--- title: "☕️ [Task Coins Giveaway] Daily Market Talk — Reddit Joins S&P 500 as CDL Profit Triples" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/100000000854071.md" description: "Reddit will join the S&P 500 next week, and its stock jumped after hours on the news, capping a record-setting session for US stocks. In Singapore, $CityDev(C09.SG) surged about 9% after first-half pr..." datetime: "2026-08-14T02:57:49.000Z" locales: - [en](https://longbridge.com/en/topics/100000000854071.md) - [zh-CN](https://longbridge.com/zh-CN/topics/100000000854071.md) - [zh-HK](https://longbridge.com/zh-HK/topics/100000000854071.md) author: "[Captain's Watch](https://longbridge.com/en/profiles/24747427.md)" generator: "portal-rs" --- # ☕️ [Task Coins Giveaway] Daily Market Talk — Reddit Joins S&P 500 as CDL Profit Triples Reddit will join the S&P 500 next week, and its stock jumped after hours on the news, capping a record-setting session for US stocks. In Singapore, $CityDev(C09.SG) surged about 9% after first-half profit roughly tripled, while $CapitaLandInvest(9CI.SG) posted a 14% profit gain of its own. Elsewhere on Wall Street, Bill Ackman piled back into Netflix four years after dumping it at a loss, Workday spiked 18% on private-equity buyout talk, and SanDisk jumped 14% on an ambitious long-term growth plan. Let's dig in 👇 **💬 Reddit just earned a seat in the S&P 500, the ultimate stamp of Wall Street legitimacy for a stock built on internet chaos: does index inclusion tame it, or is this just fuel for the next meme rally?** ## 📊 Quick Recap — What Moved & Why ### 🇺🇸 US — Reddit Joins the S&P 500 as Records Fall **🔑 Key Event:** $Reddit(RDDT.US) jumped about **11%** after hours after S&P Dow Jones Indices said it will join the S&P 500 before Monday's open, replacing AvalonBay Communities in a rare off-cycle swap. The news capped a record-setting regular session: US July producer prices came in flat, well below the +0.2% expected, easing rate-hike fears and lifting $S&P 500(.SPX.US) **0.65%** to a record close near 7,799 and $NASDAQ Composite Index(.IXIC.US) **0.81%** to 26,803, while $Dow Jones Industrial Average(.DJI.US) added **0.13%** to 53,840. **👀 Other to Watch** - $Workday(WDAY.US) → surged about **17.8%**, trading halted for volatility, after Reuters reported Silver Lake is in talks to take the company private for up to **$43B**; no deal has been finalized. - $Netflix(NFLX.US) → rose **5.4%** after Bill Ackman's Pershing Square disclosed a new **$2.1B** stake, about 4.9% of the fund's portfolio, with Ackman saying the streaming giant has "effectively won the streaming wars," a reversal after he sold out of the stock at a loss in 2022. - $Sandisk(SNDK.US) → climbed about **13.7%** after laying out a long-term plan at its investor day for mid-to-high-teens annual revenue growth and roughly 80% gross margins, lifting the broader memory sector. - $Cisco(CSCO.US) → fell **8.4%** despite record quarterly revenue of $17.25B and raised FY27 guidance, as gross margin compressed to 66.3% on rising AI and memory component costs. - $Tapestry(TPR.US) → dropped **16.5%** even after beating on Q4 earnings, as its FY27 revenue guidance came in just below consensus. - $Cerebras(CBRS.US) → fell about **13%** as a revenue miss overshadowed a raised full-year outlook. ### 🇸🇬 Singapore — CDL Profit Triples as STI Holds Steady **🔑 Key Event:** $FTSE Straits Times Index(STI.SG) steadied at 5,720 on Thursday, essentially flat after two days of declines, then eased to about **5,714** in early Friday trade. The real action was in property: $CityDev(C09.SG) surged about **9%** after first-half net profit roughly tripled to S$302M, while $CapitaLandInvest(9CI.SG) profit rose **14%** to S$327M on record fee income. $OCBC Bank(O39.SG) also posted record first-half net profit of S$4.19B, up **13%**. **👀 Other to Watch** - $ST Engineering(S63.SG) → fell about **3.2%** as margin compression overshadowed steady revenue growth, with net margin narrowing to 4.4% from 6.6% a year earlier. - $YZJ Shipbldg SGD(BS6.SG) → slipped **1.1%** even after posting a record first-half net profit of RMB5.37B, as investors flagged new order wins near a five-year low. - $SGX(S68.SG) → eased **0.5%**, giving back a sliver of its 49%+ year-to-date rally. - $DBS(D05.SG) → ticked up **0.1%**, holding near recent highs after its own record quarterly profit on fee income and wealth management. ### 🇭🇰 HK/China — Chip Foundries Diverge After Earnings **🔑 Key Event:** Three marquee results landed after Thursday's HK close, and Friday morning's reaction split sharply. $SMIC(00981.HK) jumped about **5%** after