A struggling e-commerce veteran just flipped the script with a surprise profit and 20% premarket pop. After nearly tripling this year, this name is now flashing signs of a turnaround, and momentum traders are taking notice. Find out why investors are watching this setup closely today.
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What to Watch
Premarket Earnings:
Eli Lilly and Company [LLY]
ConocoPhillips [COP]
Brookfield Corporation [BN]
Constellation Energy Corporation [CEG]
Parker-Hannifin Corporation [PH]
Canadian Natural Resources Limited [CNQ]
Aftermarket Earnings:
Gilead Sciences, Inc. [GILD]
Motorola Solutions, Inc. [MSI]
EOG Resources, Inc. [EOG]
Monster Beverage Corporation [MNST]
Flutter Entertainment plc [FLUT]
Economic Reports:
Initial Jobless Claims [Aug. 2]: 8:30 am
U.S. Productivity [Q2]: 8:30 am
U.S. Unit Labor Costs [Q2]: 8:30 am
Wholesale Inventories [June]: 10:00 am
Atlanta Fed President Raphael Bostic Speech: 10:00 am
Consumer Credit [June]: 3:00 pm
In partnership with
Big investors are buying this “unlisted” stock
When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs behind Uber and eBay also backed Pacaso. They made $110M+ in gross profit to date. They even reserved the Nasdaq ticker PCSO. Now, you can join, too.
Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.
Semiconductors
GlobalFoundries Jumps 9% After Earnings Beat and Design Wins
GlobalFoundries [GFS] is trading around 9% higher in premarket action after topping Q2 expectations and delivering strong updates on its design pipeline.
The company posted earnings of $0.42 per share, beating the $0.36 consensus estimate, while revenue came in at $1.69 billion, just ahead of forecasts.
While many chipmakers are guiding cautiously, GlobalFoundries is gaining investor attention by outperforming in high-value segments like automotive and communications. The company secured 200 new design wins in Q2, double the number from the same period last year, and reported healthy sequential and year-over-year growth in wafer shipments.
Despite broad-based weakness across the semiconductor sector this year, GFS has quietly expanded its footprint while maintaining a strong balance sheet. Free cash flow hit $277 million for the quarter, and management reaffirmed plans to expand gross margins to nearly 30% by Q4.
At just over $36 in premarket trading, the stock is still down ~20% year to date and sits well below its 52-week high of $47.69.
That leaves room for a potential re-rating if the company continues executing. Analyst targets range from $38 to $55, and recent price action suggests buyers are starting to reposition.
For long-term investors looking to play the reshoring of semiconductor production and the secular growth in AI, EVs, and industrial connectivity, GlobalFoundries may offer an overlooked but solid value setup.
The beat-and-raise playbook is working, and this bounce could be just the beginning.
Consumer Tech
Groupon Crushes Expectations and Shows Signs of Real Turnaround
Groupon [GRPN] delivered a stunning beat in Q2, reporting adjusted earnings per share of $0.46, well above the expected $0.04 loss, and revenue of $125.7 million, edging past analyst forecasts. Net income came in at $20.3 million, flipping from a loss a year ago.
The result sent shares soaring over 20% in premarket trading and marks the latest in a string of earnings surprises that suggest Groupon’s long-sputtering turnaround is finally gaining traction.
After several years of underperformance and restructuring, the discount deal platform appears to be reaping the benefits of tighter cost control and leaner operations. Subscription-driven initiatives and a renewed focus on high-margin verticals have begun to pay off, particularly as inflation-weary consumers seek value.
Shares are now up nearly 200% year to date, but with a market cap still under $1.5 billion and profitability just beginning to reemerge, the story may be far from over.
Analyst sentiment is gradually improving, with Oppenheimer, Wedbush, and other firms noting the upside potential should management continue to execute.
While Groupon faces competitive pressure from social commerce and broader e-commerce trends, its ability to deliver consistent profitability, even modest, could reignite long-term investor interest.
For now, bulls may see this as an opportunity to re-enter a name that has largely been forgotten by the market but is quietly staging a compelling comeback.
