This summer's most beaten-down retail name might be setting up its comeback swing.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

August 10, 2026   |   Read online   Unsubscribe   The E-Commerce Pullback Where the Fear Is Already Priced In This company is down more than 45% from its 52-week high, with 27 million shares sold short and earnings five weeks out. Income Stocks (Sponsored) 7 “Forever” Dividend Stocks Revealed A company doesn’t raise its dividend for 50+ years by accident. It takes durability, discipline — and a business built to survive anything. Our latest report reveals 7 “buy and hold forever” stocks with decades-long payout histories and rock-solid balance sheets. One healthcare leader has increased its dividend for 61 consecutive years. These are the types of companies designed to quietly compound wealth over time. Download your free copy now. (By clicking the link above, you agree to receive emails from Marketbeat. You can opt out at any time. - Privacy Policy) Chewy, Inc. August 7 – Pre‑market Ticker: CHWY | Sector: Consumer Cyclical | Market Cap: ~$9.63B 30‑Second Take Why now? Chewy has been the piñata of consumer discretionary this summer. You've watched prices take a beating, sliding from a 52-week high of $43.50 down to $23.43. Amazon's push into pet, softer discretionary spend, and a wider sell-off in anything touching consumer e-commerce have all played a part. And then the selling got indiscriminate. Short interest sits at 27.33M shares, about 6.7% of the shares outstanding and up from 25.31M the prior month. Forward earnings are being valued at 14.6x against a trailing 39x. That is a crowded short base sitting in front of a September earnings date, in a category that does not stop spending. You want to be early to that, not late. Trade Setup Time frame: Swing (2 to 6 weeks) Edge type: Contrarian rebound into a washed-out setup Learn More (Sponsored) The AI Stock to Watch Louis Navellier says his $9 million Stock Grader system is flashing its highest rating on one AI stock for 2026. This company recently reported record annual revenue of $113.5 billion, earned an A-rating in his system, and is tied to a major AI expansion linked to Elon Musk’s “Project Apex.” Navellier says this is the same system that helped him spot Nvidia long before its historic run. Now, he is revealing the name, ticker, and full analysis of his #1 AI stock pick for 2026, completely free. Click here to get Louis Navellier’s #1 AI stock for 2026 before this free briefing comes down. The New York Stock Exchange is synonymous with American finance — but it wasn't the first stock exchange in the U.S. Which was? The Boston Stock Exchange, founded in 1782 The Philadelphia Stock Exchange, founded in 1790 — predating the NYSE by two years The Baltimore Merchant Exchange, founded in 1785 The Hartford Commodity Exchange, founded in 1787 Snapshot Table Metric Value Current Stance Price $23.53 Below average 52‑week range $17.40 - $43.50 Below average Market Cap $9.63B Mid-cap, plenty of liquidity Beta 1.42 Higher beta, moves faster than the market P/E Ratio 39.13 trailing / 14.64 forward Priced for a recovery in earnings Avg Daily Volume 7.60M shares (20-day) Deep liquidity, easy in and out Next Catalyst Q2 earnings, September 9, 2026 The event that confirms or kills the setup Chart 1-Month Synopsis: CHWY has been under heavy pressure over the past month, giving back a chunk of value as sentiment around consumer discretionary and Amazon's pet push weighed on the shares. The stock is trading around $23.40, well off the $43.50 high but still comfortably above its 52-week low of $17.40. Which tells you a lot about the setup. The fear is priced in, sellers have been active, and any positive surprise from here creates a violent snapback. That's the asymmetry. Bull Case  Core thesis: Chewy runs the largest online pet retailer in the US, and pet spending is one of the stickiest categories in all of consumer discretionary. People don't cut back on their dog's food before their own coffee. Auto-ship, Chewy's subscription backbone, still delivers the majority of net sales with retention rates the physical retailers can only dream about. Catalysts to watch: the stock has round-tripped a full year of gains while revenue kept growing, and the forward multiple has compressed to 14.6x. That is the gap you are being paid to close. Nothing here needs a heroic assumption. It needs the business to keep doing what it has been doing while sentiment normalizes. A few things stack up from here. Q2 earnings land on September 9, and expectations have been crushed, so the bar you need it to clear is on the floor. Chewy Vet Care clinics are ramping, adding the higher-margin adjacency the story has been missing. The company has been buying back stock, and at $23 the math