NEWS
Jerome Powell Holds The Power

Yesterday’s winners were today’s losers, with bonds, gold, and big tech facing selling pressure as the U.S. Dollar and oil caught a bid. All eyes turn to Fed Chairman Jerome Powell’s speech tomorrow at Jackson Hole, where investors hope to get more clarity about the central bank’s next move. Let’s see what you missed. 👀

Today's issue covers Cava’s continued growth, Peloton’s best day ever, and which Chinese stock stood out after earnings. 📰

Here’s the S&P 500 heatmap. 4 of 11 sectors closed green, with real estate (+0.61%) leading and technology (-2.30%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $ROST, $INTU, $MNTS, $STAF, $PTON 📉 $NUVO, $BJ, $WSM, $JKS, $WDAY*

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

EARNINGS
Cava Investors Continue To Have A Bowl 🥳

The Mediterranean restaurant chain has been a hot topic among the Stocktwits community, with traders and investors riding the recent wave of momentum even as some of its peers struggle with traction. 🥗

The company’s adjusted earnings per share of $0.17 and revenues of $233 million topped the expected $0.13 and $220 million. Net sales were up 35% YoY, with same-store sales growth of 14.4%, nearly doubling Wall Street’s 7.90% estimate.

Management expects the momentum to continue, raising its same-store sales growth to 8.50%-9.50% from its previous range of 4.50%-6.50%. It’ll also open a few more stores than anticipated, and report adjusted EBITDA about 10% higher than its previous projection. 🔮

Overall, growth is hard to come by in the restaurant space these days, so investors are willing to pay up for exposure to Cava. Still, some investors feel the valuation is a bit high for “a bowl of bland food,” keeping Stocktwits sentiment stuck in ‘neutral’ to ‘bearish’ territory for the last few days.

For now, bullish investors and traders remain in control, with shares rising 9% to a new all-time high after hours. 📈

NVIDIA DAY COUNTDOWN
The One Earnings Event To Rule Them All 👑

Music lovers have Taylor Swift, and we have Jensen Huang.

The good news is that you don’t need to pay thousands of dollars or fly halfway across the world to hear him live. Instead…you can join us on Stocktwits for the earnings event of the summer. 🤩

Nvidia will report its second-quarter results after the bell next Wednesday, and the world will be watching. So we’re rolling out the red carpet of coverage ahead of the event, with everything from a price prediction contest to exclusive expert interviews.

It’ll all lead up to listening to the earnings call live on Stocktwits, where our community will react to the results in real-time. 🎧

And if you need a reminder about why Nvidia deserves a day of its own, here are a few crazy stats: 🤯

• It’s the second largest weighting in the S&P 500 at 6.70% and has contributed nearly 5% to the index’s performance in 2024

• It kicked off the “artificial intelligence” buzz in 2023 and has been the industry's poster child since then

• It’s widely owned by retail investors and has been the most active single-stock symbol on Stocktwits for all of 2024

We’ll share more wild stats and perspectives in the days leading up to next week’s event. But in the meantime, be sure to follow @Stocktwits on the platform and our socials (X, Instagram, YouTube) so you don’t miss out on the action. 🚨