Earnings Flood the Tape on Busy August Day

US Markets: Guidance Beats Drive the Session

August 6 is one of the heaviest earnings days of the season. More than 30 S&P 500 companies posted results, and guidance upgrades are the dominant theme.

Cloudflare raised its full-year sales outlook to $2.864–$2.870B. That tops the prior $2.813B estimate. Q3 guidance also cleared consensus comfortably. JFrog followed suit, lifting FY2026 sales guidance to $648–$652M from $628–$632M. Both cloud software names are rewarding bulls who held through a tough year.

FIGS delivered one of the session's sharpest guidance jumps. The healthcare apparel brand raised FY2026 sales guidance to $757M — well above the $729M estimate. ResMed also boosted its dividend, raising the quarterly payment from $0.60 to $0.66 per share.

Energy names ConocoPhillips and Occidental Petroleum both reported today, offering a key read on sector health. Constellation Energy also posted results as nuclear power demand from data centres stays firmly in focus.

Short Squeeze Watch

indie Semiconductor hit an extreme setup today. Utilization reached 100% and availability collapsed to 0%. Short interest sits at 35% of free float. New short positions are effectively impossible to open. Squeeze risk is acute.

Hertz shows similar dynamics. Availability has dried to zero with short interest at 82% of free float. Covering continues as borrowable supply disappears.

Analyst Moves

Insulet was cut to Market Perform by Leerink Partners today. The price target dropped to $145. Healthcare names also saw Boston Scientific CEO Michael Mahoney file a $9M purchase — a notable vote of confidence from the top.

Insider Standouts

Charles Schwab's founder filed over $35M in sales this week. Carlos Slim Helu reported a $36.6M exit from PBF Energy. Both are among the largest insider sell filings of the month.