Morning Preview: August 07, 2026

Early Look

Friday, August 7, 2026

U.S. stocks may have finished lower on Thursday, but Friday is shaping up to be a strong day after good earnings results overnight in tech, as investors turn their attention to the closely watched July employment situation report at 8:30 am et where 80,000 nonfarm payrolls are expected to be added. Shares of software companies TEAM, FROG, TWLO are all up over 15% in the software sector after results, while other tech companies like NET, MCHP, AKAM are also soaring double digit percent after their results. Precious metals are looking strong, adding to weekly gains with gold rising 1.6% to $4,360 and silver outperforms up over 3%. The 2-year Treasury yield was little changed at 4.25%, the benchmark 10-year Treasury yield was flat at 4.68%, and the 30-year Treasury yield was unchanged at 5.22%. In Asian markets, The Nikkei Index fell -76 points to 65,606, the Shanghai Index rose 39 points to 3,940, and the Hang Seng Index gained 137 points to 25,668. In Europe, the German DAX is rising 194 points to 26,334, while the FTSE 100 adds 62 points to 10,929. All eyes on the jobs data at 8:30 while US futures look to build on weekly gains after a massive run to start the week. Global bond funds attracted $23 billion this week, driven by strong demand for US high-yield debt. US bond inflows jumped to $17.8 billion from $7.9 billion last week, while Canadian and eurozone government bonds also saw solid demand. Meanwhile, global equity inflows slowed sharply to $32.9 billion, down from $63.7 billion the previous week.

• The Dow Jones Industrial Average fell -464.02 points, or 0.85%, to 53,885.10
• The Nasdaq Composite slipped -15.09 points, or 0.06%, to 26,348.35
• The Russell 2000 Index declined -17.64 points, or 0.58% to 3,001.55

• DraftKings (DKNG) Q2 adj EPS $0.09 vs. est. $0.17; Q2 revs $1.44B vs. est. $1.51B; Q2 operating loss -$68.2M; guides year revs $6.5B-$6.9B vs. est. $6.72B and sees FY Ebitda year $700M-$900M; Q2 Sports Consumer Volume $13.1B, +15% y/y, Monthly Unique Payers 3.6M, +9% y/y and Average Revenue per MUP $132, -13% y/y.
• Dream Finders Homes (DFH) said it would acquire U.S. homebuilder Beazer Homes (BZH) in an all-cash deal valued at about $2.2 billion, including debt, as Beazer shareholders will receive $33.50 in cash for each share they own. It represents a premium of 0.12% from Beazer’s last close.
• Instacart (CART) Q2 EPS $0.45 vs. est. $0.54; Q2 revs rises 14% y/y to $1.04B vs. est. $1.03B; Q4 Gross transaction value rose 14%, to $10.35B, while orders increased 9%, to 90.3M; Q4 net income falls -4% to $111M; sees Q3 adjusted EBITDA $320M-$340M and sees Q3 GTV $10.3B-$10.55B.
• Lyft Inc. (LYFT) Q2 EPS $0.13 vs. est. $0.14; Q2 revs $1.8B vs. consensus $1.81B; Q2 Adjusted core profit jumped 37% to $177.2M, exceeding estimates of $171.9M; Q2 gross bookings $5.5B, up 23% while Q2 active riders went up 17% y/y to 30.5M; sees Q3 adjusted EBITDA $183M-$203M and sees Q3 gross bookings $5.5B-$5.67B.
• Monster Beverage (MNST) Q2 adj EPS $0.60 vs. est. $0.58; Q2 sales rose to $2.537B vs. est. $2.428B; Q2 operating expenses $679.12M; Q2 operating income $584.5M; Net sales, excluding the Alcohol Brands segment rose 20.8% in Q2
• Texas Roadhouse (TXRH) Q2 EPS $1.85 vs. est. $1.82; revenue $1.680B vs. est. $1.674B, Q2 comparable restaurant sales up 6.2% and Q3‑to‑date comps also up 6.2%, with traffic growth and modest menu pricing supporting average weekly sales; restaurant margin dollars and operating Income up year‑on‑year despite commodity and wage inflation pressures.

