The AI trade is getting easier to measure. Microsoft is giving investors a clearer look at the economics of Azure, while Broadcom’s latest forecast shows just how large the custom-chip opportunity could become. Outside tech, Uber’s restructuring is another sign that companies are making harder choices about where to spend as automation moves closer to the core business.
Top Picks (Sponsored)
Only a tiny percentage of stocks meet the criteria for this report.
Analysts have released a new edition highlighting seven names selected using multiple indicators.
Recent picks have delivered notable short-term gains, though results can vary.
The latest report is now available for a limited time.
Download the free report today.
*This free resource is being sent by Zacks. We identify investment resources you may choose to use in making your own decisions. Use of this resource is subject to the Zacks Terms of Service.
*Past performance is no guarantee of future results. Investing involves risk. This material does not constitute investment, legal, accounting, or tax advice. Zacks Investment Research is not a licensed dealer, broker, or investment adviser.
Futures at a Glance📈
Futures are mixed as easing Treasury yields give stocks some breathing room. Traders are watching Fed signals closely alongside jobless claims and services data, with Friday’s jobs report looming as the next big test for rate expectations.
Want to make sure you never miss a pre-market alert?
Elite Trade Club now offers text alerts — so you get trending stocks and market-moving news sent straight to your phone before the bell.
Email’s great. Texts are faster.
You’ll be first in line when the market starts moving.
What to Watch
Earnings (Premarket):
· Ciena Corporation [CIEN]
· The Toro Company [TTC]
· The Campbell's Company [CPB]
Earnings (Aftermarket):
· Zscaler, Inc. [ZS]
· Samsara Inc. [IOT]
· Guidewire Software, Inc. [GWRE]
· lululemon athletica inc. [LULU]
· DocuSign, Inc. [DOCU]
· UiPath, Inc. [PATH]
Economic Reports:
· U.S. trade balance (July): 8:30 am
· Weekly jobless claims: 8:30 am
· Fed Governor Christopher Waller interview: 8:30 am
· U.S. services PMI (August): 9:45 am
· ISM services PMI (August): 10:00 am
· Cleveland Fed President Beth Hammack and Chicago Fed President Austan Goolsbee remarks: 3:00 pm
Elite Trade Club Insider
A Tech Founder Sold $21.4 Million, While A CEO Bought $903,000 Into A 38% Drawdown
You’re looking at one software company riding the AI chip-design boom and one power producer positioned directly in the data-center electricity buildout. Elite Trade Club Insider readers are seeing what the raw insider screen misses: a founder sold $21.4 million, but every share came from expiring options, while another CEO voluntarily put more than $900,000 into a stock sitting almost 40% below its yearly high.
You’re reading the free version. Here’s what we held back.
Every day, insiders and institutions move millions before the market catches on. We surface the data behind those moves before the rest of the market sees it.
A subscription gets you:
The insider buys, options bets, and dark pool moves the free edition can't show you. Unlocked every weekday.
A Sunday Deep Dive that tells you where to look before Monday's bell rings.
The Friday Smart Money Brief: who bought, who sold, where the big options bets landed, and where institutions are hiding volume. Three data layers. One email.
A Monthly Insider Scorecard so you always know whether smart money is buying or selling the market.
Every past Insider edition, unlocked, on elitetrade.club. Go back and see what you missed.
$25/mo or $250/yr. 30-day money back guarantee. Cancel anytime. Founding member pricing: lock in $25/mo before we raise it.
Market Pulse
Hiring Cools Ahead of Friday’s Big Test
U.S. private employers added fewer workers than expected in August, with ADP reporting just 38,000 new jobs as manufacturing and professional-services payrolls declined. Layoffs remain relatively low, but the slow-hire environment puts even more weight on Friday’s official employment report as the Fed weighs whether the economy can handle another rate increase.
The Bond Market Finally Gets Some Relief
Global stocks and bonds rebounded as Treasury yields retreated from recent highs, giving markets some breathing room after a bruising start to September. The relief does not settle the rate debate, with investors still waiting on payrolls and fresh Fed commentary to determine whether September brings another increase.
