August 18th US stock market review, Intel starts to deliver! Can TeraWulf, which Google rapidly increased its stake in, still be bought?
[Yesterday]
Three Major Indices: Mixed performance, sideways consolidation.
US-Russia-Ukraine: Trump stated that the US will collaborate with Russia and Ukraine, providing substantial assistance in the security sector. The next step is to prepare for a trilateral leaders' meeting. Zelensky said he is ready for the trilateral meeting.
US-India: White House trade advisor Navarro strongly criticized India for significantly increasing imports of Russian oil after the Russia-Ukraine conflict, calling this behavior "opportunistic" and "severely undermining" Western efforts to isolate Russia's wartime economy.
Continued pressure on India.
EU-US: According to Eurostat data, the EU's exports to the US in June fell by 10% YoY to slightly over 40 billion euros, the lowest level in two years.
The EU-US joint statement is imminent, with no escalation currently.
Earnings: Among the S&P 500 companies that have reported earnings, 60% exceeded EPS expectations by more than one standard deviation, marking "one of the highest frequencies of earnings beats on record."
Related to pressure on expectations + actual tariff optimism + weakening USD, but the fundamentals of US companies remain strong.
[Today]
Futures: Sideways consolidation, currently showing a defensive trend.
Tonight: Sideways, US stocks show strong defensive performance at recent highs, but beware of pullback risks. Tomorrow (Wednesday): Retail earnings from TJX/Lowe's/Target, Fed Minutes (early Thursday)..
[Earnings]
Tuesday US,Home Depot$Home Depot(HD.US) , Medtronic$Medtronic(MDT.US) , Viking Holdings
Tuesday HK,Xiaomi$XIAOMI-W(01810.HK) , Pop Mart$POP MART(09992.HK) , XPeng, WuXi Biologics, Sunny Optical
[Stocks]
Tesla$Tesla(TSLA.US) : Model Y L launched on China's official website, starting at 339,000 yuan, with delivery expected in September 2025.
Recent stock performance remains sideways, no bad news, downside risks only tied to the broader market.
Novo Nordisk$Novo Nordisk AS(NVO.US) : Announced cash payment discounts, with its popular diabetes drug Ozempic now priced at $499 for US cash-paying patients, down from thousands.
Back in March, NVO's weight-loss drug Wegovy was already priced at $499. Now Ozempic follows suit, likely due to generic competition. Healthcare platform GoodRx, which will list Ozempic, surged 37%.
Intel$Intel(INTC.US) : Japan's SoftBank Group issued a joint statement on Monday, agreeing to invest $2 billion in Intel at $23 per share.
Previously mentioned "connections" during Trump's investment phase—now realized. Refer to MP's connections.
Data Center TeraWulf$Terawulf(WULF.US) : Expanding the Lake Mariner data center campus, adding new building CB-5, expected to be operational in H2 2026. With the new CB-5 lease, Google will provide $1.4 billion in incremental guarantees, bringing the total to ~$3.2 billion. Google's stake in TeraWulf rises from 8% to 14%, with an option to purchase ~32.5M additional shares.
The company is the second third-party data center firm backed by Google, which prioritizes green energy/ESG for carbon neutrality. TeraWulf's edge: 90% zero-carbon energy usage. Another firm, Crusoe Energy, focuses on carbon capture—both have unique green tech.
Long-term, this is a viable play—just reference Crusoe Energy's funding trajectory$NVIDIA(NVDA.US) . However, Crusoe leans toward tech collaboration, while TeraWulf may signal a broader bet?
$Apple(AAPL.US)
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