6h • General discussion
Daily Buzz August 6 2026
📊 Markets were trading lower Thursday as oil prices weighed on sentiment. The S&P 500 slipped 0.18% and the Nasdaq ended nearly flat at 0.057%. The Dow fell 0.85%, snapping a five-day win streak and Canada's S&P/TSX Composite finished nearly flat, down 0.028%.
📱 AppLovin ($APP) sank 20% to a new 52-week low after second-quarter revenue of $1.92 billion missed the $1.94 billion estimate, though EPS landed in line at $3.76 and revenue still grew 53% year over year. CEO Adam Foroughi pinned the shortfall on timing, saying model improvements were lighter than usual in the quarter and the next step up in performance landed just after it closed. Piper Sandler downgraded the stock to neutral and slashed its price target from $665 to $385.
✈️ Honeywell Aerospace ($HONA) fell 23% after second-quarter sales of $4.5 billion and adjusted EBIT of $995 million both missed estimates of $4.6 billion and $1.1 billion. Adjusted EPS came in at $1.87, down from $2.75 a year earlier, with supply chain constraints limiting output. The company cut full-year organic sales growth guidance to 4%–5% from 7%–9% and trimmed its standalone adjusted EBIT target to $4.35–$4.45 billion. Backlog still grew 9% to $18.2 billion and management is qualifying more than 50 new suppliers.
🏨 Airbnb ($ABNB) jumped 9% after hours following their earnings report. Revenue climbed 17% to $3.61 billion and EPS came in at $1.37 against $1.25 expected, with net income rising to $816 million. Guidance topped estimates too and management pointed to bookings growth of about 20% in Latin America.
☁️ Cloudflare ($NET) posted second-quarter revenue of $696.1 million, up 36% year over year, with non-GAAP income from operations of $96.1 million. The company guided full-year revenue to $2.864 billion–$2.870 billion. CEO Matthew Prince framed the quarter around the shift to AI answer engines and agent-driven commerce.
🔨 WSP Global ($WSP) climbed 6.32% after backlog hit a record $20.1 billion, up 23.2% year over year, with adjusted EBITDA up 28.8% to $815 million.
🚀 SpaceX ($SPCX) shares were up 6% higher on the day its first insider lock-up expired, freeing up to 911.5 million shares. The stock had tumbled more than 13% Wednesday after capital expenditures surged sixfold to $18.4 billion in the second quarter, much of it going toward AI.
👨🏻💻 Researched and written daily by Ariana liu
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Daily Buzz August 6 2026
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