Inflation and employment data continue to cooperate, supporting a rate cut and giving bulls the courage to continue buying. Technology was once again the bright spot, as Stocktwits sentiment for all the major indexes pushed into ‘bullish’ or ‘extremely bullish’ territory. 👀

Today's issue covers Adobe needing Photoshop after earnings, RH really surprising investors, Moderna missing expectations again, and a Bitcoin miner holding up surprisingly well. 📰

Here’s the S&P 500 heatmap. 11 of 11 sectors closed green, with communications (+1.87%) leading and real estate (+0.18%) lagging.

And here are the closing prices: 

Most bullish/bearish symbols on Stocktwits at the close: 📈 $JDZG, $MNTX, $RH, $MNPR, $GRRR 📉 $FTNT, $TIL, $DV, $ATGE, $SPCB*

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

Software giant Adobe posted $4.65 in adjusted earnings per share on revenues of $5.41 billion, topping estimates of $4.53 on revenues of $5.37 billion. Its largest business line, Digital Media, saw 11% YoY growth, with sales rising to $4 billion. 💵

Despite the positive results, the company’s fourth-quarter forecast was marginally below estimates, causing Wall Street to punish the stock.

Although Adobe could be a growth driver for the company, some analysts see it as a disruptor to its core business, especially after its failed acquisition of Figma. Still, others believe the company can use the tech to its own advantage in time to stave off competitors. 🤖

Shares fell 9% after the bell, though Stocktwits sentiment remains in ‘extremely bullish’ territory, suggesting some view this pullback as a longer-term buying opportunity.

On a related note, Oracle continued its recent run, rising another 7% to new all-time highs after raising its AI revenue guidance through fiscal 2029. 👏

While cryptocurrencies themselves remain choppy, some crypto-linked stocks continue to hold up better than others.

Stocktwits user @TRADING_TEMPLAR highlighted Core Scientific, a digital asset miner that continues to form a constructive base following its move higher in the early summer months. He’s keeping his positions on and potentially looking to add once prices break from this consolidation. 💸

If you like this chart and commentary, you’ll love our “Chart Art” newsletter. We’ll deliver you the best trade ideas and analysis from the Stocktwits community every evening by 8 pm ET.

And if you need another reason to join, you’ll receive a welcome email with a list of the top Stocktwits chartists to follow for real-time posts like this.

RH, formerly Restoration Hardware, has struggled with other housing-linked stocks dragged down by the lack of market activity. 📉

After selling off post-pandemic, the stock has been stuck in a range for the last 2.5 years. But today’s earnings report could be a catalyst to turn that around.

Its adjusted earnings per share of $1.69 topped the $1.56 expected by analysts, while revenues accelerated nearly 4% YoY to $829.70 million, topping Wall Street’s estimates of $824.50 million. 🔺

The company’s investments in new products and platform expansion have helped boost demand, with management expecting that to continue during the third quarter. It now expects YoY revenue growth of 7% to 9%.

Shares rose nearly 20% after the bell, moving from the bottom of their trading range to the top. Stocktwits community sentiment remains in ‘bearish’ territory, signaling continued skepticism about management’s ability to turn the ship around. 🤔

Momentum in vaccine maker Moderna remains firmly to the downside, with prices plunging back toward their 1-year lows on today’s news.

The company aims to cut its research and development budget by 20% over the next three years amid its continued struggle to achieve profitability. It’s discontinuing five programs in its pipeline and slowing some late-stage studies of certain treatments to achieve $1.10 billion in cost savings by 2027. 🔻

While not a ‘meme stock’ per se, it struggles with a lot of the same issues, primarily that investors have lost confidence in management’s ability to develop and execute a plan that will grow revenues. It bet big on vaccines and has been unable to diversify its revenue streams amid slowing demand.

Shares fell 12% on the day, though Stocktwits sentiment pushed into ‘extremely bullish’ territory, suggesting some investors still believe in management’s long-term potential. Meanwhile, bullish traders view this short-term move as overdone and are looking for a bounceback. 🤷

After the community's overwhelmingly positive response to Nvidia Day, we’re expanding our earnings call functionality and programming to include other live-streamed market events like the FOMC Press Conference. 🤩

With this week’s inflation data continuing its downward trend, the stage is set for the Federal Reserve to announce its first rate cut of the current cycle. And what better place to listen in and discuss the decision in real-time than on Stocktwits?

We’ll have more activities in the days leading up to the event, but for now, mark your calendar for 2:00 pm ET on Wednesday, September 18th! And follow @Stocktwits on the platform and our socials (X, Instagram, YouTube) so you don’t miss out on the pre-decision action. 🚨

Economic data: Import/Export Prices (8:30 am ET) and Michigan Consumer Sentiment Preliminary Reading (10:00 am ET). 📊

Pre-Market Earnings: Cheetah Mobile ($CMCM), SelectQuote ($SLQT), and NioCorp Developments ($NB). 🛏️

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. 👍

🤯 Nvidia stock rallies after CEO cites magnitude of chip demand

💰 Interest payments on the national debt top $1 trillion as deficit swells

🍟 McDonald’s extends $5 deal through December to keep customers coming

⏰ How JPMorgan, Bank of America want to limit long hours in investment banking

🛒 Aldi announces wage increases up to $23 an hour; hiring thousands of employees

🚫 Navient reaches $120 million settlement with CFPB for misleading student loan borrowers

🛡️ Mastercard bolsters threat intelligence capabilities with $2.65 billion deal for Recorded Future

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