THE TAPE
Market Desk · Sentiment

Trade war escalation (Canada auto tariffs, China tariffs) and yield skepticism offset by NVDA earnings anticipation and healthcare rotation.

Aug 24, 2026 · 1:02 PM NEUTRAL — 55%
Notable Moves 24
MRVL
JPMorgan top pick, Morgan Stanley PT raise, Wells Fargo bullish ahead of earnings.
📰 Analyst Calls Marvell A Top Chip Pick As AI Demand Builds
▲70%
MRK
mRNA-cancer win drove Merck to ATH per accumulated context.
📰 Biotech stocks are breaking out. How Josh Brown is trading them
▲55%
MRNA
Moderna/Merck cancer vaccine win fueling biotech breakout.
📰 Biotech stocks are breaking out. How Josh Brown is trading them
▲55%
XBI
Biotech breakout confirmed, XBI +34% YTD momentum continuing.
📰 Biotech stocks are breaking out. How Josh Brown is trading them
▲55%
NBIS
Shares fell 4% after upsized $5B convertible notes offering dilution concern.
📰 What's Going on With Nebius Shares on Monday?
▼50%
CRWV
Truist sees CoreWeave nearly doubling despite rising GPU costs.
📰 CoreWeave shares are set to nearly double even as chip costs rise, Truist says
▲45%
SMCI
Stock sliding on profit-taking and weak Q4 revenue results.
📰 Why Is SMCI Stock Sliding on Monday?
▼45%
HPQ
Morgan Stanley cuts PT to $17, maintains Underweight.
📰 Morgan Stanley Maintains Underweight on HP, Lowers Price Target to $17
▼40%
IREN
Bullish setup ahead of 8/27 earnings per prior context, no new headline today.
▲40%
USO
Iran sanctions escalation and Hormuz supply risk keep oil bid intact.
📰 Bessent To Unveil Iran Secondary Sanctions Details
▲40%
NOK
Nokia slides 2% amid broad tech sell-off.
📰 What's Going On With Nokia Stock Monday?
▼35%
005930.KS
Needham raised SK hynix PT, memory sector positive read-through.
📰 Needham Maintains Buy on SK hynix, Raises Price Target to $220
▲30%
000660.KS
Needham raised SK hynix PT, positive for memory demand.
📰 Needham Maintains Buy on SK hynix, Raises Price Target to $220
▲30%
XOM
Oil prices elevated on Iran escalation/Hormuz supply risk supports majors.
📰 Bessent To Unveil Iran Secondary Sanctions Details
▲30%
CVX
Oil bid intact from Iran sanctions/Hormuz risk supports energy majors.
📰 Bessent To Unveil Iran Secondary Sanctions Details
▲30%
COP
Oil complex bid from Iran sanctions/Hormuz tension.
📰 Bessent To Unveil Iran Secondary Sanctions Details
▲25%
EWY
Korean memory names (SK hynix) getting analyst upgrades.
📰 Needham Maintains Buy on SK hynix, Raises Price Target to $220
▲25%
LLY
Healthcare/biotech rotation broadening per breakout coverage.
📰 Biotech stocks are breaking out. How Josh Brown is trading them
▲25%
DRAM
SK hynix PT raise positive for DRAM sector sentiment.
📰 Needham Maintains Buy on SK hynix, Raises Price Target to $220
▲25%
MPC
Elevated diesel cracks and oil complex support refiners.
▲25%
PSX
Elevated diesel cracks and oil complex support refiners.
▲25%
GOOGL
Long-term outperformance highlighted, plus Google warrant/ASIC diversification narrative.
📰 Here’s How Much You Would Have Made Owning Alphabet Stock In The Last 15 Years
▲20%
GOOG
Same as GOOGL, long-term outperformance and ASIC diversification tailwind.
📰 Here’s How Much You Would Have Made Owning Alphabet Stock In The Last 15 Years
▲20%
DVN
Oil complex bid from Iran/Hormuz risk supports E&Ps.
▲20%
Full Board 124 symbols
SymbolSignalConf.Why
MRVL▲ BULLISH70%JPMorgan top pick, Morgan Stanley PT raise, Wells Fargo bullish ahead of earnings.
MRK▲ BULLISH55%mRNA-cancer win drove Merck to ATH per accumulated context.
