Good morning investors!

If this is your first time reading, welcome to The Investor’s Edge — a thriving community of over 27,000 subscribers striving to be better investors with an edge in the market.

Every weekend we publish “The Weekly Wrap-Up” — your ticket to being well informed and staying ahead in the investment game!

This report is designed to help investors of all skill levels break down important stories/topics within the stock market. And best of all, we cut through all of the BS and give you exactly what you need to know in easy to digest, bite sized pieces of content.

Grab your coffee and let’s dive in.

Stocks struggled to find their footing this week but Friday’s tariff announcements led to a nice bounce into the weekend.

These are some of the biggest stories from the second half of the week that had an influence on market action.

The Supreme Court ruled 6-3 that President Trump did not have legal authority to impose sweeping tariffs using emergency powers, striking down a major part of current U.S. trade policy. The decision removes tariffs implemented under the International Emergency Economic Powers Act and introduces fresh uncertainty around trade, corporate costs, and government revenue. Within hours of the ruling, however, the White House announced a new 10% global tariff.

🔑 Key Points

👀 What You Need to Know

This ruling removes a key policy driver that had been influencing inflation expectations, corporate guidance, and market sentiment. Lower tariffs can ease cost pressure across retail, manufacturing, and industrial supply chains in the near term. The bigger issue now is uncertainty, since tariffs remain central to trade strategy and a replacement measure has already been announced. Expect continued volatility as markets adjust to shifting trade rules and policy headlines.

Walmart $WMT ( ▲ 2.8% ) delivered a modest earnings beat but provided cautious guidance amid a ‘somewhat unstable’ backdrop. The stock was down -8.2% this week.

📚 Edge-ucation: What are Capital Returns?

Capital returns refer to the ways companies give excess cash back to shareholders after funding operations, investing in growth, and maintaining financial stability. Instead of reinvesting every dollar into the business, companies may return capital through dividends or share repurchases to reward investors directly.

Understanding capital returns helps investors evaluate how efficiently management balances growth investment with shareholder rewards.

Knowing what the market did is easy. Understanding why it moved is the hard part.

Brew Markets is a free daily newsletter that breaks down what actually drives markets and the economy—rates, earnings, inflation, policy, and the trends shaping where money flows.

No hype. No hot tips. No guessing games. Just clear, smart market coverage with a sense of humor, so you can stay market-smart without staring at tickers all day.

If you want better investing news with context that actually sticks, join 135k+ investors reading Brew Markets for free.

Check it out

Several major names reported this week, and the common thread was strong demand continuing across multiple industries, but stocks reacting primarily to guidance, margin outlooks, and sustainability of recent execution following large rallies into earnings.

Palo Alto Networks $PANW ( ▼ 3.01% ) delivered another top and bottom line beat, but shares sold off as investors focused on lower profit guidance tied to acquisition and platform integration costs tied to its AI security expansion.

DoorDash $DASH ( ▼ 6.8% ) reported strong revenue growth driven by order volume and marketplace expansion, but earnings missed expectations as investment spending and incentive costs weighed on profitability.

Carvana $CVNA ( ▼ 4.18% ) posted record profitability and revenue growth as operational efficiency improvements continued, though shares pulled back following elevated expectations and EBITDA coming in slightly below forecasts.

Deere $DE ( ▼ 2.33% ) delivered a clean beat with improving construction and small agriculture demand offsetting ongoing weakness in large farming equipment markets, alongside a raised full-year outlook.

Figma $FIG ( ▼ 5.83% ) delivered strong post-IPO execution with continued enterprise adoption and accelerating subscription growth supporting another clean beat.

For full breakdowns of these earnings, including graphics and all key takeaways. head to the earnings channel in our Discord.

In this section, we'll be curating a selection of news headlines we think you'll find interesting. If a topic catches your eye, click the provided links to read more about it.

We continue to push out more and more content every week to give investors that edge. Here are the posts Investor’s Edge+ subscribers received this week.

Mondays are for the investors. Every Monday morning we share exactly what we’re watching in the week ahead, how we’re positioning, and even share a sneak peek into our systems and models. This week we discussed the pressure building under the surface as we awaited the upcoming inflation data, Iran tensions, and earnings. See the latest full report here:

Another inflation print and a huge week of earnings will keep us busy here once again at the Edge.

After a relatively quiet week, earnings season ramps up again next week as several major retailers and software names are scheduled to report. As important as those earnings are, none of them will be as impactful as Nvidia on Wednesday, and you can bet all eyes will be on them when they report. Here is the full calendar of scheduled earnings releases:

Overall, 8 of the names we cover are set to report:

Next week will be pretty quiet on the economic news front but we will get a key inflation report Friday in the PPI.

We also get initial jobless claims, a housing report, and some economic activity data throughout the week.

Here is the full calendar of events we will be watching:

If you are only reading the newsletter, you are only getting a fraction of the benefits of being an Edge subscriber.

Our Discord server is tailor-made for investors like you who want to dive deeper into stocks, share insights, and engage directly with us. And it’s completely free!

Here’s what you’re missing in the Discord:

🗨️ Chat rooms: Investors discussed the the huge moves from mega cap tech. Members also dove into the number of jobs reports and shared their views on the overall economy.

📊 Earnings / Economic reports: No more waiting for our newsletters to hit your inboxes - see earnings results and economic data as they are released. And more importantly, get our reactions and insights immediately.

🚨 Trade Alerts: Chris and Mark shared several trades, including additions to the portfolio and trades that set up their portfolios for the week.

Join us on Discord and let's level up our investing game together. The future of trading awaits—and you're invited to be a part of it! 🌟

If you haven’t done so, check out the social media pages of our collaborators and give them a follow:

Thank you for reading this edition of the Weekly Wrap-Up. Have a great weekend!

Until next time investors!

Mark & Chris

The Investor’s Edge

This is not investing advice. It is very important that you do your own research and make investments based on your own personal circumstances, preferences, goals and risk tolerance.