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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 CPI inflation print came in at 2.7% vs street estimates of 2.8%.

  

• US President Trump extends China tariffs another 90 days.

• US President Trump appoints EJ Antoni to lead the Bureau of Labor Statistics (BLS).

• Nvidia, AMD (NVDA, AMD) agree to pay the US government 15% for chip sales in China.

• Bitmine (BNBR) looks to raise an additional $20b to possibly add to its $ETH holdings.

• Tesla (TSLA) receives Texas permit to run ride-hailing services unsupervised in the state.

• Alphabet (GOOGL) Perplexity the AI search startup is offering to buy Google chrome for $34.5b.

• S&P 500 (SPX) continues its rally after a softer than expected CPI print, suggesting a rate cut in September could be on the horizon.

Earnings 💸

• Sea Limited (SE)

  • EPS: $0.65 misses (exp. $0.73)

  • Revenue: $5.26b beats (exp. $4.97b)

• Circle (CRCL)

  • Revenue: $658m beats (exp. $644.72m)

A note from Pacaso 📣

From Italy to a Nasdaq Reservation

How do you follow record-setting success? Get stronger. Take Pacaso. Their real estate co-ownership tech set records in Paris and London in 2024. No surprise. Coldwell Banker says 40% of wealthy Americans plan to buy abroad within a year. So adding 10+ new international destinations, including three in Italy, is big. They even reserved the Nasdaq ticker PCSO.

Invest for $2.90/Share

_{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

• ❇️ $MRCY (Mercury Systems): Strong earnings beat and confident outlook

• ❇️ $SE (Sea Limited): Robust Q2 growth across e-commerce, fintech, and gaming

• ❇️ $RKT (Rocket Companies): Positive momentum with rate cuts looming

• ❇️ $ASTS (AST SpaceMobile): Progress on satellite network deployment

🔻 Top Decliners

• 🔴 $KODK (Eastman Kodak): Concerns after a weak quarter

• 🔴 $CE (Celanese): Lowered demand outlook and reduced guidance

• 🔴 $LPSN (LivePerson): Ongoing restructuring weighs on shares

this section is powered by AI

Recap Around the Street 🧠

Here you can see EPS estimates for 2025 and 2026 both moving higher, a supportive backdrop for risk assets. These forecasts remain below their prior highs, despite the market trading to new all-time highs, reflecting the large portion that multiple expansion has contributed to index returns.(Contributed by Cameron Dawson, CIO at NewEdge Wealth).

Sea Limited earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️ 

• Wednesday, August 13th: MBA mortgage applications; EIA Crude Oil inventories

• Wednesday earnings: Uber (UBER), Shopify (SHOP), Walt Disney (DIS), Draftkings (DKNG), and Ionq (IONQ) 

• Thursday, August 14th: Weekly jobless claims; Price producer index (PPI)

• Thursday earnings: The Trade Desk (TTD), Rocketlab (RKLB), Pinterest (PINS), Block (XYZ), and Twilio (TWLO) 

• Friday, August 15th: Monthly options expiration (OPEX); Retail sales data; Empire state manufacturing

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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