A celebrity campaign just sent one retailer’s shares soaring in classic meme-stock fashion. A clinical research giant is gaining ground after a solid earnings beat and expanded buyback. And a pharma supplier raised its full-year outlook as demand for injectable therapies accelerates. Here’s what traders are watching today.

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What to Watch

Earnings:

Premarket:

  • Honeywell International Inc. [HON]: Premarket

  • TotalEnergies SE [TTE]: Premarket

  • Union Pacific Corporation [UNP]: Premarket

  • Blackstone Inc. [BX]: Premarket

  • Ameriprise Financial Services, LLC [AMP]: Premarket

  • Nasdaq, Inc. [NDAQ]: Premarket

  • L3Harris Technologies, Inc. [LHX]: Premarket

  • Keurig Dr Pepper Inc. [KDP]: Premarket

  • Valero Energy Corporation [VLO]: Premarket

  • Lloyds Banking Group Plc [LYG]: Premarket

  • Westinghouse Air Brake Technologies Corporation [WAB]: Premarket

  • Tractor Supply Company [TSCO]: Premarket

  • STMicroelectronics N.V. [STM]: Premarket

  • Dover Corporation [DOV]: Premarket

  • Nokia Corporation [NOK]: Premarket

  • CenterPoint Energy, Inc. [CNP]: Premarket

  • Labcorp Holdings Inc. [LH]: Premarket

  • Dow Inc. [DOW]: Premarket

  • Flex Ltd. [FLEX]: Premarket

  • Teck Resources Ltd [TECK]: Premarket

  • TransUnion [TRU]: Premarket

  • West Pharmaceutical Services, Inc. [WST]: Premarket

  • TechnipFMC plc [FTI]: Premarket

  • Allegion plc [ALLE]: Premarket

  • Pool Corporation [POOL]: Premarket

  • A.O. Smith Corporation [AOS]: Premarket

Aftermarket:

  • Intel Corporation [INTC]: Aftermarket

  • Newmont Corporation [NEM]: Aftermarket

  • Digital Realty Trust, Inc. [DLR]: Aftermarket

  • Deutsche Bank AG [DB]: Aftermarket

  • Edwards Lifesciences Corporation [EW]: Aftermarket

  • VeriSign, Inc. [VRSN]: Aftermarket

  • Weyerhaeuser Company [WY]: Aftermarket

  • Comfort Systems USA, Inc. [FIX]: Aftermarket

  • Deckers Outdoor Corporation [DECK]: Aftermarket

  • Healthpeak Properties, Inc. [DOC]: Aftermarket

  • Gaming and Leisure Properties, Inc. [GLPI]: Aftermarket

  • Kinsale Capital Group, Inc. [KNSL]: Aftermarket

  • Coca-Cola Consolidated, Inc. [COKE]: Aftermarket

  • Ovintiv Inc. [OVV]: Aftermarket

Economic Reports:

  • Initial Jobless Claims [July 19]: 8:30 am

  • S&P Flash U.S. Services PMI [July]: 9:45 am

  • S&P Flash U.S. Manufacturing PMI [July]: 9:45 am

  • New Home Sales [June]: 10:00 am

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Pharmaceuticals

West Pharmaceutical Lifts Full-Year Forecast After Q2 Earnings Beat

West Pharmaceutical Services [WST] is trading sharply higher by 22% premarket after the company reported strong Q2 results and raised its full-year 2025 outlook. Revenue rose 9.2% to $766.5 million, driven by demand for high-value packaging components used in GLP-1 injectable medications and other specialty biologics.

Earnings per share came in at $1.82, up from $1.51 last year, with adjusted EPS reaching $1.84. The company now expects full-year sales between $3.04 billion and $3.06 billion, up from its prior range of $2.945 billion to $2.975 billion.

It also lifted its adjusted EPS forecast to a range of $6.65 to $6.85, citing continued strength in its Westar and NovaChoice product lines.

West’s Proprietary Products segment accounted for 81% of total revenue and grew 10.7% in the quarter. Meanwhile, Contract-Manufactured Products rose 3%, supported by demand for self-injection devices for obesity and diabetes treatments. Analysts have responded positively, with three upward EPS revisions in the last month, and KeyBanc has reiterated an Overweight rating.

The company also declared a Q4 dividend of $0.22 per share and maintained capital spending guidance of $275 million. Following recent leadership changes, including the appointment of Robert McMahon as CFO, West appears to be executing well across both operations and investor relations.

Investors may look to this as a defensive healthcare name with exposure to structural demand trends in obesity treatment. If GLP-1 momentum holds, West could be one of the quieter winners in the pharmaceutical infrastructure sector.

Healthcare Services

ICON plc Tops Estimates, Boosts Outlook With Share Repurchase Plan

ICON plc [ICLR], a global clinical research organization, is climbing 16% in premarket trade after reporting strong Q2 results and raising its full-year guidance. The company posted earnings of $3.26 per share, beating the consensus estimate by $0.07. Revenue rose to $2.02 billion, above analyst expectations of $1.98 billion.

