- European stocks are expected to open higher on Tuesday as U.S. Treasury yields decline.
- The drop in yields follows reports that the U.S. Treasury may utilize its General Account to fund its bond buyback program.
- Meanwhile, U.S. stock futures rose ahead of key corporate earnings and upcoming economic data releases.
- Robinhood and Coinbase shares surged significantly due to renewed momentum for the U.S. Clarity Act and higher anticipated crypto trading volumes.
- Marvell Technology fell 5.57% while expanding its custom silicon programs tied to Alphabet’s TPU chip.
- Edison International revisited $70 lows after taking responsibility for the Eaton fire and offering over 775 million dollars for recovery programs.
- U.S. stock futures fell on Monday morning as investors assessed rising Treasury yields and escalating U.S.-Iran tensions.
- Brent crude dropped 1.45% to $93.02 per barrel, and WTI crude fell 1.95% to $85.36 per barrel amidst geopolitical updates.
- Treasury yields declined following reports of potential funding strategies for bond buyback operations.
- Marvell Technology and Nvidia are preparing to release their quarterly earnings reports driven by artificial intelligence demand on August 27 and August 26 respectively.
- The options market indicates a significantly larger earnings-related price movement for Marvell at 11.31 % compared to 6.17 % for Nvidia.
- Wall Street estimates Marvell to report an adjusted EPS of $0.93 on $2.72 billion in revenue, while Nvidia is expected to post $2.09 per share on $92.25 billion in revenue.
- TipRanks has calculated the expected stock price movements for major companies reporting earnings between August 24 and August 27, 2026.
- The analysis utilizes at-the-money straddle options to determine expected volatility shifts surrounding the earnings announcements.
- Notable expected moves include SMTC at +/- 21.07%, NVDA at +/- 6.17%, and CRM at +/- 8.01%.
- Alphabet Inc. reported quarterly revenue of $119.80 billion and earnings per share of $9.11, surpassing analyst expectations.
- Institutional investors like Perigon Wealth Management LLC adjusted their stakes, while the company expanded its AI infrastructure with Marvell and advanced its Waymo autonomous-driving unit.
- Multiple financial analysts maintained a consensus "Buy" rating on the stock with an average target price of $415.55.
- Broadcom shares dropped about 5% after Marvell Technology expanded its custom chip agreement with Google, raising investor concerns over artificial intelligence competition.
- Historical precedent shows that when Apple dropped Broadcom for in-house wireless chips, Broadcom successfully navigated the transition and grew significantly through other partnerships.
- While Google is deeply tied to Broadcom's soaring artificial intelligence revenue, such customer transitions typically unfold slowly, and future earnings reports will ultimately determine the impact.