| | | Yellowbrick: Discover Profitable Stock Investments | Copy the trades of the world's best investors. | Yellowbrick is the best way to discover your next stock investment by collecting, summarizing, and tracking thousands of stock pitches from various sources. | | How it works: | Data collection: Tracks stock pitches from blogs, newsletters, podcasts, Twitter accounts, fund letters, and analyst reports. AI and expert summaries: Uses AI to summarize pitches and add company details, price targets, sentiment, and tickers. Performance tracking: Monitors the returns of stock pitches to identify the best-performing investors Real-time stock pitch feed: Access stock pitches from the most profitable investors. Copy the trades of the top 10. Get pitches from top investment funds. Leaderboards: See the most profitable investors and stock pitches. | Join Yellowbrick Today Visit Yellowbrick Investing to find your next great stock investment and learn more about our free and premium services. | | | 📰 Market Headlines | | US stocks wobbled despite robust GDP growth as tech trepidation continued. The S&P 500 dropped 0.5%, while the Nasdaq fell 0.9%. The Dow Jones bucked the trend, rising 0.22%. Q2 GDP growth surged to 2.8%, outpacing expectations of 2%. | OpenAI announced the limited rollout of SearchGPT, an AI-powered search engine, during reports of financial difficulties. California's top court upheld a measure allowing Uber and Lyft to classify drivers as independent contractors. | The federal minimum wage of $7.25 has remained unchanged for 15 years, reaching its lowest purchasing power since 1949. |
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| | 🕶️ Market Vibes | 🎰 Market Forecasts and Futures | Forecasts via Kalshi, the prediction market. | | 😱 Fear and Greed Index | | | 🎤 What you said last time | | 📈 Trends you need to know | | That’s a big jump both YoY and QoQ. |
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| | 🧠 What do you think? | Southwest is getting rid of its Thunderdome open seating boarding after fifty years. | How do you feel about Southwest going to assigned seating? | | | 📊 Stocks | | | Winners and losers | Earnings, upgrades, and acquisitions | Honeywell reported strong Q2 results but shares slid nearly 5%. Hasbro beat Q2 estimates, jumping shares over 3%. Keurig Dr Pepper met Q2 expectations and shares rose 5%. Southwest Airlines saw a 46% profit drop in Q2; shares fell 2%. AstraZeneca reported an 18% increase; shares rose 3.2%. Boston Beer fell 3.5% after missing Q2 revenue estimates. Skechers missed Q2 expectations, dropping stock price by 3.2%. Texas Roadhouse beat Q2 earnings estimates; shares rose 2%. | Market movers | Southwest Airlines announced it will end its 50-year-old open seating policy. Meta was met with its first EU antitrust fine for bundling Facebook Marketplace with its social network, potentially up to $13.4 billion. Kroger and Albertsons agreed to halt their merger plans while a judge considered the state's lawsuit challenging the $24.6 billion deal. Helmerich & Payne agreed to acquire Britain's KCA Deutag for $1.97 billion, boosting its Middle East rig count from 12 to 88. | Ideas, trends, and analysis |
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| Jobless claims dropped to 235,000 from 245,000, signaling a resilient labor market. The 30-year fixed mortgage rate ticked up to 6.78% from 6.77%, still below its 2024 peak. Gold plunged 1.7%, hitting a two-week low as profit-taking kicked in after recent rallies. |
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| | | | 🌍 Global Perspectives | 🇰🇪 Kenyan police detained several protesters attempting to honor those killed in last month's anti-government demonstrations. 🇮🇳 🇨🇳 India and China agreed to address border issues urgently during a meeting between their foreign ministers in Laos. 🇦🇺 An Australian judge dismissed a lawsuit claiming Bayer's Roundup weedkiller causes blood cancer. 🇰🇵 North Korean hackers stole military secrets from the US and its allies, according to a joint statement from multiple countries. 🇪🇺 🇺🇦 The EU's Gentiloni said a G7 framework deal on a $50 billion Ukraine loan is expected in October. 🇸🇩 Sudan's agriculture minister rejected famine claims, disputing UN-backed data showing 755,000 people experiencing catastrophic hunger. |
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| | 📊 Crypto | | Ethereum ETFs saw $113 million in outflows on their second trading day, with Grayscale's fund losing $326.9 million. Marathon Digital acquired $100 million in Bitcoin, continuing its "full HODL" strategy with over 20,000 BTC. Coinbase appointed three new board members, including an OpenAI executive, to strengthen its influence on US crypto policy. | |
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| | 🧠 Errata | Ohio's Supreme Court ruled 4-3 that "boneless" chicken wings can contain bones. NASA delayed the return of two astronauts again as engineers deal with thruster failures on Boeing's troubled Starliner capsule. Oregon's Durkee Fire grew so large it created its own weather system, complete with pyrocumulus clouds. |
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| | 📺 What to Watch Today | Leave it to the Ohio Supreme Court to tackle the real problems. | | Ohio Supreme Court hears case against Hamilton restaurant after man swallows chicken bone |
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| That’s all for today. Did I miss anything? Smash the reply button to let me know. | Cheers, | Wyatt |
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