🌞 Solar stocks still in the tax game

Good evening. This week’s big question: will we get a September rate cut? Meanwhile, Trump met with Putin in Alaska after the bell to discuss Ukraine… without Ukraine. Investors are watching for any hint of market-moving news.

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎32.82% Sunrun
⬆︎17.10% SolarEdge
⬆︎11.05% First Solar
⬆︎8.13% Enphase

Solar got some sunshine today. A leaked Treasury proposal suggests the Trump administration will largely preserve clean energy tax credits for solar and wind. While the plan scraps the old rule letting developers qualify by spending 5% upfront, it still allows offsite construction to count and keeps a four-year completion window. Many projects will now qualify for incentives. [Read more]

⬆︎11.98% UnitedHealth

Guess who just made a bet on one of America’s largest health insurers? Yes, the one and only Warren Buffet. He bought 5 million shares worth about $1.6 billion through Berkshire Hathaway. He’s not alone: “Big Short” investor Michael Burry and hedge fund manager David Tepper also revealed large stakes, capitalizing on UnitedHealth’s crash this year. [Read more]

⬆︎8.21% Lyft

Lyft giving its board a lift. Co-founders Logan Green and John Zimmer will step down from the rideshare company’s board next August, wrapping up a two-year transition. On the same day, they’ll convert their high-voting Class B shares into regular Class A shares, giving all shareholders equal voting rights. [Read more]

⬆︎8.13% GitLab

Courtroom chapter closed. GitLab, the all-in-one software development platform, scored a legal win after a U.S. judge dismissed a lawsuit claiming it exaggerated its AI features and customer demand. The judge ruled investors didn’t provide enough evidence the company’s statements were misleading, effectively clearing GitLab of the allegations. [Read more]

⬆︎2.93% Intel

The Trump administration is reportedly in talks to take a stake in Intel, one of the few U.S. companies capable of producing high-end semiconductors at scale. It will help fund Intel’s delayed Ohio manufacturing hub. The deal could be a lifeline for Intel, which hasn’t hit a new all-time high since 2000. [Read more]

⬆︎⬇︎ 1-day change
Market data: today’s market close

IN PARTNERSHIP WITH PACASO

Former Zillow exec targets $1.3T

The top companies target big markets. Like Nvidia growing ~200% in 2024 on AI’s $214B tailwind. That’s why the same VCs behind Uber and Venmo also backed Pacaso. Created by a former Zillow exec, Pacaso’s co-ownership tech transforms a $1.3 trillion market. With $110M+ in gross profit to date, Pacaso just reserved the Nasdaq ticker PCSO.

Invest for $2.90/Share

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

LOSERS

⬇︎6.34% Roblox

Louisiana Attorney General Liz Murrill is suing Roblox, the kid-focused gaming platform, accusing it of letting predators operate on its site and failing to protect children. The state claims a group of over 3,300 users traded child pornography and solicited minors, and says Roblox puts growth and revenue ahead of safety. [Read more]

⬇︎14.07% Applied Materials

🔔 Earnings report - Slamming into the Great Wall. The supplier of chipmaking tools posted decent quarterly results but warned that sales and profit will drop next quarter as demand from China slows down and export license approvals remain stuck. The company expects the China weakness to last several quarters. [Read more]

⬇︎18.40% Pandora

🔔 Earnings report - European charm is fading. Pandora, the Danish brand behind those charm bracelets everyone knows, is having a tough time in Europe. The U.S. market helped, but it’s still feeling the squeeze from pricey silver and U.S. tariffs on its Thailand-made jewelry (even after those tariffs got cut from 36% to 19%). [Read more]

⬆︎⬇︎ 1-day change
Market data: today’s market close

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