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Second Quarter Earnings Season Update: Banks Beat
Second Quarter Earnings Season Update: Banks Beat

Forbes

time9 minutes ago

  • Business
  • Forbes

Second Quarter Earnings Season Update: Banks Beat

Banks provided a strong start to the second quarter earnings season. During this busy earnings week, ... More the crucial technology companies begin to report, including Google's parent, Alphabet. (Photo by Smith Collection/Gado/Getty Images) The second-quarter earnings season kicks into gear this week. 110 S&P 500 companies are scheduled to report, with more banks but also expanding to other industries. Notable companies scheduled to release earnings include: Domino's Pizza (DPZ), Coca-Cola (KO), ServiceNow (NOW), United Rentals (URI), and Intel (INTC) Earnings Season At A Glance As forecasted in last week's earnings preview, the banks got the earnings season off to a strong start. According to FactSet, a robust 83% of S&P 500 companies are reporting earnings above the consensus estimates. S&P 500 Earnings Season Summary Earnings Estimates Summary Companies reporting and combining actual results with consensus estimates for companies yet to report, the S&P 500's blended earnings growth rate for the quarter is at 5.6% year-over-year, above the 4.9% expectations at the end of the quarter. Notably, the expected earnings growth rate for calendar year 2025 is 9.3%, and for 2026, the expectations are at 14.0%. S&P 500 Earnings Estimate Summary Market Performance The S&P 500 rose modestly last week. The Magnificent 7, consisting of Microsoft (MSFT), Meta Platforms (META), (AMZN), Apple (AAPL), NVIDIA (NVDA), Alphabet (GOOGL), and Tesla (TSLA), outperformed. Market Returns Magnificent 7 Because these companies are critical drivers of earnings growth and a significant percentage of the S&P 500's market capitalization, the Magnificent 7 remains the group to watch this earnings season. According to FactSet, the Magnificent 7 should experience 14.1% year-over-year earnings growth for the quarter, compared to 3.4% for the other stocks in the S&P 500. The first of the Magnificent 7 is scheduled to report results this week, with Tesla (TSLA) and Alphabet (GOOGL) after the close on Wednesday. Tesla enters the week with low expectations, but Alphabet is expected to report robust earnings growth. The details for Alphabet will be necessary, as the stock has been held back by worries that artificial intelligence (AI) will disrupt their search business. While this disruption seems inevitable, the ability of Google to monetize AI-driven search will be crucial. Magnificent 7: Q2 Estimated Earnings Growth Earnings Insights By Sector Positive earnings surprises from the financial sector were the most significant contributor to the improved earnings picture. Better-than-expected earnings from JPMorgan Chase (JPM), Travelers Companies (TRV), Wells Fargo (WFC), Citigroup (C), and Goldman Sachs (GS) were the most significant contributors last week, according to FactSet. Earnings Growth Estimates By Sector Sales growth is closely tied to nominal GDP growth, which combines after-inflation economic growth (real GDP) with inflation. Following better-than-expected data last week, sales growth of 4.4% is ahead of the 4.2% year-over-year expectation at the end of the quarter. If the estimates of second quarter nominal year-over-year GDP growth of 4.7% are correct, there could be further upside to sales growth. Better sales results in the financial and healthcare sectors were the most significant driver of the improvement in expected revenue growth last week, according to FactSet. Sales Growth Estimates By Sector Dollar Weakness Versus Tariff Drag The US dollar weakened relative to the same quarter in the previous year. On the margin, this should benefit companies' international earnings. According to FactSet, 41% of S&P 500 sales are from international sources. Goldman Sachs estimates that a 10% depreciation in the US dollar increases S&P 500 earnings per share by 2-3%. Furthermore, companies tend to have an easier time outperforming consensus sales growth estimates during periods of US dollar weakness. Notably, the technology sector has the highest international sales exposure of all the S&P 500 sectors. US Dollar Weakness What To Watch Next Week Earnings should be the main event next week. There are some economic releases scheduled, but all are likely second-tier barring a considerable surprise. The better-than-expected retail sales report last Thursday provided more evidence that the US economy remains resilient despite the tariff increases, which drove the betting odds of a 2025 recession even lower. Betting Odds Of 2025 US Recession Despite noting that he is unlikely to fire Federal Reserve Chair Powell, President Trump continues to pressure him and refuses to rule out the possibility if fraud is involved. This conflict has the potential to add market volatility, with betting markets indicating a 21% chance of Powell's removal. Betting Odds Of Fed Chair Powell's Removal News about the administration's trade negotiations and new tariff announcements will continue to be a focus. Significant new tariffs are currently scheduled to take effect on August 1, unless an acceptable trade agreement is reached. The Financial Times reported that President Trump was considering tariffs of 15-20% on imports from the European Union, an increase from the current 10% baseline tariff.

