Market Overview - The market showed resilience despite uncertainties regarding trade policy, tariffs, and the Federal Reserve chair [6] - S&P 500 closed up about 01% [6] - Nasdaq was down about 04% due to weakness in big cap tech names [7] - Dow Jones Industrial Average added 04% [7] - Russell 2000 outperformed, with small caps gaining tailwind [7] Earnings and Performance Highlights - Homebuilders outperformed, with the S&P composite 1500 homebuilding index up about 10% [2] - D R Horton's stock was up about 16% after third-quarter earnings beat expectations [18] - PulteGroup's stock was up 12% after reporting better-than-expected earnings [19] - Texas Instruments' second-quarter EPS was $141, beating the consensus estimate of $135, but the stock was down about 7% in after-hours trading [10][12] - Intuitive Surgical's second-quarter revenue came in at $244 billion, and adjusted EPS beat estimates at $22 billion, with shares initially moving higher but later declining [20][29] - Capital One's second-quarter adjusted EPS was $548, far exceeding the consensus estimate of $388, with net revenue at $1249 billion [22][23] - Enphase Energy's second-quarter adjusted EPS beat estimates by $006, and revenue came in better than forecast at $3632 million, with the stock up about 8% in after-hours trading [26] Company Specifics - Texas Instruments invested $39 billion in R&D and CIGNA and invested $49 billion in CapEx and returned $67 billion to owners over the past 12 months [14] - Intuitive Surgical's Da Vinci surgical system installed base grew to 10488 systems as of June 2025, a 14% increase compared to June 30th, 2020 [30] - Capital One's loans held for investment were approximately $4393 billion [23]

Shares of D.R. Horton rose the most in more than five years as the homebuilder posted earnings that beat expectations even as the US housing market remains sluggish https://t.co/l5iHMzVWXg ...

All right, why don't we start off with your word of the day. Now, this one's interesting. Anchored. What's anchored. Anchored.We're anchoring the market to earnings right now. I think we have a lot of noise, right. But when we get to earning season, especially out of the big dogs, this is where we see if we're going to continue a trend higher or we got some shaky ground.All right. What do you make of what some people are calling froth in the market. Um, it looks like it might be the the, you know, the reeme ...

Market Sentiment & Policy Impact - Investor sentiment indicates complacency regarding potential risks [1] - Policy is no longer the primary market driver, earnings results are regaining importance [2] - Policy changes, especially tariff policies, are expected to impact earnings for retail and consumer-oriented companies with overseas suppliers [2] - The market has largely priced in the worst-case tariff scenarios, but the actual impact remains uncertain [3][4] Earnings & Inflation - Earnings expectations for the S&P 493 (excluding the Magnificent Seven) have been cut in half since April, potentially overpricing tariff impacts [5] - Companies are beating lowered expectations, but guidance on supply chain shifts and pricing power is crucial for the second half of the year [6] - A moderate level of CPI inflation is necessary to indicate companies' ability to pass on tariff increases (50-60%) to consumers [7] Fiscal Policy & Investment - The tax and budget bill acts as a stimulus, offsetting some of the negative impacts of tariff increases on consumers [8][9] - Immediate expensing and accelerated depreciation may lead companies to pull forward CapEx and R&D investments [10] - $7 trillion in money market assets could potentially shift into longer-dated fixed income or riskier assets like equities [11] Fixed Income & Rate Cuts - Expect approximately 100 basis points (1%) or four cuts of 25 basis points (0.25%) by the Federal Reserve over the next 12 months [12][14] - The feed-through of tariffs to consumer price inflation is happening more gradually than expected, causing the Fed to remain in a "wait and see" mode [15] - The focus should be on the all-in yield in securitized debt, municipal bonds, and high yield, rather than timing credit spread improvements or rate cuts [16]

The closing bell. Bloomberg's comprehensive cross-platform coverage of the U.S. market close starts right now. And right now, we are 2 minutes away from the end of the trading day.Romaine Bostick here with Scarlet Fu taking you through to that closing bell with a global simulcast and it starts right down to the center back in the radio booth. Carol Massar joining them for the day. Welcome to our audiences across all of our Bloomberg platforms, including our partnership with YouTube.Fractional gains for the ...

A mixed day here for the market. The S&P and NASDAQ hit new highs to start the week amid earnings optimism. Um you can see though the Dow finishing fractionally lower.We get results for profits so far for the second quarter. They're tracking for 5% year-over-year growth. Communication services, materials, and discretionary were your S&P 500 sector leaders.Energy and healthcare lag. ...

patterns and some still unsettled policy debates spoil the mood here to get into all that is Dan Greenhouse of Solus Alternative Asset Management. Dan good to see you. Thank you for having me.Thanks for coming by. Listen, there's always something to worry about. We could always make a list of the concerns.We talk about that all the time. But really the markets in aggregate, whether you look at credit spreads, you look at volatility levels, you look at the all time highs on a weekly basis, the breadth of the ...

Core Insights - Domino's Pizza, Inc. (DPZ) reported second-quarter fiscal 2025 results with earnings missing estimates but revenues exceeding expectations, leading to a 5.3% increase in shares during pre-market trading [1][3]. Revenue and Earnings - Adjusted earnings per share (EPS) for the quarter were $3.81, falling short of the Zacks Consensus Estimate of $3.93 and down 5.5% from $4.03 in the same quarter last year [3][9]. - Revenues reached $1,145.1 million, surpassing the consensus mark of $1,144 million, and increased by 4.3% year-over-year, driven by U.S. franchise advertising and higher supply-chain revenues [3][9]. Market Performance - The company experienced revenue growth due to gains in both delivery and carryout channels in the U.S., capturing additional market share in the competitive pizza quick-service restaurant segment [2]. - Global retail sales (excluding foreign currency impact) rose 5.6% year-over-year, with U.S. store sales increasing by 5.1% and international store sales by 6% [5]. Store Metrics - Domino's opened 178 net new stores during the second quarter [4]. - Comparable store sales (comps) in the U.S. rose 3.4% year-over-year, while international comps increased by 2.4% [5][6]. Margin Analysis - Gross margin expanded by 70 basis points year-over-year to 40.1%, although the gross margin for U.S. company-owned stores contracted by 200 basis points to 15.6% due to rising food costs and insurance expenses [7]. Financial Position - As of June 15, 2025, cash and cash equivalents stood at $272.9 million, up from $186.1 million at the end of 2024, while long-term debt remained stable at $3.83 billion [8]. - Capital expenditure for the quarter was $32.2 million, down from $43.7 million in the prior year, and the company repurchased 315,696 shares for $150 million [10]. Dividend Information - A cash dividend of $1.74 per share was declared, scheduled for payment on September 30, 2025, to shareholders of record as of September 15 [10].

as tariff fears ebb. Joining us now Tom Lee Fundstrat Global Advisors head of research. Probably not coming as a big surprise to you, Tom.You've been saying similar things, but one of the things you're emphasizing today, the most hated V-shape bounce in history, or at least in your young but but getting older life. >> Yes, that's right. I think many people when April happened and we tariff Armageddon and the market went into a freefall, investors liquidated because they thought we were entering a recession. ...

What is it that you're most focused in on in zeroed in on this earnings period. Well, you know, what's interesting when I reflect back on it's been such a busy year, so much news. But one of the things that I think has been maybe appreciated by the market but not appreciated as much by the commentators is what a reinforcing narrative we've seen around.So of course, we're focused on tariffs, we're focused on on everything that's happening at the Fed. But if we roll the clock back to the start of the year and ...