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EdTech
Duolingo Powers Higher on Blowout Earnings and Product Expansion
Duolingo [DUOL] crushed Wall Street expectations in Q2, reporting earnings of $0.91 per share, 56% above consensus, and revenue of $252.3 million, also beating estimates.
The company raised full-year guidance, citing strong user growth, higher average revenue per user, and traction from new verticals like math, music, and chess. Shares jumped by around 28% in premarket trading.
The education tech company, once known solely for its language learning app, is rapidly evolving into a diversified digital learning platform.
With daily active users growing and monetization improving across multiple geographies, Duolingo is demonstrating a compelling blend of growth and scalability.
Even at a rich multiple, bulls argue the premium is justified by Duolingo’s unique brand, loyal user base, and long growth runway. The chess app has outpaced all other new subject launches, and AI integration is helping personalize learning and improve retention.
Despite the rally, shares are still well off their 52-week high, offering an attractive entry point for long-term investors. Analysts have bumped up price targets, and the company’s adjusted EBITDA margin outlook between 28.5%–29% points to growing efficiency.
With cash on hand, no debt, and a strategy that leans into secular trends in mobile-first education, Duolingo appears to be entering a new phase of profitable growth.
If execution continues, this could be a breakout year that redefines the company’s position in the edtech space.
Poll: Which premarket report are you most focused on today?
Movers and Shakers
Tutor Perini [TPC] – Last Close: $47.28
Tutor Perini is a U.S.-based construction firm specializing in civil infrastructure, building projects, and specialty contracting. It’s one of the names to watch as the Biden administration’s infrastructure plan continues to push capital toward public works and large-scale transit development.
Shares are up over 22% in premarket trading after the company delivered a blowout Q2. Adjusted EPS surged 315% year over year, fueled by a 22% rise in revenue and record operating cash flow. A $21.1 billion backlog and an improved net cash position now put Tutor Perini in its strongest financial shape since 2010. Management also raised full-year guidance and sees further upside into 2027 as high-margin projects ramp.
My Take: The technical breakout and net cash story are hard to ignore. This could be a rare under-the-radar infrastructure stock worth accumulating before institutional money catches on.
Aris Water Solutions [ARIS] – Last Close: $19.93
Aris provides sustainable water infrastructure and recycling services for oilfield operations in the Permian Basin. Its assets are mission-critical for E&P companies aiming to reduce water usage and comply with ESG mandates.
The stock is up almost 21% in premarket after Western Midstream announced a $2 billion acquisition of the company, a move expected to close in Q4. The deal enhances Western’s presence in New Mexico and builds a fully integrated produced water network, offering stability through long-term contracts. Shareholders can choose between cash or WES units at a $25/share valuation.
My Take: The market is finally waking up to the value of water logistics in energy infrastructure. With a solid dividend and strategic M&A exit, ARIS may still offer a short-term upside play as the deal approaches closure.
Sunrun [RUN] – Last Close: $9.07
Sunrun is the largest residential solar provider in the U.S., with growing exposure to battery storage and grid services. The company remains a key beneficiary of clean energy legislation and the Inflation Reduction Act.
Shares are up around 19% in premarket trading after the company delivered a massive Q2 earnings beat, posting EPS of $1.07 versus expectations of a loss. JPMorgan followed up by raising its price target to $20, citing strength in storage deployments and improving unit economics. With subscriber additions exceeding forecasts and adjusted metrics pointing to scale efficiencies, bulls see a turnaround forming after a painful year.
My Take: With a forward P/E still deeply discounted and sentiment finally shifting, Sunrun may be primed for a rerating as clean tech rotations resume. Worth a spot on the watchlist for contrarians.
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Everything Else
Airbnb faces pressure as its political engagement grows and investors weigh profit risks.
SoftBank posts a $4.8 billion gain as its AI-fueled Vision Fund returns boost quarterly profit.
Bumble stock slides after a subscriber drop and rising doubts about its AI strategy.
Apple climbs as its U.S. investment pledge helps ease investor concerns over trade tensions.
United Airlines canceled hundreds of flights following a major technical failure that grounded its systems.
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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