MRNA▲ BULLISH55%Moderna/Merck cancer vaccine win fueling biotech breakout.
XBI▲ BULLISH55%Biotech breakout confirmed, XBI +34% YTD momentum continuing.
NVDA● NEUTRAL50%Stock fell 2% pre-earnings; history shows drops despite beats.
NBIS▼ BEARISH50%Shares fell 4% after upsized $5B convertible notes offering dilution concern.
CRWV▲ BULLISH45%Truist sees CoreWeave nearly doubling despite rising GPU costs.
SMCI▼ BEARISH45%Stock sliding on profit-taking and weak Q4 revenue results.
SOXL● NEUTRAL40%Tech selloff Monday pressures leveraged semis ahead of NVDA earnings.
SPY● NEUTRAL40%Tech pullback and trade war jitters offset by macro stability elsewhere.
QQQ● NEUTRAL40%Tech sector pulled back Monday ahead of NVDA earnings catalyst.
HPQ▼ BEARISH40%Morgan Stanley cuts PT to $17, maintains Underweight.
IREN▲ BULLISH40%Bullish setup ahead of 8/27 earnings per prior context, no new headline today.
USO▲ BULLISH40%Iran sanctions escalation and Hormuz supply risk keep oil bid intact.
NOK▼ BEARISH35%Nokia slides 2% amid broad tech sell-off.
005930.KS▲ BULLISH30%Needham raised SK hynix PT, memory sector positive read-through.
000660.KS▲ BULLISH30%Needham raised SK hynix PT, positive for memory demand.
SOX● NEUTRAL30%Chip sector mixed; tech pullback vs bullish Marvell/hynix calls.
SOXX● NEUTRAL30%Chip ETF pressured by tech selloff ahead of NVDA earnings.
XOM▲ BULLISH30%Oil prices elevated on Iran escalation/Hormuz supply risk supports majors.
CVX▲ BULLISH30%Oil bid intact from Iran sanctions/Hormuz risk supports energy majors.
SMH● NEUTRAL25%Semiconductor ETF mixed amid chip sector rotation and earnings anticipation.
COP▲ BULLISH25%Oil complex bid from Iran sanctions/Hormuz tension.
EWY▲ BULLISH25%Korean memory names (SK hynix) getting analyst upgrades.
LLY▲ BULLISH25%Healthcare/biotech rotation broadening per breakout coverage.
DRAM▲ BULLISH25%SK hynix PT raise positive for DRAM sector sentiment.
MPC▲ BULLISH25%Elevated diesel cracks and oil complex support refiners.
PSX▲ BULLISH25%Elevated diesel cracks and oil complex support refiners.
AVGO● NEUTRAL20%Weak into 9/2 earnings per prior context, no new headline today.
MU● NEUTRAL20%Boise training center is minor operational news, not market-moving.
GOOGL▲ BULLISH20%Long-term outperformance highlighted, plus Google warrant/ASIC diversification narrative.
GOOG▲ BULLISH20%Same as GOOGL, long-term outperformance and ASIC diversification tailwind.
SHEL● NEUTRAL20%Elevated oil complex backdrop but no direct headline.
DVN▲ BULLISH20%Oil complex bid from Iran/Hormuz risk supports E&Ps.
TSM● NEUTRAL15%No direct headline, tied to broader chip sentiment.
005935.KS● NEUTRAL15%Related to Samsung preference shares, indirectly memory positive.
TSLA● NEUTRAL15%Historical return puff piece, not forward-looking catalyst.
BABA● NEUTRAL15%Potential China tariff news could indirectly affect Chinese equities.
ABNB● NEUTRAL10%Minor Airbnb fee-change story, not material.
AMD● NEUTRAL0%No direct headlines.
SKHY● NEUTRAL0%No relevant headlines.
ASML● NEUTRAL0%No relevant headlines.
KLAC● NEUTRAL0%No relevant headlines.
SNDK● NEUTRAL0%No relevant headlines.
ORCL● NEUTRAL0%No relevant headlines.
STX● NEUTRAL0%No relevant headlines.
SK● NEUTRAL0%No relevant headlines.
SKHU● NEUTRAL0%No relevant headlines.
IBM● NEUTRAL0%No relevant headlines.
