Schwab Network

Kevin Green offers his latest takeaways from tech earnings, including Intel (INTC) and its nearly 30% selloff as concerns around its PC and foundry businesses mount. Amazon (AMZN) did no favors for investors either as a CapEx increase overshadows impressive AWS cloud growth. KG sees brighter spots in the energy trade in Exxon Mobil (XOM) and Chevron (CVX) earnings, though disruptions in energy transportation showed a notable blemish in the reports. Bitcoin traded significantly lower after hackers steal $6.3 billion from Binance.

CapEx is the name of the AI game, according to Jack Janasiewicz. He explains how the reaction to earnings from Amazon (AMZN), Alphabet (GOOGL), Meta Platforms (META) and Microsoft (MSFT) highlight investors emphasizing ROI and how companies are justifying all the spending. Jack then talks about why he sees the Fed being stuck between a "rock and a hard place" for the foreseeable future. He then turns to fixed income markets and whether it still makes sense for investors to keep bonds tied to their portfolios.

A dicey relationship with Alphabet (GOOGL) and declining daily active users have Reddit (RDDT) shares selling off more than 20% after earnings. Diane King Hall takes investors through the earnings beat and why the DAU metric overshadows the revenue strength. Roblox (RBLX) is also seeing a declining user base, contributing to its selloff. Diane then mentions the rally in Mondelez (MDLZ) despite its mixed results.

Investors are becoming more impatient around the AI trade, according to Michael Landsberg, pointing to investor selloffs in Alphabet (GOOGL), Amazon (AMZN), and Meta Platforms (META) as key examples. As Michael explains, cash flow and guidance concerns are the core reasons behind tech trepidation. A tentative interest rate hiking cycle from the Fed is something he sees adding pressure to long-term economic growth. Micheal adds that neoclouds like CoreWeave (CRWV) and Nebius (NBIS) will face lingering credit concerns as Treasury yields stay elevated.

Curt LaChappelle believes the market is "hungry" for more information regarding the Fed's interest rate strategy and outlook. He sees the U.S.-Iran war serving as the biggest overhang to the inflation picture and expects the FOMC to stay hawkish so long as crude oil prices stay elevated. The AI financing outlook remains another key question Curt says the Fed has danced around, and gives his own perspective on how it affects fixed income. 

Rob Thummel discusses the state of the energy trade as crude oil volatility continues to grip Wall Street. He explains how Exxon Mobil (XOM) and Chevron (CVX) earnings add confidence to his bullish outlook for the sector as the U.S.-Iran war serves as a lingering headwind for the rest of the stock market.

Amazon (AMZN) and Intel (INTC) earnings did no favors in easing concerns around an already fragile AI trade. Kevin Hincks discusses how rising CapEx in Amazon continues to make investors uncomfortable even as AI adds muscle to AWS. He the discusses Intel and its 25% post-earnings plunge just ahead of the opening bell.

While hyperscalers like Alphabet (GOOGL), Amazon (AMZN), and Meta Platforms (META) struggled after earnings, Apple (AAPL) continues to demonstrate outstanding stock strength as the rest of tech flatlines. Tom White takes a bite into Apple's technical trends to show how bullish price action persisted in the face of a selloff in the Nasdaq-100 (NDX). He turns to an example options trade for the Mag 7 stock.

Earnings continue to grow faster than prices, something Dryden Pence sees as a headwind for the greater earnings picture across Wall Street. As for the energy trade, he explains why he's bullish on Exxon Mobil (XOM) and Chevron (CVX) long-term as the U.S.-Iran war continues to ignite production pressures. Dryden also weighs two questions: when will the conflict end, and when will the Strait of Hormuz fully open up to trade again?

Emerson Ham III believes investors and analysts alike "got a little ahead of themselves" on earnings growth expectations. That said, he argues now is a good time to buy the dip on some stocks on anticipation the AI buildout will continue for some time. As he looks ahead to 2027, Emerson addresses whether we'll see the yield curve flatten and makes the case that now is "the best opportunity in 20 years" to invest in fixed income.