Morning Preview: August 11, 2026

Early Look

Tuesday, August 11, 2026

After a lackluster trading day on Monday saw major averages pull back slightly from record highs reached late last week, futures look listless as Wall Street eagerly awaits key July consumer prices (CPI) inflation data Wednesday morning (and PPI on Thursday), which could be key in determining the U.S. Federal Reserve’s interest rate path. The consumer price index (CPI) is forecast to rise 0.1% in July from a 0.4% fall in June, while the year-over-year figure is expected at 3.4% from 3.5% the previous month, according to a Reuters poll. The core CPI forecast was for a 0.1% rise while the year-on-year number was seen at 2.5%. The headline U.S. producer price index is seen rising 0.2% in July after a 0.3% decline. Year-over-year, PPI is expected to rise 4.9% after advancing 5.5% in June. While stock markets are holding steady, inflationary concerns are rising as Brent crude extends its latest rally approaching $90 per barrel while the benchmark 10-year Treasury yield tops 4.72% (after hitting lows around 4.61% Friday morning after the weak jobs report). Treasury yields and the dollar moved higher as rising oil prices fueled concerns over stalled U.S.-Iran negotiations on the Strait of Hormuz. Markets are increasing bets on a Fed rate hike in September. In Asian markets, The Nikkei Index was closed, the Shanghai Index fell -32 points to 3,934, and the Hang Seng Index dropped -284 points to 25,652. In Europe, the German DAX is down -12 points to 26,311, while the FTSE 100 is down a few points to 10,858.

• The Dow Jones Industrial Average fell -60.95 points, or 0.59%, to 53,975.98
• The Nasdaq Composite dropped -85.26 points, or 0.32%, to 26,605.36
• The Russell 2000 Index declined -17.10 points, or 0.56% to 3,017.40

• 7:45 AM ET ICSC Weekly Retail Sales
• 8:55 AM ET                  Johnson/Redbook Weekly Sales
• 10:00 AM ET                Existing Home Sales for July
• 1:00 PM ET US Treasury to sell $58B in 3-year notes
• 4:30 PM ET API Weekly Inventory Data

• Earnings After the Close: AGRO AQST ATRO BGS BORR BRCB CAVA CDXS CINT CRWV DDI DNN EROC EVLV FLY FNV GRWG HRB HYLN IMOS LITE MLYS NCMI NN OWLT PXLW QNT QUIK SINT SMCI STXS TSHA WPRT WRAP

• DA Davidson 2026 Smallcap Conference, 8/10-8/11 (virtual)
• DA Davidson 16th Annual Western Bank Summit, 8/11-8/12 (virtual)
• Keybanc Technology Leadership Forum, 8/9-8/11, in Park City
• Needham 11th Annual MedTech & Diagnostics 1×1 Conference 8/10-8/11 (virtual)
• Oppenheimer 29th Annual Technology, Internet & Communications Conference, 8/11-8/13
• Stifel Biotech Summer Summit, 8/10-8/12, in Newport, RI
• TD Cowen 12th Annual Communications Infrastructure Summit, 8/10-8/11, in Boulder, CO

• Aramark (ARMK) Q3 adj EPS $0.52 vs est. $0.48; Q3 revenue $5.06B vs. consensus $4.94B; backs FY26 adjusted EPS growth 20%-25% and sees FY26 organic revenue growth 9%-10%
• On Holding (ONON) shares fall after they miss quarterly net sales estimate; Q2 EPS CHF 0.35, vs consensus CHF 0.34 but reports of CHF 850.3M, missed the consensus CHF 879.57M; said sales growth in biggest market Americas slows down to 13%; raised its full-year gross profit margin outlook to at least 65%, from its previous expectation of 64.5%; guides FY sales in range of 3.47B- 3.56B francs from its prior view of 3.51B francs.

• Archer Aviation (ACHR) Q2 adj EPS loss (-$177.1M) vs. est. loss (-$187.6M); Q2 net loss widens to (-$45.5M); Q2 revs $5M vs. est. $1.96Ml guides Q3 adj Ebitda (-$200M-$170M); Cash, cash equivalents and short-term investments fell to $1.56B, down $215.3M.
• AST SpaceMobile (ASTS) Q2 rev $31.5M vs. est. $34.5M; Q2 EPS loss (-$0.77); posted Q2 operating expenses $329.1M; guides FY revenue outlook $150M-$200M vs. est. $155.7M; said following the recent orbital launch of BlueBirds 11, 12, and 13, our space-based cellular broadband network has now grown to 13 spacecraft in orbit, each the largest ever in low Earth orbit, with approximately 20,000 square feet of combined aperture hardware deployed
• Babcock & Wilcox (BW) signed an agreement with Siemens Energy to begin work on 20 steam turbine generator sets, each providing 50 MW, totaling 1 GW of generating capacity.
• Curtiss-Wright Corporation (CW) expands 2026 share repurchase program by $100M to $160M annually.
• Plug Power (PLUG) Q2 adj. EPS ($0.07) vs est (0.08); revenue $178.3Mm vs. est. $169.1Mm, beat; break-even gross margin; operating loss $64.1Mm; net cash usage $61Mm; FY revenue guidance raised to +15-16%, says on track to achieve positive EBITDAS in Q4
• Rocket labs (RKLB) Q2 EPS loss (-$0.08) vs. est. loss (-$0.05); Q2 revs rose 62% y/y to $234.07M vs. est. $230.94M, $34M higher than last quarter’s record – driven by surging demand across all areas of our business. Q2 2026 saw our backlog grow to $2.36B; guides Q3 revs $250M-$265M vs. est. $236M; shares fell after the company appeared to push back the timeline for the first flight of its Neutron rocket on Monday, as it now aims to get the vehicle to the launch pad in the fourth quarter rather than launching it then.
• USA Rare Earth (USAR) Q2 EPS ($0.15) vs. est. ($0.11), miss; revenue $5.82Mm vs. est. $8.04Mm, miss; operating loss $46.3Mm; announced intent to acquire Serra Verde, described as the only scaled producer of all four magnetic rare earths outside Asia.

