After Hours Report

Stocks extended Monday's rally with another powerful advance as strong post-earnings reactions and a sharp rebound across semiconductor stocks continued to fuel the market's recovery. The S&P 500 rose 1.8% to claim record highs and close above the 7,700 level for the first time, while the DJIA gained 1.7%, also notching record highs. The technology-heavy Nasdaq Composite outperformed with a 2.6% gain, while the Russell 2000 (+1.9%) and S&P MidCap 400 (+1.8%) also posted strong advances, with the MidCap 400 finishing at a fresh all-time high.

Corporate earnings continued to shape leadership across the market, with investors rewarding strong results while rotating back into many of the technology names that struggled throughout July. The information technology sector climbed 4.1% as the PHLX Semiconductor Index surged 6.6%, extending yesterday's reversal with another broad-based advance. Marvell (MRVL 218.59, +24.82, +12.81%), Intel (INTC 100.94, +9.94, +10.92%), and Sandisk (SNDK 1427.62, +139.59, +10.84%) were among the group's standout performers, while software stocks also enjoyed another strong session. Palantir Technologies (PLTR 162.61, +36.96, +29.42%) finished as the S&P 500's top performer following its blowout earnings report, lifting the iShares Expanded Tech-Software Sector ETF (IGV) 4.7%.

The market's largest technology companies also remained a major source of strength. Microsoft (MSFT 492.81, +5.16, +1.06%) and NVIDIA (NVDA 211.94, +5.30, +2.56%) added to Monday's gains, while the broader rebound across semiconductor stocks helped reinforce the technology sector's leadership after a difficult July.

Outside of technology, several cyclical sectors also contributed meaningfully to the advance. The materials sector (+2.0%) benefited from continued strength in Freeport-McMoRan (FCX) as precious metals prices climbed, while the industrials sector (+1.8%) drew support from gains in electrical equipment stocks and a strong post-earnings rally in Caterpillar (CAT 876.54, +46.51, +5.60%) after the company delivered a beat-and-raise quarter.

The financials sector (+0.9%) also finished firmly higher, with Goldman Sachs (GS 1052.98, +25.92, +2.52%) and JPMorgan Chase (JPM 357.52, +4.88, +1.38%) helping lift the DJIA to another record close.

Although technology once again accounted for much of the index-level advance, participation broadened noticeably throughout the day. The S&P 500 Equal Weight Index climbed 1.4% after trailing the market-weighted index by a wider margin for most of the session. The strong gains in the Russell 2000 and S&P MidCap 400 further underscored investors' willingness to move beyond the market's largest companies.

Five S&P 500 sectors nevertheless finished lower as investors rotated away from more defensive areas of the market. The utilities (-0.6%) and health care (-0.1%) sectors lagged amid today's risk-on tone, with NRG Energy (NRG 117.04, -21.43, -15.48%) weighing on the former after missing earnings expectations.

The energy sector (-0.5%) also finished lower as WTI crude oil futures settled down $4.63 (-5.8%) at $75.73 per barrel after Treasury Secretary Scott Bessent said the U.S. and Iran could soon reach an agreement to reopen the Strait of Hormuz, helping send Treasury yields lower across the curve.

The consumer discretionary (-0.5%) faced pressure as Amazon (AMZN 277.42, -6.60, -2.32%) gave back a portion of yesterday's post-earnings gain. Aptiv (APTV 47.72, -9.51, -16.62%) slumped following a revenue miss, while Chipotle Mexican Grill (CMG 33.83, -3.64, -9.70%) sold off intraday after reports of a possible salmonella outbreak.

Elsewhere, the real estate sector (-0.1%) posted a modest decline as Alexandria RE (ARE 48.87, -4.16, -7.84%) weakened following its quarterly results.

The market's tone continues to improve after July's semiconductor-driven pullback, with investors increasingly rewarding strong corporate results while easing geopolitical tensions provide an additional tailwind. Attention now turns to another busy stretch of technology earnings, with Advanced Micro Devices (AMD 518.58, +33.94, +7.00%) and SpaceX (SPCX 126.06, +11.53, +10.07%) set to report after the bell, providing the next important test of whether mega-cap tech leadership can continue through the early stages of August.

U.S. Treasuries extended Monday's rebound from their July plunge, though even with today's steady buying, yields only made it back to their highs from May. The 2-year note yield settled down five basis points to 4.20%, and the 10-year note yield settled down six basis points to 4.63%. 

