S&P 500 Surges Over 2%; Caterpillar Earnings Beat Estimates Dow, NASDAQ, S&P 500, Benzinga, Eurozone, Avi Kapoor, U.S. stocks, ThredUp (TDUP), Blue Owl Capital, Clear Secure (YOU), Asia Pacific Markets, Trade deficit in U.S., Caterpillar Inc. (CAT), TG Therapeutics (TGTX), Lumen Technologies (LUMN), Elevation Oncology (ELEV), Jumia Technologies (JMIA), .. - by https://www.benzinga.com/

AI Insights:

Simple Explanation:

we talked about how the cat machine company did better than people thought in making money last quarter. the cat machine company is hoping to sell less stuff this year than they did last year, but they think they'll do okay. also, some other companies like clear secure and tg therapeutics did better than people thought in making money last quarter too. Read from source...

Critical Perspective:

- Caterpillar Inc. (CAT) beat earnings expectations despite sales and revenues declining 4% YoY, CAT anticipates 2024 sales and revenues to be slightly lower than 2023, the decline in the second half being roughly similar to the first half.
- TG Therapeutics (TGTX) reported better-than-expected quarterly financial results, raised its FY24 Briumvi U.S. net product revenue, entered into a term loan facility with Blue Owl Capital, and its shares shot up 23%.
- Clear Secure (YOU) reported better-than-expected second-quarter financial results, issued third-quarter revenue guidance above estimates, and its shares surged 25%.
- Lumen Technologies (LUMN) secured $5 billion in new business from companies seeking to secure their fiber capacity, and its shares were up, gaining 87%.
- Elevation Oncology (ELEV) second-quarter results caused its shares to drop 60%.
- Jumia Technologies (JMIA) worse-than-expected quarterly sales results caused its shares to fall 52%.
- ThredUp (TDUP) second-quarter results led to its shares falling 56%.
- Eurozone retail sales declined 0.3% MoM in June, and the HCOB Eurozone construction PMI declined to 41.4 in July, recording the lowest reading in six months.
- Asian markets closed mostly higher on Tuesday, with Japan's Nikkei 225 jumping 10.23%.
- U.S. trade deficit shrank to $73.1 billion in June, exports increased by 1.5% to $265.9 billion in June.

Sentiment Analysis:

bullish

### JASON:
Article's Sentiment (bearish, bullish, negative, positive, neutral): bullish

### DAVID:
Article's Sentiment (bearish, bullish, negative, positive, neutral): neutral

Investment Analysis:
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Sentiment Analysis:

Investment Analysis: We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.

Investment Analysis:
We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.