August 9, 2026
ποΈ MRKTcap
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π₯³ Happy Sunday.
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In this newsletter we're diving into:
π’οΈ A canceled war attack that already flipped oil prices
π Two drug giants in talks over one of the biggest mergers ever
π Why a lending giant just had its worst trading day ever
Plus, an energy drink founder just declared war on the company he used to sit on the shelf next to.
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Make yourself comfy ποΈ and let's get into it...
Market Crowdβ
βHow the market did this week.
Dow
54,036.93
+1551.90
+2.96%
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S&P
7,757.64
+267.92
+3.58%
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Nasdaq
26,690.62
+1316.77
+5.19%
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*As of market close on Friday, August 7th.
Pre-Market Playβ
βA market beat to start your week.
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| Ain't It Funny |
| Jennifer Lopez |
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0:44
3:45
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ποΈ Toupee Fiasco's sudden change of heart...
And Iran's already side-eyeing it.
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Toupee Fiasco (Trump) called off a planned attack on Iran, saying heβd reached the outline of a deal with Tehran and its neighbors.
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The big ask is a full reopening of the Strait of Hormuz, the lane for a fifth of world oil, and an end to Iranβs nuclear threat.
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Iran wasnβt here for it.
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Its Fars News Agency called the terms a βwish list,β and Iranβs defense minister backed that up, calling it psychological warfare while admitting theyβre taking it seriously.
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Turns out that wasnβt just talk.
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A week later, thereβs still no deal. Iran and Oman say a shipping-route framework is close, but Iranβs security chief says the Strait doesnβt fully reopen until the U.S. pays for war damage and unfreezes Iranβs assets.
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Then a Houthi missile hit a Saudi oil tanker, and oil prices snapped right back up after sliding on peace hopes.
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This war has broken more ceasefires than itβs kept.
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Not a great track record.
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It started February 28, and U.S. strikes on Revolutionary Guard targets brought Iranβs missile attacks on U.S. bases in Kuwait and Bahrain right back.
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Same movie, different weekend.
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WTIβs trading near $78 a barrel and Brentβs near $83, both still down from pre-war highs but whipsawing every time the deal talk shifts.
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Exxon (XOM) and Chevron (CVX) banked big profits off higher oil prices.
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Reopen Hormuz for good, and that boost flips against them.
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π₯‘ The Takeaway: Watch WTI (near $78) and Brent (near $83). Iran says the Strait stays shut until the U.S. meets its demands, so oil keeps whipsawing until a real deal closes, not just a framework.
π AstraZeneca's answer to a rough month...
And it doesn't come cheap.
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AstraZeneca (AZN) is reportedly in early talks to buy Bristol Myers Squibb (BMY), and the price tag being thrown around is roughly $400 billion.
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That would make it one of the biggest pharma buyouts ever.
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The timing isn't random.
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AZN's stock just had its worst day since Covid after its heart drug trial missed its main target last month, and investors started asking hard questions about what else the company has in the works.
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Buying BMY's cancer drug lineup answers that with a checkbook instead of a press release.
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Nothing's signed.
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This is the Financial Times reporting talks, not a done deal, and deals this size take months to firm up, if they firm up at all.
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Still, the market doesn't wait for ink to dry.
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BMY jumped on buyout hope, AZN dipped because someone has to foot the bill, and the rest of the drug sector starts running the math on who's next.
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AZN's finance chief has already gone on record saying they're confident about hitting an $80 billion sales target by 2030.
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A deal like this would be one very expensive way to get there.
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π₯‘ The Takeaway: Watch AZN and BMY for the next headline confirming or killing the talks, because a $400 billion deal like this either answers AZN's critics or falls apart and leaves those questions hanging.
π The Suns owner just got dunked on...
And this time it's his mortgage company taking the L.
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UWM Holdings (UWMC), the biggest mortgage lender in the country, fell 40% in a single day.
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The company just suspended its dividend and brought in $2.05 billion from outside investors to help steady its finances.
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CEO Mat Ishbia called it "decisive action to make UWM stronger."
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Decisive is one word for it.
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Here's where the money actually came from...
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Oaktree Capital Management put in part of it, and the rest came from a new firm set up by Ishbia's family, who also own the NBA's Phoenix Suns.
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UWMC is now down about 85% from the high it hit back in September 2025.
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Zoom out, and it's bigger than one company...
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Mortgage lenders everywhere are stuck in one of the roughest stretches in years.
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Treasury yields, the interest rates the government pays to borrow money, have been climbing on bets the Fed keeps rates higher for longer, which drags mortgage rates up, keeping buyers on the sidelines.
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Here's why the money got tight...
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What UWM has left after covering what it owes dropped to about $1 billion this quarter, down from $1.6 billion three months earlier.
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The company lost $451.9 million on $888 million of revenue that quarter.
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Not exactly a comeback season.
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A year earlier, UWM made $314.5 million in profit, and just one quarter before that, it made $170.4 million.
