Weekly Events Preview — August 24–August 28, 2026

Calendar At-a-Glance

Monday, August 24

Before Open: XPeng Inc. (XPEV), Macy’s Inc. (M), EHang Holdings (EH), Nordic American Tankers (NAT), Adyen N.V. (ADYEY), American Cannabis Co. (AMMJ) After Close: Woodside Energy Group (WDS), Tuya Inc. (TUYA) Events: None scheduled

Tuesday, August 25

Before Open: DICK’S Sporting Goods (DKS), Williams-Sonoma (WSM), Bank of Nova Scotia (BNS) After Close: Intuit Inc. (INTU), Semtech Corp. (SMTC), nCino Inc. (NCNO), Box Inc. (BOX), Gold Resource Corp. (GORO) Events: None scheduled

Wednesday, August 26

Before Open: Kohl’s Corporation (KSS), Abercrombie & Fitch (ANF), Dycom Industries (DY) After Close: NVIDIA Corp. (NVDA), Salesforce Inc. (CRM), CrowdStrike Holdings (CRWD), Okta Inc. (OKTA), Synopsys Inc. (SNPS) Events: None scheduled

Thursday, August 27

Before Open: Best Buy Co. (BBY), Bilibili Inc. (BILI) After Close: Marvell Technology (MRVL), IREN Limited (IREN), Autodesk Inc. (ADSK), Workday Inc. (WDAY), Affirm Holdings (AFRM), Elastic N.V. (ESTC) Events: None scheduled

Friday, August 28

Before Open: Cango Inc. (CANG), MINISO Group (MNSO), NAPCO Security Technologies (NSSC), Amerityre Corp. (AMTY), Blue Buffalo Pet Products (BUFF), Bavarian Nordic (BVNRY), BW LPG Limited (BWLP), China Minsheng Banking (CMAKY) After Close: None Events: None scheduled

⚠️ Note: The three economic events listed in the data feed (FOMC Minutes, Philly Fed, Unemployment Claims) are dated August 19–20 — the prior week. No high-impact U.S. economic events are currently scheduled for the August 24–28 week proper. The prior week’s releases are covered in the Economic Calendar section for context, as their data will still be coloring sentiment when markets open Monday.

Earnings to Watch

📅 Monday, August 24

XPEV — XPeng Inc. | Reports: Monday, August 24 (Before Open) Consensus: EPS N/A (no Street estimate), Revenue $2.95B Action: BUY dips on weakness, but size small — XPEV is a momentum-driven China EV name where a strong delivery beat or raised guidance is the only catalyst worth chasing. Claude’s take: XPeng has been riding the China EV narrative alongside BYD and Li Auto, but the stock is notoriously volatile around earnings with wide bid-ask spreads in pre-market. The market wants to see Q3 delivery guidance north of 100K units and margin improvement as the MONA M03 ramps — anything shy of that and you’ll see a gap-down 8–12%. A swing trader should wait for the first 30 minutes of trading post-open before entering; the initial reaction is rarely the final one with Chinese ADRs.

M — Macy’s Inc. | Reports: Monday, August 24 (Before Open) Consensus: EPS $0.35, Revenue $4.81B Action: AVOID — The department store turnaround story has limited upside even on a beat given secular headwinds and a deeply skeptical retail base. Claude’s take: Macy’s is fighting the same battle it has been fighting for five years: foot traffic erosion, digital lag vs. competitors, and bloated inventory cycles. The $0.35 EPS bar is already low, so a beat is possible, but the stock needs a narrative catalyst — raised full-year guidance or a buyback acceleration — to sustain a rally. With consumer spending softening and credit card delinquencies at Macy’s own card portfolio elevated, same-store sales comps are the number to watch; a miss there even with an EPS beat will send shares lower.

NAT — Nordic American Tankers Limited | Reports: Monday, August 24 (Before Open) Consensus: EPS $0.23, Revenue ~$100M Action: AVOID — Tanker rates have been volatile, and NAT’s thin margins make this a speculative print with limited swing-trade edge. Claude’s take: NAT is a pure-play Suezmax crude tanker operator whose earnings are almost entirely at the mercy of spot rates, which have been choppy through mid-2026 as OPEC+ production cuts weigh on crude volumes shipped. The $0.23 EPS consensus implies decent TCE (time-charter equivalent) rates, but any commentary about a softening spot market in Q3 will pressure the stock and its dividend — which is the main reason retail holds this name. This is a hold-for-yield story, not a swing trade.

ADYEY — Adyen N.V. | Reports: Monday, August 24 (Before Open) Consensus: EPS N/A, Revenue N/A (Dutch reporting format, semi-annual) Action: AVOID for most retail traders — Thin U.S. ADR liquidity makes this difficult to trade cleanly; European fintech sentiment is the better proxy. Claude’s take: Adyen reports semi-annual results and the ADR is lightly traded in the U.S., making bid-ask spreads punishing around earnings. The market will focus on net revenue growth and take rate trends — the 2023 debacle when Adyen missed badly is still in institutional memory, creating an asymmetric fear response to any growth deceleration. If you’re going to play European fintech earnings momentum, FOUR (Shift4) or SQ are cleaner U.S.-listed vehicles to express the trade.

