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Morning Note - 08/13/26: PPI Due Out At 8:30 a.m. EDT, Stocks Up Modestly

By Jack Bahrenburg | Market Rebellion · August 13, 2026

Overnight Summary and Early Morning Trading:

  • The S&P 500 finished Wednesday higher by 0.26% at 7748.50 from Tuesday lower by -0.32% at 7728.29.
  • 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.
  • Bond Market is lower today on price with the 10-Year Yield at 4.709% from 4.668%.

Executive Summary:

  • Stocks are now in a two-week winning streak, with the S&P 500 rising 3.58% in the last week, ended 8/7.
  • U.S. moves into Week 25 of its attack on Iran, almost six months. Now we are back to negotiating a deal with Iran.

Key Geopolitical Events of Note:

  • Economic news of note.
    • Weekly - Jobless Claims and Natural Gas Inventories of note.
    • Monthly –  PPI of note.
  • President Trump’s schedule:
    • Participates in Executive Time at 8:00 a.m. EDT.
    • Receives the Intelligence Briefing at 11:00 a.m. EDT.
    • Participates in Signing Time at 2:00 p.m. and 3:00 p.m. EDT.
    • Participates in Policy Meeting at 5:00 p.m. EDT.
  • Fed Speakers of Note:  
    • Federal Reserve Cleveland President Beth Hammack at 8:15 a.m. EDT.
    • Federal Reserve Richmond President Tom Barkin at 8:40 a.m. EDT.
  • 30-Year Note Auction at 1:00 p.m. EDT.

Capital Raises of Note/Pricings:

  • IPO Filings & News: ATTO BRVE OCLT VOGX due out this week.
  • Secondaries Filed Or Priced:
    • DKL launches $175 million common unit offering.
    • DVLT: Form S-3.. 11,327,869 Shares of Common Stock.
    • RHP closes 5.865 Million-share common offering at $117 per share; underwriters fully exercise option.
    • OTLK - Pricing of $55.0 Million Public Offering of Common Stock and Warrants.
    • SHAZ: Form S-1.. 8,021,282 Shares of Class A Ordinary Common Stock.
  • Notes Filed Or Priced:
    • ARE - Pricing of Public Offering of $1,000,000,000 of Series A Fixed-to-Fixed Reset Rate.
      Junior Subordinated Notes due 2057
  • 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:
    • CUE files for 1,505,570 share common stock offering by selling stockholders.
  • Mixed Shelf Offerings:
    • ALLO files for $500 million mixed securities shelf offering.

AFTER THE CLOSE:

Earnings After The Close:

    • Beats:  ENS +0;83, REZI +0.36, JACK +0.15, COHR +0.12, AOSL +0.11, GO +0.07, CSCO +0.05, HLIT +0.05, CAE +0.03, ENVX +0.02  of note.
    • Misses: CBRS -2.81, ANDG -0.18, PAAS -0.14, STUB -0.11, BTGO -0.11, STAA -0.06, AVEX -0.06  of note.
    • Flat:  None of note.

Movers After The Close: 

    • Winners From After The Close:  CURI +22.1%, OMER +20.8%, HLIT +18.8%, TBBB +13.8%, NOA +11.8%, ENS +11.7%,  FOSL +10.1%, GO +9.1%, PESI +7%, EQPT +5.5%, JACK +3.8%, ALLO +3.4% of note.
    • Losers From Last Week:  STUB -14.8%, CBRS -14.7%,  AOSL -13%, SPCE -9.4%, KE -8.6%, REZI -6.8%, PAAS -6%, LFTO -5.4%, SPIR -5%, AVEX -4.2%, CSCO -3.9%, COHR -3%  -of note.

News after the close:

    • Chefs' Warehouse (CHEF) issued notice to redeem all outstanding 2028 convertible senior notes on Oct. 15, 2026.
    • Robinhood (HOOD) reported July funded customers of 28.5 million, up about 80,000 from June, while total platform assets fell 4% month/month to $355 billion.
    • Cisco (CSCO)  prelim Q4 $1.22 vs $1.17 FactSet Consensus; revs $17.25 billion vs $16.84 billion FactSet Consensus.
    • Cerebras (CBRS) misses by $2.81, misses on revs; Issues Q3 and FY26 guidance.  
    • H.B. Fuller (FUL) confirms unsolicited $1.1 billion-$1.2 billion cash proposal for Building Adhesive Solutions unit.
    • HLIT delays 10-Q.

Executive, Corporate Changes:

    • CTRI names Kelly Youngblood CFO, Danielle Hunter chief legal and administrative officer.
    • FRMI names Lee McIntire as Chief Executive Officer.

Buybacks of Note:

    • MHO authorizes new $250 million share repurchase program.
    • BTGO authorizes $50 million buyback program.
    • CRS authorizes new $1.0 billion share repurchase program.

