The Day by day Breakdown appears to be like on the earnings response from Apple, Amazon, Alphabet, Meta, and Microsoft — in addition to Bitcoin’s drop.
Earlier than we dive in, let’s be sure you’re set to obtain The Day by day Breakdown every morning. To maintain getting our each day insights, all it is advisable do is log in to your eToro account.
What’s Occurring?
Greater than 40% of the S&P 500’s market cap reported final week — together with round $15 trillion in mixed market cap for Apple, Alphabet, Amazon, Meta, and Microsoft. The response from these corporations? Combined.
Amazon rallied to file highs (as we mentioned yesterday), whereas Alphabet inched larger (+2.5%) and Apple was about flat (-0.4%). Microsoft had a modest drop (-2.9%), whereas Meta actually tumbled (-11.3%).
The Outcomes
These corporations all beat income expectations, and on an adjusted foundation, all of them beat on earnings estimates too. I say “adjusted” earnings as a result of a one-time tax cost of $15.9 billion caught Meta buyers off-guard. Regardless, it was one other robust quarter of progress, which is the theme for tech.
In June, we requested if tech might outperform within the second half, on condition that it was the sector with the very best earnings progress expectations for the yr. Nicely it now has the very best earnings progress expectations for 2026 too — with the Magnificent 7 performing as a robust engine to that progress.
That mentioned, by Monday’s shut the sector is up greater than 30% on the yr vs. a achieve of “simply” 16.5% for the S&P 500. And not using a robust response to earnings — and Palantir isn’t serving to sentiment in the present day — might this group be due for a breather?
Need to obtain these insights straight to your inbox?
Enroll right here
The Setup — Bitcoin
Bitcoin had been doing a fantastic job holding the $107K to $111K vary — a zone that had served as each resistance in 2024 and within the first half of 2025, then as help within the second half of the yr. Now although, BTC is breaking decrease and retesting its October low close to $103,500.
From right here, buyers wish to know if BTC will maintain above $100K and discover help close to the 50-week shifting common. This longer-term shifting common has been a key help stage for about two years now. That doesn’t imply will probably be help this time or that BTC can’t briefly break beneath this measure earlier than regaining it within the weeks or months forward. Bulls must be aware to see if help comes into play above $100K.
Choices and ETFs
For buyers who can’t commerce or aren’t comfy buying and selling cryptocurrencies outright, they’ll think about ETFs. On the BTC entrance, IBIT stays the biggest ETF by property, whereas additionally supporting choices buying and selling.
Bulls can make the most of calls or name spreads to take a position on upside, whereas bears can use places or places unfold to take a position on draw back. In both case, buyers might think about using sufficient time till expiration.
For these trying to be taught extra about choices, think about visiting the eToro Academy.
What Wall Road’s Watching
PLTR
Shares of Palantir hit new file highs on Monday, however are down greater than 7% this morning after the agency reported earnings. That’s regardless of the corporate beating on earnings and income expectations, and with administration elevating steerage. As of Monday’s shut, the inventory was up 174% this yr and 400% over the previous 12 months. Try the chart for PLTR.
UBER
Uber inventory can also be down this morning, slipping about 5% regardless of the agency reporting earnings of $1.03 per share on income of $13.5 billion. These figures had been each above analysts’ expectations, which known as for earnings of 91 cents per share on income of $13.3 billion. In response to CEO Dara Khosrowshahi, “This was our strongest progress for the reason that finish of 2023 and the biggest journey quantity improve in Uber’s historical past exterior the post-Covid rebound.”
RACE
Shares of Ferrari are attempting to maneuver larger this morning regardless of promoting stress in US inventory indices. That’s after the corporate delivered a top- and bottom-line beat, shaking off some tariff-related issues. Take a better have a look at RACE with our current Deep Dive.
Disclaimer:
Please be aware that on account of market volatility, a number of the costs might have already been reached and eventualities performed out.
