Sep 29 2025

 

 Market & Economy

• White House talks: Spending disagreements; Democrats push for ACA tax credit extension.

• Rates: 10-yr Treasury yield dips to 4.16%.

• Jobs data: Key reports due this week, culminating Friday.

• Commodities: Oil ↓ ~2% to $64.50/barrel; Gold ↑ 1% to $3,850/oz.

• Crypto: Bitcoin near $112K, rebounding 1.5%.

Global & Sector Moves

• China tech: KWEB ETF +2.5%; Futu (FUTU) holding 50-day support.

• Semis: NVIDIA (NVDA) +1%, near breakout; Lam Research (LRCX) +4% on DB upgrade.

• Energy: Vistra (VST) +2% — expanding Texas plant, quadrupling capacity.

• Biotech: GenMab (GMAB) −3% buying Marus (MRUS) for $8B (cancer drug pipeline).

Stock Highlights

• Tesla (TSLA) +1.5%, strength ahead of Q3 deliveries (due Thursday).

• Astera Labs (ALAB) +5% rebound after last week’s sharp drop.

• Electronic Arts (EA) +5% (on top of Friday’s +15%); going private in $55B buyout by PIF/Silver Lake/Affinity.

• GlobalFoundries (GFS) +5% — partnership with Corning (GLW) on silicon photonics.

• Wells Fargo (WFC) flat; MS downgrade to equal weight but PT raised to $95.

• Novo Nordisk (NVO) −3% after MS downgrade to underweight.

Sept 17 2025

 

• Indexes & Fed:

  • NASDAQ extended a six-day win streak but looks stretched near moving averages.

  • 10-year yield flat at ~4.02% ahead of today’s Fed decision (expected 25 bps cut, with markets pricing in two more cuts this year).

• Commodities:

  • Crude oil at ~$64.25 (-0.5%), XLE back above moving averages.

  • Gold at ~$3,700/oz (-0.5%), still showing strong relative strength.

• Economic Data:

  • Mortgage refinance demand spiked 60% last week as rates dropped.

  • Housing starts missed expectations.

  • Atlanta Fed Business Inflation Expectations Survey due at 10 a.m. ET.

• Stock Movers:

  • Tesla: Slight dip (-1.5%) after settling lawsuits tied to 2019 autopilot crashes.

  • Netflix: Upgraded by Loop Capital (PT raised to $1,350 from $1,150).

  • Alibaba: +2% on securing China Unicom as AI chip customer.

  • Nvidia: -1.5% after China banned major firms (Alibaba, ByteDance, etc.) from buying its tailor-made chips.

  • Baidu: Up ~7% on AI/cloud optimism and a new deal with China Merchants Group.

  • Workday (WDAY): Higher after Elliott disclosed $2B stake.

  • Lyft: +12% on robo-taxi partnership with Waymo in Nashville.

• IPOs:

  • Stubhub (STUB): Priced at $23.50/share (midpoint of range).

  • WaterBridge Infrastructure (WBI): Priced at $20/share (top of range).

👉 Overall: Market strength continues ahead of the Fed decision, with standout moves in Lyft, Baidu, Workday, and Alibaba, while Nvidia and Tesla face pressure.

Sep 11 2025

 

Market Overview

• Futures: S&P 500, Nasdaq 100, and Dow up ~0.3%; Russell 2000 up 0.25–0.3%.

• Treasury Yield: 10-year at 4.02%, near a 5-month low (briefly dipped below 4%).

Economic Data

• CPI (Aug):

  • Headline: +0.4% (a bit higher than expected).

  • YoY: 2.9% (in line).

  • Core: +0.3% MoM, 3.1% YoY (steady).

  • Airfares jumped +5.9% MoM; core goods prices rising (possibly tariff impact).

• Jobless Claims: Rose to 263K (highest since Oct 2021, mostly due to Texas data anomaly). Continuing claims dipped, suggesting hiring remains healthy.

• Fed Outlook: Still strong expectation of a 25 bp cut at next meeting; slim chance of 50 bp.

• ECB: Left rates unchanged, raised 2025 Eurozone inflation forecast to 2.1%.

Earnings & Corporate News

• Kroger (KR): Beat EPS, missed revenue; same-store sales ex-fuel +3.4%. Raised guidance slightly.

• Opendoor (OPEN): New CEO (ex-Shopify exec). Founders returning to board; $40M private placement → stock surged.

• KalVista Pharma (KALV): Wider loss, revenue miss, but optimism on new drug demand; EU approval expected Oct.

• Centene (CNC): Reaffirmed EPS guidance; stock surging, echoing insurer rebound seen with UnitedHealth.

• Micron (MU): Surging on Citi upgrade; strong fiscal 2026 guidance expected.

• Apple (AAPL): Downgraded to neutral by DA Davidson; product announcements seen as underwhelming. Stock down.

• Soundhound (SOUN): Initiated at Perform by Oppenheimer.

