Gilead Sciences

• Dow futures fell while oil prices rose due to escalating attacks in Iran.

• Three U.S. servicemembers were killed in the attacks.

• Key earnings reports from Google, Tesla, Intel, and GE Vernova are upcoming.

• Gilead faces challenges with HIV treatments as patent expirations approach.

• Eli Lilly is highlighted for strong earnings performance and is in a buy zone.

• Intel prepares for its Q2 earnings report amid a chip market sell-off.

• Biotech stocks remain attractive to investors despite AI stock declines.

• Gilead Sciences leads in HIV treatments, facing competition from other drug companies. $Gilead Sciences(GILD.US)

• The stock market is experiencing a sell-off, particularly in AI-related stocks.

• CrowdStrike is expanding into AI Detection and Response, boosting its stock performance.

• Upcoming earnings reports from Google, Tesla, and Intel are critical for the AI sector.

• The semiconductor market is struggling, with chip stocks entering bear territory.

• Biotech stocks remain strong despite the downturn in AI stocks.

Healthcare is the leader at moment. Not one name. I see a cluster:

- M&A rocket: $Crinetics Pharmaceuticals(CRNX.US) +116% in July on $Vertex Pharma(VRTX.US) $10B buyout at $85

- Mega cap momentum: $Eli Lilly(LLY.US) 52 week high, revenue +47%

- YTD monsters: $Moderna(MRNA.US) +170%, $Gilead Sciences(GILD.US) +5% today

- Defensive flows: $Johnson & Johnson(JNJ.US) $Unitedhealth(UNH.US) $Welltower Op(WELL.US) all at highs

Meanwhile $MAGS is bleeds=ing and $XLK is red. The pattern is, institutions are rotating into pharma and biotech.

Watch the cluster: #UNH $Eli Lilly(LLY.US) $Vertex Pharma(VRTX.US) $Crinetics Pharmaceuticals(CRNX.US) $Moderna(MRNA.US) $Gilead Sciences(GILD.US) $Johnson & Johnson(JNJ.US) $TG Therap(TGTX.US) $Revolution Medicines(RVMD.US)

Always keep an eye on the sector rotation.