ICON’s net income surged 30.7% year over year to $183 million, despite a modest decline in revenue versus Q2 2024.

The firm attributed the performance to improved cost controls and strong demand for its clinical development services. ICON also announced a $500 million expansion to its share repurchase program, signaling confidence in long-term earnings power.

This follows a quarter of mixed sentiment, with one analyst upgrading estimates and 13 revising downward. However, ICON has now guided full-year revenue to be between $7.85 billion and $8.15 billion, and adjusted EPS to be between $13.00 and $14.00, both above previous forecasts.

The positive reaction reflects a broader shift in investor sentiment toward CROs as pharma and biotech pipelines rebound. ICON’s gross business wins totaled $2.97 billion this quarter, suggesting the company is still gaining share in a competitive market.

Analysts remain cautiously bullish, with a consensus Buy rating, and several firms reaffirm their price targets of $350–$380. Technical momentum is also improving, though some caution that shares may be entering overbought territory.

Investors should watch whether ICON maintains this trend through Q3. With short-term sentiment recovering and a strong repurchase plan in place, the stock may have more room to run, especially if biopharma spending continues to rebound.

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Retail

American Eagle Jumps on Sydney Sweeney Campaign and Meme Stock Buzz

American Eagle Outfitters [AEO] is surging in premarket trading after launching a high-profile campaign featuring actress Sydney Sweeney, reigniting interest among retail investors.

Shares are up over 18% premarket, with volume spiking as the campaign went viral on social media platforms like Reddit and Stocktwits.

The campaign, which features Sweeney modeling American Eagle denim, is being hailed as a bold pop culture moment that could help the struggling brand reconnect with its Gen Z base. The stock initially climbed 6% on Wednesday after the campaign was announced and continued its momentum through Thursday morning.

Investor enthusiasm mirrors earlier meme stock rallies, with 13% of the company’s float currently sold short. This raises the potential for a short squeeze if momentum persists.

While American Eagle’s fundamentals remain challenged, declining mall traffic and increasing digital competition have weighed on its margins; however, this media buzz could provide a short-term catalyst ahead of its next earnings report.

Management has yet to comment on how the campaign will impact sales or guidance, but traders will be closely watching to see if the company capitalizes on this attention. If AEO offers even modest improvements in revenue or margin guidance in its next earnings call, the stock could see sustained upside.

This rally highlights how narrative and virality now play a significantly larger role in retail stocks. Investors chasing momentum may find opportunity here, but they should also brace for volatility once the meme stock fever cools.

Movers and Shakers

MaxLinear, Inc. [MXL] – Last Close: $15.32

MaxLinear designs and manufactures high-performance semiconductors used in broadband, Wi-Fi, and data center interconnect applications. The California-based chipmaker has been working to diversify away from consumer exposure and toward infrastructure markets, such as 5G and cloud networking.

Shares are up over 24% in premarket trading after the company returned to non-GAAP profitability in Q2 and posted an 18% year-over-year revenue increase. Operating expenses dropped sharply, free cash flow turned positive, and forward guidance suggests further margin improvement. MaxLinear expects Q3 revenue between $115–$135 million, supported by a strengthening backlog in data center and Wi-Fi markets.

My Take: MXL has quietly stabilized after a rough patch in 2023 and now appears to be executing a turnaround. With improving financials and product traction in key growth areas, the stock may be underpriced for patient investors.

Tesla Inc. [TSLA] – Last Close: $332.56

Tesla is the world’s leading electric vehicle and autonomous mobility platform, but its stock has been hit hard by political drama and weakening near-term sales. Elon Musk warned of potentially “rough quarters ahead” due to the phaseout of U.S. EV tax credits and increasing Chinese competition.

Shares are down over 6% premarket after Tesla reported a 16% drop in auto revenue and a second straight quarter of declining sales. However, the long-term case remains: Tesla continues to lead in AI-driven robotics, energy storage, and autonomous driving, sectors that could define the next decade of growth.

My Take: Near-term sentiment may stay shaky, but Tesla’s long-range vision still gives it a unique edge. Investors who can stomach the political noise and quarterly volatility might find value building a position during periods of pessimism.

Krispy Kreme Inc. [DNUT] – Last Close: $4.32

Krispy Kreme is one of the most recognizable donut brands in the world, but its stock has cratered over 55% year to date. Despite mounting losses, retail traders have piled in this week, sending shares on a meme-fueled rebound tied to high short interest and brand nostalgia.

The company is up nearly 20% over the past few days, although it's down almost 3% premarket. Krispy Kreme checks several boxes for a classic meme stock: a well-known name, low float, high short interest, and the potential for a turnaround narrative shared on Reddit and Stocktwits. So far, it’s worked.

My Take: DNUT isn’t for the faint of heart, but it could have room to run if sentiment holds. For traders watching options flows and short interest, this remains a high-risk, high-reward play with explosive potential in the short term.

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Everything Else

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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