NEWS
Markets Unwaveringly Await Wednesday

It was mixed Monday in the markets as investors await Nvidias’s highly-anticipated earnings. Notably, Stocktwits sentiment for the major indexes remains ‘neutral’ to ‘bearish,’ reflecting an overall cautious tone as we look to close out the summer trading season. Let’s see what you missed. 👀

Today's issue covers Pinduoduo’s growth issues dragging Chinese stocks down, solar stocks having a mixed outing, and marijuana stocks going up in smoke after another legislative delay. 📰

Here’s the S&P 500 heatmap. 6 of 11 sectors closed green, with energy (+0.90%) leading and technology (-1.25%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $TUYA, $NSSC, $GRRR, $TMUS, $CADL 📉 $TCOM, $BNAI, $IEP, $CAVA, $HEI*

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

STOCKS
Chinese Stocks Tumble Over Growth Issues 📉

Temu parent PDD Holdings signaled to investors it may be in short-term trouble after missing revenue expectations. ⚠️

Revenues of $13.64 billion missed expectations of $14.10 billion, even as adjusted earnings rose 122% YoY to beat analyst estimates.

"Looking ahead, revenue growth will inevitably face pressure due to intensified competition and external challenges," PDD Vice President of Finance Jun Liu said in a news release. "Profitability will also likely to be impacted as we continue to invest resolutely." 📊

The message is clear: the company may need to trade earnings growth to continue improving and growing its products. Innovation is key as it faces growing competition from domestic companies like Alibaba and JD.com, as well as international ones like Amazon.

Today’s news sent $PDD shares tumbling 29% and took many Chinese stocks and ETFs with it. Stocktwits sentiment also pushed further into negative territory, ending the day ‘extremely bearish.’ 🔻

Additionally, here is some other noteworthy China news from the day:

• Canada imposed a 100% tariff on imports of Chinese-made EVs

• IBM shuttered its China R&D team, impacting about 1,000 staff

• Beijing’s robot conference showed stiff humanoid competition

NVIDIA DAY COUNTDOWN
Your Chance To Win Exclusive Nvidia Merch 🤩

Think you know Nvidia stock better than the 530,000 other people following it on Stocktwits? Now’s the perfect chance to flex your muscles. 💪

Use our “Price Prediction” tool to forecast its Wednesday closing price. The first person to predict it correctly will win exclusive, limited-edition $NVDA merch worth $125. And bragging rights, of course. 😉

And be sure to follow @Stocktwits on the platform and our socials (X, Instagram, YouTube) so you don’t miss out on all the Nvidia action before they report Wednesday after the bell. 🚨