6723.T● NEUTRAL0%No relevant headlines.
SKHL● NEUTRAL0%No relevant headlines.
PYPL● NEUTRAL0%No relevant headlines.
INTC● NEUTRAL0%No relevant headlines.
WDC● NEUTRAL0%No relevant headlines.
NXPI● NEUTRAL0%No relevant headlines.
CXMT● NEUTRAL0%No relevant headlines.
SPCX● NEUTRAL0%No relevant headlines.
6146.T● NEUTRAL0%No relevant headlines.
6752.T● NEUTRAL0%No relevant headlines.
8035.T● NEUTRAL0%No relevant headlines.
PLTR● NEUTRAL0%No relevant headlines.
KORU● NEUTRAL0%No relevant headlines.
LITE● NEUTRAL0%No relevant headlines.
AAPL● NEUTRAL0%No relevant headlines.
MSFT● NEUTRAL0%No relevant headlines.
WBD● NEUTRAL0%No relevant headlines.
META● NEUTRAL0%No relevant headlines.
AMAT● NEUTRAL0%No relevant headlines.
LRCX● NEUTRAL0%No relevant headlines.
GEV● NEUTRAL0%No relevant headlines.
XYZ● NEUTRAL0%No relevant headlines.
AMZN● NEUTRAL0%No relevant headlines.
KMB● NEUTRAL0%No relevant headlines.
CBRS● NEUTRAL0%No relevant headlines.
RAML● NEUTRAL0%No relevant headlines.
SAP● NEUTRAL0%No relevant headlines.
LYFT● NEUTRAL0%No relevant headlines.
UBER● NEUTRAL0%No relevant headlines.
KVUE● NEUTRAL0%No relevant headlines.
688825.SS● NEUTRAL0%No relevant headlines.
DISK● NEUTRAL0%No relevant headlines.
688981.SS● NEUTRAL0%No relevant headlines.
GLW● NEUTRAL0%No relevant headlines.
AMKR● NEUTRAL0%No relevant headlines.
ERIC● NEUTRAL0%No relevant headlines.
GRMN● NEUTRAL0%No relevant headlines.
ARM● NEUTRAL0%No relevant headlines.
SKHX● NEUTRAL0%No relevant headlines.
RBLX● NEUTRAL0%No relevant headlines.
RDDT● NEUTRAL0%No relevant headlines.
MCHP● NEUTRAL0%No relevant headlines.
QCOM● NEUTRAL0%No relevant headlines.
AZN● NEUTRAL0%No relevant headlines.
BAC● NEUTRAL0%No relevant headlines.
COHR● NEUTRAL0%No relevant headlines.
SHOP● NEUTRAL0%No relevant headlines.
V● NEUTRAL0%No relevant headlines.
SMHU● NEUTRAL0%No relevant headlines.
SMHD● NEUTRAL0%No relevant headlines.
FSLR● NEUTRAL0%No relevant headlines.
CSCO● NEUTRAL0%No relevant headlines.
FERG● NEUTRAL0%No relevant headlines.
VRT● NEUTRAL0%No relevant headlines.
PANW● NEUTRAL0%No relevant headlines.
SSD● NEUTRAL0%No relevant headlines.
BWET● NEUTRAL0%No relevant headlines.
SCHD● NEUTRAL0%No relevant headlines.
DIVB● NEUTRAL0%No relevant headlines.
VIST● NEUTRAL0%No relevant headlines.
STM● NEUTRAL0%No relevant headlines.
MNST● NEUTRAL0%No relevant headlines.
KO● NEUTRAL0%No relevant headlines.
HD● NEUTRAL0%No relevant headlines.
TGT● NEUTRAL0%No relevant headlines.
WMT● NEUTRAL0%No relevant headlines.
TXN● NEUTRAL0%No relevant headlines.
ADI● NEUTRAL0%No relevant headlines.
MPWR● NEUTRAL0%No relevant headlines.
FN● NEUTRAL0%No relevant headlines.
NET● NEUTRAL0%No relevant headlines.
LOW● NEUTRAL0%No relevant headlines.
KSMH● NEUTRAL0%No relevant headlines.
RRC● NEUTRAL0%No relevant headlines.
SN● NEUTRAL0%No relevant headlines.

Read the full accumulated context behind this call