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Yahoo
29-07-2025
- Business
- Yahoo
Market sluggishness, dollar & yields, oil: Market takeaways
After Tuesday's closing bell, Yahoo Finance Markets and Data Editor and Stocks in Translation host Jared Blikre shares three takeaways from the trading session: summertime slowness, divergence between the US dollar (DX=F) and Treasury yields (^TNX, ^TYX, ^FVX), and oil prices (CL=F) rising. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. The S&P 500 snaps a six-day record streak as earnings flood in, the Fed decision looms. Here with more on the trading day takeaways, we got Yahoo Finances very own, Jared Blikre. Jared. Hey Josh, we were talking with Amy Silverman before and she called it out, the summer doldrums and I'm going to stick with that because even though we saw a little bit of a loss today in the S&P 500, it was a whopping one-third of one, not even one-third of 1%, and if I show you a two-month chart, it's going to be a whole lot of nothing here. We have not seen a 1% move the entire month of July. If we look to the downside, we had a 1% move way back in the middle of June. So really not a lot has happened each day in the indices. You have to go under the hood to find the action and we have found that from time to time, but I've also been looking at some of the other things uh that we look at when we talk about volatility and that is the VIX itself. The VIX was up almost one point today, but that was the most in weeks. So even the VIX has been quiet lately and at not even 16, that is historically low. So that's nothing to be concerned about or write home about. And we can also see this playing out in the MAG 7. The MAG 7 index hasn't moved 1% in a few weeks. And then finally, crypto, even crypto is quieted down, not to the same degree, it's still more volatile than the others, but here's a Bitcoin down 7/10 of 1% today. I'll just show you over the last five days, it's been moving less than 1% these last few days and so that even that's unusual for a Bitcoin. So the bottom line is we do have some other things like the calendars about to heat up tomorrow. No joke there and we can get into that later. But for today, yesterday and for most of the month, it's been kind of summer doldrums. Summer doldrums broadly subdued. But what were the what were the market moves you were watching today? Two things, rates in the dollar and they were diverging. So we had rates dropping pretty strongly to the downside, both the 10-year yield, both and the 30-year yield, those dropped by about nine basis points and part of the catalyst has been these surprisingly good uh treasury auctions. So we had a seven-year auction today. Here's a 10-year, we had the seven-year auction, but here's a 10-year down nine basis points to the downside and we can see it went down in a few different strokes. Here's the intraday and there we go. 1:00 p.m. was the auction time, but we also had some other auctions over the last two days, the two-year and the five-year. And then we have the three, 10 and 30-year, those are the big ones next week. But surprisingly high demand on the seven-year. This led to a re uh a lower a much lower rate and then meanwhile, and here's the divergence I'm talking about, up in the US dollar index and I find this to be good. You want to see this divergence when the dollar is moving to the upside. If it had happened the other way around, if the dollar had been going down, but rates had been going up, which meant people were selling bonds, that would be more like around liberation day and that would give me some cause for concern. This is not concerning to me, uh just a little bit of an anomaly there and we'll have to see what happens tomorrow, but again, those big auctions that we were going to be watching for are next week. Does that demand continue? There was record low primary dealer uptake on those auctions today. They're supposed to fill in the void, they didn't have to do that, so that's good news for America, I guess. What about commodities, my friend? All right, let's check that out too because we did see a spike in crude oil today and this was despite that stronger, slightly stronger dollar. Now the news was actually pretty big. This was a surprise announcement from Trump that Russia only has 10 days to negotiate a final ceasefire with Ukraine and we saw this play out in crude oil. I think it moved, yes, seven and a half percent. This is crude oil volatility. Let me get to crude oil itself. There we go. This is about 4% to the upside. Here is the announcement time and yes, that is a pretty dramatic uh move for crude oil. If I show you the year to date, you're going to see this was the biggest spike. Here was the Israeli strike on Iran that we saw. So not nearly that big, but again, notable and uh anytime crude oil moves big, you want to take notice, but since this is in the classification, what I would call a geopolitical shock and not even as big as this and this was immediately given back. Those gains were given back pretty close uh to the time at which they were forged. Um I'm not too worried about this either, but something to look, you know, into the future. Quickly, what what is on the Jared Blikre radar? Oh well, tomorrow we got Fed day. We got some MAG 7. We got four MAG 7 reports into and these are earnings reports into uh what is it? Thursday, culminating with Apple at 4:30 on Thursday. Um we got those big treasury auctions next week. So I think there's a lot to really Oh, and the Fed meeting. Did I say the Fed meeting? Anyway, we got a big Fed meeting tomorrow. So plenty of stuff to cover your calendar and to move the markets. Maybe we'll see a 1% day in the S&P. We shall see. Thank you, buddy. Related Videos Visa, Booking, Mondelez all beat on earnings: After-hours movers Freshworks CEO talks Q2 earnings, AI, and taking on the software giants eToro launches 24/5 trading. What will take to get to 24/7? Lucid teams up with Timothée Chalamet 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
Yahoo
29-07-2025
- Business
- Yahoo
Visa, Booking, Mondelez all beat on earnings: After-hours movers
