HAPPY FRIDAY TO THE STREET.
The Home Run Derby could be headed to Netflix $NFLX ( ▲ 0.66% ) — for the low, low price of $50M per year. After shelling out $320M to produce The Electric State, that almost seems like a reasonable investment. Almost.
🟩 | US stocks surged today following dovish remarks in Federal Reserve Chair Jerome Powell’s final Jackson Hole speech. The DJIA reversed its recent losses to finish the week at a fresh record close.
📈 | One Notable Gainer: Caterpillar $CAT ( ▼ 0.24% ) helped construct that ATH as investors bet lower rates would lift industrial activity.
📉 | One Notable Decliner: Intuit $INTU ( ▲ 0.39% ) sold off after reporting lackluster quarterly revenue, citing slumping Mailchimp performance. As one-time Mailchimp users turned beehiiv maxis, hate to say it, but we get it.
Finally, read to the end for Elon Musk’s latest memeshot…
— Brooks & Cas
Sponsored by Mode Mobile
Apple just secretly added Starlink satellite support to iPhones through iOS 18.3.
One of the biggest potential winners? Mode Mobile.
Mode’s EarnPhone already reaches 50M+ users that have earned over $325M, and that’s before global satellite coverage. With SpaceX eliminating "dead zones" worldwide, Mode's earning technology can now reach billions more in unbanked and rural populations worldwide.
Their global expansion is perfectly timed, and you still have a chance to invest in their pre-IPO offering at just $0.30/share. Final allocations are disappearing quickly.
Mode’s recent 32,481% revenue growth and their newly reserved Nasdaq ticker $MODE puts them one step closer to a potential IPO.
Disclosures: Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur. The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period. Please read the offering circular and related risks at invest.modemobile.com.
STOCK HEATMAPS
S&P 500 Heatmap. Credit: Finviz
All Stock Heatmap. Credit: Finviz
Global ADR snapshot. Credit: Finviz
Market Movers
COINBASE, TESLA, WORKDAY
$COIN ( ▲ 0.81% ) Coinbase Bets on The Rise of AI Payments Fueled By Digital Dollars (Bloomberg)
$TSLA ( ▲ 1.46% ) Tesla Stock Soars. Interest Rates Are What Really Matters. (Barron’s)
$WDAY ( ▼ 0.23% ) Workday beats estimates but CEO warns of challenges in education and government (CNBC)
$ENPH ( ▼ 0.71% ) Enphase upgraded to Hold at Jefferies, sees turning a corner with safe harbor revenues (SeekingAlpha)
$ZM ( ▼ 3.12% ) Zoom Stock Soars as Firm Tops Estimates, Raises Outlook on AI Boom (YF)
OVERHEARD ON THE STREET
CNBC: In his speech, Fed Chair Powell said several factors may justify rate cuts, but stressed policy will proceed cautiously and independently.
Reuters: Trump officially announced the US will take a 10% equity stake in Intel $INTC ( ▼ 0.82% ), tying it to $10B in CHIPS Act grants.
AP: Nvidia $NVDA ( ▲ 1.09% ) CEO Jensen Huang said the company is in talks with the Trump administration about a new B30A chip for China.
Bloomberg: Apple $AAPL ( ▲ 0.95% ) is in early talks with Google $GOOGL ( ▼ 0.65% ) to use its Gemini AI model to power a revamped Siri next year.
WSJ: Retailers like Walmart $WMT ( ▼ 0.02% ), Amazon $AMZN ( ▲ 0.34% ), and TJX $TJX ( ▲ 0.87% ) are gaining market share in the tariff economy by keeping prices low.
Tomorrow's Trade Idea, Today
A BACKDOOR DATA CENTER PLAY
Upgrade, Uptrend
Target Hospitality $TH ( ▼ 0.4% ) makes rooms for workers in oil fields, mines, disaster zones, and more. According to Stifel $SF ( ▲ 0.75% ), its stock is also making room for more growth.
