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CLOSING BELL
Always Be Bullishing

The market climbed Wednesday, as rate cut hopes helped push the S&P 500 and Nasdaq to back-to-back closing highs. The Dow might join them soon, the big old index is nearly 100 points from a new all-time high, last set in December last year. 

Treasury Secretary Scott Bessent, at one time in the running for the FOMC board, called for up to 150 basis points of rate cuts for the September meeting. Futures and bets are nearly sure there will be a cut, as of Wednesday. 👀

Today's issue covers Traders are bullish on Bullish’s first bullish day, Apple is making robots now, Amazon is trying to out Walmart Walmart, and more. 📰

With the final numbers for indexes and the ETFs that track them, 10 of 11 sectors closed green, with materials $XLB ( ▲ 1.88% ) leading and staples $XLP ( 0.0% ) lagging.

 $SPY ( ▲ 0.34% )  $QQQ ( ▲ 0.05% ) 

 $IWM ( ▲ 1.94% )  $DIA ( ▲ 1.07% ) 

STOCKS
IPOs Are Still Rocking, And This One Sounds Bullish 🐂 

The Cryptocurrency exchange Bullish flew 180% intraday on Wednesday after the Peter Thiel-backed, Coindesk owner made its NYSE debut.

$BLSH ( ▲ 83.78% ) ended the day at a nearly $10B market cap, nearly tripling the initial $37/share priced IPO. The stock faced multiple circuit breaker halts due to volatility. What was all the buzz about?

Bullish owns Coindesk, the main trade publication in the crypto space, but makes its bread and butter from its Bullish Exchange, a derivatives market for institutional-sized clients. The exchange sees $2.6B in daily volume, according to its filing. The company attempted to go public in 2021 through a SPAC merger at a $9B valuation. Its plans were foiled by regulators last time.

The filing included a letter from Chief Tom Farley, describing investing in his neighbor’s start-up firm back in 2014 with $10M from his role running the NYSE Group’s balance sheet, because he liked the idea of “programmable finance.” The startup happened to be Coinbase. 🤑 

This year has been a big one for going public. So far, 133 companies worth more than $50 million have hit public markets, up 58% from last year, according to IPO tracker. 😅 

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Wellgistics Health Launches First-Ever XRP Payment Utility Program for Independent Pharmacies

Wellgistics Health (NASDAQ: WGRX) has unveiled a game-changing Ripple Labs–powered payment solution—giving independent pharmacies the ability to move money instantly, cut costs, and unlock cash flow like never before.

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• Settle Payments in Seconds – no more waiting days for funds.

• Eliminate Excess Fees – slash credit card and bank transfer costs.

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“Independent pharmacy owners see the power of blockchain,” says CEO Brian Norton. “They know how transformative this will be as it scales.”

The future of pharmacy payments starts here.

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

COMPANY NEWS
Amazon Takes On Walmart, DoorDash, Instacart With Same-Day Grocery Delivery

After surpassing Walmart in sales revenue in February, posting $187B in one quarter, the Mag 7 giant is now targeting same-day sales.

Walmart fell 2.5% Wednesday after its nemesis announced it would let shoppers in 1,000 cities across the U.S. order groceries for same-day delivery. The giant wants to expand that plan to 2,300 cities by the end of the year.

Where once customers bought cheap electronics with free shipping with Prime, members can now throw in milk and eggs. Amazon offers free delivery on orders of $25 or more, one of the lowest in the industry, according to reporting from Robinhood’s Sherwood media. 🥚 

Walmart recently said it aimed to bring same-day services to 95% of U.S. households by the end of its fiscal 2026, or January next year, according to the firm’s most recent report. Walmart’s online sales became profitable in its Q1 this year, and in Q4 made up 18% of all sales.

Amazon said in a release that it had slowly rolled out same-day service to cities across the U.S., in Phoenix, Orlando, and Kansas City.

“Many of these shoppers were first-time Amazon grocery customers who now return to shop twice as often with same-day delivery service compared to those who didn’t purchase fresh food,” the company said in a release.

