The Every day Breakdown seems on the earnings response from Apple, Amazon, Alphabet, Meta, and Microsoft — in addition to Bitcoin’s drop.
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What’s Occurring?
Greater than 40% of the S&P 500’s market cap reported final week — together with round $15 trillion in mixed market cap for Apple, Alphabet, Amazon, Meta, and Microsoft. The response from these corporations? Blended.
Amazon rallied to file highs (as we mentioned yesterday), whereas Alphabet inched larger (+2.5%) and Apple was about flat (-0.4%). Microsoft had a modest drop (-2.9%), whereas Meta actually tumbled (-11.3%).
The Outcomes
These corporations all beat income expectations, and on an adjusted foundation, all of them beat on earnings estimates too. I say “adjusted” earnings as a result of a one-time tax cost of $15.9 billion caught Meta buyers off-guard. Regardless, it was one other sturdy quarter of progress, which is the theme for tech.
In June, we requested if tech might outperform within the second half, provided that it was the sector with the very best earnings progress expectations for the yr. Effectively it now has the very best earnings progress expectations for 2026 too — with the Magnificent 7 performing as a strong engine to that progress.
That stated, by way of Monday’s shut the sector is up greater than 30% on the yr vs. a acquire of “simply” 16.5% for the S&P 500. With no sturdy response to earnings — and Palantir isn’t serving to sentiment right now — might this group be due for a breather?
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The Setup — Bitcoin
Bitcoin had been doing an important job holding the $107K to $111K vary — a zone that had served as each resistance in 2024 and within the first half of 2025, then as assist within the second half of the yr. Now although, BTC is breaking decrease and retesting its October low close to $103,500.
From right here, buyers wish to know if BTC will maintain above $100K and discover assist close to the 50-week shifting common. This longer-term shifting common has been a key assist stage for about two years now. That doesn’t imply it is going to be assist this time or that BTC can’t quickly break under this measure earlier than regaining it within the weeks or months forward. Bulls ought to be conscious to see if assist comes into play above $100K.
Choices and ETFs
For buyers who can’t commerce or aren’t comfy buying and selling cryptocurrencies outright, they’ll think about ETFs. On the BTC entrance, IBIT stays the most important ETF by property, whereas additionally supporting choices buying and selling.
Bulls can make the most of calls or name spreads to invest on upside, whereas bears can use places or places unfold to invest on draw back. In both case, buyers could think about using ample time till expiration.
For these seeking to study extra about choices, think about visiting the eToro Academy.
What Wall Avenue’s Watching
PLTR
Shares of Palantir hit new file highs on Monday, however are down greater than 7% this morning after the agency reported earnings. That’s regardless of the corporate beating on earnings and income expectations, and with administration elevating steerage. As of Monday’s shut, the inventory was up 174% this yr and 400% over the previous 12 months. Take a look at the chart for PLTR.
UBER
Uber inventory can be down this morning, slipping about 5% regardless of the agency reporting earnings of $1.03 per share on income of $13.5 billion. These figures have been each above analysts’ expectations, which known as for earnings of 91 cents per share on income of $13.3 billion. In response to CEO Dara Khosrowshahi, “This was our strongest progress because the finish of 2023 and the most important journey quantity enhance in Uber’s historical past outdoors the post-Covid rebound.”
RACE
Shares of Ferrari are attempting to maneuver larger this morning regardless of promoting strain in US inventory indices. That’s after the corporate delivered a top- and bottom-line beat, shaking off some tariff-related issues. Take a better have a look at RACE with our latest Deep Dive.
Disclaimer:
Please be aware that because of market volatility, a few of the costs could have already been reached and situations performed out.
