WS #13559
The Strait of Hormuz conflict remains the dominant macro theme, ESCALATING. Brent crude is back up towards $83 and WTI is firm, with US Treasury yields rising and the Dow suffering its first loss in six days as rising oil and yields fuel jitters. Iran's parliament is considering a draft law to ban US/Israeli ships and impose fines up to 20% of cargo value, and Polymarket shows active trading on 'Iran charges Hormuz fees' and 'US announces end of Iranian blockade' — indicating market participants are pricing continued disruption. This supports bullish energy equities (XOM, CVX, PSX) and bearish airlines (DAL, UAL) and consumer discretionary. Separately, a heavy earnings batch is moving individual names: Airbnb surged 12% on a beat and strong Q3 guidance, while The Trade Desk missed revenue and guided Q3 below estimates, and Datadog fell 19% in its biggest daily drop ever. AMD announced the acquisition of AI inference startup Taalas, a strategic move to compete with Nvidia in AI inference. These earnings are high-signal for their respective tickers.
Topics
Key developments
- Iran parliament considers law to ban US/Israeli ships from Strait of Hormuz with fines up to 20% cargo value
- Airbnb Q2 EPS $1.37 beats $1.25, revenue $3.608B beats, Q3 guidance above; stock soars 12%
- Trade Desk Q2 revenue $715.06M misses $751.58M, EPS $0.34 misses $0.37; Q3 guidance below
- Datadog closes at $229.29, -19.0% — biggest daily drop ever
- AMD acquires Taalas, AI inference silicon startup, to strengthen AI roadmap
- Dow suffers first loss in six days; S&P 500 and Nasdaq fall as oil and yields rise