Big Tech Earnings Test Tech's Big Rotation: What to Watch This Week

July 20, 2026

Breaking News

Image source: AI-generated with OpenAI

Markets are coming off a volatile week marked by renewed conflict in the Middle East and a sharp sell-off in semiconductor stocks.

Investors now turn their attention to another busy week of earnings, led by Magnificent Seven members Alphabet and Tesla, which are scheduled to report on Wednesday.

The S&P 500 fell 1% on Friday, ending the week down 1.5%.

The Dow Jones Industrial Average lost 0.8% on Friday and finished the week down 0.9%.

The Nasdaq Composite posted the biggest decline, falling 1.4% on Friday and 2.9% for the week.

Geopolitical tensions between the U.S. and Iran remain in focus as renewed fighting threatens the tentative ceasefire and raises concerns over crude oil flows through the Strait of Hormuz. Brent crude briefly climbed above $90 a barrel, its highest level since June.

Beyond Alphabet and Tesla, investors will also watch earnings from Intel on Thursday for insights into the semiconductor sector, along with results from GE Vernova and Honeywell for clues on industrial activity and power demand. Yahoo Finance reports.

EdgeUp

🛰️ Eva Live Targets a $3 Trillion Opportunity With Proposed Acquisition of Airbeam Wireless Technologies; Stock Up in Pre-Market

Eva Live Inc. announced it has signed a letter of intent to acquire a controlling 51% stake in Airbeam Wireless Technologies, with an option to acquire the remaining 49%, in a transaction valuing Airbeam at approximately US$16 million.

The proposed acquisition would provide Eva Live with access to more than 260 patents and advanced millimeter-wave semiconductor technology built on a technology platform that has benefited from more than $150 million in cumulative research, development, and commercialization investment.

The company said the deal would accelerate Eva Defense's vision for autonomous drone swarms, resilient military communications, smart cities, and future space infrastructure.

Eva Live shares rose in pre-market trading following the announcement. Globe Newswire reports.

🚧 Elbit Systems Lands More Than $370 Million in U.S. Border Security Contracts

Elbit Systems Ltd. shares rose in Monday's pre-market trading after the company secured more than $370 million in contracts from U.S. Customs and Border Protection.

Nasdaq futures were up 0.72%, while S&P 500 futures gained 0.29%. Benzinga reports.

🛒 AliExpress Hit With $629 Million EU Fine Over Sales of Illegal, Counterfeit Products

Alibaba's AliExpress has been fined a record €550 million ($629 million) by the European Union for failing to curb the sale of illegal, unsafe, and counterfeit products on its platform.

The penalty is the third issued by the European Commission under the EU's Digital Services Act, which requires very large online platforms to take stronger measures against illegal and harmful content. Yahoo Finance reports.

⛽ U.S. Pump Prices Cross $4 Again on Renewed Fighting in the Middle East

U.S. gasoline prices climbed above $4 per gallon on Monday as renewed hostilities between the U.S. and Iran further disrupted energy flows through the Strait of Hormuz, a critical route for global oil supplies.

National average retail gasoline prices have risen more than 30% since the U.S. and Israel attacked Iran at the end of February.

The national average pump price reached $4.0030 per gallon on Monday, according to data from the American Automobile Association (AAA). Yahoo Finance reports.

🧪 Bezos-Backed AI Startup Launches Initiative to Accelerate Chipmaking Materials Discovery

Producing the world's most in-demand semiconductors requires enormous amounts of energy and access to rare minerals.

British AI startup CuspAI, founded two years ago, has raised nearly $500 million on its vision that artificial intelligence can improve the discovery and development of advanced materials.

On Monday, the company launched the AI Materials Foundry, a coalition of more than 48 technology companies, industrial firms, and research institutions.

The initiative brings together members including Nvidia, Meta Platforms, and Hyundai Motor Group to pool computing power and scientific resources to develop software that helps researchers discover new materials for chipmakers and other industries faster and at a lower cost than current methods. Yahoo Finance reports.

Top 5 Movers in Early Pre-Market

(All pricing and percent gains are based on Early Pre-Market from 4:00 AM to 7:00 AM ET). Stock Analysis reports.

