It was a sweaty month of August, but bulls managed to close out the month's final week in positive territory…just in time for the three-day weekend. 🏖️

Let's recap and prep you for the week ahead. 📝

What Happened?

🔻 On Monday, big tech pulled back as the market awaited Nvidia’s earnings on Wednesday. Chinese stocks tumbled after PDD Holdings signaled some short-term trouble. Solar stocks showed a mixed outing. And marijuana stocks got smoked again.

😰 On Tuesday, stocks had another mixed showing as everyone prepared for Nvidia’s results. We outlined the social, fundamental, and technical aspects the market was watching ahead of the tech giant’s earnings.

😐 On Wednesday, Nvidia day ended in the red despite the company posting its seventh straight “triple beat,” which means it topped earnings and revenue expectations and raised guidance. Berkshire Hathaway became the first non-tech U.S. company to reach a $1 trillion valuation. Abercrombie & Fitch tumbled after its CEO warned of an “increasingly uncertain environment.”

🙃 On Thursday, the market essentially flipped Wednesday on its head, with Nvidia falling and the rest of the market rising. Dollar General shared some ‘damning’ commentary about the lower-income consumer, OpenAI looked to raise money at more than a $100 billion valuation, and GameStop gained momentum after announcing a retro gaming initiative.

🥲 On Friday, bulls closed out the volatile week (and month) in the green. A Potential Intel breakup caused the stock to rally, Goldman cut 3-4% of its workforce, and downward progress in core PCE continued.

🤩 This week's Stocktwits Top 25 showed outperformance vs. the indexes.

Here are the closing prices: 

🥎 Private equity has a new target…youth sports. With money flowing by the billions into pro and college sports, it’s also coming for kids’ sports. U.S. families spend more than $30 billion annually on youth sports, which operate year-round. Private equity firms are getting into the game, buying exposure into everything from the sports teams to the various businesses supporting the industry, ranging from facilities to coaches to media and merchandise. Axios has more.

🏭 China’s factory data raises pressure for consumer stimulus. The country’s manufacturing activity fell to a six-month low, with prices and new orders tumbling. This is the sixth straight decline and the fourth month below the 50 mark, which separates growth from contraction. Now, policymakers are looking to renew momentum in the world’s second-largest economy by targeting stimulus at households rather than infrastructure projects as it had in the past. The country may bring part of next year’s bond issuance quota into October to try to salvage this year’s growth measures. More from Reuters.

📈 Bluesky gains momentum after Brazil bans X. Brazil’s court decision to ban X is benefitting its rivals big time, especially BlueSky. The microblogging platform said on Friday that it is seeing “all-time highs for activity,” with 500,000 new users joining in the previous two days. The growth is major for the platform, which only fully opened to the public in February. TechCrunch has more.

We launched “Chart Art” to curate the best analysis and trade ideas from the Stocktwits community. And so far, thousands of readers have enjoyed discovering new ideas and Stocktwits users to follow each day.

Like this idea shared by Stocktwits user @HostileCharts and featured in Chart Art ahead of the grocer’s nearly 60% rally since late April!

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Need a concise summary of what's going on this week? Look no further. Here’s a rundown of this week’s earnings and economic data.

It’s a busy week of economic data, with investors focused on U.S. employment data coming out Wednesday through Friday. In addition to the above, check out this week's complete list of economic releases.

Earnings season is slowing to a crawl, with 84 stocks reporting this week. Some tickers you may recognize are $$AI, $NIO, $CHPT, $HPE, $GTLB, $AVGO, $DOCU, $DKS, $DLTR, and more.

Above is a quick summary. Check out the full Stocktwits earnings calendar for the other names reporting this week.

🪧 10,000 US hotel workers strike as contract talks break down

❌ These 10 restaurant chains filed for bankruptcy this year

🥗 More people than ever are eating alone at restaurants. This is why

🤖 Tesla’s Oct 10 Robotaxi event will be at Warner Bros studio in LA

🤑 TikTokers tried to exploit a Chase bank ‘glitch’ — and learned it came at a huge cost

✈️ Over 17 million airline passengers head out for the busiest Labor Day weekend ever

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