What To Expect in Markets This Week: Tesla, Google Lead a String of Big Earnings Reports
What To Expect in Markets This Week: Tesla, Google Lead a String of Big Earnings Reports

Yahoo

time2 hours ago

  • Automotive
  • Yahoo

What To Expect in Markets This Week: Tesla, Google Lead a String of Big Earnings Reports

Key Takeaways Tesla earnings are scheduled for Wednesday as the EV maker's sales falter; other tech companies set to report this week include Google, Intel, and IBM. Investors are also set to hear from Coca-Cola, General Motors, Verizon Communications, and HCA Healthcare this week. New and existing home sales for June will illustrate the state of the housing market. Jobless claims and durable goods orders data will also be earnings will dominate business headlines this week, with reports from a range of major U.S. corporations expected. Tesla, Google, Intel, Verizon Communications, and Coca-Cola lead the companies on the earnings calendar. They'll arrive after a trading week in which the S&P 500 edged higher and the Nasdaq set closing highs on five straight days. Tesla's results will be watched for a range of reasons, including questions about the health of its core auto business but also CEO Elon Musk's public profile and its recent robotaxi launch. Consumer and industrial goods makers are also set to report, along with energy and health-care companies. New and existing home sales data for June will give insight into whether poor sales continue in the housing market. Read to the bottom for our calendar of key events—and one more thing. Tesla, Alphabet Lead Packed Earnings Calendar Tesla's (TSLA) report, due Wednesday, comes amid headlines about analyst downgrades, declining sales, and executive departures at the EV maker, whose shares have slid close to 20% this year. UBS analysts recently said the company's shares were "fundamentally overvalued." The EV maker has reported weakening sales, especially in Europe, while recently unveiling its long-awaited robotaxi system. Musk has continued to spar with President Donald Trump, even suggesting that he might create a new political party. Google parent Alphabet (GOOG) is also lined up to report Wednesday. Investors will be looking for updates on the search giant's AI plans. Intel's (INTC) scheduled earnings release the next day comes amid layoff announcements for the struggling chipmaker, while new CEO Lip-Bu Tan considers a shift in the manufacturer's contract chip-making business. GE Vernova (GEV) earnings could give insight into the energy demands of new AI facilities. Verizon (VZ) may show signs of improving its subscriber base when it reports on Monday; AT&T (T) is also scheduled to report this week. Coca-Cola (KO) and General Motors (GM) earnings could provide insight into how tariffs are affecting U.S. businesses. HCA Healthcare (HCA) closes the week with earnings set for Friday as the hospital operator grapples with a data breach. Home-Sales Data May Reflect Market Struggles Home sales have languished under elevated mortgage rates, high housing prices, and limited inventory. While existing home sales improved in May, the annual sales level of about 4 million still hovered near historically low levels. Investors will be watching to see if Wednesday's release of June data shows any improvement. The next day, new home sales data is set to be released; that piece of the housing market has produced improved results on greater inventory levels. Investors will also be following initial jobless claims on Thursday. Durable goods orders, due Friday, provide a barometer for the manufacturing sector. Scheduled remarks from Fed Chairman Powell and Gov. Bowman on Tuesday are part of a Fed banking conference. They occur during the blackout period before the Fed's next meeting, so they may avoid addressing interest rates. OpenAI CEO Sam Altman is also expected to speak at the event. Quick Links: Recap Last Week's Trading | Latest Markets News This Week's Calendar Monday, July 21 Leading economic indicators (June) Key Earnings: Verizon, NXP Semiconductors (NXPI), Roper Technologies (ROP), Domino's Pizza (DPZ) Tuesday, July 22 Federal Reserve Chair Powell and Gov. Bowman speak at a Fed banking conference Key Earnings: SAP (SAP), Coca-Cola, Philip Morris (PM), Texas Instruments (TXN), RTX Corp. (RTX), Intuitive Surgical (ISRG), Lockheed Martin (LMT), Sherwin-Williams (SHW), Capital One Financial (COF), Northrop Grumman (NOC), General Motors (GM) Wednesday, July 23 Existing home sales (June) Key Earnings: Alphabet, Tesla, International Business Machines (IBM), T-Mobile US (TMUS), ServiceNow (NOW), AT&T, Thermo Fisher Scientific (TMO), NextEra Energy (NEE), Boston Scientific (BSX), GE Vernova (GEV) Thursday, July 24 New home sales (June) Key Earnings: Honeywell International (HON), Union Pacific (UNP), Blackstone (BX), Intel More Data to Watch: Initial jobless claims (Week ending July 19), S&P Flash US PMI (July) Friday, July 25 Durable goods orders (June) Key Earnings: HCA Healthcare, Aon (AON), Charter Communications (CHTR), Phillips 66 (PSX), Booz Allen Hamilton (BAH) One More Thing The 'One Big, Beautiful Bill' introduced several new tax deductions, some which will apply to the money you're making this year. Investopedia's Elizabeth Guevara looked at how the budget legislation will change tax benefits for many filers, including those making tips, earning overtime pay, or paying interest on auto loans. Read more here. Read the original article on Investopedia Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Dell Black Friday in July sale — 15 back to school deals I recommend now
Dell Black Friday in July sale — 15 back to school deals I recommend now

