Stocks have been sluggish as Trump announced additional tariffs. Bitcoin surges to hit a high of over $118,000

Aviation environment, Kratos is boosted by pentagonal drone push

7 minutes ago

Stocks of military drone makers Aerobilon (AVAV) and Kratos Defense & Security Solutions (KTO) took off Friday, the day after announcing a new government’s plan to unleash drone production in the United States on Friday.

In a video posted to X, Hegseth said he sent a note to commanders of all services who described him as “removing restrictive policies” regarding the purchase of the Pentagon. Hegseth added that senior officers must “overcome bureaucratic risk aversion in budgeting, arms and training.”

“Our enemy produces millions of cheap drones, but before us we were buried in bureaucratic red tape.”

The news has increased shares in Kratos Defense & Security Solutions by 12% in 2019. Aerovironment’s stock reached its all-time high on June 30, adding about two-thirds of its value this year, including 10% profit on Friday.

– Bill McCall

Levi Strauss jumped after strong revenues and boosted the outlook

1 hour ago 1 hour ago

Levi Strauss (Levi) shares rose Friday the day after denim retailers reported second-quarter results, breaking through analysis expectations and lifting full-year outlook.

Analyst T JP Morgan said Levy’s management had raised its price target from $18 to $23, and “there is no indication of moderation in the business momentum from June or three to three years.” With the new target, JPMorgan will surpass the average price target of $20.63, held by eight analysts tracked by Visible Alpha, split into six “buys” and two “hold” ratings.

Levi Strauss saw sales increase in all regions and in both male and female segments in the second quarter. Analysts said executives have become the number one women’s denim brand in the last 12 months.

Last quarter, Levi’s management said they were considering price changes to mitigate the impact of tariffs, but they planned it to be “surgical” if they had to raise them at all, rather than hiking prices across the board. JPMorgan analysts upgraded Levi stocks from “neutral” to “overweight” following the Q1 report, but lowered their price targets for concern that tariffs could hinder full-year profits.

Levi’s shares have recently grown 11% at around $22, trading at the highest level in over a year.

-Aaron McDade

Bitcoin will skyrocket to nearly $119,000 if record-breaking runs continue

2 hours 13 minutes ago

Bitcoin (BTCUSD) surpassed $118,000 for the first time, surpassing Thursday’s record, adding it to the company’s Treasury ministry and lawmakers passing custody law.

Bitcoin had recently been trading at $118,000 after rising to around $118,900 in the first half of Friday.

Bitcoin has won more than 25% so far this year, surpassing the S&P 500’s 7% rise and surpassing the AI ​​Darling Nvidia (NVDA) spike.

Bitcoin surged earlier this year with retail investors buying into ETFs along with the broader stock market after President Donald Trump imposed his “liberation day” tariffs in April. Since then, cryptocurrencies have been derived from a wave of companies participating in Strategy (MSTR) when loading into Bitcoin.

Crypto also increased legitimacy by President Trump establishing a strategic Bitcoin Reserve and the Senate passing the Genius Act. This is a bill that will allow private companies to issue Stablecoins. These are cryptocurrencies whose value is directly linked to state-issued currencies, often US dollars.

– Nisha Gopalan

Airline stock levels to watch after a big rally on Thursday

3 hours 27 minutes ago

The airline’s shares were under pressure early on Friday, returning some of the big profits posted yesterday after Delta Air Lines (DAL) reported better than expected revenues and recovered full-year guidance.

Delta stocks rose 12% in the results, with United Airlines (UAL) leading the S&P 500 progress on Thursday, with American Airlines (AAL) surged 13%.

Airline stocks faced headwinds earlier this year as President Donald Trump’s trade policy dented consumers and business trust. Delta CEO Ed Bastian said Thursday that the decision to restore year-round guidance reflects “our confidence in our business.”

delta

Delta stocks broke out from a symmetrical triangle. The main overhead areas on the chart sit at $59 and $70, while the key support level is $50. Delta stocks fell 2% to $55.50 at the opening hours of Friday’s session.

United

United’s stock vibrated within the ascending triangle before it surpassed the Thursday pattern and the 200-day moving average. The key overhead areas will be $104 and $116, but the retracement could potentially find support around $83. United’s shares fell about 2% to about $90 in early trading on Friday.

Americans

American Airlines stocks broke out from the main horizon, dating back to September last year. This also marks the neckline with a double bottom pattern. There is a noticeable overhead area to watch you sit at $15 and $17.50, but the $12 level may provide support. American stocks have recently dropped 2.5% to $12.60.

– Timothy Smith

Major stock index futures move low

4 hours 34 minutes ago

Futures tied to the Dow Jones industrial average fell 0.6%.

S&P 500 futures also fell 0.6%.

The Nasdaq 100 futures were off 0.5%.