HAPPY MONDAY TO THE STREET.
If your Blue Razz has a bit of extra bite today, it might not be your imagination.
High Noon issued a voluntary recall after some of its canned vodka seltzers were accidentally labeled as Celsius energy drinks. The mislabeled batches went out to eight states.
Might explain why your workout suddenly turned into karaoke.
šØ | US stocks were mixed today after the US Federal Reserve held rates steady yet again at the FOMCās July meeting, despite growing rate cut pressure from the White House.
š | One Notable Gainer: Wingstopās $WING ( ā¼ 3.95% ) stock sprouted wings after a Q2 beat-and-raise from the fast-food chain. Cue the Rick Ross āUGHā adlibs.
š | One Notable Decliner: Novo Nordisk $NVO ( ā² 2.38% ) continued to slide after plummeting yesterday. The Wegovy-maker slashed its guidance on slumping sales for its marquee weight-loss drug.
Finally, read to the end for a new entry in the central bank meme canonā¦
ā 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.
Modeās EarnPhone already reaches 50M+ users that have earned over $325M, and thatās 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.
Modeās recent 32,481% revenue growth and their newly reserved Nasdaq ticker $MODE puts them one step closer to a potential IPO.
STOCK HEATMAPS

S&P 500 Heatmap. Credit: Finviz

All Stock Heatmap. Credit: Finviz

Global ADR snapshot. Credit: Finviz
Market Movers
HARLEY-DAVIDSON, MONDELEZ, HUMANA
$HOG ( ā¼ 1.15% ) Harley-Davidson offloads loans worth $5 bln; tariffs hit second-quarter profit (Reuters)
$MDLZ ( ā¼ 1.18% ) Mondelez falls after profit guidance is impacted by 'unprecedented' cocoa cost inflation (SeekingAlpha)
$HUM ( ā¼ 1.05% ) Has Humana turned the corner? Stock jumps as outlook raised, Medicare business improves (MarketWatch)
$GEHC ( ā¼ 2.06% ) GE HealthCare Stock Falls Despite Earnings Beat. Tariffs Are Creating Confusion. (Barronās)
$SRPT ( ā¼ 3.11% ) FDAās Prasad Exits Following Political Backlash Over Sarepta (Bloomberg)
OVERHEARD ON THE STREET
CNBC: The Fed held interest rates steady despite pressure from President Trump. However, two governors dissented, the first split vote of its kind since 1993.
Reuters: Trump imposed a universal 50% tariff on copper imports, triggering a price plunge for the metal and steep losses for major copper miners.
AP: The tariff developments donāt stop there. Trump also levied a 25% tariff on Indian goods, plus an import penalty on Russian oil purchases.
Fortune: Starbucks $SBUX ( ā¼ 2.58% ) will close or convert up to 90 mobile-only pickup stores by 2026, saying the format felt ātoo transactionalā.
WSJ: The US economy grew at an annualized rate of 3% in Q2 after contracting 0.5% in Q1, but some indicators reflected ongoing uncertainty.
Tomorrow's Trade Idea, Today
QUANTUM MONEY BOMB

Has Quantum Computing Arrived?
Recent breakthroughs in quantum computing have ushered in a new era, per Forbes, with the potential to transform fields as diverse as biotech, genetic sequencing, cybersecurity, energy, banking, and more. McKinsey predicts the addressable market for quantum computers could hit $30 billion in 10 years.
According to Rosenblatt Securities, two quantum computing stocks could see massive upside as the revolution unfolds.
Two Picks to Play the Quantum Boom
Rosenblatt analyst Kevin Garrigan initiated Buy ratings on D-Wave $QBTS ( ā¼ 4.71% ) and IonQ $IONQ ( ā¼ 4.39% ), with price targets of $30 and $70, respectively. That would imply a gain of around 75% for both stocks from todayās closing price.
In his note to clients, Garrigan pointed to D-Waveās energy-efficient quantum technology that could help solve large-scale optimization problems.
Meanwhile, he called IonQ āa pure-play public companyā that has made a series of acquisitions in recent years to boost its capabilities in quantum internet infrastructure.
Wrong Side of the Hype Cycle?
These two stocks might well live up to Garriganās expectations. But anyone considering them should be mindful that D-Wave has soared over 1,800% over the last 12 months, while shares of IonQ are up more than 450% in that time frame.
For companies that have no earnings and scant revenue āĀ D-Wave reported a little more than $21 million in revenue over the last year, while IonQ reported just over $43 million ā multi-billion-dollar valuations may raise eyebrows. These massive runs in share price suggest that the sector, transformative as it may be, is at a dangerous point of the āHype Cycleā popularized by Gartner Research.
Soaring share prices from inflated expectations often give way to disillusionment as investors realize that while the technology may change the world, it wonāt do so tomorrow or next month. This, in turn, can sometimes trigger falling share prices ā which may give far-sighted investors a more attractive entry point.
Which stock do you think will outperform over the next 12 months?
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ON OUR RADAR
CNBC: Trump signed an executive order ending the de minimis exemption, imposing duties on all imports under $800 starting August 29
AP: Trump signed an order imposing 50% tariffs on Brazil, citing the prosecution of former President Bolsonaro.
Bloomberg: China began building a $167B megadam in Tibet, a bet by Xi Jinping to boost economic growth, meet energy demand, and assert strategic control.
CNN: Australia will include YouTube $GOOGL ( ā¼ 1.44% ) in its under-16 social media ban, requiring platforms to verify usersā ages or face fines up to $32M. Speaking ofā¦
The Verge: Online age verification laws are rolling out globally, but early results show technical flaws, privacy risks, and widespread circumvention.
STREET TWEET
FOMC meeting or hostage negotiation?
Markets expected no change, and thatās what they got. If inflation wonāt blink, neither will JPow.
TUESDAYāS POLL RESULTS
Are you bullish or bearish on Berkshire Hathaway $BRK.B ( ā² 0.2% ) over the next 12 months?
āāāāāā š Bullish
āāāāāāĀ š» Bearish
And, in response, you said:
š Bullish āĀ āGood folks in place and just a leadership change. Look at Apple or Google, two companies that prospered after founders stepped down. I have faith in the corporate culture that Warren and Charlie have built.ā
Disclosures: Mode Mobile recently received their ticker reservation with Nasdaq ($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.