Stocks to Watch Tomorrow, Aug 10, 2026 — Monday is not a quiet open. The S&P 500 enters the week at a fresh record of 7,757.64 — the index’s best five-day run since April 2026 — powered by something counterintuitive: the U.S. economy lost 23,000 jobs in July, the weakest reading in years, which traders interpreted as clearing the path for the Federal Reserve to hold rather than hike rates in September.

The week ahead is dominated by three macro data points and a stacked earnings calendar. Wednesday’s July CPI, Thursday’s PPI, and Friday’s Retail Sales will either validate the dovish pivot that just sent the S&P 500 to a record — or challenge it. Monday is the setup session. Here’s what to watch.

The Macro Backdrop Heading Into Monday

The “bad news is good news” dynamic is firmly in control. Friday’s shock -23,000 July payrolls sent stocks to a record because the data dramatically reduces the probability of a September rate hike. Monday’s session begins with that interpretation intact — until the data forces a reassessment.

#1 — ASTS (AST SpaceMobile) | Earnings Monday + Three Satellites Just Launched

This is Monday’s most catalytically dense stock. ASTS reports Q2 2026 earnings Monday — just five days after successfully launching BlueBird satellites 11, 12, and 13 from Cape Canaveral aboard a SpaceX Falcon 9 on August 5.

Why Monday’s Earnings Are Event-Level Important:

What to watch on the earnings call:

• Revenue trajectory: With BlueBirds 1-10 already in orbit, is commercial revenue materializing from AT&T, Verizon, and international carrier partners?
• Launch commentary: Management will address Bluebird 11-13 activation timeline and how quickly the new satellites will add commercial capacity
• Coverage expansion: What’s the current geographic coverage of the service, and what does the BlueBird 14-16 launch add?
• Cash position and runway: ASTS has been raising capital aggressively; investors will scrutinize burn rate vs. revenue ramp

The thesis is simple: space-based cellular broadband for ordinary smartphones at global scale. The August 5 successful launch reduces deployment risk. Monday’s earnings will show whether the commercial revenue is following the hardware success.

#2 — SPG (Simon Property Group) | Mall REITs Report Into a Record Consumer Climate

Simon Property Group — the largest mall operator in the U.S. — reports Q2 2026 results Monday. At a record S&P 500, with consumer spending data still intact despite the weak jobs print, the timing is interesting for the nation’s premier mall REIT.

Why SPG matters on Monday:

• SPG operates approximately 230 properties globally including premium outlet malls (Premium Outlets, The Mills)
• Q2 2026 is a direct read on whether the record-high stock market is translating to consumer foot traffic and retail spending
• The World Cup (hosted across U.S. cities through mid-July) likely boosted shopping tourism at premium outlets near host cities
• With 30-year mortgage rates at 6.55%, consumers who can’t afford homes may be directing more discretionary spending to retail — a counterintuitive SPG positive

Key metrics to watch:

• Same-store NOI growth (the REIT equivalent of same-store sales)
• Occupancy rate — analyst expectations: 95%+ (historically strong)
• Funds from operations (FFO) per share — the primary REIT earnings metric
• Any tenant bankruptcy risk disclosures — a persistent concern for mall operators
• Dividend per share guidance

#3 — PLUG (Plug Power Inc.) | Green Hydrogen’s Make-or-Break Moment

Plug Power reports Q2 2026 results Monday — and for a company that has been burning cash and missing targets for years, every quarterly report is a referendum on the green hydrogen thesis.

The PLUG context heading into Monday:

What markets need from PLUG on Monday:

• Gross margin improvement — Plug has been selling green hydrogen at a loss as production costs normalize
• Revenue guidance that shows the company is scaling toward the DOE-backed inflection
• Any DOE Hydrogen Hub deployment update — billions in government grants are the structural backstop
• Cash on hand and access to capital — survival question remains

The bull case: Plug Power has secured DOE funding, is commissioning new green hydrogen production facilities, and sits at the intersection of the clean energy transition and industrial decarbonization. The bear case: It’s been “imminent” for three years, and the clock on investor patience is running.

#4 — MNDY (Monday.com Ltd.) | After-Hours Earnings — Work Management’s AI Upgrade

Monday.com reports Q2 2026 earnings after the close on Monday. The analyst EPS estimate is $1.11 (per FXEmpire calendar).

Why Monday.com is interesting right now:

• Work management software (project tracking, workflow automation) is undergoing an AI transformation — AI-powered task automation, predictive project management, and intelligent resource allocation are Monday.com’s core growth vectors
• SoundHound AI (+23% on August 6 after earnings) and Shopify (+19.64% on August 5) both showed that AI monetization in application software is delivering real revenue results — Monday.com needs to be in the same camp
• The stock has pulled back from recent highs as enterprise software broadly faces “value vs. growth” debates

Key metrics for Monday’s after-hours report:

• ARR (Annual Recurring Revenue) and net retention rate
• Operating margin trajectory — this company has strong gross margins and is targeting operating leverage
• AI product adoption metrics — how many customers are using Monday AI features vs. standard platform?
• FY2026 guidance raise — essential in this earnings environment

#5 — FERG (Ferguson Enterprises Inc.) | Industrial Distribution Meets AI Construction Boom

Ferguson Enterprises reports Q2 FY2026 earnings before the open Monday. Analyst EPS estimate: $3.30 (per FXEmpire earnings calendar).