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This is a hypothetical example and is not representative of any specific security. Actual results when working with a financial advisor will vary. *3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

POPS & DROPS
Top Tickers Today 🎞️ 

 $PSKY ( ▲ 35.87% ) Paramount Global surged after completing its merger with Skydance Media and securing a $7.7B UFC broadcasting deal. Meme-stock momentum and high short interest amplified gains.
 $WBTN ( ▲ 81.2% ) Webtoon soared after announcing a blockbuster Disney partnership, bringing Marvel and Star Wars titles to its platform. Q2 earnings also beat expectations with $348M revenue and $0.07 EPS.
 $SPNS ( ▲ 44.27% ) Sapiens jumped after a private equity firm, Advent, announced a $2.5B all-cash acquisition at a 64% premium. The company will go private by early 2026.
 $TLRY ( ▲ 31.51% ) Tilray rallied on optimism around U.S. marijuana reclassification, after the White House showed renewed interest. Despite losing money, its diversified portfolio in cannabis, beer, and hemp foods drew speculative interest.
 $CC ( ▲ 17.96% ) Chemours posted $1.6B in Q2 sales and $253M in adjusted EBITDA. A $875M environmental settlement and litigation charges led to a net loss, but investors welcomed the clarity.
 $CRWV ( ▼ 20.83% ) CoreWeave fell after reporting a $290.5M net loss despite beating revenue estimates. Bank of America downgraded the AI firm on valuation concerns, marking its steepest drop since its March IPO.
 $LEU ( ▼ 13.77% ) Centrus Energy dropped after announcing a $650M convertible notes offering. Despite strong Q2 results, dilution concerns weighed on the stock.
 $CAVA ( ▼ 16.63% ) Cava continued to sink after cutting full-year same-store sales guidance. Q2 comps missed, and macro headwinds plus tough YoY comparisons pressured sentiment.
 $CSCO ( ▼ 1.37% ) Cisco fell initially after reporting earnings that beat estimates after the bell on Wednesday. The network firm raised its full-year guidance to match estimates for the coming fourth quarter, citing strong AI-driven demand and robust product orders, but Wall Street wanted to see higher numbers.

HOT OFF THE PRESSES
Top Stocktwits News Stories 🗞️ 

Apple is developing a tabletop robot with a movable iPad-like screen and redesigned Siri, according to Bloomberg. The company aims for a 2027 launch as the centerpiece of its AI comeback strategy.

On Holding CEO Martin Hoffmann told Stocktwits the company is “in a very good position to digest” Trump-era tariffs, citing pre-imported inventory and a premium pricing strategy.

BMNR Chair Tom Lee said that his $7,500 Ethereum price target is conservative, citing BitMine’s aggressive ETH accumulation and bullish long-term outlook.

LEASH is being repositioned as a more stable, utility-driven token within the Shiba Inu ecosystem, aiming to shed its speculative meme coin image.

Trump’s Fed chair shortlist includes 11 contenders as the former president signals a potential shakeup at the central bank amid rising rate cut pressure and economic uncertainty.

OpenAI may outbid Perplexity’s $34.5B offer for Chrome if Google is forced to divest the browser, as analysts see it as a strategic asset for GenAI distribution.

Thursday PPI report is in focus as Wall Street awaits wholesale inflation data that could influence the Fed’s next rate decision amid mixed market signals.

Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️ 

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: Initial Jobless Claims (8:30 AM), PPI (8:30 AM), Fed’s Balance Sheet (4:30 PM). 📊

Pre-Market Earnings: JD.com ($JD), 22nd Century Group ($XXII), Canaan ($CAN), First Majestic Silver ($AG). 🛏️

After-Hour Earnings: Bionano Genomics ($BNGO), Cineverse ($CNVS), Co-Diagnostics ($CODX), Applied Mat ($AMAT), Comstock ($LODE).🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

Links That Don’t Suck 🌐

📺️ Bets on Outsize Fed Cut Gain Steam as CPI Data Backs Doves

⚠️ Social Security cost-of-living adjustment may be 2.7% in 2026, new estimates find

😨 Trump pick for BLS commissioner recently called for suspending monthly jobs report

👀 ‘Groundbreaking’: Las Vegas Sphere says it’s sold 120,000 tickets for ‘Wizard of Oz’ screenings

🏠️ Trump says search for Powell replacement 'down to 3 or 4' after reportedly widening to 11

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