The Morning Bull - US Market Morning Update Monday, Aug, 31 2026
US stock futures are pointing slightly lower, with E-mini S&P 500 contracts down about 0.3%, as investors weigh stubborn inflation worries against mixed economic signals. Former Fed official Kevin Warsh highlighted the PCE inflation gauge and warned price pressures could be slow to fade, which keeps Treasury yields elevated and borrowing costs higher for households and companies. At the same time, US consumer sentiment has been revised up to 51.7 and one year inflation expectations now sit at 4.0%, so the cost of living is still a concern. The dilemma for investors is whether higher for longer rates will hit interest sensitive areas like real estate and small cap stocks harder than larger, cash rich companies that may cope more easily with tighter financial conditions.
With long term yields grinding higher across the US, UK and parts of Europe, many investors are quietly shifting focus toward 75 resilient stocks with low risk scores that may offer more resilience if growth data softens further.
Top Movers
- Workday (WDAY) jumped 5.76% after strong Q2 results, a new US$4b buyback, and updated guidance.
- ServiceNow (NOW) gained 4.54% following an AI powered pricing integration launch with Pricefx on its platform.
- SLB (SLB) rose 4.22%.
Is Workday still a smart investment or just hype? Read our most popular narrative and get all the answers you need.
Top Losers
- PayPal Holdings (PYPL) fell 12.71% after weak guidance and margin concerns weighed on investor sentiment.
- Marvell Technology (MRVL) declined 10.28% despite strong earnings and raised long term revenue outlook.
- BioNTech (BNTX) dropped 8.37% after terminating a Phase 2 cancer trial for autogene cevumeran.
For a broader view of weaker sentiment pockets, you can scan stocks using Our stock screener.
Look past the noise - uncover the top narrative that explains what truly matters for Marvell Technology's long-term success.
On The Radar
US tech earnings take the spotlight over the next two sessions, set against a busy global data backdrop.
- Palo Alto Networks (PANW) reports Q4 2026 results on Tuesday After-Market, highlighting demand trends for cybersecurity spending and subscription growth.
- Dell Technologies (DELL) posts Q2 2027 results on Tuesday, giving a fresh look at enterprise hardware budgets and PC related demand.
- Credo Technology Group Holding (CRDO) reports Q1 2027 results on Tuesday at 4:00 PM Eastern, with focus on data center connectivity revenue.
- Medtronic (MDT) delivers Q1 2027 earnings on Tuesday morning, with attention on procedure volumes and margin resilience for medical devices.
- Broadcom (AVGO), Snowflake (SNOW) and Hewlett Packard Enterprise (HPE) report on Wednesday, anchoring a read on data center and cloud infrastructure demand.
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Where Are The Opportunities Now?
Look beyond the headline indices and focus on companies built to handle higher rates, because the most durable stories rarely stay under the radar for long. Our research team has pulled together list of solid balance sheet and fundamentals (52 results) that pair healthy balance sheets with robust fundamentals at a moment when financial strength matters most.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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