Stock Movers: Block Joins S&P 500, Domino's Pizza Earnings, Invesco ETF News

Block's S&P 500 Inclusion

• 🚀 Block (formerly Square) is set to join the S&P 500 index, a significant milestone for the digital payments and crypto firm.
• 💡 This inclusion is expected to open up passive investments, potentially attracting institutional and retail capital, similar to Coinbase's S&P 500 entry.
• 📈 The company has evolved beyond payments to offer peer-to-peer transfers, consumer loans via Cash App Borrow, and Bitcoin integration in Square terminals.
• 💰 Jack Dorsey, Chairman and Head of Block, has a net worth of $5.6 billion, with his 2024 compensation reported as $3.

Domino's Pizza Earnings and Stuffed Crust

• 🍕 Domino's Pizza reported higher second-quarter revenue but missed profit expectations, leading to choppy trading.
• ⚠️ Analysts are monitoring potential pressures on the stock, with some citing "positioning, expectations, and broader QSR/pizza concerns."
• 💡 The introduction of stuffed crust pizza attracted new customers and boosted the company's topline, with a focus on delivery platforms like DoorDash.
• 📈 Despite the mixed results, Domino's stock is up 10% year-to-date.

Invesco's ETF Revenue Unlock

• 📊 Invesco shares rose significantly after TD Cowen upgraded the stock to 'buy' following a strategic move with the QQQ ETF.
• 💰 The company is converting the QQQ ETF from a unit investment trust to an open-end fund, which is expected to unlock approximately $100 million in annual revenue.
• 📈 This change, described as a "game-changing event," has caused Invesco's stock to surge over 16% in the past two days.
• 🔍 The expense ratio for the QQQ ETF is 20 basis points, and the fund manages $355 billion in assets.