BIG Week for Big Tech

👋Hello and Happy Monday! 🌅 

Here’s what’s on deck this week:

🔋 Tesla hits the skids? The EV giant reports earnings Wednesday as it grapples with slowing sales and rising competition. Big Tech is also in the spotlight, with Google, Intel, and IBM all slated to report this week.

🥤 Earnings buffet continues: Expect updates from Coca-Cola, GM, Verizon, and HCA Healthcare as investors dig into how consumer staples and legacy sectors are holding up.

🏠 Home stretch: June’s new and existing home sales data will drop this week, giving a fresh read on the housing market. 📉 Also on deck: jobless claims and durable goods orders—two key clues for the Fed’s next move.

Let’s dive in.💦💦

Click here 👈to learn more about our charts.

Corporate earnings will take over Wall Street’s group chat this week, with some of the biggest names in tech, autos, and consumer goods stepping up to the mic.

🔋 Tesla, 🧠 Google, 🧃 Coca-Cola, 🖥️ Intel, and ☎️ Verizon headline the earnings calendar after a week where the S&P 500 inched higher and the Nasdaq pulled off a five-day high streak like it was nothing.

All eyes will be on Tesla—not just for its sagging EV sales, but for whatever Elon says next (plus, that shiny new robotaxi). Meanwhile, we'll hear from consumer, industrial, energy, and healthcare giants as they spill the tea on margins, demand, and inflation vibes.

🏘️ On the macro front, June’s new and existing home sales will help reveal whether the housing slump is still very much slumping.

Alphabet and Tesla are first out of the gate this week as earnings season kicks off for the “Magnificent Seven.” Once again, the S&P 500 is betting on its all-star lineup to deliver the goods.

Wall Street expects those seven tech giants to post a 14.1% jump in Q2 earnings from last year. The other 493? A humble 3.4%. That means if earnings are going to surprise to the upside, it’s likely coming from the usual suspects—so don’t be shocked if Big Tech steals the spotlight (again).

👇 Below, we’ve got a cheat sheet of this week’s biggest names reporting, sorted by market cap (courtesy of Unusual Whales).

For active traders looking for actionable insights, the highlighted columns show the implied (expected) post-earnings move for each company, along with the Average 1-Day Realized Volatility Post Earnings Ratio (1D RV).

📈Implied Move: The market’s best guess at how much a stock will swing after earnings.

📊1D RV: A powerful tool that represents the post-earnings price move divided by the expected price move over the past 12 quarters. In other words, it measures how good (or bad) the market is at pricing each company’s earnings.

💵When you see a ratio >1.0, indicates that, historically, the earnings are mispriced and the stock moves MORE than the market anticipates, favoring straddle buyers.

🪝A ratio <1.0 tells the opposite story, meaning the stock historically moves LESS than the market anticipates, which favors straddle sellers.

Happy hunting.

Monday

• Leading economic indicators (June)

• Key Earnings: Verizon, NXP Semiconductors, Roper Technologies, Domino’s Pizza

Tuesday

• Federal Reserve Chair Powell and Gov. Bowman speak at a Fed banking conference

• Key Earnings: SAP, Coca-Cola, Philip Morris, Texas Instruments, RTX Corp., Intuitive Surgical, Lockheed Martin, Sherwin-Williams, Capital One Financial, Northrop Grumman, General Motors

Wednesday

• Existing home sales (June)

• Key Earnings: Alphabet, Tesla, International Business Machines, T-Mobile US, ServiceNow, AT&T, Thermo Fisher Scientific, NextEra Energy, Boston Scientific, GE Vernova

Thursday

• New home sales (June)

• Key Earnings: Honeywell International, Union Pacific, Blackstone, Intel

• More Data to Watch: Initial jobless claims (Week ending July 19), S&P Flash US PMI (July)

Friday

• Durable goods orders (June)

• Key Earnings: HCA Healthcare, Aon, Charter Communications, Phillips 66, Booz Allen Hamilton