🔥 Samsung-Tesla spark reignites

Good evening. This week kicks off with a new U.S.–Europe trade deal, setting tariffs on European goods at 15%. Also, we told you it’d be a packed week, and we weren’t kidding. Here's what the market’s watching:

• Wednesday, July 30: The Fed announces its rate decision, and Microsoft & Meta report earnings

• Thursday, July 31: Amazon & Apple report earnings

• Friday, August 1: The July jobs report drops, and it’s also the tariff deadline

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Market data: today’s market close

WINNERS

⬆︎167.18% Celcuity

FDA filing coming. Celcuity, a small biotech focused on cancer treatments, reported that its drug gedatolisib helped slow disease progression in advanced breast cancer patients by up to 76% in a late-stage trial. Doctors say they’ve never seen this level of improvement in this type of breast cancer. [Read more]

⬆︎6.83% Samsung

Back in the driver’s seat. After losing Tesla to TSMC, the South Korean tech giant is back in the mix with a $16.5B agreement to make Tesla’s new AI6 chip over the next 8 years. The chips will be made at Samsung’s new Texas plant, maybe to keep Musk’s political circle smiling. It’s a big win for Samsung’s chip unit, which has had a rough stretch lately. [Read more]

⬆︎3.89% Nike

J.P. Morgan upgraded Nike to Overweight after 13 months at Neutral. They expect earnings to grow up to 20% annually over the next five years, driven by strong demand in running, basketball, and training gear — plus a big sales boost from the 2026 World Cup in North America. [Read more]

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Market data: today’s market close

IN PARTNERSHIP WITH PACASO

From Italy to a Nasdaq Reservation

How do you follow record-setting success? Get stronger. Take Pacaso. Their real estate co-ownership tech set records in Paris and London in 2024. No surprise. Coldwell Banker says 40% of wealthy Americans plan to buy abroad within a year. So adding 10+ new international destinations, including three in Italy, is big. They even 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

⬇︎6.48% Duolingo

JMP Securities cut Duolingo’s price target from $475 to $450, citing concerns that user engagement is cooling off. Daily users are still growing, just not as fast. Maybe a sign the company’s 'AI-first' push isn’t doing much yet. It’s a rare slowdown for the quirky app best known for teaching languages with memes and owl guilt. [Read more]

⬇︎8.45% Heineken

🔔 Earnings report - Someone check if the taps are working. The beer giant saw beer sales slip in the U.S. and Europe, dragging down its global beer volume for the first half of the year. While demand grew in places like Vietnam and India, it wasn’t enough to offset declines in other key markets like Brazil and Mexico. [Read more]

⬇︎18.85% ChargePoint

Reverse progress. The struggling EV charging network operator just pulled off a 1-for-20 reverse stock split (every 20 shares became one) to stay listed on the NYSE. Reverse splits don’t fix business fundamentals, and in ChargePoint’s case, it’s more of a warning sign than a turnaround plan. The company’s still burning cash, losing money, and missing revenue targets. [Read more]

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Market data: today’s market close

EXTRA

THE END

That’s it for today’s recap. We hope you found it valuable.

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