Speedrun | Upcoming Events This Week - [August 3 -

Speedrun | Upcoming Events This Week - [August 3 - August 7, 2026]

🌐 Geopolitical & Macro Updates: Iran Conflict & Energy

Ceasefire Confusion: President Trump initially announced he was calling off planned strikes on Iran after requests from Middle Eastern countries and claims that a preliminary deal—including opening the Strait of Hormuz and ending nuclear threats—had been reached. However, Iranian state media quickly denied that any such deal exists.

Oman Negotiations: Iran and Oman are in the final stages of negotiations regarding transit through the Strait of Hormuz, though Iran claims it is separate from closing or reopening the strait.

Human & Economic Toll: The conflict has resulted in 653 U.S. military casualties (including 64 high-ranking officers).

Gas & Inflation: Elevated gas prices (trending lower at $3.11/gallon from recent highs of $3.50) continue to drive inflationary concerns, which may prompt the Federal Reserve to consider a rate hike before year-end.

📊 Earnings Calendar Highlights (August 3 – August 7)

While major hyperscalers wrapped up earnings last week, several market-moving names are reporting this week:

Monday ($Palantir Tech(PLTR.US),$ON Semiconductor(ON.US)): Focus on Palantir's high-growth sustainability and AI platforms, alongside ON Semiconductor's power semi demand.

Tuesday ($AMD(AMD.US),$Arista Networks(ANET.US), $Astera Labs(ALAB.US),$Caterpillar(CAT.US)): Key items include AMD's sales growth and CPU demand, Arista Networks' networking demand, Astera Labs' supply dynamics, and Caterpillar's generator sales.

Wednesday ($Sandisk(SNDK.US), $Western Digital(WDC.US),$TTM Tech(TTMI.US)): Sandisk and Western Digital will offer insight into NAND/HDD demand, margins, and outlooks, while TTM Technologies reports on PCB demand for AI.

Thursday & Friday ($Applied Optoelectronics(AAOI.US), $Himax Tech(HIMX.US),$Aecom(ACM.US), $Oklo(OKLO.US),$Vistra(VST.US)): Focus areas include transceiver demand (AAOI), WFE spending in China (ACM), and AI power needs (Oklo, Vistra).

📈 Market Sentiment & Technicals

Semis Oversold: Semiconductors are currently experiencing their most oversold conditions since the late March bottom. However, the SOX index remains 19% off its peak, suggesting caution against FOMO buying.

Risk/Reward: Many stock names are perceived as having a much better risk/reward profile compared to April and May.

📅 Economic Calendar (Friday, August 7)

Jobs Report: Nonfarm payrolls are expected to come in at 91K (up from prior), and the unemployment rate is expected to edge up to 4.3% (from 4.2%).

Market Implication: A stronger-than-expected labor market could give the Fed more reason to implement a future rate hike, potentially driving bond yields higher.

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