Stocks to watch today — Aug 12 📈
$SMCI — The cleanest AI momentum setup after earnings. Q2 beat expectations despite a revenue miss, while strong AI infrastructure demand is keeping the growth narrative intact. Watch whether the post-earnings gap holds; a failed breakout would suggest the move is becoming overextended.
$CRWV — Another AI high-beta name reporting strong record revenue. The key question is whether earnings can translate into sustained multiple expansion, given the stock’s sensitivity to expectations around AI capex.
$LITE — AI optical networking exposure is back in focus after a strong earnings reaction. Fundamentals are improving, but valuation and forward guidance will determine whether this is a sustainable rerating or another momentum spike.
$CSCO — More defensive way to play the same AI infrastructure theme. The focus is less on headline growth and more on whether networking demand and margins can support further earnings revisions.
Macro catalyst: July CPI. With the market already near highs, the inflation print could matter more for positioning than the absolute number. A softer print could reinforce rate-cut expectations and support high-beta growth; a hotter print could pressure elevated multiples.
The common thread: watch the gap, volume and follow-through — not just the headline. In this market, strong fundamentals are increasingly being priced in before the earnings actually arrive.
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- zingle·08-12 14:42I added on the SMCI gap hold setup, but volume looks lighter than I wanted. 78.5 is the line for me — if that cracks, this starts looking tired1Report
- blinky·08-12 14:42Who said CPI only moves the index? If it runs hot, CSCO probably looks even better as money hides from high betaLikeReport