New movies out this week: July 17-23
Karate Kid: Legends
Directed by Jonathan Entwistle.
Who's in it?
Jackie Chan, Ben Wang and Joshua Jackson.
What's it about?
After kung fu prodigy Li Fong relocates to New York City, he attracts unwanted attention from a local karate champion and embarks on a journey to enter the ultimate karate competition with the help of Mr. Han and Daniel LaRusso.
Why watch it?
Ralph Macchio was 63 at the time of this film's release, 12 years older than Pat Morita was when "The Karate Kid' (1984) was released.
Smurfs
Directed by Chris Miller.
Who's in it?
Natasha Lyonne, Hannah Waddingham and Kurt Russell.
What's it about?
When Papa Smurf is taken by evil wizards Razamel and Gargamel, Smurfette leads the Smurfs on a mission to the real world to save him.
Why watch it?
During release, all Smurfs movies from the 21st century have had Smurfette voiced by a famous singer in The Smurfs (2011) and its sequel The Smurfs 2 (2013), she is voiced by Katy Perry, in Smurfs: The Lost Village (2017), she is voiced by Demi Lovato, and in this movie, she is voiced by Rihanna.
Directed by Phawat Panangkasiri.
Who's in it?
Nek Naruepol, Toomtam Yuttana, Surapol Thongduang and Kan Tasana.
What's it about?
Tragedy strikes when, during a sacred ritual, Chai suffers a horrifying death. Rumour spreads among his mor lam troupe that his death was caused by a violation of the sacred rite known as 'Khai Aor'. Troupe member Ken begins to suspect there may be more to Chai's death and sets out to uncover the truth.
Why watch it?
The truth is hidden beneath layers of belief and faith.
Directed by Kim Soo-jin.
Who's in it?
Lee Sun-bin, Han Soo-a and Kim Min-Seok.
What's it about?
A woman with a hearing impairment who is haunted by sounds linked to her sister's disappearance and the presence of a malevolent spirit. It leads to a dark secret and the revelation of a mysterious entity.
Why watch it?
Kim Soo-jin's feature film debut.
Directed by Abhilash Chandra and Syafiq Yusof.
Who's in it?
Sharnaaz Ahmad, Syafiq Kyle and Shukri Yahaya.
What's it about?
A group of close-knit men working in an 'elite security' organization providing protection for powerful men and organised crime leaders is tested when betrayal lurks within the brotherhood.
Why watch it?
Chandra's directorial debut.
Saint Oniisan the Movie: Holy Men vs Akuma Gundan (Saint Young Men: Holy Men Vs Demon Army)
Directed by Yûichi Fukuda.
Who's in it?
Shôta Sometani, Ken'ichi Matsuyama and Tatsuya Fujiwara.
What's it about?
There are saints living in Tokyo, Japan: Buddha the Enlightened One, and Jesus, Son of God. After successfully bringing the previous century to a close, the two share an apartment in Tachikawa while enjoying some well-earned time off down on Earth. Buddha pinches pennies like a typical neighborhood housewife, while Jesus is prone to making impulse buys.
Why watch it?
Starting in May 2024, the producers announced more information on the movie on the 23rd of every month until the film's release. The 23rd was chosen as a pun on "Onii-san" ("ni" and "san" are the Japanese words for "2" and "3", the O is left out).
Premieres on July 18
Shiranai Kanojo (My Beloved Stranger)
Directed by Takahiro Miki.
Who's in it?
Jun Fubuki, Kenta Kiritani and Wan Marui.
What's it about?
Riku Kanbayashi and Minami Maezono fell in love with each other in college and got married. Later, Riku became a bestselling novelist thanks to Minami's support, however, Minami's dream of becoming a singer remained unfulfilled. One day, their relationship hits the breaking point after a thoughtless remark from Riku, leading to a huge fight. The next morning, Riku wakes up to find Minami gone. As he goes to his publisher, he realizes that the famous author he thought he was has been reduced to a mere editor at a literary magazine. Meanwhile, the city is buzzing with the presence of a talented singer-songwriter named Minami Maezono-someone Riku has never even met before.
Why watch it?
For the soundtrack.
Saiyaara
Directed by Mohit Suri.
Who's in it?
Aneet Padda and Ahaan Panday.
What's it about?
A young couple's intense relationship spirals through passionate moments and devastating setbacks as they fight to keep their love alive.
Why watch it?
Debut of Pada.
Premieres on July 19
Me Roboco The Movie
Directed by Akitarô Daichi.
Who's in it?
The voices of Shigeru Chiba, Erina Gotô and Sae Hiratsuka.
What's it about?
A time when every household owns cute maid robots known as OrderMaids. Average grade-schooler Bondo dreams of having his very own robot.
Why watch it?
A Japanese manga series written and illustrated by Shuhei Miyazaki. It has been serialised in Shueisha's 'Weekly Shōnen Jump' since July 2020.
Who's in it?
Ayase and Lilas Ikuta.
What's it about?
A concert film for Japanese band Yoasobi's 2024 concert tour "Cho-genjitsu Dome Live". The final date of the show in Tokyo Dome was filmed for this movie.
Why watch it?
