Market Overview
The following is a partial recap of the market analysis shared during today’s morning Discord call.
U.S. markets posted a slight rebound yesterday, snapping a three-day losing streak as the U.S. Dollar eased and gold prices rallied following an announcement by the U.S. Treasury that it will double its purchases of long-term government debt to stem a ongoing bond sell-off that pushed yields to 19-year highs. Geopolitical tension also mounted after President Donald Trump announced plans to launch an “economic D-Day” against Iran, accompanied by the U.S. military establishing a naval shipping corridor through the Strait of Hormuz to safeguard daily oil shipments. On the corporate front, Moderna surged 176.97% in its largest single-day gain on record, while Exxaro Resources failed to impress investors with its interim earnings. Attention now turns to Walmart’s earnings release today, which is widely monitored as a crucial bellwether for the health of the U.S. economy and consumer spending.
Moderna Inc (MRNA)
Moderna surged a record 176.97% to close at $174.38 yesterday following landmark, positive Phase 3 trial results for its personalized mRNA skin cancer vaccine, which significantly reduced melanoma recurrence and distant spread when combined with Merck’s Keytruda. This marks the largest single-day percentage gain in Moderna’s corporate history and one of the largest single-day market cap expansions ever for a mid-to-large-cap healthcare stock.
Local Stocks
Sibanye Stillwater Ltd (SSW)
Sibanye-Stillwater saw a 9.19% increase yesterday following the U.S. Treasury’s liquidity announcement, with spot gold trading firmly above $4,500/oz alongside strength across platinum, palladium, and rhodium basket prices.
Exxaro Resources Ltd (EXX)
After Exxaro issued its H1 2026 trading statement last week, expectations for today’s earnings announcement were already low. However, investors remained dissatisfied, sending the stock down more than 2.5% since market open. Headline earnings per share (HEPS) fell 20%, revenue rose 7% to R22.1bn, and the interim dividend was cut by 17% to 700c/share.
Earnings & Economic Data
Pre-Market Earnings
Walmart Inc (WMT)
Walmart (WMT) operates a global chain of hypermarkets, discount department stores, and e-commerce platforms offering everyday goods and groceries at low prices.
Alibaba Group Holding Ltd (BABA)
Alibaba Group (BABA) operates major online commerce marketplaces, cloud computing infrastructure, digital media, and logistics services across China and international markets.
After-Market Earnings
Ross Stores Inc (ROST)
Ross Stores (ROST) operates off-price department store chains offering name-brand apparel, footwear, and home accessories at deeply discounted prices.
Flowers Foods Inc (FLO)
Flowers Foods (FLO) produces and markets packaged bakery products—such as breads, rolls, and snack cakes—to retailers and foodservice channels across North America.
Economic Data
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