Tom's Guide

time5 hours ago

  • Business
  • Tom's Guide

Dell Black Friday in July sale — 15 back to school deals I recommend now

Heading back to campus is probably the last thing on your mind right now. However, July is a great month for back to school laptop sales. Sure, you'll see laptop deals throughout the entire summer, but one of my favorite annual sales is happening right now. The Dell Black Friday in July sales event is still going strong and although I'm normally skeptical of "Black Friday in July" sales, Dell's sale has a lot to offer. For example, right now Dell laptops are on sale from $249. Meanwhile, if you need a new display, Dell monitors are on sale from $113. My favorite deal of the moment is the XPS 13 laptop on sale for $749 at Dell. It's an epic price for a machine that houses a Snapdragon X Elite CPU, 16GB of RAM, and a 512GB SSD. If you need a new monitor, check out the Alienware 27-inch QD-OLED 4K Gaming Monitor on sale for $599. That's $300 off its regular price. Below I've rounded up all of my favorite Dell Black Friday in July sales happening now. For more deals, check out our Dell promo codes coverage. This laptop is an awesome pick for anyone looking for a mainstream machine that packs a strong punch. It's equipped with an Intel Core 5 120U CPU, 16GB of RAM, 1TB of SSD storage, and a 14-inch FHD+ (1920 x 1200) display. Save on the Inspiron 16 Plus, decked out with Intel's powerful Core Ultra 7 256VH CPU, integrated Intel Arc graphics, 16GB of RAM, and 1TB of SSD storage. This laptop is especially a great pick for students, as it's relatively affordable and well-equipped to last for years. Plus, after your work is done for the day, you can stream your favorite shows on its 16-inch 2.5K (2560 x 1600) display. Save big on this Snapdragon X Plus-powered laptop, which packs improved battery efficiency and top-tier AI processing. In addition to its X1P-42-100 CPU, this XPS 13 configuration is also equipped with 16GB of RAM, 256GB of SSD storage and a 2K 13.4-inch 120Hz display. In our Dell XPS 13 2024 review, we praised this laptop's amazing 19+ hours of battery life. Save big on this ultra-powered laptop, which packs improved battery efficiency and top-tier AI processing. In addition to its Core Ultra 7 CPU, this XPS 14 configuration is also equipped with 16GB of RAM and 512GB of SSD storage. You also get a 2K 14.5-inch 120Hz display. With a $1,200 discount, you can now grab this beefy Alienware x16 R2 gaming laptop without breaking the bank. Sporting an Intel Core Ultra 9 185H CPU, an Nvidia GeForce RTX 4080 GPU, 32GB of RAM, a 1TB SSD, and a neat 16-inch QHD+ 240Hz display, you bet it can make any game you throw at it look spectacular. Save $450 on one of Dell's reliable XPS laptops. This particular