“Celebrate The Moment”

There's a lot to celebrate, and yet the market is down. Let's talk about it.

Author

Kevin Travers
July 31, 2025

In partnership with

CLOSING BELL
“Celebrate The Moment” - Jim Cramer

Source: Tenor

After earnings blowouts from Microsoft and Meta, bulls expected to charge, but were once again met with sellers who pushed the major indexes lower. Figma’s IPO was a bull-fueled battle for shares, opening three times higher than it priced. 👀

Today's issue covers earnings from Amazon and Apple, the Figma IPO and what it says about the current dealmaking market, and more top movers.  📰

With the final numbers for indexes and the ETFs that track them, 3 of 11 sectors closed green, with $XLC ( ▼ 0.85% ) leading and $XLV ( ▲ 0.25% ) lagging.

S&P 500 Heatmap: Finviz

S&P 500 $SPY ( ▼ 1.39% ) 6,339

Nasdaq 100 $QQQ ( ▼ 1.33% ) 23,218

Russell 2000 $IWM ( ▼ 1.43% ) 2,212

Dow Jones $DIA ( ▼ 0.94% ) 44,131

STOCKS
Did Cramer Just Jinx The Bulls? 🤦 

For anyone following our media coverage over the last two weeks, the key theme I’ve been discussing is the market's lethargy at current levels. Yes, meme stocks and IPOs remain hot, but the market is not getting the same upward momentum as it had for the last 3.5 months from “good news.” And we see it playing out on Stocktwits. 🤔 

Take last night’s earnings beats by Microsoft and Meta, two of the most important companies in the global AI and tech race. Yes, those stocks soared after hours. But the broader market’s upside quickly faded today, and the major indexes closed red.

Jim Cramer's “Celebrate the moment” on X encapsulates the current environment, where there’s really not much to complain about. But we know the market is based on expectations. Although “goldilocks conditions” brought us here, the market is now looking ahead and expressing concerns about H2 2025. 😬 

Whether or not Cramer’s tweet will mark a “local top” remains to be seen. But the broader point that the market’s character has changed over the last few weeks is being discussed more and more by traders whose leading stocks have begun to stall or fall.

So far, this earnings season is a story of haves and have-nots. Expectations for most companies came in quite high, so it’s taking earnings/revenue beats and raised guidance to spark a meaningful rally. Those who have it are being rewarded. And those who don’t are being crushed. Below are some recent examples

Nevertheless, the IPO market boom continued today. Figma’s oversubscribed and demonstrably underpriced offering shows the strength of IPO demand at both the institutional and retail levels. 🤯 

Nearly 9,000 Stocktwits users are already following the stock and discussing it in real time on its first day of trade. Of the nearly 7,000 active investors and traders polled, 49% are buying shares for either a long-term investment or a short-term trade.

Apple and Amazon earnings weren’t enough to get things going after hours, and the Fed’s September cut is in jeopardy after a hotter-than-expected inflation print. Since the next upside market catalyst looks unclear, some investors and traders are using these excuses as a reason to take profits ahead of a seasonally weak Aug-Oct. 📆 

Time will tell if this is a temporary lull or the start of a deeper pullback. But for now, the bulls should continue to brace for short-term volatility as earnings progress.

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EARNINGS
Apples & Amazon Feel Wall Street’s Heat 🥵 

Google Cloud and Microsoft Azure's growth fueled optimism around Amazon’s AWS, and a rising stock price put the pressure on management to deliver. 🔥 

Earnings per share of $1.68 topped the $1.33 expected, while revenues of $167.7 billion beat estimates of $162.09. Its full-year revenue forecast also topped estimates.

Amazon Web Services (AWS) revenue rose to $30.87 billion, narrowly beating the $30.8 billion expected. Still, its 18% YoY growth rate lagging its peer group remains a concern. Advertising remained a bright spot, coming in at $15.7 billion vs. the $14.9 billion estimate. 🔺 

The issue arose with Amazon’s operating income guidance for the current quarter. It gave a wide range of $15.5 billion to $20.5 billion, while analysts were looking for $19.48 billion.

