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| This Week's Gainers & Losers |
| TOPS US SiTime Corporation +35.52%: The U.S. timing semiconductor designer surged Thursday after reporting second-quarter results well above expectations, with revenue of $157.4 million versus the $146.5 million consensus. Adjusted earnings also exceeded forecasts. Chime Financial +26.58%: The U.S. neobank jumped Thursday after reporting second-quarter revenue of $669.8 million, well above the $641.3 million consensus, while returning to profitability. The company also raised its full-year revenue guidance to $2.725-$2.745 billion, above the $2.68 billion market consensus. Insmed +32.96%: The U.S. biopharmaceutical company rallied Thursday after posting second-quarter revenue of $425.5 million, beating the $393.7 million consensus. Its loss per share also came in much better than expected at $0.06 versus the expected $0.69. Caci International +29.47%: The U.S. defense technology and intelligence services provider surged Thursday after reporting quarterly results well above expectations, with adjusted EPS of $8.91 versus the FactSet consensus of $7.26. Fiscal 2027 guidance also boosted investor confidence, with Truist highlighting strong expected momentum in the second half. Bending Spoons +26.28%: The software company gained after announcing the $1.29 billion all-cash acquisition of Airtable, a data management platform. The deal marks its first acquisition since going public. FLOPS US Davita -23.46%: The leading U.S. dialysis provider reported second-quarter revenue slightly above expectations ($3.55 billion versus the $3.50 billion consensus) but disappointed investors with full-year adjusted EPS guidance of $14.10-$15.20, compared with the consensus estimate of $14.88. Western Digital -20.29%: The storage and flash memory manufacturer plunged Thursday despite reporting fourth-quarter results above expectations, with adjusted EPS of $3.56 versus the expected $3.27 and revenue of $3.75 billion. Investors were disappointed by first-quarter fiscal 2027 guidance, which fell short of the market's elevated expectations. Hut 8 -17.69%: The U.S. cryptocurrency miner fell Tuesday after disappointing second-quarter results on both key metrics. Revenue came in at $74.9 million, below the FactSet consensus of $79.2 million, while its loss per share reached $1.27, more than double the expected $0.55. Applovin -12.4%: The U.S. advertising technology company tumbled Thursday after reporting disappointing second-quarter results that failed to meet the market's high expectations. Morgan Stanley noted that the weakness appeared to be driven by execution issues rather than structural headwinds. |
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| Commodities |
| The return of precious metals Gold and silver were the week's top-performing commodities, supported by a weaker U.S. dollar and growing uncertainty over interest rates. Gold climbed 7% since Monday to $4,350 per ounce, while silver rose similarly to around $64 per ounce. Safe-haven demand was reinforced by geopolitical tensions in the Middle East and softer U.S. economic data. Copper also reached a record high above $14,000 per metric ton on the LME after the Democratic Republic of Congo banned exports of copper and cobalt concentrates, raising supply concerns. Oil experienced a volatile week driven by developments surrounding the Strait of Hormuz. Brent initially dropped about 11% as markets anticipated a U.S.-Iran agreement to reopen the strategic waterway. Prices later rebounded to around $84 per barrel after Iran's parliament reviewed legislation that would prohibit U.S. and Israeli vessels from transiting the strait, before easing slightly again on Friday. |
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| Macroeconomics |
| Macro After several months of stronger-than-expected employment reports, July marked a sharp reversal. Economists expected 80,000 jobs to be created, but the U.S. economy instead lost 23,000 jobs. Previous months were also revised down by a combined 103,000 jobs. Despite this, the unemployment rate declined to 4.1%. Markets reacted positively, with stocks rising and bond yields falling. Softer labor data reduced pressure on the Federal Reserve, making a September rate hike less likely. Holding rates steady is once again the market's base case. Crypto Bitcoin (BTC) has remained near $65,000 since early July. After falling 2.82% last week, it has recovered 2.64% since Monday, leaving it broadly unchanged over the period. Activity has been stronger in the stablecoin market. Following the launch of OUSD, a stablecoin developed with more than 140 major U.S. financial institutions, Circle announced this week a new blockchain dedicated to USDC. The initiative includes partners such as Visa, Mastercard, and BlackRock. Institutional investors appear to be shifting their focus from Bitcoin toward dollar-backed digital assets, making stablecoins one of the standout crypto themes of summer 2026. Among other major cryptocurrencies, Ether (ETH) remained around $1,920, up roughly 2%, while Solana (SOL) traded near $73 and Binance Coin (BNB) held steady around $591. |
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*The weekly movements of indexes and stocks displayed on the dashboard are related to the period ranging from the open on Monday to the sending time of this newsletter on Friday. The weekly movements of commodities, precious metals and currencies displayed on the dashboard are related to a 7-day rolling period from Friday to Friday, until the sending time of this newsletter. These assets continue to quote on weekends. |
