July 18

 

Markets Overview (Pre-Market)

• NASDAQ 100 & S&P 500 Futures: Slight gains of 0.1%, continuing a recent uptrend.

• 10-Year Treasury Yield: 4.42%.

• Gold: Up 0.6% to $3,300.64/oz.

• Crude Oil: Up 1.1% to $66.94/barrel, but still flat for the year based on USO ETF.

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Upcoming Data

• University of Michigan Consumer Confidence (July preliminary): Expected at 61.4, up from 60.7 in June.

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Crypto Regulation News

• Crypto Week: Congress passed the Genius and Clarity Acts for crypto regulation.

• Anti-CBDC Act: Passed to prevent a Federal Reserve–issued digital currency.

• Bills pending President Trump's signature.

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Earnings Highlights

Netflix (NFLX)

• Stock down 2% after-hours.

• EPS beat by $0.12.

• Sales growth: 16%.

• Margins may tighten in H2.

• Raised full-year guidance: $44.8B–$45.2B.

• Strong content lineup and ad-tier subscriber growth.

Interactive Brokers (IBKR)

• 8 straight quarters of double-digit revenue & earnings growth.

• Breakout chart pattern noted.

• Chairman optimistic on crypto, prediction markets, and retail investor activity.

American Express (AXP)

• EPS: $4.08 (vs est. $3.89), up 17%.

• Revenue: $17.86B, slight beat.

• Pre-market: up ~1–2%.

3M

• EPS: $2.16 (vs est. $2.01).

• Revenue: $6.16B, beat by $50M.

• Stock up 2% pre-market.

Union Pacific (UNP)

• Exploring merger with Norfolk Southern (NSC).

• May boost Dow Jones Transport Index.

Chevron (CVX) & Hess (HES)

• CVX up 3%, HES up 7% after court win against ExxonMobil over Guyana assets.

• Boosts chances Chevron will acquire HESS.

SLB (Schlumberger)

• Revenue down 6% to $8.55B.

• EPS: $0.74, down 13% YoY.