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General Dynamics Raises Earnings Outlook Following Second-Quarter Beat
Wire

General Dynamics Raises Earnings Outlook Following Second-Quarter Beat

General Dynamics (GD) reported fiscal second-quarter results ahead of Wall Street estimates and increased its full-year earnings guidance amid strong order activity.Earnings grew to $4.24 a share in the quarter through July 5 from $3.74 a year earlier, ahead of the Street's projections for $3.96. Revenue rose 8.1% to $14.09 billion, surpassing the $13.52 billion modeled by analysts.For fiscal 2026, the aerospace and defense company raised its EPS outlook to between $16.80 and $16.90 from its prior range of $16.45 to $16.55. Analysts polled by FactSet are looking for $16.77."Our businesses delivered solid results in the quarter, with revenue growth across all four segments -- including double-digit increases in revenue and noteworthy margin expansion in aerospace and marine systems," Chief Executive Phebe Novakovic said in an earnings release Wednesday.Second-quarter orders totaled $20 billion, including $5.3 billion for the aerospace segment. The company saw "the strongest first half for orders for aerospace since 2022, (reflecting) very solid demand across the entire Gulfstream product line," Chief Financial Officer Kimberly Kuryea said on an earnings call, according to a FactSet transcript.Morgan Stanley expected increasing global defense spending to serve as a tailwind for General Dynamics. "The (Trump) administration's emphasis on shoring up the US shipbuilding industry in particular also bodes well for (General Dynamics') marine business, though improvements will take time to materialize," the brokerage said in a note to clients e-mailed July 15.Last week, other key industry players RTX (RTX), Lockheed Martin (LMT) and Northrop Grumman (NOC) raised their full-year guidance and posted second-quarter sales ahead of the Street's views.General Dynamics reported a 10.4% operating margin for the second quarter versus 10.5% in the linking quarter.The sequential decline came "despite the fact that operating margins by line of business all improved," President Danny Deep said on the call Wednesday. "This is attributable to a slightly disadvantageous mix, plus a modest increase in both (general and administrative expenses) and (research and development)."Price: $390.43, Change: $-2.76, Percent Change: -0.70%

$GD$LMT$NOC$RTX
Insider Trading

RTX Insider Sold Shares Worth $1,504,928, According to a Recent SEC Filing

Kevin G DaSilva, Senior Vice President and Treasurer, on July 24, 2026, sold 7,010 shares in RTX (RTX) for $1,504,928. Following the Form 4 filing with the SEC, DaSilva has control over a total of 20,252 common shares of the company, with 20,099 shares held directly and 153 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/101829/000122520826006771/xslF345X05/doc4.xml

$RTX
Insider Trading

RTX Insider Sold Shares Worth $500,424, According to a Recent SEC Filing

Tracy A Atkinson, Director, on July 27, 2026, sold 2,295 shares in RTX (RTX) for $500,424. Following the Form 4 filing with the SEC, Atkinson has control over a total of 1,785 common shares of the company, with 1,785 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/101829/000122520826006772/xslF345X05/doc4.xml

$RTX
Insider Trading

RTX Insider Sold Shares Worth $1,799,487, According to a Recent SEC Filing

Troy D Brunk, President, Collins Aerospace, on July 24, 2026, sold 8,557 shares in RTX (RTX) for $1,799,487. Following the Form 4 filing with the SEC, Brunk has control over a total of 11,524 common shares of the company, with 8,809 shares held directly and 2,715 controlled indirectly.SEC Filing:https://www.sec.gov/Archives/edgar/data/101829/000122520826006773/xslF345X05/doc4.xml

$RTX
Research

William O'Neil Initiates RTX at Buy

RTX (RTX) has an average rating of overweight and mean price target of $232.55, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$RTX
Wire

