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Economic Times
6 hours ago
- Business
- Economic Times
US stock market futures mixed today: S&P 500 steady, Nasdaq climbs on AI rally, Dow drops as Tesla and IBM disappoint
How are the major US index futures trading right now? Index Current Level Change Sentiment S&P 500 ~6,394.00 –0.04% Cautiously flat Nasdaq-100 ~23,226.30 +0.28% Bullish tech Dow Jones ~44,823.80 –0.41% Under pressure S&P 500 futures are nearly flat, showing a slight negative bias as markets await economic data and Fed signals. are nearly flat, showing a slight negative bias as markets await economic data and Fed signals. Nasdaq futures are leading the pack, rising ~0.3% thanks to upbeat tech earnings and strong AI sector momentum. are leading the pack, rising ~0.3% thanks to upbeat tech earnings and strong AI sector momentum. Dow Jones futures are lagging, down around 0.4% due to weak industrial and auto sector performances, especially Tesla and IBM. Which stocks are making the biggest moves this morning? Biggest gainers West Pharmaceutical Services (WST) : +17.6% – Boosted by stellar Q2 results. : +17.6% – Boosted by stellar Q2 results. Icon PLC (ICLR) : +16.1% – Surged after impressive clinical trial data. : +16.1% – Surged after impressive clinical trial data. ServiceNow (NOW) : +7.0% – Raised full-year subscription guidance. : +7.0% – Raised full-year subscription guidance. GE Vernova (GEV) : +14.0% – Strong revenue growth and clean energy optimism. : +14.0% – Strong revenue growth and clean energy optimism. Lamb Weston (LW): +16.0% – Higher sales and margin improvements. Notable decliners Tesla (TSLA) : –5.0% – Despite beating revenue, earnings dropped 23%, and Musk warned of 'rough quarters' ahead. : –5.0% – Despite beating revenue, earnings dropped 23%, and Musk warned of 'rough quarters' ahead. IBM (IBM) : –5.3% – Missed profit expectations, dragging Dow futures down. : –5.3% – Missed profit expectations, dragging Dow futures down. Chipotle (CMG) : –11.2% – Slashed same-store sales growth forecast. : –11.2% – Slashed same-store sales growth forecast. Texas Instruments (TXN) : –13.0% – Weak guidance hit auto chip sentiment. : –13.0% – Weak guidance hit auto chip sentiment. Other chip names: Microchip (MCHP) : –6.0% ON Semiconductor (ON) : –4.0% Analog Devices (ADI) : –3.0% NXP Semiconductors (NXPI) : –1.0% What's driving the stock market futures today? Live Events 1. Tech earnings push Nasdaq futures higher Alphabet (GOOGL) crushed expectations and raised its capital expenditure outlook to $85 billion, citing demand for AI infrastructure. The stock is up 3.5% in pre-market. crushed expectations and raised its capital expenditure outlook to $85 billion, citing demand for AI infrastructure. The stock is up 3.5% in pre-market. ServiceNow (NOW) impressed with raised full-year guidance and is trading 7% higher. This upbeat sentiment is lifting Nasdaq-100 futures and helping offset broader market concerns. 2. Tesla and industrials drag Dow futures lower 3. US–Japan and US–EU trade deals boost sentiment A confirmed U.S.–Japan trade agreement and progress on a U.S.–EU deal (focused on a unified 15% tariff structure) have lifted risk sentiment across global markets. and progress on a (focused on a unified 15% tariff structure) have lifted risk sentiment across global markets. These trade headlines are especially positive for S&P 500 futures, which are now trading near record highs. What economic data is the market watching today? U.S. jobless claims (expected at 8:30 AM ET): Will offer insight into labor market strength. (expected at 8:30 AM ET): Will offer insight into labor market strength. S&P Global flash PMI for July: A key reading on U.S. manufacturing and services health. for July: A key reading on U.S. manufacturing and services health. New home sales data : A crucial indicator of consumer confidence and housing demand. : A crucial indicator of consumer confidence and housing demand. Federal Reserve meeting (set for July 30): No rate change expected, but traders are pricing in a 62% chance of a rate cut in September. How are commodities and bond markets reacting? Crude oil prices : WTI: +1.0% Brent: +0.8% Stronger global trade outlook and shrinking U.S. stockpiles are pushing prices higher. : Gold : Down ~0.8% as safe-haven demand dips. : Down ~0.8% as safe-haven demand dips. VIX (Volatility Index) : Down ~5%, showing calm in equity markets. : Down ~5%, showing calm in equity markets. 