The Transcript

A rich week in earnings next week with Alphabet, Coca-Cola, Intel and Tesla among those reporting: $GOOGL $TSLA $NOW $IBM $HON $TXN $NEE $CME $PG $KO $LMT $APH $TMO $RTX $ROP $DPZ $NXPI $FISV $CB $T $SAP $FCX $CNP $VZ $INTC $ORLY $URI $CCI

$TSM TSMC CEO: "Our first fab in Arizona has already successfully entered into high-volume production in 4Q 2024, utilizing N4 process technology with a yield comparable to our fab in Taiwan. "

Tesla and Alphabet lead a very busy day tomorrow in earnings. Before Open: $GEV $FCX $T $NEE $HAS $FI $LW $APH $TMO $BSX $TDY $GD $CME After Close: $TSLA $GOOGL $NOW $IBM $ORLY $CMG $ALK $MOH $URI $LVS $PKG

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These earnings calls are going to be interesting $GOOGL: Tomorrow: $META: Next Wednesday

$PYPL CEO:

Analysts pressed on cautious tone shift with the management pointing to tariff-driven Q2 spike: “When there’s a change like tariffs, customers may order more... Q2 likely a combo of pull-ins and recovery..Q2 ran a little hot...that’s why we’re being cautious in Q3” - $TXN CEO

SAP CFO: "We achieved a very good Q2, with accelerating total revenue growth, strong profitability and free cash flow. Our performance was supported by continued customer demand and disciplined cost control" $SAP: -2% AH

EQT double beat CEO: "We are seeing tremendous momentum for in-basin natural gas power and data center demand..." $EQT: +1% AH

$ENPH: -5% AH

Texas Instruments double beat but disappoints on guidance. CEO "Revenue increased 9% sequentially, led by continued broad recovery in industrial, and 16% from the same quarter a year ago" $TXN: -8% AH

$NVDA $TSLA

Intuitive Surgical double beat "The higher Q2 25 revenue was driven by growth in da Vinci procedure volume, higher da Vinci system placements, and an increase in the installed base of systems." $ISRG: -2% AH

Alphabet CEO: "Waymo is now safely serving over a quarter of a million paid passenger trips each week. That's up 5x from a year ago" $GOOG $GOOGL

$AA CEO jokes about brief interaction with Trump in Saudi Arabia during tariff advocacy push “I even had a very, very brief discussion with President Trump while I was in Saudi Arabia... we’re talking like a 15-second discussion"

$ALLY CFO: "....30-plus day all-in delinquencies of 4.88% represents the first year-over-year improvement in delinquency rates since 2021, a positive inflection point for credit performance."

$TSLA earnings tomorrow after markets close: