Pre-market futures are sliding back into the red at this hour, on less-than-stellar numbers out this morning for Weekly Jobless Claims, Philly Fed and Walmart earnings. The Dow is -157 points currently, the S&P 500 is -24, the Nasdaq -90 and the small-cap Russell 2000 is -12. Over the past five trading days, these major indexes are down between -1% (Dow) and -3% (Nasdaq).Economic Prints Ahead of the Bell: Jobless Claims, Philly FedInitial Jobless Claims are out this Thursday morning, jumping to their highes ...

The second-quarter earnings season continues to wind down as more than 90% of S&P 500 companies have now reported results. Still, 15 S&P 500 members will report quarterly earnings this week, with the docket dominated by the retail sector.Earnings out of home improvement retailers Home Depot and Lowe’s reflect notable reports, with the former kicking things off this morning with its second consecutive EPS miss. Both companies remain a Zacks Rank #3 (Hold) and are part of the Zacks Retail – Home Furnishings i ...

S&P 500 companies trounced expectations this earnings season after they found ways to blunt the impact of tariffs and benefitted from a weaker dollar, according to Goldman strategists https://t.co/DxdfdQVdhP ...

Earnings Performance - S&P 500 companies' top- and bottom-line results are significantly exceeding expectations [1]

Core Insights - Petrobras (PBR) reported second-quarter earnings per ADS of 64 cents, missing the Zacks Consensus Estimate of 70 cents due to lower downstream production and a decline in realized oil prices [1][10] - Consolidated net income was $4,101 million, down from $5,394 million a year earlier, while adjusted EBITDA fell to $9,242 million from $9,627 million [2] - Revenues for the quarter totaled $21,037 million, a 10.4% decrease from $23,467 million year-over-year, slightly missing the Zacks Consensus Estimate of $21,040 million [2] Upstream Segment - Average oil and gas production reached 2,909 thousand barrels of oil equivalent per day (MBOE/d), an increase from 2,699 MBOE/d in the same period of 2024 [4] - Brazilian oil and natural gas production improved by 8.1% to 2,879 MBOE/d, driven by ramp-up of existing fields and the startup of FPSO Alexandre de Gusmao [4] - The average sales price of oil fell over 20% year-over-year to $67.82 per barrel, negatively impacting upstream unit sales and revenues, which declined to $14,404 million from $15,668 million [5] - The upstream segment recorded a net income of $3,974 million, down 24.1% from $5,237 million in the second quarter of 2024 due to increased pre-salt lifting costs [6] Downstream Segment - Revenues from the downstream segment totaled $19,795 million, a 10.3% decrease from $22,061 million year-over-year, attributed to lower production volumes [7] - The downstream unit's profit fell to $217 million from $279 million in the second quarter of 2024, impacted by higher operating costs [7] Costs and Financial Position - Sales, general and administrative expenses were $1,750 million, a 3.7% decrease from the previous year, while selling expenses rose to $1,286 million [8] - Total operating expenses decreased by 7.2%, but the decline in revenues led to a drop in operating income to $5,349 million from $6,705 million year-over-year [8] - Capital investments totaled $4,431 million, up from $3,393 million in the prior-year quarter, with positive free cash flow of $3,445 million, down from $6,148 million [11] - Net debt increased to $58,563 million from $46,160 million a year ago, with cash and cash equivalents at $6,996 million [12]

Second quarter earnings season is wrapping up and once again corporations delivered despite ongoing uncertainty.The S&P 500 Index (INDEXSP: .INX), with about 90% of companies having reported, had an 81% positive surprise rate which is a bit better than most quarters. Even more impressive, 70% experienced positive growth for an aggregate 11.4% growth rate. This was the 2nd quarter in a row that saw estimates reduced ahead of earnings season and a big spike when the results hit the tape. Q1 estimates star ...

