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THE DAILY PULSE


Robinhood Delivers Record $1.3 Billion Quarter, Adds Nearly 1 Million Customers
Robinhood reported its best quarter since going public, with second-quarter revenue of $1.31 billion, up 32% year over year, and earnings of $0.62 per share — well ahead of the $0.45 analysts expected. The platform added nearly 1 million new funded customers, its most in five years, while net deposits hit a record $22 billion and Gold subscribers climbed to 4.8 million. Adjusted EBITDA rose 35% to $741 million, a 57% margin. Management lowered its full-year expense outlook an
Aug 11 min read


American Airlines Extends Rally as Wall Street Backs Its Earnings Beat
American Airlines shares climbed again this week, closing near $15.43 after rising nearly 4% Thursday — a sharp recovery from the July 23 low around $13.31. The rebound follows second-quarter results that topped expectations on both earnings and revenue, driven by more than 16% year-over-year growth across all cabins and regions on upbeat travel demand. Analysts reinforced the move: JPMorgan lifted its price target to $24 with an Overweight rating, while Citi trimmed its targ
Aug 11 min read


MGM Crushes Earnings Estimates as Las Vegas Strip Sets Records
MGM Resorts reported second-quarter diluted earnings of $1.11 per share, nearly double Wall Street's $0.58 estimate, on revenue of $4.5 billion. Net income attributable to shareholders jumped to $292.4 million. Las Vegas Strip resorts generated $2.2 billion in revenue, up 3% from a year ago, while regional operations posted all-time best same-store quarterly revenue with record casino and slot results. Macau was roughly flat. MGM Digital grew revenue 20% year over year, thoug
Aug 11 min read


Stocks Close Out a Volatile July Higher as Amazon Surges, Yields Spike
Wall Street ended July on a strong note Friday. The Nasdaq rose 1% to 25,373.85, the S&P 500 added 0.7% to 7,489.72, and the Dow gained about 277 points to 52,485.03, notching its fourth straight monthly advance. Amazon's strong second-quarter results powered the session, offsetting a slide in Apple after a disappointing sales outlook. The gains came despite a sharp rise in bond yields: the 10-year Treasury topped 4.7%, its highest since January 2025, and the 30-year hit leve
Aug 11 min read


Chevron Posts $12.1 Billion Quarter, Its Biggest Profit Since 2022
Chevron reported second-quarter net income of $12.1 billion, or $6.11 per diluted share, on Friday — its largest quarterly profit since 2022. Adjusted earnings of $6.06 per share came in well ahead of analyst estimates near $5.27, a beat of roughly 15%. Revenue climbed 56% year over year to $70.1 billion as worldwide production rose 20%, with record U.S. output and near-full utilization at domestic refineries. Elevated crude prices tied to this year's Middle East tensions amp
Aug 11 min read


Coca-Cola Meets Q2 Expectations on $13.1 Billion in Revenue
Coca-Cola reported second-quarter results before Tuesday's open, posting earnings of 92 cents per share on revenue of $13.1 billion — in line with analyst expectations and representing roughly 4% top-line growth from a year earlier. The quarter extended the beverage giant's run of steady year-over-year growth, though commentary around margin pressure drew attention on the 8:30 a.m. ET investor call. Cost inflation and currency effects remain the key watch items for the second
Jul 281 min read


Robinhood Reports Wednesday: Street Eyes $1.27 Billion Quarter
Robinhood Markets reports second-quarter results after Wednesday's closing bell, with Wall Street forecasting earnings of 42 cents per share on revenue of about $1.27 billion — a 28% increase from a year earlier driven by strong equity and options trading. Analysts lean bullish into the print. KeyBanc recently raised its price target to $125 from $100, citing improving fundamentals, though soft crypto volumes, rising costs, and a premium valuation temper the setup. Crypto acc
Jul 281 min read


Global Chip Rout Deepens: SK Hynix Plunges 15%, Dragging U.S. Names
A global semiconductor selloff intensified Tuesday after SK Hynix plunged nearly 15% in Seoul and Samsung Electronics fell more than 13%, rattling chip and AI-hardware names worldwide. Tokyo Electron dropped about 11%, Kioxia sank more than 18%, and TSMC closed almost 3% lower. The weakness carried into U.S. premarket trading, where Micron slid nearly 5%, Intel and AMD lost more than 3%, and Nvidia dipped about 1%. Nasdaq-100 futures were down 0.9% while Dow futures held mode
Jul 281 min read


UPS Tops Q2 Estimates as Restructuring Charges Weigh on Profit
United Parcel Service reported second-quarter results Tuesday that beat Wall Street expectations, with adjusted earnings of $1.76 per share against analyst estimates of about $1.65. Revenue came in at $22.83 billion, well ahead of the roughly $21.75 billion consensus. GAAP net income fell to $604 million, or 71 cents per share, from $1.28 billion a year earlier. The decline was driven by $891 million in after-tax transformation charges, primarily employee separation costs tie
Jul 281 min read


Fed Opens Two-Day Meeting With Markets Split on Rate Path
The Federal Reserve begins its two-day policy meeting Tuesday in what traders call one of the hardest decisions to handicap in years. Market bets lean toward a hold when the decision lands Wednesday afternoon, but conviction is thin and some see a hike still on the table. Stocks opened the session mixed: Dow futures rose about 123 points while Nasdaq-100 futures fell 0.9% as a semiconductor selloff deepened. A fresh read on consumer confidence at 10 a.m. ET adds another data
Jul 281 min read


