$TSLA - STIFEL CUTS TESLA PRICE TARGET, KEEPS BUY
Stifel lowered its Tesla price target to $491 from $508, while maintaining a Buy rating.
The firm cited weaker profitability after Q2, with gross margin falling to 16.8% and adjusted EBITDA missing expectations.
Despite this, Stifel remains bullish on FSD and Robotaxi, pointing to a growing order backlog and the Model YL launch as key long-term catalysts.
(@WalterBloomberg)
Stifel lowered its Tesla price target to $491 from $508, while maintaining a Buy rating.
The firm cited weaker profitability after Q2, with gross margin falling to 16.8% and adjusted EBITDA missing expectations.
Despite this, Stifel remains bullish on FSD and Robotaxi, pointing to a growing order backlog and the Model YL launch as key long-term catalysts.
(@WalterBloomberg)
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MARKET MOVERS
🟢 UPGRADES
$IR: Stifel upgraded to Buy; PT raised to $101 from $84
$PSN: Jefferies upgraded to Buy; PT cut to $52 from $60
$CRCL: TD Cowen initiated with Buy; PT $82
$RBLX: JP Morgan assumed coverage with Neutral; PT $40
🔴 DOWNGRADES
$LAUR: JP Morgan downgraded to Neutral
(@WalterBloomberg)
🟢 UPGRADES
$IR: Stifel upgraded to Buy; PT raised to $101 from $84
$PSN: Jefferies upgraded to Buy; PT cut to $52 from $60
$CRCL: TD Cowen initiated with Buy; PT $82
$RBLX: JP Morgan assumed coverage with Neutral; PT $40
🔴 DOWNGRADES
$LAUR: JP Morgan downgraded to Neutral
(@WalterBloomberg)
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FED’S WILLIAMS BACKS CURRENT POLICY STANCE
John Williams said Fed policy remains well positioned to return inflation to 2%.
He strongly supported the latest FOMC decision and said the Fed will act if inflation stalls.
Williams expects Middle East-driven price pressures to fade, stressed the Fed need not follow market pricing, and sees no financial-stability threat from AI investment.
(@WalterBloomberg)
John Williams said Fed policy remains well positioned to return inflation to 2%.
He strongly supported the latest FOMC decision and said the Fed will act if inflation stalls.
Williams expects Middle East-driven price pressures to fade, stressed the Fed need not follow market pricing, and sees no financial-stability threat from AI investment.
(@WalterBloomberg)
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$GME - GAMESTOP SHARES DOWN 3.1% PREMARKET AFTER CO ANNOUNCES PRIVATE EXCHANGE OF $1.4 BLN OF CONVERTIBLE NOTES FOR EQUITY
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GOLDMAN REFRESHES U.S. CONVICTION LIST
Goldman Sachs added Applied Materials ( $AMAT), Delta ( $DAL), Microsoft ( $MSFT), O'Reilly Automotive ( $ORLY), Viking Holdings ( $VIK) and UPS to its U.S. Conviction List.
The firm removed Broadcom ( $AVGO), Dick's Sporting Goods ( $DKS), Johnson & Johnson ( $JNJ) and ServiceNow ( $NOW).
(@WalterBloomberg)
Goldman Sachs added Applied Materials ( $AMAT), Delta ( $DAL), Microsoft ( $MSFT), O'Reilly Automotive ( $ORLY), Viking Holdings ( $VIK) and UPS to its U.S. Conviction List.
The firm removed Broadcom ( $AVGO), Dick's Sporting Goods ( $DKS), Johnson & Johnson ( $JNJ) and ServiceNow ( $NOW).
(@WalterBloomberg)
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IRAN DISMISSES TRUMP'S TALKS PUSH
Iran signaled no interest in resuming negotiations with the U.S., despite President Trump's comments about a possible agreement.
Tehran said its focus is a separate shipping arrangement with Oman, not reopening the Strait of Hormuz, and blamed Washington for violating June's memorandum, warning no meaningful change is likely while U.S. measures remain in place.
(@WalterBloomberg)
Iran signaled no interest in resuming negotiations with the U.S., despite President Trump's comments about a possible agreement.
