Stephanie Link

$TSLA: misses across the board on EPS, revs, # of vehicles sold, FCF and automotive GM - which has not increased in over a year (price cuts). 2nd Q in a row of DD vols down and R&D spend up 18% higher than expected. Stock down small shows not a car company vs technology one.

$IBM: Beat EPS, revs and guided higher FCF. Software up 10%, Hybrid cloud up 16%, Consulting up 3% - 75% of TR. High expectations w stock up 29% YTD and 53% past year but fundamentals v solid. Opportunity during EPS season = Silly Season.

$LVS: Signs of life in Macau helped the EPS, revenue and EBITDA beat. Adj property EBITDA beat by 21% and Marina bay beat by 44%. Capex fell as the renovation cycle subsides.

$BAC raises dividend 8% and authorizes $40B buyback - deregulation on capital levels a nice tailwind.

$GEV: beat across the board w 12% organic growth. Impressive total orders of $12.4B which translates into a book to bill of 1.36x.

$ISRG: Beat TR up 21%, procedure growth up 17%, GM up 251 bps, eps up 23%. And guides higher across the board. Seriously - EPS = silly season.

Growing up I will admit he scared me. But learned to appreciate his craft over time. A pioneer. share.google/1lE9Di0AD5r9JE…

$DHI: up 16.9% today. The largest gain since April 2020. Doesn’t take much for the down and outers. Still like housing theme as a favorite for the next decade. Puts/takes until rates fall. When they do the group will be much higher. #patience

$DHI: ugly y/y numbers but beat on just about every metric relative to consensus and against very low expectations. Execution remains best in class in a tough sector.

AI and Cybersecurity continue to be the two biggest technology themes to have exposure in. $HACK etc. reuters.com/sustainability…

More news on the expansive data center growth - OpenAI $ORCL bloomberg.com/news/articles/…

Always a smart conversation with ⁦@CNBCClosingBell⁩ cnbc.com/video/2025/07/…

Good week on the economic front + solid start to earnings from banks & industrials - reactions are opportunities as EPS season is just "silly" season. $WFC $MS $BLK $MMM $GE $ABB $NFLX Good vibe while running this morning: Zara Larson - Don't worry bout me Have a good wknd!

$ABB: an important bellwether for US electrical, automation, industrials stocks. Stock up 8% post EPS w/ record quarterly orders & BTB of 1.10x. Revs up 10.1% from 9% Q/Q and also increased guide from LeGrand - another EU comp. $ETN $ROK $HUBB $VRT $WCC. #electrification

$GE: Solid beat on EPS, EBIT and 23% revenue growth with 23% margins. CES revs up 30% - supportive of the strong aerospace cycle with margins up 50 bps y/y and 40 bps sequentially. Ests up across the board and raised 2028 target on FCF to $8.5B. $BA $RTX

Very solid economic data this am: Retail Sales up .6%, Ex-auto up .5%, Weekly jobless claims 221K, Philly Fed up 15.9. Tame export/import prices. Supportive of 2 1/2% GDP growth with steadying inflation trends.

2Q bank EPS h/b solid: fees, provisions, effiencies & trading. Of big 6 $BAC is undervalued imo: $BAC & $GS similar ROTCE (13.4% and 13.6%) yet $BAC is now trading at a >.4x-turn multiple discount to GS on TBVPS (~1.7x vs. >2.1x). As an aside $MS ROTCE 18.2% impressive.

Great afternoon with my friends at the Money Show and @Convertbond and @PaulHickey. Great discussion led by @RealMikeLarson .

$WFC - we waited 7 years for the asset cap to be lifted so they would be able to see better growth. Now they want to focus on market share growth, deposits, capital markets - and the stock sells off on what it used to be. Offense vs Defense. I prefer the former.

Data Center theme alive and well: $META to invest "hundreds of billions of dollars into compute to build superintelligence," with several multi-GW data center clusters datacenterdynamics.com/en/news/meta-t…