Brent Slides Below $90 as U.S.-Iran Pause Holds; Chevron, BP Retreat
Oil prices fell sharply Monday after Iran reportedly said it would suspend attacks as long as the U.S. pause in hostilities remains in place. Brent crude for September delivery dropped 7.3% to around $89.73 a barrel, while U.S. West Texas Intermediate fell 6.5% to $83.47 — a swift retreat from the $100-plus levels reached last week as tanker attacks widened. Energy producers bore the brunt of the move. Chevron slipped about 2.5% in premarket trading, while BP fell 3.4% in Eur
Jul 271 min read


UPS Reports Tuesday: Wall Street Looks for Return to Earnings Growth
United Parcel Service reports second-quarter results before Tuesday's opening bell, with analysts expecting earnings of about $1.66 per share, up roughly 6.5% from $1.55 a year ago, on revenue near $21.75 billion — a 2.5% increase from the year-ago quarter. The report lands in the middle of the quarter's heaviest earnings week and will offer a read on both consumer shipping demand and business investment. UPS has topped Wall Street's EPS estimates in three of its last four qu
Jul 271 min read


Futures Rally as Oil Tumbles Ahead of the Quarter's Busiest Week
U.S. stock futures pushed higher early Monday, with Dow and S&P 500 contracts up about 0.8% and Nasdaq-100 futures jumping roughly 1.6%, as a sharp drop in oil prices eased inflation worries following a weekend pause in hostilities between the U.S. and Iran. The rally sets the stage for the busiest week of the quarter. The Federal Reserve's July 28-29 meeting headlines the calendar, with markets split on whether Chair Kevin Warsh and colleagues will hold rates — CME FedWatch
Jul 271 min read


NIO's Chip Bet Pays Off: CXMT Stake Jumps Fivefold After Blockbuster IPO
NIO received a rare piece of good news Monday: the electric-vehicle maker's 158 million yuan stake in ChangXin Memory Technologies (CXMT) has jumped more than fivefold in value after the Chinese DRAM maker's debut on Shanghai's STAR Market. The windfall comes at a welcome moment for NIO shareholders. The stock has fallen for seven straight sessions, closing 3.3% lower at $4.49 on Friday, as mixed delivery numbers and intensifying competition in China's EV market weigh on sent
Jul 271 min read


Super Micro Soars on $60 Billion Order Backlog and Raised Margin Outlook
Super Micro Computer surged as much as 26.6% intraday before closing up nearly 20% at $30.56 after the AI server maker released strong preliminary quarterly results alongside a wave of large new AI infrastructure orders. The company disclosed more than $60 billion in order backlog for its fiscal fourth quarter and sharply raised gross margin guidance to a range of 15% to 17%, up from the 8.2% to 8.4% projected in May. Super Micro also launched its H15 AMD-based server family
Jul 271 min read


Fed Decision Headlines a Packed Week: Coca-Cola, MGM and Chevron Report
Wall Street faces one of the busiest stretches of the summer this week, with the Federal Reserve's policy decision due Wednesday, July 29, alongside a wave of mega-cap earnings that includes Microsoft, Meta, Amazon and Apple. The FOMC meeting comes after a volatile week in which the S&P 500 finished nearly flat at 7,411.98 while the Nasdaq slipped as chip stocks weakened. Several portfolio names are on the earnings calendar. Coca-Cola reports Tuesday, looking to extend a stro
Jul 261 min read


Riot Platforms Gains as Morgan Stanley Starts Coverage at Overweight
Riot Platforms shares advanced after Morgan Stanley initiated coverage with an Overweight rating and a $36 price target, citing the bitcoin miner's large power footprint and its potential to monetize capacity through both mining and AI data-center leasing. The initiation lands as Riot repositions itself as a revenue-generating data center operator. The company reported 42.5 EH/s of deployed hash rate and 1,473 bitcoin produced in its most recent quarterly update, and it has c
Jul 261 min read


Cal-Maine, Egg Producers Settle Price-Collusion Claims for $3.3 Million
Cal-Maine Foods and other major U.S. egg producers agreed to pay $3.3 million and donate 53 million eggs to resolve government claims that they colluded to raise egg prices between 2022 and 2025. No company admitted wrongdoing as part of the settlement. The resolution removes a legal overhang for Cal-Maine, the largest U.S. egg producer, which has navigated years of scrutiny over pricing during avian-flu-driven supply shortages that sent retail egg prices to records. Investor
Jul 261 min read


Oil Retreats to $97 in Biggest Drop Since June; Chevron and BP Watch Closely
Brent crude fell roughly 4% on Friday to settle near $97 a barrel, its largest one-day decline since late June, pulling back from the $100-plus levels reached earlier in the week after Houthi militants attacked two Saudi tankers in the Red Sea. The retreat offers a pause rather than an all-clear. Oil shipments remain under threat on multiple fronts — the Strait of Hormuz, the Red Sea and the Black Sea — and some analysts warn Brent could push toward $120 or beyond if the esca
Jul 261 min read


Delta Named a Top Airline Pick for the Rest of 2026 Despite Fuel Headwinds
Delta Air Lines was highlighted among airline stocks worth watching this weekend, with Barchart making the case for the carrier as a top pick for the remainder of 2026 on the strength of its premium cabin revenue and loyalty program economics. Delta's second-quarter results, reported July 10, beat Wall Street expectations even as high fuel costs pressured margins — a contrast with American Airlines, which sank last week after cutting guidance despite its own Q2 beat. With Bre
Jul 261 min read
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