Amazon, like its peers, is investing tens of billions of dollars per quarter in artificial intelligence ($100 billion expected this year), but has been doing so while printing cash. A selloff in response to the short-term profit hit could indicate that investors are growing uncertain about whether these significant investments will pay off over the long term (or how quickly they may pay off). 😠 

Amazon shares are down roughly 7% after the bell. 🔻 

Meanwhile, Apple came into earnings best positioned for an upside surprise given its lackluster stock performance and general Wall Street narrative that the company is significantly behind competitors in AI.

With all the hubbub about its headwinds, the company still managed to post its largest revenue growth (+10% YoY) since December 2021. iPhone sales grew 13% YoY and China sales jumped 4% YoY after a Chinese subsidy for some devices helped its competitiveness in the region. 📱 

“Other products revenue” was the only line to miss expectations, with the other key metrics Wall Street looks at topping expectations by a healthy margin. And while tariff costs were $800 million during the June quarter, that was still less than the $900 million analysts expected.

Apple CEO Tim Cook also addressed Wall Street’s “AI issue” by saying Apple would “significantly grow” its AI investments and is “open to M&A that accelerates our roadmap.” 💵 

Shares are up roughly 2% after the bell, though with the market’s recent softness, that’s quite a win. We’ll see if the bulls bid it up in the days/weeks ahead, or if the uncertainty around its AI plan will continue to weigh on shares. 🤷 

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POPS & DROPS
Top Stocktwits News Stories 🗞️ 

Cigna fell 8% after a solid Q2 beat failed to outweigh worries over a slightly higher medical cost ratio, despite Wells Fargo reiterating its $341 target. Read more.

Applied Digital surged 30% after Q4 revenue topped estimates and management touted fresh CoreWeave capacity deals that could lift future income. Read more.

VF Corp dropped 8% as TD Cowen and BNP Paribas Exane cut price targets, pointing to shaky free-cash-flow prospects and tariff pressure. Read more.

Norwegian Cruise Line rose 10% after management highlighted a demand rebound and said its new six-acre Great Tides waterpark should boost bookings from 2026. Read more.

Ford added 1% after U.K. Export Finance guaranteed a £1 billion loan to support its push into smart, electrified vehicles. Read more.

Roblox climbed 10% after Q2 bookings jumped 51% on strong international growth and rising engagement from users over 13. Read more.

CVS edged up 0.4% after lifting its full-year EPS outlook while keeping a cautious eye on medical cost trends. Read more.

Carvana leaped 18% to a record high as multiple brokers raised price targets following a better-than-expected quarter and upbeat guidance. Read more.

Verizon ticked 0.8% higher after expanding its Staples partnership to roll out kiosks in 35 stores, broadening its retail reach. Read more.

Don’t miss a story! Follow @StocktwitsNews for a live feed in real time. ✍️ 

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Two Special Guests Crash Daily Rip Live 🥳 

Katie Perry, Shay Boloor, and special guests Howard Lindzon and Eric Satz, CEO of Alto IRA. It’s a heavy-hitting episode focused on Robinhood’s earnings, the role of crypto and prediction markets in fintech’s future, and the massive shift in how retail investors are accessing private markets. You don’t want to miss this one. 👇️ 

WHAT’S ON DECK
Tomorrow’s Top Things 📋

Economic data: Nonfarm payrolls (8:30 am), S&P Global Manufacturing PMI (9:45 am), Michigan Consumer Sentiment (10:00 am). 📊

Pre-Market Earnings: Moderna ($MRNA), Exxon Mobil ($XOM), Chevron ($CVX), Regeneron Pharmaceuticals ($REGN), Ocugen ($OCGN), Enbridge ($ENB). 🛏️

After-Hour Earnings: None — have a nice weekend. 🎧

P.S. You can listen to all of these earnings calls and more straight from the Stocktwits app or website. You’ll find them on the calendar page and individual symbol pages once they’re set to begin! We’ll see you there. 👍

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