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Market Headlines 👀 

• US existing home sales fell -5.4% MoM for June.

• Apple (AAPL) company could have a foldable phone in the markets some time in 2026 per reports.

• CrowdStrike (CRWD) company CEO has been called to testify in the White House.

• Tesla (TSLA) Musk says company will begin using humanoid bots starting next year internally.

• Alphabet (GOOGL) announces it will cancel its plans to kill cookies for advertisers.

• Alphabet (GOOGL) cybersecurity firm Wiz which was in talks for being acquired by Google for $23b has officially rejected the offer.

• Tesla (TSLA)

  • EPS: $0.52 misses (exp. $0.62)

  • Revenue: $25.5b beats (exp. $24.77b)

• Alphabet (GOOGL)

  • EPS: $1.89 beats (exp. $1.85)

  • Revenue: $84.7b beats (exp. $84.3b)

• United Postal Service (UPS)

  • EPS: $1.79 misses (exp. $1.99)

  • Revenue: $21.8b misses (exp. $22.2b)

• Spotify (SPOT)

  • Revenue: €3.81b meets (exp. €3.81b)

• Coca-Cola (KO)

  • EPS: $0.84 beats (exp. $0.81)

  • Revenue: $12.4b beats (exp. $11.8b)

• Visa (V)

  • EPS: $2.51 beats (exp. $2.42)

  • Revenue: $8.77b misses (exp. $8.92b)

• Lockheed Martin (LMT)

  • EPS: $6.85 beats (exp. $6.46)

  • Revenue: $18.1b beats (exp. $17b)

S&P 500 Heatmap 🔥 

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Recap Around the Street 🧠

Tesla earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Alphabet earnings snapshot (contributed by Brad Freeman @Stockmarketnerd):

Market Preview 🎞️ 

• Wednesday, July 24th: MBA mortgage applications; New home sales

• Wednesday earnings: Chipotle (CMG), Ford (F) and International Business Machines (IBM)

• Thursday, July 25th: Weekly jobless claims; Q2 advanced first GDP estimate; Durable goods

• Thursday earnings: American Airlines (AAL)

• Friday, July 26th: Personal income and spending (PCE); University of Michigan consumer sentiment

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