The Schwab Trading Activity Index came in at 57.50 for August, down from 59.80 in July. That is the first monthly decline since April, and it arrived in a period when the S&P 500 gained 2.96%, its strongest showing since May. A behavior index that falls while the market it measures rises is telling you something the index level alone will not. The composition of the flow is … [Read more...] about Schwab’s August STAX Falls to 57.50 as Retail Sells Software and Buys Chips Off the July Low
Broadcom Q3 FY26: The Q4 Guide Implies a 55% Incremental Operating Margin Against 67.9% Delivered
Broadcom delivered the quarter and guided the deceleration in the same release. Q3 revenue was a record $29.59 billion, up 86% year over year, with non-GAAP operating income of $20.1 billion, up 92%, and non-GAAP EPS of $3.32, up 96%. Gross margin came in at 75%, down 210 basis points sequentially on AI mix but above the 74% guided, and operating margin rose 240 basis points … [Read more...] about Broadcom Q3 FY26: The Q4 Guide Implies a 55% Incremental Operating Margin Against 67.9% Delivered
Tempus AI (TEM) Clears FDA for ECG-PH: A Third Cardiology Device Its Own CFO Says Generates No Revenue
Tempus AI has received 510(k) clearance for ECG-PH, an algorithm that reads a resting 12-lead ECG and returns a binary flag for elevated mean pulmonary artery pressure above 20 mmHg. It is the third cleared device in the company's cardiology line, after ECG-AF and ECG-Low EF, and it follows the same template: no new hardware, no new consumable, no new patient encounter, just a … [Read more...] about Tempus AI (TEM) Clears FDA for ECG-PH: A Third Cardiology Device Its Own CFO Says Generates No Revenue
Nasdaq Falls 1.2% as Oil Tops $85 and the 30-Year Hits 5.32%: Only One Input Is Actually New
The S&P 500 opened Tuesday around 7,703 against a record close of 7,798.99 set on August 13. That is a drawdown of roughly 1.2%, three sessions old, in a week where the Russell 2000 printed a fresh record as recently as Friday. It is being narrated as a risk-off event. It is a rounding error on a record, and the gap between those two descriptions is more informative than the … [Read more...] about Nasdaq Falls 1.2% as Oil Tops $85 and the 30-Year Hits 5.32%: Only One Input Is Actually New
Marvell (MRVL) Catalyst Calendar Into Year-End: The $126-to-$400 Target Spread Resolves on October 6, Not August 27
Thirty-eight analysts cover Marvell Technology. None of them rate it a sell. The average twelve-month target sits at $256.91 against a $217.07 close on August 12, which reads like modest, orderly upside until you look at the distribution behind the average. The low target is $126. The high is $400. That is a 3.2x spread on a company carrying a $191 billion market … [Read more...] about Marvell (MRVL) Catalyst Calendar Into Year-End: The $126-to-$400 Target Spread Resolves on October 6, Not August 27