Tehran said its focus is a separate shipping arrangement with Oman, not reopening the Strait of Hormuz, and blamed Washington for violating June's memorandum, warning no meaningful change is likely while U.S. measures remain in place.
(@WalterBloomberg)
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📅 THIS WEEK'S U.S. ECONOMIC CALENDAR (ET)
🟢 Monday
• 9:45 AM – S&P Global Manufacturing PMI
• 10:00 AM – ISM Manufacturing PMI (Est. 54.0), Construction Spending (Est. +0.3% m/m)
• 4:00 PM – Auto Sales
🔵 Tuesday
• 8:30 AM – Trade Balance (Est. -$73.0B)
• 10:00 AM – JOLTS Job Openings (Est. 7.5M), Factory Orders (Est. +0.3% m/m)
• 4:30 PM – API Crude Inventories
🟠 Wednesday
• 8:15 AM – ADP Employment (Est. +75K)
• 10:00 AM – ISM Services PMI (Est. 54.4)
• 10:30 AM – EIA Oil Inventories
• 4:05 PM – Fed's Lisa Cook Speaks
🟡 Thursday
• 8:30 AM – Initial Jobless Claims (Est. 200K), Productivity (Est. +0.7%), Unit Labor Costs (Est. +2.0%)
• 10:30 AM – Natural Gas Storage
🔴 Friday (KEY EVENT)
• 8:30 AM – 🇺🇸 U.S. Jobs Report
• NFP (Est. +85K)
• Unemployment Rate (Est. 4.3%)
• Avg. Hourly Earnings (Est. +0.3% m/m)
(@WalterBloomberg)
🟢 Monday
• 9:45 AM – S&P Global Manufacturing PMI
• 10:00 AM – ISM Manufacturing PMI (Est. 54.0), Construction Spending (Est. +0.3% m/m)
• 4:00 PM – Auto Sales
🔵 Tuesday
• 8:30 AM – Trade Balance (Est. -$73.0B)
• 10:00 AM – JOLTS Job Openings (Est. 7.5M), Factory Orders (Est. +0.3% m/m)
• 4:30 PM – API Crude Inventories
🟠 Wednesday
• 8:15 AM – ADP Employment (Est. +75K)
• 10:00 AM – ISM Services PMI (Est. 54.4)
• 10:30 AM – EIA Oil Inventories
• 4:05 PM – Fed's Lisa Cook Speaks
🟡 Thursday
• 8:30 AM – Initial Jobless Claims (Est. 200K), Productivity (Est. +0.7%), Unit Labor Costs (Est. +2.0%)
• 10:30 AM – Natural Gas Storage
🔴 Friday (KEY EVENT)
• 8:30 AM – 🇺🇸 U.S. Jobs Report
• NFP (Est. +85K)
• Unemployment Rate (Est. 4.3%)
• Avg. Hourly Earnings (Est. +0.3% m/m)
(@WalterBloomberg)
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GOLDMAN WARNS ON FED COMMUNICATION SHIFT
Goldman Sachs cautioned that reducing Fed policy guidance could increase market volatility and pricing errors.
The bank argued Chair Kevin Warsh's proposal to give markets less insight into the Fed's reaction function would not improve policymaker feedback, but could instead delay monetary policy transmission and create unnecessary volatility in financial markets.
(@WalterBloomberg)
Goldman Sachs cautioned that reducing Fed policy guidance could increase market volatility and pricing errors.
The bank argued Chair Kevin Warsh's proposal to give markets less insight into the Fed's reaction function would not improve policymaker feedback, but could instead delay monetary policy transmission and create unnecessary volatility in financial markets.
(@WalterBloomberg)
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$GME - GAMESTOP SHARES EXTEND LOSSES PREMARKET; LAST DOWN 10.5%
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FIFA PRESIDENT GIANNI INFANTINO WANTS TRUMP ADMINISTRATION TO HELP KEEP HIM IN OFFICE & SCHEDULED PRIVATE TALKS WITH SECRETARY OF STATE RUBIO - NY POST
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U.S. TIGHTENS ROBOT IMPORT RULES
The FCC will restrict imports of certain foreign-made advanced robots, including humanoids, quadrupeds and some autonomous devices.
