HAPPY TUESDAY TO THE STREET
President Trump disclosed 1,156 trades made on his behalf in July, roughly 37 a day, including sales of up to $25M each in Microsoft (MSFT) and Amazon (AMZN).
The White House insists independent managers run the accounts on autopilot. Autopilot or not, that's a busier trading month than most retail investors see in a year.
🟨 | US stocks were mixed today, but the Nasdaq Composite remained at its record heights, as oil prices slid on mixed signals from US-Iran negotiations.
📈 | One Notable Gainer: On Holding (ONON) jumped after setting new midterm targets and a $1B buyback.
— Brooks & The Street Sheet Team
MARKET SNAPSHOT
S&P 500 Heatmap. Credit: Unusual Whales
Market Movers
LENNAR, SHOPIFY, VICOR
📈 | Vicor (VICR) guided for more than 20% sequential Q3 revenue growth.
📈 | Capri (CPRI) has reportedly been in contact with potential buyers.
📈 | Amgen (AMGN) posted positive Phase 3 results for its Sjögren's disease drug.
Tomorrow's Trade Idea, Today
PRINTING MONEY (LITERALLY)
Stock Spotlight
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Legal Tender Loving Care
Some companies print money figuratively. Crane NXT does it literally.
Jefferies analyst Stephen Volkmann launched coverage with a Buy rating. His pitch: a 150-year-old banknote printing franchise, paired with proprietary authentication tech and advanced manufacturing.
Beyond the Bills
Volkmann sees that mix delivering durable mid-single-digit organic growth.
Crane NXT is no longer just a currency company. Acquisitions over the past three years nearly doubled its total addressable market to about $13B.
The expanded portfolio reaches faster-growing markets like food and beverage and pharma.
Volkmann also sees secular tailwinds from supply chain digitization and emerging market growth, which he believes should widen the stock's appeal.
What's NXT
Wall Street already leans bullish. 6 of 7 analysts covering the stock rate it a Buy or Strong Buy, while just one sits at Hold.
Shares are in the red this year, though they ticked higher in the premarket after the call. Jefferies is betting investors will soon look closer… and find this one is worth more than face value.
Do you own any shares of Crane NXT (CXT)?
OVERHEARD ON THE STREET
🛢️ Iran reportedly offered to reopen the Strait of Hormuz within 7 days if the US eases military pressure.
🧊 The US will reopen a Cold War-era base in Greenland under a new security deal with Denmark.
🍇 About half of California's wine grape crop entered harvest without buyer contracts as wine sales slump.
🚀 SpaceX (SPCX) is winding down Falcon 9, sparking a rocket supply crunch across the space industry.
🎓 Andreessen Horowitz is investing $35M in an unaccredited college alternative for students ages 16 to 22.
MONDAY’S POLL RESULTS
Do you own any shares of Arhaus (ARHS)?
▇▇▇▇▇▇ 🐂 Yup, I’m holding
▇▇▇▇▇▇ 🐻 Nope, not interested
▇▇▇▇▇▇ 👀 No, but I’m interested
And, in response, you said:
🐻 Nope, not interested — “Until the home builders start moving houses, they won't be moving furniture.”