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But here are some of the lesser-known Hogan bangers, the kind of kick-ass matches that got fans to return to arenas month after month. Hulk Hogan vs. Andre The Giant, WWF, March 21, 1981 A battle of titans years before their epic WrestleMania 3 match. This is a younger and more agile Andre as a babyface and a heel Hogan in a heavy-hitting, super-duper heavyweight match. Lots of impressive huge power spots between a pair of human kaiju. Andre hits one of the largest vertical suplexes in wrestling history, and Hulk hoists Andre out of the air with a bear hug and bodyslams Andre (years before he became 'the first to do it' at Mania 3). In this match it was Andre who delivered the big babyface comeback, splitting Hogan open and bouncing him around the ring to delight of the crowd. It doesn't reach the transcendent heights of Mania 3, but it is fun to see the work-rate version of such a legendary match. Hulk Hogan vs. Randy Savage, WWF, May 24, 1986 Hogan and Savage are tied together historically because of multiple iconic feuds. This is from their first series against each other at the Boston Garden and was a great example of what made them such special dance partners. It started with Savage building heat by refusing to lock up and bailing every time Hogan tried to get him. This eventually led to Hogan's frustration giving Savage an opening, and Randy hit him with various dives off the ropes, both in the ring and to the floor. When Randy got cooking in the '80s, he would rain down on you like a missile barrage, his athleticism jumped off the page like watching Bo Jackson hit the open field. Hogan had one of his big crowd-pleasing comebacks, hulking up and wagging the finger, but before he could put Savage away, a ref bump allowed Savage to hit a top-rope axehandle to the floor with the title belt, opening up Hogan and allowing Savage to get a count-out win. 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The main story for the quarter was Deckers' international business: International net sales rose 49.7%, offsetting a 2.8% decline in domestic sales. The company expects net sales for the current quarter in the range of $1.38 billion to $1.42 billion, in line with analyst estimates. Earnings are expected to be in the range of $1.50 to $1.55 per share. Read more here. Intel stock rises on Q2 revenue beat, plans to cut 15% of workforce Intel (INTC) second quarter revenue beat analyst estimates, but its earnings fell short of expectations. The chip giant also said it is slashing its workforce by 15% and expects to have approximately 75,000 employees by the end of the year. Intel's new CEO Lip-Bu Tan has already undertaken or is exploring several cost-cutting measures. According to The Oregonian, the company is shuttering its automotive business, outsourcing marketing jobs, and laying off factory workers. Yahoo Finance's Daniel Howley has more details on Intel's results: Read more here. 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'There's an estimate of about $800 million to $1 billion in revenue degradation that has occurred as a result of the macro,' Doxey said. 'The number is large, but it is macro-driven.' He said that Southwest's domestic travel revenue outperformed peers. But the overall domestic segment underperformed international and premium travel, which are the strengths of other airlines like Delta (DAL) and United (UAL). Southwest's second quarter got off to a rocky start as consumer confidence plummeted to a three-year low after President Trump's "Liberation Day" tariff announcement in April. That translated to lower travel demand at the beginning of the peak summer season. However, things are improving, Doxey said. 'Demand fell off quite quickly during that period,' he noted. 'The great news is we're starting to see that stabilize.' Blackstone assets under management surge, COO says dealmaking pause 'is behind us' Blackstone (BX) surprised Wall Street analysts on Thursday when it reported its assets under management surged 13% to a record $1.21 trillion. Profits also rose 72% to $764 million, compared to the second quarter of last year, sending shares nearly 5% higher in early trading. Notably, Blackstone's No. 2 echoed other big banks in the company's earnings call in saying that the dealmaking pause is behind us. Yahoo Finance's David Hollerith reports: Read more here. Alphabet in 'AI (beast) mode': 5 takeaways from Google's earnings call Alphabet (GOOG, GOOGL) shares rose in early trading as investor sentiment grew positive on the stock following its bullish earnings call commentary and strong Q2 results. And my colleague Brian Sozzi jotted down some takeaways from the earnings call that help explain the bullish mood today: Sozzi noted that, in many ways, it's surprising that Alphabet stock is up just 1.5% this morning, as it's trading at only 19.3 times forward earnings on a PE basis (S&P 500 is at 24 times). Several Wall Street analysts agreed. "AI (beast) mode — it's time to close the valuation gap," KeyBanc analyst Justin Patterson said. Wedbush analyst Dan Ives added, "We continue see a favorable risk/reward for Alphabet and think there is a case for multiple expansion in the coming quarters as investors gain more comfort around the current macro environment, regulatory risk, and the impact of generative AI on the business." Read more takeaways from Google's earnings call here. Uptick in coal shipments boosts Union Pacific earnings Union Pacific (UNP) second quarter profits exceeded Wall Street's expectations, driven by operational improvements, higher freight volumes, and improved pricing. The stock fell 2% ahead of the opening bell Thursday. The economic bellwether saw an uptick in coal shipment volumes in the second quarter, as well as in shipments of grain products and industrial chemicals. The improvement in coal shipments stood out after President Trump signed executive orders boosting the industry, which has been a weak spot for railroad operators. Union Pacific confirmed that it is in talks with Norfolk Southern (NSC) on a possible merger that would reshape the US's railroad industry. The magnitude of a combination of the railroad operators would put the deal under close regulatory and antitrust scrutiny. Here's what Union Pacific reported in Q2, per Reuters: Read more here. American Airlines restores 2025 forecast, flags economic worries for keeping it broad American Airlines (AAL) maintained a broad 2025 forecast on Thursday, citing economic uncertainty, with one of the outcomes being a loss to profit. The carrier's shares fell 6% before the bell. The airline is facing challenges in the domestic travel market, where travel spending remains weak due to US tariffs and budget cuts. Reuters reports: Read