configuration boasts an efficient Intel Core Ultra 7 155H CPU, 16GB of RAM, 1TB SSD, and an RTX 4050 GPU. You also get a sharp 16.3-inch 2K display. With these specs, you can easily hoard tabs, multitask, edit videos, and even play a few casual games if you'd like. The Alienware 16 Area 51 Laptop is a new 2025 machine powered by Nvidia's new RTX 5070 Ti GPU. This configuration also features an amazing 16-inch WQXGA (2560 x 1600) 240Hz LCD, Core Ultra 9-275HX CPU, 32GB of RAM, and a 1TB SSD. Yes, it's pricey, but this is one of the first discounts we've seen on Alienware's just-released laptops. Dell's mainstream all-in-one just got an impressive price cut. It packs a Core i3 CPU, 8GB of RAM and a 512GB SSD. The screen is also sizable at 23.8 inches with a 1080p resolution. This Dell Tower PC is a great addition to your desktop. It sports an Intel Core Ultra 7 265 processor with 16GB RAM and a 1TB SSD. It also sports a sleek new look with plenty of ports on board. This Alienware Aurora packs a Core Ultra 7-265F CPU, an RTX 4060 GPU, 16GB of RAM, and a 1TB SSD for storage. It's a great gaming PC for casual gamers that will run the best PC games with aplomb. One of the best gaming PCs we've reviewed just got a massive discount during Dell's sale. The new Alienware Aurora R16 packs a Core Ultra 9 CPU, 32GB of RAM, 2TB SSD and an Nvidia GeForce RTX 4060 Ti GPU. In our Alienware Aurora R16 review, we said the Editor's Choice rig is a gaming powerhouse with powerful components and enhanced cooling technology. It's a modest discount, but the Alienware AW2524HF is a solid monitor if you're short on cash. You get a 25-inch 1080p screen with 360Hz refresh rate, 1m response time, and HDMI/DisplayPort connectivity. AMD FreeSync Premium support also means tear-free and stutter free gameplay. The Dell S3222DGM is a popular 32-inch gaming monitor. This particular model features a 1440p screen with a 165 Hz refresh rate, making it an excellent choice for mid-range gaming PCs. You can hook it up via DisplayPort or HDMI, so it's suitable for all different kinds of GPUs. This amazing display is one of the best gaming monitors you can buy. Its 21:9 aspect ratio gives you a wider field of view in games — particularly useful for first-person shooters — and ultrawides remain great for productivity tasks, too. In our Alienware AW3423DWF gaming monitor review, we said its slew of excellent features and sub $1,000 price make it one of the best curved gaming monitors available. This Alienware OLED will look great in any setup. Thanks to its quantum dot technology, this display gets brighter than traditional OLED panels. With support for AMD FreeSync premium, impeccable screen uniformity and that stunning 2560 x 1440 display, this is simply an incredible gaming monitor.