EH — EHang Holdings Limited | Reports: Monday, August 24 (Before Open) Consensus: EPS N/A, Revenue ~$20M Action: AVOID — EHang is a micro-cap eVTOL speculative name with near-zero earnings predictability and extreme gap risk. Claude’s take: EHang has been a story stock since its NASDAQ listing, trading on regulatory approvals in China for its autonomous aerial vehicles rather than financial fundamentals. Revenue at $20M expected is essentially immaterial to valuation — this stock moves on headlines about CAAC certifications and trial deployments, not quarterly prints. The anticipation score of 1 tells you everything: this is not a swing-trade earnings play, it’s a speculative position for those with extremely high risk tolerance and a thesis on China UAV commercialization.

TUYA — Tuya Inc. | Reports: Monday, August 24 (After Close) Consensus: EPS $0.03, Revenue ~$90M Action: AVOID — Low-margin IoT SaaS with a negligible anticipation score and little near-term catalyst. Claude’s take: Tuya is a China-based smart device IoT platform that has been grinding toward profitability for several years. At $0.03 EPS consensus on $90M revenue, the company is barely profitable, and any miss will be punished severely given the thin margin profile. The positive angle is that smart home IoT adoption in China continues growing, but the geopolitical overhang on Chinese tech names and low trading volume make this a name to watch on your watchlist, not your trading account.

WDS — Woodside Energy Group Ltd | Reports: Monday, August 24 (After Close) Consensus: EPS N/A, Revenue N/A Action: AVOID for swing traders — Australian LNG major with ASX primary listing; U.S. ADR volume is insufficient for clean entry/exit around earnings. Claude’s take: Woodside is one of Australia’s largest independent oil and gas companies, with major LNG exposure through its Pluto and Scarborough projects. Results will hinge on realized LNG prices and production volumes against a backdrop of fluctuating Asian spot LNG demand. For U.S.-based swing traders, the ADR liquidity is simply too thin to trade the print efficiently — if you want LNG sector exposure, LNG (Cheniere) or TTE (TotalEnergies) are more liquid options.

AMMJ — American Cannabis Company Inc. | Reports: Monday, August 24 (Before Open) Consensus: N/A, Revenue N/A Action: AVOID — Micro-cap cannabis ancillary name with no analyst coverage and zero anticipation; not a swing-trade candidate. Claude’s take: American Cannabis provides consulting and supplies to the cannabis industry rather than growing or selling cannabis directly. With no estimates, no meaningful float, and anticipation score of zero, there’s no setup here. Cannabis sector headwinds from federal non-rescheduling and state-level oversupply persist through 2026.

📅 Tuesday, August 25

DKS — DICK’S Sporting Goods, Inc. | Reports: Tuesday, August 25 (Before Open) Consensus: EPS $3.80, Revenue $5.64B Action: BUY on any post-earnings dip to prior support — DKS has been a consistent beat-and-raise machine, and the active/athletic apparel cycle remains constructive. Claude’s take: DICK’S has been one of the best-executing specialty retailers in America, with a loyal House of Sport concept driving traffic and margin expansion. The $3.80 EPS consensus is a high bar, and the stock likely has some earnings run-up priced in — meaning a beat-in-line print (no raised guidance) could produce a sell-the-news reaction. The key metric is comparable store sales growth: if comps come in above +3% alongside any hint of back-to-school strength, the stock can grind higher through the week. A swing trader should look for a post-open flush to a key technical level as the entry point rather than chasing the gap.

WSM — Williams-Sonoma, Inc. | Reports: Tuesday, August 25 (Before Open) Consensus: EPS $2.05, Revenue $1.91B Action: BUY on confirmed beat with raised guidance — WSM is a premium home furnishings play that has navigated the housing slowdown better than expected, and any commentary on housing market recovery is a major positive catalyst. Claude’s take: Williams-Sonoma has been a standout in the home goods space because its Pottery Barn and West Elm brands skew affluent, partially insulating it from mass-market consumer pressure. The housing market has been sluggish through 2025–2026 with elevated mortgage rates still a drag on home sales and new household formation, but WSM has been taking share and expanding margins through operational discipline. The $2.05 consensus is achievable but not easy — the number to watch is operating margin, which has been the source of prior beats. If margin guidance for the back half is raised, this is a multi-day runner.

INTU — Intuit Inc. | Reports: Tuesday, August 25 (After Close) Consensus: EPS $3.59, Revenue $4.27B Action: BUY into weakness before the print if trading below its 50-day MA — Intuit is a compounding quality compounder with AI tailwinds, and the bar, while high, is beatable. Claude’s take: Intuit’s fiscal Q4 (ending July) is its smallest seasonal quarter, making the print less critical than the full-year and forward guidance narrative. The market will key on TurboTax unit trends, QuickBooks Online subscriber growth, and — most importantly — Credit Karma monetization, which has been pressured by the higher-rate environment dampening credit card and mortgage lead demand. The AI angle is real: Intuit’s Assist features across TurboTax and QuickBooks are showing up in NPS scores and retention metrics. A swing trader should position for the post-earnings reaction over 2–3 days, as INTU tends to provide nuanced guidance that takes the market a day to digest properly.

SMTC — Semtech Corporation | Reports: Tuesday, August 25 (After Close) Consensus: EPS $0.62, Revenue $0.33B Action: BUY — Semtech’s LoRa IoT business is recovering, and the AI data center edge compute angle is drawing fresh institutional attention. Claude’s take: Semtech went through a brutal 2022–2023 period after its Sierra Wireless acquisition saddled the company with debt and integration complexity, but the turnaround has been gaining traction. The anticipation score of 4 punches above Semtech’s typical retail interest, suggesting traders are positioning for a meaningful beat driven by LoRa WAN demand (smart cities, industrial IoT) and any positive commentary on CopperEdge high-speed connectivity solutions for AI infrastructure. The $0.62 EPS against $330M revenue implies margin expansion is expected — if gross margins come in above 50%, this stock moves meaningfully higher post-print.