RTX Q2 Results Beat Expectations on Strong Aerospace, Defense Demand, RBC Says

RTX (RTX) reported strong Q2 results as all three business segments exceeded expectations amid robust aerospace and defense demand, RBC Capital Markets said.Adjusted earnings beat expectations by 14%, while organic growth reached 18% at Raytheon, 17% at Pratt & Whitney and 13% at Collins Aerospace. The company's total backlog rose 22% to $289 billion.Raytheon's roughly $20 billion in awards was supported by strong missile defense demand and international orders.The company raised its 2026 sales, adjusted earnings and free cash flow guidance, with the midpoint for sales and adjusted earnings above consensus estimates. The brokerage said the stronger-than-expected guidance raise should support sentiment.Investor attention is likely to shift toward Raytheon's strong defense momentum and execution on Pratt & Whitney's GTF recovery remains on track, according to the note Thursday.RBC maintained an outperform rating on RTX and raised the price target to $250 from $230.Shares of RTX were up 2.1% in Friday afternoon trading.Price: $213.66, Change: $+4.50, Percent Change: +2.15%

$RTX
Wire

RTX Could See More Growth From Defense, Aerospace Demand, Morgan Stanley Says

RTX (RTX) could deliver stronger revenue, margins and free cash flow through 2027 as defense orders rise, commercial aerospace demand stays firm, Pratt & Whitney improves engine servicing and Collins cuts costs, Morgan Stanley said in a note Friday.The investment firm said RTX's record $289 billion backlog and strong demand for aircraft parts, maintenance services, missiles and air defense systems should support continued growth, with Raytheon to provide the largest earnings upside, helped by its $86 billion backlog, rising international orders and five missile defense agreements that have not yet entered the backlog.Pratt & Whitney could benefit from higher aftermarket sales as engine repair output improves, service times fall and fewer aircraft remain grounded, Morgan Stanley said, adding that Collins could also lift earnings as higher aircraft production and cost reductions help margins move toward 19% to 20% over time.The 2026 adjusted earnings estimate was raised to $7.25 per share from $6.90 and increased its 2027 and 2028 forecasts to $7.85 and $8.50 per share, respectively, according to the note.Morgan Stanley maintained the company's overweight rating and raised its price target to $240 from $220.Price: $213.83, Change: $+4.67, Percent Change: +2.23%

$RTX
Wire

Citigroup Adjusts Price Target on RTX to $240 From $226, Maintains Buy Rating

RTX (RTX) has an average rating of overweight and mean price target of $229.90, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $214.00, Change: $+4.84, Percent Change: +2.31%

$RTX
Wire

JPMorgan Raises Price Target on RTX to $240 From $215, Maintains Overweight Rating

RTX (RTX) has an average rating of overweight and mean price target of $228.24, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $211.08, Change: $+2.01, Percent Change: +0.96%

$RTX
Update: Nasdaq, S&P 500 Log Worst Day in More Than Four Weeks as Brent Tops $100
US Markets

Update: Nasdaq, S&P 500 Log Worst Day in More Than Four Weeks as Brent Tops $100

(Updates with market moves at the end of the day.)The Nasdaq Composite and the S&P 500 fell the most in more than four weeks on Thursday as Alphabet (GOOG, GOOGL) and Tesla (TSLA) shares tumbled, while Brent crude rose back above $100 a barrel.The Nasdaq shed nearly 2.2% to settle at 25,137.69, while the S&P 500 fell 1.2% to 7,408.30 -- marking their biggest one-day declines since June 23. The Dow Jones Industrial Average dipped 1% to 51,711.65. Most sectors were in the red, led by communication services and consumer discretionary, while industrials paced the gainers.Alphabet's class A shares tumbled 7.1%, the worst performer on the Dow, while its class C shares slumped 6.9%. Tesla slumped nearly 15%, the steepest decline on the S&P 500.Late Wednesday, the Google parent and Tesla indicated rising artificial intelligence capital spending that analysts said could drive a bigger cash burn than previously projected.Brent futures were trading 6.3% higher at $100.03 a barrel, crossing the $100 level for the first time since May. West Texas Intermediate crude jumped 5.5% to $91.59.The Iran-backed Houthi militants in Yemen reportedly claimed attacks on two Saudi Arabian oil tankers in the Red Sea.US President Donald Trump threatened "major military punishment" against Iran if its Houthi proxy continues attacking ships, according to his social media post on Thursday. The US Central Command said Wednesday it struck Iran for the 12th consecutive night.Treasury yields jumped, with the two-year rate up 4.9 basis points at 4.35% and the 10-year rate rising 4.2 basis points to 4.7%."Rising oil prices have revived talk of a (Federal Reserve) rate hike, with rates markets now beginning to treat next week's (Federal Open Market Committee) meeting as a live decision after the 10-year yield pushed back toward its year-to-date high," Saxo Bank said in a report Thursday.The probability that the Fed will leave its benchmark lending rate unchanged next week fell to 64% Thursday from 88% a week earlier, according to the CME FedWatch tool. The odds of a quarter-percentage-point increase rose to 36% from 12%.Elsewhere in the corporate sector, RTX (RTX) and Lockheed Martin (LMT) raised their full-year guidance after both defense contractors reported second-quarter results above Wall Street's expectations. Lockheed jumped nearly 11%, the biggest gain on the S&P 500, while RTX advanced 7.3%.Gold fell 2.5% to $4,047.90 per troy ounce, while silver lost 4.2% to $57.75 per ounce.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$LMT$RTX$TSLA
Wire

