Early Look
Wednesday, August 27, 2025
|
Futures |
Up/Down |
% |
Last |
|
Dow |
22.00 |
0.05% |
45,511 |
|
S&P 500 |
3.25 |
0.05% |
6,485 |
|
Nasdaq |
10.50 |
0.04% |
23,602 |
After a strong stock market close that left major averages ending Tuesday at highs, U.S. futures are flattish ahead of the highly anticipated earnings report from AI chip leader NVIDIA (NVDA) this evening after the close, the next major catalyst for the technology sector. Investors are watching for the potential fallout from President Trump’s curbs on China chip sales, which Nvidia forecast will deliver an $8 billion hit to its quarterly bottom line. On the trade front, the European Union is looking to fast-track the removal of tariffs on all US industrial goods, Bloomberg reported, clearing the way for an easing of duties on EU auto imports in return. In earnings news last night, big moves were higher for software companies MDB, NCNO, OOMA on results as well as PVH in retail. Also in retail, GOOS shares rise overnight on a CNBC report that controlling shareholder Bain Capital has received bids to take the luxury goods maker private. Cracker Barrel (CBRL) shares continued to rise after the company bowed to the public that it should never have scrapped its old logo. In Asian markets, The Nikkei Index rose 125 points to 42,520, the Shanghai Index tumbled -68 points or 1.75% to 3,800, and the Hang Seng Index dropped -323 points to 25,201. In Europe, the German DAX is down -33 points to 24,119, while the FTSE 100 is flat at 9,266. After NVDA tonight, GDP data tomorrow and PCE inflation data on Friday round out the weekly remaining catalysts.
Market Closing Prices Yesterday
- The S&P 500 Index jumped 26.62 points, or 0.41%, to 6,465.94
- The Dow Jones Industrial Average rose 135.60 points, or 0.30%, to 45,418.07
- The Nasdaq Composite gained 94.98 points, or 0.44%, to 21,544.27
- The Russell 2000 Index advanced 19.42 points, or 0.83% to 2,358.59
Economic Calendar for Today
- 7:00 AM ET MBA Mortgage Applications Data
- 10:30 AM ET Weekly DOE Inventory Data
- 1:00 PM ET US Treasury to sell $70B in 5-year notes
Earnings Calendar:
- Earnings Before the Open: ANF DCI DXLG KSS MCFT PLAB REX RY SJM TIGR WSM YB ZH
- Earnings After the Close: A BILL COO CRWD FIVE GEF GES HPQ KTCC LTRX NOAH NTAP NTNX NVDA PAHC PSTG SNOW TCOM URBN VEEV
Other Key Events:
- DA Davidson 15th Annual Western Bank Summit, 8/26-8/28 (virtual)
- Deutsche Bank 2025 Technology Conference, 8/27-8/28, in Dana Point, CA
- Evercore ISI Semiconductor, IT Hardware & Networking Conference, 8/26-8/27, in Chicago
- Jefferies Semiconductor, IT Hardware & Communications Technology Conference, 8/27-8/28, in Chicago
|
Macro |
Up/Down |
Last |
|
Nymex |
-0.16 |
63.09 |
|
Brent |
-0.14 |
67.08 |
|
Gold |
-7.20 |
3,425.60 |
|
EUR/USD |
-0.0058 |
1.1586 |
|
JPY/USD |
0.71 |
148.11 |
|
10-Year Note |
+0.011 |
4.267% |
World News
- The European Union said on Wednesday it will seek fast track removal of all tariffs on US industrial goods by the end of the week, after the US and the EU established a written framework for the trade deal agreed to in late July. President Trump requested that tariffs be removed before the US lower its duties on the bloc’s auto exports.
- Australia’s July CPI surprised on the upside, with headline inflation accelerating to 2.8% YoY (est. 2.3%, prev. 1.9%), the fastest pace in a year. Housing costs rose 3.6%, reflecting a sharp 13.1% rebound in electricity prices as rebates lapsed in NSW and the ACT, while rents rose 3.9%, the slowest since late 2022.
- Inspectors from the UN nuclear watchdog IAEA entered Iran with the consent of Iran’s Supreme National Security Council, Iran’s foreign minister said in comments carried by the parliament news agency ICANA.
- US Treasury Secretary Bessent said tariff revenues are running at record levels and could approach $1tn, with a sharper jump expected from August to September.
- South Korea’s business sentiment improved in August, climbing to its strongest level in nine months as clarity over tariffs eased uncertainty and export momentum held up. The Composite Business Sentiment Index for all industries rose to 91.0 (prev.89.6) in Q1, the highest since November 2024
Sector News Breakdown
Consumer
- Canada Goose’s (GOOS) shares rise as controlling shareholder Bain Capital has received bids to take the luxury goods maker private at a valuation of about $1.4 billion, CNBC reported late on Tuesday. Private equity firm Bain, which acquired a majority stake in Canada Goose in 2013, is looking to offload its holding and Goldman Sachs is advising on the sale. https://tinyurl.com/52rvfhw7
- Cracker Barrel Old Country Store (CBRL) shares rise after the restaurant chain said it would stick with its decades-old logo, scrapping plans for a new one following social media backlash.
