It’s a giant week of earnings, headlined by Alphabet and Tesla. The Day by day Breakdown dives into this week’s huge occasions.
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Monday’s TLDR
The alts carry on working
GOOGL, TSLA report earnings
Solana appears for extra momentum
What’s Occurring?
Bitcoin cooled off final week, slipping 1.5%, however continues to be holding above the breakout zone round $110K–$112K. Nonetheless, Ethereum and the alts are stealing the highlight.
ETH has risen in 12 of the final 13 classes, gaining almost 50%. Ripple hit file highs after clearing $3.40 and is now consolidating round that stage. Whereas Stellar hasn’t hit a brand new excessive — and dipped barely final week — it’s nonetheless up over 100% in July and is consolidating its features.
Solana, Shiba, Dogecoin, Bonk, Cardano and others are additionally shifting increased.
Earnings season is heating up. Massive names reporting this week embody Coca-Cola, AT&T, Chipotle, IBM, Honeywell, American Airways, and Intel. Notably, Tesla and Alphabet report Wednesday after the shut.
Tesla is the worst-performing Magnificent 7 inventory this yr, and bulls hope Elon Musk & Co. can spark a turnaround. However with the weakest 2025 earnings progress outlook within the group, that will clarify the inventory’s stoop.
Alphabet is down about 2% in 2025 however stays the most cost effective Magazine 7 inventory by ahead P/E. Traders are eyeing this quarter to reignite momentum.
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The Setup — Solana
Solana is beginning to acquire some steam, lately breaking out over the important thing $180 stage that has served as each help and resistance over the previous few quarters. As you possibly can see on the weekly chart beneath, this stage has been crucial for technical merchants.
From right here, bulls need to see SOL maintain up above this stage. If it could actually achieve this, the momentum might assist gasoline an additional push to the upside. Nonetheless, if Solana breaks again beneath the $180 stage, the current bullish momentum might wane and extra short-term draw back could also be within the playing cards.
What Wall Road Is Watching
VZ
Verizon is rallying this morning, up virtually 5% in pre-market buying and selling after the agency delivered a top- and bottom-line earnings beat as gross sales rose 5.2% yr over yr. Verizon bulls are hoping to snap the inventory’s eight-day dropping streak, whereas Verizon’s dividend yield was roughly 6.6% as of Friday’s shut. Try Verizon’s fundamentals.
NVDA
Nvidia continued its highly effective run on Friday, once more hitting one other file excessive. It did so alongside Microsoft, because the latter tries to turn out to be the second firm after Nvidia to hit a $4 trillion market cap — it’s at present sitting at $3.8 trillion. Nvidia is now up 28.4% thus far this yr and is up greater than 46% over the previous 12 months. Try Nvidia’s charts.
Disclaimer:
Please observe that attributable to market volatility, a number of the costs might have already been reached and situations performed out.
