The stock market closed mixed on Monday, with S&P 500 falling 0.3% to 7,653, while Nasdaq declining 0.8% to 25,980. This was driven by weakness in chip and technology stocks, along with escalating trade tensions involving Canada and Iran.
Investors are now closely focused on Nvidia’s (NVDA) earnings report, due Wednesday, as well as upcoming inflation data.
Tweet of the Day
SpaceX $SPCX Revenue Expected to Fly High with AI (Not Space) Leading the Way | https://t.co/8XLgmeCl75
— SchoolofHardStocks (@SchoolHardStock) August 16, 2026
Chart of the Day
Here is the one-year chart of Wingstop (WING) as of August 10, 2026, when the stock was at $118.
Wingstop stock has come under heavy pressure amid a pronounced deterioration in domestic same-store sales. Same-store sales have deteriorated sequentially from 1% growth six quarters ago to -2%, -6%, -6%, -9%, and now -8%. Management has attributed the weakness primarily to lower transaction volumes and pressure on consumer spending, characterizing the deterioration as macro-driven rather than indicative of a fundamental issue with the Wingstop brand. High gas prices are hurting the Wingstop customer. David Sharek, Founder of School of Hard Stocks, thinks there is just a lot of chicken competition out there.
Management expects the consumer environment to remain choppy in 2026, with domestic same-store sales forecasted to decline by 4–6%. On the bright side, Wingstop has continued to deliver earnings growth with profits up 18% last qtr and revenue growth of 6%.
WING is part of the Growth Portfolio.