Cloud & AI
Snowflake Finally Turns AI Into Faster Growth
Snowflake raised its full-year product-revenue forecast after quarterly product sales climbed 37%, with management saying AI products accounted for roughly half of the recent acceleration. Adoption of its coding assistant and enterprise chatbot is also spreading quickly, giving Snowflake evidence that AI is adding to its core data business rather than simply cannibalizing existing workloads.
Microsoft Finally Shows Investors How Big Azure Really Is
Microsoft disclosed Azure revenue for the first time, revealing $29.4 billion of quarterly sales and more than $100 billion for its latest fiscal year. The company is also reorganizing its financial reporting around two businesses, including a new “Agents and Infra” segment, making it easier to see how deeply AI is reshaping Microsoft’s cloud and software operations.
Chips & Infrastructure
Broadcom Raises Its AI Chip Forecast to $115 Billion
Broadcom now expects fiscal 2027 AI-chip revenue of roughly $115 billion, up from more than $100 billion previously, before potentially doubling again to around $230 billion the following year. AI-chip sales already more than tripled last quarter, while committed infrastructure from customers including Anthropic, OpenAI, and Meta gives Broadcom unusually strong visibility into future demand.
Solvay Finds an Unexpected Way Into the AI Supply Chain
Belgian chemicals group Solvay will more than double its Taiwan capacity for ultra-pure hydrogen peroxide by year-end as semiconductor manufacturers expand advanced production. The chemical is critical for cleaning wafers during chipmaking, putting another overlooked supplier directly in the path of Taiwan’s AI-driven semiconductor expansion.
Hidden Tax Breaks (Sponsored)
Capital gains taxes may quietly reduce more of your investment returns than you realize.
But the tax code includes several strategies that may help reduce that bill.
Three often-overlooked areas include investment-related expenses, cost basis adjustments, and real estate selling costs.
When structured correctly, these deductions may help minimize taxable gains.
Because the rules can be complex, many investors work with fiduciary financial advisors to plan tax-efficient strategies.
Use SmartAsset’s free tool to find vetted financial advisors serving your area.
Consumer & Mobility
Uber Cuts 10% of Its Workforce as Robotaxis Get Closer
Uber is eliminating roughly 3,300 jobs in its largest round of layoffs since the pandemic as management strips out organizational layers and redirects spending toward growth. The company plans to invest more than $10 billion in autonomous-vehicle technology, underscoring how seriously it is taking the threat and opportunity created by robotaxis.
Jack Daniel’s Runs Into a More Cautious Consumer
Brown-Forman warned that weak alcohol demand is likely to persist across major developed markets as budget-conscious consumers cut discretionary purchases. The company kept its annual targets and beat profit expectations, while 20% growth in ready-to-drink products offered one bright spot as traditional whiskey sales remained flat and tequila declined.
Security & Healthcare
Thoma Bravo Circles Another $5 Billion Cybersecurity Deal
Thoma Bravo-owned Proofpoint is in talks to acquire Varonis Systems, which carries a market value of roughly $5 billion. Combining Proofpoint’s cyberattack defenses with Varonis’ cloud data classification and access-management tools could create a broader security platform just as AI makes protecting sensitive corporate information more complicated.
GSK Goes Shopping in China for Its Next Cancer Drug
GSK agreed to pay HUTCHMED $110 million upfront for rights to an experimental treatment targeting solid tumors. The agreement adds another asset to GSK’s oncology pipeline while highlighting the growing role Chinese biotech companies are playing as sources of new drugs for global pharmaceutical groups.
Poll: Which earnings metric is most frequently cited by management teams specifically because it's easy to manipulate or massage?