• Century Aluminum (CENX) Q2 adj EPS $2.46 vs. est. $2.30; Q2 revs $752M vs. est. $830.5M; Q2 adjusted EBITDA $326.9M slightly beat analyst expectations of $326M, driven by favorable metal prices and sales mix; expects Q3 Adjusted EBITDA attributable to Century between $325M-$345M; said increased realized metal prices and higher shipments from Mt. Holly expansion, and Grundartangi restart drove sequential sales growth
• Karman (KRMN) Q2 adj. EPS $0.14 vs. est. $0.13; revenue $182.1Mm vs. est. $180.1Mm, building on Q1 2026 revenue $151.2Mm (+51% YoY) and reflecting broad‑based growth across Hypersonics, space and launch, Tactical missiles, and Maritime Defense systems; adj. EBITDA $54.6Mm vs est $51.58Mm; FY 2026 revenue guidance raised to $730Mm-$745Mm vs est $732.18Mm and FY adj. EBITDA guidance to $215Mm-$222.5Mm.
• James Hardie (JHX) Q1 adj. EPS $0.36 vs. est. $0.32; revenue $1.47B vs. est. $1.42B, with organic growth expected in the core Siding & Trim segment; Q2 FY27 net sales guidance $1.485B-$1.575B vs est $1.319B and Q2 adj. EBITDA guidance $420Mm-$455Mm vs est $357.68Mm; FY27 total net sales guidance $5.564B-$5.723B vs est $5.571B and FY27 total adj. EBITDA guidance $1.536B-$1.625B vs est $1.552B.
• MP Materials (MP) Q2 adj EPS loss (-$0.01) vs. est. $0.00; Q2 net loss of $20.3M, narrowing from $30.9M loss y/y; Q2 revenue rose 89% y/y to $108.5M vs. est. $95.95M; Q2 non-GAAP adj EBITDA turned positive at $28.5M from a loss of -$12.5M y/y; NdPr production climbed 41% to 840 metric tons; NdPr sales more than doubled to 1,006 metric tons.
• Republic Service group (RSG) Q2 adj EPS $1.85 vs. est. $1.82; Q2 revs $4.43B vs. est. $4.36B; sees FY26 adjusted EPS $7.23-$7.28, vs. consensus $7.29 and sees FY26 revenue $17.2B-$17.3B vs. est. $17.2B; sees FY26 adjusted EBITDA $5.525B-$5.55B.
• Sunoco LP (SUN) said it has entered into a definitive agreement whereby Sunoco will acquire Offen Petroleum in an all-cash transaction valued at approximately $600 million.
• E-Energy (XE) shares rose after Amazon (AMZN) reports stake of 65.8M shares.

• AIG Corp. (AIG) Q2 adjusted EPS $2.00 vs. consensus $1.93; Q2 Net investment income slid 23% to $1.47B, Q2 gross premiums written rose 8.8% to $10.9B, and Q2 catastrophe-related charges were $210M, up from $170M in the prior quarter; reported a Q2 profit of $948M, or $1.78 a share, compared with $1.14B y/y.
• Rocket Companies (RKT) Q2 adj. EPS $0.16 vs. est. $0.17, miss by $0.01; adj. revenue $2.76B vs. est. $2.815B, miss by $55Mm; adj. EBITDA $766Mm; Q3 adj. revenue guidance $2.5B-$2.7B vs est $2.843Mm.
• Sezzle (SEZL) shares plunged despite the digital payments company beating Q2 expectations and raising its FY2026 outlook, as investors focused on rising operating expenses. Adjusted EPS of $1.13 topped the $1.02 consensus, while revenue rose 52% Y/Y to $149.7M, beating estimates by $14.6M. GMV jumped 38% to $1.3B, while active subscribers surged 76% to 854K. Sezzle now expects FY2026 adjusted EPS of $5.25, up from $5.10 previously and above the $5.12 est., with revenue growth at the high end of its prior 30%-35%.