• Russell 2000: +22.4% YTD
• S&P Mid Cap 400: +17.0% YTD
• Nasdaq Composite: +14.4% YTD
• S&P 500: +13.0% YTD
• DJIA: +12.5% YTD

Reviewing today's data:

• June Trade Balance -$73.3 bln (Briefing.com consensus -$73.0 bln); Prior -$77.6 bln
  • The key takeaway from the report is that, while the real goods deficit narrowed to $94.5 billion in June from $99.8 billion in May, the Q2 average is still 18% greater than the Q1 average, so it will be factored in as a drag on Q2 GDP.
• June Factory Orders -0.3% (Briefing.com consensus 0.2%); Prior was revised to -1.1% from -1.3%
  • The key takeaway from the report is rooted in the strong business investment activity, which shows up in the 1.2% increase in new orders for capital goods, excluding aircraft, that followed a 1.9% increase in May.
• June JOLTs - Job Openings 7.359 mln; Prior was revised to 7.537 mln from 7.594 mln

 Overseas:

• Europe: DAX +0.9%, FTSE +0.2%, CAC +0.6%
• Asia: Nikkei +0.3%, Hang Seng -0.6%, Shanghai +0.3%

Commodities:

• Crude Oil -4.63 @ 75.73
• Nat Gas -0.10 @ 2.68
• Gold +61.90 @ 4151.90
• Silver +2.37 @ 60.26
• Copper +0.10 @ 6.64

After-Hours Spotlight:

• Advanced Micro Devices (AMD) beats by $0.04, beats on revs; guides Q3 revs in-line...AMD -8.4%
• Arista Networks (ANET) beats by $0.13, beats on revs; guides Q3 EPS above consensus, revs above consensus...ANET +11.6%
• Astera Labs (ALAB) beats by $0.11, beats on revs; provides Q3 (Sep) and FY26 guidance...ALAB -2.3%
• BlackLine (BL) beats by $0.04, beats on revs; provides Q3 (Sep) and FY26 guidance...BL -7.4%
• Booking Holdings (BKNG) beats by $0.11, beats on revs; guides Q3 revs below consensus; reaffirms FY26 revs and EPS guidance...BKNG +5.0%
• Credit Acceptance Corp. (CACC) misses by $0.08, reports revs in-line...CACC +3.4%
• Eastman Kodak (KODK) reports second-quarter 2026 financial results...KODK +12.7%
• Kratos Defense and Security (KTOS) beats by $0.07, beats on revs; provides Q3 (Sep) and FY26 guidance...KTOS +0.4%
• Lucid Group (LCID) misses by $0.48, beats on revs...LCID -7.8%
• Match Group (MTCH) beats by $0.05, reports revs in-line; guides Q3 revs in-line...MTCH -8.6%
• Paramount Skydance (PSKY) reports Q2 (Jun) results, revs in-line; guides Q3 revs in-line; reaffirms FY26 revs guidance...PSKY flat
• Precigen (PGEN) beats by $0.06, beats on revs...PGEN +10.6%
• SpaceX (SPCX) beats by $0.14, beats on revs...SPCX -8.1%
• Teradata (TDC) beats by $0.13, beats on revs; provides Q3 (Sep) and FY26 guidance...TDC -18.2%
• Wynn Resorts (WYNN) beats by $0.25, beats on revs...WYNN +5.4%
• Zeta Global (ZETA) reports Q2 (Jun) results, beats on revs; guides Q3 revs above consensus; guides FY26 revs above consensus...ZETA -7.1%

For a full rundown of today's market and after hours developments, see Live In Play

