It’s a giant week of earnings, headlined by Alphabet and Tesla. The Day by day Breakdown dives into this week’s large occasions.
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Monday’s TLDR
The alts carry on working
GOOGL, TSLA report earnings
Solana appears for extra momentum
What’s Taking place?
Bitcoin cooled off final week, slipping 1.5%, however continues to be holding above the breakout zone round $110K–$112K. Nonetheless, Ethereum and the alts are stealing the highlight.
ETH has risen in 12 of the final 13 periods, gaining almost 50%. Ripple hit report highs after clearing $3.40 and is now consolidating round that stage. Whereas Stellar hasn’t hit a brand new excessive — and dipped barely final week — it’s nonetheless up over 100% in July and is consolidating its positive factors.
Solana, Shiba, Dogecoin, Bonk, Cardano and others are additionally shifting greater.
Earnings season is heating up. Massive names reporting this week embrace Coca-Cola, AT&T, Chipotle, IBM, Honeywell, American Airways, and Intel. Notably, Tesla and Alphabet report Wednesday after the shut.
Tesla is the worst-performing Magnificent 7 inventory this yr, and bulls hope Elon Musk & Co. can spark a turnaround. However with the weakest 2025 earnings progress outlook within the group, which will clarify the inventory’s droop.
Alphabet is down about 2% in 2025 however stays the most cost effective Magazine 7 inventory by ahead P/E. Buyers are eyeing this quarter to reignite momentum.
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The Setup — Solana
Solana is beginning to acquire some steam, lately breaking out over the important thing $180 stage that has served as each assist and resistance over the previous few quarters. As you possibly can see on the weekly chart under, this stage has been crucial for technical merchants.
From right here, bulls need to see SOL maintain up above this stage. If it might probably accomplish that, the momentum may assist gas an additional push to the upside. Nonetheless, if Solana breaks again under the $180 stage, the latest bullish momentum may wane and extra short-term draw back could also be within the playing cards.
What Wall Road Is Watching
VZ
Verizon is rallying this morning, up nearly 5% in pre-market buying and selling after the agency delivered a top- and bottom-line earnings beat as gross sales rose 5.2% yr over yr. Verizon bulls are hoping to snap the inventory’s eight-day shedding streak, whereas Verizon’s dividend yield was roughly 6.6% as of Friday’s shut. Try Verizon’s fundamentals.
NVDA
Nvidia continued its highly effective run on Friday, once more hitting one other report excessive. It did so alongside Microsoft, because the latter tries to change into the second firm after Nvidia to hit a $4 trillion market cap — it’s at the moment sitting at $3.8 trillion. Nvidia is now up 28.4% up to now this yr and is up greater than 46% over the previous 12 months. Try Nvidia’s charts.
Disclaimer:
Please notice that as a consequence of market volatility, among the costs might have already been reached and situations performed out.
