Stocks are little moved in the premarket, with the S&P about 0.11% higher.
Per Nasdaq, we’re looking for 186 reports today; today’s four most-valuable reports all are due out in short order.
Industrial heavyweight Honeywell (HON) , energy company TotalEnergies (TTE) , railroad giant Union Pacific (UNP) and investment firm Blackstone (BX) will report results this morning.
A.M. Earnings
Megacaps Trading Places
When Tesla (TSLA) and Google parent Alphabet (GOOGL) reported yesterday, it was the automaker that registered a small gain despite its worst revenue decline in years — not the advertising-and-search-and-cloud business, which handed investors a healthy double beat against analyst estimates.
This morning, they’ve flip-flopped. The key here is where that green box has trended (to orange).
Alphabet is up nearly 4% in premarket trading, putting it at about $197.56 at last glance.
Alphabet chart
And Tesla is now sitting more than 5% below where it ended trading yesterday, at about $313.65 at the moment.
Tesla chart
Could be worse, though. International Business Machines (IBM) has been getting hammered despite strong earnings. A miss on software revenue was to blame. It’s down 6.1% this morning.
IBM chart
Tariff Talks, Gold Jitters
Notably, gold was even lower this morning after yesterday’s tariff rumors. The safe haven metal gyrated yesterday on reports that the U.S. was close to a trade deal with the European Union. At last check it was down $28.90 (-0.85%) to $3,368.60.
Here’s how it’s looking so far this year:
