Bloomberg Podcasts · Stocks Rise Despite Selloff in Chipmakers; Ford Headlines Earnings | Closing Bell

1. 1. The S&P 500 was little changed on the day, but the equal-weighted index rose 1.1%, indicating a rotation beneath the surface.
2. 2. The Philadelphia Semiconductor Index fell for a fourth straight day, raising concerns about the circularity of financing deals in the AI supply chain.
3. 3. Caesars Entertainment reported a second-quarter loss per share of $0.30 and net revenue of $3 billion, with same-store revenue missing estimates.
4. 4. Corvus (likely Corning) beat earnings estimates with adjusted EPS of $1.64 versus $1.10 expected, and revenue of $785 million, slightly above estimates.
5. 5. Skyworks and Corvus (likely Corning) announced steps toward a combination, including a leadership team and $2 billion in acquisition debt financing.
6. 6. Coca-Cola raised its full-year outlook after topping earnings and sales expectations, with organic sales up 5% and North America up 7%.
7. 7. Boeing reported better-than-expected free cash flow of $631 million in Q2, beating estimates of a $331 million outflow, despite a $280 million Air Force One charge.
8. 8. Ford beat Q2 adjusted EPS of $0.42 versus $0.36 expected, and raised its full-year EBIT guidance to $10-11 billion from $8.5-10.5 billion.
9. 9. Visa reported Q3 adjusted EPS of $3.32, beating the $3.23 estimate, and net revenue of $11.6 billion, above forecasts.