• Earnings/Guidance (Full Earnings Calendar):
  • Addus HomeCare (ADUS) beats by $0.03, beats on revs; provides FY26 guidance
  • ADM (ADM) beats by $0.35, reports revs in-line; guides FY26 EPS above consensus
  • Advanced Energy (AEIS) beats by $0.53, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Alexandria RE (ARE) beats by $0.09, beats on revs; guides FY26 FFO in-line
  • Allison Transmission (ALSN) beats by $0.25, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Ametek (AME) beats by $0.10, beats on revs; guides Q3 EPS above consensus; raises FY26 guidance
  • Andersons (ANDE) beats by $0.67, misses on revs
  • Apollo Global Management (APO) misses by $0.05
  • Aptiv (APTV) beats by $0.21, misses on revs; guides Q3 EPS below consensus, revs below consensus; guides FY26 EPS below consensus, revs below consensus
  • Ball Corp (BALL) beats by $0.04, beats on revs; reaffirms outlook
  • Bayer AG (BAYRY) reports Q2 results
  • Beam Therapeutics (BEAM) misses by $0.07, misses on revs
  • BioNTech (BNTX) misses by $0.12, misses on revs; guides FY26 revs below consensus
  • Boise Cascade (BCC) beats by $0.40, beats on revs; provides FY26 guidance
  • BP (BP) beats by $0.30, beats on revs; updates outlook
  • Broadridge Financial (BR) beats by $0.06, beats on revs; guides FY27 EPS in-line
  • Bruker (BRKR) misses by $0.87, misses on revs; provides Q2 (Jun) and FY26 guidance
  • BWX Technologies (BWXT) beats by $0.03, misses on revs; provides Q2 (Jun) and FY26 guidance
  • Cabot (CBT) beats by $0.02, beats on revs; provides FY26 guidance
  • Caterpillar (CAT) beats by $1.95, beats on revs
  • Clorox (CLX) beats by $0.02, beats on revs; guides FY27 EPS in-line, revs above consensus
  • Crinetics Pharmaceuticals (CRNX) beats by $0.04, beats on revs
  • CRISPR Therapeutics (CRSP) beats by $0.25, beats on revs
  • Cummins (CMI) misses on EPS, beats on revs; raises FY26 revenue guidance, expects 2H to be stronger than 1H
  • Diamondback (FANG) raises FY26 oil, total production outlook; capex guide unchanged
  • Diamondback Energy (FANG) beats by $0.40, beats on revs
  • DigitalOcean (DOCN) beats by $0.19, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Dorman Products (DORM) beats by $1.19, misses on revs; provides FY26 guidance
  • Duke Energy (DUK) beats by $0.13, reports revs in-line; reaffirms FY26 EPS guidance and long-term adjusted EPS growth rate
  • DuPont (DD) beats by $0.12, reports revs in-line; guides FY26 EPS above consensus, revs in-line
  • Energizer (ENR) misses by $0.08, beats on revs; guides Q4 EPS below consensus
  • Enpro Inc. (NPO) beats by $0.18, beats on revs; provides FY26 guidance
  • Entegris (ENTG) beats by $0.11, beats on revs
  • Ethos Technologies (LIFE) beats by $0.48, beats on revs; guides Q3 revs above consensus; guides FY26 revs above consensus
  • EverQuote (EVER) beats by $0.01, beats on revs; provides Q3 (Sep) and FY26 guidance
  • GeneDx (WGS) beats by $0.20, beats on revs; guides Q3 revs below consensus; guides FY26 revs in-line
  • Grab (GRAB) reports Q2 EPS of $0.06 vs. $0.03 FactSet consensus; revs $997 mln vs. $994 mln FactSet consensus; raises FY26 guidance; announces $750 mln share repurchase program
  • Hamilton Lane (HLNE) beats by $0.41, beats on revs
  • Henry Schein (HSIC) beats by $0.03, beats on revs; raises FY26 guidance
  • HSBC Holdings (HSBC) reports Q2 results; beats on revs; to initiate $1 bln share buyback
  • Hut 8 Mining (HUT) misses by $0.72, misses on revs
  • Ibotta (IBTA) beats by $0.16, beats on revs; provides Q3 (Sep) guidance
  • ICHOR Corporation (ICHR) beats by $0.03, misses on revs; provides Q3 (Sep) and FY26 guidance
  • IDEAYA Biosciences (IDYA) misses by $0.16, beats on revs
  • IDEXX Labs (IDXX) beats by $0.33, beats on revs; provides FY26 guidance
  • Ingredion (INGR) beats by $0.11, reports revs in-line; lowers FY26 guidance
  • Inspire Medical Systems (INSP) beats by $0.38, beats on revs; provides FY26 guidance
  • Jazz Pharma (JAZZ) misses by $0.47, beats on revs; provides FY26 guidance
  • Kimberly-Clark (KMB) beats by $0.11, reports revs in-line
  • Knife River Corp. (KNF) misses by $0.36, beats on revs; provides FY26 guidance
  • Leidos (LDOS) beats by $0.35, beats on revs; raises low end of FY26 EPS and revenue guidance ranges, still in-line
  • LGI Homes (LGIH) beats by $0.18, beats on revs; provides Q2 (Jun) and FY26 guidance
  • Marathon Petroleum (MPC) beats by $3.46, beats on revs; reaffirms $1.5 bln 2026 capital plan
  • Matson (MATX) beats by $0.48, beats on revs
  • McDonald's (MCD) beats by $0.06, reports revs in-line, Global comparable sales increased 1.3%
