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Morning Note – 08/18/26: Tech Faded Yesterday From Late Morning And That Looks to Continue Today

By Jack Bahrenburg | Market Rebellion · August 18, 2026

Overnight Summary and Early Morning Trading:

  • The S&P 500 finished Monday lower by -0.52% at 7745.06 from Friday lower by -0.17% at 7785.76.
  • The S&P 500 sees support now at 7700 from 7600. Resistance is now at 7800 from 7700. In the last four months, support has moved from 6300 to 7700.
  • The QQQ (Nasdaq-100 Index ETF) sees support now at 720 from 730. Resistance is now at 730 from 740.
  • Bond Market is lower today on price with the 10-Year Yield at 4.736% from 4.688%.

Executive Summary:

  • Stocks are now in a three-week winning streak, with the S&P 500 rising 0.36% in the last week, ended 8/14.
  • U.S. moves into Week 26 of its attack on Iran, almost six months. Now we are back to negotiating a deal with Iran.
  • The S&P 500 is now on a 2-day losing streak.

Key Geopolitical Events of Note

  • Economic news of note.
    • Weekly – API Petroleum Institute of note.
    • Monthly – Housing Starts and Industrial Production of note.
  • President Trump’s schedule:
    • Participates in Executive Time at 8:00 a.m. EDT.
    • Participates in a Policy Meeting at 11:00 a.m. EDT.
    • Participates in a Policy Meeting at 12:00 p.m. EDT.
    • Participates in a Policy Meeting at 2:30 p.m. EDT.
    • Participates in a Policy Meeting at 4:00 p.m. EDT.
    • Participates in a Policy Meeting at 5:00 p.m. EDT.
  • Fed Speakers of Note:  
    • None of note.

Capital Raises of Note/Pricings:

  • IPO Filings & News: due out this week
    • LYNX (Lyntris Inc.) – Expected Wednesday, August 19. Offering 24.0M shares in an estimated price range of $19.00–$22.00 (raising ~$492M–$607M) on the NYSE.
    • NSAIU (NorthStrive Acquisition Corp. I) – Expected Tuesday, August 18. Offering 10.0M units at $10.00 (raising $100M) on the NASDAQ.
    • SCATU (SC Acquisition Corp.) – Scheduled for the week of August 17. Offering 10.0M units at $10.00 (raising $100M).
  • Secondaries Filed Or Priced:
    • ZNTL closes 26.45 million-share common stock offering at $3.50/share, with full option exercise.
    • ANDG launches secondary offering of 4.28 million Class A shares.
    • INDP: Form S-3.. Up to 58,895,000 Shares of Common Stock.
    • XAIR: Form S-3.. 5,417,538 Shares of Common Stock.
  • Notes Filed Or Priced:
    • BXP – Prices $700 Million Offering of Senior Unsecured Notes.
  • Convertible Offerings Filed or Priced: None of note.
  • Private Placement: None of note.
  • Direct Offering: None of note.
  • Exchangeable Subordinate Voting Shares: None of note.
  • Selling Shareholders:
    • ANDG files for 4,284,457 share common stock offering by selling shareholders.
  • Mixed Shelf Offerings: None of note.

AFTER THE CLOSE:

Earnings After The Close:

    • Beats: FN 0.29, XP +0.08 of note.
    • Misses: None of note.
    • Flat: None of note.

Movers after the close yesterday: 

    • Winners: AMLX+14.5%, FLXS +11.9%, KURA +5.4%  and DUOT +5.4% of note.
    • Losers: FN -5.9%, ANDG -5.6% of note.

News after the close::

    • CACI International (CACI) selected on $981 mln U.S. Space Force NITE-STAR IDIQ.
    • NASA awarded Firefly (FLY) a Spacecraft Processing Operations Contract that makes the company eligible to bid on task orders for payload processing facilities and services at Vandenberg Space Force Base.
    • Rocket Lab (RKLB) added to U.S. Space Force’s $981 million NITE-STAR IDIQ program.
    • Parsons (PSN) awarded a $664.8 million Army contract for technical, logistics, and program management support.
    •  INFQ FIRY delays 10-Q.

Executive, Corporate Changes:

    • KALU names Fred Stephan CEO, president effective Nov. 1; Keith Harvey to become executive chairman.
    • AON names Nadin Virani interim CFO; Edmund Reese exits role immediately.
    • Wendy’s (WEN) announces that Pete Suerken, President, US notified the company of his intention to resign to become CEO of Quality Supply Chain Co-op, the independent purchasing cooperative for the Wendy’s system.
    • MITK names Aaron Seyler chief revenue officer

Buybacks of Note:

    • XZO authorizes $25 million stock repurchase program.

Dividend Changes & Ex-Dividend Stocks:

    • Stocks Going Ex-Dividend Tuesday: CEG PSX REGN WAB FTI CTSH BG EVRG ADM FTS VRSN L SNA CSL ARMK EQX HAS POWL ORA OGC MKTX TPC BGC CGAU EE PLMR OSW EFXT ALNT ENR NVGS.
    • Stocks Going Ex-Dividend Wednesday – SNA $2.44, CVX $1.78, CSL $1.25, MKTX $0.78, RMD $0.66, CHCT $0.33, NGS $0.15, ARMK $0.12, L $0.0625 of note.

