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BEFORE THE OPEN

Pre-Market:

US Investor % Bullish Sentiment:
↑ 52.75% for Wk of July 18 2024 (Last week: 49.18%)

Market Recap:

• Nasdaq futures -0.78%, S&P -0.51%, Dow -0.27%.

• Alphabet shares -1.7%; YouTube ad revenue missed.

• Tesla shares -6% on weak results, 7% drop in auto revenue YoY.

• 20% of S&P reported Q2 earnings; 80% beat expectations.

• Rally driven by Fed rate cut expectations, soft landing hopes.

EARNINGS

Here’s what we’re watching this week:

• Today: AT&T (T), Lennox Int'l (LII), IBM (IBM)

  • Chipotle (CMG) - earnings of $.32 per share (+28% YoY) on $2.9B revenue (+16.3% YoY)

• Thursday: AbbVie (ABBV), Honeywell (HON), Southwest Air (LUV)

• Friday: Bristol-Myers Squibb (BMY)

  • 3M (MMM) - earnings of $1.68 per share (-22.6% YoY) on $5.9B revenue (-25.4% YoY)

Full earnings calendar here.

HEADLINES

Tesla Profit Falls Short Again as Musk Demands Investor Patience

India Closes In on China as Largest Emerging Market

• Trump files complaint over Harris getting Biden’s $96M war chest (more)

• 10-year Treasury yield dips as investors closely monitor economic data (more)

• Record house prices depress US home sales in June (more)

• Dollar firms as commodities slide and carry unwinds (more)

• Oil prices rise as crude, fuel inventories seen shrinking (more)

• Asian stocks meander after US tech earns disappoint (more)

• China's quant funds suffer deep losses amid crackdown (more)

• Mutiny in the bond market as billionaires pick a debt fight (more)

• Alphabet’s revenue boosted by cloud computing, search ads (more)

• Boeing resumes deliveries of 737 Max airplanes to China (more)

• GM slows EV plans again even as sales grow (more)

• LVMH slumps 5% after second-quarter revenue miss (more)

• Musk launches poll asking if Tesla should invest $5 bln in xAI (more)

• Rivian to face trial in Tesla trade secrets theft case (more)

"How I 6X-ed My Wife's 401K in 1 Year"

At the peak of the dot-com boom, a former hedge fund manager put all $20,000 of his wife's 401k into shares of just ONE stock.

Everyone on Wall Street said he was crazy.

But a year later, that $20,000 in his wife's account was worth $120,000.

Today, he says: "If you thought the dot-com mania was intense, what's about to happen in the coming weeks could be even crazier and could open up a new window of opportunity for 500%-plus gains."

- sponsored message -

- We’re on a short break this week -
The Dealflow and Crypto sections
will resume on Monday 7/29.

BULLISH BITES

🇯🇵 Timing: Ex-banker behind $1.7 Trillion Japan rally says it’s just starting.

🚨 Rare Event: CNBC's ‘Prophet’ issues important Fed warning.

🤖 Futuristic: Mark Zuckerberg imagines content creators making AI clones of themselves

🤷🏻 Dilemma: Is Nvidia stock overvalued?

✈️ Unforgettable: How the ultra-wealthy travel in Paris.

DAILY SHARE

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