Major Earnings Reports
Wednesday (July 23) appears to be the busiest day with several major companies reporting:
- Tesla (TSLA) – Under scrutiny due to declining sales, analyst downgrades, and executive departures. Stock is down nearly 20% this year
- Alphabet/Google (GOOG) – Investors will focus on AI strategy updates
- IBM, T-Mobile, AT&T – Other major tech/telecom earnings
Other Notable Companies Throughout the Week:
- Monday: Verizon, Domino’s Pizza
- Tuesday: Coca-Cola, General Motors, Texas Instruments, Lockheed Martin
- Thursday: Intel (amid layoffs and leadership changes), Honeywell, Union Pacific
- Friday: HCA Healthcare
Key Economic Data
- Wednesday: Existing home sales data for June
- Thursday: New home sales data, initial jobless claims, PMI data
- Friday: Durable goods orders
Market Context
The article notes that this comes after a strong trading week where the S&P 500 gained and the Nasdaq hit closing highs for five consecutive days. The housing market data will be particularly watched given ongoing challenges from high mortgage rates and limited inventory.
Fed Activity
Fed Chair Powell and Governor Bowman are scheduled to speak at a banking conference on Tuesday, though they may avoid discussing interest rates due to the blackout period before their next meeting.
This appears to be a busy week that could significantly impact market direction based on these major earnings reports and economic indicators.
Tesla (TSLA) – Wednesday, July 23
Current Challenges:
Tesla’s Q1 2025 report shocked the market with revenue falling 9% year-on-year to $19.34 billion, automotive margins sliding to 16.3%, and EPS missing consensus by almost 29% IGIG. Earnings are projected at about $0.44 per share for Q2, down 15% compared to last year How Will Tesla Stock React To Its Upcoming Earnings? | Trefis.
Key Metrics to Watch:
- Q2 production exceeded 410,000 vehicles with deliveries over 384,000 vehicles Tesla Second Quarter 2025 Production, Deliveries & Deployments | Tesla
- Tesla held approximately $37 billion in cash and cash equivalents as of March 31, 2025, marking a 37.7% increase year-over-year Why Tesla Stock Could Surprise in Q2 Earnings – TipRanks.com
- Focus on robotaxi progress and AI investments
Singapore Impact:
Direct Impact:
- EV Adoption: Tesla’s performance could influence Singapore’s EV transition timeline and government incentive programs
- Supply Chain: Singapore-based automotive parts suppliers and tech component manufacturers may see reduced orders if Tesla continues struggling
Indirect Impact:
- Tech Sentiment: Poor Tesla results could dampen investor appetite for Singapore tech stocks and EV-related companies listed on SGX
- Regional EV Market: Could slow down Southeast Asian EV adoption, affecting Singapore’s position as a regional hub
Alphabet/Google (GOOG) – Wednesday, July 23
