Thursday, July twenty third, 2026
Hostilities heating up within the Strait of Hormuz are taking spot oil costs up 4-5% and pre-market futures down precipitously. With the Yemeni Houthis now concerned bombing Saudi oil tankers and repeated U.S. air strikes in Iran, WTI oil costs have risen +4% to over $91 per barrel (/bbl) and Brent crude is up +5% to just about $100/bbl.
The Dow, in consequence, is down -560 factors at this hour. The S&P 500 is -83 and the tech-heavy Nasdaq is -450. The small-cap Russell 2000 is -27 factors at this hour. This, regardless of largely optimistic knowledge in earnings stories yesterday afternoon from Texas Devices TXN, Southwest Airways LUV and most particularly Alphabet GOOGL. All these shares are down in as we speak’s pre-market buying and selling session.
Jobless Claims Again to Nineteen Sixties Lows: 187K, 1.796M
Previous to the Covid pandemic, which pushed jobless claims as much as file highs within the first half of 2020, we noticed Weekly Jobless Claims cut back to lows not seen since Jimi Hendrix was on the album charts (album charts? ask your mother and father) within the late Nineteen Sixties. We’re again there once more this morning: Preliminary Jobless Claims reached 187K for final week, effectively beneath the 212K anticipated and the marginally upwardly revised 209K the earlier week.
For Persevering with Claims, extra of the identical: 1.796 million is beneath the downwardly revised 1.798 million from the prior week, the bottom print because the week of Could thirtieth, which included the Memorial Day vacation. A 12 months in the past, we have been effectively above 1.9 million longer-term jobless claims (with out ever hitting the psychologically essential 2 million jobless claims), however we haven’t touched 1.9 million in any respect in 2026 to date.
Q2 Earnings Outcomes at a Look
The world’s largest airline, American Airways AAL, posted a whopping +400% optimistic earnings shock this morning, swinging to a optimistic earnings outcome from a 12 months in the past to $0.15 per share. Revenues of $16.74 billion additionally beat estimates, by a decidedly much less eye-popping +0.22%, however up massive from the $14.39 billion reported within the year-ago quarter. Gas prices in upcoming quarters is weighing on the share value this morning, nonetheless. For extra on AAL’s earnings, click on right here.
T-Cell U.S. TMUS shares are buying and selling down -5% at this hour, regardless of reporting a +25.7% earnings beat to $3.13 per share this morning, effectively forward of the $2.84 per share posted within the year-ago quarter. Revenues got here in at $22.79 billion, a +0.21% enchancment from estimates and the $21.13 billion from Q2 2025. For extra on TMUS’ earnings, click on right here.
Funding financial institution Blackstone BX shares are flattish this morning — thought of excellent news within the present buying and selling local weather — after surpassing earnings expectations by +14.3% to $1.52 per share. Revenues shocked by a stable +12.7% to $3.8 billion within the quarter. Shares are nonetheless down -20% 12 months thus far, nevertheless it’s good to see the inventory not being additional gutted on this morning’s selloff. For extra on BX’s earnings, click on right here.
Aerospace and protection big Lockheed Martin LMT shares are up in as we speak’s pre-market by +5.5%, partly on elevated tensions within the Center East which can push up demand for navy operation services and products, and partly on a powerful Q2 efficiency. Earnings of $7.94 per share outpaced estimates by +9.97%, up from the $7.29 per share reported a 12 months in the past. Revenues of $20.06 billion beat forecasts by +3.26% this morning. For extra on LMT’s earnings, click on right here.
Intel Stories After Immediately’s Shut
After as we speak’s shut, we’ll see Q2 earnings outcomes from Zacks Rank #1 (Sturdy Purchase) tech agency Intel INTC. The “world’s largest semiconductor firm” has completely crushed earnings estimates over the previous three quarters, and for the quarter it’s anticipated to have grown +310% on earnings 12 months over 12 months, and +12% on revenues.
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Zacks’ Analysis Chief Names “Inventory Most More likely to Double”
Our crew of specialists has simply launched the 5 shares with the best chance of gaining +100% or extra within the coming months. Of these 5, Director of Analysis Sheraz Mian highlights the one inventory set to climb highest.
This prime choose is a little-known satellite-based communications agency. House is projected to grow to be a trillion greenback trade, and this firm’s buyer base is rising quick. Analysts have forecasted a significant income breakout in 2025. After all, all our elite picks aren’t winners however this one might far surpass earlier Zacks’ Shares Set to Double like Hims & Hers Well being, which shot up +209%.
Free: See Our Prime Inventory And 4 Runners Up
Lockheed Martin Company (LMT) : Free Inventory Evaluation Report
Intel Company (INTC) : Free Inventory Evaluation Report
Blackstone Inc. (BX) : Free Inventory Evaluation Report
Texas Devices Included (TXN) : Free Inventory Evaluation Report
Southwest Airways Co. (LUV) : Free Inventory Evaluation Report
American Airways Group Inc. (AAL) : Free Inventory Evaluation Report
T-Cell US, Inc. (TMUS) : Free Inventory Evaluation Report
Alphabet Inc. (GOOGL) : Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.
