The Weekend Rip
Happy Weekend!

It was a beautiful week for tech earnings, excitement, and meme stock climbs, not to mention some political TV. No matter what happened, the market climbed, and individual names flew every day at open on retail excitement. Next week will be a deluge of reports, including those from huge tech names. Let it rip. 

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

◀️ Markets opened the week with fresh record highs on Monday and meme stocks stole the spotlight. Opendoor $OPEN ( ▲ 4.96% ) surged on retail hype and speculative math from EMJ Capital’s Eric Jackson, briefly accounting for over 16% of Nasdaq volume. The rally pulled in familiar names like Rocket and GameStop before a late-day dip and halt. Meanwhile, SentinelOne $S ( ▲ 0.46% ) jumped on a buyout rumor from Palo Alto Networks, though the latter denied talks. Investors braced for a heavy earnings week with Tesla, Google, and IBM set to report on Wednesday. Amid the noise, Trump Media’s $2B Bitcoin bet drew skepticism, while Fed Chair Powell faced new scrutiny from lawmakers.

🌏️ Retail sentiment ping-ponged Tuesday in true “Whack-a-Mole” fashion, with Kohl’s $KSS ( ▼ 6.16% ) taking Opendoor’s $OPEN ( ▲ 4.96% ) place as the meme stock of the day, jumping then dumping despite no news catalyst. Behavioral finance experts noted similarities to 90s-style microbubbles, as other meme names like Petco $WOOF ( ▼ 11.58% ) and Krispy Kreme $DNUT ( ▲ 2.55% ) spiked. While the S&P 500 closed at a fresh high thanks to new trade pacts, blue chips like RTX, GM, and Lockheed were dragged down by tariff fallout.

⚡️ Markets climbed Wednesday as the U.S. struck a 15% tariff pact with Japan and teased $550B in new investment, offering fresh optimism for China and EU talks. All 11 sectors closed green. Tesla reported $TSLA ( ▲ 3.52% ) the worst revenue drop in a decade and muted guidance hit sentiment, even as Musk claimed supremacy in AI and promised robotaxis this year. Google $GOOG ( ▲ 0.46% ) beat estimates across the board—Cloud, Search, and ad revenue all surged. Speaking of self-driving, Google’s child firm Waymo talked expansion. Meme-stock roulette continued with GoPro, DNUT, and KSS flying on retail frenzy. $IBM ( ▼ 0.3% ) beat but sank, while ServiceNow rebounded after a solid report.

🐂 Markets closed at fresh highs Thursday, but the Dow lagged due to drag from UnitedHealth $UNH ( ▲ 0.89% ) , which fell on DOJ probes into Medicare billing practices, and IBM , which dipped despite an earnings beat as software revenue disappointed. Meanwhile, DOW Inc. $DOW ( ▲ 1.76% ) slumped after a dividend cut and larger-than-expected adjusted loss. Meme-stock action slowed, though American Eagle $AEO ( ▲ 4.08% ) briefly popped on a Sydney Sweeney collab. Intel $INTC ( ▼ 8.53% ) posted a loss but beat on revenue, guiding strong for Q3 and sparking bullish retail sentiment. The FCC approved the Paramount-Skydance merger, adding to a day of mixed corporate moves.

😢 Markets wrapped Friday on a high note, notching a five-day winning streak and fresh all-time highs across the board as investors looked ahead to peak earnings season and FOMC drama. Meme stocks cooled from midweek peaks, but “DOARK” tickers still logged weekly gains. Deckers $DECK ( ▲ 11.35% ) climbed 11% on strong Hoka sales and promising guidance, sparking bullish retail sentiment. Trade headlines took a backseat to Trump’s mention of potential stimulus checks amid strong tariff revenue, while China talks gained momentum and EU negotiations remained uncertain. All eyes now turn to tech giants and the Fed’s next move.

🤩 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 underway, and there is no way to contain it all in our regular chart. With over 891 stocks reporting this week, here is a max of ten for each day, with the Mag Seven names taking the cake.

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 the FOMC rate decision and PCE inflation results.

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

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