Month: August 2026

Comment from “Meet” Bret Jensen:

Bret Jensen

28m ago

Why housing will remain moribund dept.

10 years ago: 30-yr mortgage rate was 3.4% & median existing home price in the US was $243k

Today: 30-yr mortgage rate is 6.7% & median existing home price is $434k

Result: $38k increase in down payment (assume 20% down) & 160% increase in monthly payment (from $862 to $2,240)

And now add in the big hikes in property taxes and insurance in many regions of the country.

Positions: None.

Upside:

-MOVE +43% (expands critical IT capacity to 8 MW by end-2026; secures $33M private placement in step to fund expansion)

-SAIC +8.0% (earnings, guidance)

-GME +3.8% (Q2 guidance; amends $1.4B convertible notes exchange)

-BW +3.6% (Needham Initiates BW with Buy, price target: $20)

-RZLV +3.4% (momentum)

-KALU +2.3% (UBS Raised KALU to Buy from Neutral, price target: $184)

-CVX +2.2% (renewed Middle East hostilities)

-EPAM +2.1% (activist hedge fund Engine Capital discloses 1.5% stake in letter pushing for company share buybacks)

Downside:

-PCG -16% (State of California legislature amends Senate Bill 492 for wildfire risk reduction, recovery)

-EIX -13% (State of California legislature amends Senate Bill 492 for wildfire risk reduction, recovery)

-MNSO -7.9% (multiple broker downgrades)

-HWM -4.4% (Elon Musk says SPCX could begin making blades, vanes for gas turbine production)

-PINS -3.3% (CFO announces resignation)

Today

8:00 a.m.: Fed Treasury Repo Reference Rate; 

10:30 a.m.: Dallas Fed Manufacturing Activity (August); 

3:00 p.m.: Agricultural Prices Paid; Agriculture Prices Received (July)

Remainder of the Week

Positions: None.