• UPS & FedEx: BofA downgraded UPS (underperform) and FedEx (neutral) → tariff changes on small imports may hurt volume and costs. FedEx reports earnings next week.

• Adobe (ADBE): Earnings after close; under pressure amid AI competition concerns.

• Gemini IPO (GEMI): Pricing tonight; Winklevoss twins involved. Money-losing but anticipated listing.

Sept 10 2025

 

Markets:

• NASDAQ 100 and S&P 500 futures up 0.5%.

• 10-year Treasury yield dipped to ~4.05–4.06%.

Economic Data (PPI):

• Monthly PPI fell 0.1% (vs. +0.3% expected).

• Year-over-year PPI up 2.6% (below 3.3% estimate).

• Core PPI up 2.8% (vs. 3.5% expected).

• Suggests cooling inflation, though intermediate demand prices rising.

Fed Policy:

• Judge blocked Trump’s attempt to remove Fed governor Lisa Cook.

• She will participate in the Sept. 17 Fed meeting.

• Markets expect a 25 bp rate cut; some traders see a chance of 50 bp.

Earnings & Company News:

• Oracle (ORCL): Stock surged 27% pre-market. Reported RPO up 359% to $455B from four large contracts. RPO expected to exceed $0.5T, surpassing GDPs of South Africa and the Philippines.

• Rubrik (RBRK): Shares down ~4% after hours. Loss shrank to –$0.03/share (vs. –$0.40 last year). Revenue up 51% to $310M.

• Advanced Energy (AEIS): Adjusted EPS up 76%; revenue grew 21%. Q3 EPS guidance $1.20–$1.70 vs. $0.98 last year.

Sept 9 2025

 

Markets: Futures mostly flat (S&P, Dow, Nasdaq); IWM slightly down. 10-year Treasury yield near 5-month lows, crude oil up after OPEC’s production move.

Economic Data: NFIB Small Business Index rose to 100.8 (above expectations). Job benchmark revisions due later; could influence Fed rate cut expectations.

Events: Apple’s product event today (iPhone 17, ultra-thin “iPhone Air”).

Big Movers:

• Nebius (NBIS): +50% premarket on $17–19B AI cloud deal with Microsoft; boosts CoreWeave (+7%).

• Tesla: New “Mega Block” energy product; China registrations up 14% WoW but still down YoY.

• Novartis: Acquiring Tremeau Bio for $1.4B.

• SalePoint: Down on weak guidance despite beating Q2.

• CGNT: Beat and guided up.

• Intel: Management reshuffle, new data center chief from Arm.

• AC’s General Stores & Mission Produce: Beat earnings, modest stock reactions.

• Talen Energy: Buyback boosted to $2B through 2028.

• Dropbox: New $1.5B buyback.

• Dell: CFO stepping down after 28 years.

• Nasdaq: Investing $50M in Gemini, exploring tokenized securities.

• UnitedHealth: Strong Medicare Advantage ratings → bonus payments; insurers expected to hike premiums sharply.

• Uber Eats: Expanding to deliver Sephora beauty products.

• Teck Resources & Anglo American: Merging as “Anglo-Tech.”

• NextTracker: Buying Origami Solar for $53M.

• Korn Ferry: Beat, stock up.

• Core & Main (CNM): Weak guidance, stock down.

• News Corp: Murdoch family succession settled, some share sales.

• Unitree Robotics: Filing $7B IPO in China, robotics focus (dog & humanoid robots).

• Boeing: Upgraded to Buy on supply chain improvements.

• Nike & Lowe’s: Added to Jefferies’ franchise picks.

• Dick’s Sporting Goods: Upgraded to Buy by Citi.

Upcoming: Oracle, Synopsys, GameStop earnings after close; PPI (Wed) and CPI (Thu) key for Fed outlook.

Sep 8 2025

 Market/Index Trends

• Nasdaq Composite hit a new high, while Nasdaq 100 ETF stalled.

• S&P 500 ETF recovering Friday’s losses.

• Russell 2000 (IWM) showing an inside day after gains.

Key Stock & Sector Moves

• Robinhood (HOOD): Bounce off 50-day line, potential entry point.

• S&P 500 Changes: M-Core joining, replacing Caesars (CZR), Market Access (MKTX), Enphase (ENPH).

• MP Materials & Kratos: Downgraded from S&P 600 to 400 → usually negative.

• Ford (F): $1.65B shift into Solana-focused digital asset treasury; backed by Galaxy Digital, Jump Crypto, Multicoin.

• CoinShares: European crypto manager going public via SPAC.

• PNC Financial: Buying First Bank Holdings for $4.1B.

• UnitedHealth (UNH): Reaffirmed 2025 EPS guidance; 2026 premiums expected to rise most in 15 years.

• DNTH: Phase 2 trial data → stock volatile.

• SentinelOne (S): Acquiring Observo AI.

