©
2026
SPX +52.09, 7,474, opened and closed higher on Friday. Mega cap earnings from META, MSFT, AAPL
and AMZN split with day one reactions: two positive and two negative. SPX is back above the middle of its eight-week
trading range at 62% of the channel up from its support low. More than 50% of SPX earnings reports
are now completed and six of the original mega caps are complete with NVDA
to report on August 26.
Breadth weakened as decliners led on both the NYSE
and the NASDAQ exchanges.
SPX
advancers: AMZN DXCM ETN GOOGL WY
VRT COHR ANET FTNT SOLS.
SPX
decliners: GDDY CTVA COIN AAPL EIX
NXPI SYK TROW LIN MU IP.
AAPL -24.52, -7.35%, EPS $2.02 beats $1.89 estimate, sales $109.417B beat
$108.651B estimate.
AMZN +36.08, +15.32%, EPS $5.75 beats $1.82 estimate, sales $200.606B beat $196.460B estimate.
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Day 14, Q2 Earnings
season:
Monday
BMO: ECHO, L, MAR, TSN,
Monday AMC: AES, ARE, CLX, FANG, OKE, ON, PLTR,
SBAC, TKO, VRTX, WMB,
Q2 First
day reaction: +40%
Positive: AMZN,
DXCM,
ETN, WY,
CBOE, ERIE, ARES, MHK, LYB, MTD, FSLR, CVX, BEN, CHD, EME, LRCX, PWR, MSFT, HII,
CMG, BAX,
WTW, REGN, AVY, EQIX, VLO, YUM, SOLS, PTC, BMY LH, MA, APD, KKR, SBUX, ICE,
IP, GRMN, GEHC, CTSH, APH, EXE, BXP,
MDLZ, ADP STX, IEX, F, BIIB, BH, IQV, INCY, SHW, NUE, RCL, PNR BRO KO, BA, UHS, ECL, PYPL, XYL,
ITW, PCAR, AMT PFG, CDNS, BKR, SLB, DLR, VRSN, VZ, HCA, LMT, ALLE, URI, TMO, DGX, RTX, CSX, HON,
ROP, NSC,
UNP, TSCO, PKG, LVS, BX, HAS, MMM, GM, STLD, DPZ, TRV, ABT, JBHT, PLD CFG, USB, UNH, BLK,
BNY, CTAS, MTB, PNC, MS, GS, JPM, BAC, = 110
Neutral: AEE, LNT, FRT, SATS, CL,
D, XOM, FTNT, MGM, XEL, REG, AWK, V, CBRE, EXR, VRSK, VLTO, BSX, GNRC, TER,
JCI, CNP, CMS, CNC, UDR, DTE, CINF, NEE, DECK, KMI, IBM, AVB, EQR, NDAQ, WST,
MRSH, WRB, DHI, STT, CAG = 40
Negative: GDDY,
CTVA, COIN,
AAPL, EIX, SYK, TROW, LIN, MRNA, LYV, ES, AJG, ABBV, CPT, AES, IR, FICO, CHRW, LKQ, NCLH, MO, LHX, META,
VTR, MLM, ESS, EG, FTI, ALGN, PSA, HSY, ORLY, HOOD, AOS, EXC, TYL, VICI,
CI, MAA, QCOM, BLDR, SO, INVH, TT, AEP, LII, VRT, MAS, KLAC, FTV, NXPI, PPG, HUM, SWKS,
SW, OMC,
ETR, GD, WED, PG, ACGL, CSGP, VMC, ODFL, SWK, WM, AON, FE, GLW, CARR, UPS,
TXT, SPGI, HUBB, HLT, IVZ, WELL DINO, FFIV, INTC, CHTR, NEM, EW,
HIG, TSLA,
TMUS, ROL,
DOV, GOOGL, GL, CMCSA, LUV, HBAN, CCI, NOW, PCG, TXN NVR, SNA, FCX, AMP, DOW, RJF, DHR, MSCI, HAL, EFX, GPC, SCHW, NOC, SYF,
KEY, ISRG, NFLX, RF, FITB, TFC, GE, UAL PGR,
ELV, JNJ, C, WFC, FAST = 125
Bold
is > +5% or -5%
_________________________________________________________________
SK Hynix ADR, SKHY,
closed 143.73, -3.54%
on its sixteenth trading day.
IPO was at 149. SK Hynix is a
profitable company with over $65 billion in revenues (larger than SPCX) and $28
billion in annual profit. The ADR is
speculative because as a new IPO it does not have a track record to
evaluate.
SpaceX, SPCX,
closed at 108.37, -3.41%
formed a red candle. Our view is
that SPCX, with no earnings, is an overvalued speculation. IPO at 135 on June 12.
SPY +0.72%, above
average volume of 62.4 million shares.
VIX -1.10, 15.99, lowest close since July 15.
NDX +0.60% formed a black candle in a channel bounce continuation.
DJI, 52,485 +0.52%, just 1.08% below its all-time closing
high on July 6.
Mega caps AMZN, GOOGL, META, MSFT, NVDA, TSLA, AVGO, BRK/B, TSM,
WMT rose and LLY, MU, AAPL fell on Friday.
Up: SPY, QQQ, DIA,
Down: IWM,
The SPY
MFC green line is
up at 44.6,
price-action closed above the high of the low day and is short-term bullish. +5.0
Four of eleven sectors were higher
on Friday led by XLY, XLC and XLE.
52
of 100
NDX stocks closed higher on Friday.
54 NDX stocks are above their 30
DMA: EA, FAST, PCAR, CCEP, AMGN,
CSX, KHC, ADP, MELI, PAYX, PYPL, REGN, CTAS, GILD, PDD, FANG, INTU, ROST, HON,
ODFL, ADSK, ROP, ADBE, BKNG, FAST, MDLZ, TRI, WDAY, ABNB, AXON. BKR,
COST, CPRT, DASH, DDOG, DXCM, IDXX, MSFT, CMCSA, GEHC, MNST, PEP, SBUX, AVGO,
CEG, AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, MPWR, ORLY, PANW,
NDX Stocks to Watch on Monday
Moving Above 30 DMA = 9
AMZN, CRWD, CSCO, FTNT, GOOGL, MDB, MPWR, ORLY, PANW,
Moving Below 30 DMA = 5
AAPL,
KDP, MSTR, NFLX, TTWO,
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