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- 📈 BP's $1.6B Quarterly Profit Surge
📈 BP's $1.6B Quarterly Profit Surge
Tesla Grants Musk $29B Package, Amazon Cuts 110 Wondery Jobs, Foxconn Sells Ohio EV Plant, Hims Shares Plunge on Miss, Palantir Hits $1B Revenue Milestone
Evelio Silvera
August 05, 2025
Good morning.
⚡ The Fast Five → Tesla Grants Musk $29B Package, Amazon Cuts 110 Wondery Jobs, Foxconn Sells Ohio EV Plant, Hims Shares Plunge on Miss, Palantir Hits $1B Revenue Milestone
🔎 Market Trends → Stocks rebound as investors ramp up rate-cut views after weak data; US Stock Futures Signal Higher Open
And now…
⏱️ Your 5-minute briefing for Tuesday, August 5, 2025:
MARKET BRIEF
Before the Open
As of market close 08/04/2025.
Pre-Market
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Fear & Greed
Markets in Review
Bulls Regain Control: Futures Tick Higher as Earnings Momentum Builds
The S&P 500 snapped a four-day slide, jumping 1.5% Monday. The Nasdaq surged nearly 2%, while the Dow climbed 585 points, erasing last week’s tariff-induced losses.
The Big Picture:
Wall Street showed resilience, shrugging off last week’s fears over tariffs and a weaker jobs report. With over 80% of S&P 500 constituents advancing, the rally signals that investors remain willing to buy dips in a market still underpinned by strong earnings.
Futures are inching higher this morning, suggesting yesterday’s rebound wasn’t a fluke. Optimism is being fueled by solid corporate results and anticipation of upcoming catalysts, from economic data to more heavyweight earnings.
Commodities were quiet, with oil stabilizing near $66 and gold holding above $3,350—levels that reflect caution but not panic.
Market Movers:
Palantir (PLTR) jumps 4% after crossing $1 billion in revenue for the first time—a bullish sign for defense tech demand.
Hims & Hers (HIMS) tumbles 13% as revenue missed estimates, reminding traders that growth stories must still deliver.
Broad rally: Small caps (Russell 2000) popped 2%, showing risk appetite remains alive beneath the mega-cap surface.
What They’re Saying:
“You have to respect the momentum that the market has had. We’re still in a very powerful uptrend,”— Cameron Dawson, CIO, NewEdge Wealth
WHAT WE’RE WATCHING
Events
Today: Institute for Supply Management - ISM Services Purchasing Managers' Index (PMI) - 10:00am
Why You Should Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy;
Earnings Reports
Today: Pfizer, Marriott, Yum! Brands, BP (British Petroleum), Caterpillar, Aflac, AMD (Advanced Micro Devices), Super Micro Computer (Supermicro)
Tomorrow: McDonald’s, Disney, Uber, Airbnb, Sony, Coca-Cola, Honda, Shopify, DoorDash, Novo Nordisk, AppLovin
MARKET BRIEF
Leading News
BP Strikes Black Gold: Major Discovery Fuels 500% Profit Surge
Photo Credit: Jack B
Why it matters:
BP's (BP) $1.6 billion Q2 profit — a stunning reversal from last year's $129 million loss — signals the energy giant's strategic pivot back to fossil fuels is paying dividends for patient investors.
Zoom Out:
The British oil major just delivered its largest discovery in 25 years at Brazil's Bumerangue block, a roughly 500-meter oil and gas reservoir sitting 250 miles off the coast. This isn't just lucky geology — it's the fruit of BP's February decision to slash renewable investments and double down on hydrocarbons.
CEO Murray Auchincloss has orchestrated a remarkable turnaround, bringing five major projects online this year while maintaining >96% operational reliability. The company's underlying replacement cost profit of $2.4 billion beat analyst expectations despite a 15% year-over-year decline, proving that smart capital allocation trumps top-line growth.
The market is taking notice. BP announced a $750 million share buyback and boosted its dividend 4% to 8.32 cents per share, rewarding shareholders who stuck through the renewable energy detour that cost the company dearly during the post-Ukraine commodity boom.
Key Insights:
Cash flow king: $6.3 billion in Q2 operating cash flow provides ammunition for more discoveries and shareholder returns
Production surge: Ten exploration discoveries this year, including significant finds in the Gulf of Mexico and Egypt
Strategic reset: February's pivot away from "net zero" fantasy toward profitable reality is bearing fruit faster than expected
Market Pulse:
"This slick turnaround plan pumped up BP's second-quarter results" — Derren Nathan, Hargreaves Lansdown
Bull’s Take:
While oil prices remain volatile, BP's operational excellence and discovery pipeline position it perfectly for the next commodity cycle. Smart money follows cash flow, not fashionable ESG narratives.
Headlines
Tesla Grants Elon Musk $29B Shares to Anchor Leadership (link)
Amazon Restructures Wondery, Cuts 110 Jobs Amid Streaming Pivot (link)
Taiwan's Foxconn sells Ohio EV facility to focus more on AI data centers (link)
Hims & Hers Shares Dive After Revenue Miss and Wholesaler Pullback (link)
Palantir Crosses $1B Revenue Mark on AI Boom (link)
CRYPTO
Fear & Greed
Headlines
*Hat-tip to pikacap
All content provided by Investor Lookout and Bull Street is for informational and educational purposes only and should not be taken as trading or investment recommendations.
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