Jack of All Trades

Iran port blockade reinstated; WTI +3% to $73.83. Nasdaq −1.55%; SKHYV −9% Day 2; KOSPI halted again; MU −4%, SanDisk −12%. FAST: EPS $0.34 beat +3%, rev $2.36B +13.5% — US industrial demand confirmed robust despite war. Tomorrow: CPI + Warsh testimony + 5 banks. SKORE: FAST 7.0 Hold→Buy

DAL: adj. EPS $1.56 beat, rev +19% record, FY $6.50–7.50 reinstated, dividend +15% — fuel $3.93/gal highest ever → −2.2%. SKHYV: $149→$168.01 (+12.8%), $26.5B raised (largest foreign US IPO ever), mkt cap $1.03T — chairman: 'All customers said not enough.' S&P near record. SKORE: DAL 7.0 · SKHY 7.8

PEP: core EPS $2.20 missed $2.21 by $0.01; rev $24.18B beat; North America softer; FY affirmed not raised → −1.8%. SK Hynix 7× oversubscribed ahead of Friday debut. Micron $250B US plant commitment. SKORE: PEP 5.7 Hold.

LEVI: EPS $0.28 beat +16.3%, rev +8%, 2/3 unit growth, FY raised, dividend up — stock dropped on macro. SKORE: LEVI 7.0 Buy-on-Weakness.

GIS: rev $4.61B beat, at-home cooking; STZ: EPS $3.43 beat $3.22, beer holds. SKORE: GIS 5.7 · STZ 6.2

Q2 2026 closes — best quarter for S&P + Nasdaq in 6 years. NKE: EPS $0.20 adj. beat, rev $10.97B beat, but $986M tariff refund inflates headlines; DTC −7%, China −12%, Jordan/Sportswear negative through FY27 → −7% AH. MKC: EPS $0.80 beat $0.69, at-home cooking. SKORE: NKE 5.2 · MKC 5.8.

The grand finale': Micron crushes it — rev $41.46B +346% YoY (vs $35.69B est.), EPS $25.11 vs $20.49, GAAP GM 84.6% (was 37.7%). Q4 guide: $50B rev, 86% GM, $31 EPS. 'Multi-decade' demand cycle cited (agentic AI, humanoid robots). Stock +15% AH. Brent lowest since war began. SKORE: MU 9.2.

Global chip rout: KOSPI −9.99% (circuit breakers x2), Micron −13% pre-earnings, SMH −7%. Nasdaq −2.21%; Dow flat. Trump: Hormuz 'fully open.' FDX: rev $25.0B +12.6% beat, EPS $6.31 beat 6.6% — but CY26 guide $16.90–18.10 light → −9% AH. SKORE: FDX 7.0 Buy-on-Weakness.

Iran deal signed at Versailles; Hormuz blockade ends; gas below $4 first time since March. S&P +1.08%, Nasdaq +1.91%. ACN −13.4% more (down ~50% YTD, 52-wk low) despite $4.175B cybersecurity M&A — AI disrupts consulting. KR: EPS missed $0.01, revenue beat $530M, still fell. SKORE: ACN 3.8 · KR 5.6

Trump cancels Iran strikes; Dow +930; SpaceX IPO priced $135 ($75B raised, largest ever). ADBE: rev $6.62B +13% record, EPS $5.96 beat, AI ARR $500M tripled, FY raised — but freemium pivot + Creative Cloud pricing deferred → −5.5% AH. SKORE: ADBE 6.8 Hold-Buy-on-Dip.