• Doximity (DOCS) shares surge as Q1 EPS $0.29 vs. est. $0.30; Q1 revs $156.6M vs. est. $151.73M; Q1 workflow active prescriber growth of more than 30% y/y and AI Search query growth of over 25% q/q; sees FY27 revenue $671M-$681M, above consensus $670.34M and sees Fy27 adjusted EBITDA $309M-$329M.
• Halozyme Therapeutics (HALO) 2Q adj. EPS $2.28 beats $1.84 Estimate, and Q2 sales $480.99M beat $407.493M estimate; raises 2026 non-GAAP EPS view to $8.65-$9.00 from $7.75 to $8.25 (est. $8.10) and raises 2026 revenue view to $1.835B-$1.910B from $1.710B-$1.810B, vs. consensus $1.77B.
• IRhythm (IRTC) to acquire VitalConnect, expanding its cardiac monitoring platform across ambulatory, inpatient and hospital-to-home Care in deal valued at $287.50M; $237.50M cash, $50M stock.
• Natera (NTRA) Q2 EPS ($0.47) vs est ($0.49) on revs $752.8Mm vs est $660.69Mm; FY 2026 revenue guidance $2.74B-$2.82B vs est $2.797B; FY gross margin guidance 64%-66%,
• Replimune (REPL) said the FDA approved its therapy for advanced skin cancer, Tudriqev, a genetically modified virus that doctors inject directly into tumors, where it is designed to kill cancer cells and trigger an immune response against tumors elsewhere in the body.
• ResMed Corp. (RMD) Q4 adj. EPS $2.95 vs. est. $2.89, up mid‑teens YoY; revenue $1.50B vs. est. $1.459B, low double‑digit YoY growth with Sleep and respiratory Care demand supporting operating leverage; adj. gross margin 62.3%, extending prior quarters’ margin expansion; dividend raised to $0.66/share alongside buybacks.

