US WHOLESALE INVENTORIES (MOM) ACTUAL: 0.7% VS 1.3% PREVIOUS; EST 0.5%
Premarket movers
Mag 7 stocks are all higher (Tesla +1.3%, Meta +0.7%, Alphabet +0.7%, Amazon +0.6%, Nvidia +0.5%, Apple +0.1%, Microsoft +0.1%)
Cryptocurrency-linked stocks are rallying as Bitcoin rises, putting it on track for its best weekly gain in more than two years. Strategy (MSTR) climbs 8%, Coinbase (COIN) rises 5%.
Mining stocks are rising as gold is on track for a third weekly gain after the US Treasury’s unexpected ramp-up in buybacks of long-dated government debt underscored concerns about its burden. Newmont (NEM) rises 3%.
Flowers Foods (FLO) falls 4% after the maker of Wonder Bread cut its adjusted earnings-per-share forecast for the full year.
O-I Glass (OI) rises 5% after Citi upgraded the packaging products company to buy, saying shares appear to be “meaningfully oversold.”
OSI Systems (OSIS) falls 13% after the medical device maker’s forecast for fiscal 2027 revenue fell short of the average analyst estimate.
Parsons Corp. (PSN) rises 2% after Baird upgraded the IT services company to outperform, saying guidance looks conservatively set.
NetEase ADRs (NTES) rise 6% after the company’s core gaming business was seen as resilient and forecast to keep growing steadily.
Ross Stores (ROST) climbs 8% after the off-price retailer boosted its earnings per share forecast for the full year.
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Eurozone Construction Output (M/M) Jul: 0.0% (prev -1.3%)
- Construction Output (Y/Y): -2.0% (prev -0.7%)
Premarket movers
Mag 7 names are all lower (Apple -0.1%, Alphabet -0.7%, Amazon -1.3%, Meta -1%, Microsoft -1.1%, Nvidia -1.3%, Tesla -1.2%)
Capricor Therapeutics (CAPR) rises 4% after Piper Sandler upgraded the biotech company to overweight, optimistic about the prospects for deramiocel, a treatment for Duchenne muscular dystrophy
Charter Communications (CHTR) inches 1% lower after the cable operator said CFO Jessica Fischer will step down in mid October to relocate for another professional opportunity.
Duolingo (DUOL) is up 6% after Evercore ISI upgraded the language-learning software company to outperform, noting investor opportunity following severe weakness in the stock, which is down more than 70% off a peak hit in mid-2025.
Fervo Energy (FRVO) jumps 13% on a Wall Street Journal report that the geothermal company has signed a deal to sell power to Alphabet’s Google.
GoPro (GPRO) soars 76%, with the stock set to extend gains after rallying more than 46% Monday.
Kroger (KR) slips 1% after Citi analyst Paul Lejuez cut his price target on the grocer to a Street-low $57 from $61, and adds a downside 30-day catalyst watch on the
stock ahead of Kroger’s Sept. 11 earnings report.
Medtronic (MDT) gains 4% after the medical device maker boosted its organic revenue forecast for the full year.
Micron Technology (MU) dips about 2% after the Taipei-based Liberty Times reported that Micron will deliver its highest incentive pay plan to its Taiwan-based employees in response to a potential strike by its labor union.
NIO ADRs (NIO) slip 1% after the carmaker reported vehicle deliveries for August that were largely flat from the previous month.
Robinhood Markets (HOOD) rises 2% after Morgan Stanley raised its recommendation on the exchange to overweight on growth from prediction markets.
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US Wholesale Inventories (M/M) July P: 1.3% (est 0.2%; prev 0.2%; prev R 0.3%)
- Retail Inventories (M/M): 0.7% (est 0.2%; prev 0.0%)
August wholesale inventories (blue) rose +0.7% m/m vs. +1.3% prior … retail inventories up +0.3% m/m vs. +0.8% prior
US Wholesale Inventories (M/M) Aug P: 0.7% (est 0.5%; prev 1.3%)
- Retail Inventories (M/M): 0.3% (est 0.3%; prev 0.8%)
July import prices (blue) -0.4% m/m vs. -0.3% prior (revised down from +0.3%); export prices (orange) -1.3% m/m vs. -0.7% prior
Home Depot Q2 2026 Earnings:
- Net Sales $47.86B (est $47.33B)
- Comp Sales 1.7% (est +0.94%)
- US Comp Sales +1.3% (est +0.85%)
- Merchandise Inventories $26.85B (est $26.29B)
- Adj EPS $4.92 (est $4.73)
- Still Sees FY Comp Sales About 0% TO +2% (est +1.2%)
- Reaffirms Fiscal 2026 Guidance
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The CoinDesk 20 is currently trading at 2154.22, up 1.3% (+26.68) since yesterday's close.
All 20 assets are trading higher.
Leaders: $ICP (+5.2%) and $LINK (+4.0%).
Laggards: $LTC (+0.7%) and $BNB (+0.7%).
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