more here. Honeywell beats on earnings, raises 2025 forecasts on sustained demand for aerospace parts, services Honeywell (HON) stock fell premarket despite reporting an earnings beat and guidance raise. Adjusted earnings per share of $2.75 exceeded Wall Street's estimates of $2.66 per share. Sales hit the top end of the company's guidance at $10.4 billion, compared to estimates of $10.1 billion. Strong demand for aerospace parts and maintenance services lifted Honeywell's results as it prepares to split into three companies. The company's aerospace division, its biggest revenue generator, posted a 10.7% jump in sales to $4.31 billion in the second quarter, as the Boeing (BA) and Airbus ( supplier benefited from rising demand and a shortage of new jets. Honeywell raised its revenue outlook and now expects between $40.8 billion and $41.3 billion for the year, up from the $39.6 billion and $40.5 billion it had previously forecast. It also sees 2025 adjusted profit per share between $10.45 and $10.65, up from its previous forecast of $10.20 to $10.50. Read more here from Reuters. Keurig Dr. Pepper earnings beat estimates as energy drinks shine, but coffee inflation lurks Yahoo Finance's Brian Sozzi reports: Read more here. Tesla stock takes a leg down during earnings call Tesla (TSLA) stock took a firm leg down during the company's quarterly earnings call on Wednesday as the company's CFO warned of "adverse impacts" from the "big bill" President Trump recently signed into law. Notably, the bill takes aim at two key tax credits that Tesla has taken advantage of to scale its company: the electric-vehicle tax credit and the solar tax credit. "The big bill has certain adverse impacts, even for the energy business," Tesla CFO Vaibhav Taneja. "We're doing our best to manage through this," he added. "But we will see shifts in demand and profitability." He said tariff costs increased to around $300 million this quarter. Tesla was down as much as 3.5% after seesawing between green and red right after the release of its earnings report — which you can see more details of by continuing to scroll. Also on the call, CEO Elon Musk predicted Tesla would "have autonomous ride-hailing reach half the population of the US by the end of the year." "That's at least our goal, subject to regulatory approvals," he added. Chart: Chipotle foot traffic declines for second straight quarter Chipotle (CMG) stock tanked 9% following second quarter results and as the earnings call began (listen to the live call here). As the chart below shows, foot traffic fell more than expected, accelerating the slowdown in traffic that began in the first quarter. Yahoo Finance's Brooke DiPalma reports that overall foot traffic fell 4.9% against the 4.4% drop that had been forecast by the Street. Chipotle cut its guidance and said it expects same-store sales to be flat for the full year. On the earnings call, CEO Scott Boatwright highlighted initiatives — in marketing, the value proposition, menu innovation, and a revamped rewards program — aimed at jump-starting sales. But Boatwright acknowledged that the fast-casual chain is facing a slowdown in trends and one of the most challenging consumer backdrops in years. Southwest misses profit expectations as weak domestic demand erodes fares Southwest Airlines (LUV) missed Wall Street estimates for second quarter profit on Wednesday as a sluggish start to the peak summer travel season has translated to weak domestic travel demand and softer fares. Southwest reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG. While Delta Air Lines (DAL) and United Airlines (UAL) were buoyed by more affluent customers, low-cost carriers like Southwest have noted their price-sensitive customers are coming under pressure. Still, airline executives and analysts have signaled that travel demand has remained broadly steady. Read more from Reuters. Wall Street looks to Google's earnings call for details on higher-than-expected capex number Alphabet (GOOG) earnings indicated solid growth across the business, but it was the capital expenditures number that was "a bit concerning," according to Roundhill Investments CEO Dave Mazza. Google said capital expenditures will climb to $85 billion; it previously projected $75 billion. On the earnings call, investors will be looking for answers on where that spending is going. Rohit Kulkarni, senior research analyst at ROTH MKM, also weighed in on the initial Street reaction to Google's earnings. "Fundamentally, I think we're seeing acceleration in revenues in a very large company," Kulkarni said. "Google Search is accelerating. YouTube growth has accelerated. Google Cloud has accelerated, and even subscriptions have accelerated." "Having said that," Kulkarni added, "I think the stock reaction here is a knee-jerk reaction about where are you going to spend those extra $10 billion and what is the ROI that you're seeing from the existing spend? That's a sentiment that probably drives a lot of other megacaps, in my opinion." Google's earnings call is live now. You can listen in here. Mattel stock falls after the toymaker posts steeper sales decline than expected Mattel (MAT) posted a bigger-than-expected drop in second quarter revenue on Wednesday as cautious inventory planning by retailers amid global trade uncertainties weighed on demand, per Reuters. Barbie sales in North America were weak during the quarter, with worldwide gross billings for dolls declining 19%. The infant, toddler, and preschool category, which includes Fisher-Price, Baby Gear, and Power Wheels brands logged a 25% drop. The toymaker, which also sells popular brands such as Hot Wheels, Fisher-Price, and Uno, did reinstate its 2025 sales and profit forecast after pulling it last quarter in the midst of shifting tariff policies. The company now expects 2025 net sales to rise 1% to 3%, compared to its February target of a 2% to 3% increase. It forecast adjusted per-share profit between $1.54 and $1.66, below its prior estimate range of $1.66 to $1.72 apiece. Earlier in the day, rival Hasbro (HAS) raised its annual revenue outlook, betting on the strength of its digital games and cost-cutting efforts to weather the impact of mounting economic and tariff uncertainty. Shares of the company fell 4% in trading after the bell. Chipotle plunges after company reports second-straight sales decline, cuts guidance Chipotle (CMG) on Wednesday reported another quarter of negative sales growth as the company navigates an uncertain consumer environment and new leadership deals with the most challenging backdrop for the chain in years. The company reported a same-store sales decline of 4% in the second quarter, more than the 2.9% decline Wall Street expected. Traffic fell more than expected, down 4.9%, compared to the 4.4% drop