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The New Meme Stock
Truth, Goldman Sachs, Google
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Good Morning!
Happy Monday! Have a great week:
👉Trump Media shares surge
👉Goldman Sachs earnings are in
👉Google on the verge of deal
TRUMP: Shares Soar
Trump Media & Technology Group shares jumped ~50% in premarket trading on Monday after the attempted assassination of former President Donald Trump at a rally in Pennsylvania on Saturday. Analysts believe this incident could boost Trump’s chances in the November election.
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Source: CNN
Trump Media, the parent of Truth Social, has faced volatile trading and posted a $327.6 million loss in Q1. Analysts believe this incident could boost Trump’s chances in the November election. Trump Media, the parent of Truth Social, has faced volatile trading and posted a $327.6 million loss in Q1.
🎯 GRIT TAKE: The performance of Trump Media … upgrade to VIP now to read the full GRIT Take!
EARNINGS: Goldman Sachs
Goldman Sachs saw a significant earnings boost in the second quarter, thanks to strong performance from its trading unit. Both fixed-income and equity traders surpassed expectations, and a recovering capital markets business further improved results.
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Source: Bloomberg
However, Goldman earned fewer fees from arranging mergers than JPMorgan Chase. This is notable since Goldman usually leads in this area. Second-quarter earnings were 2.5 times higher than last year, with a net income of $3.04 billion on $12.7 billion in revenue. Fixed-income trading generated $3.18 billion, while stock trading earned $3.17 billion. Investment banking revenue fell short of estimates at $1.73 billion.
Acquisition: Google and Wiz
Google is reportedly in advanced talks to acquire cybersecurity firm Wiz for $23 billion, according to The Wall Street Journal. Founded in 2020 and led by CEO Assaf Rappaport, Wiz has quickly grown and was valued at $12 billion in May.
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Source: NBC
Known for its cloud security solutions, Wiz appeals to large firms and is backed by notable investors like Cyberstarts and Sequoia Capital. If finalized, this would be Google’s largest acquisition, highlighting its commitment to cybersecurity amid rising threats.
Chart of the Day
📊Harvard vs. Warren Buffett
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Source: @Carbon Finance
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GRIT Meme of the Day 😂
Tag GRIT Capital on social media for a chance to be featured in our meme or Tweet of the day in our GRIT daily newsletter! 👇
![](https://media.beehiiv.com/cdn-cgi/image/fit=scale-down,format=auto,onerror=redirect,quality=80/uploads/asset/file/7bc778b3-6db8-4c25-b2be-1e36c864edb2/IMG_6599.jpg?t=1721048016)
Source: @wallstreetoasis
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