Today's War Room Trading Recap

🔹 Major Movers

Alphabet (GOOGL)

• Shares jumped ~1.6–1.9% following strong Q2 performance (24% earnings growth, 14% revenue rise). They also announced a $10 billion increase in AI-related capex AP News.

Tesla (TSLA)

• Dropped ~8–9% after Q2 earnings showed a 16% net income decline and 12% revenue fall. CEO Elon Musk signaled “rough quarters ahead” due to expiring EV incentives and softening macro climate Barron’s+1Investopedia+1.

Other Earnings Highlights

• UnitedHealth slid ~4% amid a DOJ probe into Medicare billing Reuters+2Investors+2Barron’s+2.

• IBM & Honeywell fell despite beating estimates: IBM dropped ~8–9% on weak software guidance; Honeywell slid ~5% Reuters+2Barron’s+2Investors+2.

• Netflix extended a slump, falling 8% and triggering sell signals Investors.

• T-Mobile, ServiceNow, Las Vegas Sands climbed on strong earnings and positive outlooks Barron’s+1Investors+1.

🌍 Macro & Trade Sentiment

• Trade optimism emerged from reports that Trump is working on trade deals—15% tariffs with Japan are confirmed, and potential EU pact in progress ahead of the Aug 1 tariff decision Reuters+1timesofindia.indiatimes.com+1.

• European Central Bank held rates steady at 2%, citing easing inflation and trade uncertainties wsj.com+3theguardian.com+3AP News+3.

🔍 What Mattered Today

🔮 Outlook

• Earnings season continues: focus will shift to upcoming reports (Intel, Newmont, VeriSign).

• Tariff timeline: August 1 is a key date—markets will respond sharply to any escalation or easing.

• Fed policy watch: Persistently strong labor/economic data may delay a rate cut beyond September.

• Market breadth caution: Despite headline highs, many sectors and stocks are diverging—rotation and volatility may rise.