lower the Street predicted. That's an acceleration from the 2.3% drop seen in the first quarter, which marked Chipotle's first quarterly foot traffic decline since 2022. Chipotle also cut its guidance again, saying it now expects flat full year same-store sales growth, compared to an increase in the low-single-digit range. Ahead of Wednesday's report, analysts expected same-store sales to grow 0.8% for the fiscal year. Read more here. IBM results beat estimates on AI mainframe refresh, consulting revival Reuters reports: Read more here. T-Mobile dials up a big earnings beat, stock jumps T-Mobile (TMUS) dialed up a big second quarter against the backdrop of heightened competition for new customers with rivals Verizon (VZ) and AT&T (T). The telecom giant easily beat analyst estimates on Wednesday after market close. It gained the most net new customers in the second quarter compared to its competitors. This comes as it leaned into its value messaging by releasing a five-year price lock on phone plans in April. The company lifted its full-year adjusted operating profit guidance. Read more here. ServiceNow jumps after big earnings beat ServiceNow (NOW) stock surged after its results beat expectations. Yahoo Finance's Brian Sozzi has the full report, including comments from its CEO: Read more here. Tesla misses on Q2 earnings, but says 'more affordable' model planned for 2025 production Tesla (TSLA) stock initially spiked 1% after reporting second quarter results but fluctuated as investors digested the earnings miss. Here's a look at the top takeaways investors were watching in Tesla's results: The core auto business: Tesla reported second quarter revenue of $22.50 billion vs. $22.64 billion (per Bloomberg consensus), a 9% drop compared with the $25.05 billion reported a year ago. Tesla posted adjusted earnings per share of $0.40 vs $0.42, with operating income coming in at $923 million vs. $1.23 billion expected. The cheap EV: Tesla said its "more affordable" model was still slated for 2025 production. "We continue to expand our vehicle offering, including first builds of a more affordable model in June, with volume production planned for the second half of 2025," the company said in a statement. A year ago, Tesla said in its Q2 earnings report that production remains on track for new vehicles, likely including a cheaper EV, in the first half of next year. There has been no indication or even renderings of a new vehicle, let alone production of a vehicle priced around $30,000. Tesla's cheapest EV is the rear-wheel-drive Model 3 sedan, which starts at around $43,000 without incentives. Robotaxi rollout Tesla said its purpose-built robotaxi was still scheduled for volume release production starting in 2026. Tesla has expanded its robotaxi testing in Austin, Texas, with a bigger operating area and likely more vehicles coming. Read more here. Deckers stock soars after Hoka, Ugg sales surge Hoka sneakers and Ugg brand shoes boosted Deckers (DECK) sales and profits last quarter, sending shares up more than 14% after hours. On Thursday, Deckers reported net sales grew 17% to $964.5 million, above estimates of $901.4 million, per Bloomberg data. Profits surged 24%, with diluted earnings per share coming in at $0.93. "HOKA and UGG outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026," CEO Stefano Caroti said in a press release. "Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant. We will lean on the fundamental strengths of our powerful operating model as we continue executing our strategy." The main story for the quarter was Deckers' international business: International net sales rose 49.7%, offsetting a 2.8% decline in domestic sales. The company expects net sales for the current quarter in the range of $1.38 billion to $1.42 billion, in line with analyst estimates. Earnings are expected to be in the range of $1.50 to $1.55 per share. Read more here. Hoka sneakers and Ugg brand shoes boosted Deckers (DECK) sales and profits last quarter, sending shares up more than 14% after hours. On Thursday, Deckers reported net sales grew 17% to $964.5 million, above estimates of $901.4 million, per Bloomberg data. Profits surged 24%, with diluted earnings per share coming in at $0.93. "HOKA and UGG outperformed our first quarter expectations, with robust growth delivering solid results to begin fiscal year 2026," CEO Stefano Caroti said in a press release. "Though uncertainty remains elevated in the global trade environment, our confidence in our brands has not changed, and the long-term opportunities ahead are significant. We will lean on the fundamental strengths of our powerful operating model as we continue executing our strategy." The main story for the quarter was Deckers' international business: International net sales rose 49.7%, offsetting a 2.8% decline in domestic sales. The company expects net sales for the current quarter in the range of $1.38 billion to $1.42 billion, in line with analyst estimates. Earnings are expected to be in the range of $1.50 to $1.55 per share. Read more here. Intel stock rises on Q2 revenue beat, plans to cut 15% of workforce Intel (INTC) second quarter revenue beat analyst estimates, but its earnings fell short of expectations. The chip giant also said it is slashing its workforce by 15% and expects to have approximately 75,000 employees by the end of the year. Intel's new CEO Lip-Bu Tan has already undertaken or is exploring several cost-cutting measures. According to The Oregonian, the company is shuttering its automotive business, outsourcing marketing jobs, and laying off factory workers. Yahoo Finance's Daniel Howley has more details on Intel's results: Read more here. Intel (INTC) second quarter revenue beat analyst estimates, but its earnings fell short of expectations. The chip giant also said it is slashing its workforce by 15% and expects to have approximately 75,000 employees by the end of the year. Intel's new CEO Lip-Bu Tan has already undertaken or is exploring several cost-cutting measures. According to The Oregonian, the company is shuttering its automotive business, outsourcing marketing jobs, and laying off factory workers. Yahoo Finance's Daniel Howley has more details on Intel's results: Read more here. Intel to report Q2 earnings as Wall Street looks for signs of turnaround Intel (INTC) will report its second quarter earnings on Thursday as the company's new CEO, Lip-Bu Tan, continues his attempt to turn around the ailing chip giant. Yahoo Finance's Dan Howley details what to expect when Intel reports: Read more here. Intel (INTC) will report its second quarter earnings on Thursday as the company's new CEO, Lip-Bu Tan, continues his attempt to turn around the ailing chip giant. Yahoo Finance's Dan Howley details what to expect when Intel reports: Read more here. Southwest CFO says decision to lower guidance by $1 billion was 'macro-driven' Southwest (LUV) stock tanked on Thursday after the airline's earnings results missed estimates. Shares fell over 12% as the earnings call with investors began. (You can listen to the full call here.) Earlier on Thursday, Southwest CFO Tom Doxey told Yahoo Finance that the company's disappointing results were primarily caused by broader economic challenges, tariff uncertainty, and weaker consumer sentiment. Doxey confirmed that Southwest lowered its full-year pre-tax profit (EBIT) guidance to $600 million-$800 million from the $1.7 billion forecast previously. 