works better for you than it did at $40. Sentiment is washed out, so surprise risk skews in your favor. Valuation upside: The pet TAM in the US is still growing mid-single digits, and Chewy owns the online lane. Strip out the noise and you're paying a mid-cap price for a category leader with a subscription revenue base. That gap is the opportunity. Bear Case  You need to know what could blow this up. Amazon's push into pet is real, and Chewy has been giving back share in some categories. That's not going away. If Amazon Prime Pet Pharmacy scales aggressively into 2026, the margin compression story gets uglier before it gets better. The consumer piece is a genuine risk too. Discretionary categories are still under pressure, and while pet is stickier than most, the premiumization trend that drove Chewy's margins higher is reversing. Your neighbors are trading down to cheaper food brands. That hits gross margins directly. Then there's the earnings binary. Q2 results are the catalyst that either confirms the thesis or blows it up. Guide Q3 conservatively and you'll see another leg down before the rebound. Size accordingly. This is a swing trade, not a lifetime hold. One more thing you should know: CEO Sumit Singh disposed of 81,841 shares between July 31 and August 3, roughly $1.9M worth, per his Form 4. Planned or not, that is not the signal a bull wants to see going into a print. One last risk to keep on your radar. A heavy short base cuts both ways. It can fuel a violent snapback, and it can also mean the people who study this company most closely think the margin story gets worse first. Respect the other side of the trade. Quick Checklist  ✅ Thesis still valid after today's close ✅ Volume confirms bounce above the $24.50 level ✅ Q2 earnings date confirmed (September 9, 2026) and short interest still elevated Deep‑Dive Links Latest earnings report Analyst ratings and price targets Short interest data Company profile and investor relations That’s all for today’s Everyday Alpha. We’ll have a new pick for you every morning before the market opens, so stay tuned! Best Regards, —Noah Zelvis Everyday Alpha   Legal Stuff: Stocks featured in this newsletter are for entertainment purposes only. You should not base any investment decisions on information contained in my newsletter. Stocks featured in this newsletter may be owned by owners/operators of this website, which could impact our ability to remain unbiased. Please consult a financial advisor before making any trading decisions. I may earn a small commission from links placed inside these emails. Update your email preferences or unsubscribe here © 2026 Everyday Alpha 1032 E Brandon Blvd #9644 Brandon, FL 33511, United States

Gold jumped to $4,343 on a shrinking economy

July's economy shed 23,000 jobs; gold closed near $4,343, its best week since January. Wednesday's CPI is the real test.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

August 10, 2026 The economy shed jobs on Friday and gold had its best week since January. Read together, they price a Fed with no easy way out, and Wednesday’s inflation number tightens the box.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌   THE INVEST HAVEN August 10, 2026  •  Monday edition  •  No hype, just perspective. Gold’s Best Week Since January Is a Bet the Fed Is Trapped Friday brought a jobs report that showed the economy shedding work, and two things rose on it: stocks to a record, and gold to its strongest week since January. The easy story is that both are cheering rate relief on the way. Yet a week ago the live argument inside the Federal Reserve was about raising rates, and gold does its best work exactly when the Fed has no good answer. Sponsored Brownstone Research New Patent Reveals Elon Musk’s Next Breakthrough: M.A.G.I. This new form of AI could create so much wealth that Elon Musk calls it “an infinite money glitch.” The CEO of Nvidia, Jensen Huang, is on record predicting this will be “the next wave” of the AI boom… And that it will launch “the next multi-trillion-dollar industry.” Which is why Jeff Brown is recommending this little-known Elon Musk supplier that’s at the center of this revolution. The Scoreboard • The signal: Gold closed Friday at about $4,343 an ounce, up roughly 2.4 percent on the day and close to 5 percent on the week, its strongest week since January. • The jobs number: The economy lost 23,000 jobs in July against an expected gain near 80,000, and payrolls for May and June were revised down a combined 103,000. • The rate reversal: Futures had put the odds of a September rate hike above 57 percent before Friday, and three Fed officials had just dissented in favor of raising on July 29. By the close, that hike case had largely come apart. • The record tape: The S&P 500 finished at a record 7,758, capping