iRobot: the "centerpiece" for Apple's new AI strategy is… a tabletop robot that serves as a virtual companion. This new Siri is slated to have a lifelike visual personality, an approach the company code-named "Bubbles" — let's hope it's closer to a talking Wall-E than Microsoft's loathed Clippy. Hopefully Bubbles will at least be able to tell us what month it is. A hotter-than-expected reading of July's producer price index put stocks, and particularly small-caps, on the back foot to start the day. The S&P 500 and Nasdaq 100 managed to bounce back, with the former closing marginally higher and the latter fractionally lower, while the Russell 2000 fell more than 1% on the day.
🧠Trivia time: See how closely you've been paying attention to the news with our weekly Snacks Seven Quiz. Here's a sample question: |
- Which Big Tech CEO mentioned AI the most often on their Q2 earnings call?
Check your answer.
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Retail traders are rewriting the rules of the market. While their influence on "meme" stocks like GME and AMC, and more recently the DORK stocks, have forced institutions to take them more seriously, their impact isn't strictly limited to what's trending on r/WallStreetBets. Retail now accounts for about 20% of total trading volume, compared with less than 15% for hedge funds. In the original GameStop frenzy, traders sought out a stock that was heavily shorted by hedge funds, but in an about-face, now they're forcing institutional investors into trading their favorite stocks. This week, for example, Goldman Sachs strategist John Marshall told clients to buy large-cap stocks with elevated retail activity, like Palantir Technologies and Advanced Micro Devices. Retail traders are also playing a key role in fueling a stock's price movement at a time when every investor's eyes are on them: quarterly earnings. |
- Analysts from JPMorgan have identified the substantial retail activity that's associated with massive earnings reactions (as shown in this chart).
- But it's not always the case that retail is contributing to (or creating) the obvious trend in response to earnings. Sometimes the crowd is buying the dip after a stock nose-dives post-earnings.
- Analysts at Bespoke Investment Group noted that more and more of a stock's overall performance is driven by immediate reactions to earnings, as stocks average a one-day absolute share price change of 7% after reporting.
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Your life is already online. Shouldn't your protection be too? |
The Guild is a fictional property of Activision. This is not an offer to invest. Trademark & Copyright 2025. |
Wall Street tracks earnings. But the world tracks threats. And they're accelerating. The Guild is a new class of defense company: born in classified ops, and now going public with its mission and its ownership. The Guild's IPO opens up decades of classified defense tech to the public. It's not about betting on growth. It's betting against collapse. Because in a world built on code and chaos, peace of mind might be the ultimate dividend. While others scale, we secure. While others mine your data, we defend it. Safety for you and your loved ones is just a subscription away. |
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Look, we've spent a lot of time in Las Vegas, and summer's over 100-degree-in-the-shade days don't make it our favorite time to visit, but something more than a summer slump is happening. Data shows the number of visitors has dropped every single month in 2025, relative to 2024, with June seeing 11% fewer tourists compared to the same time a year before. Vegas has never seen this level of slowdown, with the exception of the pandemic. There are a few reasons some people are putting their money on, such as: |
- Tariffs, inflation, and economic uncertainty are holding back trips.
- Vegas is just too darn expensive now, with everything from parking to food costing high-roller bucks.
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It's not game over for Vegas, where companies like Wynn and MGM are taking a "if you can't beat 'em, join 'em" approach with WynnBET and BetMGM, but those efforts face challenges, too. Meanwhile, we think there's another way that Americans are getting a bit more adventurous with their money: derivatives, especially a kind of option called 0DTE, which we dive into here. |
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- Bank of America's Justin Post said it was a "$90bn revenue opportunity."
- Evercore ISI's Mark Mahaney predicts it will increase "stickiness and customer lifetime value."
- Morgan Stanley's Brian Nowak called groceries "the most important (and largest) remaining bucket of offline US consumer spend."
- JPMorgan's Doug Anmuth thinks Amazon could raise the price of Prime by $20.
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Silicon Valley didn't see this IPO coming. |
The Guild is a fictional property of Activision. This is not an offer to invest. Trademark & Copyright 2025. |
The Guild isn't one of them. It doesn't sell ads. It doesn't mine data. It sells protection to anyone who needs it. From defense contracts to civilian protection, the Guild is changing the world in the way Silicon Valley said it would. |
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Yesterday's Big Daily Movers |
- Intel rallied late in the day after a report emerged that the US may take a stake in the chipmaker
- TeraWulf jumped almost 60% on news of AI hosting deals and Alphabet's 8% stake in the bitcoin mining company
- Bumble dropped after big shareholder Blackstone and founder Wolfe Herd moved to sell a huge chunk of the company
- CoreWeave plunged even further ahead of the company's post-IPO lockup expiry
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- July retail sales
- July industrial production
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Advertiser's disclosures: The Guild is a fictional property of Activision. This is not an offer to invest. Trademark & Copyright 2025. |
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Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate... See more |
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