Q2 revenue topped $3B, up 36% year-on-year, with net profit more than tripling. $HUA HONG GRACE(01347.HK) fell about **10%** despite record revenue and profit up nearly 386%, as its Q3 margin guidance barely improved. $JD-SW(09618.HK) dropped roughly **9%** after posting its first-ever revenue decline. $Hang Seng Index(00HSI.HK), down 0.17% Thursday, extended losses to about **25,185**, down **0.83%**, by Friday morning. **👀 Other to Watch** - $TENCENT(00700.HK) → closed Thursday down **4.5%** at a two-week low, as its AI-capex surge to RMB52.8B and negative free cash flow spooked investors; shares steadied Friday morning, up about **0.6%**. - $LENOVO GROUP(00992.HK) → surged **20%** to a record high Thursday after quarterly revenue beat estimates by a wide margin, with its AI server order backlog up 157% quarter-on-quarter; the single stock lifted $Hang Seng TECH Index(STECH.HK) to a **0.33%** gain even as the broader market fell. - $CKH HOLDINGS(00001.HK) → fell about **5.6%** Friday morning after interim profit surged on UK asset-sale gains, but underlying profit rose only 6-7% once those one-offs were stripped out. - Mainland gold miners sold off Thursday as spot gold broke below $4,400/oz, with $CHINAGOLDINTL(02099.HK) down about **7.7%**. ### 🌍 Other - 🇺🇸 IBM announced an enterprise AI partnership with OpenAI, embedding GPT-5.6 and Codex into its consulting arm, though shares gave back an early gain to close roughly flat. - 🇺🇸 A $25B 30-year Treasury auction stopped at 5.216%, the highest yield for a 30-year auction since 2001, even as secondary-market yields fell on the day. - 🌍 Oil fell 2.1% to $87.07 even as tensions over the Strait of Hormuz stayed elevated, with shipping traffic through the strait near three-month lows and both sides trading conflicting signals over ending the conflict. ## 📅 Key Events Tonight / Next Week | **When (SGT)** | **What** | | -------------- | ----------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Mon 17 Aug** | 🇨🇳 China July industrial production & retail sales data | | **Tue 18 Aug** | 🇺🇸 $Reddit(RDDT.US) officially joins the S&P 500 before the open 🇺🇸 NAHB Housing Market Index | | **Wed 19 Aug** | 🇺🇸 Housing starts & building permits 🇺🇸 Earnings: $Palo Alto Networks(PANW.US), $Estee Lauder(EL.US) , $Fabrinet(FN.US) | | **Thu 20 Aug** | 🇺🇸 FOMC meeting minutes 🇺🇸 Earnings: $Lowes(LOW.US), $Medtronic(MDT.US), $Toll Brothers(TOL.US), $XPeng(XPEV.US), $Coty(COTY.US) | | **Fri 21 Aug** | 🇺🇸 Jobless claims, existing home sales, flash PMIs 🇺🇸 Earnings: $TJX(TJX.US), $Target(TGT.US), $Snowflake(SNOW.US), $Analog Devices(ADI.US), $Macys(M.US) | 👇 Drop your take (20+ words) & click "Repost" to earn 288 Task Coins ✨ 🚫 No duplicates · ⏰ Deadline: Aug 14, 2026, 11:59 PM SGT Not investment advice, just market talk 🙏 ### Related Stocks - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [RDDT.US](https://longbridge.com/en/quote/RDDT.US.md) - [WDAY.US](https://longbridge.com/en/quote/WDAY.US.md) - [NFLX.US](https://longbridge.com/en/quote/NFLX.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [C09.SG](https://longbridge.com/en/quote/C09.SG.md) - [S68.SG](https://longbridge.com/en/quote/S68.SG.md) - [00700.HK](https://longbridge.com/en/quote/00700.HK.md) - [CSCO.US](https://longbridge.com/en/quote/CSCO.US.md) - [TPR.US](https://longbridge.com/en/quote/TPR.US.md) ## Comments (22) - **TheCollector · 2026-08-14T15:27:22.000Z**: Reddit’s entry into the S&P 500 is a milestone. While index inclusion ensures steady passive fund inflows, its meme‑stock roots suggest volatility may persist; when mainstream credibility meets retail‑driven chaos. - **Dacai · 2026-08-14T11:00:10.000Z**: The stock price of CapitaLand Invest has been rather lacklustre and it dismantled the special projects team. It looks like its future strategy is to increase fee income and unlock value from non-core/legacy assets. - **koolgal · 2026-08-14T10:24:46.000Z**: 🌟🌟🌟I am watching $CapitaLandInvest(9CI.SG)closely and wonder why a 14% profit increase to SGD 327 million still result in fall in its stock price.While the net profit rose, total revenue actually fell 2% to SGD 1.02 billion. Revenue from their direct Real Estate Investment business dropped by 24%. - **FaithAnchor · 2026-08-14T09:28:01.000Z · 👍 1**: ST Engineering down ~3%! 🚨 Profit-taking after rich valuations, or the first warning on margin compression? Either way, dividend seekers may see this dip as an opportune entry—if earnings remain resilient. 