🔔 Earnings extravaganza

Good evening. Today is all about earnings (lots of them). We cover them at a glance, but if you want to go deeper, Earnings Hub has the full breakdown. One standout was Alphabet, Google’s parent, which crushed it and gave tech stocks a lift.

⬆︎⬇︎ 1-day change
Market data: today’s market close

WINNERS

⬆︎4.25% American Eagle

Meme madness week continues. The teen fashion staple dropped a cheeky denim campaign starring Sydney Sweeney in full-on jeanwear. It caught fire online (and on Reddit), turning the heavily shorted, struggling stock into an overnight meme darling. [Read more]

⬆︎3.68% Blackstone

🔔 Earnings report - Money keeps rolling in. The private investing heavyweight had a strong quarter powered by its credit and private equity businesses. It pulled in $52 billion in new money, pushing assets under management to $1.2 trillion. A big boost came from long-term funds that don’t have fixed end dates, driving a jump in performance-related fees. [Read more]

⬆︎0.88% Alphabet

🔔 Earnings report - The Google parent crushed it last quarter. Strong cloud and search results were the stars of the show—so strong that the company’s now upping its spending plans to $85 billion for the year (up from $75B). Analysts were especially encouraged by better monetization from search and tools like Gemini and AI Overviews are gaining traction fast. [Read more]

⬆︎⬇︎ 1-day change
Market data: today’s market close

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LOSERS

⬇︎4.76% UnitedHealth

Not the first time UnitedHealth has faced scrutiny this year. America’s largest private health insurer just confirmed it’s under DOJ investigation over how it bills Medicare. The company says it reached out to the feds first and is cooperating fully, while also launching its own third-party review. [Read more]

⬇︎7.62% IBM

🔔 Earnings report - One weak spot was all it took. IBM, the legacy tech giant making a big AI push, actually delivered stellar Q2 results and even raised its outlook. Hybrid cloud, consulting, and infrastructure all came through strong. But the software division (arguably its most important) didn’t quite live up to the hype. Investors were hoping for faster growth there. [Read more]

⬇︎8.20% Tesla

🔔 Earnings report - Tesla’s rough patch continued in Q2, with earnings and sales both taking a noticeable hit. Between the looming end of the $7,500 EV tax credit, constant price cuts, tough competition from China’s BYD, and growing backlash around Elon Musk’s politics, demand is clearly under pressure. Musk downplayed the financial slide and instead hyped up robotaxis and humanoid robots, but it’s unclear when, or if, those bets will pay off. [Read more]

⬇︎9.62% American Airlines

🔔 Earnings report - Buckle up, it’s going to be a bumpy ride. The legacy carrier posted a drop in Q2 profit and warned it could even lose money later this year if demand doesn’t hold up. Weather disruptions and rising wages pushed up expenses, while premium seats and international leisure travel still brought in solid revenue. [Read more]

⬇︎13.34% Chipotle

🔔 Earnings report - Hard to swallow. Chipotle just posted another quarter of falling sales and cut its full-year outlook (again). The company pointed to a pullback from low-income customers and admitted it hasn’t done a great job communicating its value. Now it’s hoping new dips like Adobo Ranch, more sides, and loyalty perks can help bring people back in the second half of the year. [Read more]

⬇︎17.45% Dow

🔔 Earnings report - Weak demand across all its business lines, especially in packaging, plus falling prices have hammered earnings. To save cash, the chemicals and plastics company is cutting more jobs and closing plants. But the bigger headline? It's slashing its dividend in half. [Read more]

⬆︎⬇︎ 1-day change
Market data: today’s market close

EXTRA

THE END

That’s it for today’s recap. We hope you found it valuable.

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