Ticker Scope

Markets, macro & business. The numbers behind what’s moving.

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$AKAM signed an $11.6B, seven-year cloud deal with Anthropic to support growing AI workloads.

The agreement can expand to about $20B, while Anthropic can gain warrants representing up to roughly 5% of Akamai.

$AKAM closed Friday at $113.94, up 3.2%.

Market read: 🟢 Bullish $AKAM

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$MU reports fiscal Q4 earnings Wednesday after guiding for $50B in revenue and roughly 86% gross margin, with the stock already up about 267% this year.

Micron's last quarter showed just how powerful the AI memory cycle has become, with revenue reaching a record $41.46B. The key test now is whether memory pricing and data-center demand remain strong enough to support another major step higher after such a huge stock run.

Friday close: $1,082.28 | +0.16%

Market read: ⚪ Neutral | catalyst pending

$MU

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$TSLA is expected to report Q3 deliveries on October 2, with Visible Alpha consensus at 454,000 vehicles versus 480,126 delivered in Q2.

UBS is above consensus at 470,000 and says buy-side expectations have moved into a 460,000 to 480,000 range. That raises the stakes around the print, with a number outside that band likely to test how much investors still care about the core auto business versus Tesla's AI, robotaxi and Optimus story.

Friday close: $372.11 | -1.54%

Market read: ⚪ Neutral | catalyst pending

$TSLA

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Fed hike odds are roughly 50/50 heading into a major U.S. data week.

August PCE lands Wednesday, followed by September payrolls Friday. Reuters' economist poll looks for +100,000 jobs and 4.2% unemployment.

With 10-year Treasury yields above 5%, hotter inflation or jobs data could reinforce October hike risk. Softer data could ease some of the pressure on rate-sensitive stocks.

Market read: ⚪ Neutral | catalyst pending

$SPY $QQQ

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$NU is reportedly in early-stage talks to acquire UK digital bank Monzo in a deal that could value it at £8B to £10B, or roughly $10.6B to $13.25B.

A deal would give Nubank an immediate foothold in UK banking and a platform for broader European expansion. Monzo reported £1.7B of revenue and £87.3M of pretax profit in its latest fiscal year, but the potential valuation is well above its £4.5B mark from 2024, making price and financing important variables.

Friday close: $13.59 | +0.22%

Near-term read: 🟡 Mixed $NU
The talks are preliminary, and valuation plus financing uncertainty could create deal-risk volatility.

Long-term read: 🟢 Bullish $NU
A successful acquisition could accelerate Nubank's European expansion through an already profitable, growing digital bank.

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$NVDA may gain a new China sales channel as Beijing reportedly weighs allowing ByteDance and Alibaba to buy RTX PRO 5500 Blackwell workstation GPUs.

The Information says ByteDance is weighing an order of about 1 million units, making the opportunity potentially meaningful if approvals and supply support that volume. Nvidia says it can already ship uncontrolled workstation GPUs to China but remains effectively shut out of the country’s data center compute market, so this could preserve customer and developer ties without reopening its higher-value accelerator business.

Friday close: $225.07 | +0.22%

Near-term read: 🟡 Mixed $NVDA

Long-term read: 🟡 Mixed $NVDA

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Oil heads into Monday with a fresh geopolitical risk after Trump rejected Iran’s proposal to reopen the Strait of Hormuz and halt regional fighting.

Brent fell 2.1% Friday to $104.32 and WTI dropped 2.3% to $92.41 as markets priced in hopes for a truce. That optimism now faces a harder test, although Trump says U.S. negotiators are still expected to hold more talks this week.

The Strait carried roughly 20% of global oil supply before the war, so any real progress toward reopening it would matter for energy prices, inflation expectations and the broader rate outlook.

$USO $SPY

Market read: ⚪ Neutral | catalyst pending

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$UBS has reportedly drawn merger interest from at least eight foreign banks as Switzerland pushes tougher capital rules that UBS says could require roughly $18B of additional capital.

The report makes a foreign combination a more credible strategic option for UBS. A deal could ease some of the pressure created by Switzerland’s proposed capital regime, but would introduce major integration, governance and execution risk as UBS continues absorbing Credit Suisse.

Friday close: $49.67 | +2.5%

Near-term read: 🟢 Bullish $UBS
Long-term read: 🟡 Mixed $UBS

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$AAPL was hit with a $5.7B U.S. jury verdict after jurors found its Taptic Engine infringed two Taction patents used for haptic feedback in iPhones and Apple Watches.

Apple says it does not use Taction's technology and will appeal.

Market read: 🔴 Bearish $AAPL

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U.S. spot Bitcoin ETFs pulled in $2.4B last week, their biggest weekly inflow since October 2025.

That pushed 2026 net ETF flows back into positive territory at about $934M after they were nearly $5.8B negative in mid-July.

Market read: 🟢 Bullish bitcoin:native

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Three market-wide catalysts hit next week:

Tue, 10:00 AM ET: August JOLTS
Wed, 8:30 AM ET: August PCE + Q2 GDP third estimate
Fri, 8:30 AM ET: September jobs report

Inflation and labor data are packed into four days, giving markets plenty to reprice heading into October.

$SPY $QQQ

Market read: ⚪ Neutral | catalyst pending

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@macropaperr The breadth weakness is definitely worth watching, but two historical examples is a pretty tiny sample to jump from “lots of stocks are well off their highs” to “the S&P is about to crash 50%.”
If anything, it shows how concentrated the index has become at the top.

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$BA identified a 737 MAX software issue that can leave pilots without automated flight guidance in a specific landing scenario.

Boeing says a permanent fix is in development. $LUV and $UAL reportedly asked for new MAX deliveries using the earlier software while the FAA reviews the issue.

$BA closed Friday at $198.07 (+0.65%), before the Saturday report.

Market read: 🔴 Bearish $BA

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The Fed hike story isn't over.

Next week:
Tue: August JOLTS
Wed: Q2 GDP (final) + August PCE
Fri: September jobs report

CME FedWatch put the odds of another Fed hike at 66.4% on Friday.

Rates are already at 3.75%-4.00%, so next week's labor and inflation data matters.

$SPY $QQQ