  • Merck (MRK) beats by $0.14, beats on revs; narrows FY26 EPS below consensus, revs in-line
  • MPLX LP (MPLX) reports EPS in-line, beats on revs
  • Nippon Steel Corporation (NPSCY) reports Q1 results
  • NJ Resources (NJR) beats by $0.04, beats on revs; provides FY26 guidance
  • ONEOK (OKE) beats by $0.07; guides FY26 EPS in-line
  • onsemi (ON) beats by $0.03, reports revs in-line; guides Q3 EPS in-line, revs in-line
  • OPENLANE (OPLN) beats by $0.05, beats on revs; provides FY26 guidance
  • Otter Tail Power (OTTR) beats by $0.15, beats on revs; provides FY26 guidance
  • Palantir Technologies (PLTR) beats by $0.07, beats on revs; guides Q3 revs above consensus; raises FY26 revs above consensus
  • Paymentus (PAY) beats by $0.06, beats on revs; provides Q2 (Jun) guidance
  • Pediatrix Medical Group (MD) beats by $0.04, beats on revs; provides FY26 guidance
  • Pfizer (PFE) beats by $0.09, beats on revs; reaffirms FY26 EPS guidance, guides FY26 revs in-line
  • Powell Inds (POWL) misses by $0.05, misses on revs; provides FY26 guidance
  • Qnity Electronics (Q) beats by $0.12, beats on revs; provides FY26 guidance
  • Revvity (RVTY) beats by $0.20, beats on revs; guides FY26 EPS above consensus, revs above consensus
  • Rhythm Pharmaceuticals (RYTM) beats by $0.08, beats on revs
  • Rockwell Automation (ROK) beats by $0.11, beats on revs; raises FY26 EPS and revenue guidance
  • Sabra Health Care REIT (SBRA) beats by $0.01, beats on revs; reaffirms FY26 Normalized AFFO guidance
  • SBA Comm (SBAC) beats by $0.07, beats on revs; guides FY26 FFO in-line, revs in-line
  • ScottsMiracle-Gro (SMG) sets FY27-FY29 targets, outlines capital allocation plan
  • Smith & Nephew (SNN) reports Q2 results; misses on revs; lowers outlook
  • Snap (SNAP) beats by $0.02, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Spotify (SPOT) misses by EUR0.15, reports revs in-line; guides Q3 revs above consensus
  • Sterling Infrastructure (STRL) beats by $0.79, beats on revs; guides FY26 EPS above consensus, revs above consensus
  • Tidewater (TDW) misses by $0.03, beats on revs
  • Timken (TKR) beats by $0.21, beats on revs; provides FY26 guidance
  • TKO Group Holdings (TKO) misses by $0.07, reports revs in-line; guides FY26 revs in-line
  • Tower Semi (TSEM) beats by $0.12, beats on revs; guides Q3 revs above consensus
  • Toyota Motor (TM) beats on top and bottom lines
  • Trex (TREX) misses by $0.01, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Ultra Clean Holdings (UCTT) beats by $0.17, beats on revs; provides Q3 (Sep) and FY26 guidance
  • UL Solutions Inc. (ULS) beats by $0.03, beats on revs; provides FY26 guidance
  • United Parks & Resorts Inc. (PRKS) misses by $0.33, misses on revs; provides Q3 (Sep) guidance
  • V2X (VVX) beats by $0.20, beats on revs; provides Q2 (Jun) and FY26 guidance
  • Vertex (VERX) beats by $0.01, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Vertex Pharma (VRTX) misses by $0.01, beats on revs; raises FY26 revs above consensus
  • Viper Energy Partners (VNOM) misses by $0.03, beats on revs; increases dividend
  • Vornado Rlty Trust (VNO) beats by $0.10, beats on revs
  • Voyager Technologies (VOYG) beats by $0.18, beats on revs; provides FY26 guidance
  • Waters (WAT) beats by $0.04, beats on revs; guides FY26 EPS in-line
  • Wayfair (W) beats by $0.05, beats on revs; provides Q3 (Sep) guidance
  • Westlake Corporation (WLK) beats by $0.18, beats on revs
  • Whirlpool (WHR) misses by $0.15, misses on revs; guides FY26 EPS above consensus, reaffirms FY26 revs guidance
  • Williams Cos (WMB) beats by $0.10, beats on revs; narrows FY26 EPS guidance below consensus
  • Wix.com (WIX) beats by $0.26, beats on revs; Reiterates FY26 outlook; expects stronger margins in 2H driven by Base44 improvements
  • Xometry (XMTR) beats by $0.01, beats on revs; provides Q3 (Sep) and FY26 guidance
  • Zebra Tech (ZBRA) beats by $1.99, beats on revs; guides Q3 EPS above consensus; guides FY26 EPS above consensus, revs above consensus
• General News
  • Markets moving higher and oil prices moving lower following report from Qatar that language has been drafted for potential peace deal between U.S. and Iran
  • Iran says there are no talks with the U.S. planned, but talks with Oman to manage shipping traffic through the Strait of Hormuz are ongoing. WSJ
  • President Trump is pushing Iran to reach a deal with Oman on the Strait of Hormuz today. Bloomberg
  • Senate advances procedural vote on a bill to extend government funding from September 30 through December 11. The final passage is expected in the Senate this week, and the House will vote in September. The Hill