NCNO — nCino, Inc. | Reports: Tuesday, August 25 (After Close) Consensus: EPS $0.27, Revenue $0.16B Action: AVOID — Banking software with a concentrated customer base faces headwinds from bank consolidation and budget scrutiny; the risk/reward is poor pre-print. Claude’s take: nCino provides cloud banking software to financial institutions and has been a victim of the regional banking stress cycle — when banks are under pressure, they cut software spend. The $0.27 EPS consensus on $160M revenue is reasonable, but the growth narrative has been muddy as deal cycles extended in the bank tech segment. The stock is not particularly oversold or overbought, creating a low-conviction setup either way. I’d wait for the print and any analyst commentary before initiating a position.

BNS — Bank of Nova Scotia | Reports: Tuesday, August 25 (Before Open) Consensus: EPS $1.53, Revenue $28.66B Action: AVOID for swing trade — Canadian bank earnings don’t drive meaningful U.S. market reactions, and BNS has idiosyncratic Latin American exposure that complicates the read. Claude’s take: Scotiabank reports its fiscal Q3 2026 results and the focus will be on Canadian mortgage portfolio credit quality as housing affordability stress persists, plus performance in its Pacific Alliance (Mexico, Peru, Chile, Colombia) footprint. The $28.66B revenue figure includes trading and insurance revenues that swing quarter-to-quarter. For U.S.-based swing traders, Canadian bank earnings are typically quiet, range-bound movers — not the volatility profile you want for a short-term position.

BOX — Box, Inc. | Reports: Tuesday, August 25 (After Close) Consensus: EPS $0.40, Revenue $0.32B Action: AVOID — Box is a mature, slow-growth cloud content management name that trades more on M&A rumors than fundamental catalysts. Claude’s take: Box has been a perennial buyout candidate (with activist pressure from various funds) but has remained independent, which increasingly feels like a valuation anchor. At $0.40 EPS on $320M revenue, the company is profitable but growth is decelerating in the low-to-mid single digits as it competes against Microsoft SharePoint/OneDrive at the enterprise level. The AI content management angle (Box AI) is being marketed but hasn’t yet shown up in notable ARR acceleration. This is a show-me story, not a buy-ahead-of-earnings story.

GORO — Gold Resource Corporation | Reports: Tuesday, August 25 (After Close) Consensus: EPS N/A, Revenue ~$130M Action: AVOID — Small-cap precious metals miner with operational complexity; gold price momentum is better expressed through GLD, GDX, or larger producers. Claude’s take: Gold Resource Corp. operates in Oaxaca, Mexico and the Back Forty project in Michigan, making it subject to both operational mining risk and jurisdictional risk. With gold prices elevated through mid-2026, the company should show improved top-line results, but cash costs and production guidance are the real swing factors. The anticipation score of 2 reflects modest retail interest, likely from gold bug investors rather than swing traders. Better vehicles for gold momentum trades exist.

📅 Wednesday, August 26

NVDA — NVIDIA Corp. | Reports: Wednesday, August 26 (After Close) Consensus: EPS $2.01, Revenue $91.71B Action: BUY the pre-earnings dip on Monday/Tuesday, then MANAGE risk aggressively into the print — NVDA is the single most important earnings report of any quarter, and the setup demands respect in both directions. Claude’s take: There is simply no earnings event in the market that carries more macro weight than NVIDIA’s quarterly print. At $91.71B in revenue expected — an astonishing figure that reflects the insatiable demand for H100/H200/Blackwell GPU infrastructure from hyperscalers (Microsoft, Google, Amazon, Meta) and sovereign AI programs globally — the bar is stratospheric but NVDA has cleared it multiple times. The market will laser-focus on three things: (1) Blackwell GPU shipment volumes and whether supply chain constraints are easing, (2) data center revenue guidance for the next quarter (which consensus expects above $95B), and (3) any commentary on China export controls and whether Huawei’s Ascend chips are creating meaningful competitive pressure. A beat-and-raise of the magnitude NVDA has delivered previously could add $300–500B in market cap overnight and trigger a broad tech rally in QQQ and SOX. A miss or cautious guidance — especially citing export headwinds or hyperscaler CapEx digestion — could wipe 10–15% and drag the entire semiconductor complex down with it. Swing traders who are long should consider taking partial profits before the print and re-loading on the post-earnings reaction once direction is confirmed.

CRM — Salesforce, Inc. | Reports: Wednesday, August 26 (After Close) Consensus: EPS $3.27, Revenue $11.3B Action: BUY on a confirmed beat — Agentforce AI monetization is the inflection story the market has been waiting for — but don’t chase a gap above 3%. Claude’s take: Salesforce’s Q2 FY2027 print is shaping up as a critical inflection point for the AI enterprise software narrative. The launch and scaling of Agentforce (AI agents for CRM workflows) has been Salesforce’s flagship growth driver, and the market wants to see it in the revenue numbers — specifically, Current Remaining Performance Obligation (cRPO) growth and average contract values for Agentforce deals. At $11.3B revenue, CRM needs to show reaccelerating growth (prior quarter saw ~8% growth, market wants closer to 9–10%) alongside margin discipline. CEO Marc Benioff has been the loudest voice in enterprise AI, and his tone on the earnings call will move the stock as much as the numbers. With an anticipation score of 20, this is the second most-watched name of the week behind NVDA — a legitimate swing trade candidate either direction.

