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Welcome Back,

Introducing a new section in the newsletter today - ‘Movers and shakers’ scroll below and let us know what you think of it! Should we keep it?!

Market Headlines 👀 

• US Federal Reserve Chair Powell gives his annual speech at Jackson Hole providing dovish commentary.

• Canada says it will rollback retaliatory tariffs on the US.

• Nvidia (NVDA) reports surface of Nvidia telling suppliers to pause working on H20 chip production.

• Intel (INTC) announces it will sell 10% stake to the US government.

• Apple (AAPL) will try and leverage Google’s Gemini AI to revamp Siri.

A note from The Pacaso 📣

From Italy to a Nasdaq Reservation

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Movers and Shakers 📷 

📈 Top Gainers

❇️ $ZM ( ▲ 12.71% )  (Zoom): Jumped after beating Q2 earnings expectations and raising its full-year outlook

❇️ $RKT ( ▲ 9.27% )  (Rocket Companies) : Rallied on optimism around falling mortgage rates

❇️ $ENPH ( ▲ 10.41% )  (Enphase Energy): Gained as clean energy stocks surged amid lower-rate expectations

❇️ $FSLR ( ▲ 5.35% )  (First Solar): Climbed on favorable clean‑energy sentiment and updated tax‑credit guidance

❇️ $TSLA ( ▲ 6.22% ) (Tesla): Rose as rate‑sensitive sectors rallied

🔻 Top Decliners

🔴 $INTU ( ▼ 5.03% )  (Intuit): Slipped after offering weak forward guidance despite strong Q2 results

🔴 $WDAY ( ▼ 2.77% )  (Workday): Declined following cautious Q3 outlook and acquisition-related uncertainty

🔴 $BJ ( ▼ 8.53% )  (BJ’s Wholesale Club): Dropped after missing Q2 revenue estimates despite raising full-year earnings guidance

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Recap Around the Street 🧠

Markets rally after a very dovish Powell at Jackson hole today, setting up a September rate cut.

Market Preview 🎞️ 

• Nvidia earnings next week!

Enjoy reading?👇

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

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