10-year Treasury yield: Trading around 4.41%, slightly higher, indicating a modest risk appetite. What's the overall outlook for today's stock market session? Nasdaq is expected to lead , backed by strong tech and AI growth momentum. , backed by strong tech and AI growth momentum. S&P 500 could hold steady , supported by trade optimism and selective earnings strength. , supported by trade optimism and selective earnings strength. Dow might stay in the red, unless industrials or automakers show surprise resilience. What should investors watch for next? Upcoming earnings to watch: American Airlines (AAL) Blackstone (BX) Microsoft (MSFT) AT&T (T) GE Vernova (GEV) Texas Instruments (TXN) – Follow-through selling or bounce? Key macro events: Fed Meeting – July 30 (watch for tone on inflation and future rate cuts) – July 30 (watch for tone on inflation and future rate cuts) Trade deadline – August 1 for US–EU and US–China negotiations – August 1 for US–EU and US–China negotiations PMI, housing data, jobless claims – Real-time check on the U.S. economy What this means for investors FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel US stock market futures were mixed early Thursday, July 24, with the S&P 500 holding near 6,394 (–0.04%), Nasdaq-100 futures climbing to 23,226.30 (+0.28%), and Dow Jones futures falling to 44,823.80 (–0.41%) as investors reacted to a wave of key earnings and economic signals. Tech stocks powered Nasdaq gains, led by Alphabet and ServiceNow after strong Q2 results and AI-driven guidance, while Tesla and IBM disappointed Wall Street, weighing heavily on the Dow. The broader market is now bracing for fresh jobless claims data, flash PMI reports, and more earnings that could shift sentiment heading into the Fed's policy meeting next where things stand for the top three U.S. index futures in pre-market trading:Let's look at some of the top pre-market gainers and losers across key sectors, especially those impacting futures:Today's movement in U.S. stock market futures is shaped by a few major themes:Strong Q2 results from tech giants are driving investor optimism:Despite revenue growth, Tesla's net income dropped significantly, and CEO Elon Musk warned about challenges in the quarters ahead. This sent shares down 5%, hitting Dow futures hard. IBM's weak results added further are also reacting to global economic news:Investors are closely eyeing today's data releases and upcoming events, which could shift futures direction significantly:The broader market tone is mildly risk-on, reflected in movements across oil, gold, and bonds:The sentiment heading into Thursday's session is mixed but cautiously optimistic:Retail investors are still heavily involved, with JPMorgan, Barclays, and Schwab all noting that individual trader sentiment is driving momentum across major sectors—especially tech and options what could move the markets further today and in the days ahead:The U.S. stock market futures are flashing mixed signals, reflecting both optimism and caution. Strong tech earnings and trade breakthroughs are lifting risk appetite, but weak industrial earnings and inflation concerns are capping gains—especially in the session could bring volatility depending on incoming economic data. But overall,, while broader indices like the S&P 500 remain resilient near all-time is up due to strong AI-fueled earnings from big tech like Alphabet and and IBM earnings missed expectations, dragging down Dow futures.
Time of India
8 hours ago
- Business
- Time of India
US stock market futures mixed today: S&P 500 steady, Nasdaq climbs on AI rally, Dow drops as Tesla and IBM disappoint
US stock market futures were mixed early Thursday, July 24, with the S&P 500 holding near 6,394 (–0.04%), Nasdaq-100 futures climbing to 23,226.30 (+0.28%), and Dow Jones futures falling to 44,823.80 (–0.41%) as investors reacted to a wave of key earnings and economic signals. Tech stocks powered Nasdaq gains, led by Alphabet and ServiceNow after strong Q2 results and AI-driven guidance, while Tesla and IBM disappointed Wall Street, weighing heavily on the Dow. The broader market is now bracing for fresh jobless claims data, flash PMI reports, and more earnings that could shift sentiment heading into the Fed's policy meeting next week. How are the major US index futures trading right now? Here's where things stand for the top three U.S. index futures in pre-market trading: Index Current Level Change Sentiment S&P 500 ~6,394.00 –0.04% Cautiously flat Nasdaq-100 ~23,226.30 +0.28% Bullish tech Dow Jones ~44,823.80 –0.41% Under pressure S&P 500 futures are nearly flat, showing a slight negative bias as markets await economic data and Fed signals. Nasdaq futures are leading the pack, rising ~0.3% thanks to upbeat tech earnings and strong AI sector momentum. Dow Jones futures are lagging, down around 0.4% due to weak industrial and auto sector performances, especially Tesla and IBM. Which stocks are making the biggest moves this morning? Let's look at some of the top pre-market gainers and losers across key sectors, especially those impacting futures: Biggest gainers West Pharmaceutical Services (WST) : +17.6% – Boosted by stellar Q2 results. Icon PLC (ICLR) : +16.1% – Surged after impressive