The Market Split Down the Middle

 

The market split in two Tuesday as falling oil and defensive strength lifted most stocks while a semiconductor rout dragged the Nasdaq lower.  Seven sectors finished green, but the headline calm hid a violent rotation. Health care and consumer staples carried the Dow while Micron, AMD, SanDisk, and Corning were punished ahead of Wednesday’s Fed decision and mega-cap earnings.  Stocks traders chased the wreckage instead of hiding from it. Bloom Energy and Capricor drew rebound buyers, SanDisk bulls disputed the China-memory scare, and Microsoft’s room stayed divided before earnings. Bloom rewarded the dip buyers after hours with its first billion-dollar quarter.  Today's Briefing: Powered by Stocktwits Community API. After the Bell: Bloom and Ford raised their outlooks, Tilray topped estimates, Visa slipped despite beating, and SK hynix prepared to test the HBM hype.  Stocks: Boeing, PayPal, and Royal Caribbean rallied behind stronger cash flow, guidance, and demand.  What's Trending Now on Stocktwits  Is the semiconductor rout a warning before mega-cap earnings, or a healthy reset?

AFTER THE BELL Bloom Powers Past Estimates  Bloom Energy, which supplies onsite fuel-cell power systems to data centers and industrial customers, erased most of an 11% regular-session plunge Tuesday after quarterly revenue crossed $1B for the first time. Shares jumped roughly 9% after hours as AI infrastructure demand delivered a much larger quarter than Wall Street expected.  The RIP: $BE +9% AH. Adjusted EPS reached $0.78 vs. $0.41 expected, while revenue hit $1.065B vs. $827M expected, up 166% year-over-year. Adjusted gross margin expanded to 34.3%, and operating cash flow reached $226.4M.  Product revenue more than tripled to $935.4M, while Bloom raised full-year revenue guidance to $3.9B-$4.2B, implying roughly 100% growth at the midpoint. Management said every major U.S. hyperscaler has approved its systems for AI facilities, turning the data-center power shortage into reported revenue rather than another investor-deck promise.  Bloom now has to scale production fast enough to deliver the higher outlook without surrendering its roughly 34% adjusted margin. That execution test matters after a stock run that has made every quarter carry considerably more voltage.  The Community Read: 77% of $BE is chasing the blowout, see what matters next -> Here are some other big names that reported tonight: Ford Lifts The Ceiling  Ford posted stronger underlying Q2 profit Tuesday and raised its 2026 outlook, sending shares higher after the bell despite a $1.3B net loss tied largely to its BlueOval SK exit.  The RIP: $F +7% AH. Adjusted EPS reached $0.42 vs. $0.36 expected on $48.3B revenue. Adjusted EBIT rose to $2.5B, and Ford lifted full-year adjusted EBIT guidance to $10B-$11B from $8.5B-$10.5B.  Tilray Finds A Buzz Tilray, the cannabis and beverage operator behind BrewDog, closed fiscal 2026 Tuesday with record revenue and wider quarterly margins, nudging shares higher despite another GAAP loss.  The RIP: $TLRY +1% AH. Adjusted EPS hit $0.05 vs. a $0.01 loss expected, while revenue reached $281.7M vs. $246.4M expected. Gross margin rose to 32%, and fiscal 2027 adjusted EBITDA guidance landed at $68M-$75M.  Visa Beats, Still Slips  Visa topped fiscal Q3 estimates Tuesday, but accelerating costs and plans to eliminate roughly 2,600 jobs overshadowed resilient payment activity and pushed shares lower after hours.  The RIP: $V -2% AH. Adjusted EPS reached $3.32 vs. $3.22 expected on $11.63B revenue vs. $11.38B expected. Payments volume and processed transactions rose 10%, while operating expenses jumped 19%.  Will HBM Meet the Hype  SK hynix, the Korean memory-chip maker and Nvidia’s leading high-bandwidth memory supplier, reports second-quarter results at 8 p.m. ET Tuesdayafter its newly listed U.S. shares suffered a three-day, 23% slide.  The RIP: $SKHY fell -9% to $130.17 Tuesday. Korean brokerage consensus calls for approximately ₩84.1T in revenue and ₩64.1T in operating profit, implying an operating margin near 76%. Shares finished 33% below their July 14 high.  HBM4 production, 2027 supply contracts, and DRAM and NAND pricing will determine whether the selloff was de-risking or a warning that record profits were fully priced. The numbers are expected to be historic, so investors need evidence that Nvidia demand and memory margins can stay historic too.  The Community Read: The $SKHY room is 59% bear before earnings, track the reaction ->