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π₯‘ The Takeaway: Watch whether UWMC can find a floor after this 85% drop, because another quarter like Q2 would test even a family willing to bail out its own company.
π« TMYK
βA quick pop quiz to help you learn about the market. The more you know!β
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A specific event that triggers a significant move in a stock is called a ______.
Click your answer below:
a.) circuit breaker
b.) catalyst
c.) correction
Gimme some mo'
βMore news from 'round the market.
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π§Ύ Palantir's receipts silence the doubters
Palantir (PLTR) posted a 93% revenue jump and a 12% stock pop after Q2 earnings blew past estimates see the numbers that shut everyone up β
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βπ Novo raises the bar, still tanks
Novo Nordisk (NVO) told investors to expect a better 2026 and the stock dropped more than 5% anyway, right before Wednesday's earnings report see what's really going on β
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βπ Airbnb beats and raises the bar
Airbnb (ABNB) topped Wall Street on both earnings and revenue, then told investors next quarter will be even bigger and one region's carrying the load β
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ββοΈ Boeing's decade-long wait ends
The FAA finally certified Boeing's (BA) 737 Max 7 to fly, nearly ten years after Southwest and other airlines expected to have it in the air here's what took so long β
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βπ AMD aced it, still fell
Advanced Micro Devices (AMD) beat on revenue and profit with Data Center sales more than doubling, but Wall Street sold the stock anyway here's the number that spooked them β
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βπ₯€ Rockstar's founder wants revenge
After selling Rockstar to Pepsi for $4 billion, Russ Savage just bought 4.7% of Celsius and is demanding the CEO get fired and the shelf-space warning is brutal β
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βπ Economy quietly got laid off
The U.S. lost 23,000 jobs in July when Wall Street expected a gain, and stocks popped anyway because it makes a Fed rate hike less likely see why bad news is good news β
π€³πΎ Let me check my palm pilot
βEarnings events on deck this coming week.
Monday 8/10: Hims & Hers Health, Inc. (HIMS), monday.com Ltd. (MNDY), Rocket Lab USA, Inc. (RKLB), Simon Property Group, Inc. (SPG)
Tuesday 8/11: Aramark (ARMK), Cardinal Health, Inc. (CAH), CAVA Group, Inc. (CAVA), CoreWeave, Inc. (CRWV), H&R Block, Inc. (HRB), On Holding AG (ONON), Super Micro Computer, Inc. (SMCI)
Wednesday 8/12: Amcor plc (AMCR), Cisco Systems, Inc. (CSCO), Coherent Corp. (COHR), Global-e Online Ltd. (GLBE), Nebius Group N.V. (NBIS), Pan American Silver Corp. (PAAS), Performance Food Group Company (PFGC), Trimble Inc. (TRMB)
Thursday 8/13: Applied Materials, Inc. (AMAT), JD.com, Inc. (JD), Tapestry, Inc. (TPR), YETI Holdings, Inc. (YETI)
Friday 8/14: None
What's earnings?
Market Outlook
βA look at how the market does historically over the next week.
Dow
Up 10 out of 15 years
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S&P
Up 10 out of 15 years
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Nasdaq
Up 9 out of 15 years
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Data provided by Swingset.
Trend of the Week
Dicks Sporting Goods Inc (DKS) has a trend of going up over the next week.
Itβs gone up 13 out of the last 15 years moving an average of +4.51% and projected to repeat this move August 7th - 14th.
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Dicks Sporting Goods Inc (DKS)
As of Aug 7, 2026 Β· π Earnings Aug 27, 2026
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$198.62 |
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Trend Type
1 Week Up
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Recurrence
13 / 15
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Avg Change
+4.51%
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Trend History YEAR Β· CHANGE
| 2011 |
+10.25% |
| 2012 |
-5.19% |
| 2013 |
+0.25% |
| 2014 |
+2.65% |
| 2015 |
+0.68% |
| 2016 |
+2.18% |
| 2017 |
-27.48% |
| 2018 |
+6.31% |
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| 2019 |
+0.28% |
| 2020 |
+1.27% |
| 2021 |
+4.61% |
| 2022 |
+15.04% |
| 2023 |
+0.83% |
| 2024 |
+9.83% |
| 2025 |
+6.03% |
| 2026 |
Aug 7 β Aug 14 |
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To wealth in every sense of the word,
Tela Holcomb
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Copyright Simply Put
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This newsletter is by no means a solicitation to buy or sell any of the above-mentioned securities. It is for educational and entertainment purposes only. Any views expressed here do not necessarily reflect the views of any affiliate. Expressions of opinion are as of this date, are solely that of the writer and are subject to change without notice. All investments involve risk including the loss of principal and past performance does not guarantee future results. Always do your own research and due diligence. This newsletter may contain affiliate links and we may receive commissions, at no cost to you, for purchases made through links in this email. The MRKTcap team often invests in the same stocks that we cover.
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