Asking for a Trend host Josh Lipton takes a look at some after-hours trending tickers. Visa (V) is in focus after the company beat third quarter earnings and revenue estimates. Visa reported double-digit gains in cross-border purchases, noting that consumer spending remains strong. Booking Holdings (BKNG) stock is under pressure in extended trading despite reporting second quarter results that beat Wall Street estimates. Mondelez (MDLZ) stock is dipping, though the company reported better-than-expected second quarter results. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Visa reporting a beat on revenue and earnings for the third quarter. Company also reporting double digit gains and cross-border purchases and process transactions. Visa highlighting consumer spending remains resilient with continued strength and discretionary and non-discretionary growth in the US. And turning to booking holdings, those shares falling after hours despite a solid earnings report, company reporting second quarter revenue of 6.8 billion that beat Wall Street's estimates, as did adjusted earnings, that came in at 55.40 per share. Booking holding CEO saying in the earnings release that quote, we are pleased to report a strong second quarter with double-digit increase in gross bookings and revenue. And Mondelez reporting better than expected earnings estimates for the second quarter. And looking ahead, the company maintains its full-year outlook on organic net revenue growth, while adjusted earnings per share expected to decline approximately 10%, the outlook reflects in part the geopolitical trade and regulatory uncertainty. Related Videos Market sluggishness, dollar & yields, oil: Market takeaways Freshworks CEO talks Q2 earnings, AI, and taking on the software giants eToro launches 24/5 trading. What will take to get to 24/7? Lucid teams up with Timothée Chalamet Sign in to access your portfolio
Yahoo
29-07-2025
- Business
- Yahoo
Freshworks CEO talks Q2 earnings, AI, and taking on the software giants
Freshworks (FRSH) stock is in focus after the business software company reported better-than-expected second quarter results. CEO Dennis Woodside joins Asking for a Trend to discuss the earnings print, competing with software giants like ServiceNow (NOW) and Salesforce (CRM), and how the company provides enterprise customers with AI solutions. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Enterprise software company Freshworks reporting second quarter earnings just moments ago and here to help us break down the report. We got Freshworks CEO Dennis Woodside. Dennis, great to see you to have you on the show. So you just report results, Dennis. The stock, it's popping about 2% here in the after hours. Walk us through the results, Dennis. What what are you seeing in the business? Yeah, so Q2 was an outstanding quarter for us. And really the big story for us was AI. We exceeded our expectations on growth and profitability, grew revenue 18% year of a year, cash flow 29%. So really good quarter for us. I was talking to an analyst today, Dennis, who covers your company. He was saying, you know what I want to know? I want to know how does Dennis kind of sustain momentum in that division, the EX division where he finds himself competing with the likes of of a service now. What's your answer to that? Well, we've been competing with Service Now, Atlassian, uh, Salesforce for years. We're continuing to win business from them. Customers are looking for software that's enterprise grade, AI enabled, scalable, and, uh, doesn't cost as much, lower total cost of ownership, easier to manage. That's what we we offer. Where we're seeing real momentum, though, is in AI. Uh, we have two AI products that we're monetizing. We exceeded $20 million in recurring revenue for those products in the quarter. That's more than doubled year over year. We have 5,000 paying customers for those products. So AI really is the motivator for a lot of sales discussions against those bigger players. Speaking of AI, Dennis, help me think through this. Is it the other division for you all, the CX division? I know there are some questions folks have about whether how potentially disruptive AI could be there. Help me understand that, walk me through it. Well, we're seeing, uh, customers on the C, the customer support side of the business using AI to be more efficient in their operations. A good example there is Honda Motors in Europe. They do business in over 30 countries. They can't have a support team that speaks every language. It can't be 24/7. You have to use AI to to manage their interactions with their distributors and their dealers. And they've come to us, they're using our AI to power those interactions. So we view AI on the CX side as a tailwind. Our our AI revenue is roughly equally distributed between EX and CX today. You mentioned some big names you compete with, you know, including service now, Dennis. Are you taking share? So every quarter we're winning business from the likes of Service Now and Atlassian and these bigger players. You know, we have big companies that have come to us, uh, like Seagate, uh, universities. We have over a thousand universities, over a thousand public entities in the US alone. So we continue to take share because customers are looking for a product in particular in that mid-market. Think of a company like New Balance. It has about 5,000 employees. It needs a flexible enterprise grade solution for their IT department, uh, but they don't want the complexity that comes with some of those older legacy solutions, and that's why we're winning. I have to ask, Dennis, the stock is in the green here in the after hours, but heading into the report, it is down about 15%, uh, year to date. Do you think, Dennis, there are there are parts of your story that are underappreciated by investors, by the street right here? Well, I think the strength of the AI story, the strength of the EX story is a bit underappreciated. You know, we've been racking up quarter over quarter growth for both our AI customer base and our EX business. Over time, you know, the market will recognize that. I'm just thrilled with what we delivered this past quarter where we were able to blow through, you know, the the analyst expectations on both top and bottom line. Always interested, Dennis, here to get lines of sight into the economy based on your business, Dennis, what you see in the business, what you hear from your customers. How would you characterize the US economy right now? You know, the data points we get would seem to suggest a an economy that's that's hanging in there, healthy, resilient, but I'm curious to get your take. I, well, look, the demand for what we're seeing is pretty solid. Now, we offer products for both IT and customer support that are must-have products. You got to automate those departments. You got to bring AI into those departments to become more effective and grow faster or reduce costs. So, you know, having a must-have product is a good place to be. Uh, but we saw really steady demand in Q2, very similar to Q1. Uh, second half of the year looks really good. Final question, Dennis. Your tariff, that dynamic, um, in terms of downstream effects, Dennis, you seeing anything there in terms of, you know, smaller deals or taking time to get deals done? I mean, virtually none to be honest. You know, our business is pretty diversified. 45% of our revenue is from the US, 55% international. There's no one single industry that dominates our our portfolio. Um, and we saw just continued steady growth, really didn't see any blips from any kind of policy decisions out there. Dennis, great to have you on the show. Thanks for your time. Thank you.