1) BIYA: Baiya International Group Inc.
Total gain: +65.46%

2) SDOT: Sadot Group Inc.
Total gain: +34.07%

3) ADVB: Advanced Biomed Inc.
Total gain: +28.03%

4) CAMP: Camp4 Therapeutics Corporation
Total gain: +15.90%

5) HUT: Hut 8 Corp.
Total gain: +12.81%

Yesterday’s Biggest Movers

The closing price of the top three market percent gainers trading near or above $3 on July 17.

(All pricing and percent gains are based on regular market trading hours from 9:30 AM to 4:00 PM ET) Stock Analysis reports.

1) SDOT: Sadot Group Inc.
Total gain: +77.54%
The stock appeared to be moving on no notable news.

2) BIYA: Baiya International Group Inc.
Total gain: +36.18%
The stock appeared to be moving on no notable news.

3) PHOE: Phoenix Asia Holdings Limited
Total gain: +26.55%
The stock appeared to be moving on no notable news.

Today’s Notable Earnings

(Estimate and Actual numbers represent Earnings Per Share in US Dollars)

PKE: Park Aerospace
Q1 2027
After Market Close
Estimate: 0.140
Actual: N/A

AMC: AMC Enter Hldgs
Q2 2026
Before Market Open
Estimate: -0.050
Actual: N/A

WASH: Washington Trust Bancorp
Q2 2026
After Market Close
Estimate: 0.770
Actual: N/A

Today’s Economic Dates

Time (ET) / Report / Period

10:00 AM - Leading Indicators - June
3:30 PM - Federal Reserve Board of Governors closed meeting - N/A

Parting Thoughts

“Knowing is not enough; we must apply. Willing is not enough; we must do.”

– Johann Wolfgang von Goethe

Sourced in: Goethe's writings (widely attributed).

Disclaimer

TradeZero America, Inc., a United States broker dealer, registered with the Securities and Exchange Commission (SEC) and member of the Financial Industry Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC); TradeZero, Inc., a Bahamian broker dealer, registered with the Securities Commission of the Bahamas ; TradeZero Canada Securities ULC, a Canadian broker dealer, member firm of Canadian Investment Regulatory Organization (CIRO) and member of the Canadian Investor Protection Fund (CIPF); and TradeZero Europe B.V., a Dutch broker dealer, authorized and regulated by the Dutch Authority for the Financial Markets (AFM) (collectively, the “TradeZero Broker Dealers”).

TradeZero Broker Dealers offer self-directed electronic securities trading to their customers. TradeZero Broker Dealers do not provide financial or trading advice and do not make investment recommendations to their customers. This communication does not constitute an offer to sell or a solicitation to buy any security or instrument which it may reference.

The information in this newsletter summarizes the latest market activity and related news and are provided for educational purposes only. Any trading symbols displayed are for illustrative purposes only and do not constitute a recommendation by TradeZero to buy, sell, or hold any investment. This material is not intended to provide investment advice or to take into account any individual’s financial condition, investment objectives, or requirements.

Investing involves risk, including the possible loss of principal.

There is a risk of loss in online trading of securities including equities and options. Trading on margin is for experienced investors whereby the loss can be greater than your initial investment. Likewise, short selling as a securities trading strategy is extremely risky and can lead to potentially unlimited losses.

Options trading is not suitable for all investors as it can involve risk that may expose investors to significant losses. Please read the Characteristics and Risks of Standardized Options, also known as the Options Disclosure Document (ODD) at OCC.

Stocks experiencing significant price volatility may involve substantial risk. Past performance is no guarantee of future results.

Any trading strategies discussed are for educational purposes only and should not be construed as investment advice or a recommendation.

Certain information herein has been obtained from third-party sources believed to be reliable; however, its accuracy or completeness cannot be guaranteed. The views and opinions expressed are those of the author and do not necessarily reflect the views or opinions of TradeZero, its affiliates, or employees.

If you have any specific questions about TradeZero's brokerage services, please reach out to the TradeZero Broker Dealer servicing your jurisdiction.