Rocket Shares Edge Up as Mortgage Rates Hit 3-Week Low
Markets Daniel Marsh

Rocket Shares Edge Up as Mortgage Rates Hit 3-Week Low

Rocket Companies (RKT) edged up 0.8% in premarket trading as mortgage rates dropped to a three-week low, but the company's Q3 revenue outlook remains down 5.8% from Q2.

RKT
Chip Stocks Rally Broadly Ahead of Inflation Data and Applied Materials Earnings
Markets Daniel Marsh

Chip Stocks Rally Broadly Ahead of Inflation Data and Applied Materials Earnings

The PHLX Semiconductor Index surged 3% on Wednesday, with broad participation. Markets now turn to PPI data and Applied Materials' earnings to gauge the AI-led recovery.

AMAT NVDA AVGO LRCX SMH SOXX
Dell Shares Surge as Lenovo's AI Results Signal Robust Server Demand
Technology Sarah Chen

Dell Shares Surge as Lenovo's AI Results Signal Robust Server Demand

Dell (DELL) gains 4% premarket as Lenovo's AI revenue surge confirms strong server demand, with shares trading above the average analyst target.

DELL HPQ
Stellantis Faces Inventory Pressure Despite Police Charger Buzz
Markets Daniel Marsh

Stellantis Faces Inventory Pressure Despite Police Charger Buzz

Stellantis (STLA) saw a surge in Dodge police Charger searches, but a thin 1.8% margin and 93-day inventory keep analysts cautious.

STLA F GM TM
Cerebras Shares Tumble 18% as GAAP-Core Gap Tests Rich Valuation
Earnings James Calloway

Cerebras Shares Tumble 18% as GAAP-Core Gap Tests Rich Valuation

Cerebras (CBRS) shares slid 18% premarket as GAAP Q2 revenue missed estimates, despite core revenue beat. Rich 54x sales valuation leaves little room for accounting discrepancies.

Delta Stock Dips as Atlanta Cancellation Searches Surge; Cost Pressures Mount
Analysis Daniel Marsh

Delta Stock Dips as Atlanta Cancellation Searches Surge; Cost Pressures Mount

Delta Air Lines (DAL) shares slipped 0.53% as Google searches for Atlanta cancellations surged past 50,000, highlighting operational concerns amid strong revenue growth and rising costs.

DAL LUV UAL AAL
Kroger Stock: 137 New Stores Could Offset 60 Closures
Earnings James Calloway

Kroger Stock: 137 New Stores Could Offset 60 Closures

Kroger (KR) may add 137 net new stores via the Giant Eagle acquisition, offsetting 60 closures and expanding its footprint by 5.1%.

KR
Small-Cap Index Notches Record Close Ahead of Key Inflation Data
Markets Daniel Marsh

Small-Cap Index Notches Record Close Ahead of Key Inflation Data

The Russell 2000 closed at an all-time high, extending its 2026 lead over the S&P 500. Thursday's PPI report will test whether easing rate concerns can sustain the small-cap rally.

IWM BAC GS WFC
Markets Mixed as Investors Await Key Inflation Data
Markets Daniel Marsh

Markets Mixed as Investors Await Key Inflation Data

Global markets saw mixed trading as investors awaited key inflation data. Nebius surged 34% on strong Q2 revenue, while several Asian stocks fell on margin concerns.

NBIS COIN GLD SLV USO UNG SPY QQQ
SoFi Surges 8% as Cooling Inflation Eases Rate Fears
Earnings James Calloway

SoFi Surges 8% as Cooling Inflation Eases Rate Fears

SoFi shares climbed 8.14% as softer inflation reduced the likelihood of a September Fed rate hike. The company boosted its 2026 revenue forecast while keeping its profit target unchanged.

SOFI
Nokia Stock Jumps 9% on AI Optical Demand Surge
Markets Daniel Marsh

Nokia Stock Jumps 9% on AI Optical Demand Surge

Nokia ADRs jumped 9.2% after Lumentum's bullish outlook highlighted surging AI optical demand, adding $5B to market value. Order book stands at €2.8B.

LITE
Virgin Galactic Stock Plunges 13% on Flight Delay and Heavy Cash Burn
Markets Daniel Marsh

Virgin Galactic Stock Plunges 13% on Flight Delay and Heavy Cash Burn

Virgin Galactic's stock tumbled 12.8% after hours as the company postponed its first commercial spaceflight to February 2027 and guided for up to $190 million in cash burn.

SPCE