Morgan Stanley expects limited near-term impact on Chinese humanoid robot makers, as existing FCC-approved products remain exempt and U.S. sales are minimal. However, new product restrictions could weigh on Chinese robot vacuum and autonomous mobile robot makers with larger U.S. exposure.
(@WalterBloomberg)
The FCC will restrict imports of certain foreign-made advanced robots, including humanoids, quadrupeds and some autonomous devices.
Morgan Stanley expects limited near-term impact on Chinese humanoid robot makers, as existing FCC-approved products remain exempt and U.S. sales are minimal. However, new product restrictions could weigh on Chinese robot vacuum and autonomous mobile robot makers with larger U.S. exposure.
(@WalterBloomberg)
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U.S.-JAPAN YEN INTERVENTION TARGETS MARKET STABILITY
The U.S. joined Japan's first coordinated yen-buying intervention since 1998, aiming to stabilize the yen and reduce the risk of Japan selling U.S. Treasuries to fund currency support.
Analysts say the move also supports global bond markets, though lasting yen strength will likely require tighter Bank of Japan policy rather than repeated intervention.
(@WalterBloomberg)
The U.S. joined Japan's first coordinated yen-buying intervention since 1998, aiming to stabilize the yen and reduce the risk of Japan selling U.S. Treasuries to fund currency support.
Analysts say the move also supports global bond markets, though lasting yen strength will likely require tighter Bank of Japan policy rather than repeated intervention.
(@WalterBloomberg)
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$TSLA - TESLA EUROPE SALES SHOW MIXED JULY TREND
Tesla's July registrations surged 86% in France and 52% in Denmark, but plunged 97% in Norway, 81% in Spain, and 60% in Sweden.
The mixed results follow Tesla's record Q2 deliveries, with investors now awaiting registration data from Germany and the UK later this week.
(@WalterBloomberg)
Tesla's July registrations surged 86% in France and 52% in Denmark, but plunged 97% in Norway, 81% in Spain, and 60% in Sweden.
The mixed results follow Tesla's record Q2 deliveries, with investors now awaiting registration data from Germany and the UK later this week.
(@WalterBloomberg)
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$MSTR - STRATEGY: STRATEGY SOLD 1,637 BTC REDUCING HOLDINGS TO 842,138 BTC
(@WalterBloomberg)
(@WalterBloomberg)
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DEUTSCHE BANK RAISES S&P 500 EPS FORECASTS
Deutsche Bank lifted its 2026 S&P 500 EPS forecast to $358 (from $342) and 2027 to $420 (from $390) after strong Q2 earnings.
A record 87% of companies have beaten estimates, with profits on track to grow 33% in Q2. The bank said earnings strength is broadening beyond Big Tech, supported by record margins and robust sales growth.
(@WalterBloomberg)
Deutsche Bank lifted its 2026 S&P 500 EPS forecast to $358 (from $342) and 2027 to $420 (from $390) after strong Q2 earnings.
A record 87% of companies have beaten estimates, with profits on track to grow 33% in Q2. The bank said earnings strength is broadening beyond Big Tech, supported by record margins and robust sales growth.
(@WalterBloomberg)
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MORGAN STANLEY SEES CLOUD SPENDING SURGING TO $1.2T
Morgan Stanley expects global cloud capital spending to reach $1.2 trillion in 2027, up 30% YoY and $170 billion above pre-Q2 estimates.
The firm said all four major U.S. hyperscalers remain capacity constrained as AI demand continues to outpace supply. Alphabet ($GOOGL), Amazon ($AMZN) and Meta ($META) all raised 2026 capex guidance, while Microsoft ($MSFT) maintained its spending outlook.
Morgan Stanley believes consensus is still too conservative, forecasting cloud capex could reach $1.4 trillion, driven by strong AI adoption, rising cloud demand, multi-year customer commitments and improving returns on infrastructure investment.
