CAPIS Morning Note – 08/05/26: SpaceX Down – Markets Record Highs and Continue Up!

Overnight Summary and Early Morning Trading: The S&P 500 finished Tuesday higher by 1.79% at 7736.52 from Monday higher by 1.48%at 7600.50. The S&P 500 sees support now at 7700 from 7600. Resistance is now at 7800 from 7700. In the last four months, support has moved from 6300 to 7700. Stock Market Records hit […]

Overnight Summary and Early Morning Trading:

  • The S&P 500 finished Tuesday higher by 1.79% at 7736.52 from Monday higher by 1.48%at 7600.50.
  • The S&P 500 sees support now at 7700 from 7600. Resistance is now at 7800 from 7700. In the last four months, support has moved from 6300 to 7700.
  • Stock Market Records hit on August 4, 2026:
    • S&P 500: Closed at a fresh all-time high of 7,736.52.
    • Dow Jones Industrial Average: Reached a new record closing high of 54,085.88 (up 1.72% or over 900 points).
    • Nasdaq Composite: While it had a strong day, gaining 2.59% to close at 26,584.99, it fell just short of its all-time closing record of 27,093.90 set earlier in the year on June 2, 2026.
  • Bond Market is lower today on price with the 10-Year Yield at 4.704% from 4.682%.

Executive Summary:

  • Stocks are now in a one-week winning streak, with the S&P 500 rising 1.05% in the last week, ended 7/31. So far this week up 3.30%.
  • U.S. moved into Week 24 of its attack on Iran, almost six months. Now we are back to negotiating a deal with Iran.
  • We are in a 4-day win streak.

Key Geopolitical Events of Note:

  • Economic news of note.
    • Weekly – MBA Mortgage Applications and Crude Oil Inventories are due this morning.
    • Monthly –  ADP Employment Report, Global U.S. PMI Final and ISM Non-Manufacturing Index are due this morning.
  • President Trump’s schedule:
    • Participates in Executive Time at 11:00 a.m. EDT from Las Vegas at Trump International Hotel.
    • Delivers remarks from the Red Rock Casino and Spa at 4:30 p.m. EDT.
    • Returns to White House at a time to be determined.
  • Federal Reserve Speakers of Note:  Lisa Cook (4:05 p.m. EDT),  Mary Daly (8:35 p.m. EDT)
  • Bond Announcements: 11:00am: 3-Year Note Announcement, 11:00am: 10-Year Note Announcement, 11:00am: 30-Year Bond Announcement

Capital Raises of Note/Pricings:

  • IPO Filings & News: ATTO BRVE OCLT VOGX are coming public this week.
  • Secondaries Filed Or Priced:
    • TWST launches $250 million common stock offering.
    • SST: Form S-3.. 5,287,321 shares of Class A Common Stock.
  • Notes Filed Or Priced: None of note.
  • Convertible Offerings Filed or Priced: None of note.
  • Private Placement:
    • GRCE – Announces $10 Million Private Placement.
  • Direct Offering: None of note.
  • Exchangeable Subordinate Voting Shares: None of note.
  • Selling Shareholders: None of note.
  • Mixed Shelf Offerings
    • ADM files mixed securities shelf offering.
    • PSIG: Form F-3.. US$200,000,000 Mixed Shelf.

Notable Earnings Out After The Close:

  • Beats:  LIME +4.01 , PARR +1.88 , AIZ +1.43 , ALGT +1.08 , BIO +0.87 , AMGN +0.67 , PRU +0.56 , TX +0.56 , FBIN +0.55 , GILD +0.51 , AFG +0.50 , ECG +0.50 , VSAT +0.49 , KAI +0.48 , RARE +0.32 , LNWO +0.29 , WYNN +0.25 , CE +0.22 , IOSP +0.22 , PCTY +0.22 , SU +0.20 , QLYS +0.20 , TALO +0.20 , OGS +0.19 , DVN +0.17 , PLMR +0.17 , RRR +0.16 , SPCX +0.14 , WK +0.14 , DVA +0.14 , ANET +0.13 , TDC +0.13 , ACAD +0.12 , ALAB +0.11 , LRN +0.11 , BKNG +0.11 , EOG +0.10 , EQH +0.10 , EVTC +0.10 , LSCC +0.09 , PCRX +0.08 , PRIM +0.08 , PINS +0.07 , KTOS +0.07 , MQ +0.06 , PGEN +0.06 , LUMN +0.06 , CRBG +0.05 , RVLV +0.05 , INTA +0.05 , MTCH +0.05 , BL +0.04 , CALY +0.04 , FRSH +0.04 , WTTR +0.04 , AMD +0.04 , EMR +0.03 , DOC +0.03 , SKT +0.03 , TVTX +0.03 , JAN +0.02 , SKY +0.01 , DEI +0.01 , WTRG +0.01 , GXO +0.01 , J +0.01 , MOS +0.01 , TSLX +0.01 , MAC +0.01 of note.
  • Misses: ANGI (5.83), LCID (0.48), VOYA (0.47), IFF (0.25), BBBY (0.17), ZETA (0.17), BV (0.12), PSKY (0.11), SNDX (0.10), MNTN (0.10), OPEN (0.10), ARWR (0.08), CACC (0.08), CC (0.08), LMAT (0.07), AROC (0.07), TOST (0.06), TMDX (0.06), FLYW (0.05), MBC (0.05), CPNG (0.05), AGNT (0.04), MAT (0.03), UPST (0.03), HNGE (0.02), IPAR (0.02), AMPX (0.02), HL (0.01), PRCT (0.01) of note.
  • Flat: ATEC +0.00 , SUJA +0.00 of note.

