The Sell-Off for AI Stars Worsens, While Oil Prices Keep Jumping
- Google-Parent Alphabet and Tesla headline a busy week for 77 S&P 500 companies scheduled to post second-quarter reports, kicking off a critical earnings cycle.
- Market sentiment remains positive as 88% of roughly 50 companies that have already reported exceeded analyst earnings expectations, according to FactSet, setting an optimistic tone for the week ahead.
- Alphabet analysts expect more than 20% earnings and revenue growth, while Jefferies analyst Philippe Houchois wrote that Tesla's low Cybercab output suggests delays in ramping up Robotaxis.
- Tuesday General Motors is set to report earnings before the bell with more than 25% growth expected, while Thursday Intel faces projections for more than 12% year-on-year revenue growth, per LSEG.
- Investors are watching IBM and CME Group for broader market signals; Morgan Stanley analyst Michael Cyprys wrote that CME revenue remains stable amid macro uncertainty and perpetual futures concerns.
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109 Articles
(New York = Yonhap News) Correspondent Kim Yeon-sook = On the 20th (local time), the New York stock market closed lower amid military clashes between the U.S. and Iran and rising international oil prices.
The rise in oil prices continues to intensify with the blockade of the Strait of Ormuz. The barrel of Brent now exceeds 90 dollars, while the diesel has climbed 12 cents in a week in...
Oil is traded at around $90 per barrel at the beginning of the week, returning to the quotations that were last recorded in the first half of June.
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Asian Markets Slide as Middle East Tensions Push Oil Above $90 and Investors Brace for Major Tech Earnings
Asian stock markets opened the week on a cautious note as escalating military tensions in the Middle East drove oil prices sharply higher, reigniting fears of persistent inflation and raising fresh concerns about the outlook for global interest rates. Investors are also preparing for one of the busiest weeks of the corporate earnings season, with several of the world's largest technology companies set to report results that could determine wheth…
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