KSS — Kohl’s Corporation | Reports: Wednesday, August 26 (Before Open) Consensus: EPS $0.56, Revenue $3.52B Action: SHORT into strength / AVOID longs — Kohl’s is a structurally challenged department store in secular decline with a heavily loaded balance sheet. Claude’s take: Kohl’s has been one of the most painful turnaround stories in retail, with successive management teams unable to reverse traffic declines and market share erosion to off-price (TJX, ROST) and direct-to-consumer DTC brands. The $0.56 EPS on $3.52B revenue is not a particularly demanding bar, but Kohl’s inventory management, SG&A leverage, and gross margin will be scrutinized. The anticipation score of 10 is high relative to the company’s story — likely driven by short interest and options positioning rather than genuine enthusiasm. With a high short float, a beat could trigger a vicious squeeze, but the fundamental backdrop for a sustained rally does not exist. If you’re trading this, be nimble.

CRWD — CrowdStrike Holdings, Inc. | Reports: Wednesday, August 26 (After Close) Consensus: EPS $0.29, Revenue $1.44B Action: BUY on confirmed strong ARR growth — the July 2024 incident recovery story is now a tailwind, not a headwind — cybersecurity spending is structural. Claude’s take: CrowdStrike’s print is being watched closely because it offers a real-time read on enterprise cybersecurity budget health and whether the Falcon platform has fully recovered market confidence after the infamous 2024 outage incident. The $0.29 EPS on $1.44B revenue looks conservative — CRWD has been a serial beater, and Net New ARR (Annual Recurring Revenue) is the metric that matters most: analysts want to see $200M+ in net new ARR. The AI-native security angle (Charlotte AI) and expansion into SIEM/log management with the LogScale acquisition are contributing to platform stickiness and upsell. With cybersecurity threat volumes rising and AI-generated attacks multiplying, budget cuts in this category are rare — CRWD is well-positioned to deliver a strong quarter.

OKTA — Okta, Inc. | Reports: Wednesday, August 26 (After Close) Consensus: EPS $0.96, Revenue $0.79B Action: BUY on weakness if the stock dips pre-print — Okta is a turnaround-in-progress with improving execution but still carries headline risk from its 2023 breach. Claude’s take: Okta’s identity security platform is mission-critical infrastructure, and the company has been methodically rebuilding trust and pipeline after its security breach damaged customer confidence two years ago. RPO (Remaining Performance Obligation) growth and net retention rate (NRR) are the two metrics that will drive the reaction. The $0.96 EPS on $790M is achievable but requires continued improvement in large enterprise deal closures. The identity security market is growing rapidly as zero-trust architectures become mandatory for regulated industries, and Okta is the market leader — any confirmation of deal velocity re-acceleration makes this a compelling hold into Q4.

SNPS — Synopsys, Inc. | Reports: Wednesday, August 26 (After Close) Consensus: EPS $3.67, Revenue $2.44B Action: BUY — EDA software is a secular winner in the chip design supercycle, and SNPS is the premier name in the space. Claude’s take: Synopsys is the dominant player in Electronic Design Automation (EDA), the software that chip designers use to create semiconductors — and in a world where every hyperscaler (Apple, Amazon, Google, Microsoft) is designing custom silicon, demand for Synopsys tools is structurally elevated. The pending (or completed, depending on regulatory timeline) acquisition of Ansys adds simulation software to the portfolio. The $3.67 EPS on $2.44B revenue is well-supported by backlog visibility, and Synopsys tends to guide conservatively. The main risk is any China EDA export restriction escalation that could curtail Chinese customer revenues. This is a quality compounder that swing traders can buy into weakness and hold through the print.

ANF — Abercrombie & Fitch Co. | Reports: Wednesday, August 26 (Before Open) Consensus: EPS $1.90, Revenue $1.24B Action: BUY the dip if there’s a post-earnings pullback — ANF has been a multi-year turnaround success story and the brand momentum is real, but priced for perfection. Claude’s take: Abercrombie’s transformation from its problematic legacy brand positioning to a millennial/Gen-Z lifestyle brand has been one of retail’s great turnaround stories, with the stock compounding massively off its 2020 lows. At $1.90 EPS on $1.24B revenue, the bar is elevated, and any comp disappointment (especially from Hollister, which targets a younger cohort more exposed to consumer confidence softness) will be punished immediately. Watch the gross margin trajectory and the international (especially EMEA) growth commentary. The stock has likely priced in a good quarter, so a clean beat-in-line prints sideways-to-down, while a beat-and-raise is the only setup for a real gap up.

DY — Dycom Industries, Inc. | Reports: Wednesday, August 26 (Before Open) Consensus: EPS $4.70, Revenue $1.97B Action: BUY — Dycom is one of the cleanest infrastructure/broadband spending plays available, with multiyear revenue visibility from telecom buildout contracts. Claude’s take: Dycom provides specialty contracting services to telecom companies (AT&T, Comcast, Lumen, Frontier) for fiber, broadband, and 5G network deployment — a business with a massive multi-year tailwind from the BEAD program (Broadband Equity Access & Deployment) and private telecom CapEx cycles. The $4.70 EPS on $1.97B is a solid bar, and DY’s backlog visibility is among the best in the market, so guidance updates are particularly credible. This is an under-followed name relative to its fundamental quality — an anticipation score of 3 suggests retail isn’t positioned, which often means the easy money is on the long side if the print is clean.