(@WalterBloomberg)
Morgan Stanley expects global cloud capital spending to reach $1.2 trillion in 2027, up 30% YoY and $170 billion above pre-Q2 estimates.
The firm said all four major U.S. hyperscalers remain capacity constrained as AI demand continues to outpace supply. Alphabet ($GOOGL), Amazon ($AMZN) and Meta ($META) all raised 2026 capex guidance, while Microsoft ($MSFT) maintained its spending outlook.
Morgan Stanley believes consensus is still too conservative, forecasting cloud capex could reach $1.4 trillion, driven by strong AI adoption, rising cloud demand, multi-year customer commitments and improving returns on infrastructure investment.
(@WalterBloomberg)
$MSTR - STRATEGY SELLS 1,638 BITCOIN, BOOSTS CASH RESERVE
Strategy raised $290.6M by selling 3.01M shares through its ATM program.
The company allocated $250M to its USD Reserve, $28.9M to STRC share repurchases and $11.7M to cash.
Strategy also sold 1,638 Bitcoin at an average price of $63,957, raising $104.7M to fund preferred dividends and additional STRC buybacks.
As of Aug. 2, the company held 842,138 Bitcoin worth $63.5B at an average cost of $75,419 per coin.
(@WalterBloomberg)
Strategy raised $290.6M by selling 3.01M shares through its ATM program.
The company allocated $250M to its USD Reserve, $28.9M to STRC share repurchases and $11.7M to cash.
Strategy also sold 1,638 Bitcoin at an average price of $63,957, raising $104.7M to fund preferred dividends and additional STRC buybacks.
As of Aug. 2, the company held 842,138 Bitcoin worth $63.5B at an average cost of $75,419 per coin.
(@WalterBloomberg)
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UBS: FOOD INFLATION TO STAY HIGHER FOR LONGER
UBS expects food inflation to remain elevated, driven by climate-related supply shocks, rising labor costs, stricter livestock standards and strong demand.
While advances in agricultural technology may improve efficiency, the bank says they are unlikely to significantly lower food prices.
UBS believes persistent food inflation could benefit supermarkets, but may reduce consumer spending on restaurants and other discretionary goods.
(@WalterBloomberg)
UBS expects food inflation to remain elevated, driven by climate-related supply shocks, rising labor costs, stricter livestock standards and strong demand.
While advances in agricultural technology may improve efficiency, the bank says they are unlikely to significantly lower food prices.
UBS believes persistent food inflation could benefit supermarkets, but may reduce consumer spending on restaurants and other discretionary goods.
(@WalterBloomberg)
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DEUTSCHE BANK SEES GOLD FAIR VALUE AT $4,700
Deutsche Bank says gold remains in an "explosive phase" that began in August 2024, with its models pointing to a year-end fair value of around $4,700/oz, above its $4,600 Q4 forecast.
While some valuation models imply downside toward $2,600, the bank believes the correction has likely bottomed near $3,900, with official demand and supportive macro factors keeping the long-term outlook bullish.
(@WalterBloomberg)
Deutsche Bank says gold remains in an "explosive phase" that began in August 2024, with its models pointing to a year-end fair value of around $4,700/oz, above its $4,600 Q4 forecast.
While some valuation models imply downside toward $2,600, the bank believes the correction has likely bottomed near $3,900, with official demand and supportive macro factors keeping the long-term outlook bullish.
(@WalterBloomberg)
IRAN REJECTS U.S. HORMUZ PROPOSAL
According to Al Mayadeen, citing an Iranian source, Tehran rejected the latest U.S. proposal, insisting the Strait of Hormuz will not fully reopen until the war ends.
The source also claimed Washington made a concession regarding the closure of the southern shipping route in the strait. These claims have not been independently verified.
(@WalterBloomberg)
According to Al Mayadeen, citing an Iranian source, Tehran rejected the latest U.S. proposal, insisting the Strait of Hormuz will not fully reopen until the war ends.
The source also claimed Washington made a concession regarding the closure of the southern shipping route in the strait. These claims have not been independently verified.
(@WalterBloomberg)
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$AMZN AMAZON HITS $3 TRILLION IN MARKET VALUE FOR THE FIRST TIME
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