Stocks enter August halfway through second-quarter earnings season and amid a notable break with the dominant market trends of the last year and a half.
Tech stocks, led by the Magnificent Seven, carried the S&P 500 to record highs in early July before a tame inflation report changed everything. The Mag Seven slipped into a correction later in the month as investors sold off tech stocks on fears of slowing growth, overbought conditions, and unsustainable spending on artificial intelligence.
Meanwhile, the small-cap Russell 2000 soared as investors bet on the companies that could benefit most from interest rate cuts, the first of which the Federal Reserve is widely expected to make in September.
Below, we look at five companies with events coming up in August that could be catalysts for big stock moves.
Nvidia (NVDA) will report earnings late in the month, and the results are likely to have implications for the broader market.
Nvidia has more …