- PVH Corp. (PVH) Q2 revs rose 4% y/y to $2.167B vs. est. $2.12B and exceeded guidance of a low single digit increase and rose 1% on a c/c basis; Q2 EPS $2.52 vs. est. $2.00; raising FY outlook to increase slightly to up low single-digits compared to flat to increase slightly previously and reaffirms outlook of flat to increase slightly on a constant currency basis; reaffirms operating margin outlook of approximately 8.5% on a non-GAAP basis; sees Q3 revenue flat to up slightly year-over-year.
Energy, Industrials and Materials
- Donaldson (DCI) Q4 adjusted EPS $1.03 vs. est. $1.02 and revs $981M vs. est. $951.59M; sees FY26 EPS $3.92-$4.08, vs. consensus $3.89 and FY26 sales are projected to increase between 1% and 5%, or to $3.8B at the midpoint, inclusive of a pricing benefit of approximately 1%.
- Newmont (NEM), the world’s largest gold miner, is studying significant job cuts as part of a cost-saving plan, sources say – Bloomberg reported.
- Planet Labs (PL) announced that its high-resolution, AI-enabled Pelican-3 and Pelican-4 satellites were successfully launched to orbit on SpaceX’s Falcon 9 rocket from Vandenberg Space Force Base in California.
Financials
- PayPal (PYPL) shares fall after Suddeutsche Zeitung reports German banks blocking PayPal payments, Suddeutsche Zeitung says security systems designed to filter out fraudulent payments have apparently failed at the payment service provider, so German banks have blocked direct debits
- nCino inc. (NCNO) shares rise; Q2 EPS $0.22 vs. est. $0.14; Q2 revs rose 12% y/y to $148.815M vs. est. $143.2M; Q2 net income $25.7M vs. est. $16.5M; and Q2 adj operating Income $30M vs. vs. est. $24.1M; Q2 subscription revs rose 15% y/y to $130.8M; guides Q3 revs $146M-$148M and FY revs $585M-$589M.
- China Life, the nation’s largest life insurer by market share, said profit rose 6.9% in the first half, as policy sales expanded and it boosted investment returns in a volatile stock market.
Healthcare
- Elanco Animal Health Inc. (ELAN) will replace Sarepta Therapeutics Inc. (SRPT) in the S&P MidCap 400, and Sarepta Therapeutics will replace Brookline Bancorp Inc. (BRKL) in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, September 2.
- Inspire Medical Systems, Inc. (INSP) announces departure of Chief Financial Officer Rick Buchholz to step down Dec 31, 2025; co reaffirms year guidance.
- Vir Biotechnology (VIR) upgraded to Buy from Neutral at Bank America saying the market is underestimating the potential for its asset for treatment of severe liver disease caused by hepatitis delta virus.
Technology, Media & Telecom
- Elon Musk’s Starlink and T-Mobile (TMUS) have separately expressed interest in acquiring some or all of the spectrum controlled by struggling DISH Network-parent EchoStar (SATS), according to people familiar with the matter reported Semafor. At stake is one of the largest pots of underused airwaves, which are owned by the public but licensed to telecom companies. https://tinyurl.com/4eba4jpa
- Box Inc. (BOX) Q2 adj EPS $0.33 vs est. $0.31, adj op Inc $84Mm vs est. $81.17Mm on revs $294Mm vs est. $290.78Mm; guides Q3 revs $298-299Mm vs est. $297.47Mm, adj op mgn approx 28%, adj EPS $0.31-0.32 vs est. $0.32; sees FY revs $1.17-1.175B vs est. $1.172B, and adj EPS $1.26-1.28 vs est. $1.34.
- Disney (DIS) has filed a lawsuit against Dish Network (SATS) claiming its new packages for Sling TV, which let users subscribe to the service for as little as 24 hours, violate the terms of its programming distribution agreements – Variety reports.
- MongoDB Inc. (MDB) shares jumped; Q2 EPS $1.00 tops consensus 66c and revs $591.4M vs. est. $553.57M; Q2 subscription-based revenue increased 23% to $572M vs. est. $532M; guides Q3 revs $587-592Mm vs est. $582.64Mm, adj op Inc $66-70Mm vs est. $67.14Mm and adj EPS $0.76-0.79 vs est. $0.71; sees FY revs $2.34-2.36B vs est. $2.29B, adj op Inc $321-331Mm vs est. $284.8Mm.
- Okta Inc. (OKTA) shares rose; Q2 adj EPS $0.91 vs est. $0.84 on revs $728Mm vs est. $711.81Mm; guides Q3 revs $728-730Mm vs est. $722.93Mm and adj EPS $0.74-0.75 vs est. $0.75; sees FY revs $2.88-2.89B vs est. $2.86B and adj EPS $3.33-3.38 vs est. $3.28.
- Ooma Inc. (OOMA) Q2 adj EPS $0.23 vs est. $0.20, adj EBITDA $7.2Mm vs est. $7.18Mm on revs $66.4Mm vs est. $66.4Mm; guides Q3 revs $67.2-67.9Mm vs est. $68.36Mm and adj EPS $0.22-0.23 vs est. $0.20; sees FY revs $267-270Mm vs est. $267.74Mm and adj EPS $0.87-0.89 vs est. $0.81.
- SBA Communications (SBAC) was downgraded to Neutral from Buy at Bank America as highlights the potential for incremental deployments on the AT&T side to be longer dated following the AT&T (T) and EchoStar (SATS) mid-band spectrum deal announcement.
Market commentary provided by Hammerstone Markets, Inc, a firm separate from and not affiliated with Regal Securities. Regal Securities has not participated in the creation of the content, and does not explicitly or implicitly endorse the content.