Winners From After The Close:  APPS +21.7%, QLYS +13.6%, INTA +12.5%, ANET +10.4%, ECG +10.2%, NGL +10.2%, WTTR +10.1%, SWIM +8.6%, LRN +8.1%, OSPN +8%, IPI +7.5%, FTK +7.4%, BXC +7%, GSM +6.7%, IGL +6.6%, RARE +6.2%, BKNG +5.9%, TALO +5.8%  of note.

Losers From After The Close: USNA -21.8%, TDC -17.7%, ANGI -16.7%, MBC -14.9%, ALIT -12.3%, LMB -12%, MTCH -9.1%, AMD -8.5%, PINS -8.5%, BL -8.4%, BV -8.3%, MNTN -8.2%, CC -8.1%, AROC -7.8%, LCID -7.7%, VSAT -7.7% SPCX -7.6%   of note.

News after the close:

  • Amgen (AMGN) put up a strong quarter beating on earnings and revenues.
  • IonQ (IONQ) signs Sandia National Laboratories MOU on quantum co-design for national security applications.
  • SpaceX (SPCX) prelim Q2 ($0.09) vs ($0.23) FactSet Consensus; revs $7.81 bln vs $6.83 bln FactSet Consensus.
  • Booking Holdings (BKNG) beats on revenues and earnings but sees Q3 revs +4-6%, or $9.37-9.55 bln vs $9.71 bln FactSet Consensus.
  • Advanced Micro Devices (AMD) beat earning by $0.04 and revenues beat by $200 million, a beat but not a crazy beat.
  • Riot Platforms (RIOT) cancels Q2 Earnings Call for 8/5, will reschedule.
  • 10Q Delays – None of note. 

Executive, Corporate Changes:

  • VAC appoints Vladimir Anokhin as Chief Strategy & Transformation Officer.
  •  STAA names Warren Foust president and CEO; Deborah Andrews to remain CFO and become EVP.

Buybacks of Note: None of note.

Dividend Info:

  • Top Names Trading Ex-Div Today: AMAL $0.17, AROC $0.23, BANR $0.52, BY $0.12, CCEC $0.15, CIVB $0.18, FCCO $0.17, FIBK $0.47, IBCP $0.28, LVS $0.3, MET $0.5925, ORRF $0.3, SPH $0.325, SRCE $0.45.
  • Top Names Trading Ex-Div Tomorrow: AWI $0.339, BPRN $0.35, CBAN $0.12, EQT $0.165, HFWA $0.25, IDA $0.88, JMSB $0.1, MTG $0.15, SAR $0.25, SYF $0.34, UVSP $0.23, WTBA $0.26, $1.03, ATR $0.48, CAG $0.17, FUL $0.24.

What Happening This Morning:

Futures S&P 500 +30, NASDAQ 100 +53, Dow Jones +186. Europe is higher ex Germany while Asia is higher. Bond yield is at 4.615% from 4.692% on the 10-Year. Crude Oil and Brent Crude are higher with Natural Gas higher. Gold, Silver and Copper are higher. The U.S. Dollar is lower versus the Euro, lower against the Pound and higher against the Yen. Bitcoin is at $64,148 from $63,702.

Sector Action:

  • Daily Materials, Communication Services, Healthcare, Energy and Utilities were higher
  • Daily: Industrials were lower.
  • One-Month Winners: Technology, Communication Services, Healthcare and Real Estate of note.
  • Three-Month Winners: Energy, Materials, Utilities, Consumer Defensive and Industrials of note.
  • Six-Month Winners: Energy, Materials, Utilities, Industrials, Healthcare and Consumer Defensive of note.
  • Twelve-Month Winners: Materials, Energy, Industrials, Utilities, Communication Services and Technology of note.
  • Year-to-Date Winners: Energy, B, Consumer Defensive, Utilities and Industrials of note.