Baird Raises RTX Price Target to $240 From $225

RTX (RTX) has an average rating of overweight and mean price target of $220, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)Price: $208.80, Change: $+13.92, Percent Change: +7.14%

$RTX
Update: Equity Markets Fall Intraday as Brent Crosses $100; Alphabet, Tesla Tumble
US Markets

Update: Equity Markets Fall Intraday as Brent Crosses $100; Alphabet, Tesla Tumble

(Updates with latest market prices and developments.)US benchmark equity indexes were lower intraday, weighed down by post-earnings selloffs in Alphabet (GOOG, GOOGL) and Tesla (TSLA) shares, while a widening Middle East conflict sent Brent crude above $100 a barrel.The Nasdaq Composite was down 2.1% at 25,160.8 after midday Thursday, while the S&P 500 fell 1.2% to 7,411.4. The Dow Jones Industrial Average dipped 0.9% to 51,747.98. Among sectors, consumer discretionary and communication services saw the steepest declines, both shedding more than 4%, while industrials paced the gainers.Alphabet's class A shares were down 6.3% intraday, the worst performer on the Dow, while its class C shares slumped 6.2%. Late Wednesday, the Google parent raised its 2026 capital expenditure guidance as it reported stronger-than-expected revenue for the second quarter amid a surge in the Google cloud segment's sales.Tesla's stock slumped nearly 14% intraday, the steepest decline on the S&P 500. Late Wednesday, the electric vehicle manufacturer reported an unexpected year-over-year decline in its second-quarter earnings, weighed down by higher operating expenses.Brent futures were trading 7.2% higher at $100.85 a barrel, after rising to as high as $101.20 earlier in the day. The global benchmark crossed the $100 level for the first time since May. West Texas Intermediate crude jumped 6.8% to $92.74.US gas prices hit an average $4.091 per gallon on Thursday, up from $3.943 a week ago, according to data from AAA, a travel organization that tracks fuel prices in the country.The Iran-backed Houthi militants in Yemen reportedly claimed attacks on two Saudi Arabian oil tankers in the Red Sea.US President Donald Trump threatened "major military punishment" against Iran if its Houthi proxy continues attacking ships, according to his social media post on Thursday. The US Central Command said Wednesday it struck Iran for the 12th consecutive night.Treasury yields were higher intraday, with the two-year rate rising 5.3 basis points to 4.36% and the 10-year rate rising 4.2 basis points to 4.7%."Rising oil prices have revived talk of a (Federal Reserve) rate hike, with rates markets now beginning to treat next week's (Federal Open Market Committee) meeting as a live decision after the 10-year yield pushed back toward its year-to-date high," Saxo Bank said in a report Thursday.The probability that the Fed will leave its benchmark lending rate unchanged next week fell to 64% Thursday from 88% a week earlier, according to the CME FedWatch tool. The odds of a quarter-percentage-point increase rose about 36% from 12%.Elsewhere in the corporate sector, RTX (RTX) and Lockheed Martin (LMT) raised their full-year guidance after both defense contractors reported second-quarter results above Wall Street's expectations. Lockheed was up 9.1% intraday, while RTX advanced 7.2%, both among the biggest gainers on the S&P 500.Gold fell 2.4% to $4,053.90 per troy ounce, while silver lost 3.7% to $58.10 per ounce.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$LMT$RTX$TSLA
RTX, Lockheed Martin Raise Outlook Amid Strong Second Quarter, Record Backlog
US Markets

