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Market Headlines 👀 

• US CONSUMER Confidence rose in July to 100.3, full report here.

• Apple (AAPL) reveals first version of Apple Intelligence in its new iOS for developers to view.

• Delta (DAL) hires prominent attorney David Boies to pursue damages from Crowdstrike due to the outage caused by the company.

• Microsoft (MSFT) beats on earnings but stock is down after hours due to the miss in cloud revenue.

Earnings 💸

• Microsoft (MSFT)

  • EPS: $2.95 beats (exp. $2.94)

  • Revenue: $64.7b beats (exp. $64.4b)

• Sofi Financial (SOFI)

  • EPS: $0.01 meets (exp. $0.01)

  • Revenue: $598.62m beats (exp. $564.39m)

• PayPal (PYPL)

  • EPS: $1.19 beats (exp. $0.96)

  • Revenue: $7.89b beats (exp. $7.78b)

• Spotify (SPOT)

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

• Pinterest (PINS)

  • EPS: $0.29 beats (exp. $0.28)

  • Revenue: $854m beats (exp. $848.7m)

• Visa (V)

  • EPS: $2.51 beats (exp. $2.42)

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

• AMD (AMD)

  • EPS: $0.69 beats (exp. $0.68)

  • Revenue: $5.8b beats (exp. $5.72b)

• Starbucks (SBUX)

  • EPS: $0.92 beats (exp. $0.91)

  • Revenue: $9.1b misses (exp. $9.2b)

• Pfizer (PFE)

  • EPS: $0.60 beats (exp. $0.46)

  • Revenue: $13.3b beats (exp. $13b)

A note from Earnings Hub 📣

Track Company Earnings Like a Pro

Earnings Hub is designed for investors to give you everything you want to know about company earnings, including:

An Earnings Calendar

• Expectations & Actuals

• Listen to Earnings Calls Live (or replay)

• Earnings Call Transcripts & AI Summaries

• Realtime News on your favorite stocks

• Alerts delivered via Text or Email

Most of the features are FREE! Premium features are 50% off right now at just $49 for an entire year.

See Earnings Hub Calendar

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

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

Market Preview 🎞️ 

• Wednesday, July 31st: MBA mortgage applications; US Fed FOMC; ADP employment report; Pending home sales

• Wednesday earnings: Meta Platforms (META), Boeing (BA), ARM (ARM), Qualcomm (QCOMM) and Mastercard (MA)

• Thursday, August 1st: Weekly jobless claims; ISM manufacturing index-productivity

• Thursday earnings: Apple (AAPL), Amazon (AMZN), Intel (INTC), Coinbase (COIN), Draftkings (DKNG), Block (SQ), Mercado-Libre (MELI), Moderna (MRNA), and Booking Holding (BKNG)

• Friday, August 2nd: Non-farm payrolls; Unemployment change; Factory orders

Enjoy reading?👇

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

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