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Welcome Back,

Market Headlines 👀 

• Apple (AAPL) is set to unveil its latest suite of products at its highly anticipated annual event tomorrow.

• Robinhood (HOOD) will debut its new offerings at its “Hood Summit” scheduled for tomorrow after market hours.

• Robinhood (HOOD) following Friday’s market close, S&P announced that Robinhood (HOOD) and AppLovin will be added to the index in its upcoming rebalancing later this month.

• Databricks private AI startup is projecting $4b in revenue.

• Stubhub (STUB) is looking to raise $850m in its upcoming IPO.

• SpaceX announces acquisition of EchoStar’s spectrum for Starlink’s direct-to-phone service for $17b.

Earnings 💸

• Oracle (ORCL); Gamestop (GME) earnings tomorrow.

• Adobe (ADBE) earnings Thursday.

A note from The Pacaso 📣

How 433 Investors Unlocked 400X Return Potential

Institutional investors back startups to unlock outsized returns. Regular investors have to wait. But not anymore. Thanks to regulatory updates, some companies are doing things differently.

Take Revolut. In 2016, 433 regular people invested an average of $2,730. Today? They got a 400X buyout offer from the company, as Revolut’s valuation increased 89,900% in the same timeframe.

No wonder 10K+ everyday people are taking the chance on Pacaso.

Founded by a former Zillow exec, Pacaso’s co-ownership tech reshapes the $1.3T vacation home market. They’ve earned $110M+ in gross profit to date, including 41% YoY growth in 2024 alone. They even reserved the Nasdaq ticker PCSO.

The same institutional investors behind Uber, Venmo, and eBay backed Pacaso. And you can join them. But not for long. Pacaso’s investment opportunity ends September 18.

Invest While You Still Can

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

S&P 500 Heatmap 🔥 

Movers and Shakers 📷 

📈 Top Gainers

❇️ $RAPP ( ▲ 6.49% )  (Rapport Therapeutics): Surged over 115% after strong growth momentum and positive investor sentiment.
❇️ $SKYQ ( ▲ 8.5% )  (Sky Quarry): Jumped more than 70% on investor excitement, though still below its three-month highs.
❇️ $XAIR ( ▲ 5.58% )  (Beyond Air): Rose 65% following updated clinical results and renewed interest from biotech investors.
❇️ $HOUR ( ▲ 15.04% )  (Hour Loop): Climbed amid high trading volume and optimistic short-term forecasts.
❇️ $SNTG ( ▼ 1.18% )  (Sentage Holdings): Increased 50% as specifications for a business update drove trading activity.
❇️ $HOOD ( ▼ 0.71% )  (Robinhood): Shares soared around 15% after it was announced that Robinhood will be added to the S&P 500 index later this month.
❇️ $CPNG ( ▲ 1.07% )  (Coupang): Gained noticeably as strong e-commerce results and growth in international markets drove the stock higher.

🔻 Top Decliners

🔴 $NFE ( ▼ 6.22% )  (New Fortress Energy): Fell as energy sector volatility pressured shares lower.
🔴 $IPDN ( ▼ 17.5% )  (Professional Diversity Network): Declined 32% despite a recent price surge driven by speculation.
🔴 $CDT ( ▼ 1.39% )  (CDT Equity): Lost on disappointing financial results and a negative monthly trend.
🔴 $SOGP ( ▲ 7.48% )  (Sound Group): Decreased 22% following a recent rally, as traders locked in profits.

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Recap Around the Street 🧠

Here is the latest on the state of the job market after non-farm payrolls data on Friday:

Morgan Stanley shares their target fed funds rate predictions, where it sees terminal rates down to 2.75-3% by the end of next year.

Market Preview 🎞️ 

• Tuesday, September 9th: Apple annual iPhone event; Goldman sachs tech conference all week; NFIB small business optimism

• Wednesday, September 10th: MBA mortgage applications index; Price producer index (PPI); Wholesale inventories

• Thursday, September 11th: Weekly US jobless claims; Consumer price index (CPI);

• Friday, September 12th: University of Michigan consumer sentiment

Enjoy reading?👇

That’s all for today, folks! We’ll be back around the same time Thursday with a curated list of important news, economic data and market highlights. 

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