🌅 Today's Morning Call
|
S&P Futures
7,554.75
▲ +10.75 (+0.14%)
|
Nasdaq Futures
29,638.25
▲ +214.75 (+0.73%)
|
Dow Futures
52,447.00
▼ -150.00 (-0.29%)
|
|
10Y Treasury
4.61%
▲ +0.04%
|
US Dollar
101.06
▼ -0.12 (-0.12%)
|
Bitcoin
$62,739
▲ +$474 (+0.76%)
|
Data as of 8:08 AM ET
Good morning! It is Tuesday, July 14, and the big banks just turned in a masterclass quarter while one tech giant is nursing a very public black eye. Futures are mixed but the Nasdaq is leading higher, up nearly three-quarters of a percent, as investors sort through a wave of earnings that arrived overnight. Here is what is moving markets this morning.
👀 What to Watch Today
Today's session is going to be defined by how traders react to the avalanche of bank earnings that hit before the open. Goldman Sachs (GS), JPMorgan (JPM), Bank of America (BAC), and Wells Fargo (WFC) all reported stronger second-quarter results, and the market will be watching whether the sector can sustain a rally or if the good news is already priced in.HCA Healthcare (HCA) is also on the radar after the hospital operator posted preliminary Q2 revenue that beat Wall Street's expectations. Health care has been a quiet performer this year, and HCA's beat could draw fresh attention to the sector heading into the open.
On the macro front, keep an eye on the inflation explainer making the rounds. Prices climbed to a three-year high this summer after the Middle East conflict drove energy costs sharply higher, though energy prices have since pulled back. Traders will be parsing what that means for the Fed's next move, especially with the 10-year Treasury yield ticking up to 4.61 percent this morning.
Your Phone Is Smarter Than Your Inbox
Not every market move can wait. Our text alerts deliver the ones that can't. One short alert, straight to your phone, when something is worth seeing now. No fluff. No noise. No charge.
Text Me the Alerts🌏 Overnight Recap
Overnight global markets digested the same bank earnings wave that is driving early U.S. futures activity. The Middle East conflict context matters here: Goldman Sachs specifically credited market volatility from the ongoing war for boosting its equities trading desk to a record quarter. That same dynamic lifted trading revenues across JPMorgan, BofA, and Wells Fargo.The dollar index (DXY) slipped slightly to 101.06, which is providing a mild tailwind for risk assets and helping push the Nasdaq futures higher. Bitcoin is also catching a modest bid, trading around $62,739, up roughly three-quarters of a percent overnight.
The one sour note came from IBM, which released preliminary second-quarter results that missed expectations badly. Shares are down roughly 14 percent in pre-market trading, a punishing drop that is weighing on the Dow futures, which are off about 150 points. IBM's stumble is a reminder that not every large-cap tech name is riding the current wave.
Sponsored Content
Elon Musk's Insane Projection: 7,692,207%
Where should you invest $100 right now?
Elon Musk just invented and patented this new AI technology...
And he's predicting it will launch a NEW industry that will grow more than 7 million percent in the coming years.
Even if he's only 10% right, that would still be enough to grow $100 into more than $700,000.
📊 Pre-Market Movers
IBM (IBM) is the headline loser this morning, down roughly 14 percent in pre-market after the company released disappointing preliminary Q2 results. That kind of drop on a Dow component is enough to drag index futures lower on its own, which explains why the Dow is the outlier in an otherwise positive futures picture.On the winning side, Goldman Sachs (GS) is looking strong after reporting a surge in Q2 profit fueled by record equities trading and a pickup in dealmaking. JPMorgan (JPM), Bank of America (BAC), and Wells Fargo (WFC) are all trading higher pre-market as well, with WFC's 17 percent profit jump on rising interest income standing out as a particularly clean beat.
HCA Healthcare (HCA) is also pushing higher after its preliminary revenue numbers topped estimates. The stock could be a quieter mover worth watching as the health care trade gets some fresh attention heading into the session.
🔍 Today's Watchlist
- GS, JPM, BAC, WFC: Bank stocks open after a broadly strong earnings sweep. Watch for early sector leadership or profit-taking.
- IBM: Down 14 percent pre-market after an earnings miss. How deep does the selling go at the open?
- HCA Healthcare: Preliminary revenue beat could lift hospital and health care names across the board today.
- 10-Year Treasury at 4.61 percent: Yields are creeping higher. Watch how rate-sensitive sectors like utilities and real estate respond.
- DXY at 101.06: A softer dollar is quietly supporting risk appetite. Any reversal here could shift the tone quickly.
Sponsored Content
Elon's New Currency (BUY NOW)
It's bigger than SpaceX… xAI… or anything Tesla is working on. And it could launch a $480 trillion disruption, thanks to a massive rollout that's already begun all over America. Because Elon's new move targets the biggest market of them all… He's now launching a CURRENCY system.
🎯 The Morning Playbook
The playbook today is straightforward: follow the financials. Four of the largest banks in the country just reported strong quarters, and the market's reaction at the open will tell you a lot about whether this rally has legs or whether the good news was already baked in at current prices.IBM (IBM) is the cautionary tale of the morning. A 14 percent pre-market drop shows how unforgiving this market can be when a big name disappoints, even in a broadly positive environment. If you hold IBM, today is a day to reassess the thesis, not panic-sell into a gap down.
Zoom out and the bigger picture is actually constructive. Banks are healthy, deal activity is picking up, and the softer dollar is supporting risk assets. The 10-year yield at 4.61 percent bears watching, but for now the bulls have the stronger hand. Stay focused, stay selective, and let the first 30 minutes of trading confirm the direction before making any big moves.
📰 Further Reading
Trump Admin to Pump $1 Billion into this "Off-the-Radar" AI Stock (Ad)
The U.S. government pumped more than $1 billion into Intel. The stock popped 128%. It pumped $400 million into MP Materials. The stock popped 200%. It bought 10% of Trilogy Metals. The stock popped 500%. And now, Trump has chosen this AI stock for a $1 billion payday.
Click here for the full story and stock pick (free).
The AI Launch 57X Bigger than the SpaceX IPO (Ad)
Elon Musk could take SpaceX public in 2026, at an estimated $1.75 trillion valuation. The IPO would include Elon's AI model, Grok. But according to Louis Navellier, a radical new AI model will launch this year… kicking off a $100 trillion revolution. The company behind this new tech could outperform...
Click here for full details (including Louis' new pick – free).
While the whole world is watching Elon, the real money is moving somewhere else (Ad)
When Elon Musk ran a Twitter poll in 2021, Tesla lost $30 billion in a single day. When he changed the Twitter logo to Dogecoin, the coin surged 30% overnight. No one alive moves markets the way Elon does. Larry Benedict — the trader who delivered a 279% return on cash in 2025 — says Elon's next mov...
Click here to find out what it is before the "Final Phase" begins.