Daily ideas

ByteDance, Alibaba and Tencent ordered 3M+ Nvidia RTX PRO 5500 cards, about six quarters of China supply, which may delay channel buyers and cut Cambricon orders.

Vale's 2Q26 revenue rose 19% to US$10.5 billion as iron ore C1 cost hit US$24.1/t; Q3 must show if premiums and costs let cash cover a US$1.7 billion dividend.

CRH grew Q2 2026 Adjusted EBITDA 7% to $2.627 billion as net debt rose to $15.4 billion; Q3 tests whether aggregates pricing holds guidance and cuts debt before Arcosa.

Strategy pre-announced a $20.91B Q3 bitcoin gain as STRC sales stopped and $1.38B went to buybacks; the results test whether issuance still adds bitcoin per share.

First Citizens earned $1.656 billion of Q2 2026 net interest income at a 3.10% margin; Q3 results test whether NII holds while it repays $6-8 billion of its FDIC note.

PulteGroup closed 6,997 homes in Q2 2026, down 8%, at a 25.0% gross margin; Q3 tests whether 6% order growth lifts closings to the guided 7,000-7,400 homes.

SS&C grew adjusted revenue 10.3% to $1.70B in Q2 2026 with 7.6% organic growth; Q3 tests whether growth holds 5% once large upfront renewals fade.

The Hartford earned $945 million of core income in Q2 2026 as its Middle & Large Business underlying combined ratio hit 95.3; Q3 tests whether that and casualty reserve adds persist.

Reliance shipped 1.79M tons at $2,602/ton in Q2 2026 as sales rose 26.5% to $4.63B; Q3 tests core volumes, FIFO margins and cash as the border wall hits full run rate.

Amazon's $6 billion purchase-linked 3M warrant adds a second cloud customer for EBO connectors; GSEO, 3M's ferrule molder, could gain orders from 2027.

Monolithic Power Systems posted record Q2 2026 revenue of $980.6 million, up 47.6% on data center power; Q3 tests whether Enterprise Data can reach about $485 million.

Uber's Q2 2026 Gross Bookings rose 24% to $58.0 billion with a Mobility margin near 7.6%; Q3 tests whether insurance savings keep U.S. rides accelerating.

Cheniere exported 672 TBtu and earned $1.80B of Q2 2026 Adjusted EBITDA, lifting 2026 guidance to $7.9-8.4B; Q3 tests whether Stage 3 volumes and spot LNG margins hold.

IQVIA grew second-quarter 2026 revenue 8.7% to $4.368 billion on a 1.22x R&DS book-to-bill; Q3 results must show whether its $34.2 billion backlog converts into service-fee growth.

Dow's Q2 2026 operating EBITDA hit $2.31 billion on 20% higher local prices; Q3 results test how much polyethylene profit survives guidance of $1.5-$1.6 billion.

Bruker's Q2 2026 revenue rose 5.2% to $838.5M with 2.8% organic growth and a 14.1% non-GAAP margin; Q3 tests whether orders and cost cuts beat weak US academic demand.