Just over 500 stocks have reported earnings so far this season.

# of reports=517
73% EPS beat rate
65% revenue beat rate
6% raised guidance
5% lowered guidance

Average 1-day share price reaction has been -0.22%.

Read our just-published Bespoke Report newsletter covering earnings, earnings, and more earnings + this week's key economic data, mega-cap contributions, currency moves, and more: bespokepremium.com/interactive/po…

Key Earnings Reports After the Close on Monday

Crown $CCK
Cushman & Wakefield $CWK
CVR Energy $CVI
NXP Semi $NXPI
Paramount Global $PARA
Sanmina $SANM
Welltower $WELL
Yum China $YUMC

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Key Earnings Reports Before the Open on Monday

Domino's Pizza $DPZ
Franklin Resources $BEN
ON Semi $ON

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Quite a few country ETFs are right inline or a few percentage points above/below the S&P 500 $SPY and Nasdaq 100 $QQQ when looking at three-year total returns. Mexico (EWW) has been the biggest winner.

US small-cap $IWM has been🤮. Down 9.4% on a 3-year total return basis.

Alphabet posts the third largest single-day gain in market cap on record, behind $NVDA and $META which were both earlier this year. $GOOGL

Markets are still pricing that there's a 6% chance that Powell cuts rates at the FOMC meeting next week?

Tesla $TSLA has re-gained a fifth of its value as a company over the last five days.

Caterpillar broke a streak of 99 trading days of closing above both its 50 and 200-day moving averages yesterday. Tied for the sixth-longest streak in the last 40 years. $CAT

Based on where it's trading in the pre-market, shares of Alphabet are on pace to open at a record high, and today's gain would be the second largest one-day increase in market cap on record.

Quote of the Day -
“Lots of companies don't succeed over time. What do they fundamentally do wrong? They usually miss the future.” – Larry Page

Note how well breadth at the long end held up even though shorter term breadth fell sharply recently. The % of stocks above their 200-DMAs remains very healthy, while net new highs has also moved back into positive territory.

Read our newest conference call recaps for Tesla $TSLA, Meta $META, Chipotle $CMG, Alphabet $GOOGL and more with a Bespoke All Access trial. Go here to sign up: bespokepremium.com/interactive/po…

Microsoft revenues were 2% higher than expected with all units beating consensus.

Read more in tonight's Closer: bespokepremium.com/interactive/po…

Key Events Tomorrow (ET)

1 PM:
Baker Hughes Rig Count

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Key Earnings Reports Tomorrow

Before the Open:
AbbVie $ABBV
Aon $AON
Autoliv $ALV
AutoNation $AN
Ball $BALL
Centene $CNC
Charter Comm $CHTR
Chevron $CVX
Colgate-Palmolive $CL
Exxon Mobil $XOM
HCA $HCA
LyondellBasell $LYB
Phillips 66 $PSX
Roper $ROP
T. Rowe Price $TROW

After the…

With natural gas prices down 35% and oil prices up 15% in 2024, the ratio of oil prices to natural gas prices has crossed above 50 for just the second time since 1990. The only other time the oil to natural gas ratio has been above 50 was during a 12-day stretch in April 2012.

The Nasdaq 100 ETF $QQQ was down 1.7% on the day at its lows this morning. After-hours, it's trading up 0.8% versus yesterday's close.