its best week since April, on the same report that showed the economy contracting. • The context: At $4,343, gold still sits more than a fifth below its January high near $5,600. This is a recovery off that high, and the timing of the recovery is the tell. Sponsored American Alternative Assets Every war since Vietnam has quietly destroyed American retirement savings. Trump’s approval is at 36%. Midterms are seven months away. He needs a move that changes everything overnight. He has one. It doesn’t require Congress. It could add over $1 trillion to the government’s balance sheet and potentially make a large number of everyday Americans very wealthy. A president used this same move once before in 1934. It created generational fortunes. A free report explains what it is and how to get positioned before he plays it. Download Your Free Report Here © American Alternative Assets. All rights reserved. This is an advertisement. Details What Gold Saw That the Tape Missed At 8:30 Friday morning, the Bureau of Labor Statistics reported that the economy shed 23,000 jobs in July, when Wall Street had penciled in a gain near 80,000. By the closing bell the S&P 500 sat at a record 7,758 and gold had climbed 2.4 percent to about $4,343. Two assets that usually disagree rose on the same headline, and most of the coverage settled on one tidy explanation: a weaker economy means the Federal Reserve steps in, so buy everything. Saturday’s note framed the record rally as a bet that inflation stays quiet enough to let the Fed help. This is the same bet seen from gold’s side of the table, and from that seat it looks less like confidence and more like a hedge against the Fed having no help to give. The rescue everyone is pricing is the wrong rescue. Read the calendar, not the reflex. Going into Friday, CME futures put the odds of a September rate hike above 57 percent, and at the July 29 meeting three members of the Federal Open Market Committee dissented because they wanted to raise rates, not hold. Kevin Warsh’s Fed has been plain that the 2 percent target comes first. Friday’s weak report postponed a rate hike. Read the tape and you would think it delivered a rate cut, and those are very different gifts. A portfolio at record highs is quietly counting on the cut while the Fed has spent its recent meetings arguing about the hike. Why gold moved when the tape did. Gold rose because the one environment it is built for is the one the Fed cannot fix: a labor market that is weakening while inflation refuses to fall. In that box, a cut risks reigniting prices and a hike risks deepening the slowdown, so the central bank is left flat-footed, and the asset that answers to no policy rate gets the bid. That is why gold had its best week since January the same week the economy shrank. And note what did not happen. At $4,343 gold remains well below its January high near $5,600, so the breakout reads as a recovery that chose its moment rather than a victory lap. The oil wildcard sitting under Wednesday’s number. June’s cooler inflation was borrowed from a single commodity: gasoline fell when the Strait of Hormuz briefly reopened. That loan is being called back. Oil has climbed again, with Brent near $84 and West Texas Intermediate around $79 to start this week, while the Iran and Oman framework on Hormuz remains unsigned and Iran’s foreign minister says Tehran is not even in direct talks. If July inflation runs warm on Wednesday, the Fed’s box gets smaller, the hike argument the market just buried starts breathing again, and gold’s logic hardens rather than fades. Where that leaves your portfolio. If you hold a standard 60/40 allocation, your equity side just booked a record on the back of a contracting economy, which is a strange thing to celebrate without asking what it assumes. You do not have to forecast Wednesday to think clearly about it. Recognize that the rally is pricing a rate cut the Fed has not promised and was, a week ago, debating the opposite of. Gold is the rare holding that does not need the Fed to pick a side to justify itself. And a six-month Treasury bill still pays close to 4 percent to hold no view at all, collecting the same whether Wednesday runs hot or cold. Gold spent this year being called a relic while the patient man kept holding it. Its best week since January arrived the same morning the economy showed it was shrinking, and the tell is that gold pays most when the Fed is out of good answers. Wednesday’s inflation report, due August 12 at 8:30 in the morning, is where the theory meets the tape. Harold Winston Thirty years advising individual investors. Now reads markets for a living. No hype, just perspective.   Update your email preferences or unsubscribe here © 2026 The Invest Haven 228 Park Ave S, #29976, New York, New York 10003, United States