Todays Top Headlines

● Asian stocks cautious after mixed US jobs report and bond rally, awaiting inflation
figures.
● SoftBank expected to report Q1 earnings rebound, driven by Vision Fund's tech stocks.
● Authentic Restaurant Brands acquires Pollo Tropical for $225 million, parent company
saw 8.4% revenue increase.
● Elon Musk and Mark Zuckerberg challenge each other to a live-streamed cage match for
charity.
● IMF raises global growth forecast, concerns about Ukraine and extreme weather
impacting commodities.
● Prague's Paralelní Polis is a decentralized technology hub championing privacy and
self-sovereignty.
● Advancements in waterproofing and audio tech have led to the creation of waterproof
headphones for swimming and running, although their sound quality is lower compared
to top headphones.
● SharkNinja's NYSE debut saw a 40% surge but fell below the listing price, posing risks
for investors due to control by China's JS Global.
● Aurora Innovation aims to tackle trucking challenges with self-driving technology, aiming
to cut delivery time and partnering with companies like Uber Freight and FedEx.
● The oil industry is facing a talent shortage, with fewer petroleum-engineering graduates,
but they still earn 40% more than peers with computer science degrees.
● AustralianSuper made investment changes, reducing holdings in Apple and Microsoft
while increasing Tesla and initiating Nvidia.
● Automation is reducing jobs in certain sectors but benefiting others like electronics and
consumer goods, with companies like Zipline revolutionizing delivery with autonomous
drones.
● Chinese stocks are struggling but government measures to stabilize the economy may
boost growth in the future.
Watchlist
Chart of The Week

Catalysts
Monday - August 7
● Volatility watch - Short interest on Fisker (FSR) and Blink Charging (BLNK) are still at
high levels. Options trading volume is elevated on Yellow (YELL) and AEye (LIDR) once
again. Companies with IPO lockup periods expiring for blocks of shares include Enlight
Renewable Energy (ENLT), Mineralys Therapeutics (MLYS), Mill City Ventures III
(MCVT), Hesai Group (HSAI), Nextracker (NXT), and Lucy Scientific Discovery (LSDI).
● Earnings watch - Notable companies due to report include Tyson Foods (TSN), Lucid
Group (LCID), Paramount Global (PARA), and Palantir Technologies (PLTR).
● All day - The three-day Ai4 artificial intelligence conference in Las Vegas will include
speakers from Block (SQ), Walmart (WMT), Mastercard (MA), Snap (SNAP), General
Motors' Cruise (GM), and Faraday Future (FFIE).
 ● All day - Federal Reserve Bank of Atlanta President Raphael Bostic and Federal
Reserve Board member Michelle Bowman will speak at the Fed Listens Event.
Tuesday - August 8
● Earnings watch - Notable companies due to report include Eli Lilly (LLY), United Parcel
Service (UPS), Li Auto (LI), Coupang (CPNG), and Datadog (DDOG). Options trading
implies a double-digit share price swing for Vroom (VRM), Bigbear.AI (BBAI), and
Rackspace Technology (RXT).
● All day - The six-month restriction ends for MGM Resorts (MGM) to make another push
to acquire Entain (OTCPK:GMVHF).
● 8:00 a.m. Keros Therapeutics (KROS) will host a conference call and webcast to provide
an overview of TROPOS, its global Phase 2 clinical trial to evaluate KER-012 in
combination with background therapy in patients with pulmonary arterial hypertension.
● 8:15 a.m. Federal Reserve Bank of Philadelphia President Patrick Harkin will speak on
the economic outlook in Philadelphia.
● 12:00 p.m. The EIA will release its monthly Short-Term Energy Outlook.
Wednesday - August 9
● Earnings watch - Notable companies due to report include Disney (DIS), Trade Desk
(TTD), Roblox (RBLX), Wynn Resorts (WYNN), and Brookfield Asset Management
(BAM). Options trading implies a double-digit share price swing for Blue Apron (APRN),
Canopy Growth (CGC), and Wheels Up (UP) following their reports.
● All day - The pretrial hearing in the FTC case to challenge InterContinental Exchange's
(ICE) purchase of Black Knight (BKI) is scheduled amid talk that a settlement could be in
the works.
● All day - The two-day JPMorgan Auto Conference will include presentations from
Westport Fuel Systems (WPRT), AEye (LIDR), Carvana (CVNA), Aptiv (APTV),
Gentherm (THRM), Stoneridge (SRI), Arbe Robotics (ARBE), Blackberry (BB), Cepton
(CPTN), Innoviz Technologies (INVZ), American Axle & Manufacturing (AXL), Hertz
Global (HTZ), Luminar Technologies (LAZR), Dana (DAN), Adient (ADNT), and Aeva
Technologies (AEVA). The JPMorgan event will also feature execs with Ford Motor (F)
taking part in a fireside chat to discuss the Ford+ plan to grow and create value in a new
era of connected and electric vehicles.
● All day - Kellogg Company (K) will host an Investor Day for institutional investors and
analysts at the New York Stock Exchange. Ahead of the planned split by the food
company into two businesses, the Day@K presentation format will include talks from
management teams for both Kellanova and WK Kellogg Co., outlining each company's
respective strategy, capital structure, capital allocation priorities, and financial outlook.
● 4:30 p.m. Athersys (ATHX) will host a business update conference call to provide an
overview of the company’s recent clinical and operational progress, and discuss timing
to conduct an interim analysis with MASTERS-2, a Phase 3 pivotal trial of MultiStem
treatment in ischemic stroke.
Thursday - August 10
● Earnings watch - Notable companies due to report include Alibaba (BABA), US Foods
(USFD), and Ralph Lauren (RL). Options trading implies a double-digit share price swing
for Archer Aviation (ACHR) and Hanesbrands (HBI) after they report.
 ● All day - Wayfair (W) will host an Investor Day with financial analysts and institutional
investors at its Boston headquarters. Members of Wayfair's senior leadership team will
present an updated view of the company's business strategy, followed by a live Q&A.
● All day - The annual Def Con hacker convention has more potential stock market
implications than in the past. Five teams of hackers will be in a sanctioned competition to
successfully remotely infiltrate and hijack a U.S. government satellite while it is in space.
In addition, companies such as OpenAI, Microsoft (MSFT), Google (GOOG), Nvidia
(NVDA), and startups Anthropic, Hugging Face, and Stability AI have all agreed to
provide their AI models for a hacking test.
● 7:30 a.m. Alibaba (BABA) will hold its earnings call. Analysts have the call circled as a
potential share price move for the broad Chinese tech sector.
● 8:30 a.m. Wix.com (WIX) will host its virtual Analyst & Investor Day. Wix's management
team are expected to present Wix's newest product releases and plan to further
incorporate generative AI into its platform.
● 8:30 a.m. The consumer price index report for July will be released. Economists forecast
headline CPI will be up 0.2% month-over-month and be up 3.3% year-over-year. Core
CPI is forecast to rise 0.2% month-over-month and be up 4.8% from a year ago to match
the pace from June.
Friday - August 11
● Earnings watch - Notable companies due to report include Spectrum Brands (SPB) and
Soho House (SHCO).
● 10:00 a.m. The latest University of Michigan Consumer Sentiment update will be
released. Based on recent data points, Bank of America expects consumer sentiment to
pick up notably to 73.0 in August’s preliminary reading from July's 71.6 reading.