Earnings Day Dominates as Bears Circle Tech

Today's Biggest Stories

August 5 delivered one of the year's heaviest earnings days. Walt Disney, Eli Lilly, and Uber Technologies all reported. AppLovin and DoorDash follow after the close. Investors are watching for guidance more than beats given a choppy macro backdrop.

LifeMD delivered one of the day's biggest shocks. The telehealth company slashed full-year 2026 sales guidance to $205–$212M. That missed the $222M consensus by a wide margin. Its Q3 outlook also fell well short of estimates.

Chips Under Pressure

Semiconductor stocks closed lower as a broad chip rebound stalled on the S&P 500 and Nasdaq. Options data flagged this. SanDisk and Micron Technology both attracted heavy bearish options flow this week. SanDisk has surged 501% year-to-date. Bears are fading that run hard via puts.

Short sellers are also still active in tech. Five9 saw its short interest climb nearly 3.7 points in a week to 15% of free float. Enterprise AI spending shifts are weighing on the cloud contact-center sector.

Europe: Defense and FX

European equities were volatile. Defense stocks rallied after Ukraine ratified a $105 billion EU loan deal. The yen jumped as Japan threatened further currency intervention. The dollar's reserve-currency status drew fresh scrutiny in the FX market.

Glencore announced plans for a secondary listing in Australia. The miner has long argued its London shares trade at a discount.

Insider Watch

Carlos Slim continued his persistent exit from PBF Energy, filing over $108M in sales. CACI International raised FY2027 guidance sharply above estimates. The defense IT firm now sees sales of up to $10.85B next year.