  • White House meets deadline to establish a voluntary framework for evaluating advanced AI models. Axios
  • The Trump administration wants to ban Chinese data center devices. Reuters
  • 3D Systems (DDD) CEO Jeffrey Graves to step down after successor is named
  • AbbVie (ABBV): Canada's drug agency backs reimbursement for UBRELVY in acute migraine
  • Aehr Test Systems (AEHR) received a follow-on production order; expected to ship during the first half of calendar 2027
  • Amazon (AMZN) founder Jeff Bezos filed notice of proposed sale of of 15,000,000 shares
  • Apple (AAPL) wants a judge to issue a preliminary injunction against OpenAI. Reuters
  • Apple's (AAPL) India sales reach $10 bln. Bloomberg
  • Best Buy (BBY) names Anne Bramman CFO effective Aug. 19
  • Better Home & Finance (BETR) appoints Daniel Lewis Interim Chief Executive Officer, effective immediately
  • CACI (CACI) to support Oracle (ORCL) on OPM federal HRIT modernization contract
  • CapsoVision (CV) launches AI Highlights internationally for CapsoCam Plus
  • CME Group (CME) posts record July ADV of 27 mln contracts, up 23% yr/yr
  • CoreWeave (CRWV) expands into Indonesia in first Asia-Pacific data center push
  • Descartes (DSGX) launches AI-enabled free trade intelligence tool for tariff qualification
  • Dianthus (DNTH) unveils DNTH312 autoimmune candidate, targets Phase 1 readiness by YE27
  • Dr. Reddy's (RDY) launches first-to-market U.S. generic Sugammadex injection
  • Everspin (MRAM), MaxLinear (MXL) sign MOU to evaluate MRAM-based memory architectures for AI servers
  • EVgo (EVGO), Brixmor (BRX) expand charging partnership with 500+ new fast-charging stalls
  • Fresenius SE (FSNUY) announces that the U.S. Food and Drug Administration has approved a rituximab biosimilar developed by Dr. Reddy's (RDY) Laboratories, a biosimilar to Rituxan
  • Danaher (DHR) names Julie Sawyer Montgomery CEO, effective Oct. 1
  • Google (GOOG, GOOGL) created a large infrastructure finance program to supply $150 billion in chips to Anthropic. FT
  • Google (GOOG): Waymo robotaxis crash 68% less often than human drivers. NY Post
  • Haemonetics (HAE) announces publication of a study providing new evidence supporting the safety and efficacy of Haemonetics' VASCADE MVP XL venous vascular closure system in large-bore sheath procedures
  • Ibotta (IBTA) becomes exclusive third-party digital offers provider for 7-Eleven apps
  • IonQ (IONQ), EPB to launch Tennessee quantum communications research center
  • Ipsen S.A. (IPSEY): Marengo Therapeutics announced two important milestones reflecting the advancement of its TriSTAR platform: the nomination of the first development candidate under its TriSTAR strategic collaboration with Ipsen and the appointment of Saso Cemerski as Senior Vice President, Head of Immunology
  • IsoEnergy Ltd. (ISOU) announces a definitive agreement with DISA Technologies to crease DISA Uranium Corporation
  • Labcorp (LH) launches FDA-approved PTEN companion diagnostic for prostate cancer
  • Main Street (MAIN) declares $0.30/share supplemental dividend payable in September
  • McDonald's (MCD) names Skye Anderson president of McDonald's USA; Joe Erlinger to leave company
  • Nurix (NRIX) earns $10 mln Sanofi milestone as STAT6 degrader enters Phase 1
  • NXP UWB (NXPI) solution selected for BMW digital key and presence detection
  • Polaris (PII) rolls out 2027 off-road lineup led by 275-hp RZR Pro R Boost
  • Rhythm Pharma (RYTM) posts preliminary Phase 2 RM-718 data in acquired hypothalamic obesity
  • Roche Hldg (RHHBY) enters clinical collaboration with Evexta Bio for giredestrant breast cancer study
  • Sandisk (SNDK), SK hynix release first OCP spec for High Bandwidth Flash
  • Sanofi (SNY) receives EU approval to expand MenQuadfi use to infants
  • Sharon AI (SHAZ) lands $373 mln, five-year AI cloud service agreement
  • Silicon Labs (SLAB) launches BG2B Bluetooth LE SoC for low-power IoT devices
  • SK hynix Inc (SKHY): RJC Capital says "SK Hynix and Sandisk (SNDK) unveil HBF Standard,"
  • SOPHiA Genetics (SOPH) enters multi-year oncology companion diagnostics collaboration with AstraZeneca (AZN)
  • Telesat's (TSAT) Telesat LEO ULC announces a C$2.3bln contract with Canada’s Defence Investment Agency to deliver secure Military Ka-band Arctic connectivity to the Canadian Armed Forces
  • Thryv (THRY), Wix (WIX) plan strategic SMB software partnership
  • Trilogy Metals (TMQ) provides update on proposed U.S. Department of War strategic investment
  • Tutor Perini (TPC) unit wins $54.7 mln Wisconsin bridge package
  • Western Union (WU) launches stablecoin wallet and Visa card with Rain

