take a hit due to a cyber incident at third-party information systems provider CDK Global. BlackRock — Shares rose 1.2%. The world’s largest asset manager reported second-quarter adjusted earnings of $10.36 per share, beating the LSEG consensus estimate of $9.93. However, revenue of $4.81 billion fell short of expectations of $4.85 billion. Baxter International — The medical products stock fell more than 2% after being downgraded to underweight from equal weight by Morgan Stanley. The investment firm said that while Baxter is trading at its lowest level in nearly a decade, its upside is limited. —CNBC’s Lisa Han, Hakyung Kim, Sarah Min, Jesse Pound and Pia Singh contributed reporting.
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