There's one GPU I keep recommending this year, and it's not from Nvidia
There's one GPU I keep recommending this year, and it's not from Nvidia

Digital Trends

time17 hours ago

  • Digital Trends

There's one GPU I keep recommending this year, and it's not from Nvidia

As a PC hardware journalist, I've had the chance to test some of the best graphics cards. Those I didn't test, I've still read countless reviews about, as GPUs are my main area of interest. As a result, I'm often asked which GPU to buy for this or that use case, and I always treat those recommendations very seriously. After all, graphics cards are anything but cheap right now. I won't lie to you — this has been a rough year for the GPU market at large, and there aren't many cards that I truly swear by. However, one quite unexpected gem has emerged as the GPU I've recommended the most this year, and it's probably not the one you think. The little GPU that could Without further ado, the GPU that I keep recommending is Intel's Arc B580 — but before I tell you why, let me give you a bit of background first. Recommended Videos Firmly playing from the position of an underdog, Intel followed up its first-gen Arc Alchemist lineup with Battlemage in December 2024, revealing the Arc B580 and the Arc B570 at the same time. And, while the enthusiasts were certainly watching, many gamers were not. Nvidia dominates the GPU market, with AMD trailing behind; meanwhile, Intel doesn't have a large volume of graphics cards, and it also had a rocky launch in the previous generation. Intel had its work cut out for it with the launch of Arc Alchemist, and unfortunately, the lineup was not completely free from issues. Delayed multiple times and riddled with driver problems at launch, Arc Alchemist didn't get to shine bright until later on in the generation. Intel's driver team had done a tremendous job improving Alchemist and making it a reasonable option when compared to its AMD and Nvidia counterparts. It's the uphill climb of Arc Alchemist that made me hesitant about Battlemage, but I still watched with interest — and I was right. Intel absolutely proved that it could release a fantastic product with the Arc B580, and at a mere $250, too. Nvidia's and AMD's counterparts were priced at $300 and up. In our benchmarks, the Arc B580 outclassed Nvidia's RTX 4060 at 1080p, proving to be around 9% faster. This is a fantastic result, but the B580 arrived on the market shortly before Nvidia's RTX 50-series started rolling out at CES 2025. Intel also managed to beat its own last-gen flagship, the Arc A770, at a lower price. Although Intel advertises the B580 as a 1440p graphics card, most gamers who are buying a $250 GPU are in the 1080p bracket. Still, the B580 puts up an impressive fight at 1440p, beating last-gen's Arc A750 by 50% and Nvidia's RTX 4060 by a massive 18%. Of course, both AMD and Nvidia now have newer generations to compete against Intel, but Intel's Arc B580 still has a place in current lineups. There's a reason why Intel is consistently solid, and why I've recommended it to many people this year. Outside of pure performance, the reason lies in VRAM. The VRAM debate never seems to end Intel has a major advantage over Nvidia and AMD cards at the same price point — it offers 12GB of VRAM over a 192-bit memory bus. Meanwhile, no matter if you stick to the previous generation or the current one, you'll find the mainstream bracket littered with cards with 8GB of VRAM across a 128-bit interface. And slowly, gamers are starting to push back. Unlike many journalists, I won't tell you that GPUs with 8GB VRAM are no good at all — I believe that they still have their place in the graphics card market, for now. I personally know many gamers who aren't too tuned into the nitty-gritty of it all and are happy to just have a graphics card that works well enough. Those people won't notice the difference between, say, 40 frames per second (fps) and 50 fps as much as enthusiasts will. But for people like me, who like to dig deep into benchmarks and want to play at high settings, 8GB is starting to feel a little limiting. Still, if you wanted more than 8GB VRAM, you'd have to scale up to the RTX 5070 or the RTX 5060 Ti for Nvidia, or the RX 9060 XT 16GB for AMD in this current generation. All of those are significantly pricier than Intel. Intel's Arc B580 gives you a shocking amount of future-proofing with its robust memory interface. This shows in our 1440p benchmarks, and it'll likely stay the same as time goes on and more and more games call for more VRAM. I suspect that Intel's $250 GPU will stand the test of time. There's only one problem. One major caveat When asked about a cheap, but solid GPU, I consistently convince my friends and colleagues to try out the Arc B580. I've been endlessly impressed with it since launch, and despite the arrival of newer cards from AMD and Nvidia, I still think that the B580 remains a great deal. The caveat? You need to buy it at MSRP, and that can be a problem. When bought at the $250 launch price, Intel's Arc B580 is a steal. But some models sell for well over $350, and at that price bracket, adding an extra $100 completely shifts the performance-per-value aspect of this card. Spending $350 gets you the RTX 5060, but more importantly, adding another $30 currently gets you the AMD Radeon RX 9060 XT, which sports 16GB VRAM and is faster than the Intel Arc B580. At that price point, Intel no longer makes as much sense. I've seen Intel's Arc B580 go for over $400, and at those times, my best piece of advice was to wait for the price to drop. Fortunately, although some models are still drastically overpriced, the Onix Lumi Arc B580 is $270 right now. It's not quite the MSRP, but it's close enough that I can confidently say that it's worth it. If you want a GPU that does the job at 1080p and can work well at 1440p once you tweak the settings a little bit, and you don't want to spend a fortune, don't shy away from Intel. While niche when compared to Nvidia, Intel's graphics division continues doing a good job, and the Arc B580 deserves to be considered when shopping for a mainstream GPU.

