☕️ [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

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Not investment advice, just market talk 🙏