📅 Thursday, August 27

MRVL — Marvell Technology, Inc. | Reports: Thursday, August 27 (After Close) Consensus: EPS $0.93, Revenue $2.71B Action: BUY — Custom silicon (XPUs) for AI data centers is Marvell’s growth engine, and this is the most important semiconductor earnings print of the week after NVDA. Claude’s take: Marvell’s transformation into an AI infrastructure semiconductor company — driven by custom ASIC development for hyperscalers (Amazon Trainium, Google TPU fabric interconnects) and its PAM4 optical DSPs for 400G/800G data center connectivity — makes it one of the most direct NVDA earnings read-throughs in the market. The anticipation score of 31 is second only to NVDA this week, reflecting serious institutional and retail interest. At $0.93 EPS on $2.71B revenue, Marvell needs to show AI-related revenue running at a significant portion of the data center mix (analysts estimate 40–50% of data center revenues are AI-related). Strong NVDA earnings the night before would set MRVL up for a positive pre-market read, while any NVDA disappointment would cap MRVL’s upside even on a clean beat. This is a high-conviction swing trade long for those already bullish on the AI infrastructure cycle.

IREN — IREN Limited | Reports: Thursday, August 27 (After Close) Consensus: EPS -$0.31, Revenue $0.14B Action: AVOID longs pre-print, watch for a volatility trade — Bitcoin mining economics and AI data center pivot story are both in flux, making the range of outcomes very wide. Claude’s take: IREN (formerly Iris Energy) is a dual-narrative stock — Bitcoin miner and now AI cloud compute infrastructure provider, using its low-cost hydro-powered data centers in Canada and the U.S. The anticipated loss of $0.31 on $140M revenue reflects the capital-intensive nature of mining, and the stock will trade primarily on (1) Bitcoin price action at the time of the print, (2) progress in converting mining capacity to NVIDIA H100/H200 GPU AI cloud leasing, and (3) hash rate growth guidance. The anticipation score of 13 is notable — retail is very interested in this name as a leveraged Bitcoin + AI play. The problem is predicting the reaction: an “AI revenue” beat alongside a Bitcoin mining miss creates narrative confusion. Wait for the dust to settle post-print before entering.

ADSK — Autodesk, Inc. | Reports: Thursday, August 27 (After Close) Consensus: EPS $3.12, Revenue $2.01B Action: BUY on weakness — Autodesk’s SaaS transition is complete, cash flow is strong, and the AEC/manufacturing cycle has secular AI tailwinds. Claude’s take: Autodesk completed its transition from perpetual licensing to subscription SaaS, and the company is now generating strong and predictable free cash flow. The $3.12 EPS on $2.01B revenue is achievable, and the focus will be on RPO/NTM billings growth and any early monetization of Autodesk AI (integrated into AutoCAD, Revit, Fusion) features. The AEC (Architecture, Engineering, Construction) market has been somewhat subdued with higher interest rates dampening construction starts, but manufacturing/product design software demand remains healthy. ADSK trades at a valuation premium that requires consistent execution — a clean beat with in-line guidance is sufficient to hold shares, while raised guidance would be a catalyst for a leg higher.

WDAY — Workday, Inc. | Reports: Thursday, August 27 (After Close) Consensus: EPS $2.63, Revenue $2.63B Action: BUY on confirmed Subscription Revenue beat — enterprise HR/Finance cloud is resilient, and the AI agent workflow story is beginning to monetize. Claude’s take: Workday is the gold standard for enterprise HCM (Human Capital Management) and financial management SaaS, with a deeply entrenched customer base of Fortune 500 companies. The identical EPS and revenue consensus of $2.63 is a statistical curiosity but reflects a well-modeled story. Subscription Revenue growth (not just total revenue) and the 12-month cRPO backlog are the metrics that institutional money watches — anything above 15% subscription growth YoY would be well-received. Workday has been integrating AI agents for tasks like automated performance reviews, procurement workflows, and financial close processes, and early customer adoption metrics will color the narrative. A reliable, institutional-quality swing trade for those wanting enterprise software exposure without NVDA’s volatility.

BBY — Best Buy Co., Inc. | Reports: Thursday, August 27 (Before Open) Consensus: EPS $1.34, Revenue $9.51B Action: AVOID — Consumer electronics retail is highly cyclical, and without a major product refresh cycle (no blockbuster new device category), traffic trends are difficult to move. Claude’s take: Best Buy is a high-quality operator in a structurally challenged category — physical consumer electronics retail. The $1.34 EPS on $9.51B revenue reflects a modest, achievable bar, but same-store sales comps have been running negative for multiple quarters as the post-pandemic electronics upgrade cycle normalizes. The wildcard is the AI PC refresh cycle: if Microsoft/Intel/AMD’s Copilot+ AI PC push is gaining traction, Best Buy could see an uptick in laptop and desktop sales that wasn’t in the model. Management’s tone on the consumer environment and holiday season inventory planning will be more informative than the headline number. Not a compelling swing trade either direction.

BILI — Bilibili Inc. | Reports: Thursday, August 27 (Before Open) Consensus: EPS $0.13, Revenue $1.16B Action: AVOID unless you have high conviction on China internet re-rating — BILI is a high-beta China ADR that trades on sentiment more than fundamentals. Claude’s take: Bilibili is China’s premier long-form video platform for Gen-Z users — often called “the YouTube of China” — with gaming, live streaming, and premium subscription revenue streams. The $0.13 EPS on $1.16B revenue is a meaningful improvement from prior-year losses, reflecting the company’s multi-year push toward profitability. The market cares about daily active users (DAU), average revenue per user (ARPU), and whether the mobile gaming pipeline has titles that can drive a meaningful monetization uplift. The stock is heavily influenced by China tech sentiment, regulatory risk, and the broader U.S.-China ADR narrative — factors that have nothing to do with the quarterly print. Trade accordingly.