>> Welcome back. S&P is coming off its best week since late June. Stocks are mixed as the market tries to add to some of those gains, as investors look ahead to some key data that's on deck later this week.Citi's U.S. Equity strategist, Scott Krone, is with us this morning. Just raised his target to 6600 from 6300. Happy Monday, Scott.Good to have you. >> Good morning Carl. >> Is this about an earnings season that's come in pretty strong. >> It's about earnings season that's coming pretty strong.The differe ...

Group 1 - The overall earnings picture for Q2 remains strong and resilient, with an improving outlook for the current and upcoming quarters, particularly in the Tech sector [1][9] - A significant proportion of companies have exceeded Q2 EPS and revenue estimates, with 80.4% beating EPS estimates and 79.1% beating revenue estimates [3][10] - Total earnings for reported S&P 500 companies are projected to reach $582 billion for Q2, marking a new all-time quarterly record [14][12] Group 2 - The earnings growth rate for the S&P 500 is expected to be up +12.1% year-over-year, with a +6.2% increase in revenues when combining actual results and estimates [10][9] - The revisions trend has turned positive, especially for the Tech sector, with Q3 earnings expected to grow by +10.4% year-over-year [14][17] - Since the start of July, Q3 estimates have increased for 6 of the 16 Zacks sectors, with the most significant gains in the Tech, Finance, Energy, and Retail sectors [16]

Our next guest believes multiples are high, but they make a lot of sense given the market's resilience this year. Joining us now, Sylvia Jablonsky, CEO and chief investment officer of Defiance ETF. Silia, great to have you with us.Um, so how do you think about valuation. Um, yes, the market has been resilient, but that doesn't mean that it won't be primed for a normal 10% pullback at some point, which is garden variety, basically. >> Yeah, absolutely.Good morning, Melissa. Well, I think that, you know, what ...

Core Insights - The second-quarter earnings season is underway, and focusing on companies expected to outperform may yield better investment opportunities than those that have already reported strong earnings [1] - The resilience of REITs in both physical and digital economic activities is highlighted, suggesting potential for stable returns and long-term growth despite market uncertainties [3] Industry Fundamentals - The U.S. industrial real estate sector showed resilience with net absorption of 29.6 million square feet in Q2 2025, consistent with the previous quarter but below historical averages [4] - Vacancy rates increased by 20 basis points to 7.1%, marking the first rise above 7% since Q2 2014, yet still only slightly above the 15-year pre-pandemic average [5] - Industrial asking rent growth slowed to 2.6%, the weakest since early 2020, due to softening demand and rising vacancies, although leasing activity remained strong at nearly 309 million square feet in H1 2025 [5] - Retail real estate faced challenges with the overall retail availability rate rising to 4.9% due to bankruptcies and downsizing, while net absorption was negative for the second consecutive quarter, totaling 5 million square feet [6] - Construction completions fell to 4.1 million square feet in Q2, below the 10-year quarterly average of 11.9 million square feet, as developers became more cautious [7] - The average asking rent for retail properties rose slightly to $24.79 per square foot, reflecting landlords' adjustments to subdued demand [8] Company-Specific Insights - Realty Income Corporation (O) has a Zacks Rank of 3 and an Earnings ESP of +0.30%, with expectations of steady results supported by a 98.5% occupancy rate and a focus on non-discretionary tenants [11][12] - The Zacks Consensus Estimate for Realty Income's Q2 revenues is $1.40 billion, indicating a 4.21% increase year-over-year, while the AFFO per share estimate remains unchanged at $1.06 [13] - Americold Realty Trust (COLD) holds a Zacks Rank of 3 and an Earnings ESP of +0.74%, expected to benefit from rising demand for temperature-controlled warehouses amid e-commerce growth [14][15] - The Zacks Consensus Estimate for Americold's Q2 revenues is $647.54 million, with an FFO per share estimate of 34 cents [16] - Plymouth Industrial REIT (PLYM) has a Zacks Rank of 2 and an Earnings ESP of +2.33%, with expectations of strong leasing activity and effective capital redeployment strategies [17][18] - The Zacks Consensus Estimate for Plymouth's Q2 total revenues is $46.71 million, with an FFO per share estimate of 43 cents [19]