• Market recap: All 3 main indices plunged around 1% yesterday, with the Dow falling over 700 points. Walmart (WMT) in particular fell 9%. Source: CNBC.
• Ross raises profit outlook: Ross Stores (ROST) surged 8% premarket after raising FY EPS guidance to $8.61–8.77 and forecasting comparable sales growth above estimates. Demand for bargain deals remains strong. Source: Reuters.
• BJ’s beats: BJ's Wholesale (BJ) posted Q2 adjusted EPS of $1.36 vs. $1.17 expected as revenue rose 16% to $6.23B. It lifted full-year adjusted EPS guidance to $4.60–4.80, sending shares up 2% premarket. Source: WSJ.
• Anthropic targets record IPO: Anthropic expects its IPO to match or exceed SpaceX’s (SPCX) blockbuster $75B raise as it prepares for a possible public filing by month-end. The AI firm was valued at $965B in May. Source: Bloomberg.
• Starbucks cuts more corporate jobs: Starbucks (SBUX) is laying off more than 200 corporate employees as CEO Brian Niccol targets $2B in cost cuts by FY 2028. Shares fell 1%. Source: WSJ.
• Bitcoin heads for huge gain: Bitcoin is trading above $75K and is on track for a 20% WoW gain, fueled by lower Treasury yields, a $2.7B short squeeze, and renewed hopes for crypto-friendly legislation. Source: CNBC.
• Blackwater scion launches defense startup: Blackwater's Erik Prince founded Vectus Air Defense Systems with Ukraine’s Swarmer (SWMR) to protect data centers, energy sites, and military bases from drone attacks. Swarmer is up 25% MoM. Source: WSJ.
• NYT loses defamation case: A jury found that the New York Times (NYT) defamed a former college basketball player in a 2023 article and awarded $9.25M in damages, marking the newspaper’s first U.S. defamation loss in over 50 years. Shares fell 1% but recovered premarket. Source: NY Times.
• ‘The Odyssey’ sets R-rated record: Universal's (CMCSA) “The Odyssey” has grossed $1.35B worldwide, surpassing “Deadpool & Wolverine” as the highest-grossing R-rated movie ever. Source: Variety.

• Hyundai union stages full strike: Hyundai Motor’s (KRX:005380) South Korean union is staging its first full strike in a decade, with 40K workers seeking higher bonuses, a higher retirement age, and protections from AI and automation. Source: Reuters.
• Chinese robot firm eyes IPO: AiMOGA, the robotics unit of Chinese auto giant Chery (HKG:9973), is preparing for an IPO to fund robotics expansion. The firm targets 10K global robot deliveries next year. Source: Reuters.
• Binance faces legal scrutiny: 2 Binance employees were detained and later released in the U.A.E. amid police inquiries into possible financial crimes. Source: NY Times.

• Economic metric suggests growth: The U.S. Leading Economic Index rose 0.2% in July, while its 6-month growth rate turned positive for the first time in 4 years. The turnaround points to moderate economic expansion led by AI investment. Source: WSJ.
• NYC leapfrogs SF with tech talent: New York has surpassed San Francisco as North America’s largest tech market, with 394K jobs. AI roles now represent nearly 1/3 of U.S. tech job listings. Source: CNBC.
• U.K. posts surprise deficit: Britain recorded a $2.5B July budget deficit vs. expectations for balance, as higher benefit and public-service spending offset record self-assessed income tax receipts. Source: Reuters.
• Japanese inflation hits 2026 high: Japan’s headline inflation rose to 1.9% in July as energy and food costs climbed, hitting its highest level so far this year. Source: CNBC.

• Trump accelerates space launches: President Trump signed a memo meant to expedite space launches, targeting 1K launches and re-entries annually by 2030. Source: Reuters.
• Progressive wins House seat: Democrat Aisha Wahab won a special election in California, becoming the first Afghan American in Congress. She bested another Democrat propped up by a pro-Israel lobbying group. Source: Reuters.
• Alaska plane crash kills 8: A Cessna (TXT) plane whose passengers worked at a remote U.S. military radar site in western Alaska crashed, killing all on board. The cause is under investigation. Source: AP.

• 9:45 AM: S&P Global Manufacturing, Services, & Composite PMI Flash

Ross Stores (ROST) has released its quarterly earnings.

• Revenue of $6.27B (+13.31% YoY) beats by $284.19M.
• EPS of $2.66 (+70.51% YoY) beats by $0.84.
• Financials · As Reported · Metrics · Press Release

Ubiquiti (UI) has released its quarterly earnings.

