Good morning.
The Fast Five → Dow hits record high, Palantir soars after 'otherwordly' quarter, Amazon hits $3 trillion valuation, US shakes up currency markets with unusual yen-buying, SpaceX set for its first earnings report...
📌 Here’s the stock symbol I promised >>>
(from Stansberry Research)
Calendar: Full Calendar »
Today:
JOLTS Job Openings, 10A
Tomorrow:
Non-Farm Employ Change, 8:15A
ISM Services PMI, 10A
FOMC Press Conference, 2:30P
Your 5-minute briefing for Wednesday, August 5:
BEFORE THE OPEN
As of market close 8/3/2026.
Pre-Market:
Market Wrap:
Mon: Dow +693 (+1.32%), S&P +1.48%, Nasdaq +2.13%
Tech stocks led a powerful August rebound
Falling oil prices boosted market sentiment
AI optimism returned after strong tech earnings
Amazon topped a $3T market value
Treasury yields eased as inflation fears cooled
Focus shifts to earnings and Friday's jobs report
EARNINGS
Here’s what we’re watching today:
Today: *Dupont $DD ( ▲ 1.61% ), McDonald's $MCD ( ▼ 2.0% ), Paramount Skydance $PSKY ( ▲ 3.27% )
*Caterpillar $CAT ( ▲ 1.87% ) - $6.20 EPS (+31.4% YoY), on $19.2B revenue (+15.7% YoY)
Advanced Micro Devices $AMD ( ▲ 1.78% ) - $1.61 EPS (+ $.48 in the year-ago period) on $11.3B revenue (+47% YoY)
SpaceX $SPCX ( ▲ 5.68% ) - revenue of $6.8B and a per-share loss of $.29
WED: *Eli Lilly $LLY ( ▼ 2.39% ), *Uber $UBER ( ▲ 1.78% ), *Walt Disney $DIS ( ▲ 2.03% )
THU: *DraftKings DKNG, *Warner Bros. Discovery WBD
FRI: *Wendy’s $WEN ( ▲ 2.31% )
The Prophet's Biggest Discovery Yet... Name and Ticker
He called Amazon in '99... Apple in 2000... Netflix in 2012.
Now Whitney Tilson — "The Prophet" — says his biggest discovery yet is a company so obscure only 2 of 10,000 Wall Street analysts cover it.
Kevin O'Leary calls what it controls a "unicorn."
Trump signed emergency executive orders to protect it.
Right now it's trading at a rare discount — the same kind that's previously turned $10,000 into $55,000.
- a sponsored message from Stansberry Research -
HEADLINES
The company reported fiscal second quarter results that beat analyst expectations and raised its full-year guidance.
Despite investor jitters about the Iran war, inflation, and AI spending, corporate profits generally keep climbing.
Dow hits record high as Big Tech leads markets higher (more)
US shakes up currency markets with unusual yen-buying via selling euros (more)
Investors remain skeptical about the yen after US Intervention (more)
Fed's Williams expects inflation to ease, says Fed will act if it doesn't (more)
Bessent seen rebuffing Wall Street on guidance for US debt sales (more)
Trump slams Chevron CEO, demands immediate reduction in US fuel prices (more)
US signs deal to boost Patriot and THAAD missile parts production (more)
Treasury yields fall as oil prices plunge on Iran de-escalation hopes (more)
US manufacturing activity jumps to more than four-year high in July (more)
Oil prices tumble after Trump calls off attack on Iran (more)
Dollar weakens sharply against the Japanese yen after market interventions (more)
JPMorgan aims to deploy $750B into housing through 2035 (more)
AstraZeneca slides as Bristol Myers merger talks leave analysts 'perplexed' (more)
SpaceX's post-IPO plunge sets tense backdrop for first earnings report (more)
UBS fined $125M by US regulators for money laundering violations (more)
Citadel Securities sees a $500B chip financing debt binge (more)
Hugging Face CEO says China is winning the AI race (more)
DEALFLOW
M+A | Investments
Williams agrees to buy Momentum Midstream for $5.5B
Prysmian strikes $3.8B deal to buy Atkore
American Family to buy remaining stake in Bowhead in $1.2B deal
ADA acquires Algonomy
VC
Horizon3, an AI-native proactive security platform, raised $250M in Series E funding
Claris Biotherapeutics, a biopharma company developing therapies for sight-threatening conditions, raised $118M in Series B funding
Ratio Therapeutics, a radiopharmaceutical platform developing targeted cancer treatments, raised $70M in Series C funding
CoreMap, a medical tech platform for atrial fibrillation mapping, raised $37M in Series C funding
Mate Security, an AI-driven security operations and autonomous incident response platform, raised $35M in Series A funding
Harmony, an AI-powered enterprise service management platform, raised $34M in Seed funding
Inocras, a bioinformatics company leveraging data to deliver curated insights, closed a $31M Series B-3 financing
Dash Bio, a company building infrastructure for drug development, raised $30M in Series A funding
Foundational Industries, a developer of AI-operated manufacturing plants and data center infrastructure, raised $25M in Seed funding
Fly.io, a connected cloud infrastructure platform for AI agents and applications, raised $25M in Series D funding
June AI, an implementation model for enterprise software, raised $20M in Pre-Seed funding
Balance Theory, an AI-native platform for cybersecurity investment decisions and execution, raised $19M in Series A funding
Quercus Biosolutions, an agricultural biotech company using gen-AI to build crop protection compounds, closed a $5M Seed financing
Marquee, an AI-powered decision layer for professional sports organizations, raised $4M in Seed funding
CRYPTO
Coldcard wallet losses near $114M as possible fourth sweep emerges (more)
Bitcoin, Ether decline as Coldcard exploit enters a fifth day (more)
Strategy sold another $105M BTC last week, repurchased $81.2M of STRC (more)
BlackRock expands tokenized cash with new blockchain-based money market offerings (more)
BULLISH BITES
📈 Ticker symbol for “America’s Best Retirement Stock”? *
🚀 What Wall Street expects from SpaceX's first earnings report.
🤑 ‘Boss Wants this Money’: Inside Trump’s unprecedented fundraising operation.
💸 The rent was already high. Then came the $200 work-from-home fee.
😱 ‘Naked dressing’ is spreading and it’s making things awkward.
DAILY SHARES
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