AFRM — Affirm Holdings, Inc. | Reports: Thursday, August 27 (After Close) Consensus: EPS $0.33, Revenue $1.11B Action: BUY if consumer credit metrics hold — Affirm is the structural winner in BNPL, and debit-linked BNPL adoption is still in early innings. Claude’s take: Affirm is the most sophisticated and institutionally credible player in the Buy Now Pay Later space, with partnerships across Amazon, Shopify, Apple Pay Later, and major retailers. The $0.33 EPS on $1.11B GMV-driven revenue looks achievable, but the real metrics are Gross Merchandise Volume growth, revenue less transaction costs (RLTC), and delinquency/charge-off trends. With consumer credit under mild stress, Affirm’s prime-leaning underwriting model has actually been a differentiator vs. competitors (Klarna, Afterpay) that skew subprime. Any acceleration in RLTC margins above 4% alongside GMV growth north of 30% YoY would be a significant positive catalyst. Affirm is a crowded retail long but the fundamentals support the position.

ESTC — Elastic N.V. | Reports: Thursday, August 27 (After Close) Consensus: EPS $0.59, Revenue $0.47B Action: BUY on confirmed beat — Elastic’s AI-native search and observability platform is gaining enterprise traction in a market increasingly aware of the importance of vector search for RAG applications. Claude’s take: Elastic operates the Elasticsearch platform, which has become critical infrastructure for enterprise AI deployments — specifically retrieval-augmented generation (RAG) applications that need fast semantic/vector search at scale. This positions Elastic uniquely at the intersection of observability, security analytics, and AI infrastructure. The $0.59 EPS on $470M revenue reflects a company executing well on its transition to cloud-delivered SaaS. The key metric is cloud revenue growth and net expansion rate within the existing customer base — if large enterprises are expanding their Elastic deployments to support AI workloads (as anecdotal evidence suggests), this print could be a significant upside surprise. A high-conviction long for the AI infrastructure trade beyond the obvious hyperscaler names.

📅 Friday, August 28

CANG — Cango Inc. | Reports: Friday, August 28 (Before Open) Consensus: EPS -$0.90, Revenue ~$100M Action: AVOID — Chinese auto finance platform in transition with no clear near-term catalyst; the EV pivot story is unclear. Claude’s take: Cango was originally a Chinese auto financing platform that has been pivoting its business model amid regulatory shifts and auto market volatility in China. The expected loss of $0.90 and the small revenue estimate reflect a business model in flux. Without a clear growth narrative and with an anticipation score of only 1, this is not a swing-trade earnings play. Monitor from a distance.

MNSO — MINISO Group Holding Limited | Reports: Friday, August 28 (Before Open) Consensus: EPS N/A (no estimate), Revenue ~$860M Action: NEUTRAL — watch for the print but don’t position pre-earnings — MINISO is a legitimate Chinese consumer discretionary growth story but illiquid for active trading. Claude’s take: MINISO is a Chinese variety retailer (think Dollar Store meets quirky pop-culture merchandise) with aggressive global expansion into Southeast Asia, Latin America, and the U.S. via its IP-themed product lines (Disney, Marvel, Sanrio collaborations). Revenue around $860M would represent healthy growth, and the company has been executing well on international store openings. However, the ADR trades thinly in the U.S. and the reaction to earnings tends to be limited. Worth monitoring for a longer-term position thesis, but not a one-week swing trade.

NSSC — NAPCO Security Technologies, Inc. | Reports: Friday, August 28 (Before Open) Consensus: EPS $0.41, Revenue ~$200M Action: BUY on any post-earnings dip to support — NAPCO is a high-quality, under-the-radar security technology compounder with recurring revenue growth. Claude’s take: NAPCO Security is a small-cap gem in the physical security space, selling access control, locking, and alarm communication products with an increasingly recurring SaaS-like revenue stream from its StarLink cellular radio network monitoring service. The $0.41 EPS on $200M is a solid bar, and NAPCO has a consistent history of beating and raising. Institutional ownership has been growing as the recurring revenue mix expands — this is the type of small-cap quality compounder that gets re-rated over time. An anticipation score of only 1 suggests the setup is relatively clean without excessive pre-earnings positioning. A confirmed beat would be a legitimate swing trade entry for a hold into mid-September.

AMTY — Amerityre Corp. | Reports: Friday, August 28 (Before Open) Consensus: N/A, Revenue N/A Action: AVOID — Micro-cap tire manufacturer with no analyst estimates and no tradeable liquidity. Not a swing trade.

BUFF — Blue Buffalo Pet Products, Inc. | Reports: Friday, August 28 (Before Open) Consensus: N/A, Revenue N/A Action: AVOID — Note: Blue Buffalo was acquired by General Mills in 2018; if this represents a spin-off or rebranded entity, no meaningful data is available. Approach with extreme caution and verify corporate structure before trading.

BVNRY — Bavarian Nordic | Reports: Friday, August 28 (Before Open) Consensus: N/A, Revenue N/A Action: AVOID for swing traders — Danish biotech/vaccine company with a U.S. ADR; earnings driven by mpox (monkeypox) vaccine demand and Imvamune/Imvanex contract revenues that are inherently lumpy and unpredictable. Claude’s take: Bavarian Nordic is the manufacturer of Jynneos (mpox vaccine), which saw extraordinary demand during the 2022 global mpox outbreak. Revenues since then have normalized as emergency stockpiling demand has settled into base purchasing from national strategic reserves. Without a major public health event, Bavarian Nordic’s results will be relatively quiet. The thin ADR volume makes this untradeable for most U.S.-based swing traders.

