The stock market closed lower on Thursday as investors remained cautious ahead of Friday’s U.S. jobs report. Meanwhile, oil prices surged amid concerns over potential supply disruptions and proposed restrictions affecting the Strait of Hormuz, fueling renewed inflation fears.
Overall, S&P 500 fell 0.2% to 7,710, while Nasdaq slid 0.1% to 26,348.
Chart of the Day
Here is the one-year chart of Enova (ENVA) as of July 31, 2026, when the stock was at $252.
Enova, a money lender serving consumers and businesses with not-so-perfect credit ratings, broke out to a new All-Time high last week, as profits grew 33% on 22% revenue growth last quarter. This was driven by a 27% increase in loan originations – marking the company’s 11th straight quarter of over 20% year on year (YoY) growth – which expanded its loan portfolio by 28%. Management noted that the macroeconomic environment remained stable, supporting favorable credit trends across both consumer and small-business lending portfolios.
The small-business segment continued to lead growth, with originations up 29% and receivables rising 36% YoY. The consumer segment also delivered solid results, with originations growing 23% &receivables increasing 14%.
ENVA is part of our Focus List and Growth Portfolio.