'There's an estimate of about $800 million to $1 billion in revenue degradation that has occurred as a result of the macro,' Doxey said. 'The number is large, but it is macro-driven.' He said that Southwest's domestic travel revenue outperformed peers. But the overall domestic segment underperformed international and premium travel, which are the strengths of other airlines like Delta (DAL) and United (UAL). Southwest's second quarter got off to a rocky start as consumer confidence plummeted to a three-year low after President Trump's "Liberation Day" tariff announcement in April. That translated to lower travel demand at the beginning of the peak summer season. However, things are improving, Doxey said. 'Demand fell off quite quickly during that period,' he noted. 'The great news is we're starting to see that stabilize.' Southwest (LUV) stock tanked on Thursday after the airline's earnings results missed estimates. Shares fell over 12% as the earnings call with investors began. (You can listen to the full call here.) Earlier on Thursday, Southwest CFO Tom Doxey told Yahoo Finance that the company's disappointing results were primarily caused by broader economic challenges, tariff uncertainty, and weaker consumer sentiment. Doxey confirmed that Southwest lowered its full-year pre-tax profit (EBIT) guidance to $600 million-$800 million from the $1.7 billion forecast previously. 'There's an estimate of about $800 million to $1 billion in revenue degradation that has occurred as a result of the macro,' Doxey said. 'The number is large, but it is macro-driven.' He said that Southwest's domestic travel revenue outperformed peers. But the overall domestic segment underperformed international and premium travel, which are the strengths of other airlines like Delta (DAL) and United (UAL). Southwest's second quarter got off to a rocky start as consumer confidence plummeted to a three-year low after President Trump's "Liberation Day" tariff announcement in April. That translated to lower travel demand at the beginning of the peak summer season. However, things are improving, Doxey said. 'Demand fell off quite quickly during that period,' he noted. 'The great news is we're starting to see that stabilize.' Blackstone assets under management surge, COO says dealmaking pause 'is behind us' Blackstone (BX) surprised Wall Street analysts on Thursday when it reported its assets under management surged 13% to a record $1.21 trillion. Profits also rose 72% to $764 million, compared to the second quarter of last year, sending shares nearly 5% higher in early trading. Notably, Blackstone's No. 2 echoed other big banks in the company's earnings call in saying that the dealmaking pause is behind us. Yahoo Finance's David Hollerith reports: Read more here. Blackstone (BX) surprised Wall Street analysts on Thursday when it reported its assets under management surged 13% to a record $1.21 trillion. Profits also rose 72% to $764 million, compared to the second quarter of last year, sending shares nearly 5% higher in early trading. Notably, Blackstone's No. 2 echoed other big banks in the company's earnings call in saying that the dealmaking pause is behind us. Yahoo Finance's David Hollerith reports: Read more here. Alphabet in 'AI (beast) mode': 5 takeaways from Google's earnings call Alphabet (GOOG, GOOGL) shares rose in early trading as investor sentiment grew positive on the stock following its bullish earnings call commentary and strong Q2 results. And my colleague Brian Sozzi jotted down some takeaways from the earnings call that help explain the bullish mood today: Sozzi noted that, in many ways, it's surprising that Alphabet stock is up just 1.5% this morning, as it's trading at only 19.3 times forward earnings on a PE basis (S&P 500 is at 24 times). Several Wall Street analysts agreed. "AI (beast) mode — it's time to close the valuation gap," KeyBanc analyst Justin Patterson said. Wedbush analyst Dan Ives added, "We continue see a favorable risk/reward for Alphabet and think there is a case for multiple expansion in the coming quarters as investors gain more comfort around the current macro environment, regulatory risk, and the impact of generative AI on the business." Read more takeaways from Google's earnings call here. Alphabet (GOOG, GOOGL) shares rose in early trading as investor sentiment grew positive on the stock following its bullish earnings call commentary and strong Q2 results. And my colleague Brian Sozzi jotted down some takeaways from the earnings call that help explain the bullish mood today: Sozzi noted that, in many ways, it's surprising that Alphabet stock is up just 1.5% this morning, as it's trading at only 19.3 times forward earnings on a PE basis (S&P 500 is at 24 times). Several Wall Street analysts agreed. "AI (beast) mode — it's time to close the valuation gap," KeyBanc analyst Justin Patterson said. Wedbush analyst Dan Ives added, "We continue see a favorable risk/reward for Alphabet and think there is a case for multiple expansion in the coming quarters as investors gain more comfort around the current macro environment, regulatory risk, and the impact of generative AI on the business." Read more takeaways from Google's earnings call here. Uptick in coal shipments boosts Union Pacific earnings Union Pacific (UNP) second quarter profits exceeded Wall Street's expectations, driven by operational improvements, higher freight volumes, and improved pricing. The stock fell 2% ahead of the opening bell Thursday. The economic bellwether saw an uptick in coal shipment volumes in the second quarter, as well as in shipments of grain products and industrial chemicals. The improvement in coal shipments stood out after President Trump signed executive orders boosting the industry, which has been a weak spot for railroad operators. Union Pacific confirmed that it is in talks with Norfolk Southern (NSC) on a possible merger that would reshape the US's railroad industry. The magnitude of a combination of the railroad operators would put the deal under close regulatory and antitrust scrutiny. Here's what Union Pacific reported in Q2, per Reuters: