Price Action
Netflix (NFLX) rallied after Bill Ackman’s Pershing Square disclosed a new position following a roughly 50% decline from its 2025 high. The fund points to stronger margins, double-digit revenue growth and expanding advertising revenue as key changes since its 2022 exit.
Business Trends
Wendy’s shares surged after a report that Nelson Peltz’s Trian Partners is preparing a potential take-private bid, shifting investor attention from deteriorating traffic and a costly turnaround toward the possibility of a strategic transaction.
Earnings
CAVA shares surged after strong traffic drove 9% same-restaurant sales growth, while improving recent sales trends eased concerns about the impact of broader food-safety fears on the fast-casual chain.
Earnings
Brinker International shares climbed to a new all-time high as investors looked past a modest fourth-quarter earnings miss and focused on accelerating Chili’s traffic, sustained same-restaurant sales growth and fiscal 2027 guidance that came in above expectations.
Earnings
On Holding delivered strong direct-to-consumer growth and higher margins in Q2, but a revenue miss and reduced full-year sales outlook sent ONON stock sharply lower as wholesale growth lagged expectations.
Business Trends
Archer Aviation and Joby Aviation are pursuing increasingly different paths beyond electric air taxis. Archer’s Boeing deal is driving investor enthusiasm, while Joby’s $500 million Resonant Sciences acquisition deepens its defense exposure as JOBY shares fall.
Innovation & Tech
Meta Platforms is expanding its open AI strategy with Muse Glimmer, a compact model designed to run locally, as CEO Mark Zuckerberg argues that advanced AI should be broadly distributed rather than concentrated among a small number of institutions
Business Trends
Netflix nearly doubled U.S. advertising commitments during its 2026 Upfront, supported by strong demand for its series, films, live sports and 2027 FIFA Women’s World Cup inventory as the company expands its advertising technology and programmatic capabilities.
Innovation & Tech
Intel plans to raise $15 billion through a common-stock offering as it expands manufacturing capacity to meet rising AI compute demand. Shares fell about 4% as investors weighed dilution against the capital needed for Intel’s foundry and manufacturing expansion.
Cryptocurrencies
Bitcoin ETF inflows surged to their strongest level since April while Bitcoin held near $65,000 despite the Coldcard exploit, regulatory delays, and broader security concerns. The combination puts institutional demand and BTC’s key resistance zone back in focus.
Earnings
The Trade Desk shares fell sharply after Q2 revenue missed expectations and its Q3 outlook pointed to a potential 12% revenue decline, as macro pressure, execution issues, lower-cost media alternatives, and weaker spending from major advertiser categories weighed on growth.
Earnings
Wayfair (NYSE:W) exceeded second-quarter expectations as stronger U.S. demand, improving profitability and accelerating customer growth highlighted continued market share gains despite a challenging home furnishings market.