😬 Under Armour under pressure

Good evening. The week ended on a more upbeat note as markets reacted to Trump’s nomination of Stephen Miran to the Federal Reserve Board, while Apple (+4.24%) gave the tech sector another lift.

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

TOOLS

Before we jump in, we got some tools for you to level up your investing game 👇

🏘️ Want to invest in real estate without buying property? You can start with just $5,000 → EquityMultiple

💡 Looking for expert stock recommendations, how to build a diversified portfolio, or just a simple all-in-one service? Find what fits best → The Motley Fool

🗓️ We use Earnings Hub to see when every company reports and what to watch. You too can stay ahead → Earnings Hub

WINNERS

⬆︎26.40% SoundHound AI

🔔 Earnings report - The voice tech company posted 217% revenue growth last quarter, crushing expectations and raising its full-year forecast. Even though it hasn’t turned a profit yet, it’s gaining real traction: powering voice tech in KIA cars and enabling drive-thru ordering at Chipotle and Red Lobster. [Read more]

⬆︎19.90% Fannie Mae

The Trump administration is considering selling 5% to 15% of its stake in the company, an offering that could raise about $30 billion and value Fannie Mae and Freddie Mac together at over $500 billion. Investors see this as a possible first step toward ending the nearly two-decade government conservatorship that began during the 2008 financial crisis. [Read more]

⬆︎2.29% Tesla

Elon Musk reportedly shut down the Dojo team (its in-house supercomputer project) and reassigned its engineers. Dojo was once hyped as a key to Tesla’s robotaxi and humanoid bot ambitions. Musk says consolidating chip efforts makes more sense and Tesla’s next-gen chips, AI5 and AI6, will be the backbone of upcoming self-driving systems and robotics. [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

⬇︎10.31% Pinterest

🔔 Earnings report - Out of inspo. Revenue rose 17% year over year and monthly active users hit a record 578 million, but Pinterest's earnings came in slightly below expectations. The visual discovery platform is seeing some advertiser pullback, and lower ad prices in newer international markets are weighing on overall ad revenue. [Read more]

⬇︎17.22% Under Armour

🔔 Earnings report - Under Armour is under pressure. The athletic apparel brand warned that sales will drop even more this quarter, with soft demand and heavy reliance on Vietnam and Indonesia exposing it to $100 million in tariff-related costs. Profit expectations were slashed, and analysts aren’t seeing signs of a comeback anytime soon. [Read more]

⬇︎23.06% Sweetgreen

🔔 Earnings report - Lettuce isn’t the only chopped one. The fast-casual salad chain cut its full-year forecast for the second quarter in a row, blaming weak demand, a messy SG Rewards program, and tariffs. Just one-third of its restaurants are hitting performance standards, and same-store sales fell 7.6% last quarter, much worse than expected. [Read more]

⬇︎38.61% Trade Desk

🔔 Earnings report - The ad-tech platform actually delivered solid Q2 numbers, so why the panic? Its forecast for 14% revenue growth next quarter was a clear slowdown from last quarter’s 19%, and that alone raised eyebrows. Then came the surprise exit of longtime CFO Laura Schenkein, the latest in a string of leadership shakeups. [Read more]

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

EXTRA

THE END

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

• Love this newsletter? Share it with friends using your unique referral link. Bring 5 friends and we’ll send you a gift. You’re at 0, just 5 to go!

• Was this email forwarded to you? Subscribe so you don’t miss out.

• Interested in advertising with us? Reply to this email, and we’ll take it from there.

FEEDBACK