• Applied Optoelectronics (AAOI) Q2 EPS $0.06 vs. est. $0.01; Q2 revs $191.9M vs. est. $190.48M; sees Q3 non-GAAP EPS $0.11-$0.26 vs. est. $0.28 and revs $255M-$290M vs. consensus $264.56M; sees Q3 non-GAAP gross margin in the range of 29%-30.5%; said volume of 800G products more than doubled sequentially.
• Atlassian Corp. (TEAM) Q4 adj. EPS $1.87 vs. est. $1.50; revenue $1.77B vs. est. $1.66B, beat by $110Mm; adj. operating margin 36%; Q1 revenue guidance $1.705B-$1.715B vs. est. $1.665B; Q1 gross margin guidance 85%; FY gross-margin outlook 84.5%; FY27 total revenue growth expected ~13% YoY vs est +13.67% and subscription ARR growth expected ~18%; CEO Mike Cannon‑Brookes plans to purchase up to $250Mm of Atlassian shares
• CleanSpark (CLSK) Q3 net loss -$239.8M, Q3 adj Ebitda loss -$113M from $377M y/y, Q3 Bitcoin mining revs $138M, down from $198.6M y/y.
• Cloudflare Inc. (NET) Q2 adj EPS $0.29 vs. est. $0.27; Q2 revs rose 36.1% y/y to $696M vs. est. $665.5M; guides Q3 revs $736M-$737M vs. est. $722M; raises FY26 EPS view to $1.25-$1.26 from $1.19-$1.20 and boosts FY26 revenue view to $2.864B-$2.87B from $2.804B-$2.813B (est. $2.81B).
• DoubleVerify Holdings (DV) to be acquired by Nielsen Holdings in a a deal with an enterprise value of about $2.15 billion as Nielsen will pay $13.60 a share.
• Dropbox (DBX) Q2 adj. EPS $0.75 vs. est. $0.74; revenue $631.5Mm vs. est. $626.7Mm; non‑GAAP gross margin ~81% with adj. EBIT margin 39.7%; paying users 18.19Mm with +96k net adds QoQ and ARPU $139.68.
• Five9 Inc. (FIVN) Q2 revs $312.4M vs. est. $306.6M; guides Q3 EPS below views and revs above while backs FY26 adjusted EPS view $3.22-$3.30 (est. $3.25) and raises FY26 revenue view to $1.26B-$1.272B from $1.254B-$1.266B vs. consensus $1.26B.
• JFrog Ltd. (FROG) Q2 adj. EPS $0.27 vs. est. $0.24, beat by $0.03; revenue $163.8Mm vs. est. $155.6Mm, beat by $8.2Mm; adj. gross profit $136.2Mm; adj. gross margin 83.2%; adj. operating Income $32.6Mm vs. est. $28.7Mm, adj. operating margin 19.9%; Q3 adj. operating Income guidance $27Mm-$29Mm vs est $26.43Mm.
• Marathon Digital (MARA) Q2 EPS loss (-$1.60) vs. est. $0.26; Q2 sales $174.88M vs. est. $203.6M.
• Microchip Technology (MCHP) Q1 adj. EPS $0.76 vs. est. $0.69; sales $1.485B vs. est. $1.458B, with sequential net sales expected to rise 7%-9% in the September quarter; Q2 FY27 net sales guidance $1.589B-$1.618B vs est $1.55B and Q2 adj. EPS guidance $0.91-$0.95 vs est $0.79, implying continued margin expansion; quarterly cash dividend $0.455/share and FY CAPEX guidance ~$100Mm, with commentary highlighting reduced planned capital investments through FY27.
• Onto Innovation (ONTO) Q2 adj EPS $1.93 vs. est. $1.68; Q2 revs rose 35.3% y/y to $343.12M vs. est. $325.2M; Q2 net income of $60.1M, up 77.29% y/y while gross margin widened 5.2 percentage points to 53.4%; Advanced Nodes revenue grew 50% sequentially, while Specialty Devices and Advanced Packaging revenue hit an all-time high; backlog topped $1B for the first time; Q3 revenue forecast at $380M-$400M.
• Ouster Inc. (OUST) Q2 EPS ($0.27) vs. est ($0.27); revenue $55Mm vs. est. $50.88Mm with product revenue ~$53Mm driven by industrial and Smart infrastructure customers in Warehouse automation, yard Logistics, and Intelligent transportation; shipped >17,000 lidar and camera sensors, lidar ~53% of total; non‑GAAP gross margin 53%; Q3 2026 revenue guidance $54.5Mm-$57.5Mm vs est $57.48Mm.
• Rigetti Computing (RGTI) Q2 adj. EPS ($0.05) vs. est. ($0.05); revenue $5.1Mm vs. est. $5.15Mm, gross profit $2.19Mm with operating loss $28.1Mm and operating expenses $30.3Mm.
• SK Hynix (SKHY) said that its board had approved about 54.3 trillion won ($38.30 billion) of investments through 2031, including 35.2 trillion won for the second phase of construction of its chip fabrication plant in Yongin and 19.1 trillion won for its M17 chip plant in Cheongju.
• Trade Desk (TTD) Q2 adj EPS $0.34 vs est $0.40 on revs $715.1Mm vs est $751.39Mm, adj EBITDA mgn 34%; guides Q3 revs more than $650Mm vs est $805.09Mm and adj EBITDA $160Mm vs est $341.26Mm.
• Twilio (TWLO) Q2 adj. EPS $1.47 vs. est. $1.32, beat by $0.15; revenue $1.499B vs. est. $1.429B, beat by $70Mm; gross profit $725.9Mm; adj. operating Income $285Mm vs est $258.36Mm; Q3 revenue guidance $1.505B-$1.515B vs. est. $1.47B; Q3 adj. operating profit guidance $285Mm-$295Mm vs est $270.46Mm; Q3 adj. EPS guidance $1.42-$1.47 vs. est. $1.40.