clinical trial data. ServiceNow (NOW) : +7.0% – Raised full-year subscription guidance. GE Vernova (GEV) : +14.0% – Strong revenue growth and clean energy optimism. Lamb Weston (LW) : +16.0% – Higher sales and margin improvements. Notable decliners Tesla (TSLA) : –5.0% – Despite beating revenue, earnings dropped 23%, and Musk warned of 'rough quarters' ahead. IBM (IBM) : –5.3% – Missed profit expectations, dragging Dow futures down. Chipotle (CMG) : –11.2% – Slashed same-store sales growth forecast. Texas Instruments (TXN) : –13.0% – Weak guidance hit auto chip sentiment. Other chip names: Microchip (MCHP) : –6.0% ON Semiconductor (ON) : –4.0% Analog Devices (ADI) : –3.0% NXP Semiconductors (NXPI) : –1.0% What's driving the stock market futures today? Today's movement in U.S. stock market futures is shaped by a few major themes: Live Events 1. Tech earnings push Nasdaq futures higher Strong Q2 results from tech giants are driving investor optimism: Alphabet (GOOGL) crushed expectations and raised its capital expenditure outlook to $85 billion, citing demand for AI infrastructure. The stock is up 3.5% in pre-market. ServiceNow (NOW) impressed with raised full-year guidance and is trading 7% higher. This upbeat sentiment is lifting Nasdaq-100 futures and helping offset broader market concerns. 2. Tesla and industrials drag Dow futures lower Despite revenue growth, Tesla's net income dropped significantly, and CEO Elon Musk warned about challenges in the quarters ahead. This sent shares down 5%, hitting Dow futures hard. IBM's weak results added further pressure. 3. US–Japan and US–EU trade deals boost sentiment Markets are also reacting to global economic news: A confirmed U.S.–Japan trade agreement and progress on a U.S.–EU deal (focused on a unified 15% tariff structure) have lifted risk sentiment across global markets. These trade headlines are especially positive for S&P 500 futures, which are now trading near record highs. What economic data is the market watching today? Investors are closely eyeing today's data releases and upcoming events, which could shift futures direction significantly: U.S. jobless claims (expected at 8:30 AM ET): Will offer insight into labor market strength. S&P Global flash PMI for July: A key reading on U.S. manufacturing and services health. New home sales data : A crucial indicator of consumer confidence and housing demand. Federal Reserve meeting (set for July 30): No rate change expected, but traders are pricing in a 62% chance of a rate cut in September. How are commodities and bond markets reacting? The broader market tone is mildly risk-on, reflected in movements across oil, gold, and bonds: Crude oil prices : WTI: +1.0% Brent: +0.8% Stronger global trade outlook and shrinking U.S. stockpiles are pushing prices higher. Gold : Down ~0.8% as safe-haven demand dips. VIX (Volatility Index) : Down ~5%, showing calm in equity markets. 10-year Treasury yield : Trading around 4.41%, slightly higher, indicating a modest risk appetite. What's the overall outlook for today's stock market session? The sentiment heading into Thursday's session is mixed but cautiously optimistic: Nasdaq is expected to lead , backed by strong tech and AI growth momentum. S&P 500 could hold steady , supported by trade optimism and selective earnings strength. Dow might stay in the red , unless industrials or automakers show surprise resilience. Retail investors are still heavily involved, with JPMorgan, Barclays, and Schwab all noting that individual trader sentiment is driving momentum across major sectors—especially tech and options markets. What should investors watch for next? Here's what could move the markets further today and in the days ahead: Upcoming earnings to watch: American Airlines (AAL) Blackstone (BX) Microsoft (MSFT) AT&T (T) GE Vernova (GEV) Texas Instruments (TXN) – Follow-through selling or bounce? Key macro events: Fed Meeting – July 30 (watch for tone on inflation and future rate cuts) Trade deadline – August 1 for US–EU and US–China negotiations PMI, housing data, jobless claims – Real-time check on the U.S. economy What this means for investors The U.S. stock market futures are flashing mixed signals, reflecting both optimism and caution. Strong tech earnings and trade breakthroughs are lifting risk appetite, but weak industrial earnings and inflation concerns are capping gains—especially in the Dow. Today's session could bring volatility depending on incoming economic data. But overall, Nasdaq and AI stocks continue to lead the rally , while broader indices like the S&P 500 remain resilient near all-time highs. FAQs: Q1: Why is the Nasdaq rising today? Nasdaq is up due to strong AI-fueled earnings from big tech like Alphabet and ServiceNow. Q2: What's pulling the Dow Jones down today? Tesla and IBM earnings missed expectations, dragging down Dow futures.
