Picks for 2026-08-03

1. APLDApplied Digital Corporation

   APLD reported strong fiscal fourth-quarter and full-year 2026 results on July 27, with revenue significantly beating analyst expectations, driven by its AI data center expansion. Despite the revenue beat, the stock fell following the announcement, likely due to investor anxiety over the company's increasing debt, which reached over $5.1 billion in one quarter. The company is accelerating its target to achieve $1 billion in net operating income, now aiming for this milestone within the next 12 months, supported by a substantial $36 billion in long-term lease revenue contracts.

   5-day return -1.46% · -3.49% vs SPY · lagged SPY

2. TET1 Energy Inc.

   T1 Energy (TE) is seeing increased trading interest today, up over 8% after announcing a contract to supply Clearway Energy Group with 641MW of solar modules. This deal, supporting a U.S. supply chain, comes on the heels of recent positive news including strong Q3 2026 earnings that beat guidance, an acquisition of advanced solar intellectual property, and a private placement of convertible notes.

   5-day return +7.49% · +5.46% vs SPY · beat SPY

3. KTOSKratos Defense & Security Solutions, Inc.

   Kratos Defense & Security Solutions (KTOS) is set to report its Q2 2026 earnings after market close on Tuesday, August 4th, with analysts expecting earnings per share of $0.13 and revenue of $410 million. The company has a history of beating analyst estimates, including a notable Q1 2026 beat, but some models do not predict an earnings beat this time. Recent positive news includes the completion of a $50 million hypersonic systems facility and a critical component delivery for Lockheed Martin, which could impact investor sentiment ahead of the earnings call.

   5-day return +26.84% · +24.82% vs SPY · beat SPY

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