The Ferguson story in 2026:

• Ferguson is the largest U.S. distributor of plumbing, HVAC, and industrial products — supplying the mechanical, electrical, and plumbing (MEP) infrastructure for commercial construction
• The company benefits directly from the AI data center construction boom — every new data center needs plumbing, HVAC, and electrical infrastructure supplied through Ferguson-type distributors
• With construction spending elevated by AI facilities and the U.S. infrastructure law projects, Ferguson’s distribution volumes should remain robust

Watch for:

• Organic revenue growth vs. acquisition-driven growth
• Gross margin trends (distribution margins are tight; any pricing power is a positive signal)
• Commentary on data center construction activity — this is the hidden AI infrastructure play

#6 — GOLD (Barrick Mining Corporation) | The Gold Stock Reacts to $4,000+ Spot Prices

Barrick Mining reports Monday with gold prices holding above $4,000/ounce after gold gained 2.5% on Thursday August 6 as a safe-haven bid emerged during market volatility.

The Barrick-gold price connection:

• Every $100/oz increase in gold spot price adds approximately $300-500 million in annual free cash flow for a major miner like Barrick
• Gold at $4,000+ (vs. a mid-2025 level of around $3,200-3,400) represents a massive margin expansion for gold miners
• Barrick’s all-in sustaining cost (AISC) is approximately $1,100-1,200/oz — meaning current gold prices provide extraordinary margins

Key metrics for Barrick’s Q2:

• Production (ounces of gold and copper)
• AISC (any improvement from operational efficiency)
• Free cash flow — at current gold prices, should be exceptional
• Any new mine or expansion guidance
• Dividend or buyback announcement

The macro connection: Gold up 2.5% Thursday, gold miners typically amplify gold moves 2-3x with operating leverage. If gold breaks above $4,200 this week on CPI data, Barrick could outperform significantly.

#7 — AMD | The Symmetrical Triangle — Which Way Does It Break?

AMD is not reporting this week, but it’s the week’s most important technical setup in semiconductors.

After reporting record Q2 revenue of $11.536 billion (+50% YoY) with data center revenue doubling to $6.7 billion — AMD surged after earnings, then fell 7%, and is now “consolidating in a symmetrical triangle” (TradingKey technical analysis).

A symmetrical triangle is a classic continuation/indecision pattern:

• Bullish break above resistance: Would signal renewed AI chip demand buying, potentially targeting AMD’s 52-week high
• Bearish break below support: Would signal the August earnings sell-wave extending, with SNDK (-13.1%), SanDisk, and now AMD all showing the “beat but fall” pattern

The CPI on Wednesday is AMD’s trigger: If July CPI comes in below 3%, the rate-hike narrative collapses further, long-duration growth stocks (AMD fits this profile) get a lift, and the triangle could resolve higher. If CPI is hot, the opposite.

#8 — CRWV (CoreWeave Inc.) | Reports Tuesday — But Positioning Starts Monday

CoreWeave reports Q2 2026 earnings on Tuesday, August 11 — but Monday is the day traders build positions ahead of what could be one of the most important earnings reports of the entire Q2 earnings season.

Why CRWV is being discussed as a potential landmark report:

• CoreWeave is the first AI cloud computing company to IPO in 2026 — its results are the first direct public market evidence of whether the hyperscaler AI cloud business is as profitable as the capex suggests
• The Backblaze ($335M CoreWeave deal, August 4) confirmed that CoreWeave is actively contracting AI storage infrastructure — revenue ramp is real
• AMD data center doubling to $6.7B is a direct demand signal for CoreWeave’s GPU cluster business
• Consensus: CoreWeave is expected to report explosive YoY revenue growth but will be scrutinized for path to EBITDA profitability

Monday trade setup: Positioning ahead of a Tuesday after-market report typically shows up in elevated options activity Monday afternoon. Watch implied volatility on CRWV options.

#9 — RKLB (Rocket Lab USA) | The Space Infrastructure Sleeper

Rocket Lab is mentioned in Seeking Alpha’s Week Ahead preview as one of the names to watch during an eventful week for the space economy.

Why RKLB matters in this environment:

• ASTS’s BlueBird launches on August 5 renewed investor focus on the small satellite launch market — Rocket Lab is a primary provider of small satellite launch services
• The company is also expanding beyond launches into spacecraft manufacturing (its Photon satellite bus platform)
• The Electron rocket has completed numerous successful commercial missions in 2026, establishing operational reliability
• The next-generation Neutron rocket remains under development — a larger launch vehicle targeted at the medium payload market

Float note: RKLB has a relatively smaller float compared to large-cap aerospace names — making it more sensitive to positive sentiment shifts in the space sector.

#10 — SMCI (Super Micro Computer) | Tuesday Report — Monday Positioning

Super Micro reports Q2 FY2026 earnings on Tuesday August 11 — and given its position at the intersection of AI server hardware, data center infrastructure, and NVIDIA GPU deployment, it’s one of the most consequential reports of the week.

The SMCI context:

• Super Micro manufactures AI server systems — it assembles NVIDIA GPU clusters, AMD compute nodes, and custom rack-scale AI infrastructure
• With AMD data center doubling and NVIDIA maintaining dominance in AI training, SMCI is the assembler that benefits from both
• The company has faced accounting restatement concerns in prior quarters — any clean Q2 report without accounting red flags would be a major positive signal

What to watch:

• Revenue: The AI server backlog is the key metric; if SMCI can’t ship GPUs fast enough, that’s a supply chain constraint story
• Gross margin: Server assembly margins are razor-thin; any expansion is positive
• Accounting clarity: A clean audit opinion is worth as much as the EPS beat

The Week Ahead: Full Calendar

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Disclaimer: This publication is entirely for informational and journalistic purposes and does not constitute formal financial, investment, or legal advice. All market investments carry inherent risks of capital loss. Always complete independent due diligence prior to executing equity trades.

_{^{Full earnings calendar at Earnings Whispers | Week ahead preview at CNBC Week Ahead | CPI schedule at BLS.gov}}

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Kasia Davis

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