RTX, Lockheed Martin Raise Outlook Amid Strong Second Quarter, Record Backlog

RTX (RTX) and Lockheed Martin (LMT) raised their full-year guidance after both defense contractors reported second-quarter results above Wall Street's expectations, lifting their shares in Thursday trading.RTX now projects adjusted per-share earnings of $7.10 to $7.25 for 2026, up from the previous $6.70 to $6.90 range. Full-year adjusted sales are now pegged at $95 billion to $96 billion, compared with the prior outlook of $92.5 billion to $93.5 billion. Analysts in a FactSet survey are looking for non-GAAP EPS of $6.95 and sales of $94.21 billion.For the June quarter, RTX's adjusted EPS rose to $1.89 from $1.56 a year earlier, exceeding the FactSet-polled consensus of $1.66. Revenue surged 14% to $24.71 billion, while the Street expected $22.89 billion.Shares of RTX were up 7.5% intraday Thursday, taking year-to-date gains to 14%."Based on our first-half execution and the demand strength we're seeing across our commercial and defense markets, we're raising our full-year outlook for adjusted sales, EPS and free cash flow," Chief Executive Chris Calio said during an earnings conference call, according to a FactSet transcript.All three RTX business segments -- Raytheon defense solutions, Pratt & Whitney, and Collins Aerospace -- delivered higher sales year over year. The company's backlog reached a record $289 billion, up 22% year over year, Calio told analysts.Separately, Lockheed Martin said it now expects 2026 EPS of $29.95 to $30.65, up from the most recent outlook of $29.35 to $30.25. Full-year sales are now estimated at $79.75 billion to $81.75 billion, compared with $77.50 billion to $80 billion previously expected. Analysts are looking for EPS of $29.88 and sales of $79.17 billion.Lockheed Martin reported EPS of $7.94 for the second quarter, more than five times the $1.46 reported for the prior-year quarter and surpassing the consensus of $7.19. Sales jumped 11% to $20.06 billion, while the Street projected $19.34 billion.Lockheed said its backlog surged to an all-time high of $230.42 billion at the end of the second quarter from $193.62 billion at the end of 2025. The company's shares were advancing by 11% in Thursday trade, and are now up about 18% so far this year.Second-quarter revenue in the aeronautics division rose to $8.11 billion from $7.42 billion a year earlier, while the rotary and mission systems business jumped to $4.35 billion from nearly $4 billion. Both the missiles and fire control and space segments also posted gains."We are raising our 2026 guidance, reflecting our confidence that our strategy is gaining momentum, and we will continue to produce sustained profitable growth over the next few years," CEO Jim Taiclet told analysts in an earnings call, according to a FactSet transcript.On Tuesday, aerospace and defense technology provider Northrop Grumman (NOC) raised its full-year guidance as strong second-quarter orders pushed its backlog to a record high.Price: $209.42, Change: $+14.54, Percent Change: +7.46%

$LMT$RTX
Wire

Top Midday Stories: Alphabet Doubles Q2 Capital Spending; Tesla Reports Earnings Decline, Negative Free Cash Flow

