Nvidia continued its run today, but it was not enough to offset the broader weakness caused by lackluster economic data. Big banks kick off a new earnings season tomorrow morning, with individual company results adding more uncertainty to the already messy macro picture. 👀

Today's issue covers the impact of today’s economic data on the market, $AEHR’s soaring earnings, and a rundown of several popular stocks. 📰

P.S. We apologize for today’s newsletter's wonky formatting. We encountered an issue with the spacing between lines right before sending it and were unable to troubleshoot it in time. Thank you for your understanding.

Here’s the S&P 500 heatmap. 2 of 11 sectors closed green, with energy (+0.68%) leading and real estate (-0.83%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $JTAI, $FSLR, $NET, $SYM, $TVGN 📉 $TD, $EPIX, $SNAX, $DAL, $BNGO*

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

Stock market investors and traders were betting on inflation continuing to cool today, but instead, they got a hotter-than-expected print.

The consumer price index (CPI) rose 0.2% MoM and 2.4% YoY, slightly more than the 2.3% increase anticipated by analysts. Stickiness in shelter prices drove the move, which remains the key driver of services inflation. 📊

Meanwhile, eggflation is back in action, with prices rising 0.8% MoM and 8.4% YoY as the lingering bird flu weighs on the supply chain. Although that factor didn’t help the hot print, it mostly makes for a funny headline…lol 🐣

In the labor market, U.S. initial jobless claims rose to 258,000, their highest level in a year, which could suggest companies are beginning to lay off or fire workers at a faster pace than they had been. Granted, this weekly dataset is volatile, so we’ll have to wait for a few more data points to confirm the trend.

With that said, inflation surprising to the upside and employment surprising to the downside is not what the market wanted to see. That’s why we saw stocks sell off today while gold and precious metals caught a bid.

Overall, this was not a major shift, but it did raise caution flags for investors who have been betting big on the party continuing into year-end. ⚠️

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The small-cap semiconductor tester tied to the electric vehicle (EV) industry reported better-than-expected first-quarter results.

Its adjusted earnings per share of $0.07 topped the $0.02 expected, while revenues of $13.12 million exceeded the $12.17 million consensus view. Bookings were $16.8 million, alongside a backlog of $16.6 million as of August 30th. Additionally, the company had $40.8 million in cash remaining. 💸

Management expects material bookings and revenue contributions from several other markets this fiscal year as it executes a strategy to expand the test and burn-in products in other fast-growing markets.

The stock soared 11% on the news, with Stocktwits sentiment ending the day in ‘bullish’ territory, suggesting the community is looking for more upside ahead. 🐂

Several popular stocks were on the move today, so let’s quickly recap. 👇

First off, Cloudflare ($NET) jumped 9% after announcing that a ServiceNow executive is joining as its new product head. The stock broke through technical resistance and the Stocktwits community is looking for further upside, with sentiment in ‘extremely bullish’ territory. 🔥

There was not much news about small-cap insurer Root Inc., but it popped 17% as Stocktwits sentiment pushed into ‘extremely bullish’ territory. Some users pointed to rising auto insurance rates as a catalyst for the industry. 🚗

Energy drink maker Celsius soared for a second straight day after traders spotted unusually bullish options activity as the stock held support. Stocktwits sentiment remains in ‘extremely bullish’ territory as traders look for the rebound to continue. ⚡

The solar industry slid after Jeffries lowered its price target for leader First Solar despite keeping a ‘buy’ rating on the stock. The move weighed on the entire sector, with First Solar, SolarEdge, and Maxeon Solar leading to the downside. 🔻

And the AMD artificial intelligence (AI) event turned into a “sell the news” event, even as it unveiled a new AI chip to rival Nvidia’s Blackwell. Still, Stocktwits user sentiment remains in ‘bullish’ territory, suggesting retail is looking to buy the dip. 🤷

Economic data: Producer Price Index (8:30 am ET), Fed Goolsbee Speech (9:45 am ET), Michigan Consumer Sentiment (10:00 am ET), WASDE Report (12:00 pm ET), and Fed Bowman Speech (1:10 pm ET). 📊

Pre-Market Earnings: JPMorgan Chase ($JPM), Wells Fargo ($WFC), BlackRock ($BLK), Fastenal ($FAST), Bank of New York Mellon ($BK), and Bank7 ($BSVN). 🛏️

After-Hour Earnings: None — enjoy your weekend. 🎧

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. 👍

🤩 Chart Art: The best trade ideas and analysis from the Stocktwits community

📡 DirecTV to launch free, ad-supported streaming service next month

💾 Marriott agrees to pay $52 million settlement after multiple data breaches

🤖 Microsoft announces new AI tools to help ease workload for doctors and nurses

🥩 Company recalls nearly 10 million pounds of meat and poultry dishes for listeria contamination

🌎 United Airlines is launching new international flights. Here are the cities you'll be able to visit.

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