• Revenue of $937.32M (+23.47% YoY) beats by $90.37M.
• EPS of $4.73 (+33.62% YoY) beats by $0.77.
• Financials · As Reported · Metrics · Press Release

KE Holdings (BEKE) has released its quarterly earnings.

• Revenue of $3.62B (-0.39% YoY) beats by $107M.
• EPS of $0.42 (+90.91% YoY) beats by $0.14.
• Financials · As Reported · Metrics · Press Release

BJ's Wholesale Club Holdings (BJ) has released its quarterly earnings.

• Revenue of $6.23B (+15.74% YoY) beats by $511.79M.
• EPS of $1.36 (+19.30% YoY) beats by $0.17.
• Financials · As Reported · Metrics · Press Release

Atour Lifestyle Holdings (ATAT) has released its quarterly earnings.

• Revenue of $514.41M (+49.28% YoY) beats by $30.72M.
• EPS of $0.60 (+42.86% YoY) beats by $0.03.
• Financials · As Reported · Metrics · Press Release

OSI Systems (OSIS) has released its quarterly earnings.

• Revenue of $484.06M (-4.14% YoY) misses by $45.35M.
• EPS of $3.78 (+16.67% YoY) beats by $0.01.
• Financials · As Reported · Metrics · Press Release

Trip.com Group (TCOM) will report Monday after market close.

• Analysts estimate revenue of $2.29B (+10.36% YoY).
• EPS is estimated to be $0.91 (-9.90% YoY).
• Financials · As Reported · Metrics

Intuit (INTU) will report Tuesday.

• Analysts estimate revenue of $4.27B (+11.44% YoY).
• EPS is estimated to be $3.30 (+20.00% YoY).
• Financials · As Reported · Metrics

HEICO (HEI) will report Tuesday.

• Analysts estimate revenue of $1.34B (+17.17% YoY).
• EPS is estimated to be $1.51 (+19.84% YoY).
• Financials · As Reported · Metrics

HEICO (HEI.A) will report Tuesday.

• Analysts estimate revenue of $1.34B (+17.17% YoY).
• EPS is estimated to be $1.51 (+19.84% YoY).
• Financials · As Reported · Metrics

Gold Fields (GFI) will report Tuesday.

• Analysts estimate revenue of $580M (-83.32% YoY).
• EPS is estimated to be $1.19 (+6.25% YoY).
• Financials · As Reported · Metrics

Zoom Video (ZM) will report Tuesday.

• Analysts estimate revenue of $1.27B (+4.28% YoY).
• EPS is estimated to be $1.38 (-9.80% YoY).
• Financials · As Reported · Metrics

NVIDIA (NVDA) will report Wednesday.

• Analysts estimate revenue of $91.91B (+96.63% YoY).
• EPS is estimated to be $2.07 (+99.04% YoY).
• Financials · As Reported · Metrics

Synopsys (SNPS) will report Wednesday.

• Analysts estimate revenue of $2.44B (+40.26% YoY).
• EPS is estimated to be $3.47 (+2.36% YoY).
• Financials · As Reported · Metrics

Agilent Technologies (A) will report Wednesday.

• Analysts estimate revenue of $1.84B (+5.94% YoY).
• EPS is estimated to be $1.48 (+8.03% YoY).
• Financials · As Reported · Metrics

Veeva Systems (VEEV) will report Wednesday.

• Analysts estimate revenue of $905.02M (+14.69% YoY).
• EPS is estimated to be $2.10 (+5.53% YoY).
• Financials · As Reported · Metrics

Everpure (P) will report Wednesday.

• Analysts estimate revenue of $1.10B (+27.71% YoY).
• EPS is estimated to be $0.50 (+16.28% YoY).
• Financials · As Reported · Metrics

Williams-Sonoma (WSM) will report Wednesday.

• Analysts estimate revenue of $1.92B (+4.29% YoY).
• EPS is estimated to be $2.03 (+1.50% YoY).
• Financials · As Reported · Metrics

Autodesk (ADSK) will report Thursday.

• Analysts estimate revenue of $2.01B (+14.06% YoY).
• EPS is estimated to be $2.96 (+12.98% YoY).
• Financials · As Reported · Metrics

Workday (WDAY) will report Thursday.

• Analysts estimate revenue of $2.63B (+12.19% YoY).
• EPS is estimated to be $2.34 (+5.88% YoY).
• Financials · As Reported · Metrics

Royal Bank of Canada (RY) will report Thursday.

• Analysts estimate revenue of $12.90B (+4.35% YoY).
• EPS is estimated to be $2.89 (+3.58% YoY).
• Financials · As Reported · Metrics

• Confirmed today: First Breach Inc. (FBDT), an ammunition manufacturer with $384K in TTM revenue and -50.4% revenue growth YoY.