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.

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. 📈

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: 🤯

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. 🚨

We move from a current growth stock in Cava to a former one that’s looking to get back on track. Of course, we’re talking about Peloton, which soared today after posting its quarterly results.

The big news is the company has returned to YoY sales growth (+0.20%) for the first time in nine quarters, thanks partially to easier comps and secondary market gains buoying subscription revenue. 👍

Peloton delivered positive adjusted EBITDA and free cash flow for the second consecutive quarter, something it has not done since the pandemic's peak.

Stabilizing demand for its products, positive results from initiatives with better unit economics (like its bike rental program), and a lower-churn user base helped it finally show some sales growth.

On the costs side, debt restructuring efforts and a continued push toward operational efficiency have also helped improve margins. 🔺

Now that the company has reached profitability, management signaled that it will focus primarily on remaining profitable by betting on longer-term growth investment and will not drive subscriber growth this year. Its sales and marketing spending fell 19% YoY, which showed they’re serious about that commitment.

While the sales side of the equation is expected to remain challenged, investors were thrilled to see the company finally achieve a level of adjusted profitability and cash flow. 💵

Stocktwits community sentiment surged into ‘extremely bullish’ territory as prices rose 35% on the day, with many traders expecting the heavily shorted stock to build on this newfound momentum. 🐂

Several popular Chinese stocks reported results today, so let’s recap the biggest winners and losers.

We’ll start with electric vehicle (EV) maker EHang Holdings. The company’s shares jumped 16% after its revenues rose 920% to $14.04 million, driven by record eVTOL deliveries. During the quarter, 49 units of its EH216 series products were sold and delivered, the highest quarterly number ever. 🔋

The company also raised an additional $76.20 million during the quarter via an at-the-market equity offering. Investors were happy to hear management will not conduct further sales under this program for the rest of 2024.

Shares rose 16% today as it rebounds from its recent one-year lows. With Stocktwits sentiment pushing into ‘extremely bullish’ territory, the community is betting on further upside from this beaten-down name. 👍

Unfortunately, the other three names didn’t see the same positive treatment.

Search giant Baidu dropped 4% after reporting a revenue slowdown, even as management tried to reassure investors of its “AI” edge. 🔍

Social media giant Weibo dipped 3% despite posting an earnings beat, as investors focused primarily on its revenue miss and outlook. 🤳

And video-sharing platform Bilibili fell 7% despite total revenue rising 16% YoY and ad revenue surging 30% YoY. However, investors remain concerned about competition across its business lines. 💻

Economic data: Fed Chair Powell’s speech (10:00 am ET) and New Home Sales (10:00 am ET).

Pre-Market Earnings: Yunji ($YJ), 51 Talk Online Education ($COE), and So-Young International ($SY). 🛏️

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. 👍

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🍔 New Walmart+ perk: Free Whoppers and discounted Burger King

🚗 GM-owned Cruise will partner with Uber to offer driverless rides

🪙 Trump promotes family’s new crypto platform, ‘The Defiant Ones’

🚫 PwC expecting six-month China ban over Evergrande audit

😡 Skydance asks Paramount to stop negotiating with Bronfman, WSJ reports

💎 Biggest diamond in over a century is found in Botswana — a whopping 2,492 carats

🚂 Canadian freight trains to roll again as government forces arbitration of labor dispute

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