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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 👀 

• Apple (AAPL) announces annual launch event which will include the new

  iPhone 17 to take place on September 9th.

• Nvidia (NVDA) announces ‘Jetson Thor’ its developer kit to accelerate physical AI products and robots.

• Nvidia (NVDA) says there were zero H-20 chip sales to China last quarter.

• OpenAI CEO Sam Altman says he does believe AI is in a bubble right now.

• Cracker and Barrel (CBRL) announces it will revert back to its old logo after facing a lot of criticism on the new design, stock gains.

• Alphabet (GOOGL) says they have eliminated 35% of manager roles overseeing small teams.

Earnings 💸

• Nvidia (NVDA)

  • EPS: $1.05 beats (exp. $1.01)

  • Revenue: $46.7b beats (exp. $46.05b)

  • Data center revenue: $41.1b misses (exp. $41.2b)

• Snowflake (SNOW)

  • EPS: $0.35 beats (exp. $0.27)

  • Revenue: $1.15b beats (exp. $1.09b)

• CrowdStrike (CRWD)

  • EPS: $0.93 beats (exp. $0.83)

  • Revenue: $1.17b beats (exp. $1.15b)

A note from The 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.}

Movers and Shakers 📷 

📈 Top Gainers

❇️ $KSS ( ▼ 4.95% )(Kohl’s): Surged after outperforming profit forecasts and raising guidance, benefiting from a successful restructuring strategy.
❇️ $CBRL ( ▼ 3.64% )(Cracker Barrel): Rose after reinstating its old logo following customer feedback.
❇️ $GOOS ( ▼ 6.79% )(Canada Goose): Jumped significantly after reports that Bain Capital, the majority stakeholder, is receiving proposals to take the company private.
❇️ $MDB ( ▲ 7.57% )(MongoDb): Stock surges after a strong print yesterday.

🔻 Top Decliners

🔴 $SJM ( ▲ 0.99% )(J.M. Smucker): Fell sharply after posting a quarterly loss blamed on higher coffee prices and declining coffee sales.
🔴 $SBAC ( ▼ 1.0% )(SBA Communications): Dropped after a Bank of America downgrade due to concerns about AT&T spectrum asset acquisitions.

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Recap Around the Street 🧠

Nvidia earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

CrowdStrike earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️ 

• Thursday, August 28th: Weekly jobless claims; Pending home sales; Final Q2 GDP

• Friday, August 29th: Personal consumption and expenditure (PCE); University of Michigan consumer sentiment data

Enjoy reading?👇

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

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