Business Times
3 days ago
- Business
- Business Times
Not just DBS or Nvidia: these are the top most-traded stocks in Singapore
[SINGAPORE] The year to date has been marked by significant market volatility, with trade tensions and tariff-related uncertainty acting as key catalysts. Global supply chains have faced persistent disruptions as major economies imposed and responded to tariffs, particularly in sectors like technology and manufacturing. Since coming into office in January, US President Donald Trump has issued a raft of executive orders and imposed wide-ranging tariffs on multiple countries and territories. The policy shifts introduced have added a layer of unpredictability that has kept investors on the edge and prompted many firms to reassess their sourcing strategies and cost structures. For the next US Federal Reserve meeting, rate cut bets are rising, according to Reuters, as risks rise that inflation may return due to Trump's tariff policies. Amid the uncertainty, what have investors based in Singapore been buying? Brokerages MooMoo, OCBC, iFast provided The Business Times with data on the top traded stocks this year by Singapore investors, regardless of which exchange they were listed on: A NEWSLETTER FOR YOU Friday, 8.30 am Asean Business Business insights centering on South-east Asia's fast-growing economies. Sign Up Sign Up In the second half of 2024 prior to Trump's inauguration for his second presidential term, tech stocks and ETFs were heavily traded by Singapore investors on the FSMOne platform, said Joshua Chim, FMSone Singapore general manager. Chim added that at the time, investors not only invested in popular indexes such as the S&P 500 and Nasdaq-100, but they also took on leveraged bets via leveraged exchange traded funds (EFT), including Semiconductor 3X and 2X long on Nvidia. 'Interestingly, our investors continued to trade heavily in tech stocks in April 2025, amid a huge plunge in prices across global stock markets following Trump's announcement of (the) sweeping tariffs impacting many countries,' the brokerage general manager added. Due to the increased uncertainty, investors have been shifting to safe haven assets such as gold ETFs, with gold prices hitting an all-time high on multiple occasions. Investors have also flocked to bitcoin ETFs, as the cryptocurrency hit record highs this year. But Singapore stocks continue to remain popular among local investors. Said OCBC managing director of securities Wilson He: 'SGX-listed stocks have always been popular among our customers. As a well-regulated and dynamic market, (these) stocks are recognised for their high and stable dividend yields.' He noted that in particular, the three local banks have been consistently sought after by customers because of their strong fundamentals, consistent performance and reliable dividends. 'However there has been a growing interest in technology stocks, especially those involved in artificial intelligence and advanced computing,' he said, pointing to Nvidia.
CNBC
3 days ago
- Business
- CNBC
This investment manager can soar on proposed change to widely followed fund, says TD Cowen
Invesco could be on the verge of a "game changer," according to TD Cowen. TD Cowen upgraded the investment management stock to buy from hold and raised its price target to $25 per share from $17.50. The firm's forecast implies about 26% upside from Friday's close. Analyst Bill Katz pointed to Invesco's recent Securities and Exchange Commission filing, which showed the company sought approval to restructure certain aspects of its Invesco QQQ Trust (QQQ) to reflect an open-ended fund as opposed to a unit investment trust (UIT). The QQQ, which tracks the Nasdaq-100 index, is one of the most widely held funds both by institutions and retail investors alike. It has about $355 billion in assets. IVZ YTD mountain Invesco stock in 2025. "We believe this is a major development for the firm - and though the stock jumped ~15% on [Friday], we see additional follow through, likely post 2Q results set for 7/22," the analyst said. The potential reorganization of Invesco's premier ETF could allow the company to capitalize on a greater share of fee revenue from the ETF, which would also benefit stakeholders in QQQ, Katz wrote. The move could also see a decline in the fund's expense ratio if the proposed changes are approved. "We think the move on 7/18 was purely reflective of earnings accretion; we see room for additional multiple expansion as investors think through implication," Katz added. Invesco reports second-quarter earnings on Tuesday. Shares gained more than 2% Monday after the upgrade. Year to date, the company is up 14%.
