TMTB EOD Wrap

QQQs +1% on a fairly quiet summer day. Yields fell a bit as oil prices fell 9% (Iran’s attempt at a retaliatory missile launch at a U.S. Qatar base was a dud). Fed expects shifted in a dovish direction, now pricing in 55-60bps worth of cuts after Fed gov Bowman echoed Waller on Monday saying a rate cut could happen as soon as the Jul 30 meeting.

Let’s get to it…

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INTERNET

• DASH +4.5% as RJ upgraded to Strong Buy and raised PT to $260 citing ROO synergy (mid to high teens EBITDA accretion) and advertising upside