What Happening This Morning:

Futures S&P 500 +15, NASDAQ 100 +34.50, Dow Jones +125. Europe is higher ex FTSE while Asia is lower ex Japan. Bond yield is at 4.67% from 4.667% on the 10-Year. Crude Oil and Brent Crude are lower with Natural Gas lower. Gold, Silver and Copper are lower. The U.S. Dollar is higher versus the Euro, higher against the Pound and lower against the Yen. Bitcoin is at $63,553.

Sector Action:

  • Daily Financials, Communication Services, Industrials, Real Estate and Consumer Defensive led the way higher
  • Daily: Materials, Energy and Utilities 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)

  • Thursday After the Close:

  • Friday Before the Open: None of note.

Notable Earnings of Note This Morning: 

  • Beat: JD +0.68, AIT +0.26, BSP +0.22, YETI +0.13, FIGR +0.11, ALH +0.07, MWH +0.06, TPR +0.04, NOMD +0,02, SSYS +0.02, WWW +0.02, FRMI +0.01  of note.
  • Missed: BLSH -1.87, LGN -0.74, YSWY -0.27, XE -0.,05, BIRK -0.02 of note.
  • Flat: None of note.
  • Still to Report: LUNR MH MLCO MSGS ELMT of note.

Company Earnings Guidance:

  • Positive Guidance: After The Close & This Morning:  MWH
  • Mixed –  BSP BIRK of none.
  • Negative or Mixed Guidance:

Advance/Decline Daily Update:

Gap Ups & Down In Early Pre-Market::

  • Gap Up: ARX +44.1%, CURI +33.8%, HLIT +22.6%, OMER +18.4%, ENS +13.5%, GO +12.1%, CGEM +9.7%, BIRK +9.3%, WWW +8.6%, NOA +8.2%, FOSL +7.2%, AZ +6.7%, EQPT +6.4%, JACK +6.3%, TBBB +6.1%, CAE +4.7%, AIT +4.2%, WYFI +3.8%, BLSH +3.7%, STAA +3.5%, ISSC +3.3%, PHAR +3.1%, PESI +3%, PHM +2.2%  of note
  • Gap Down:    OTLK -22.7%, CBRS -18%, STUB -17.7%, DKL -11.7%, SPCE -11.2%, AOSL -10.6%, PLGO -9.9%, ANDG -9.3%, TPR -8.2%, REZI -7.6%, SPIR -7.4%, CSCO -6.3%, GMRS -6.3%, CEPL -6.2%, OPEN -5.6%, PAAS -5%, COHR -4.3%, SHAZ -3.8%, YETI -3.6%, BTGO -3.5%, INFQ -3.1%, JD -2.9%, AVEX -2.7%, XNET -2.6%, CUE -2.3%, LFTO -2.2% of note.

Insider Action: BBBY RSG UA APTV  sees Insider Buying with dumb short selling. ALTO VISN  see Insider Buying with smart short sellers. Above $100,000 in purchases with high shorts but no history: Q 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.

  • Tariff Refunds Are Super Charging Earnings. (WSJ)
  • Gulf Oil Giants Build Way Around the Strait of Hormuz. (NYT)
  • Market Wrap: Stocks Near Record High Before PPI. (Bloomberg)
  • Anthropic Looks to Buy Decart. (Bloomberg)

Economic & Geopolitical:

  • Federal Reserve Speakers of note today:
    • Federal Reserve Cleveland President Beth Hammack at 8:15 a.m. EDT.
    • Federal Reserve Richmond President Tom Barkin at 8:40 a.m. EDT.
  • President Trump’s schedule for today:
    • Participates in Executive Time at 8:00 a.m. EDT.
    • Receives the Intelligence Briefing at 11:00 a.m. EDT.
    • Participates in Signing Time at 2:00 p.m. and 3:00 p.m. EDT.
    • Participates in Policy Meeting at 5:00 p.m. EDT.
  • Economic Data Out –
    • Monthly
      • July PPI is due out at 8:30 a.m. EDT and is expected rise to 0.1% from -0.3%.
    • Weekly
      • Jobless Claims are due out at 8:30 a.m. EDT.
      • Natural Gas Inventories are due out at 10:30 a.m. EDT.

M&A Activity & Daily: None of note.

Moving Average Table: 93% from 93% of Equities are Positive, and 28% from 4% Bonds are Positive.

Meeting & Conferences of Note:

  • Sellside Conferences:
    • Canaccord Growth Conference
    • JP Morgan Auto Conference
    • Oppenheimer TIC Conference
    • Raymond James Energy Summit
    • Raymond James Industrial
  • Top Analyst, Investor: ATH IDXX SNDK of note.
  • Shareholder Meetings: ARES GAME NRDT PYX 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: ESTA FIVE INO OGS   of note.

Downgrades: TROX of note.

Initiations:  Buys: ALGM KZIA MTSI PLYX SBSW of note.  Sells: None of note.