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.