Stocks To Watch – 8/4/2025

Brief Overview

Welcome back to this week’s Stocks to Watch!

We hope you’re ready to get back to the action! With earnings season in full swing we’ll hear from notable names like PLTR, HIMS, CAT, AMD, SMCI, LCID, UBER, SHOP, MCD & XYZ just to name a few. You’ll definitely want to give the calendar a look! 

Looking back at last week…

Monday: S&P & Nasdaq Hit New Records
Markets kicked off the week with fresh highs, especially in tech, as the U.S.–EU reached a new trade deal, easing tariff fears. The S&P and Nasdaq notched record closes while the Dow stayed flat. Bond yields ticked up, and global equities caught a nice tailwind from the news.

Tuesday: Tariff Buzz Shakes Things Up
Stocks cooled off a bit as tariff chatter ramped up between the U.S. and Canada. Energy stocks dipped with oil prices, while defensive sectors like utilities and healthcare saw modest gains.

Wednesday: Powell Steadies the Market
Fed Chair Jerome Powell hinted the central bank is comfortable with its current rate path, calming market jitters. Tech led the charge again, and strong earnings from a few mega-cap names kept sentiment upbeat.

Thursday: Canada Fires Back
Markets wobbled as Canada announced retaliatory tariffs, sparking some short-term volatility. Financial stocks held firm, but industrials and materials lagged on trade concerns. Meanwhile, Bitcoin jumped as risk appetite broadened.

Friday: Bulls Wrap the Week Strong
Investors shrugged off trade worries and piled back into 2024’s biggest winners, from tech giants to consumer plays. Cattle prices hit fresh highs, and traders debated if the market’s top names can stay hot into 2025.

Key Takeaway
Despite midweek trade noise, the bulls held their ground and pushed stocks higher, with the S&P and Nasdaq logging fresh records. Earnings, Powell’s steady tone, and risk-on sentiment carried the market. Next week, all eyes will be on inflation data and whether tariffs continue to rattle the headlines or fade into the background.