All three major US stock indexes were down in late-morning trading Thursday, as Alphabet (GOOG) and Tesla (TSLA) stocks were down after the two tech giants announced increased spending in artificial intelligence.In company news, Alphabet reported Q2 earnings late Wednesday of $9.11 per diluted share, up from $2.31 a year earlier, and above the FactSet consensus analyst estimate of $2.88. Q2 revenue was $119.80 billion, up from $96.43 billion a year ago and above the FactSet consensus of $117.06 billion. Alphabet's Q2 capital expenditure doubled year over year to $44.92 billion from $22.45 billion, bringing total capital spending for the first six months of the year to $80.60 billion. The company revised its 2026 capital expenditure forecast to between $180 billion and $190 billion in April, up from its previous estimate of $175 billion to $185 billion. Alphabet shares were down 7% around midday.On Thursday, Alphabet's Google was fined a total of 890 million euros ($1.04 billion) by the European Commission after the regulator found the company violated the Digital Markets Act. The Commission fined Google 460 million euros over its Google Search practices and 430 million euros for restricting app developers from steering users to alternative purchasing channels outside Google Play. The European Commission ordered Google to end the violations within 60 days by treating third-party services fairly in search rankings and allowing app developers to freely communicate and promote offers outside Google Play, with failure to comply resulting in periodic penalty payments of up to 5% of Google's total worldwide turnover. The company said it is reviewing the decision and evaluating all options, including an appeal.Tesla (TSLA) reported Q2 adjusted earnings late Wednesday of $0.33 per diluted share, down from $0.40 a year earlier and below the FactSet consensus analyst estimate of $0.55. Q2 revenue was $28.24 billion, up from $22.50 billion a year ago and above the FactSet consensus of $26.42 billion. Operating expenses jumped 47% on a yearly basis to $4.35 billion and rose sequentially as well. The auto manufacturer ended the quarter with a negative free cash flow as capital expenditures "more than doubled" from the previous three-month period, Chief Financial Officer Vaibhav Taneja said during an earnings call,. The company continues to expect its capital expenditures to be at over $25 billion this year, the CFO added. "[Capital expenditures] will grow for the next two or three years as we expand our Robotaxi fleet, expand our production capacity for Optimus, make investments for semiconductor fab, install solar manufacturing capacity and AI compute infrastructure in addition to all the other expansions we'll do for other manufacturing for automotive," Taneja told analysts. Tesla shares were down 14%.Intel (INTC) and Advanced Micro Devices (AMD) are signing longer-term contracts to sell data center processors, or chips, to China-based server customers, Reuters reported Thursday, citing two unnamed sources familiar with the talks. China is also building out data centers, which require not only advanced chips, but also memory chips and central processing units, according to the report. China-based chip buyers are looking to lock in supplies in one- to two-year supply contracts, which do not fix prices, the report said. Intel shares were down 1.8%, while AMD shares were down 2.3%.RTX (RTX) reported Q2 adjusted earnings Thursday of $1.89 per diluted share, up from $1.56 a year earlier, and above the FactSet consensus analyst estimate of $1.66. Q2 net sales were $24.71 billion, up from $21.58 billion a year earlier and above the FactSet consensus of $22.89 billion. The company raised its 2026 adjusted EPS guidance to between $7.10 and $7.25, from the previous range of $6.70 to $6.90. Analysts polled by FactSet expect $6.95. RTX shares were up 7.5%.IBM (IBM) said Thursday that it signed a definitive agreement to acquire research and development institution HRL Laboratories from joint owners Boeing (BA) and General Motors (GM). Financial terms were not disclosed. Boeing and GM will continue to partner with IBM on quantum applications and advanced technology development. HRL's expertise in silicon-spin qubits and quantum sensing will support IBM's quantum computing plans, IBM said. The transaction is expected to close by the end of Q3. IBM shares were up 0.7%, Boeing shares were 0.3% lower, and General Motors shares were down 3.3%.Price: $318.15, Change: $-23.76, Percent Change: -6.95%

$AMD$BA$GM$GOOG$GOOGL$IBM$INTC$RTX$TSLA
Asia Markets

Update: US Equity Futures Drop Pre-Bell as Mid-East Conflict Expands to Potentially Include Red Sea

