| | | | Good evening, and happy Tuesday. The market closed mixed. Energy was the top climbing sector, because damn if you don’t know it at this point but the U.S. is still at war with Iran, and Tehran said negotiations are not going well. | In macro, the market is looking ahead to the CPI report Wednesday morning, and economists expect the numbers to show prices grew about 0.2% in July, at 3.4% annually. Boring inflation numbers would really help the Fed choose to do nothing later this month during their rate decision meeting. Compared to raising rates, that’s a good thing, most would argue. | Stocks traders ignored the megacap weakness and crowded into CoreWeave and Supermicro after earnings. U.S. Antimony ran the loudest stream despite its 15% drop, leaving retail focused on volatile single-stock stories instead of the broader market. | Today's Briefing: Powered by Stocktwits Community API. | After the Bell: CoreWeave breaks its five-report earnings curse as revenue and backlog keep the AI spending machine moving. Stocks: CAVA’s traffic beat and Supermicro’s margin rebound send both shares higher. Preview News: Nebius reports before Wednesday’s open with capacity, spending, and Michael Burry’s short in focus. What's Trending Now on Stocks
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| | | | AFTER THE BELL
CoreWeave Breaks the Curse | | CoreWeave, the AI cloud infrastructure provider, reported Tuesday night and finally delivered an earnings reaction investors could celebrate. Shares had fallen after each of the company’s first five reports as a public company, but this print sent them sharply higher. | The RIP: $CRWV ( ▲ 2.42% ) +13.6% after hours; adjusted loss $1.03/share vs. $1.20 expected; revenue $2.58B vs. $2.56B expected; backlog $104B. | CoreWeave added more than $25B in customer commitments after the quarter ended, giving holders enough growth to overlook a $626M net loss and roughly $35B in debt. According to Barron’s, this cloud company runs on one thing: depreciation. Depreciation and interest payments make up 79% of the firm's revenue, up 146% from last year. It is on track to spend up to $35B in capex this year, an insane number for a firm that pulled in less than $3B in revenue. | The climb after the close surprises me, after the last couple of earnings responses were so red. I met with Jonathan Morgan, crypto writer and technical analysis extraordinaire, to talk TA this afternoon., As you may have noticed, it is not my forte. I am a news writer, and though I can stomach charts, trend lines, and geometry, it has never been the first thing I look at evaluating the stock market. | With the way AI writing is going, I fully expect to be looking for a new vocation months ago, and am living on borrowed time, so why not learn to have an opinion on charting? | | In today’s lesson, Jon and I looked at Coreweave, a thin graph after the firm only went public last March. Showing me the ropes, Jon pointed out how he would use a trendline to make an argument for this shortterm price action leading into earnings: a downward-sloping trend with some high marks to set a trend against, Jon said traders could look at this line as an ‘if the price breaks over this, and closes over this,’ then the fun begins. | See, when a simple trend is nixed by some event, it's a battle of bears and bulls to see where the next chapter lands- will the price hold out above the down trend since June, or fall back below? No clue, but why don’t you let me know in the CoreWeave Stocks page? | The company now has to turn that backlog into active capacity without repeating the construction delays that hurt previous guidance. Watch revenue growth, buildout timing, and interest costs, because the earnings curse is broken only if Wednesday’s buyers stick around. | Community Read: See whether traders trust CoreWeave’s first earnings rally. |
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| | | | STOCKS
CAVA Serves a Beat | CAVA Group, the Mediterranean fast-casual chain, beat second-quarter expectations Tuesday night as traffic climbed despite food-safety fears surrounding leafy greens. Shares rallied after hours, setting up a sharp Wednesday reaction. | The RIP: $CAVA ( ▼ 1.25% ) +12.7% after hours; EPS $0.19 vs. $0.18 expected; revenue $368.4M vs. $360.5M expected; same-restaurant sales +9% vs. +7.6% expected. | Restaurant-growth investors got the number they needed: guest traffic increased 5.3%, but restaurant-level margin slipped 60 basis points to 25.7% as salmon costs, delivery orders, and wages applied pressure. CAVA kept its 2026 outlook at 75 to 77 new restaurants, 4.5% to 6.5% same-restaurant sales growth, and $181M to $191M in adjusted EBITDA. Watch whether July’s sales rebound continues, because the unchanged forecast shows management is still plating this one with caution. | Community Read: See why CAVA’s bullish room is looking past the unchanged forecast. | Supermicro’s Margin Rescue | Supermicro, the AI server and data-center hardware maker, reported Tuesday night and rallied despite missing revenue expectations. A sharp margin recovery and stronger fiscal 2027 outlook gave investors more than enough reason to forgive the top-line miss. | The RIP: $SMCI ( ▲ 0.45% ) +6.8% after hours; non-GAAP EPS $1.70; revenue $11.1B; gross margin 17.5% vs. 9.9% last quarter and 9.5% one year ago. | The margin rebound changed the story for holders who feared Supermicro’s growth was becoming low-profit volume. Management expects first-quarter revenue of $14.5B to $15.5B and full-year sales of $65B to $72B, backed by a record order backlog. The next test is whether Supermicro can preserve that profitability as deployments accelerate, because another slide toward single-digit margins would put tonight’s celebration on a very short leash. |
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