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Markets fought out of a red opening today to flat levels mid-day, and finally to higher closes, albeit modest ones, across the board. The Dow finished up +88 points, +0.20%, the S&P 500 is +8, +0.14% — not quite to new record closing highs — the Nasdaq +54 points, +0.27% — and this is a new all-time closing high — and the small-cap Russell 2000 closed at its session high: +14 points, +0.67%.
We’re not seeing any major economic reports today nor significant Q2 earnings results this Monday; we get started with these on Tuesday ahead of the open. So we’ve been reliant on news reports today to find our way forward…
Meta PlatformsMETA announced today it is scaling up its AI data center operations to the tune of hundreds of billions of dollars, with multiple multi-gigawatt clusters including its “Prometheus” data center and “Hyperion” center, which will reportedly be able to scale up to 5 gigawatts (GW) over the next several years. The energy required for these projects is reportedly more than is used by some entire countries.
Bitcoin had surged to $122.7K for the first time ever just before 8am ET today, but descended this peak somewhat by the market close. Currently, bitcoin is trading at $119.9K — still at the crest of the main cryptocurrency’s valuation. The promise of future Fed funds rate cuts as 2025 moves along is helping prod bitcoin valuation to record-high levels.
Oil prices, meanwhile, are still down in the mid-$60s tranche where they fell from near-term highs in late June. This time a year ago, oil prices were trading up around $80 per barrel. Occidental PetroleumOXY issued a note seeing lowered production and falling oil prices potentially having a detrimental effect on Q2 earnings, which OXY reports just about four weeks from now.
What to Expect from the Stock Market Tuesday
Our snooze alarms go off tomorrow, on what promises to be an eventful day in the market. Consumer Price Index (CPI) numbers for June come out, including a new Inflation Rate. Last month, this ticked up from multi-year lows in April at +2.3% to +2.4% in May. Consensus is looking for a 30-basis-point (bps) jump to +2.7%, the highest level we’ve seen since February. The core CPI print is expected to notch back up to +3%, again the highest since the second month of 2025.
For Q2 earnings, we expect to see results from JPMorganJPM, Citigroup C and Wells FargoWFC ahead of the opening bell. JPM and WFC are expected to present earnings -0.2% year over year, while Citi is expected +0.1%. Investment banks BlackRockBLK and State StreetSTT are expected flat earnings year over year. The Bank of New York-MellonBK looks to have grown +1.27% year over year on its bottom line. Questions or comments about this article and/or author" Click here>>
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Virtu Financial’s solid strength in the Execution Services segment augurs well for the long haul. Its capital position and rising profitability also impress.
T. Rowe Price’s strong liquidity position, product innovation and diverse AUM base support long-term growth. Strategic alliances and acquisitions will keep supporting its top-line growth.
Netflix’s growing subscriber base, driven by its content strength, focus on originals across various genres and languages and accelerating ad business are key positives.
Paycom’s continued investment in AI-driven automation, international expansion, a highly scalable model, strong margins and expanding enterprise adoption are the positives.
Any delay in the collection of accounts receivables, weather fluctuations and the risk of the non-renewal of the exclusive license are major headwinds for the company.
Declining sales of Trulicity, rising pricing pressure on some drugs and potential competition in the GLP-1 diabetes/obesity market are some top-line headwinds
Surmodics’ reliance on third parties and threats regarding data security are major headwinds. Issues like operating in a stiff competitive space and exposure to a complex set of regulations prevail.
Pricing wars or significant investments, seen as desperate attempts to outshine rivals, could result in compromising profit margins, an alarming prospect for any investor seeking a stable return.
Geopolitical tensions and high susceptibility to foreign currency fluctuations hinder CAR's growth. Low liquidity and reluctance to pay dividends do not sit well with investors.
The company faces headwinds in the form of a high inflationary environment, competitive pressures and significant reliance on a limited number of customers.
Tyson Foods' strategy is anchored in operational excellence, customer and consumer obsession and sustainability. The company prioritizes innovation, marketing and customer alliances to fuel growth.
Netflix’s growing subscriber base, driven by its content strength, focus on originals across various genres and languages and accelerating ad business are key positives.
Strength across all product groups is a positive catalyst for Edwards Lifesciences. The company’s bullish long-term growth strategy buoys optimism on the stock.
