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Every weekend we publish “The Weekly Wrap-Up” — your ticket to being well informed and staying ahead in the investment game!

This report is designed to help investors of all skill levels break down important stories/topics within the stock market. And best of all, we cut through all of the BS and give you exactly what you need to know in easy to digest, bite sized pieces of content.

Grab your coffee and let’s dive in.

It was a tough week for mega caps as the rotation trade continues. Most other areas of the market were green, with the exception of SaaS stocks who were once again hit hard. All three major indexes did end the week lower.

These are some of the biggest stories from the second half of the week that had an influence on market action.

Alphabet $GOOGL ( ▼ 0.96% ) posted a big beat on revenue and profit, powered by huge growth in Cloud, but shares dropped after the company raised its spending plans for the rest of the year.

Tesla $TSLA ( ▲ 2.83% ) posted record revenue but missed profit estimates by a wide margin, and shares dropped sharply as investors weighed heavy AI and robotics spending. The stock fell over 18% this week.

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It was a mixed week for Q2 reports, with INTC, NOW, and LMT all beating, while GEV beat on revenue but missed on earnings, and IBM cleared a low bar set two weeks earlier by its own revised guidance.

Intel $INTC ( ▲ 1.84% ) delivered its strongest revenue growth in over a decade, with AI-driven data center demand pushing results well past guidance, though shares gave back some of the initial pop the next session as the broader chip trade cooled.

ServiceNow $NOW ( ▲ 6.42% ) beat on every headline metric and raised its subscription guidance for the second time this year, with shares snapping back sharply after tumbling into the print on broader software worries.

IBM $IBM ( ▲ 1.65% ) posted numbers that largely matched the preliminary warning it issued a week earlier, still trailing Wall Street on both lines and prompting a cut to full-year expectations, with shares holding fairly steady since most of the damage had already been priced in.

GE Vernova $GEV ( ▼ 1.0% ) topped revenue estimates and raised its full-year revenue and free cash flow outlook, but adjusted earnings missed by a wide margin and shares slid as investors focused on margin pressure over the record backlog.

Lockheed Martin $LMT ( ▲ 0.88% ) beat on both lines by a wide margin and raised full-year guidance, helped by a swing away from last year's program losses, sending shares sharply higher.

For full breakdowns of these earnings, including graphics and all key takeaways. head to the earnings channel in our Discord.

In this section, we'll be curating a selection of news headlines we think you'll find interesting. If a topic catches your eye, click the provided links to read more about it.

We continue to push out more and more content every week to give investors that edge. Here are the posts Investor’s Edge+ subscribers received this week.

Mondays are for the investors. Every Monday morning we share exactly what we’re watching in the week ahead, how we’re positioning, and even share a sneak peek into our systems and models. This week we discussed the upcoming GOOGL and TSLA earnings, US/Iran, and our game plan for the week. See the latest full report here:

With stocks under pressure, next week is arguably the biggest week of the year. We get 4 MAG7 earnings, a key inflation report, and the Fed’s latest interest rate decision. This could be a make or break moment for the market.

It is the biggest week of earnings season as 4 of the MAG7 names report, as well as roughly 30% of S&P 500 names. Here is the full calendar of scheduled earnings releases:

Here is the list of names we will be covering:

Next week is a big one for economic news, with Wednesday’s Fed rate decision and Thursday’s PCE report being the biggest catalysts.

We also get jobless claims, GDP data, consumer confidence, and several other reports.

Here is the full calendar of events we will be watching:

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Here’s what you’re missing in the Discord:

🗨️ Chat rooms: Investors discussed the the huge moves from mega cap tech. Members also dove into the number of jobs reports and shared their views on the overall economy.

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Thank you for reading this edition of the Weekly Wrap-Up. Have a great weekend!

Until next time investors!

Mark & Chris

The Investor’s Edge

This is not investing advice. It is very important that you do your own research and make investments based on your own personal circumstances, preferences, goals and risk tolerance.