Brent Hits $95 as Super Micro Jumps 14% and Weighs on Wednesday Stock Outlook
Updated
Updated · CNBC · Jul 22
Brent Hits $95 as Super Micro Jumps 14% and Weighs on Wednesday Stock Outlook
3 articles · Updated · CNBC · Jul 22
Summary
$95 Brent crude and premarket weakness in SK Hynix led Cramer to expect a difficult session for stocks, with Nasdaq futures pacing early declines.
Super Micro surged more than 14% after stronger preliminary quarterly margins and more than $60 billion in June-quarter orders, while Dell rose 2% in sympathy.
AT&T climbed over 4% on an earnings beat, strong fiber and wireless customer additions, and plans to accelerate buybacks despite Starlink competition concerns.
GE Vernova fell 4% after a noisy quarter, though Cramer highlighted 88% order growth and a higher full-year revenue guide as support for the AI power-buildout theme.
Elsewhere, Capital One posted a beat with shares flat, mortgage applications unexpectedly rose 1.9%, and analysts cut targets on Danaher and Arm ahead of tougher outlooks.