• Upgrades:
  • BBB Foods (TBBB) upgraded to Buy from Neutral at UBS, tgt $51
    
  • Femsa (FMX) upgraded to Buy from Neutral at BofA Securities, tgt $150
    
  • Madrigal Pharmaceuticals (MDGL) upgraded to Outperform from Peer Perform at Wolfe Research, tgt $605
    
  • Palantir (PLTR) upgraded to Buy from Hold at Deutsche Bank, tgt $200
    
  • Replimune Group (REPL) upgraded to Outperform from Market Perform at Leerink, tgt $17
• Downgrades:
  • Apple (AAPL) downgraded to Hold from Buy at DZ Bank, tgt $310
    
  • Apple (AAPL) downgraded to Hold from Buy at China Renaissance; tgt $280
  • Adidas (ADDYY) downgraded to Neutral from Buy at UBS
    
  • Atkore (ATKR) downgraded to Neutral from Buy at Roth Capital, tgt $92
  • Cigna (CI) downgraded to Hold from Buy at Jefferies, tgt $307
    
  • Duolingo (DUOL) downgraded to Underperform from Neutral at BofA Securities, tgt $93
    
  • eBay (EBAY) downgraded to Market Perform from Outperform at Citizens
    
  • Exxon Mobil (XOM) downgraded to Hold from Buy at DZ Bank, tgt $156
    
  • Intuit (INTU) downgraded to Hold from Buy at Truist, tgt $350
  • Nike (NKE) downgraded to Underweight from Neutral at JPMorgan, tgt $40
    
  • Olin (OLN) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $20
    
  • Pearson (PSO) downgraded to Neutral from Buy at Goldman
    
  • PVH Corp. (PVH) downgraded to Underweight from Neutral at JPMorgan, tgt $84
    
  • Sportradar (SRAD) downgraded to Neutral from Buy at BTIG Research
  • Sportradar (SRAD) downgraded to Equal Weight from Overweight at Wells Fargo, tgt $14
    
