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Market Headlines 👀 

• US and Japan have agreed to a new trade deal announced last night.

• Tesla (TSLA) is in talks with Nevada for potential expansion of Robotaxi services into the state.

• Microsoft (MSFT) announces Github Spark, an AI tool to help turn ideas into fullstack applications.

• RocketLab (RKLB) Pentagon is looking to find additional partners outside of SpaceX to build the Golden Dome missile defense system.

• Amazon (AMZN) announces it will be acquiring AI startup Bee, which focuses on wearable listening devices.

• Bank of America (BAC) announces 8% increase to dividends and approves a new $40b share buyback effective August 1st.

• Krispy Kreme (DNUT) multiple ‘meme’ stocks have been flying including Krispy Kreme, Opendoor and GoPro to name a few.

Earnings 💸

• Alphabet (GOOGL)

  • EPS: $2.31 beats (exp. $2.18)

  • Revenue: $96.4b beats (exp. $94b)

• Tesla (TSLA)

  • EPS: $0.40 misses (exp. $0.43)

  • Revenue: $22.5b misses (exp. $22.74b)

• Chipotle (CMG)

  • EPS: $0.33 meets (exp. $0.33)

  • Revenue: $3.16b beats (exp. $3.1b)

• ServiceNow (NOW)

  • EPS: $4.09 beats (exp. $3.57)

  • Revenue: $3.22b beats (exp. $3.12b)

• International Business Machines (IBM)

  • EPS: $2.80 beats (exp. $2.62)

  • Revenue: $16.98b beats (exp. $16.59b)

A note from Pacaso 📣

Learn from this investor’s $100m mistake

In 2010, a Grammy-winning artist passed on investing $200K in an emerging real estate disruptor. That stake could be worth $100+ million today.

One year later, another real estate disruptor, Zillow, went public. This time, everyday investors had regrets, missing pre-IPO gains.

Now, a new real estate innovator, Pacaso – founded by a former Zillow exec – is disrupting a $1.3T market. And unlike the others, you can invest in Pacaso as a private company.

Pacaso’s co-ownership model has generated $1B+ in luxury home sales and service fees, earned $110M+ in gross profits to date, and received backing from the same VCs behind Uber, Venmo, and eBay. They even reserved the Nasdaq ticker PCSO.

Invest for $2.90/Share

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}

S&P 500 Heatmap 🔥 

Recap Around the Street 🧠

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

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

Market Preview 🎞️ 

• Thursday, July 24th: Weekly jobless claims; New home sales

• Thursday earnings: Blackstone (BX), American Airlines (AAL), and Intel (INTC) 

• Friday, July 25th: Durable good orders

Enjoy reading?👇

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

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