This Lenovo Laptop (Intel i7, 40GB RAM, 1TB SSD) Is Nearly Free, Amazon Slashes 73% Off to Clear It Out
This Lenovo Laptop (Intel i7, 40GB RAM, 1TB SSD) Is Nearly Free, Amazon Slashes 73% Off to Clear It Out

Gizmodo

time20 hours ago

  • Business
  • Gizmodo

This Lenovo Laptop (Intel i7, 40GB RAM, 1TB SSD) Is Nearly Free, Amazon Slashes 73% Off to Clear It Out

Back to School offers are coming earlier than ever on Amazon this season. One of the best deals is on a Lenovo IdeaPad, a laptop that delivers decent performance with the kind of configuration reserved for far pricier machines. Right now, Amazon is offering this Lenovo IdeaPad laptop (Intel i7-13620H, 40GB DDR5 RAM, 1TB PCIe SSD) for $799, from its typical price of $2,999. That is an massive 73% discount which is a record-low. See at Amazon Internally, it features a 13th Gen Intel Core i7-13620H processor that is designed to deal with heavy loads. With 10 cores and 16 threads, the processor is ready for everything from coding and data science to streaming. Operating at a base clock of 2.4GHz, it can boost up to 4.9GHz which is more than enough for multitasking demanding apps. The AI capabilities of Intel's latest generation chips translate into reliable performance over long hours. It also comes equipped with a huge 40GB of DDR5 RAM and a 1TB PCIe SSD. The RAM is also a big advantage to heavy users who want to have dozens of browser windows, documents or art software on at the same time without a problem. The 1TB SSD provides quick file transfers and quick boot times and also has ample space for all your project files. The 16-inch IPS display makes this a capable instrument for many everyday applications. The anti-glare coating prevents eye fatigue during prolonged sessions, with crisp images whether viewing images, watching lectures, or navigating spreadsheets. The 720p webcam is a requirement in the modern digital age and features a physical shutter for immediate privacy—perfect for online classes or business calls. There is also strong connectivity here with a full complement of ports such as USB-C, USB-A, HDMI, headphone/mic jack, SD card reader, and power connector. This makes it easy to connect to monitors, peripherals, projectors and accessories. The included full-size keyboard and dedicated number pad make working far more comfortable which is perfect if you're spending many hours typing each day. You'll get Windows 11 Pro preloaded and offers advanced productivity and security features right out of the box. That's especially useful if you're managing confidential files or simply want a stable and up-to-date operating system for studying, creating, or running a business. With specs like these meeting such an unbeatable price, this is one deal to jump on before it's gone. See at Amazon

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