Good morning investors! Situation in the Middle East remains messy as investors focus on earnings.
Today we cover:
SpaceX moves
GM reports
Avoiding DotCom bubble
📊 Economy and News
The World is Betting Against SpaceX
Space X has set Aug. 4 as its first earnings report, which triggers a major lock-up expiration. At the same time, Elon Musk responded to the growing short interest in SpaceX, predicting investors betting against the company would ultimately lose.
This comes when wagers against the company have grown to roughly 32% of its publicly tradable shares.
The stock is already down from its IPO price and some expect it to fall more.
Global hits:
Canada’s CPP taps foreign investors to grow C$100 billion bond program.
Mexico’s economy grew 1.7% in June.
Taiwan’s June export orders from US surge 83.6% year-on-year.
Reminder: Bessent says U.S. could sanction China over AI model ‘theft’. In other news, U.S. Trade Representative Jamieson Greer signaled another round of President Donald Trump’s tariffs is on the way. Lastly, Abu Dhabi approves $6.2 billion gas project to boost UAE supply.
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📈 Stocks
S&P 500 7,510.57 (+0.92%)
DJIA 52,211.48 (+0.74%)
NASDAQ 25,842.74 (+1.32%)
BRENT CRUDE 91.47 (+2.54%)
* Prices as of Jul 22nd, 12:20 AM UTC
GM Beats Q2 Earnings, Raises 2026 Guidance on Strong Pricing and Resilient Demand
General Motors reported strong second-quarter results, beating Wall Street expectations and raising its full-year 2026 guidance. The Detroit automaker cited consistent vehicle pricing, lower warranty costs, and narrowing EV losses as key drivers.
Q2 Highlights:
Adjusted EPS: $3.57 (vs. $3.20 expected)
Revenue: $48.03 billion (vs. $47.01 billion expected)
GM raised its 2026 outlook for adjusted EBIT to $14–16 billion and adjusted EPS to $12–14. It also increased expected automotive free cash flow to $9.5–11.5 billion. North American operations remained the primary growth engine, supported by a strong pickup truck and SUV lineup with average transaction prices near $52,000.
CFO Paul Jacobson called the company’s momentum “palpable” and described the stock — trading around $75 — as a “bargain.” CEO Mary Barra highlighted an 8.6% adjusted EBIT margin in North America, up 2.5 points year-over-year.
Also, GM’s next-generation Cadillacs will include new gas versions of the CT5 sedan, XT5 midsize SUV and discontinued three-row XT6 SUV.
Shares of GM rose about 5% following the announcement. The company noted it has largely completed major charges related to its EV pullback.
Interesting: Novo Nordisk sues Eli Lilly, alleging misleading GLP-1 advertising.
Nvidia is now selling its own central processing unit for AI, called Vera.
Options traders are betting Tesla could see its biggest post-earnings move in a year when the electric auto giant reports today.
Surprising: Nebius shares rose after an Nvidia SEC filing showed a 9.3% stake in the Dutch neocloud. Elsewhere, BlackRock, Carhartt, Ford and Google launch skilled trades workforce initiative. Lastly, Google expands Gemini lineup with cheaper models and new Mythos rival.
💵 Personal Finance
Avoid Dotcom Bubble Mistakes: Protect Your Portfolio from Tech Overhype
The “Magnificent 7” and tech stocks have driven massive gains, but current conditions echo the late 1990s dotcom bubble.
Over-concentration in technology led to heavy losses for many investors in the early 2000s.
Experts recommend:
Build a diversified core: Use broad ETFs like S&P 500, Russell 2000, or international/emerging market funds.
Cap thematic exposure: Limit sector or AI-themed ETFs to no more than 20% of equities after establishing core holdings.
Assess affordability: Only invest what you can afford to lose. Consider your time horizon and risk tolerance.
Plan for taxes: Growth stocks trigger capital gains. Have a strategy to take profits and consider tax-loss harvesting when needed.
Financial advisors stress discipline: Know why you own an investment and when to sell. Hedged equity ETFs can offer tech exposure with some downside protection.
By staying diversified and avoiding emotional decisions, investors can participate in tech innovation without risking another dotcom-style wipeout.
💰 Be a Better Investor
“If your expectations grow faster than your income you’ll never be happy with your money no matter how much you accumulate.”
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