Blockbuster Debuts & Buy Signals Beneath the Noise

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Big investors are buying this “unlisted” stock

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs who backed Uber, Venmo, and eBay also invested in Pacaso.

Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.

And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.

Now, after 41% YoY gross profit growth last year alone, they recently reserved the Nasdaq ticker PCSO.

Invest for $2.90/Share

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

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👋 ICYMI

Markets entered August on uncertain footing. While trade optimism and big tech earnings capped off July, renewed tariff threats and a softening labor report are raising volatility risks.

🔁 Market Movers

• 💻 Big Tech Earnings Success
  Apple $AAPL ( ▼ 0.25% ) , Microsoft $MSFT ( ▼ 0.92% ) , and Meta $META ( ▼ 2.33% ) all beat estimates—driving over $400B in combined market cap gains. Meta’s AI spending is paying off, and Apple’s services division posted its fastest growth in 7 quarters.

• 🤨 Amazon Slides Despite Beat
  $AMZN ( ▼ 0.15% ) dropped 8.2% post-earnings on muted AWS guidance—even after topping Q2 estimates. Cloud margins are under pressure.

• 📉 Markets Slide on Jobs Miss & Tariffs

  Stocks dropped sharply Friday after July payrolls added just 73K jobs and prior months were revised down by 258K, while fresh tariffs on 70 trading partners added to market pressure.

• 💬 Reddit Pops on Q2 Beat
  Reddit jumped 15% after posting its fastest growth yet: revenue up 78% to $500M, DAUs hit 110.4M, and EPS swung to $0.45. Strong growth was driven by AI-enhanced ads and rising engagement.

👀 Signals I’m Watching

• 💳 Consumer Spending Holding Despite Headwinds

  Mastercard $MA ( ▲ 0.04% ) reported 17% revenue growth (to $8.1 billion) and a 9% rise in gross dollar volume in Q2. Management emphasized that consumer spending across travel, cross-border, and discretionary categories remains healthy—even amid tariff and rate concerns.

• 📈 Q2 Earnings Beat Pace Picks Up
  FactSet reports that 82% of S&P 500 companies that have reported Q2 results so far beat expectations—marking the highest beat rate since Q3 2021. Strong surprises in both revenue and margins across tech, financials, and healthcare are boosting confidence into earnings blackout periods.

• 🤖 AI Hardware Capex Still Accelerating
  Dell’Oro Group data confirms 1Q25 server and storage component revenue surged 62% year-over-year, with hyperscalers accelerating infrastructure spend to support AI compute. It suggests sustained capital deployment across cloud and enterprise providers.

⚠️ Red Flag to Note

Fed Sends Mixed Signals on Rate Cuts

Fed officials left rates unchanged and struck a cautious tone—despite markets still pricing in up to three cuts by year-end. Powell’s “wait-and-see” approach and a split in the committee (with two calling for cuts) highlight uncertainty. This policy mismatch could keep pressure on rate-sensitive sectors like tech and housing if expectations adjust.

🔍 Insider Transactions I’m Watching

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🚀IPO Watch

🌟 Figma IPO = Blowout Debut
Figma $FIG ( ▼ 2.24% ) priced its IPO at $33/share and closed its first trading day at $115.50—a staggering ~250% debut gain, pushing its market cap to $50–60B. Analysts call it the largest U.S. IPO pop for a billion-dollar offering in over 30 years, and potential proof that investor appetite for tech IPOs has returned with a vengeance.

🔒 Bgin Blockchain Adjusts Deal Amid Crypto Sentiment Shift
Bgin Blockchain, a maker of crypto-mining equipment, downsized its proposed IPO by ~28% to $36M in raise size after pre-marketing feedback showed investor caution amid regulatory uncertainty. This tracks the broader unease but underscores the niche’s continued ambition to go public.

📅 Looking Ahead: New Candidates on Deck

🚑 Heartflow
Mountain View, Calif.-based cardiovascular disease diagnostics company, set IPO terms to 12.5m shares at $15-$17. It would have a $1.4b fully diluted valuation, were it to price in the middle, and plans to list on the Nasdaq (HTFL). It's raised over $900m from firms like Bain Capital Life Sciences, HealthCor Partners, Wellington, and USVP.

📬 Closing Note

From AI-powered rallies to earnings surprises and blockbuster IPOs, this week had it all. But most people only catch the headlines.
Be the one who sees the shifts before they show up on CNBC—hit forward and let someone else sip smarter.