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were lower pre-bell Thursday as traders considered the possibility of the Middle East conflict spreading to a new front in the Red Sea, lifting oil prices closer to the $100 mark.Dow Jones Industrial Average futures were 0.6% lower, S&P 500 futures were down 0.8%, and Nasdaq futures were 1.1% lower.The US launched attacks on Iran for the 12th consecutive day, US Central Command said in a post on X. Iran-backed Houthis in Yemen have claimed they attacked two Saudi Arabian oil tankers in the Red Sea for allegedly violating their announced blockade, in a potential new front for the war, according to multiple media reports.Alphabet's (GOOG, GOOGL) Google posted higher earnings and revenue for Q2, but the company's stock dropped 5% in premarket activity as it increased its forecasted capital expenditures to as high as $205 billion.Intel (INTC) is is expected to report its Q2 earnings after the market closes. Analysts polled by FactSet expect earnings of $0.22 per share on revenue of $14.44 billion.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 5.5% at $99.27 per barrel and US West Texas Intermediate crude 4.3% higher at $90.55 per barrel.Initial jobless claims dropped to 187,000 in the week ended July 18 from 209,000 in the previous week, compared with expectations for an increase to 210,000 in a survey compiled by Bloomberg.In other world markets, Japan's Nikkei closed 0.5% higher, Hong Kong's Hang Seng ended 1.3% higher, and China's Shanghai Composite finished 0.3% higher. Meanwhile, the UK's FTSE 100 was down 0.5%, and Germany's DAX index was 0.8% lower in Europe's early afternoon session.In equities, Tesla (TSLA) shares fell 7.6% after the company reported an unexpected year-over-year decline in its Q2 earnings and missing analysts' consensus estimates. T-Mobile US (TMUS) stock was down 5.7% after the company posted lower-than expected Q2 revenue. Texas Instruments (TXN) shares were 4.7% lower despite the company reporting higher Q2 earnings and revenue.On the winning side, RTX (RTX) stock was up 5.9% after the company surpassed consensus estimates for Q2 adjusted earnings and net sales. Thermo Fisher Scientific (TMO) shares rose 5% after the company reported better-than-expected fiscal Q2 adjusted earnings and revenue. Lockheed Martin (LMT) stock was 4.9% higher after the company posted a Q2 beat for earnings and sales, as well as increased its 2026 EPS outlook.

Dow JonesNasdaq CompositeS&P 500$GOOG$GOOGL$INTC$LMT$RTX$TMO$TMUS$TSLA$TXN
Wire

RTX's Collins Aerospace, Etihad Engineering Start Aircraft-Service Venture in Abu Dhabi

RTX (RTX) unit Collins Aerospace and Etihad Airways Engineering agreed to form a joint venture that will provide aircraft maintenance services in Abu Dhabi.The venture will handle engine-cover and braking-system repairs, along with support services, for Airbus A350 and Boeing 787 aircraft flown by regional and international carriers, the companies said Tuesday in a statement.Collins will move its existing operations in the United Arab Emirates to Etihad Engineering's aviation-maintenance center near Zayed International Airport, doubling its presence in the Middle East under the agreement, the statement said.The new 3,250-square-meter facility is expected to begin operations in Q1 2027 and will become part of Collins' global aircraft-support network, the statement said.Price: $196.43, Change: $+1.99, Percent Change: +1.02%

$RTX
Early S&P 500 Results Smash Profit Growth Estimates, Oppenheimer Says
US Markets

Early S&P 500 Results Smash Profit Growth Estimates, Oppenheimer Says

Quarterly results of an initial batch of S&P 500 companies show that earnings growth so far is tracking at more than double the expected pace, according to an Oppenheimer Asset Management report released Monday.Some 47 companies, or less than 10% of the large-cap index' constituents, have reported financial results in the current cycle, with earnings and revenue up around 52% and 16% year over year, respectively, the report showed.Ahead of the reporting season, FactSet put expected earnings growth at 23.6% from a year earlier, according to Oppenheimer."The (second-quarter) earnings season got off to a solid start last week," Oppenheimer Asset Management Chief Investment Strategist John Stoltzfus said, highlighting "outsized" results particularly among technology and financial companies.The technology sector so far led earnings growth among the 11 sectors, with results from five companies showing a nearly 243% surge in profits year over year, the report showed. The financial sector followed with a 38% increase.Technology also outshined in terms of revenue with a 67% jump so far, followed again by financials, which saw an increase of 18%.This week, 86 S&P 500 companies are scheduled to release their latest quarterly financials, according to Oppenheimer. Two of the so-called Magnificent 7 -- Alphabet (GOOG, GOOGL) and Tesla (TSLA) -- report after the markets close Wednesday.Also releasing their quarterly results this week are Intel (INTC), Philip Morris International (PM), RTX (RTX), T-Mobile US (TMUS), American Express (AXP), International Business Machines (IBM), AT&T (T), and NextEra Energy (NEE)."We continue to expect good results for S&P 500 earnings this reporting season as fundamentals remain in our view conducive to continued economic growth that should be supportive of revenue and earnings growth going forward," Stoltzfus said.Price: $356.94, Change: $+10.82, Percent Change: +3.13%