BWLP — BW LPG Limited | Reports: Friday, August 28 (Before Open) Consensus: N/A, Revenue N/A Action: AVOID — Norwegian LPG tanker company primarily listed on Oslo Stock Exchange; U.S. ADR is illiquid and the print is not expected to move materially. Claude’s take: BW LPG is one of the world’s largest LPG (propane/butane) tanker operators. LPG tanker rates have been moderately supported by strong U.S. LPG export demand to Asia, but the stock is effectively untradeable in its ADR form. If you want tanker/shipping sector exposure, FLNG or CLCO are more liquid alternatives.

CMAKY — China Minsheng Banking Corp. | Reports: Friday, August 28 (Before Open) Consensus: N/A, Revenue N/A Action: AVOID — Chinese mid-tier bank with significant commercial real estate loan exposure; the regulatory and balance sheet risk is asymmetric to the downside, and the ADR is illiquid. Claude’s take: China Minsheng Bank has been under pressure from China’s commercial real estate crisis and the ongoing stress in the developer sector. Any earnings release will be scrutinized for NPL (non-performing loan) ratio trends and capital adequacy — not a print that generates actionable swing trades for U.S. retail traders.

Economic Calendar

⚠️ Note: The three data events below are from the prior week (August 19–20). They will have already hit the tape before markets open on August 24, but their implications — particularly from the FOMC Minutes — will shape the tone of the full August 24–28 week.

FOMC Meeting Minutes — Wednesday, August 19 | 2:00 PM ET (prior week — impact carries into this week) Forecast: N/A | Previous: N/A Market impact: The Minutes from the last FOMC meeting are the most consequential release of the pre-week period. Traders will dissect the committee’s discussion on the pace of rate cuts, the balance of risks between inflation reacceleration and labor market softening, and any disagreement among members about the timing of the next move. If the Minutes reveal a committee leaning more hawkish than the market expects (i.e., fewer cuts priced in for 2026), expect bond yields to rise and rate-sensitive sectors (utilities, REITs, growth tech) to face headwinds as the new week opens. If the Minutes confirm a dovish consensus building around a September cut, QQQ and growth names get an immediate tailwind that could amplify the NVDA reaction on Wednesday.

Philly Fed Manufacturing Index — Thursday, August 20 | 8:30 AM ET (prior week) Forecast: 24.3 | Previous: 41.4 Market impact: The forecast of 24.3 vs. a prior reading of 41.4 represents a significant expected deceleration in Mid-Atlantic manufacturing activity — if the actual print comes in near or below forecast, it adds to evidence of a softening industrial cycle, which weighs on industrial and materials stocks. The large expected drop from 41.4 to 24.3 means the bar for a “miss” is actually quite low — a print above 24 will be seen as resilient, while a sub-20 reading heading into this week could dampen cyclical sentiment. For swing traders, this data colors the consumer/industrial read that retailers like DKS, M, and KSS will face during the August 24 week.

Unemployment Claims — Thursday, August 20 | 8:30 AM ET (prior week) Forecast: 210K | Previous: 209K Market impact: Claims at 210K would signal a still-healthy labor market with essentially no deterioration week-over-week — a Goldilocks reading that supports consumer spending stocks (DKS, WSM, BBY) heading into their earnings prints this week. A surprise spike above 230K would revive recession fears and pressure consumer discretionary names broadly, while a sub-200K print would be read as inflationary (too-hot labor market = fewer rate cuts) and could modestly pressure growth/rate-sensitive tech.

IPO Watch

The most notable recently-priced IPOs are highlighted below. The bulk of the priced names from late May 2026 are now approximately 13 weeks post-IPO — approaching or past typical early lock-up expiry windows for smaller SPACs (which use 180-day lockups), but meaningful for the operational companies that went public.

CBRS — Cerebras Systems Inc. | $5.55B offering Cerebras priced at $185 and represents one of the most significant AI chip IPOs since the current AI cycle began — a direct challenger to NVIDIA with its wafer-scale AI processors designed for large language model training. The stock’s performance heading into NVDA’s earnings on Wednesday will be highly correlated: a strong NVDA print validates AI infrastructure spending broadly and should lift CBRS, while an NVDA stumble raises questions about the entire AI chip ecosystem. Retail should not be adding on day-1 momentum at current levels — at $5.55B raised and a market cap likely well above that in secondary trading, valuation is stretched. Wait for the NVDA earnings reaction, then assess CBRS at a more attractive entry. The lock-up expiry (typically 180 days from IPO, so around November 2026) is when institutional selling pressure peaks — that’s the real opportunity to buy the dip.

BXDC — Blackstone Digital Infrastructure Trust Inc. | $1.75B offering Blackstone’s digital infrastructure REIT priced at $20, raising $1.75B to invest in data centers, fiber networks, and AI-enabling physical infrastructure. The thesis is compelling: institutional-quality data center assets with Blackstone’s deal flow and management expertise, wrapped in a REIT structure that provides income alongside infrastructure growth. This is a less volatile way to play the AI infrastructure buildout compared to semiconductor names. Day-1 buy? Only if your time horizon is 12+ months — REIT-like vehicles tend to trade on yield compression over time rather than short-term earnings catalysts. The NVDA print this week will color sentiment toward all AI infrastructure names including BXDC.

