BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 30.84% for Week of AUG 21 2025

Market Wrap:

• S&P -0.64%, Nasdaq -1.15%, Dow -0.2%

• Core PCE +2.9% YoY in July, highest since Feb

• Fed cut odds hinge on jobs vs inflation risk

• Nvidia -3% on Alibaba chip report; Alibaba +13%

• Caterpillar, Gap warn of tariff profit hits

• August: Dow +3%, S&P +2%, Nasdaq +1.6%

• September historically weakest month for stocks

EARNINGS

Here’s what we’re watching this week:

• WED: American Eagle $AEO ( ▼ 6.48% ), *Campbell Soup $CPB ( ▼ 1.57% ), *Macy's $M ( ▼ 2.92% )

  • *Dollar Tree $DLTR ( ▼ 1.95% ) - $0.41 eps, down 38.8% YoY

  • Salesforce $CRM ( ▼ 1.43% ) - $2.78 eps (+8.6% YoY) on $10.1B revenue (+8.6% YoY)

• THU: Lululemon $LULU ( ▼ 3.57% )

  • Broadcom $AVGO ( ▲ 0.07% ) - $1.66 eps (+33.9% YoY) for fiscal Q3 on $15.8B revenue (+20.6% YoY)

Full calendar »

A MESSAGE FROM ALTIMETRY

Shocked One of My Clients with This—

I was speaking with one of my hedge fund clients the other day...

He was shocked to hear this. And I think you will be too.

While virtually no one knows about this yet (even industry insiders)...

My team and I have discovered something strange going on in the US stock market right now.

It involves a disturbingly broken regulator in Washington, D.C. And if it isn't fixed ASAP, I believe it could quickly spiral into a 2008-style meltdown within a matter of weeks.

My concern is: what's coming is about to wipe out thousands - or perhaps even millions - of innocent people.

I don't want you to be one of them...

Go here for details and next steps.

To your financial safety,

HEADLINES

Modi Joins Hands with Xi and Putin in Message to Trump

Stock Market’s Fate Comes Down to the Next 14 Trading Sessions

• Nasdaq futures waver as Wall St enters Sept with trade, Fed drama in focus (more)

• BRICS leaders schedule virtual meeting to discuss Trump tariffs (more)

• Trump weighs declaring national housing emergency, Bessent says (more)

• US still working on trade deals despite court ruling (more)

• Tame US job growth expected in approach to Fed meeting (more)

• US consumer spending strong; core inflation warmer on services (more)

• Dollar hits lowest since end-July ahead of US jobs data (more)

• Gold trades near record highs on US rate cut bets; silver at 14-yr high (more)

• Oil rises on weaker dollar and Russian supply disruptions (more)

• BYD's shares slide after steep fall in quarterly profit (more)

• Emerging stocks rally as Alibaba surges on AI revenue boost (more)

• Nestlé ousts CEO over office affair and taps Nespresso boss (more)

• ‘Robinhood, FanDuel use gray area to link sports betting and stocks (more)

• Spirit Airlines bankruptcy tees up painful cuts in survival bid (more)

TOGETHER WITH PACASO

Keep This Stock Ticker on Your Watchlist

They’re a private company, but Pacaso just reserved the Nasdaq ticker “$PCSO.”

No surprise the same firms that backed Uber, eBay, and Venmo already invested in Pacaso. What is unique is Pacaso is giving the same opportunity to everyday investors. And 10,000+ people have already joined them.

Created a former Zillow exec who sold his first venture for $120M, Pacaso brings co-ownership to the $1.3T vacation home industry.

They’ve generated $1B+ worth of luxury home transactions across 2,000+ owners. That’s good for more than $110M in gross profit since inception, including 41% YoY growth last year alone.

And you can join them today for just $2.90/share. But don’t wait too long. Invest in Pacaso before the opportunity ends September 18.

Invest While You Still Can

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

DEALFLOW

M+A | Investments

• CapVest to acquire majority stake in Stada, abandoning IPO plans

• Colt buys majority stake in $1 billion gunpowder ingredient maker

• Wood Group accepts Sidara's takeover bid after year-long pursuit

VC

• Vulcan Elements, a maker of rare-earth magnets, raised $65M in Series A funding

• Copper, an appliances company, raised $28M in funding

• Sensorium Therapeutics, a neuroscience therapeutics company, raised $25M in Series A funding

• FriendliAI, an AI inference platform company, closed a $20M seed extension

• Terraton, a biochar platform provider, raised $11.5M in Seed funding

• Obita, headquartered in Hong Kong, raised over $10M in Angel financing

• RenewCO2, a startup turning carbon dioxide into chemicals and fuels, raised $5M in seed funding

• FallCall Solutions, an innovator in SaaS-based life-safety technology, closed a $1.5M Seed round

• InnerActiv, a risk intelligence cybersecurity company, raised an undisclosed amount

CRYPTO

• Bitcoin, Ethereum and XRP hold steady as 'Red September' kicks off (more)

• Trump's World Liberty token falls in first day of trading (more)

• Eric Trump takes stage in Japan as bitcoin firm Metaplanet votes on capital plan (more)

• El Salvador to transfer Bitcoin reserves to multiple addresses (more)

BULLISH BITES

📈 Could this be Warren Buffett’s #1 AI stock? (Forensic analysis) * 

🤝 Trump’s plan to pack the Fed with loyalists.

👋 Zuckerberg’s AI hires disrupt Meta with swift exits and threats to leave.

💼 Soft skills matter now more than ever, according to new research.

👠 ‘The Wizard of Oz’ is getting an AI glow-up. Cue the pitchforks.

DAILY SHARES

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