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Market Headlines 👀 

• US Treasury Secretary Scott Bessent had an interview providing his latest insights on CNBC today.

• European Union continues to negioate trying to get a deal done ahead of the 8/1 deadline with the US.

• Block (XYZ) S&P announced last Friday after market close, Block would enter the S&P 500.

• S&P 500 (SPX) traded at all time highs briefly intraday.

Earnings 💸

• Dominoes (DPZ)

  • EPS: $3.81 beats (exp. $3.36)

  • Revenue: $1.14b meets (exp. $1.14b)

A note from Pacaso 📣

Big investors are buying this “unlisted” stock

When the founder who sold his last company to Zillow for $120M starts a new venture, people notice. That’s why the same VCs who backed Uber, Venmo, and eBay also invested in Pacaso.

Disrupting the real estate industry once again, Pacaso’s streamlined platform offers co-ownership of premier properties, revamping the $1.3T vacation home market.

And it works. By handing keys to 2,000+ happy homeowners, Pacaso has already made $110M+ in gross profits in their operating history.

Now, after 41% YoY gross profit growth last year alone, they recently 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 🧠

EPS estimates for 2025 and 2026 are turning higher for the S&P 500, reflecting greater optimism amongst forecasters that economic growth will remain resilient and corporates will be able to deliver strong profitability, even with uncertain backdrops(Contributed by Cameron Dawson, CIO at NewEdge Wealth).

Market Preview 🎞️ 

• Tuesday earnings: Coca-Cola (KO), Intuitive Surgical (ISRG) and Lockheed Martin (LMT) 

• Wednesday, July 23rd: MBA mortgage applications; Existing home sales

• Wednesday earnings: Tesla (TSLA), Alphabet (GOOGL), International Business Machine (IBM), and Chipotle (CMG) 

• 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 today, folks! We’ll be back around the same time Wednesday with a curated list of important news, economic data and market highlights. 

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