Tech news in 3 minutes
Earnings Playbook for Pro Traders
Alphabet and Tesla lead a busy earnings week as 77 S&P 500 companies report Q2 results, with strong early season showing as 88% exceed expectations. The reports follow a tough week on Wall Street dragged lower by semiconductor declines and Iran-U.S. tensions. **Tuesday** – General Motors reports before the bell. Analysts expect over 25% bottom-line growth. Deutsche Bank notes no change in consumer behavior despite macro instability. GM shares rose after the last three reports. **Wednesday** – CME Group reports premarket; earnings forecast to fall slightly. Morgan Stanley remains bullish, citing strong moat in futures and options. IBM reports after close, limping in after a 25% plunge on disappointing preliminary results. Oppenheimer downgraded the stock, citing difficulty meeting full-year guidance. **Tesla** reports after Wednesday’s close; earnings forecast up 25% year over year. Jefferies flags strong China/Europe volume but highlights risks in Cybercab output and Robotaxi ramp. Shares fell after three of the last four releases. **Alphabet** reports after Wednesday’s close; earnings and revenue expected to grow over 20%. BMO raised price target to $455, noting investors expect Gemini models to remain competitive. Alphabet has beaten expectations for 13 straight quarters. **Thursday** – Intel reports after close; expected revenue growth above 12% year over year. Susquehanna expects strong Q2 but warns of weaker second-half PC builds due to worsening memory dynamics. Intel beats earnings 77% of the time but averages a 1.3% decline on earnings days.