The Weekend Rip
Happy Weekend!

Let's recap and prep you for the week ahead. 📝

◀️ Markets opened the week higher on Monday despite fresh 30% tariff threats on EU and Mexican goods. Analysts predicted these new tariffs would result in either a pause or a limited impact. Meta unveiled plans for multi-gigawatt AI server farms—one nearly the size of Manhattan—sending nuclear and data center stocks flying. Bitcoin surged past $123K, while Coinbase cooled after a record run. The EU signaled openness to negotiation before the August 1 tariff deadline.

🌏️ Markets dipped on Tuesday as inflation edged up to 2.7%, hinting at early tariff price climbs, but tech stocks surged on news that Nvidia can resume H20 GPU exports to China after receiving informal U.S. approval. The reversal could recover up to $15B in lost revenue. AMD also received clearance to ship chips, easing pressure on the sector. Big banks kicked off Q2 earnings season with strong trading revenue: JPMorgan beat estimates, while Citi hit a 17-year high on a $4B buyback and 25% profit growth. Wells Fargo missed and lowered guidance, and BlackRock fell despite beating EPS. Retail sentiment soured on small caps, with $IWM hitting its most bearish level since April. Meanwhile, Trump announced a trade deal with Indonesia, lowering tariffs to 19% from 32% and securing $15B in energy, $4.5B in agriculture, and 50 Boeing jets.

⚡️ Markets closed higher on Wednesday, despite a morning tech slump, as a second wave of strong bank earnings lifted sentiment. Goldman Sachs posted a standout quarter, breaking trading revenue records on market volatility, while Morgan Stanley, PNC, and Bank of America also exceeded expectations. Johnson & Johnson boosted its 2025 guidance and slashed tariff cost projections. After the bell, United Airlines and Alcoa delivered solid reports, though UAL slipped post-market. The Fed’s Beige Book revealed modest growth and rising price pressure across all districts, with analysts warning that inflation may remain elevated into 2027. Crypto stocks climbed on fresh policy progress, while Bitmine spiked following a Peter Thiel stake disclosure.

🐂 Markets hit fresh highs Thursday as the S&P 500 crossed 6,300 and the Nasdaq closed at a record, powered by strong retail sales, falling jobless claims, and blockbuster earnings. TSMC posted a record quarterly profit on surging AI chip demand, while PepsiCo beat expectations. The House passed the GENIUS Stablecoin Bill, marking the first major U.S. crypto legislation. Netflix beat earnings but dipped post-market on margin concerns, and Uber announced a $300M robotaxi deal with Lucid and Nuro to deploy 20,000 autonomous EVs starting next year.

😢 Markets closed narrowly lower Friday despite fresh records earlier in the day, capping off a strong first week of earnings season. Invesco rose after proposing changes to its QQQ fund that could lower investor fees. Chevron’s acquisition of Hess fueled speculation about potential new additions to the S&P 500, and names like Robinhood, Carvana, and AppLovin climbed. Block was the ultimate winner. Trump signed the GENIUS Act, which boosts crypto policy clarity but triggers a selloff in public crypto stocks. Consumer sentiment reached a five-month high, while inflation expectations continued to decline. Fed commentary was split, with Waller hinting at rate cuts and Kugler urging patience.

🤩 This week's Stocktwits Top 25 showed outperformance vs. the indexes.

Here are the closing prices: 

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THE BRIEF

Need a concise summary of what's going on this week? Look no further. Here’s a rundown of this week’s earnings and economic data.

Earnings This Week

Earnings season is well underway, with over 486 stocks reporting this week. There are too many to fit into the chart, but here are some Stocktwits favorites:

Above is a quick summary. Check out the full Stocktwits earnings calendar for the other names reporting this week.

Economic Calendar

It’s a busy week of economic data, with investors focused on Fed Speak.

In addition to the above, check out this week's complete list of economic releases.

Links That Don’t Suck 🌐

🧑‍✈️ No signs of consumer rot in US markets — for now

🆘 In recent layoffs, AI’s role may be bigger than companies are letting on

😘 Astronomer CEO Andy Byron resigns after viral Coldplay ‘kiss cam’ controversy

✈️ 'Earnings misses are going to get punished more than usual': Wall Street raises the stakes as stocks hit records 

⚠️ Tesla, Alphabet highlight earnings rush as market hovers near record highs: What to know this week

*3rd Party Ad. Not an offer or recommendation by Stocktwits. See disclosure here.

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