Oil surged on Hormuz jitters, and our portfolio's tech darlings are feeling the weight of profit-taking

Morning brief: Greed keeps the engines running, but as Atlassian touched the sky, Trade Desk hit an advertising headwind

Published Aug 10, 2026, 8:01 AM EDT

Greed Drives Market Ahead of Earnings

Market sentiment holds at 64 Greed as surging enterprise AI adoption offsets sector weakness before today's after-hours earnings reports.

Atlassian Soars 35.3% on Cloud Growth

Atlassian surged 35.31% after smashing fiscal Q4 expectations with 31% cloud revenue growth and a $250 million insider buyback commitment.

Trade Desk Plunges 21.9% on Q2 Miss

The Trade Desk tumbled 21.90% after missing Q2 estimates and issuing weak guidance, citing execution gaps and softer auto ad spending.

Celsius Rallies 16.8% Post-Earnings

Celsius Holdings jumped 16.83% as investors shrugged off a quarterly earnings miss to focus on resilient multi-brand retail market share gains.

Space Stocks Report After Close Today

Watch space tech leaders ASTS and RKLB after the bell today as Q2 earnings results test recent momentum across high-beta growth stocks.

Posture: With sentiment at 64 Greed, we adopt a cautiously optimistic posture while holding off on new exposure ahead of key earnings.

Tickers in focus: TEAM, TTD

Upcoming earnings

• ASTS — 2026-08-10, After Market Close
• RKLB — 2026-08-10, After Market Close
• USAR — 2026-08-10, After Market Close
• CRWV — 2026-08-11, After Market Close
• LITE — 2026-08-11, After Market Close
• CBRS — 2026-08-12, After Market Close

Evening brief: Oil surged on Hormuz jitters, and our portfolio's tech darlings are feeling the weight of profit-taking

Published Aug 10, 2026, 8:01 PM EDT

Oil Surges on Strait of Hormuz Risks

Crude oil jumped above $80 as Strait of Hormuz deal uncertainty fueled inflation fears and weighed on tech equities.

COHR Drops 14.24% on Pre-Earnings Selling

Coherent tumbled as investors locked in profits from last week's 44% rally ahead of Wednesday's fiscal Q4 report.

MP Surges 6.95% on Rare Earth Demand

MP Materials extended its post-earnings rally, driven by an 89% revenue jump and a new multi-year defense agreement.

OXY Jumps 4.90% as Crude Prices Rally

Occidental Petroleum led energy sector gainers as rising crude oil prices fueled rotation out of high-valuation tech stocks.

LITE Earnings Report After Tuesday Close

Lumentum competitor LITE reports fiscal Q4 results tomorrow after the bell, testing key sentiment across AI optical networking.

Posture: Greed at 64 favors a selective posture, rotating capital into surging energy and defensives while taking advantage of high-quality tech dips.

Tickers in focus: OXY, COHR

Upcoming earnings

• CRWV — 2026-08-11, After Market Close
• LITE — 2026-08-11, After Market Close
• CBRS — 2026-08-12, After Market Close
• COHR — 2026-08-12, After Market Close
• NBIS — 2026-08-12, Before Market Open
• LUNR — 2026-08-13, Before Market Open

The day's lineup changes

• Aug 10, 2026 · CCJ — Stage change Buy Zone → Holding @ $97.31
  Up 8.5% in a week since joining — at our $112 blended value the easy entry is gone. Holding the uranium supply-deficit thesis, not chasing the pop.
• Aug 10, 2026 · ORCL — Stage change Holding → Buy Zone @ $151
  Our blended value says $299 against a $151 price — even after a 19.5% run, the street's backlog math leaves near-2x. Back in the Buy Zone.
• Aug 10, 2026 · UBER — Stage change Buy Zone → Holding @ $78.03
  Dominant scale generating $10B+ free cash flow keeps our position in hold as share buybacks compound.
• Aug 10, 2026 · AVGO — Stage change Buy Zone → Holding @ $422
  Up 8.6% from entry on custom AI chip momentum, shifting from buy-zone to hold to let gains run.