What Happening This Morning:

Futures S&P 500 -33.50, NASDAQ 100 -326, Dow Jones -9. Europe is lower ex FTSE while Asia is mixed. Bond yield is at 4.74% from 4.69% on the 10-Year. Crude Oil and Brent Crude are mixed with Natural Gas higher. Gold, Silver and Copper are lower. The U.S. Dollar is higher versus the Euro, higher against the Pound and higher against the Yen. Bitcoin is at $64,300 from $63,604.

Sector Action:

  • Daily Consumer Defensive, Energy, Healthcare, Utilities and Financials led the way higher.
  • Daily: Technology, Industrials,Materials, Communication Services and Consumer Cyclicals were lower.
  • One-Month Winners: Technology, Communication Services, Healthcare and Real Estate of note.
  • Three-Month Winners: Energy, Materials, Utilities, Consumer Defensive and Industrials of note.
  • Six-Month Winners: Energy, Materials, Utilities, Industrials, Healthcare and Consumer Defensive of note.
  • Twelve-Month Winners: Materials, Energy, Industrials, Utilities, Communication Services and Technology of note.
  • Year-to-Date Winners: Energy, B, Consumer Defensive, Utilities and Industrials of note.

Upcoming Earnings Of Note: (Erlanger Chartroom Software – sorted by market cap, highest to lowest with most visible names)

  • Tuesday After the Close

  • Wednesday Before The Open:

Notable Earnings of Note This Morning: 

  • Beat: HD +0.19, AS +0.11 of note.
  • Missed: BIDU -2.13 of note.
  • Flat: None of note.
  • Still to Report: KLAR of note.

Company Earnings Guidance:

  • Positive Guidance: None of note
  • Mixed –None of note.
  • Negative or Mixed Guidance: None of note.

Advance/Decline Daily Update:

Gap Ups & Down In Early Pre-Market::

  • Gap Up: AMLX +24.8%, FLXS +11.2%, HAE +6.6%, KURA +6.4%, INDP +6%, DUOT +5.3%, AS +3.1%, GHI +2.2%of note
  • Gap Down: FN -10.5%, COHR -6.8%, INFQ -6%, HSAI -5.8%, BIDU -5%, HIMX -3.8%, FLY -3.5%, FIRY -3.3%, RKLB -3.1%, ANDG -2.7%, KLIC -2.7%, GEV -2.7%, AON -2.2% of note.

Insider Action: None sees Insider Buying with dumb short selling. None sees Insider Buying with smart short sellers. Above $100,000 in purchases with high shorts but no history: None of note.

Other Trading Action: None of note.

Rags & Mags: Repeated stories from prior days never listed, i.e., “rehashed news”. Sorted by Global, U.S. and stock specific. Bolded source means paywall.

  • Why Trump is Threatening To Bomb Oman Again. (WSJ)
  • It’s Crunch Time For Canada to Avoid New U.S. Tariffs. (NYT)
  • Market Wrap: Stock Futures Fall As Bond Selloff Saps Risk Appetite. (Bloomberg)
  • Global Bond Selloff Sends Long Term Borrowing Costs to Highest in Decades. (Bloomberg)

Economic & Geopolitical:

  • Federal Reserve Speakers of note today:
    • None of note.
  • President Trump’s schedule for today:
    • Participates in Executive Time at 8:00 a.m. EDT.
    • Participates in a Policy Meeting at 11:00 a.m. EDT.
    • Participates in a Policy Meeting at 12:00 p.m. EDT.
    • Participates in a Policy Meeting at 2:30 p.m. EDT.
    • Participates in a Policy Meeting at 4:00 p.m. EDT.
    • Participates in a Policy Meeting at 5:00 p.m. EDT.
  • Economic Data Out –
    • Monthly
      • July Housing Starts is due out at 8:30 a.m. EDT and expected to fall to 1,360,000 from 1,427,000.
      • July Industrial Production is due out at 10:00 a.m. EDT and expected to rise to 0.30% from 0.10%.
    • Weekly
      • API Petroleum Institute is out at 4:30 p.m. EDT.

M&A Activity & Daily: None of note.

Moving Average Table: 83% from 93% of Equities are Positive, and 24% from 36% Bonds are Positive.

Meeting & Conferences of Note:

  • Sellside Conferences: None of note.
  • Top Analyst, Investor: CNI META of note.
  • Shareholder Meetings: AIDX AQMS HURA NXT MCHP of note.
  • Fireside Chat: None of note.
  • FDA Presentation: None of note.
  • R&D Day: None of note.
  • Meetings: None of note.

Upgrades & Downgrades:

The recommendations listed below in this “Upgrade/Downgrade” section are compiled from what we believe are Tier I, II and III firms. Recommendations posted are taken from a variety of sources each day and we only post upgrades or significant initiations as well as downgrades to underweight or sell. The purpose of this posting is to make the reader aware of market-moving recommendations.

Upgrades: BBWI DUOL STRW of note.

Downgrades: ATHM  of note.

Initiations:  Buys: DFTX EDIT GRRR SCTX BUY of note.  Sells: None of note.