$AXP$GOOG$GOOGL$IBM$INTC$NEE$PM$RTX$T$TMUS$TSLA
Asia Markets

Update: US Equity Futures Edge Higher Pre-Bell as Traders Monitor Middle East Situation, Anticipate Week's Tech Earnings

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were higher pre-bell Monday as traders monitored the latest developments in the Middle East conflict and look forward to earnings from several tech giants this week.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.9% higher.US Central Command said in a post on X that it successfully completed a ninth consecutive evening of strikes against Iran in a continuing effort to diminish its ability to attack commercial vessels transiting the Strait of Hormuz.Despite the constant exchange of attacks between both sides, Iran's Foreign Ministry spokesman Esmail Baghaei said that negotiations with the US could be pursued based on national interests.Alphabet (GOOG, GOOGL), Tesla (TSLA), Intel (INTC), and Texas Instruments (TXN) are set to release their financial results this week. Anticipated earnings also include GE Vernova (GEV), Philip Morris International (PM), RTX (RTX),and American Express (AXP).Oil prices were higher, with front-month global benchmark North Sea Brent crude up 0.5% at $88.52 per barrel and US West Texas Intermediate crude 0.1% higher at $81.88 per barrel.June's leading indicators data is scheduled to be released 10 am ET.In other world markets, Hong Kong's Hang Seng ended 2.4% higher and China's Shanghai Composite finished 0.9% higher. Japan's Nikkei was closed due to a public holiday. Meanwhile, the UK's FTSE 100 was down 0.2%, and Germany's DAX index was 0.3% higher in Europe's early afternoon session.In equities, semiconductor stocks, including Micron Technology (MU), SK Hynix (SKHY), and AMD (AMD), were up in premarket activity. Micron Technology shares rose 4.8%, SK Hynix stock was up 5.3%, and AMD shares were 3.9% higher. Domino's Pizza (DPZ) stock was up 6.7% after the company reported higher fiscal Q2 earnings and revenue.On the losing side, Ryanair (RYAAY) stock was down 2.5% after the company posted fiscal Q1 earnings and revenue that missed analysts' consensus estimates.

Dow JonesNasdaq CompositeS&P 500$AMD$AXP$DPZ$GEV$GOOG$GOOGL$INTC$MU$PM$RTX$RYAAY$SKHY$TSLA$TXN
Japan

US Equity Futures Edge Higher Pre-Bell as Traders Monitor Middle East Situation, Anticipate Week's Tech Earnings

US equity futures were higher pre-bell Monday as traders monitored the latest developments in the Middle East conflict and look forward to earnings from several tech giants this week.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.6%, and Nasdaq futures were 1.1% higher.US Central Command said in a post on X that it successfully completed a ninth consecutive evening of strikes against Iran in a continuing effort to diminish its ability to attack commercial vessels transiting the Strait of Hormuz.Despite the constant exchange of attacks between both sides, Iran's Foreign Ministry spokesman Esmail Baghaei said that negotiations with the US could be pursued based on national interests.Alphabet (GOOG, GOOGL), Tesla (TSLA), Intel (INTC), and Texas Instruments (TXN) are set to release their financial results this week. Anticipated earnings also include GE Vernova (GEV), Philip Morris International (PM), RTX (RTX),and American Express (AXP).Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.9% at $86.46 per barrel and US West Texas Intermediate crude 2.4% lower at $79.82 per barrel.June's leading indicators data is scheduled to be released 10 am ET.

Dow JonesNasdaq CompositeS&P 500$AXP$GEV$GOOG$GOOGL$INTC$PM$RTX$TSLA$TXN
Wire

RTX to Invest $100 Million in Rhode Island Facility Expansion

RTX (RTX) said Monday its Raytheon unit will invest $100 million to expand its facility in Portsmouth, Rhode Island.The upgrade is intended to accelerate testing of the Lower Tier Air and Missile Defense Sensor, or LTAMDS, radar while increasing production capacity for Patriot missile subcomponents.Price: $180.24, Change: $-0.75, Percent Change: -0.41%

$RTX

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