Read more here. Union Pacific (UNP) second quarter profits exceeded Wall Street's expectations, driven by operational improvements, higher freight volumes, and improved pricing. The stock fell 2% ahead of the opening bell Thursday. The economic bellwether saw an uptick in coal shipment volumes in the second quarter, as well as in shipments of grain products and industrial chemicals. The improvement in coal shipments stood out after President Trump signed executive orders boosting the industry, which has been a weak spot for railroad operators. Union Pacific confirmed that it is in talks with Norfolk Southern (NSC) on a possible merger that would reshape the US's railroad industry. The magnitude of a combination of the railroad operators would put the deal under close regulatory and antitrust scrutiny. Here's what Union Pacific reported in Q2, per Reuters: Read more here. American Airlines restores 2025 forecast, flags economic worries for keeping it broad American Airlines (AAL) maintained a broad 2025 forecast on Thursday, citing economic uncertainty, with one of the outcomes being a loss to profit. The carrier's shares fell 6% before the bell. The airline is facing challenges in the domestic travel market, where travel spending remains weak due to US tariffs and budget cuts. Reuters reports: Read more here. American Airlines (AAL) maintained a broad 2025 forecast on Thursday, citing economic uncertainty, with one of the outcomes being a loss to profit. The carrier's shares fell 6% before the bell. The airline is facing challenges in the domestic travel market, where travel spending remains weak due to US tariffs and budget cuts. Reuters reports: Read more here. Honeywell beats on earnings, raises 2025 forecasts on sustained demand for aerospace parts, services Honeywell (HON) stock fell premarket despite reporting an earnings beat and guidance raise. Adjusted earnings per share of $2.75 exceeded Wall Street's estimates of $2.66 per share. Sales hit the top end of the company's guidance at $10.4 billion, compared to estimates of $10.1 billion. Strong demand for aerospace parts and maintenance services lifted Honeywell's results as it prepares to split into three companies. The company's aerospace division, its biggest revenue generator, posted a 10.7% jump in sales to $4.31 billion in the second quarter, as the Boeing (BA) and Airbus ( supplier benefited from rising demand and a shortage of new jets. Honeywell raised its revenue outlook and now expects between $40.8 billion and $41.3 billion for the year, up from the $39.6 billion and $40.5 billion it had previously forecast. It also sees 2025 adjusted profit per share between $10.45 and $10.65, up from its previous forecast of $10.20 to $10.50. Read more here from Reuters. Honeywell (HON) stock fell premarket despite reporting an earnings beat and guidance raise. Adjusted earnings per share of $2.75 exceeded Wall Street's estimates of $2.66 per share. Sales hit the top end of the company's guidance at $10.4 billion, compared to estimates of $10.1 billion. Strong demand for aerospace parts and maintenance services lifted Honeywell's results as it prepares to split into three companies. The company's aerospace division, its biggest revenue generator, posted a 10.7% jump in sales to $4.31 billion in the second quarter, as the Boeing (BA) and Airbus ( supplier benefited from rising demand and a shortage of new jets. Honeywell raised its revenue outlook and now expects between $40.8 billion and $41.3 billion for the year, up from the $39.6 billion and $40.5 billion it had previously forecast. It also sees 2025 adjusted profit per share between $10.45 and $10.65, up from its previous forecast of $10.20 to $10.50. Read more here from Reuters. Keurig Dr. Pepper earnings beat estimates as energy drinks shine, but coffee inflation lurks Yahoo Finance's Brian Sozzi reports: Read more here. Yahoo Finance's Brian Sozzi reports: Read more here. Tesla stock takes a leg down during earnings call Tesla (TSLA) stock took a firm leg down during the company's quarterly earnings call on Wednesday as the company's CFO warned of "adverse impacts" from the "big bill" President Trump recently signed into law. Notably, the bill takes aim at two key tax credits that Tesla has taken advantage of to scale its company: the electric-vehicle tax credit and the solar tax credit. "The big bill has certain adverse impacts, even for the energy business," Tesla CFO Vaibhav Taneja. "We're doing our best to manage through this," he added. "But we will see shifts in demand and profitability." He said tariff costs increased to around $300 million this quarter. Tesla was down as much as 3.5% after seesawing between green and red right after the release of its earnings report — which you can see more details of by continuing to scroll. Also on the call, CEO Elon Musk predicted Tesla would "have autonomous ride-hailing reach half the population of the US by the end of the year." "That's at least our goal, subject to regulatory approvals," he added. Tesla (TSLA) stock took a firm leg down during the company's quarterly earnings call on Wednesday as the company's CFO warned of "adverse impacts" from the "big bill" President Trump recently signed into law. Notably, the bill takes aim at two key tax credits that Tesla has taken advantage of to scale its company: the electric-vehicle tax credit and the solar tax credit. "The big bill has certain adverse impacts, even for the energy business," Tesla CFO Vaibhav Taneja. "We're doing our best to manage through this," he added. "But we will see shifts in demand and profitability." He said tariff costs increased to around $300 million this quarter. Tesla was down as much as 3.5% after seesawing between green and red right after the release of its earnings report — which you can see more details of by continuing to scroll. Also on the call, CEO Elon Musk predicted Tesla would "have autonomous ride-hailing reach half the population of the US by the end of the year." "That's at least our goal, subject to regulatory approvals," he added. Chart: Chipotle foot traffic declines for second straight quarter Chipotle (CMG) stock tanked 9% following second quarter results and as the earnings call began (listen to the live call here). As the chart below shows, foot traffic fell more than expected, accelerating the slowdown in traffic that began in the first quarter. Yahoo Finance's Brooke DiPalma reports that overall foot traffic fell 4.9% against the 4.4% drop that had been forecast by the Street. Chipotle cut its guidance and said it expects same-store sales to be flat for the full year. On the earnings call, CEO Scott Boatwright highlighted initiatives — in marketing, the value proposition, menu innovation, and a revamped rewards program — aimed at