  • Telus (TU) downgraded to Underperform from Buy at BofA Securities
    
  • Telus (TU) downgraded to Sector Perform from Outperform at National Bank
    
  • Telus (TU) downgraded to Sector Perform from Outperform at RBC Capital
    
  • V2X (VVX) downgraded to Neutral from Outperform at Robert W. Baird, tgt $94
    
  • Walmart (WMT) downgraded to Perform from Outperform at Oppenheimer
• Others:
  • APi Group (APG) initiated with an Overweight at Wells Fargo, tgt $53
    
  • Arteris (AIP) initiated with a Buy at Roth Capital, tgt $40
    
  • CoreWeave (CRWV) initiated with an Overweight at Piper Sandler, tgt $151
    
  • Nebius Group (NBIS) initiated with a Neutral at Piper Sandler, tgt $224
    
  • PDF Solutions (PDFS) initiated with an Equal Weight at Wells Fargo, tgt $50
    
  • QXO (QXO) resumed with an Overweight at Morgan Stanley, tgt $35
    
  • Rubrik (RBRK) initiated with a Buy at Loop Capital, tgt $100
    
  • SailPoint Technologies (SAIL) initiated with a Neutral at DA Davidson, tgt $17
    
  • SK hynix (SKHY) initiated with a Buy at Stifel, tgt $240
    
  • SK hynix (SKHY) initiated with an Overweight at Cantor Fitzgerald; tgt $300
  • SK hynix (SKHY) initiated with an Outperform at RBC Capital, tgt $200
    
  • SK hynix (SKHY) initiated with an Outperform at Wolfe Research; tgt $200
  • SK hynix (SKHY) initiated with an Outperform at William Blair
    
  • Summit Midstream (SMC) initiated with a Buy at TD Cowen, tgt $39
  • Vishay (VSH) initiated with an Outperform at Raymond James; tgt $40

• Econ Data (Wednesday):
  • 7:00 ET: Weekly MBA Mortgage Index (prior -6.4%)
  • 8:15 ET: July ADP Employment Change (Briefing.com consensus 75,000; prior 98,000)
  • 9:45 ET: Final July S&P Global U.S. Services PMI (prior 53.6)
  • 10:00 ET: July ISM Non-Manufacturing Index (Briefing.com consensus 54.7%; prior 54.0%)
  • 10:30 ET: Weekly crude oil inventories (prior -7.17 mln)

