THE TAPE
Market Desk · Sentiment

Iran sanctions escalation and Canada tariff fight raise geopolitical risk, but NVDA earnings and biotech rotation offer offsetting bullish drivers.

Aug 24, 2026 · 3:32 PM NEUTRAL — 55%
Notable Moves 17
INTC
Falling on semiconductor selloff and $20B secondary dilution pressure.
📰 Why Is Intel Stock Falling on Monday?
▼60%
NVDA
Niles sees hyperscaler capex strong; SpaceX Vera Rubin deal expands demand, but bear case on custom silicon persists.
📰 Nvidia Earnings: Wall Street Expects Growth to Slow in Q2 — Dan Niles Says Hyperscalers Are Spending Like Never Before
▲55%
MRVL
Wells Fargo sees more gains ahead of Thursday earnings, JPMorgan top-pick.
📰 Marvell Technology has nearly tripled in 2026. Wells Fargo says there are more gains ahead
▲55%
WMT
Walmart missed comps and fell 10% on the print.
📰 Walmart missed comps and fell 10%
▼55%
CRWV
Truist sees CoreWeave nearly doubling despite rising GPU costs.
📰 CoreWeave shares are set to nearly double even as chip costs rise, Truist says
▲50%
WBD
Third Point made WBD its largest holding after earnings beat.
📰 Billionaire Investor's Biggest Bet Isn't Amazon or Alphabet — It's Warner Bros. Discovery
▲45%
HD
Home Depot's beat was tariff-refund-driven, masking underlying softness.
📰 Home Depot's beat was tariff-refund-driven, masking underlying softness
▼45%
XBI
Biotech breakout confirmed, XBI +34% YTD with broadening breadth.
📰 Biotech stocks are breaking out. How Josh Brown is trading them
▲45%
V
Visa rose after disclosure of Trump stock purchases.
📰 Visa Stock Climbs After Trump Buys Millions in Stock
▲40%
MRK
Healthcare/biotech breakout continues with Merck at all-time highs.
📰 Biotech stocks are breaking out. How Josh Brown is trading them
▲40%
MRNA
Moderna mRNA-cancer win supports biotech rotation narrative.
📰 Biotech stocks are breaking out. How Josh Brown is trading them
▲40%
F
Canada auto tariff doubling to 50% threatens automaker supply chains.
📰 Trump's 50% Canada Auto Tariff Shock: These ETFs Could Be in the Crosshairs
▼40%
GM
Canada auto tariff escalation to 50% is a direct negative for automakers.
📰 Trump's 50% Canada Auto Tariff Shock: These ETFs Could Be in the Crosshairs
▼40%
SPCX
SpaceX-Nvidia space Vera Rubin deal is a positive infrastructure signal.
📰 Elon Musk Posts On X: SpaceX/Nvidia space-optimized Vera Rubin system
▲30%
AMAT
Cited for AI capex durability commentary.
▲30%
USO
Iran sanctions escalation and secondary sanctions risk push oil higher.
📰 Bessent Launches Economic D-Day Against Iran
▲30%
AMGN
Named as part of broadening healthcare rotation.
▲30%
Full Board 127 symbols
SymbolSignalConf.Why
INTC▼ BEARISH60%Falling on semiconductor selloff and $20B secondary dilution pressure.
NVDA▲ BULLISH55%Niles sees hyperscaler capex strong; SpaceX Vera Rubin deal expands demand, but bear case on custom silicon persists.
MRVL▲ BULLISH55%Wells Fargo sees more gains ahead of Thursday earnings, JPMorgan top-pick.
WMT▼ BEARISH55%Walmart missed comps and fell 10% on the print.
CRWV▲ BULLISH50%Truist sees CoreWeave nearly doubling despite rising GPU costs.
WBD▲ BULLISH45%Third Point made WBD its largest holding after earnings beat.
HD▼ BEARISH45%Home Depot's beat was tariff-refund-driven, masking underlying softness.
XBI▲ BULLISH45%Biotech breakout confirmed, XBI +34% YTD with broadening breadth.
V▲ BULLISH40%Visa rose after disclosure of Trump stock purchases.
MRK▲ BULLISH40%Healthcare/biotech breakout continues with Merck at all-time highs.
MRNA▲ BULLISH40%Moderna mRNA-cancer win supports biotech rotation narrative.
F▼ BEARISH40%Canada auto tariff doubling to 50% threatens automaker supply chains.
GM▼ BEARISH40%Canada auto tariff escalation to 50% is a direct negative for automakers.
SOXL● NEUTRAL30%Leveraged semis exposed to NVDA earnings volatility this week.
SPY● NEUTRAL30%Broad market caught between Iran/Canada tension and healthy tech/biotech rotation.
QQQ● NEUTRAL30%Tech-heavy index awaits NVDA earnings catalyst.
SPCX▲ BULLISH30%SpaceX-Nvidia space Vera Rubin deal is a positive infrastructure signal.
AMAT▲ BULLISH30%Cited for AI capex durability commentary.
USO▲ BULLISH30%Iran sanctions escalation and secondary sanctions risk push oil higher.
AMGN▲ BULLISH30%Named as part of broadening healthcare rotation.
SOX● NEUTRAL20%Semiconductor sector faces bifurcation and NVDA earnings volatility.
SOXX● NEUTRAL20%Semiconductor ETF exposed to Intel weakness and NVDA earnings swing.
SMH● NEUTRAL20%Unresolved synthetic short overhang plus NVDA earnings risk.
XOM● NEUTRAL20%Iran sanctions push oil prices two-sided, benefits majors near-term.
CVX● NEUTRAL20%Iran sanctions escalation supports oil prices short-term.
IREN● NEUTRAL20%Reports earnings 8/27, key semiconductor/crypto infra catalyst pending.
SHEL● NEUTRAL15%Oil market volatility from Iran sanctions escalation affects majors broadly.
COP● NEUTRAL15%Iran sanctions escalation supports oil prices near-term.
DVN● NEUTRAL15%Iran sanctions escalation lifts oil prices near-term.
MPC● NEUTRAL15%Diesel crack spreads remain record amid Iran sanctions escalation.
PSX● NEUTRAL15%Refiner benefits from record diesel crack spreads amid Iran tension.
AVGO● NEUTRAL10%Custom-silicon diversification trend indirectly supportive ahead of 9/2 earnings.
TSM● NEUTRAL10%Chip bifurcation theme indirectly relevant.
GOOGL● NEUTRAL10%Custom-silicon Waymo ASIC diversification narrative indirectly relevant.
GOOG● NEUTRAL10%Custom-silicon Waymo ASIC diversification narrative indirectly relevant.
BABA● NEUTRAL10%China not exempt from Iran sanctions adds trade friction risk.
SCHD● NEUTRAL10%Dividend income names highlighted as attractive amid rate uncertainty.
DIVB● NEUTRAL10%Dividend-income theme mentioned as attractive.
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