A fast-moving chipmaker is clawing its way back to relevance with new leadership, a European automaker is skidding on soft China sales despite a morning bounce, and a budget-friendly retailer is earning Wall Street's trust again. Here's what traders are watching today.

Q2 Stock Picks (Sponsored)
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Futures 📈


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What to Watch
Earnings:
Penguin Solutions Inc. [PENG]: Aftermarket
Kura Sushi USA Inc. [KRUS]: Aftermarket
Aehr Test Systems [AEHR]: Aftermarket
Saratoga Investment Corp. [SAR]: Aftermarket
Economic Reports:
NFIB Optimism Index [June]: 6:00 am
Consumer Credit [May]: 3:00 pm

Steady Performers (Sponsored)
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Semiconductors
Wolfspeed Extends Rally 17% on New CFO Appointment

Wolfspeed (NYSE: WOLF) jumped another 17% in early Tuesday trading, extending Monday’s 96% surge, as investor optimism surged following the announcement of a new finance chief.
The chipmaker appointed Gregor van Issum as Chief Financial Officer, effective September 1. Van Issum brings decades of experience in the semiconductor space, having held senior finance roles at ams-OSRAM and NXP Semiconductors. He replaces interim CFO Kevin Speirits, who will remain to support the transition.
This marks the second major leadership addition in recent months, following Wolfspeed’s May hiring of David Emerson as Chief Operating Officer.
The company is actively rebuilding its executive team as it pivots toward long-term growth in silicon carbide technologies, a crucial component in electric vehicles and AI-optimized data centers.
Investors appear encouraged by the strategic hires and the potential for operational discipline. Wolfspeed has been under pressure to improve profitability while scaling its manufacturing capabilities, particularly for next-gen power semiconductors.
With silicon carbide demand rising across industries, the leadership shake-up may be exactly what Wolfspeed needs to turn the corner.

Automotive
Porsche Rebounds Despite 28% China Sales Decline

Porsche (ETR: P911) shares rose modestly by 0.5% Tuesday, bouncing back from early losses after the automaker disclosed a sharp 28% year-over-year drop in deliveries to China during the first half of 2025.
The company blamed the weakness on deteriorating conditions in the luxury vehicle segment and intensifying competition in the world’s largest auto market.
China wasn’t the only sore spot. Porsche also reported a 23% decline in domestic deliveries within Germany and an 8% drop across the broader European region. The automaker attributed those results largely to tough comparisons with unusually strong numbers in the same period last year.
In contrast, North America emerged as a bright spot, with deliveries climbing 10%, buoyed by improved product availability and strategic price protection measures designed to offset recent import tariffs.
The update comes at a difficult time for Porsche. The stock has fallen over 27% year-to-date, under pressure from new U.S. tariffs that slapped a 25% duty on imported cars and parts, disproportionately affecting European luxury brands.
Those trade tensions have prompted Porsche and its peers to lean more heavily on policy engagement, with investors now eyeing upcoming EU-U.S. trade talks that could shift the outlook for tariffs and supply chain planning.
Looking ahead, all eyes will be on Porsche’s half-year financial report due July 30, which could offer further clarity on how the company is balancing regional market shifts with macroeconomic headwinds.
With luxury car demand softening in China and Europe, and geopolitical trade dynamics in flux, Porsche’s margin resilience and global pricing strategy will be critical themes going into the back half of the year.