• Earnings:
  • Monday (August 3)
    • Pre-Market: AVA CNA CNH DEA ECHO HESM KRYS MAR SBH SRAD TGTX TWST TSN
    • After-Hours: ADUS ADTN AEIS ARE ALSN AMRC ANDE AESI BCC BWXT CBT CSWC CLX CRGY CTOS FANG DORM LIFE EVER WGS GBDC IBTA ICHR IRT INSP JAZZ MATX NMFC NJR OKE ON OTTR PLTR PAY POWL SBRA SBAC STRL TDW TKO UCTT VVX VERX VRTX VNOM VNO VOYG WHR WMB PPLI SNAP
  • Tuesday (August 4)
    • Pre-Market: AHCO ADM AIN AME APO APTV ATKR BALL BRBR BNTX BXDC BP BR BRKR CAT CTRI CERT CIFR CMI DOCN DUK DD ENR ET NPO ENTG FIS FWRG IT GWW GPK HLNE HRMY HSIC IDXX INGR IPGP KMB KIM KNF LDOS LGIH MCD MRK MRP MPLX NRG OPLN MD PFE PNW PEG Q RVTY RYTM ROK SHLS SPOT SUN SYY TKR TSEM TPG TDG TREX TPB ULS PRKS WAT W WLK WIX XMTR ZBRA ARVN
    • After-Hours: ACAD AMD AGNT ALGT ATEC AFG AMGN ANGI ANET ARWR AIZ ALAB BBBY BIO BL BKNG BV CALY CE SKY CC CRBG CPNG CACC CRNX DVA DVN DEI EMR EQH WTRG EVTC ECG FLYW FBIN FRSH GILD GXO DOC HL HNGE IOSP INTA IPAR IFF J JAN KAI KTOS LSCC LMAT LNWO LCID LUMN MAC MQ MBC MTCH MAT MNTN MOS OGS OPEN PCRX PLMR PARR PSKY PINS PGEN PRIM PRCT PRU QLYS RRR RVLV WTTR TSLX SPCX LRN SU SUPN SNDX TALO SKT TDC TX TOST TMDX TVTX RARE UPST VSAT VOYA WK WYNN EXPD MPC PCTY
  • Wednesday (August 5)
    • Pre-Market: ADNT AMPX AVT ONC BCRX BLMN BWA CPRI CG CDW COR CRL CHH CRCL YOU CRTO CWK CVS DK DIN LPG DT ECVT EPC ELAN LLY EVGO EXTR FLUT FRPT GLXY ROCK GPN GFS GFF PODD IRM JJSF KMT KHC KYMR KD LCII LINE LIVN LPX MTRN MDLN VYX NYT NICE NI NWN OC PRGO PSX PRMB RRX SHAK SN SEDG SWX SR TBLA WULF TRI UBER UTHR UTZ VVV VSH DIS XPEL ZBH BCO
    • After-Hours: ATEN ADMA ALB ALL AWR APA APP ACA RCUS ARRY ATO AXON BBDC BLLN BKH XYZ OBDC OTF BMBL CACI CAI CENT LEU CF CHYM CHRD CRUS CDE CGNX CMP CPA CXW CPAY CXT CW DAVE DLX DHT DGII DIOD DASH DUOL BROS ELF EBAY ACT EHC ECPG ETSY EVCM EE EXEL EXPE FSLY FNF FIG FLNC FWRD FIP GNK GDRX GT HLF HMN HST HHH HUBS IONQ JOBY KMPR KNTK KVYO KLIC LB LZ LFMD RAMP LTC MGNI MNKD MFC MTDR MCK MELI MET MIAX MIRM MKSI MSI MWA MUR MUSA NHP NWSA NOVT SMR NTR OXY ORA OUT PTRN PAYC PR PTLO POWI PRI QGEN RDN RYN O RDW RELY RVMD ROOT RGLD SNDK SRPT SDGR SBGI SITM SM SOLV SOUN STE RUN SYM TS TNC RIG TROX TRUP TTMI TPC USPH VAL VECO VRRM VIAV VIR VSEC HCC WTS WDC WES ZG GTM NVST HP MGY
  • Thursday (August 6)
    • Pre-Market: ACIW GOLF WMS COLD APPN ARHS ATI ATS AVNT ACLS BDX BSY BKV BKSY BOBS CARS CECO CELH LNG CQP CCOI COLL COP CEG CNR DDOG DNOW DRVN DCO QBTS ENOV EPAM ESAB ESTA EVRG EVH FA FISV FOXA FTDR FSK GEL GENI GEO GSL GOGO GPGI GHM GPRE HAE HTZ HIMX HWM IMVT NSIT INSM IBP ITGR NTLA IOVA ITT KVUE KDP KOP DNUT LAMR LNTH LEG LFST LOAR MTSI VAC MMS MDU TAP NTCT NXST NVMI NVAX OSCR PZZA PH PAYO PTON PENN PLNT PLTK PRVA RL QSR ROIV RXO SRRK SRE FOUR SSTK SGI SHC STWD TNDM TGLS TFX TRIP U USFD VSNT VTRS VITL VNT WD WRBY WBD ZTS LGND UUUU
    • After-Hours: TXG AFL ABNB AKAM ALRM AHR AIG AMN AMRZ AAOI ARDX APC ARLO ARW AGO ASTH TEAM AVPT BTG BMRN CARG CWST CENX CPK CLNE CLSK NET ED CON CRSR CYTK DNLI XRAY DV DOCS DKNG DBX EQX ESE XZO FIGS FIVN FOXF GEN G GMED GRDN HALO ICFI ICUI INDI INOD CART IRTC JHX FROG KRMN KGS LION LYFT MTW MARA MCHP MNST MP NTRA NAVI NRDS NTGR LASR NOG OFRM ONTO OTEX PRDO POST PGNY QDEL RCAT RGA RSG RMD RGTI RLJ RKT ROKU RHP SVV SEZL SHAZ SARO SG SYNA TXRH REAL TTD TWLO WMG WEST WPM WSC XENE XPOF YELP ZD ZYME PK
  • Friday (August 7)
    • Pre-market: ACMR AQN AMR ANIP ATMU CLMT ROAD EMBC ESNT FLR TILE KRP OKLO PAA PPL SPB SLVM UAA WEN TTWO GTN
    • Afternoon: None