Stock Movers: Trump Media ETF Filing, Ulta Beauty's In-Store Services, and Dow's Rebound

Trump Media Enters Cryptocurrency ETF Space

• 🚀 Trump Media (DJT) shares are trading higher following a new SEC filing for an exchange-traded fund (ETF) focused on digital assets.
• 💡 This proposed "Crypto Blue Chip" fund aims to hold cryptocurrencies such as Bitcoin, Ether, Solana, Kronos, and XRP.
• 📈 This marks Trump Media's third ETF filing, indicating a strategic push into the digital asset market, leveraging the brand's recognition.

Ulta Beauty's Differentiated In-Store Services

• 💄 Ulta Beauty (ULTA) shares are on the rise, with a price target increase to $550 from $485 by D.A. Davidson.
• 💰 Bloomberg Intelligence highlights Ulta's in-store services, such as salon offerings, as a key differentiator.
• 📊 Customers utilizing these in-store services spend three times more than those who only purchase products from shelves.
• ✅ Ulta reaffirmed its outlook for fiscal 2025, signaling confidence in its business performance.

Dow Rebounds After Plant Closures and Downgrade

• 📈 Dow (DOW) shares are showing a significant rebound, extending gains to over 7% after a prior fall.
• ⚠️ The company announced the closure of three plants in Europe, expecting charges of up to $790 million.
• 📉 Moody's downgraded Dow's debt rating to BA2, citing a history of high dividend payouts and share repurchases despite weaker earnings.
• 🗓️ Dow is scheduled to report its earnings on July 24th, where the impact of these impairments may be detailed.