- Adjusted EBITDA — "adjusted" is doing the work of hiding capex, SBC, and restructuring charges that never stop recurring
- Non-GAAP EPS — stock-based comp is a real cost paid with dilution, and stripping it out is a fiction
- "Organic growth" — the definition shifts based on what acquisitions they want to include or exclude in any given quarter
- Net Revenue Retention — the cohort selection and timing can make a customer base look far stickier than it actually is
Movers and Shakers
Netskope [NTSK]: Premarket Move: +12%
Netskope surged after second-quarter results topped Wall Street expectations as demand for its cloud and AI security products remained strong. Revenue jumped 29% to $220.5 million, while annual recurring revenue climbed 27% to $899 million, giving traders fresh evidence that the cybersecurity company is gaining traction as businesses ramp up AI adoption.
Argan [AGX]: Premarket Move: +10%
Argan jumped after record second-quarter results easily cleared Wall Street expectations. Revenue surged 61.5% to $384 million and EPS reached $3.76 versus $2.66 expected, while a roughly $2.5 billion project backlog highlighted continued demand for the company’s power and infrastructure construction services.
NetApp [NTAP]: Premarket Move: −8%
NetApp slid despite beating quarterly earnings and revenue expectations and raising its full-year outlook. Revenue rose 30% to a record $2.03 billion, but operating cash flow fell 25% and free cash flow dropped 35%, shifting attention away from the headline beat and toward weaker underlying cash generation.
Protect Purchasing Power (Sponsored)
When the U.S. left the gold standard in 1971, the rules of money changed almost overnight.
Today, with inflation concerns, heavy central-bank gold buying, and questions around the dollar, some investors are taking another look at physical gold for retirement diversification.
This free guide explains the history, the risks, and how eligible retirement funds may be used for gold without triggering an immediate taxable distribution.
See How Retirement Investors Are Adding Physical Gold Before the Next Big Shift
Everything Else
🚀 SpaceX is eyeing a $1.5 trillion IPO that would be 58X bigger than any offering in history and apparently you do not have to wait for Wall Street to get a piece of it.
🧻 Kimberly-Clark’s proposed $40 billion Kenvue deal won approval from Australian regulators, provided it divests the Carefree and Stayfree brands in the country.
🥃 Brown-Forman kept its annual outlook after quarterly profit narrowly beat expectations, even as weaker alcohol demand continued to pressure sales.
🫀 Medtronic raised its 2027 forecasts after strong cardiovascular-device demand helped quarterly revenue and earnings top expectations.
📱 Elliott Investment Management has built a Deutsche Telekom stake and is reportedly pushing the telecom giant to favor larger buybacks over a potential T-Mobile US merger.
🏠 Berkshire Hathaway CEO Greg Abel outlined new growth opportunities while discussing the conglomerate’s investments in Alphabet, housing and its Japanese holdings.
You Read This Far. Here's Where the Real Work Lives.
We run three live portfolios on Autopilot, and everything about them is public: every position, every allocation, every trade, visible the moment it happens.
We keep our own money in each one, because analysis you won't fund yourself is just content.
THE UNBREAKABLE STACK
Our growth book: durable software and cybersecurity names built to compound quietly for years.
THE HORMUZ PREMIUM
Our energy thesis: built for how that sector actually pays, over quarters, not headlines.
THE SQUEEZE
The defensive sleeve: staples and steady compounders, boring on purpose, built for the nights you'd rather sleep than watch futures.
And here's the part that makes it effortless: Autopilot does the trading for you. Connect the brokerage you already use (Robinhood, Schwab, Fidelity, and more) and every move we make gets mirrored in your own account automatically.
Your money never leaves your brokerage. It stays in your account, under your control, and you can override any trade or disconnect anytime. Autopilot even rebalances automatically when allocations drift, and you get a notification every time something happens.
No watching tickers. No timing entries. No fat-finger mistakes at market open. You pick the portfolio, we do the work, your account follows along.
Pick the one that fits your risk level, or run all three:
Live portfolios, real positions, our own capital at stake. Your funds stay in your own brokerage account. Past performance doesn't guarantee future results.
That’s all for today. Thank you for reading. If you have any feedback, please reply to this email.
Best Regards,
— Adam Garcia
Elite Trade Club
Click here to get our daily newsletter straight to your cell for free.
P.S. Just like this newsletter, it's 100% free*, and you can stop at any time by replying STOP.