jump-starting sales. But Boatwright acknowledged that the fast-casual chain is facing a slowdown in trends and one of the most challenging consumer backdrops in years. Chipotle (CMG) stock tanked 9% following second quarter results and as the earnings call began (listen to the live call here). As the chart below shows, foot traffic fell more than expected, accelerating the slowdown in traffic that began in the first quarter. Yahoo Finance's Brooke DiPalma reports that overall foot traffic fell 4.9% against the 4.4% drop that had been forecast by the Street. Chipotle cut its guidance and said it expects same-store sales to be flat for the full year. On the earnings call, CEO Scott Boatwright highlighted initiatives — in marketing, the value proposition, menu innovation, and a revamped rewards program — aimed at jump-starting sales. But Boatwright acknowledged that the fast-casual chain is facing a slowdown in trends and one of the most challenging consumer backdrops in years. Southwest misses profit expectations as weak domestic demand erodes fares Southwest Airlines (LUV) missed Wall Street estimates for second quarter profit on Wednesday as a sluggish start to the peak summer travel season has translated to weak domestic travel demand and softer fares. Southwest reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG. While Delta Air Lines (DAL) and United Airlines (UAL) were buoyed by more affluent customers, low-cost carriers like Southwest have noted their price-sensitive customers are coming under pressure. Still, airline executives and analysts have signaled that travel demand has remained broadly steady. Read more from Reuters. Southwest Airlines (LUV) missed Wall Street estimates for second quarter profit on Wednesday as a sluggish start to the peak summer travel season has translated to weak domestic travel demand and softer fares. Southwest reported operating revenue of $7.24 billion in the quarter through June, compared with $7.35 billion a year earlier. The budget carrier reported an adjusted profit per share of $0.43, compared with analysts' average expectations of $0.51, according to data compiled by LSEG. While Delta Air Lines (DAL) and United Airlines (UAL) were buoyed by more affluent customers, low-cost carriers like Southwest have noted their price-sensitive customers are coming under pressure. Still, airline executives and analysts have signaled that travel demand has remained broadly steady. Read more from Reuters. Wall Street looks to Google's earnings call for details on higher-than-expected capex number Alphabet (GOOG) earnings indicated solid growth across the business, but it was the capital expenditures number that was "a bit concerning," according to Roundhill Investments CEO Dave Mazza. Google said capital expenditures will climb to $85 billion; it previously projected $75 billion. On the earnings call, investors will be looking for answers on where that spending is going. Rohit Kulkarni, senior research analyst at ROTH MKM, also weighed in on the initial Street reaction to Google's earnings. "Fundamentally, I think we're seeing acceleration in revenues in a very large company," Kulkarni said. "Google Search is accelerating. YouTube growth has accelerated. Google Cloud has accelerated, and even subscriptions have accelerated." "Having said that," Kulkarni added, "I think the stock reaction here is a knee-jerk reaction about where are you going to spend those extra $10 billion and what is the ROI that you're seeing from the existing spend? That's a sentiment that probably drives a lot of other megacaps, in my opinion." Google's earnings call is live now. You can listen in here. Alphabet (GOOG) earnings indicated solid growth across the business, but it was the capital expenditures number that was "a bit concerning," according to Roundhill Investments CEO Dave Mazza. Google said capital expenditures will climb to $85 billion; it previously projected $75 billion. On the earnings call, investors will be looking for answers on where that spending is going. Rohit Kulkarni, senior research analyst at ROTH MKM, also weighed in on the initial Street reaction to Google's earnings. "Fundamentally, I think we're seeing acceleration in revenues in a very large company," Kulkarni said. "Google Search is accelerating. YouTube growth has accelerated. Google Cloud has accelerated, and even subscriptions have accelerated." "Having said that," Kulkarni added, "I think the stock reaction here is a knee-jerk reaction about where are you going to spend those extra $10 billion and what is the ROI that you're seeing from the existing spend? That's a sentiment that probably drives a lot of other megacaps, in my opinion." Google's earnings call is live now. You can listen in here. Mattel stock falls after the toymaker posts steeper sales decline than expected Mattel (MAT) posted a bigger-than-expected drop in second quarter revenue on Wednesday as cautious inventory planning by retailers amid global trade uncertainties weighed on demand, per Reuters. Barbie sales in North America were weak during the quarter, with worldwide gross billings for dolls declining 19%. The infant, toddler, and preschool category, which includes Fisher-Price, Baby Gear, and Power Wheels brands logged a 25% drop. The toymaker, which also sells popular brands such as Hot Wheels, Fisher-Price, and Uno, did reinstate its 2025 sales and profit forecast after pulling it last quarter in the midst of shifting tariff policies. The company now expects 2025 net sales to rise 1% to 3%, compared to its February target of a 2% to 3% increase. It forecast adjusted per-share profit between $1.54 and $1.66, below its prior estimate range of $1.66 to $1.72 apiece. Earlier in the day, rival Hasbro (HAS) raised its annual revenue outlook, betting on the strength of its digital games and cost-cutting efforts to weather the impact of mounting economic and tariff uncertainty. Shares of the company fell 4% in trading after the bell. Mattel (MAT) posted a bigger-than-expected drop in second quarter revenue on Wednesday as cautious inventory planning by retailers amid global trade uncertainties weighed on demand, per Reuters. Barbie sales in North America were weak during the quarter, with worldwide gross billings for dolls declining 19%. The infant, toddler, and preschool category, which includes Fisher-Price, Baby Gear, and Power Wheels brands logged a 25% drop. The toymaker, which also sells popular brands such as Hot Wheels, Fisher-Price, and Uno, did reinstate its 2025 sales and profit forecast after pulling it last quarter in the midst of shifting tariff policies. The company now expects 2025 net sales to rise 1% to 3%, compared to its February target of a 2% to 3% increase. It forecast adjusted per-share profit between $1.54 and $1.66, below its prior estimate range of $1.66 to $1.72 apiece. Earlier in the day, rival Hasbro (HAS) raised its annual revenue outlook, betting on the strength of its digital games and cost-cutting efforts to weather the impact of mounting economic and tariff uncertainty. Shares of the company fell 4% in trading after the bell. Chipotle plunges after company reports second-straight sales decline, cuts guidance Chipotle (CMG) on Wednesday reported another quarter of negative sales growth as the company navigates an uncertain consumer environment and new leadership deals with the most challenging backdrop for the chain in years. The company reported a same-store sales decline of 4% in the second quarter, more than the 2.9% decline Wall Street expected. Traffic fell more than expected, down 4.9%, compared to the 4.4% drop lower the Street predicted. That's an acceleration from the 2.3% drop seen in the first quarter, which marked Chipotle's first quarterly foot traffic decline since 2022. Chipotle also cut its guidance again, saying it now expects flat full year same-store sales growth, compared to an increase in the low-single-digit range. Ahead of Wednesday's report, analysts expected same-store sales to grow 0.8% for the fiscal year. Read more here. Chipotle (CMG) on Wednesday reported another quarter of negative sales growth as the company navigates an uncertain consumer environment and new leadership deals with the most challenging backdrop for the chain in years. The company reported a same-store sales decline of 4% in the second quarter, more than the 2.9% decline Wall Street expected. Traffic fell more than expected, down 4.9%, compared to the 4.4% drop lower the Street predicted. That's an acceleration from the 2.3% drop seen in the first quarter, which marked Chipotle's first quarterly foot traffic decline since 2022. Chipotle also cut its guidance again, saying it now expects flat full year same-store sales growth, compared to an increase in the low-single-digit range. Ahead of Wednesday's report, analysts expected same-store sales to grow 0.8% for the fiscal year. Read more here. IBM results beat estimates on AI mainframe refresh, consulting revival Reuters reports: Read more here. Reuters reports: Read more here. T-Mobile dials up a big earnings beat, stock jumps T-Mobile (TMUS) dialed up a big second quarter against the backdrop of heightened competition for new customers with rivals Verizon (VZ) and AT&T (T). The telecom giant easily beat analyst estimates on Wednesday after market close. It gained the most net new customers in the second quarter compared to its competitors. This comes as it leaned into its value messaging by releasing a five-year price lock on phone plans in April. The company lifted its full-year adjusted operating profit guidance. Read more here. T-Mobile (TMUS) dialed up a big second quarter against the backdrop of heightened competition for new customers with rivals Verizon (VZ) and AT&T (T). The telecom giant easily beat analyst estimates on Wednesday after market close. It gained the most net new customers in the second quarter compared to its competitors. This comes as it leaned into its value messaging by releasing a five-year price lock on phone plans in April. The company lifted its full-year adjusted operating profit guidance. Read more here. ServiceNow jumps after big earnings beat ServiceNow (NOW) stock surged after its results beat expectations. Yahoo Finance's Brian Sozzi has the full report, including comments from its CEO: Read more here. ServiceNow (NOW) stock surged after its results beat expectations. Yahoo Finance's Brian Sozzi has the full report, including comments from its CEO: Read more here. Tesla misses on Q2 earnings, but says 'more affordable' model planned for 2025 production Tesla (TSLA) stock initially spiked 1% after reporting second quarter results but fluctuated as investors digested the earnings miss. Here's a look at the top takeaways investors were watching in Tesla's results: The core auto business: Tesla reported second quarter revenue of $22.50 billion vs. $22.64 billion (per Bloomberg consensus), a 9% drop compared with the $25.05 billion reported a year ago. Tesla posted adjusted earnings per share of $0.40 vs $0.42, with operating income coming in at $923 million vs. $1.23 billion expected. The cheap EV: Tesla said its "more affordable" model was still slated for 2025 production. "We continue to expand our vehicle offering, including first builds of a more affordable model in June, with volume production planned for the second half of 2025," the company said in a statement. A year ago, Tesla said in its Q2 earnings report that production remains on track for new vehicles, likely including a cheaper EV, in the first half of next year. There has been no indication or even renderings of a new vehicle, let alone production of a vehicle priced around $30,000. Tesla's cheapest EV is the rear-wheel-drive Model 3 sedan, which starts at around $43,000 without incentives. Robotaxi rollout Tesla said its purpose-built robotaxi was still scheduled for volume release production starting in 2026. Tesla has expanded its robotaxi testing in Austin, Texas, with a bigger operating area and likely more vehicles coming. Read more here. Tesla (TSLA) stock initially spiked 1% after reporting second quarter results but fluctuated as investors digested the earnings miss. Here's a look at the top takeaways investors were watching in Tesla's results: The core auto business: Tesla reported second quarter revenue of $22.50 billion vs. $22.64 billion (per Bloomberg consensus), a 9% drop compared with the $25.05 billion reported a year ago. Tesla posted adjusted earnings per share of $0.40 vs $0.42, with operating income coming in at $923 million vs. $1.23 billion expected. The cheap EV: Tesla said its "more affordable" model was still slated for 2025 production. "We continue to expand our vehicle offering, including first builds of a more affordable model in June, with volume production planned for the second half of 2025," the company said in a statement. A year ago, Tesla said in its Q2 earnings report that production remains on track for new vehicles, likely including a cheaper EV, in the first half of next year. There has been no indication or even renderings of a new vehicle, let alone production of a vehicle priced around $30,000. Tesla's cheapest EV is the rear-wheel-drive Model 3 sedan, which starts at around $43,000 without incentives. Robotaxi rollout Tesla said its purpose-built robotaxi was still scheduled for volume release production starting in 2026. Tesla has expanded its robotaxi testing in Austin, Texas, with a bigger operating area and likely more vehicles coming. Read more here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