• MarketAxess (MKTX) downgraded to Market Perform from Outperform at Keefe Bruyette.
• Simon Property Group (SPG) Q2 real estate FFO/share $3.29 vs est $3.22, +7.9% YoY; reported FFO/share $3.12; revenue $1.79B vs. est. $1.612B, beat; Q2 dividend $1.04688/share; FY EPS guidance $6.47-$7.47 vs est $6.73; FY real estate FFO/share guidance $13.20-$13.30 vs est $13.11.

• Biohaven (BHVN) Q2 EPS loss (-$0.91) vs. est. loss (-$0.76); Q2 GAAP net loss of (-$137.1M); Q2 R&D expense fell 45.34% to $100.81M, attributed to lower direct program and preclinical spend following a 4Q 2025 reprioritization; expects topline results from Phase 2/3 RISE3 epilepsy trial in 2H 2026; Biohaven plans to initiate pivotal Phase 3 study for BHV-1400 in IgAN in 2H 2026.
• BridgeBio Pharma (BBIO) Q2 EPS loss (-$0.78) vs. est. loss (-$0.59); Q2 revs $243.68M vs. est. $218.75M while posted a narrower net loss per share compared to Q2 last year; Revenue growth was mainly driven by higher U.S. sales of Attruby.
• Hims & Hers (HIMS) shares fall; Q2 EPS ($0.37) vs est ($0.01); revenue $753.2Mm vs. est. $699.9Mm, beat; Q3 revenue guidance $880Mm-$900Mm vs est $793.07Mm; Q3 adj. EBITDA guidance $75Mm-$95Mm vs est $93.49Mm; FY revenue guidance $3.1B-$3.3B vs. est. $2.928B; FY adj. EBITDA guidance $275Mm-$325Mm vs. est. $296.2Mm; 2030 revenue target at least $6.5B and adj. EBITDA target at least $1.3B.
• Harrow Inc. (HROW) Q2 EPS ($0.46) vs est ($0.18); revenue $70.7Mm vs. est. $70.3Mm, +11% YoY; gross margin 71%.

• Everpure (P) announces Design win and supply agreement with second top five hyperscaler; said expects design win to contribute to revenue starting in FY2028. Citigroup upgraded Everpure to Buy from Neutral with a price target of $118, up from $90.
• iHeart Radio (IHRT) Q2 revenue $977Mm vs. est. $970.2Mm; adj. EBITDA $152Mm vs. est. $151.2Mm; free cash flow $46Mm; Q3 adj. EBITDA guidance $180Mm-$220Mm vs. est. $249.7Mm.
• Quantum Computing (QUBT) Q2 EPS ($0.05) vs. est. ($0.04), miss; revenue $5.6Mm vs. est. $5.15Mm, up from $0.1Mm YoY; Photonics product sales drove revenue; operating loss $23.0Mm; operating expenses $21.8Mm.
• Rapid7 Inc. (RPD) Q2 adj. EPS $0.44 vs. est. $0.35, beat; revenue $210.9Mm vs. est. $208.2Mm, +1% YoY; gross profit $145.3Mm; Q3 revenue guidance $208Mm-$210Mm vs est $210.49Mm; Q3 adj. EPS guidance $0.44-$0.47 vs est $0.42.
• Riot Platforms (RIOT) Q2 revenue $174.2Mm vs. est. $152.1Mm, +14% YoY; Bitcoin mining revenue $113.7Mm; Data Center revenue $23.2Mm; Engineering revenue $37.3Mm; produced 1,587 Bitcoin; average cost to mine Bitcoin $49,912; liquid assets exceeded $1.2B, including $548.9Mm cash and 11,380 Bitcoin; executes 20-year, 191 mw data center lease with Frontier Ai lab for $9.10B revenue and says data center lease extensions could increase total contract value to $16.10B. Bloomberg reported Anthropic PBC has struck a $9.1 billion deal with Riot Platforms Inc., a Bitcoin mining company that recently began selling AI data center capacity.
• Sea Limited (SE) Q2 revenue $7.79B, +48.1% y/y vs. est. $7.06B; Q2 gross profit $3.55B, +47.3% y/y, net income $458.1M, +10.6% y/y and adj. EBITDA $917.2M, +10.6% y/y; said expects Shopee to reach $1B in Adj. EBITDA for FY2026; Q2 Shopee GMV rose 28.4% y/y to $38.3B, gross orders increased 27.5% to 4.2B, and revenue climbed 48.2% to $5.6B; core Shopee marketplace revenue increased 65.6% to $4.3B, highlighting stronger monetization alongside GMV growth.
• Taiwan Semi (TSM) and Sony Group (SONY) said they will form a $4.69B joint venture to develop and make next-generation image sensors in southern Japan, with volume production expected to start in 2029. Sony will be the controlling shareholder and invest 465 billion yen ($2.92 billion), while TSMC will invest 282 billion yen, the companies said in a joint statement.