Buzzberg Cup Live

Market Midday: Stocks Rise, SK Hynix Jumps on U.S. Debut; Delta Profit Up • 7/10/26

Watch on YouTube ↗  |  July 10, 2026 at 16:47  |  3:56  |  CNBC
Speakers
Kristina Partsinevelos — Markets Reporter, CNBC
Ed Bastian — CEO of Delta Air Lines
Pippa Stevens — Markets and Energy Reporter, CNBC
Carl Quintanilla — Anchor, CNBC
Jessica Ettinger — Anchor, CNBC

Summary

U.S. stocks rose with Nike and Nvidia leading the Dow. SK Hynix debuted its ADR in the U.S., surging on strong demand. The housing bill became law without the President's signature. Delta Air Lines' CEO expressed confidence in demand and profit goals despite higher fuel costs. Refining stocks hit records as tight global capacity kept fuel prices elevated.

  • SK Hynix ADR debuted in the U.S. and traded well above its listing price amid strong liquidity, offering a pure-play high-bandwidth memory name tied to Nvidia.
  • The housing bill became law automatically, capping institutional single-family home purchases and easing builder rules.
  • Delta CEO Ed Bastian reported a strong quarter, offsetting surging fuel costs, and said the 2026 profit goal is within reach.
  • Refining stocks Valero and Marathon Petroleum hit record highs as gasoline and diesel futures jumped on tight global refining capacity.
  • U.S. crude oil was around $72/bbl, and gasoline prices rose again.
  • First-class stamp prices will increase to 82 cents.
Ideas
Kristina Partsinevelos Markets Reporter, CNBC 0:39
Leader in high-bandwidth memory, Nvidia linked.
SK Hynix ADR debuted in the U.S. above its listing price with strong demand and liquidity. The company is the leader in high-bandwidth memory, a key Nvidia supplier, and offers U.S. investors a pure-play memory opportunity that dominates where the Nvidia connection matters.
000660.KS MED
Ed Bastian CEO of Delta Air Lines 2:15
Strong demand, profit goal within reach.
Delta posted a $1.4 billion profit with 9% margins despite a 75% surge in fuel costs. Demand for air travel remains very strong and Delta is capturing over 60% of industry profits with only 20% market share. The original 2026 profit goal is within reach.
DAL HIGH
Pippa Stevens Markets and Energy Reporter, CNBC 3:14
Tight refining capacity lifts fuel, benefits refiners.
Refining stocks like Valero and Marathon Petroleum hit record highs thanks to a jump in gasoline and diesel futures. A flood of stranded crude exited the Strait of Hormuz, but there is little spare refining capacity globally, which keeps fuel prices elevated and benefits refiners.
VLO MPC MED
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This CNBC video, published July 10, 2026, features Kristina Partsinevelos, Ed Bastian, Pippa Stevens discussing 000660.KS, DAL, VLO, MPC. 3 trade ideas extracted by AI with direction and confidence scoring.

Speakers: Kristina Partsinevelos, Ed Bastian, Pippa Stevens  · Tickers: 000660.KS, DAL, VLO, MPC