Business Insider
4 days ago
- Business
- Business Insider
The Week That Was, The Week Ahead: Macro & Markets, July 20, 2025
Everything to Know about Macro and Markets The S&P 500 (SPX) and the Nasdaq-100 (NDX) inched down from Thursday's record highs, though still closing the week up 0.59% and 1.25%, respectively. The Dow Jones Industrial Average (DJIA) finished the week nearly flat at –0.07%. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. No Place For Cuts Stocks declined on Friday, consolidating after the S&P 500 and the Nasdaq reached all-time highs on Thursday. While the healthcare sector – and particularly UnitedHealth (UNH) – continued to weigh down the DJIA index throughout the week, the S&P 500 and the tech indexes surged from Wednesday's dip thanks to positive economic data, strong earnings, and relief following President Trump's admission that he is not planning on firing Federal Reserve's chair Jerome Powell, although he isn't happy about his strict monetary stance. While other indexes hovered around the zero line on Friday, pulled in different directions by apparent strength of the economy, the resulting reduction in rate-cut expectations, as well as high earnings variability – the Dow was decisively in the red on reports that Trump is pushing for larger tariffs on the European Union. According to media reports, Trump has demanded a minimum tariff of between 15% and 20% in any deal with the EU, as the bloc strives to reach a trade agreement before August 1 deadline for implementing a 30% levy. Traders are now assigning nearly zero chances for a rate cut at the Federal Reserve's next meeting on July 30, as the economy continues to demonstrate enviable health and corporate sector appears strong, while inflation is grinding down despite the tariffs – but at a much slower pace than policymakers would like to see. Fed Governor Christopher Waller said that the Fed should cut rates now – saying that the economic momentum is slowing and risks to employment are elevated. However, Waller and Michelle Bowman are the only rate committee members who have opined in favor of a July cut. The Economy Is Fine Last week, another batch of data confirmed that the U.S. economy continues to be healthy, even if moderate weakness is emerging in some pockets. Retail sales rebounded in June, indicating that tariffs are not significantly impacting consumer spending, at least not yet. The print confirmed what was earlier reflected in the earnings commentary of the largest U.S. banks, with JPMorgan Chase (JPM), Citigroup (C), and Wells Fargo (WFC) reporting increases in their consumer banking revenues, stemming from higher credit-card debt – while delinquencies remain stable year-over-year. Meanwhile, initial jobless claims fell last week to their lowest level in three months, confirming the 'Goldilocks' state of the economy. The Philly Fed business outlook jumped to one of the strongest readings in the past three years, confirming robust business activity. That was reaffirmed by a stronger-than-expected gain in industrial production in June. Earlier in the week, CPI and PPI reports showed that core price increases remain subdued. Import prices fell in June, helping ease tariff-related worries. Importantly, Friday's UoM consumer survey showed plunging one-year inflation expectations, along with the continued decline in the long-term expectations. Moreover, July's preliminary consumer sentiment index came in better-than-expected for the fourth month in a row, continuing its strong rebound from April's lows. Stocks That Made the News ▣ Netflix (NFLX) kicked off Q2 Big Tech earnings season with a 'beat and raise' report. However, a strong EPS beat and increased full-year revenue guidance – coupled with a reiterated plan to double ad revenue in 2025 – weren't enough to excite the markets, with heavy profit taking ensuing following the post 40%+ rally year-to-date. Investors were disappointed as the streaming giant's Q2 revenue only narrowly surpassed estimates, while the key reason for forecast increase was a weaker dollar and not rising strong customer demand. ▣ TSMC (TSM) also saw heavy profit taking on Friday after a strong run year-to-date. The world's dominant chip builder reported strong revenue growth and record EPS and ROE. It also noted that Nvidia (NVDA), the company's largest client, has received government approval to resume sales of H20 AI chips to China – which is a positive news for TSMC as China is one of the key global markets for semiconductors. TSMC said that demand for AI chips was 'getting stronger and stronger,' lifting its revenue guidance for Q3 and full year. However, the company said it is being more conservative in its forecasts, as it weighs the possible impact of tariffs and 'a lot of other uncertainties.' ▣ GE Aerospace (GE) stock soared after it posted a nearly flawless earnings report, beating revenue and EPS estimates and posting a robust backlog and surging cash flows. The company