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Stocks Waver Ahead of Powell Tomorrow
Powell speaks at Jackson Hole tomorrow | US/EU finalize details of trade detail | Meta pauses AI hiring asap
The One Read
August 21, 2025
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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 is set to make remarks at the annual Jackson Hole event tomorrow.
US Fed July meeting minutes released yesterday highlighting the concern the Fed still has around inflation.
US and EU have finalized the framework and details to sign a trade deal.
US weekly jobless claims data came in at 235k; est: 225k.
US existing home sales rose 2% compared to previous month data.
Department of Justice is looking at a possible probe around Fed Governor Lisa Cook.
S&P released its manufacturing and services PMI data today.
Apple (AAPL) announces company will raise Apple+ subscription costs.
Meta Platforms (META) announces a AI hiring freeze.
Anthropic the private AI startup is in talks to raise a $10b financing round.
Nvidia (NVDA) market prepares for chipmaker’s earnings next week.
Alphabet (GOOGL) announces new series of Pixel 10 smartphones.
Morgan Stanley (MS) believes the Fed won’t cut rates this year.
Earnings 💸
Zoom (ZM)
EPS: $1.53 beats (exp. $1.38)
Revenue: $1.21b beats (exp. $1.20b)
WalMart (WMT)
EPS: $0.68 misses (exp. $0.74)
Revenue: $177.4b beats (exp. $176.2b)
A note from The Pacaso 📣
From Italy to a Nasdaq Reservation
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S&P 500 Heatmap 🔥
Movers and Shakers 📷
📈 Top Gainers | AI Insights |
|---|---|
Strong Q2 results and bullish guidance lifted shares. | |
Earnings beat and guidance raise fueled investor optimism. | |
Upgraded by Goldman Sachs, attracting positive sentiment. |
🔻 Top Decliners | AI Insights |
|---|---|
Cracker Barrel $CBRL ( ▼ 0.73% ) | Logo redesign dropped iconic barrel, sparking negative reaction. |
$Walmart $WMT ( ▼ 1.15% ) | Revenue exceeded estimates but earnings miss led to a sell-off. |
$First Solar $FSRNQ ( ▼ 12.5% ) | Clean energy stocks dropped over policy comment concerns. |
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Recap Around the Street 🧠
Latest views on the markets after retail earnings of Home Depot and WalMart this week ahead of Jackson Hole tomorrow and Nvidia earnings next week, today’s interview by Cameron Dawson. (Contributed by Cameron Dawson, CIO at NewEdge Wealth).
US existing home sales rise MoM:
Source: Wall St Journal
Market Preview 🎞️
Friday, August 22nd: Jerome Powell speech at the annual Jackson Hole event
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