In partnership with

Welcome Back,

Market Headlines 👀 

• Former President Trump selects senator of Ohio JD Vance as his VP for the 2024 election.

• Alphabet (GOOGL) is in talks with cybersecurity firm Wiz over a $23b acquisition.

• Apple (AAPL) releases iOS 18 for public beta use.

• At&t (T) was hit with a massive data hack over the weekend which affected 110m accounts per sources.

Earnings 💸

• BlackRock (BLK)

  • EPS: $10.36 beats (exp. $9.96)

  • Revenue: $4.81b beats (exp. $4.5b)

• Goldman Sachs (GS)

  • EPS: $8.62 beats (exp. $8.42)

  • Revenue: $12.7b beats (exp. $12.4b)

A note from Active 📣

Ever Wondered Why Your Gym Clothes Never Smell 100% Clean?

It’s because activewear uses tightly woven synthetic fabrics to wick away sweat while you workout.

Unfortunately, traditional detergents use fabric softeners that can coat over sweat, dead skin, & bacteria trapping them inside these fabrics.

So once your body starts heating up… the smell inevitably returns.

ACTIVE solves this by using a scientifically formulated, all natural enzyme blend to break down these trapped contaminants once and for all!

Finally a solution to your smelly Activewear!

Solve Your Stink Today!

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

The Mag 7 (AAPL, AMZN, TSLA, GOOGL, NVDA, META, MSFT) have always traded at a substantial premium to the S&P 500. In fact, this premium is lower today than it was in 2020/2021 as some Mag 7 names have “grown into” their earnings and now have much more reasonable valuations (AMZN traded at a peak of 70x earnings in 2020 vs. 32x today). What is notable is the persistent de-rating of nonGrowth stocks vs. the market as earnings have disappointed for these areas. (Contributed by Cameron Dawson, CIO at NewEdge Wealth).

Market Preview 🎞️

• Tuesday, July 16th: Export prices; Retail sales

• Tuesday earnings: United Health Group (UNH), Bank Of America (BAC),and Morgan Stanley (MS)

• Wednesday, July 17th: Mortgage applications index; Building permits; Housing starts data

• Wednesday earnings: Johnson & Johnson (JNJ), and United Airlines (UAL)

• Thursday, July 18th: : Weekly jobless claims; EIA natural gas inventories

• Thursday earnings: Dominoes Pizza (DPZ), BlackStone Group (BX), and Intuitive Surgical (ISRG) and TSMC (TSM)

• Friday, July 19th: Monthly OPEX options expiration

Enjoy reading?👇

That’s all for today, folks! We’ll be back around the same time Thursday with a curated list of important news, economic data and market highlights. 

🔔 Be the first to know. Ensure you never do more than one read if you:

• Move our emails (especially your subscriber introduction) to your primary inbox (Quick instructions).

• 👋 Say hi. Responding to our emails (if any) lets your email provider know to not block us from your main inbox.