Trade Ideas/Updates

Morning Note - 08/17/26: Tech Starts the Week Strong

By Jack Bahrenburg | Market Rebellion · August 17, 2026

Overnight Summary and Early Morning Trading:

The S&P 500 finished Friday lower by -0.17% at 7785.76 from Thursday higher by 0.65% at 7798.99.
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 higher today on price with the 10-Year Yield at 4.688% from 4.709%.

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 1-day losing streak.

Key Geopolitical Events of Note:

Economic news of note.
- Weekly - None of note.
- Monthly – Empire State Manufacturing and NAHB Housing Market Index 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.
- Greets Lifeguard Ryder Williams at 1:00 p.m. EDT.
- Participates in a Policy Meeting at 4:00 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: None of note.
Notes Filed Or Priced: None of note.
Convertible Offerings Filed or Priced:
- O closes $1.0 billion 3.750% convertible senior notes offering due 2031.
Private Placement: None of note.
Direct Offering: None of note.
Exchangeable Subordinate Voting Shares: None of note.
Selling Shareholders: None of note.
Mixed Shelf Offerings:
- CARL files for $250 million mixed securities shelf offering.
- VOYG files mixed securities shelf offering.
- NBR files mixed securities shelf offering.

AFTER THE CLOSE:

Earnings After The Close:

- Beats: None of note.
- Misses: None of note.
- Flat: None of note.

Movers Last Week:

- Winners From Last Week: OMER (17.26 +30.26%), ASMB (32.40 +21.44%), EVH (4.73 +19.62%), ATRO (93.83 +20.68%), HZO (52.11 +46.05%), RRGB (10.25 +25%), PSTG (116.99 +29.91%), STX (962.83 +18.46%), CAMP (5.01 +18.16%), PARR (80.36 +21.22%), HP (44.26 +19.3%), MPC (354.48 +18.87%) of note.
- Losers From Last Week: TCMD (24.07 -18.41%), REZI (20.36 -21.93%), ACM (62.59 -17.47%), HUBG (40.2 -15.9%), TPR (129.49 -20.25%), EYE (19.16 -15.06%), GRPN (21.3 -14.9%), CEVA (32.85 -15.05%), COHR (325.4 -14.17%) of note.

News after the close:

- Lots of 13-F Filings out after the close from Hedge Funds.
- Nvidia (NVDA) take a position in SPCX 122 million shares.
- Nvidia (NVDA) cuts investment in OpenAI to $110 million from proposed $250 million.
- Diana Shipping (DSX) withdraws bid for Genco after board demanded higher terms.
- HLIT delays 10-Q.

Executive, Corporate Changes: None of note.

Buybacks of Note:

- XZO authorizes $25 million stock repurchase program.

Dividend Changes & Ex-Dividend Stocks:

Stocks Going Ex-Dividend Monday XOM KLAC COP COF SO UPS ROK UDR CG GEN DOC CNA DCO JBTM CHE SWX PECO PSMT KGS MUR SIGI BKH REYN IEP OGS NWE STNG PFSI CRGY HIW FHB AWR APAM DHT VISN SH ARR MNR ATEN KRP GIC UMH LNN GNK MSEX SBR.
Stocks Going Ex-Dividend Tuesday - PSX $1.27, REGN $0.94, EVRG $0.70, JEF $0.40, ATKR $0.33, WAB $0.31, AMTB $0.09, FTI $0.05 of note.
BMI increases quarterly cash dividend to $0.44 per share from $0.40 per share.

What Happening This Morning:

Futures S&P 500 +12, NASDAQ 100 +167, Dow Jones -57. Europe is higher ex France while Asia is mixed. Bond yield is at 4.69% from 4.657% on the 10-Year. Crude Oil and Brent Crude are higher with Natural Gas lower. Gold, Silver and Copper are higher. The U.S. Dollar is lower versus the Euro, lower against the Pound and lower against the Yen. Bitcoin is at $63,604 from $62,794.

Sector Action:

Daily Technology, Materials, Industrials, Consumer Cyclicals and Communication Services led the way higher.
Daily: Consumer Defensive, Healthcare and Energy 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)

Monday After the Close and Tuesday Before The Open:

Notable Earnings of Note This Morning:

Beat: None of note.
Missed: None of note.
Flat: None of note.
Still to Report: None 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: OABI +18.9%, ARGX +10.4%, PURR +9.4%, MESO +9.1%, DSX +8%, HTHT +7.4%, IPCX +6.3%, SLN +6.1%, HIVE +5.4%, HCM +5.2%, FJET +4%, FTAI +3.6%, CRWV +3.1%, GNK +3.1%, TTMI +2.8%, INTC +2.4%, MOVE +2.4%, of note
Gap Down: XZO -1.8%, VUZI -1.6%, CUE -0.9%, REPL -0.5%, MSGS -0.5% 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.

How Burger King Revamped the Whopper and Overtook Wendy's. (WSJ)
China Wants to Shape What the World's AI Knows. (NYT)
Market Wrap: Stock Futures Rise as Anthropic Fuels AI Optimism. (Bloomberg)
US-Iran Peace Prospects Dim. (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.
- Receives the Intelligence Briefing at 11:00 a.m. EDT.
- Greets Lifeguard Ryder Williams at 1:00 p.m. EDT.
- Participates in a Policy Meeting at 4:00 p.m. EDT.
Economic Data Out –
- Monthly
  - August Empire Manufacturing is out at 8:30 a.m. EDT and is expected to fall to 11 from 15.6.
  - August NAHB Housing Market index is out at 10:00 a.m. EDT and is expected to stay at 34.
- Weekly
  - None of note.

M&A Activity & Daily: None of note.

Moving Average Table: 93% from 96% of Equities are Positive, and 36% from 64% Bonds are Positive.

Meeting & Conferences of Note:

Sellside Conferences: None of note.
Top Analyst, Investor: None of note.
Shareholder Meetings: None 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: MU NERV LUNR DLR of note.

Downgrades: MUR KLC of note.

Initiations: Buys: ADIG of note. Sells: None of note.