Welcome Back,

In Partnership with ZenLedger 🤝 

Market Headlines 👀 

• US PPI came in at 2.2% YoY; est: 2.3%.

• US CPI will be reported tomorrow morning, street estimates are 3% YoY.

• Starbucks (SBUX) announces it will appoint Chipotle’s current CEO Brian Niccol as their next CEO.

• X (TWTR) Elon Musk held a chat live on X yesterday with former president Trump.

• Alphabet (GOOGL) announces first AI powered Android update.

Earnings 💸

• Home Depot (HD)

  • EPS: $4.67 beats (exp. $4.52)

  • Revenue: $43.18b misses (exp. $43.8b)

• Sea Limited (SE)

  • EPS: $0.14 misses (exp. $0.19)

  • Revenue: $3.81b beats (exp. $3.72b)

A note from ZenLedger 📣

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S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

CPI Estimates for Wednesday:

The S&P 500 bounced back last week, taking out its 100 day moving average in strong trading on Friday. The next level of resistance is at the 50 day moving average. (Contributed by Cameron Dawson, CIO at NewEdge Wealth).

Market Preview 🎞️ 

• Wednesday, August 14th: MBA mortgage applications; Consumer price index (CPI)

• Wednesday earnings: Cisco (CSCO), and UBS (UBS)

• Thursday, August 15th: Weekly jobless claims; Retail sales

• Thursday earnings: Walmart (WMT), Alibaba (BABA), JD.com (JD) and Grab Holdings (GRAB)

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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