U.S. stock market midday update: Garmin down 7.01%

U.S. Stock Market Midday Update

Garmin, down 7.01%, with increased trading volume. Based on recent key news:

1. On July 30, Garmin announced its second-quarter financial report, with revenue of $1.81 billion, exceeding expectations, but the stock price fell due to profit-taking by investors.

2. On July 30, Garmin raised its full-year performance forecast, expecting revenue of $7.1 billion and EPS of $8, but the market reacted lukewarmly.

3. On July 31, despite Garmin's strong financial performance, some investors chose to lock in profits, leading to a decline in the stock price.

Stocks with High Trading Volume in the Industry

Sony rose 0.33%, with increased trading volume. Based on recent key news:

1. On July 29, Sony initiated a copyright and trademark infringement lawsuit against Tencent, accusing Tencent's "Wild Frontier" of plagiarizing the "Horizon" series, seeking damages and an injunction, which enhanced market expectations for Sony's legal victory, driving the stock price up.

2. On July 28, Sony signed a strategic business alliance agreement with Bandai Namco and acquired a 2.5% stake, with the market optimistic about the cooperation prospects, pushing the stock price higher.

3. On July 28, the animated film released by Sony's Aniplex surpassed 10 billion yen at the box office, setting the fastest record in Japanese film history, boosting market confidence and increasing the stock price.

Sonos rose 2.03%, with increased trading volume. Based on recent key news:

1. On July 29, Coliseum Capital Management, LLC reported acquiring common stock of Sonos Inc. Following this news, Sonos's stock price rose 2.03%.

2. On July 30, analysts maintained a hold rating on Sonos but noted that five other stocks were more worthy of investment. Nevertheless, Sonos's stock price still increased.

3. On July 30, Sonos's trading volume significantly increased, indicating growing market interest in the stock.

Gopro rose 5.81%, with increased trading volume. Based on recent important news:

1. On July 28, Goldman Sachs pointed out a significant rise in speculative trading indicators, reflecting increased trading volume in unprofitable stocks and high EV/sales multiple stocks, driving Gopro's stock price up 5.81%.

2. On July 28, the S&P 500 rose due to the U.S.-EU trade agreement, with positive market sentiment further supporting Gopro's stock price.

3. On July 28, the U.S. and EU avoided tariff disputes, European stock markets rose, and global market optimism spread, boosting Gopro's stock price.

Stocks with High Market Capitalization in the Industry

Universal Electronics fell 0.48%, with increased trading volume. Based on recent key news:

1. On July 3, the stock price of Oboe Zhongguang-UW fell 4.82%, with a net outflow of 40.8848 million yuan in main funds, accounting for 0.27% of the circulating market value

2. On July 16th, Midea Group had a block trade with a transaction amount of 2.9211 million yuan, at a premium of 0.44%.

3. On July 16th, Jingce Electronics had a block trade with a transaction amount of 9.52 million yuan, at a discount of 5.34%