The Simple Side's Morning Market Espresso
Friday, July 11: A shot of actionable financial news that doesn't break the bank.
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I had someone request the daily stock updates to include fundamental and technical analysis, so this will be added at the very end of the newsletter!
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Market Overview
S&P 500: 6,288.75 (▼ 0.56%)
Dow: 44,629.00 (▼ 0.62%)
Nasdaq: 22,904.50 (▼ 0.47%)
Key Indicators
10-Year Treasury: 4.38% (▼ 0.54%)
VIX: 15.78 (▼ 4.46%)
Gold: $3,363.60 (▲ 0.07%)
Oil: $67.18 (▼ 0.67%)
Bitcoin: $115,938.70 (▲ 0.43%)
Top News & Movers
T-Mobile (TMUS)
Gained DOJ approval for its $4.4B acquisition of UScellular assets. The deal, which includes spectrum and customer acquisition, positions TMUS for continued market share growth in rural areas.
DallasNews (DALN)
Skyrocketed over 200% after Hearst agreed to acquire the company for $14/share—a 219% premium. This ends over a century of local control of The Dallas Morning News.
Lynas Rare Earths (LYSDY) and Iluka (ILKAF)
Both jumped on news that MP Materials will build a U.S. rare earth magnet supply chain with DoD support. Strategic shift could reduce dependence on Chinese imports.
Performance Food Group (PFGC)
Up 8.4% after reports surfaced of US Foods exploring a potential acquisition. Antitrust hurdles loom, but the consolidation could drive margin expansion.
MAG Silver (MAG)
Shareholders approved a $2.1B buyout by Pan American Silver (PAAS), boosting silver production capacity in a bullish commodities market.
Toro Corp (TORO)
Launched a tender offer to repurchase 4.5M shares at $2.75, using existing cash. The offer expires August 7.
ExxonMobil (XOM)
Suspended Mars crude purchases due to zinc contamination. The disruption is pressuring prices, with Shell (SHEL) and Chevron (CVX) also affected.
Google (GOOG)
Will offer steep cloud service discounts to the U.S. government, echoing similar Oracle moves. The strategy aims to secure large-scale contracts amid growing competition.
Levi Strauss (LEVI)
Raised FY revenue guidance to 4.5–5.5% growth. Direct-to-consumer strength drove a 9% Levi’s brand sales jump and record 62.6% gross margin.
WD-40 Company (WDFC)
Posted $156.9M in Q3 revenue with stronger gross margins. FY net sales growth narrowed to 6–9%, showing resilience in core product lines.
Tesla (TSLA)
Applied for Robotaxi testing in Phoenix, and will open its first Indian store in Mumbai next week. TSLA is ramping up international and autonomous growth initiatives.
HIVE Digital (HIVE)
Doubled its Bitcoin hashrate to 12 EH/s and aims for 25 EH/s by Thanksgiving. Shares up 6.9% premarket.
Capricor (CAPR)
Plunged 50% after receiving a complete response letter from the FDA requiring additional data on its lead therapy candidate, Deramiocel.
Bassett Furniture (BSET)
Beat Q2 EPS estimates by $0.09 and posted strong cash flow. Store and e-commerce expansion plans are underway.
Fundamental & Technical Watchlist
Price: $228.15 | Sector: Telecom | Market Cap: $259B
Technical View:
RSI(14): 40.99 – Approaching oversold
Price below 20-, 50-, and 200-day EMAs
MACD negative and momentum weakening
Key Levels: Support at $224, resistance at $233
Target: Cautious short-term; a close above $230 could regain bullish footing
Fundamental View:
GF Score of 86. Strong profitability and network expansion, now including UScellular assets. Growth remains solid despite competitive pressures.
Price: $21.64 | Sector: Mining | Market Cap: $2.2B
Technical View:
RSI(14): 62.03 – Positive momentum
Price comfortably above all major moving averages
MACD bullish and trending higher
Key Levels: Support at $20.50, resistance at $23
Target: $23.50 on continued strength, especially if silver stays hot
Fundamental View:
GF Score of 43. Recently approved acquisition by Pan American adds scale and operational leverage. Momentum play tied to metals bullishness.
Price: $13.56 | Sector: Media | Market Cap: $73M
Technical View:
RSI(14): 94.46 – Overbought
Massive gap-up suggests exhaustion risk
MACD extremely elevated, nearing parabolic territory
Key Levels: Watch for support near $11.80 and resistance at $14
Target: Short-term traders could fade this back toward $12.50 without fresh catalysts
Fundamental View:
GF Score of 55. The acquisition by Hearst creates a liquidity event. Premium likely caps upside from here, with trade now driven by arbitrage dynamics.
God bless.
-¢