Published briefing

Aug 12, 2026

Freshness check · published Aug 12, 2:49 AM ET

This is the briefing exactly as published on Aug 12, 2026. It is never edited afterwards, so figures and views in it are as of that date and may since have changed. It is a record, not current advice.

Aug 12 Pulse — What Changed

INSW crossed the 8/10 bar. International Seaways reported record Q2 2026 results: net income $295M, adjusted EBITDA $345M, EPS $5.91 beat, and blended spot TCE reached $79,000/day versus $27,500/day a year ago — a near-3× rate improvement. The company declared its largest-ever quarterly dividend of $5.05/share, payable September 2026, reflecting the 85%-payout policy in full force. Q3 2026 forward bookings are visible and forward rates remain elevated. Conviction moves from 7 → 8; INSW joins the shortlist.

All three prior 8/10 ideas — AVGO, MU, and CCJ — were re-reviewed and affirmed without change. No ideas were killed or closed this run. No new ideas were opened.

What to Watch Next

Sept 2, 2026 (confirmed) — AVGO Q3 FY2026 earnings after close. The $16B quarterly AI revenue guide is the single number that matters.
September 2026 — INSW $5.05/share dividend payable. Also watch for any Q3 2026 spot rate commentary from tanker operators.
Early November 2026 (estimated) — CCJ Q3 2026 earnings. Key data points: realized uranium price versus C$93.13/lb Q2 benchmark, and any Westinghouse S-1 updates or IPO timeline signals.
Ongoing — MU HBM allocation signals and any TrendForce Q4 2026 DRAM price surveys. A price reversal or inventory build would be the first warning on the thesis.