After the bell today, Palantir $PLTR ( ▼ 1.77% ) posted $1B in quarterly revenue for the first time, raised its full-year outlook, and saw commercial US growth nearly double.

In a subsequent letter to shareholders, CEO Alex Karp wrote that skeptics have been “defanged and bent into a kind of submission.”

Guess the Lord of the Rings inspiration goes beyond the name. For a cutting-edge spy tech company, it sure knows how to get medieval.

Finally, read to the end for the most volatile non-meme stock out there…

— Brooks & Cas

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs who backed Uber, Venmo, and eBay also invested in Pacaso.

Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.

And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.

Now, after 41% YoY gross profit growth last year alone, they recently reserved the Nasdaq ticker PCSO.

Invest for $2.90/Share

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

$SPOT ( ▼ 0.65% ) Spotify to raise premium subscription price in select markets from September (Reuters)

$FIG ( ▼ 4.11% ) Figma's stock sinks more than 20% after last week's IPO pop (CNBC)

$JOBY ( ▼ 3.43% ) Joby Aviation to buy Blade Air Mobility’s rideshare business (TechCrunch)

$ON ( ▼ 1.1% ) onsemi plunges on Q2 results despite signs of market 'stabilization' (SeekingAlpha)

$W ( ▲ 0.42% ) Wayfair Stock Jumps on Earnings. Is the Covid-Era Furniture Boom Back? (Barron’s)

CNBC: The EU will delay its planned retaliatory tariffs on the US for six months to allow more time for trade negotiations.

Reuters: Global mergers and acquisitions have reached $2.6T so far in 2025, up 28% from last year.

AP: Thousands of Boeing $BA ( ▼ 1.21% ) workers have gone on strike at three Midwest plants that manufacture fighter jets and weapons.

Bloomberg: Morgan Stanley $MS ( ▲ 0.1% ) and Deutsche Bank $DB ( ▲ 0.08% ) warned the S&P 500 is poised for a near-term drop, given high valuations and weakening data.

WSJ: Tesla $TSLA ( ▲ 1.39% ) awarded Elon Musk a $23.7B stock package to keep him focused on the company for at least two more years.

Crypto’s summer surge may be running out of gas.

After a breakout July for bitcoin and ether, a variety of headwinds are weighing on sentiment, including new tariffs and weak jobs data. At least one industry insider called the blue-chip coins “deceptively active in terms of positioning”, per CNBC reporting.

A downturn for the alternative assets could mean downward pressure on at least traditional asset too: crypto stocks.

Compass Point downgraded crypto leader Coinbase $COIN ( ▲ 1.0% ) to Sell and cut its price target to $248. That implies a 22% downside from today’s close.

Analyst Ed Engel said Q2 earnings confirmed weakening momentum, even in the middle of a crypto bull market. The company’s EPS beat estimates, but revenue fell short — especially on the all-important transaction side.

Engel noted that Coinbase still trades at 44x forward earnings, nearly double the S&P 500 multiple. In a slowing environment, he sees limited room for that valuation to hold up.

Additionally, the analyst warned that August and September tend to bring weak seasonality for crypto in particular.

Meanwhile, with a slew of new meme stocks stealing the spotlight, retail interest in crypto-related equities is fading, according to Engel. Stablecoin competition is another headwind, the analyst added, and transaction revenue could stay soft if trading volumes dry up.

Coinbase is up nearly 24% this year. But looking to the future, Compass Point, for one, is pointing down.

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CNBC: Trump called the latest weak jobs report "rigged" as the White House defended firing the Bureau of Labor Statistics chief.

Bloomberg: The US will increase tariffs on Indian goods in response to India’s continued purchases of Russian oil.

AP: Meanwhile, China rejected US demands to stop purchasing oil from Iran and Russia, calling the move coercive.

WSJ: China is also restricting exports of critical minerals essential to Western defense manufacturing.

Fortune: The Asian nation’s hawkish economic moves may be a long-term move. China’s low birth rates could slow its GDP growth to below 2% by the 2050s.

Are you bullish or bearish on Hesai Group $HSAI ( ▲ 4.03% ) over the next 12 months?

▇▇▇▇▇▇ 🐂 Bullish

▇▇▇▇▇▇ 🐻 Bearish

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