NEWS
Bulls Win The August Battle

It was a long, hard-fought August, but the bulls came out on top again. Inflation’s continued progress and a slow market day allowed buyers to push prices back toward all-time highs to close out the month on a positive note. Let’s see what you missed. 👀

Today's issue covers Intel exploring a business shakeup, results from Goldman’s annual layoff process, and inflation’s continued downward progress. 📰

Here’s the S&P 500 heatmap. 11 of 11 sectors closed green, with consumer discretionary (+1.51%) leading and energy (+0.37%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $APTO, $FCUV, $CRVS, $BBIO, $ESTC 📉 $ALAB, $GPMT, $JPM, $AMIX, $SXTC*

*If you’re a business and want to access this data via our API, email us.

COMPANY NEWS
Potential Intel Breakup Causes Stock Shakeup 🫨

The old-school semiconductor giant has been stuck in a downtrend while the rest of the space parties on, making it the target of activist investors who want management to create shareholder value…and fast. 😡

As a result, management finally responded by working with Morgan Stanley and other bankers to present the board of directors with ‘strategic options.’

CEO Pat Gelsinger’s longer-term plans have failed to convince investors that the company won’t be left out of the artificial intelligence (AI) boom. Activists still believe in splitting the company up and spinning off its foundry business.

Today’s news caused a 9% pop in the stock, but Stocktwits community sentiment remains in ‘bearish’ territory, highlighting continued skepticism among retail investors and traders. 😬

STOCKTWITS “TRENDS WITH FRIENDS”
The $30 Trillion AI Opportunity 🤖