TH jumped following Stifel’s upgrade of the stock from Hold to Buy. The firm also raised its price target to $11, implying around a 22% upside from current prices. Despite Tuesday’s rally, the stock remains down more than 7% YTD.
Stifel’s optimism stems from a newly announced multi-year contract to support the construction and operation of a regional data center campus in the Southwest. While the client and location remain undisclosed, the firm believes the deal positions Target to deliver facility services, workforce housing, and hospitality solutions for one of the fastest-growing segments of the digital economy.
The Digital Infrastructure Boom
Stifel analyst Stephen Gengaro described the stock as a “back door data center play,” noting its ability to potentially provide 5,000 rooms for data center clients in the coming years. Its turnkey model, which covers accommodations, logistics, and food services, fits neatly with the demands of massive infrastructure projects.
With more hyperscale data centers planned nationwide, Target Hospitality is well-positioned to benefit from accelerating demand for specialized housing near these developments. While the scale of the opportunity is difficult to quantify, Gengaro emphasized that the growth runway is large, and the company already has multiple projects in the pipeline.
Diversified Growth Opportunities
Beyond data centers, Target Hospitality’s exposure to oil and gas operations, as well as government contracts, provides stability through varied end markets, the analyst argues.
While short-term headwinds exist — particularly in the government segment — expansion into data center housing could provide a strong new growth engine. By leveraging its expertise in large-scale accommodations, the company is diversifying beyond traditional cyclical sectors into a high-growth, long-term industry trend.
If Stifel is correct, Target Hospitality could be yet another unique way to play the AI data center boom.
Sponsored by Mode Mobile
Apple just secretly added Starlink satellite support to iPhones through iOS 18.3.
One of the biggest potential winners? Mode Mobile.
Mode’s EarnPhone already reaches 50M+ users that have earned over $325M, and that’s before global satellite coverage. With SpaceX eliminating "dead zones" worldwide, Mode's earning technology can now reach billions more in unbanked and rural populations worldwide.
Their global expansion is perfectly timed, and you still have a chance to invest in their pre-IPO offering at just $0.30/share. Final allocations are disappearing quickly.
Mode’s recent 32,481% revenue growth and their newly reserved Nasdaq ticker $MODE puts them one step closer to a potential IPO.
Disclosures: Mode Mobile recently received their ticker reservation with Nasdaq ($MODE), indicating an intent to IPO in the next 24 months. An intent to IPO is no guarantee that an actual IPO will occur. The Deloitte rankings are based on submitted applications and public company database research, with winners selected based on their fiscal-year revenue growth percentage over a three-year period. Please read the offering circular and related risks at invest.modemobile.com.
ON OUR RADAR
Bloomberg: Canada will drop retaliatory tariffs on many US products to ease trade tensions and align policy with the existing North American deal.
CNBC: FBI agents raided former Trump national security advisor John Bolton’s home and DC office as part of a classified records investigation.
Reuters: Trump said he would fire Fed Governor Lisa Cook if she refuses to resign over mortgage allegations, his latest threat to Fed independence.
AP: China issued new rules tightening control of rare earth mining and processing. Here’s what to know.
Fortune: China’s DeepSeek released an updated V3 AI model that rivals GPT-5 on benchmarks, runs on Chinese chips, and is priced to undercut OpenAI.
STREET TWEET
Join @xai and help build a purely AI software company called Macrohard. It’s a tongue-in-cheek name, but the project is very real!
In principle, given that software companies like Microsoft do not themselves manufacture any physical hardware, it should be possible to simulate
— #Elon Musk (#@elonmusk)
11:24 AM • Aug 22, 2025
“Soft” skills are severely undervalued in today’s economy.
Ah, the golden years of the 1990s, when being “micro” and “soft” was the best thing a tech company could be…
THURSDAY’S POLL RESULTS
Are you bullish or bearish on JBS (JBS) over the next 12 months?
▇▇▇▇▇▇ 🐂 Bullish
▇▇▇▇▇▇ 🐻 Bearish
And, in response, you said:
🐂 Bullish — “The meat on the Street says it's time for this stock to get grilled to perfection.”
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