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Retail & Consumer Health
National Vision Rallies on Bullish Analyst Upgrades and Leadership Confidence

National Vision Holdings (EYE) is one of the largest optical retail chains in the United States, operating over 1,300 stores under brands such as America’s Best, Eyeglass World, and Vision Center.
The company offers affordable eye exams, glasses, and contact lenses, and has established a strong value proposition centered on convenience, pricing, and accessibility. It serves both insured and uninsured patients, with a growing emphasis on tele-optometry and digital tools to expand reach.
Shares of National Vision are trading 4% higher in premarket action after Barclays upgraded the stock to Overweight from Equalweight, while lifting its price target from $17 to $30.
The firm identified five major growth drivers, including a broader customer focus, an expanding addressable market, and the strategic use of remote exam technology to enhance optometrist capacity.
The upgrade follows a string of recent bullish moves from major analysts. BofA raised its rating to Buy with a $22 target, citing improved cash flow and stronger fundamentals.
Citi also increased its target to $21, while BMO reiterated its Market Perform stance and raised its target to $19 following constructive talks with company leadership.
Much of the bullishness centers around a new management team led by incoming CEO Alex Wilkes and CFO Chris Laden, who are executing a transformation plan aimed at improving margins and traffic.
Barclays’ inventory checks further supported confidence in margin expansion, while the company’s relatively low exposure to tariffs offers downside protection.
With shares already up more than 120% YTD and now flirting with 52-week highs, the renewed analyst enthusiasm underscores growing confidence in National Vision’s turnaround story ahead of FY2025.

Movers and Shakers

Canadian Solar Inc. [CSIQ] – Last Close: $13.03
Canadian Solar is a global leader in solar module manufacturing and large-scale energy storage projects. With operations in over 20 countries and a robust pipeline, it’s one of the few vertically integrated solar firms outside China with meaningful global market share.
Shares are up over 3% in premarket trading as traders respond to renewed optimism in clean energy names and stabilizing input costs. CSIQ is still down more than 35% over the past year, but signs of a bottom are beginning to emerge alongside improving backlog metrics.
My Take: CSIQ is a high-quality solar name with long-term relevance, though near-term volatility remains. If you’re betting on a global solar rebound, this one’s worth keeping on your radar, especially at a discount.
Clover Health Investments Corp. [CLOV] – Last Close: $2.89
Clover Health operates as a Medicare Advantage insurer with a proprietary AI-driven platform called Clover Assistant, aimed at improving care coordination and reducing costs. Once a SPAC darling, the company has spent the past year reining in costs and narrowing losses.
Shares are up nearly 6% in early trading and over 145% YTD. The recent rally is being fueled by improving sentiment on profitability and the potential for strategic partnerships in the insurtech space.
My Take: CLOV’s turnaround narrative has legs if it can sustain margin improvements and membership growth. It’s still speculative, but it’s back on watchlists after quietly becoming a multi-bagger in 2025.
Amprius Technologies, Inc. [AMPX] – Last Close: $4.94
Amprius develops advanced lithium-ion batteries, including silicon anode technology that offers higher energy density for electric aviation and defense markets. The company claims its platform can outperform traditional lithium cells in weight-sensitive applications.
AMPX is up over 13% in premarket after announcing progress toward scaling its commercial manufacturing facility in Colorado. Investors also appear to be rotating back into next-gen battery names after last week’s EV volatility.
My Take: AMPX has intriguing IP and a real niche in aerospace and defense battery supply. Long-term potential hinges on successful capacity ramp and contract wins. This is a high-risk, high-reward setup.

U.S.-Based Plays (Sponsored)
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A cloud provider set to expand under new policy changes
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The early window on these opportunities may be closing — now’s the time to see what’s coming next.

Everything Else
European stocks rise after German industrial output beats expectations and tech shares lead the charge.
Fast fashion giant Shein files for a Hong Kong IPO, hoping to revive momentum after its London setback.
The S&P 500 forecast gets an upgrade from Goldman Sachs, citing AI gains and resilient consumer demand.
TSMC's Arizona expansion may hit a snag as U.S. chip subsidies appear insufficient to cover soaring costs.
Trump’s trade team reengages with Japan and South Korea as the August 1 tariff deadline approaches.
ExxonMobil warns of lower Q2 profits as oil and gas prices retreat from earlier highs.
Australia's central bank holds interest rates at 4.35%, surprising economists and boosting local equities.
Chinese firms brace for further yuan pressure as Beijing signals tighter currency control ahead of U.S. tariffs.

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
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