Upcoming Earnings Of Note: (Erlanger Chartroom Software – sorted by market cap, highest to lowest with most visible names)

  • Wednesday After the Close:

  • Thursday Before The Open:

Notable Earnings of Note This Morning: 

  • Beat: LLY +2.37, ONC +2.18, PSX +1.91, DK +0.97, OC +0.84, CVS +0.73, KMT +0.65, RRX +0.41, UTHR +0.41, LPG +0.40, MTRN +0.38, GLXY +0.37, CRL +0.28, CPRI +0.27, JJSF +0.26, PODD +0.21, DIS +0.20, MDLN +0.18, FRPT +0.17, LIVN +0.17, GFF +0.17, CG +0.16, PRGO +0.16, BCRX +0.15, SN +0.15, BWA +0.14, COR +0.13, SHAK +0.12, CDW +0.11, EPC +0.11, BLMN +0.10, LCII +0.09, CRTO +0.09, NWN +0.09, KYMR +0.09, YOU +0.09, BCO +0.09, XPEL +0.08, LINE +0.07, SEDG +0.07, ELAN +0.07, VVV +0.07, ZBH +0.06, NICE +0.06, SR +0.06, CHH +0.05, PRMB +0.05, KD +0.04, VSH +0.04, FUBO +0.04, DT +0.04, EXTR +0.03, GFS +0.03, KHC +0.03, TRI +0.03, NYT +0.03, VYX +0.02, IRM +0.02, GPN +0.02, CRCL +0.02, ECVT +0.02, INMD +0.02, SHOP +0.02, UTZ +0.01, UBER +0.01 of note.
  • Missed: WULF (1.70), ROCK (1.02), LPX (0.17), ADNT (0.08), FLUT (0.05), DIN (0.04), TBLA (0.04), EVGO (0.01) of note.
  • Flat: NI +0.00, CWK +0.00 of note.
  • Still to Report: AVT, SWX of note.

Company Earnings Guidance:

  • Positive Guidance: After The Close & This Morning – VSH, EXTR, SN, CRL, BCRX, MTRN, ADNT, KMT, IRM, BLMN, CVS, ELAN, ONC, YOU of note.
  • Mixed – EXTR, COR, LCII, INMD, CPRI, LLY, VYX, DT, NICE, ECVT of none.
  • Negative or Mixed Guidance: After The Close & This Morning – EVGO, SEDG, CPRI, CHH, TBLA of note.

Advance/Decline Daily Update: Market Breadth is improved.

Gap Ups & Down In Early Pre-Market: (Top 10 up and down):

  • Gap Up: PLTR: +16.19%  of note
  • Gap Down: URI: -5.70%  of note.

Insider Action: None sees Insider Buying with dumb short selling. None see Insider Buying with smart short sellers. Above $100,000 in purchases with high shorts but no history: None of note.

Other Trading Action: None of note.

Rags & Mags: Repeated stories from prior days never listed, i.e. “rehashed news”. Sorted by Global, U.S. and stock specific. Bolded source means paywall.

  • Iran is Staking Everything on Keeping The Strait of Hormuz. (WSJ)
  • Meanwhile Trump says Hormuz Deal Today or Thursday. (CNBC)
  • Houthis claims to strike Saudi tanket in Red Sea. (CNBC)
  • Citadel up 6% since Situational Awareness Deal. (Bloomberg)
  • Disney Parks Strong While Universal Weak. (NYT)
  • McDonald’s Sales Slow as Diners Cautious. (NYT)
  • MIchigan Senate Race too close to call. (USA Today)
  • Eli Lilly blows past estimates. (CNBC)
  • AI Spending Rattles Space X Investors. (CNBC)

Economic & Geopolitical:

  • Federal Reserve Speakers of note today:
    • Lisa Cook (4:05 p.m. EDT)
    • Mary Daly (8:35 p.m. EDT)
  • President Trump’s schedule for today:
    • Participates in Executive Time at 11:00 a.m. EDT.
    • Delivers remarks from the Red Rock Casino and Spa at 4:30 p.m. EDT.
    • Returns to White House at a time to be determined.
  • Economic Data Out –
    • Weekly
      • MBA Mortgage Applications are out this afternoon at 7:00 a.m. EDT.
      • Crude Oil Inventories are due out at 10:30 a.m. EDT.
    • Monthly
      • July Global U.S. Services PMI is out at 9:45 a.m. EDT and came in at 53.6 last month.
      • July ISM Non-Manufacturing Index is out at 10:00 a.m. EDT and is expected to rise to 54.70% from 54%.
      • July ADP Employment Report is due out at 8:15 a.m. EDT and is expected to fall to 75,000 from 98,000.

M&A Activity & Daily: None of note.

Moving Average Table: 100% from 97% of Equities are Positive, and 32% from 0% Bonds are Positive.

Meeting & Conferences of Note:

  • Sellside Conferences:
    • DB Data center Conference
    • Opp. Biotech Conference
  • Top Analyst, Investor: DVLT FRMM GPUS PGR SMG.
  • Shareholder Meetings: ATEX GRNT UVV.
  • Fireside Chat: None of note.
  • FDA Presentation: None of note.
  • R&D Day: None of note.
  • Meetings: None of note.

Upgrades & Downgrades:

The recommendations listed below in this “Upgrade/Downgrade” section are compiled from what we believe are Tier I, II and III firms. Recommendations posted are taken from a variety of sources each day and we only post upgrades or significant initiations as well as downgrades to underweight or sell. The purpose of this posting is to make the reader aware of market-moving recommendations.  None of these recommendations should be interpreted as actual recommendations from CAPIS or its employees.

Upgrades: AEIS, CPNG, ENTG, KTOS, PLD, RA, VGNT, WAT of note.

Downgrades: HSBC of note.

Initiations:  Buys: CECO, CVEO, GRTX, TKNO of note.  Sells: None of note.