revealed significant advancements in technology, including AI-enabled tools, and plans to increase capacity by 40% by the end of the decade. Despite tariff and macro uncertainties, along with other headwinds, GE raised its 2025 revenue and EPS guidance and increased its outlook through 2028. With a nearly 60% rally year-to-date, the stock seems unstoppable, supported by analyst enthusiasm. ▣ The weakness in health insurance stocks weighed on the market at the end of trading week. Humana (HUM), a leading provider of Medicare Advantage plans, lost its lawsuit challenging the U.S. government's decision to reduce its star rating. The loss prevents Humana from reversing billions in Medicare bonus payment cuts for 2026, directly threatening future profits. Other health insurers like UnitedHealth (UNH) and Centene (CNC) also experienced losses, as the decision signaled broader risks to insurer profitability tied to Medicare quality ratings. At the same time, Elevance Health (ELV) has seen its stock drop following rating downgrades and analyst price-target reductions. Elevance had released Q2 earnings that missed expectations, and it sharply reduced its full-year profit forecast, blaming rising medical costs in its Medicaid and Affordable Care Act (ACA) segments. ▣ Pharmaceuticals, on the other hand, fared better than feared following the announcement of new U.S. drug price control policies – particularly President Trump's executive order mandating 'Most Favored Nation' (MFN) pricing, aimed at aligning U.S. drug prices with those in other developed countries. The administration provided a clarifying statement citing careful and gradual implementation, helping broad pharmaceutical ETFs to recover from the initial decline. ▣ Interactive Brokers (IBKR) stock jumped following its Q2 2025 results release. The leading automated electronic brokerage platform delivered an across-the-board positive surprise, with substantial beats on both earnings and revenue, driven primarily by explosive client growth and surging trading activity. ▣ Abbott Laboratories (ABT) stock fell sharply as modest beats on revenue and earnings in Q2 were overshadowed by a reduction in full-year organic sales growth guidance. Despite guidance disappointment, several analysts maintained or even raised their buy ratings and target prices on ABT, helping the stock to claw back some losses. ▣ PepsiCo (PEP) surged following its Q2 2025 report as both earnings and revenue beat Wall Street expectations, and management reiterated its full-year guidance, expressing confidence in both North America's recovering results and sustained international momentum. The producer of Pepsi-Cola and Doritos, along with other iconic brands, demonstrated its ability to outperform expectations and maintain stability – even as industry peers face sluggish demand and cost headwinds. ▣ Another 'beat-and-raise' – an unexpected one – arrived from United Airlines (UAL). United, one of the 'Big Four' U.S. airlines, beat analyst expectations, delivering modest revenue growth and smaller-than-expected EPS decline year-over-year. The company highlighted a sharp acceleration in booking demand beginning in early July, which drove its optimistic comments about expecting a 'strong finish to the year.' UAL upgraded its full-year EPS guidance, noting that even the raised outlook may prove conservative. The stock jumped as United not only overcame operational challenges, but also pointed to a noticeable turnaround in market demand, suggesting the worst of the uncertainty might be over for the airline sector. ▣ The stock of ASML Holding (ASML) fared worst among mega-caps last week following its earnings release. The undisputed leader in EUV chip lithography machines – required for manufacturing the world's leading-edge semiconductors – reported strong Q2 results that beat expectations on sales, earnings, and net bookings. However, the management shook the markets with its cautious and uncertain forward-looking comments, stating that they cannot guarantee revenue growth in 2026 due to macroeconomic and geopolitical uncertainties, especially related to tariffs and trade tensions. Near-term outlook also disappointed, with ASML guiding for Q3 revenues below analyst consensus and narrowing full-year 2025 sales expectations slightly below bullish forecasts. The Q2 2025 earnings season is in full swing, with many notable releases scheduled for this week. The highlight of the week will be the reports from Alphabet (GOOGL) and Tesla (TSLA) on Wednesday, which will open the earnings season for the Magnificent Seven tech mega caps. Also in focus will be earnings releases from Verizon (VZ), Coca-Cola (KO), Philip Morris (PM), RTX (RTX), Danaher (DHR), Texas Instruments (TXN), Intuitive Surgical (ISRG), Chubb (CB), Lockheed Martin (LMT), General Motors (GM), IBM (IBM), T-Mobile US (TMUS), ServiceNow (NOW), Amphenol (APH), Blackstone Group (BX), Honeywell International (HON), and Intel (INTC).