FRVO — Fervo Energy Co | $1.89B offering Fervo is a next-generation geothermal energy company that raised $1.89B in one of 2026’s most notable clean energy IPOs, priced at $27. Enhanced geothermal systems (EGS) represent a potentially transformative baseload clean energy technology, and Fervo has backing from major utilities and corporate PPA buyers. The data center energy demand story is the key driver here — hyperscalers desperately need 24/7 clean baseload power that solar and wind can’t provide, and geothermal is emerging as the answer. This is a legitimate long-term hold post-lockup, but the $1.89B IPO valuation means patient capital is rewarded over swing trading. Hold for early operational milestones rather than trading the first few weeks of volatility.

SPCX — Space Exploration Technologies Corp (SpaceX) | $75B offering (Filed, not yet priced) The SpaceX IPO filing at $75 billion is the most anticipated and significant capital markets event on the horizon. The company’s Starlink internet division alone has been valued by analysts at $100B+, and the full SpaceX launch services, Starship, and future Mars/interplanetary business make this a generational IPO. The filing does not mean pricing is imminent — SpaceX is notoriously selective about public market exposure, and the actual IPO date is uncertain. However, the filing’s existence means retail should be watchlisting CBRS, BXDC, IREN, and related space/AI infrastructure names as proxies in the near term. When SpaceX actually prices and begins trading, demand will be unlike anything since Alibaba’s 2014 listing. Do not confuse the filing with an actionable near-term trade.

QNT — Quantinuum Inc. | $1.68B offering (Filed, not yet priced) Quantinuum is the quantum computing spinout of Honeywell and Cambridge Quantum, raising $1.68B in a filing that signals the quantum era is approaching commercialization. The company’s trapped-ion quantum hardware has demonstrated meaningful error correction milestones. For swing traders, the IPO filing creates a halo effect on existing quantum computing stocks — IonQ (IONQ), Rigetti (RGTI), and D-Wave (QBTS) may see sympathetic moves when Quantinuum pricing is announced. Watch for the roadshow timeline as a catalyst for the broader quantum computing complex.

LCLN — Lincoln International, Inc. | $421M offering | Priced at $20 Lincoln International is a premier middle-market investment bank and advisory firm, raised $421M at $20 in May 2026. Advisory businesses have been resilient as M&A volumes recover in 2025–2026 with lower interest rates enabling LBO activity. This is a quality business at a reasonable valuation — the direct comp to Lazard (LAZ) and Evercore (EVR) suggests LCLN should trade at a premium to mid-market peers given its deal flow visibility. Retail traders should wait for the first quarterly earnings post-IPO (likely late September/October) to establish a position with fundamental data, rather than trading the post-IPO momentum fade.

Week Ahead Summary

🔴 Biggest Risk: NVDA disappoints. If NVIDIA misses on revenue or provides cautious Q3 guidance Wednesday after close, the fallout would be severe and broad — expect QQQ to gap down 3–5%, SOX to fall 6–8%, and correlated names (MRVL, CRWD, CRM) to face sympathy selling Thursday regardless of their own prints. The NVDA report is a binary event for the entire tech sector. Traders should right-size positions into Tuesday’s close with defined stops, avoid over-concentration in any single AI name, and have a hedging plan (QQQ puts, SOXS) in place before Wednesday afternoon.
🟢 Biggest Opportunity: The Mega-Tech Beat scenario. If NVDA, CRM, CRWD, and MRVL all deliver strong beats in a 48-hour window (Wednesday night through Thursday night), the resulting re-rating of QQQ could produce a multi-percent rally that creates breakout opportunities across the AI ecosystem — including SNPS, ADSK, ESTC, and WDAY. Wednesday’s pre-market retail prints (KSS, ANF, DY) set the tone early; strong DY and ANF results alongside a resilient consumer backdrop would give bulls confidence heading into the NVDA print.
📊 Key Levels to Watch — SPY: Watch $575 as near-term support (the level that has held through the August volatility period); a break below on NVDA miss fears would target $562. On the upside, $595 is the next resistance zone — a strong NVDA beat + CRM beat combo could test that level by Friday. QQQ: $490 is critical support; $510 would be the target on a strong AI earnings sweep. SOX (Philadelphia Semiconductor Index) at 5,500 is the level institutional traders are watching — a confirmed hold above that on NVDA earnings day signals the AI trade has legs into Q4.
⚖️ Overall Positioning Recommendation: Balanced with an AI earnings event bias. Go into Monday with roughly 60% of your intended tech/growth exposure deployed — enough to benefit from early-week positive momentum from DKS, WSM, and INTU beats, but with dry powder reserved to add aggressively on any NVDA-driven Tuesday/Wednesday dip, or to step aside if macro sentiment deteriorates. The FOMC Minutes from the prior week will set the interest rate tone for the whole week — if they confirm dovish intent, lean more risk-on; if they signal higher-for-longer, trim duration and growth exposure proportionally.
🗓️ Don’t Ignore the Consumer Read. Beyond the AI tech mega-prints, the week delivers a complete consumer spending report card: M (department store), DKS (sporting goods), WSM (home/premium), KSS (mid-market), ANF (youth apparel), BBY (electronics), and AFRM (BNPL/installment payments). Collectively these prints will tell us whether the U.S. consumer is holding firm or beginning to crack under the weight of cumulative inflation and credit tightening — a read that matters just as much for the Fed’s rate path as any manufacturing data. If the consumer cohort broadly misses, XRT (Retail ETF) is a short into the back half of August.