Posts

Did Situational Awareness and Earnings Eliminate Tech Concerns?

/in , /by

What’s in Today’s Report:

  • Did Situational Awareness and Earnings Eliminate Tech Concerns?
  • JOLTS Data Takeaways – Another Goldilocks Labor Report

Futures are mostly higher as markets absorb disappointing guidance from AMD and SPCX amid mixed global economic data overnight with persistent optimism for a U.S.-Iran ceasefire deal capping oil prices and supporting bonds.

Economic data was mixed overnight as China’s Services PMI plunged from 54.1 to 50.4 vs. (E) 53.9 in July, however the EU Composite PMI firmed a full 2 points to 52.0 vs. (E) 51.9 last month, helping tamp down growth worries in the Eurozone.

Today, trader focus will be on economic data early with the July ADP Employment Report (E: 75K) and ISM Services Index (E: 54.5) both due to be released by mid-morning.

There is a 4-Month Treasury Bill auction at 11:30 a.m. ET, and the results of the auction have the potential to shed light on the bond market’s outlook for Fed policy, which could ultimately impact the broader equity market leading into the afternoon.

Additionally, there are two Fed officials speaking today: Cook (4:05 p.m. ET) and Daly (8:35 p.m. ET), but both are not until well after the closing bell.

Finally, earnings continues with notable companies reporting today including LLY ($6.71), SHOP ($0.28), UBER ($0.83), DIS ($1.88), SNDK ($33.28), WDC ($3.24), and MELI ($8.69). As has been the case, investors are demanding to see very robust results in order to reward companies given the current high multiple market environment.

 

Two Themes to Watch in Looming AI Earnings

/in , /by

What’s in Today’s Report:

  • Two Themes to Watch in Looming AI Earnings
  • What Is the Bab el-Mandeb and Why Is It a Problem?

Futures are modestly lower on rising geopolitical concerns and mixed tech earnings.

GOOGL earnings were solid but the company boosted capex spending plans, increasing concerns about future free cash flow and tech stocks are lower in response.

Geopolitically, Houthis attacked two Saudi ships in the Red Sea, further disrupting global oil transit (oil is up 4%).

Today the only notable economic report is Jobless Claims (E: 214K) and that shouldn’t move markets, so focus will remain on geopolitics (any progress at all towards a ceasefire will pressure oil prices and boost stocks) and on the reaction from tech stocks to mixed earnings (if tech stocks stay soft post GOOGL earnings it’ll weigh on the major indices).

Earnings season continues, meanwhile, and some important reports we’re watching today include: INTC ($0.21), NOK ($0.07), AAL ($0.03), BX ($1.32), LMT ($7.32), FCX ($0.60), RTX ($1.66).

 

Sevens Report Technicals

When sector volatility reaches levels only seen around 2000, 2001, and 2009, it deserves more than a passing glance. That’s exactly what we explore in this week’s Sevens Report Technicals.

Beyond the major indices, we examine where money is rotating beneath the surface, why Value continues to outperform Growth, how Treasury, credit, and volatility markets are either confirming or challenging the equity narrative, and what those signals could mean for portfolio positioning.

If you want to better understand whether this is simply another pullback or the beginning of a more meaningful shift in market leadership, click here to learn more about this week’s Technicals report and see why advisors rely on it to stay one step ahead.

 

Two Conditions Must Be Met For A Rebound | Tom Essaye

/in , /by

[New York Stock Market] Falls on Middle East Tensions…Semiconductor Stocks Attract Bargain Buying

Tom Essaye, founder of the Sevens Report, also analyzed that for the market to rebound, two conditions must be met: strong earnings from major technology companies and clear signs of stabilization in the Middle East.

Also, click here to view the full article on The Asia Business Daily published on July 21st, 2026. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here

Tom Essaye Quoted in Bloomberg

/in , /by

We need some solid earnings from the key tech names this week, Says Tom Essaye

Stocks, Bonds Fall as US-Iran Risks Whipsaw Oil: Markets Wrap

“For stocks to rebound, we need some solid earnings from the key tech names this week, and de-escalation in Iran wouldn’t hurt,” said Tom Essaye at The Sevens Report. “Markets will want to see strong results and more signs of robust demand, but also evidence of restraint and a focus on stability.”

Also, click here to view the full article published in Bloomberg on July 19th, 2026. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Tom Essaye – Staying Cautious With The Magnificent Seven Names Into Earnings. 

/in , /by

One chart reveals why investors are concerned about earnings from Microsoft, Amazon, and other hyperscalers

“For me, it’s going to be about earnings with the Mag 7. It’s going to be about the capex number. What’s happening with free cash flow. And what is their guidance and how we turn all of this into real money sooner than later,” Sevens Report Research founder Tom Essaye said on Yahoo Finance’s Opening Bid.

Essaye is staying cautious about the Magnificent Seven names heading into earnings. 

Also, click here to view the full video published on Yahoo Finance on July 15th, 2026. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Tom Essaye Talks About Netflix with Yahoo Finance Executive Editor

/in , /by

I think that this is a very smart move by Meta, Says Tom Essaye

Why Netflix is a lot less ‘compelling’ than these 2 media stocks

Sevens Report Research founder Tom Essaye chat with Yahoo Finance Executive Editor Brian Sozzi about why Netflix isn’t a compelling buy in the media/entertainment space.

You know, over the past couple of years, Netflix has pulled levers to increase profitability by cracking down on sharing, by introducing, you know, more aggressive advertising, that sort of thing. But in the end, they’re now kind of being driven by their show slate and as you said, they have not had a hit in a while and that’s a problem.