👀 - **Victor y · 2026-08-14T08:12:11.000Z**: Markets rallied on softer inflation, but earnings reactions were mixed.Market Participants are increasingly looking beyond headline results.Reddit jumped on its S&P 500 inclusion, while Cisco fell despite record revenue and strong results. In Singapore, CDL and OCBC impressed, while Yangzijiang - **Tiffany lover · 2026-08-14T06:33:56.000Z**: Tensions in the Strait of Hormuz continue to escalate, with shipping traffic at a three-month low and conflicting signals from both sides regarding an end to the conflict; oil prices still fell 2.1% to $87.07.Gold saw slight gains, while the US dollar currency remains weak.The situation is not optim - **dingdongbell · 2026-08-14T06:20:03.000Z**: The inflation numbers are out and both CPI and PPI are looking favourable. The markets like them and are trending higher as a result. - **Heroic Lifesaver · 2026-08-14T06:16:50.000Z**: The overall market is taking the inflation numbers in its stride and liking it. Price action leans bullish and the number of bears still being around and vocal gives it an even more bullish nuance. - **LazyCat · 2026-08-14T05:48:42.000Z · 👍 1**: By lunch, ST Engineering climbed to around 10.7+ from a 10.43 open, after 5 previous side-winding sessions with long lower wicks, shaking out weak hands. let's see how it close today. - **LazyCat** (2026-08-14T09:49:03.000Z): An excellent close at 10.96 on a solid bodied candle 👏👏👏👏 - **Rainwijaya · 2026-08-14T05:08:34.000Z · 👍 1**: It’s about time reddit included in s&p500.. we’ll just see which other ticker will be joining s&p500 in the future - **Fattycat · 2026-08-14T04:46:06.000Z · 👍 3**: I came across this article from business times: “CapitaLand investment to restructure portfolio, recycle up to $9billion “CLI has yet announced which and what type of asset divestment. It will affect its non-strategic REITs holdings ? It is better to follow the news closely. All divestment will affe - **NewUser_CkrdqW · 2026-08-14T04:31:36.000Z · 👍 1**: Reddit is joining the S&P500 finally after months of being on the potential list. The stock gained double digits as investors take in the news positively. On other news, superinvestor Bill Ackman opened his position on Netflix once more, stating that Netflix "has won the streaming wars" - **NewUser_ThinkSwim · 2026-08-14T03:54:49.000Z · 👍 2**: Both CityDev and Capital Land Invest are reasonably good companies but it is not undervalued to a large extent. So DCA slowly if you want to own the stock in long term perspective 5-10 years. - **Fattycat** (2026-08-14T04:11:18.000Z): Agreed. CapitaLand didn’t benefit from recent STI index rally 😖. - **relf · 2026-08-14T03:45:55.000Z · 👍 1**: With CPI and PPI out of the way, it is back to earnings for the remaining companies. Interesting to see if there will be a pullback from all time highs or we go higher from here. - **Darkwinter · 2026-08-14T03:44:55.000Z · 👍 1**: Reddit is amazing, managed to be included in s&p500 with a simple but effective business model - **Vt3 · 2026-08-14T03:30:54.000Z · 👍 1**: 📌☕️In generic as a whole it was a good week rebounding back to normal pace. Interesting stocks such as SNDK and MU always hit the Top ranking. NVDA is swinging as per its norm. Am losing my patience on it😆 Will need to focus on MRVL and Intel more for next week. Tesla and SPCX are catching up for mo - **TheRaccoonAnalysis · 2026-08-14T03:30:46.000Z · 👍 1**: The market reaction reflects a combination of index-related demand and improving macro sentiment. Reddit’s S&P 500 inclusion could support near-term institutional buying, although valuation and user-growth risks remain. Softer-than-expected PPI reduced concerns about renewed Fed tightening and s - **Newbee2025 · 2026-08-14T03:27:21.000Z · 👍 1**: I still like Yangzijiang Shipbuilding (SGX: BS6) fundamentally, but at today’s ~S$4.66 I would not chase it with a large purchase. The price has moved very quickly after the excellent 1H26 results. As of 10:51am today, it was around S$4.66, already close to its recent high. - **Fattycat · 2026-08-14T03:17:55.000Z · 👍 1**: So sad to see that CapitaLand Investment and City Developments share prices doesn’t reflect the current solid fundamentals. It could be their current high debt to equity that causes institutional investors concern. 😕 both companies missed out the recent STI rally. - **Shyon · 2026-08-14T03:00:17.000Z · 👍 2**: Reddit joining the S&P 500 is definitely interesting. I think index inclusion could bring more institutional demand and liquidity, but with RDDT already running strongly, I wouldn’t chase the rally blindly. The meme-stock DNA is still there, so volatility will probably remain high.In Singapore, --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**