• Norwegian Cruise Line (NCLH): Offering equity + $1.025B debt.

• Tobacco (MO, BTI, PM): FDA may fast-track nicotine pouch reviews; BTI upgraded to buy.

• Starlink (SpaceX): Buying EchoStar spectrum for $17B → less reliant on T-Mobile (TMUS fell sharply).

• Tesla (TSLA): China sales down 9.9% YoY in Aug, but up 41% MoM; US market share down to 38% (lowest in 8 yrs).

• Chinese LiDAR (Hsai): Plans Hong Kong listing.

• Uber & Lyft: Testing robo-taxis in Europe (Lyft w/ Baidu in 2026, Uber in Germany).

• SanDisk: Upgraded to $85 PT from $70.

Corporate & Event Highlights

• Goldman Sachs Communicopia + Tech Conference: speakers from Google Cloud, OpenAI, Meta, Anthropic.

• Apple event tomorrow: iPhone 17, thin “iPhone Air.”

• Earnings this week: SailPoint (Tues AM), Oracle, Rubrik, Synopsis (Tues PM), plus GameStop, AVAV.

Macro Updates

• Preliminary jobs revision (through Mar 2025) expected tomorrow → potential 800K job cut.

• Treasury Secretary Bessin flagged labor revisions.

Sep 5 2025

 

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📊 Market Overview

• S&P 500 futures: +0.4%

• NASDAQ 100 futures: +1%

• Russell 2000 (IWM): +0.7%

• Markets reacting positively despite weak jobs report.

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🏦 Economic Data

• Non-farm payrolls (Aug): +22K (well below 77K est.)

• Unemployment rate: 4.3% (met expectations)

• Participation rate: 62.3%

• Wages: +0.3% MoM, +3.7% YoY (slightly below 3.8% est.)

• Signals inflation may be easing.

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📈 Stock Movers

• Broadcom (AVGO): +15%

  • 36% EPS growth, 4th straight strong quarter.

  • Guided Q4 rev. $17.4B vs. $17.01B est.

  • Major clients: Google, Meta, ByteDance.

• Lululemon (LULU): –19%

  • EPS fell for first time in years.

  • Sales slowing, tariff & cost pressures, mgmt turmoil.

• Argan (AGX): –7%

  • EPS gain but Q2 rev. growth just +5% (weakest in 8 qtrs).

• Samsara (IOT): +13%

  • EPS $0.12 (record), revenue +30% to $392M.

  • Gross margin 77%.

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Other Corporate/Market News

• Marian Technology joining S&P 600 (profitable since 2022).

• Goldman Sachs investing $1B in T. Rowe Price (TROW) to expand private equity, private credit, and infrastructure investing for retail clients.

Sept 04 25

Market Overview

• Futures: S&P 500 & Nasdaq 100 slightly higher, Dow flat, Russell 2000 +0.3%.

• Bonds: 10-year Treasury yield at 4.19%, near multi-month lows.

• Commodities: Crude oil down >1% (after –2.5% yesterday on OPEC+ supply news), natural gas up.

Economic Data

• ADP Jobs: 54k vs 68k expected (down sharply from July’s 106k).

• Jobless claims: 237k (slightly above forecasts), continuing claims eased.

• Challenger layoffs: +39% MoM.

• Q2 Productivity: +3.3% (above 2.5% est.); unit labor costs +1% (below est.).

• Trade deficit (July): $73.8B.

• Upcoming: PMI Composite (9:45 ET), ISM Services (10:00 ET).

Policy & Trade

• Fed still expected to cut rates; key test will be jobs report Friday.

• Trump asked Supreme Court to reinstate tariffs ruled illegal by appeals court.

Earnings & Corporate News

• Winners:

  • Credo (+274% rev., strong guidance).

  • Ciena (rev. +29.5%, guidance up).

  • American Eagle (EPS beat; Sydney Sweeney ad cited as success).

  • HPE (beat EPS/rev., stock rising).

• Mixed/Weak:

  • Salesforce (rev. +10%, guided lower).

  • Figma (IPO report beat but stock falling).

  • GitLab (beat but weak guidance).

  • PagerDuty inline, weak momentum.

  • C3.ai (rev. –19%, widened loss, CEO change).

  • Sanofi (trial disappointment).

Tech & AI

• Palantir: partnerships with Lumen & Lear, little stock move.

• DeepSeek working on advanced AI model.

• NVIDIA investing in Honeywell quantum computing; Chinese firms still demand NVIDIA chips.

EVs & Autos

• BYD cut 2025 sales target (4.6M vs 5.5M).

• Tesla Robotaxi app waitlist opened; regulatory scrutiny ongoing.

 Other Notables

• Atlassian buying browser firm ($610M).

• Google fined $425M for privacy violations.

• T. Rowe Price stake purchase by Goldman Sachs ($1B).

• Brinker Intl. upgraded (Chili’s menu improvements).

• Broadcom, AGX, Samsara reporting after close.