Yahoo
24-07-2025
- Business
- Yahoo
Phillips 66 & Lear earnings, Trump trade updates: What to Watch
Asking for a Trend host Josh Lipton goes over the biggest stories for investors to watch on Friday, July 25. Fresh earnings will be out, including from Charter Communications (CHTR), which will be announcing second quarter results before markets open, and Phillips 66 (PSX), from which analysts are hoping to receive updates on buybacks. President Trump's ongoing trade deals are still underway, with the US and EU getting closer toward reaching an agreement before the August 1 deadline. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Time now for what to watch Friday, July 25th. We're going to start off on the earnings front, more corporate reports rolling in on Friday including Charter Communications and Phillips 66. Looking at Charter first here, the telecoms company announcing results for the second quarter before the markets open, analysts expecting Charter to lose about 80,000 broadband customers in Q2. Now, that would be an improvement for when the company lost 149,000 customers a year earlier. Moving over to Phillips 66, the energy company posting second quarter earnings on Friday and I was keeping a close eye on any updates about buybacks, which they expect to remain steady compared to distributions of $760 million in Q, the prior quarter, but it's also dealing with the cost of its $2.2 billion acquisition of Epic, which could continue to put pressure on the company's debt. Taking a look at the trade deal landscape, Wall Street watching for any news on negotiations ahead of President Trump's August 1st deadline. The European Union and the US are heading toward an agreement to set a 15% tariff for most imports. This coming after a truth social post from Trump on Tuesday, remember, announcing a quote massive deal with Japan that includes a 15% tariff rate and $550 billion in investments.
Yahoo
22-07-2025
- Business
- Yahoo
Alphabet & Tesla earnings, existing home sales: What to Watch
Asking for a Trend host Josh Lipton takes a look at the top stories for investors to watch on Wednesday, July 23. In the afternoon, earnings results will be posted for Alphabet (GOOG, GOOGL), Tesla (TSLA), IBM (IBM), T-Mobile (TMUS), Chipotle (CMG), and Alaska Air (ALK). In the morning, existing home sales data for June will be published. Economists are expecting the number to fall slightly. To watch more expert insights and analysis on the latest market action, check out more Asking for a Trend here. Time now for to watch Wednesday, July 23rd. Starting off on the earnings front, huge day of earnings with some heavy hitters on deck Wednesday, including Alphabet and Tesla. Taking a look at alphabet, the Google parent company reporting second quarter earnings after the market's close. Investors keeping a close eye on AI investments that may push up the company's capital expenditures. Ad prices and the cloud business also in focus for Alphabet with analysts anticipating Google cloud to grow around 27% in the quarter. Shifting gears to Tesla. Tesla also announced results for the second quarter after the closing bell. Analysts expecting Elon Musk's company to meet estimates for Q2. That's driven by stronger sales of the updated Model Y, but the recent rollback of EV tax credits under President Trump's big beautiful bill could pose challenges for Tesla going forward. And closing in on the housing market, we're going to be getting existing home sales data on Wednesday. Com is forecast that number to fall slightly in June to an annualized pace of 4 million, meaning fewer previously owned homes were sold in June compared to May. Related Videos 4 advantages give Alphabet a 'strategic position' in AI race Navitas skyrockets, Dollar Tree upgraded, Sarepta & FDA Domino's Q2 revenue beat: Why this analyst still isn't bullish Figma, Backers Seek to Raise $1 Billion in US IPO Sign in to access your portfolio
