Shesa's Stock Market Weekend Report - 7|20|25

U.S. Stock Market Weekly Summary

Though last week was nothing exciting, S&P and Nasdaq made new highs. We are in the Q2 earnings season. Most of the key banks and financial institutions reported earnings last week. This week we will see two tech giants report their earnings. I am also expecting to see some trade deals this week. But let's glance through what happened last week.

  • S&P 500 up 0.6%, closing at 6,296.79, hit record highs.
  • Nasdaq was up 1.5%, closing at 20,895.66, fifth straight record high.
  • DOW was up 0.1%, closing at 44,342.19.
  • Market Drivers: Strong bank/tech earnings, 0.6% June retail sales rise, jobless claims at 221,000. GENIUS Act boosted crypto. Tariff threats (30% EU/Mexico, 25% Japan/South Korea) added volatility, eased by hopes of trade negotiation.
  • Sectors: Financials and Technology up; energy down 0.65%.
So far this year, Nasdaq has gone up 8.2% and S&P 500 is up 7%,

Economic Report last week
  • The CPI/Inflation increased 0.3% for the month of June and 12-month inflation rate at 2.7%
  • US PPI (MoM) for June 2025: 0.0% (forecast 0.2%, previous 0.1%). US PPI (YoY) for June 2025: 2.3% (forecast 2.5%, previous 2.6%).
  • Retail Sales: U.S. June retail sales rose 0.6% month-over-month vs. 0.3% expected.
Q2 2025 Bank earnings highlights
  • JPMorgan Chase (JPM): EPS $5.24, beat $4.47 estimate; revenue $44.91B, beat $43.9B. Strong trading and investment banking, raised NII forecast to $95.5B. Stock down 0.59%.
  • Citigroup (C): EPS $1.63, beat $1.52 estimate; revenue $20.83B, beat $20.83B. Strong markets and banking, stock up 3.68%.
  • Bank of America (BAC): EPS $0.89, beat $0.86 estimate; revenue $26.61B, missed $26.72B. NII $14.82B, missed by $70M. Stock down 0.3%.
  • Goldman Sachs (GS): EPS beat estimates, strong trading revenue, confirmed dividend hike. Stock up 0.9%.
  • Morgan Stanley (MS): EPS and revenue beat estimates, but stock down 1.3%. Wealth management faced headwinds.
  • Wells Fargo (WFC): EPS $1.60, beat $1.40 estimate; revenue $20.82B, beat $20.8B. Flat NII outlook, stock sank 5.48%.
Netflix (NFLX) came with its Q2 earnings nm beating top and bottom line.
  • Earnings per share: $7.19 vs. $7.08””
  • Revenue: $11.08 billion vs. $11.07 billion.
  • Guidance: $44.8 billion - $45.2 billion vs. $43.5 to $44.5 billion expected.
My view: I am not thrilled but the results were good. The current quarter revenue was slightly above the estimate but overall the company had a solid earnings and above forecasts above expectations. The stock was down $65 after earnings but it should pickup after some consolidation. As I had said to add on pullbacks, I added some last Friday. 

Earnings this week
7/23, WED: Telsa (TSLA), Google (GOOG), QS, IBM

I will be curious to see Telsa's earnings. It's not because they may will with a stellar quarter. Rather, I will be more enthusiastically looking about what Elon Musk say about RoboTaxi, FSD, Humanoid robots(Optimus), Low priced cars, storage growth and potential other updates on AI and stuff. We will see how it goes and hoping to provide an update after the earnings. 
As for Google I will watch their AI revenue and projections. Based on that I will determine my next step. 

Stocks to watch
TSLA, NFLX, GOOG, HOOD, NVDA, QS, ENVX, APLD, AVGO, CRWD, CRWV, T(QQQ), CRCL, DASH, OPEN.

Some other News
  • On July 18, 2025, President Trump signed the GENIUS Act, a bipartisan bill regulating stablecoins, aimed at integrating cryptocurrency into everyday finance.
  • Nvidia (NVDA) said that it is filing with the U.S. government to resume sales of its previously restricted H20 GPU to clients in China. It may get approved as U.S. government has assured NVIDIA that licenses will be granted, and NVIDIA hopes to start deliveries soon,” the company said in a press release.
  • Elon Musk said that Tesla (TSLA) shareholders will vote on whether the company should invest in xAI, that may give a potential opportunity for shareholders to participate investing in xAI. If it’s approved, this should be a very good news for Tesla shareholders in my view..
Economic report this week
No such critical economic data this week. Two reports to keep an eye as indicated below.

WEDNESDAY, JULY 23: Existing Home Sales
THURSDAY, JULY 24:  New Home Sales

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