Victory Capital (VCTR) +9.8% on S&P 600 Inclusion

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Victory Capital Holdings rallied nearly 10% after S&P Dow Jones Indices announced the stock will be added to the S&P SmallCap 600. Index inclusion often sparks buying from funds tracking the benchmark, and the move reflects improving fundamentals and market capitalization strength.

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The Trade Desk (TTD) +14.7% on S&P 500 Promotion

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The Trade Desk soared almost 15% on news it will join the S&P 500. The upgrade boosts institutional demand and validates the ad-tech firm’s scale and profitability. Investors are betting the inclusion will drive sustained inflows and momentum as passive funds rebalance.

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China Targets EV Price Wars

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China is cracking down on price-cutting in its electric vehicle sector as deflation risks rise and industrial profits shrink. At a State Council meeting led by Premier Li Qiang, officials vowed to shift automakers away from unsustainable discounts and toward higher quality, innovation, and better financial discipline.
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EV prices have plunged since 2023, dragging down consumer inflation and raising alarms over knock-on effects in upstream industries like steel and battery materials. Cars have now weighed on China’s CPI for three consecutive years.
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Stabilized pricing would support Tesla’s margins, which have been hit by aggressive discounting in China. But with competition still fierce and policy possibly favoring domestic firms, Tesla’s pricing power remains fragile in its second-largest market.

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Netflix Lifts Forecast as Revenue and Cash Flow Surge

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Netflix topped Q2 estimates and raised its full-year revenue and free cash flow guidance, driven by strong subscriber growth, higher pricing, and momentum in ad sales. Revenue climbed 16% YoY to $11.08 billion, narrowly beating expectations, while net income rose to $3.1 billion, or $7.19 per share. Free cash flow jumped 91% YoY to $2.3 billion, prompting an upward revision to the 2025 target range of $8–8.5 billion. Netflix credited currency tailwinds, solid member retention, and growing advertising revenue—but warned that H2 margins will dip due to heavier content and marketing spend.
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While subscriber figures were withheld again, upcoming content includes major releases like Stranger Things, Wednesday Season 2, and Happy Gilmore 2. Shares dipped ~5% on Friday as investors digested the margin forecast despite the strong topline beat.

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