Now, certainly the decline makes it, you know, somewhat attractive maybe on a value basis, but I agree with Thomas, it’s a show me stock. You have to see that there’s some sort of a of a turnaround or something coming down the pike that you can get excited about.

I actually agree with you, Brian. I think if I’m going to allocate some dollars to entertainment and sort of content, I would prefer Disney.

Also, click here to view the full video published on Yahoo Finance on July 15th, 2026. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Tom Essaye and Yahoo Finance Opening Bid Panel Discuss Big Banks

/in , /by

I think that this is a very smart move by Meta, Says Tom Essaye

Big banks see consumer holding up despite economic uncertainty

Yahoo Finance Executive Editor Brian Sozzi and his Opening Bid panel featuring guests: Globalt Investments senior portfolio manager Thomas Martin, Sevens Report Research founder Tom Essaye, and Yahoo Finance Senior Business Reporter Brooke DiPalma discuss what big banks are saying about consumer resiliency.

As long as the unemployment rate stays low. That’s the key to the whole sort of economic resiliency. That and the fact that the hyperscalers are just fire hosing hundreds of billions of dollars into all corners of the economy as they build out data centers as fast as they can. But the unemployment rate is low

And people can get jobs. And as long as that’s the case, then they’re going to be generally able to keep up, relatively speaking, with this inflation, and that’s been the key. The trouble is if that unemployment rate starts to rise or that people start to have a hard time finding jobs. That’s the lynch pin. As long as the unemployment rate stays low, then people can continue to stomach very high beef prices and egg prices and all the other things we’re having to deal with.

Also, click here to view the full video published on Yahoo Finance on July 14th, 2026. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.

Three Tests for the Rally This Week

/in , /by

What’s in Today’s Report:

  • Three Tests for the Rally This Week
  • Weekly Market Preview: A Critical Week for Inflation, AI and the Fed
  • Weekly Economic Cheat Sheet: Inflation in Focus (and the Numbers Need to be Good)

Futures are modestly lower on rising geopolitical tensions after escalation of the U.S./Iran conflict over the weekend.

Iran attacked another commercial ship transiting the Strait of Hormuz prompting some of the most intense attacks from the U.S. since the start of the conflict.

Despite the escalation, however, oil is up a modest 3% and markets still believe both sides seek a ceasefire (which is why the markets aren’t down more on the news).

This is a busy week of data and earnings, but it starts slowly as there are no notable economic reports today and just two Fed speakers (Bowman (5:25 a.m. ET) and Waller (12:30 p.m. ET)) and they shouldn’t move markets.  Instead, focus will be on geopolitics and any reports of ceasefire progress will help stocks bounce.

 

Monthly Bitcoin/Crypto Market Updates

/in , /by

What’s in Today’s Report:

  • Monthly Bitcoin/Crypto Market Updates

Futures are little changed following a quiet night of news as efforts are underway to restore the U.S./Iran ceasefire.

There were no direct U.S. attacks on Iran overnight and U.S. officials said the two sides were still working on re-establishing a ceasefire.

Economically, German HICP (their CPI) was the only notable report and it met expectations at 2.4% y/y.

Today focus will stay on geopolitics and any progress on reestablishing the U.S./Iran ceasefire will pressure oil and should help boost stocks.  From an economic standpoint, today is quiet but next week is not, as next week has the potential to impact markets in numerous ways (economic data, inflation and earnings).  More on that in Monday’s Report.

 

Tom Essaye Break Down Micron’s Earnings Beat With Yahoo Finance

/in , /by

The most important part of the Micron earnings were really their referencing these strategic customer agreements, Says Tom Essaye

‘We don’t view this as a bubble’ that will pop soon: Wall Street weighs surging AI costs on stock market rally

Yahoo Finance Senior Business Reporter Ines Ferre and Sevens Report Research Founder Tom Essaye break down Micron’s (MU) earnings beat and stronger-than-expected guidance. They discuss how record revenue and growing demand for AI memory chips may boost confidence in the broader AI trade.

You know, over the past couple days, you’ve sort of the market has gotten itself in sort of a negative feedback loop, right? Saying is this sustainable? Can the spending continue? Is there enough capital to continue to fund all this? And Micron came out and basically said, yes, yes, there is. And that’s turning sentiment around. The most important part of the Micron earnings were really their referencing these strategic customer agreements.

The whole key around the memory boom, much like inflation honestly, is it a flash in the pan or is it sustainable? Micron is growing earnings at like hundreds and hundreds of percent, but the stock only trades at a 10X forward multiple. The S&P 500 trades at a 20X forward multiple and isn’t growing earnings nearly as fast. The reason Micron and Nvidia are cheap is because investors are concerned that this earnings boom won’t last. If earnings, if investors believe it will last, which Micron’s earnings helped, you know, reinforce that idea, then this market has a lot more room to run.

Also, click here to view the full video published on Yahoo Finance on June 25th, 2026. However, to see the Sevens Report’s full comments on the current market environment sign up here.

If you want research that comes with no long term commitment, yet provides independent, value added, plain English analysis of complex macro topics, then begin your Sevens Report subscription today by clicking here.

To strengthen your market knowledge take a free trial of The Sevens Report.

Join hundreds of advisors from huge brokerage firms like Morgan Stanley, Merrill Lynch, Wells Fargo Advisors, Raymond James, and more! To start your quarterly subscription and see how The Sevens Report can help you grow your business, click here.