STOCKS The Morning Earnings Split  Boeing, PayPal, Coca-Cola, and Royal Caribbean rallied after delivering enough forward momentum to outweigh imperfect quarters. SNDL was the exception, with shrinking sales and margins sending shares to a new 52-week low.  Coke Adds More Fizz Coca-Cola beat expectations, expanded margins, and raised its full-year outlook as stronger global volumes joined pricing to drive growth.  The RIP: $KO popped +5%. Comparable EPS of $0.97 topped the $0.93 estimate, while revenue rose 7% to $13.37B versus $13.16B expected. Organic revenue grew 6%, unit volumes increased 5%, and comparable operating margin reached 35.6%.  Boeing’s Cash Starts Flying Boeing’s quarterly loss exceeded expectations, but higher aircraft deliveries produced positive cash flow and pushed the aerospace giant further into its operational recovery. The earnings miss mattered less than Boeing generating cash while increasing 737 production toward 47 jets per month. Commercial-airplane margins remained negative at 2.7%, and another $280M Air Force One charge helped  The RIP: $BA surged +4.7%. Its $0.76 adjusted lossmissed the roughly $0.30 expected loss, while revenue rose 8% to $24.56B. Boeing delivered 171 aircraft, generated $631M in free cash flow, and grew backlog to $715B.  The Community Read: The $BA room is 67% bull on the cash turnaround, follow the recovery -> PayPal Finds Its Pulse PayPal’s digital-payments turnaround produced a clean beat and higher full-year guidance, helping investors overlook another quarter of contracting operating margins. Branded checkout stabilized, Venmo and Braintree added momentum, and management raised adjusted EPS guidance to roughly $5.38.  The RIP: $PYPL climbed +4%. Adjusted EPS of $1.38beat the $1.28 estimate, while revenue rose 5% to $8.68B versus $8.47B expected. Payment volume grew 10% to $486.4B, and free cash flow reached $1.78B.  Royal Caribbean Keeps Cruising Royal Caribbean raised its annual outlook after close-in bookings and lower costs helped the cruise operator beat its own second-quarter expectations.  The RIP: $RCL ripped +5.7%. Adjusted EPS reached $4.21 on $4.83B in revenue. Sales grew 6%, net yields increased 1.9%, load factor reached 110%, and adjusted EBITDA totaled $1.8B.  The Community Read: The $RCL room is 77% bull on raised guidance, follow the bookings ->

POPS AND DROPS STOCKTWITS TRENDING NOW $GLW -12% | Corning 15.2K WATCHERS · 71% BULLISH · LOW ACTIVITY Corning beat second-quarter expectations, but its $4.9B to $5B third-quarter sales forecast landed slightly below consensus and punished a stock priced for flawless AI growth. The bullish room treated the plunge as an entry into optical-fiber demand, while the market focused on how little disappointment the valuation could tolerate.  $SNDK -14% | SanDisk 29.5K WATCHERS · 66% BULLISH · NORMAL ACTIVITY SanDisk extended its drop as ChangXin Memory Technologies’ Shanghai IPO revived fears that Chinese capacity could pressure memory pricing and margins. Bulls argued that CXMT primarily makes DRAM, not SanDisk’s NAND products, but the selloff showed how quickly a crowded AI-storage winner can become a leveraged exit line.  $REPL -38% | Replimune 4.4K WATCHERS · 92% BULLISH · HIGH ACTIVITY Replimune cratered after FDA reviewers raised fresh efficacy concerns about RP1 plus nivolumab for advanced melanoma ahead of Thursday’s advisory meeting. The 92% bullish room still backed another regulatory comeback, but two prior rejection letters left investors confronting a simpler question: whether the existing clinical package can ever satisfy the agency.

WHAT’S ON DECK Tomorrow’s Top Things  Macro: Federal Open Market Committee (FOMC) policy statement (2:00 PM ET).  Pre-Market Earnings: $SOFI SoFi Technologies Inc, $AMRN Amarin Corp - ADR, $LMND Lemonade Inc, $PG Procter & Gamble Co., $BIIB Biogen Inc, +30 more.  After-Market Earnings: $META Meta Platforms Inc - Ordinary Shares - Class A, $MSFT Microsoft Corporation, $SBUX Starbucks Corp., $HOOD Robinhood Markets Inc - Ordinary Shares - Class A, $QCOM Qualcomm, Inc., +58 more.  Let’s break down what the market expects from some of Stocktwits favorite names:  Meta: Ads Meet the AI Bill Meta heads into Wednesday’s report with advertising growth doing the heavy lifting and investors increasingly focused on what that growth costs. Revenue near the top of Meta’s range would confirm that AI-powered ad tools are improving monetization. The harder sell is another spending increase.  The RIP: Wall Street expects $7.13 EPS on $60.17Bin revenue, while management guided for $58B to $61B and projected $125B to $145B in 2026 capital spending.  The Community Read: The $META room is 67% bear before earnings, track the reaction -> Microsoft: Azure Has to Pay Up Microsoft reports fiscal fourth-quarter results with Azure still growing rapidly, but shareholders want proof that record AI infrastructure spending is producing more than an impressive electric bill. Strong cloud demand can defend the spending ramp, but slowing growth or another capex surge would deepen concerns that Microsoft is adding capacity faster than customers can absorb it.  The RIP: $MSFT climbed about +1% Tuesday. Wall Street expects $4.24 EPS on $87.67B in revenue, while Microsoft forecast Azure growth of 39% to 40% in constant currency. The Community Read: The $MSFT room is split 49/51 before earnings, read the room -> Robinhood: Retail’s Stress Test Robinhood, the retail brokerage behind stocks, options, crypto, and prediction markets, reports after a sharp two-week selloff stripped nearly 20% from its shares.  The RIP: $HOOD fell about -3% Tuesday. Consensus calls for $0.41 EPS on roughly $1.22B in revenue, up about 24% year-over-year, following first-quarter revenue of $1.07B. The Community Read: Retail is 68% bear on $HOOD before earnings, follow the fallout -> Qualcomm: Beyond the Smartphone Qualcomm, the chip and wireless-licensing giant, reports with investors waiting for automotive and connected-device growth to offset pressure from the smartphone cycle. Handset revenue remains the earnings engine, but memory constraints and cautious phone inventories could weaken the outlook.  The RIP: $QCOM dropped about -4% Tuesday. Wall Street expects $2.23 adjusted EPS on $9.68B in revenue, near the midpoint of management’s $9.2B to $10B guidance. The Community Read: The $QCOM room is 68% bull before earnings, test the thesis -