Earnings season dominated the tape today. Comcast reported mixed results. Its broadband pivot is weighing on near-term finances. Management flagged positive early momentum converting free wireless subscribers to paid. Peacock and Telemundo recorded record World Cup engagement.
T-Mobile fell after a mixed quarter. Subscriber growth came in slower than expected. The miss sent the stock lower and dragged on sector peer AT&T.
Honeywell was an active mover on the industrial side. The CEO said divestitures of two business units are now expected by early August — roughly two months ahead of plan. Revenue expectations for 2026 were cut by ~$400M. Management sees a sharp growth pickup in process automation for the second half.
Fuel costs hit airlines hard. American Airlines CFO warned that expected Q3 fuel costs have risen by more than $700M since the start of July. That adds up to nearly $1.6B for the rest of 2026. also reported today. Investors are watching leisure demand trends closely.
The calendar remains packed. Coca-Cola, PayPal, and Hilton report Monday. Tuesday brings the biggest names of the week — Microsoft, Qualcomm, and Chipotle. Short sellers have already fled MSFT ahead of results. SI dropped 94% in a week to just 0.06% of free float.
New York Mayor Zohran Mamdani tapped Lina Khan — the former FTC chair and fierce antitrust critic — for a key economic role. The move drew Wall Street attention. Meta and Amazon were named directly as past targets.
IBM and Texas Instruments both received price target upgrades today. IBM's consensus target rose to $262.85. KeyBanc lifted TXN to $400, maintaining a Buy. Both stocks carry minimal short interest.
ORTEX Market Intelligence content is generated by AI from a snapshot of ORTEX's proprietary data. Content is informational only and does not constitute investment advice.
