American Airlines Group Inc., through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo. It operates a mainline fleet of 965 aircraft. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1926 and is headquartered in Fort Worth, Texas.

American Airlines Group, Inc.

The S&P 500 Index ($SPX) (SPY) Thursday closed up +0.07%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.70%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.25%. September E-mini S&P futures (ESU25) rose +0.09%, and September E-mini Nasdaq futures (NQU25) rose +0.33%.
Stock indexes on Thursday settled mostly higher, with the S&P 500 and Nasdaq 100 posting new all-time highs. Earnings results from Alphabet showed solid demand for artificial intelligence and bolstered confidence in technology stocks, which rose after the company reported better-than-expected Q2 revenue. Stocks added to their gains on signs of resilience in the US labor market, following the unexpected decline in weekly initial unemployment claims to a 3-month low.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
On the negative side, Tesla closed down more than -7% after reporting its biggest revenue decline in at least ten years and CEO Musk warning of a "rough patch" for the company for the next year or more. Also, IBM fell more than -7% to weigh on the Dow Jones Industrials after reporting weaker-than-expected Q2 software revenue. In addition, signs of weakness in US manufacturing activity are bearish for stocks after the July S&P US manufacturing PMI fell -3.4 to 49.5, weaker than expectations of 52.7 and the weakest level in 7 months.
US weekly initial unemployment claims unexpectedly fell -4,000 to a 3-month low of 217,000, showing a stronger labor market than expectations of an increase to 226,000.
The US June Chicago Fed national activity index rose +0.06 to -0.10, stronger than expectations of -0.15.
US June new home sales rose +0.6% m/m to 627,000, weaker than expectations of +4.3% m/m to 650,000.
The markets are awaiting President Trump's August 1 deadline for trade deals to avoid high tariffs. Last Wednesday, Mr. Trump announced that he intends to send a tariff letter to more than 150 countries, notifying them that their tariff rates could be 10% or 15%, effective August 1. As an update, Mr. Trump late Wednesday said, "We'll have a straight, simple tariff of anywhere between 15% and 50%," an indication that the floor for tariffs is rising and suggesting that he would not go below 15%.
The markets this week will focus on any tariff news, along with the announcement of any new trade deals. On Friday, June capital goods new orders nondefense ex-aircraft and parts are expected to increase by +0.2% m/m.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 63% at the following meeting on September 16-17.
The markets this week absorbed a heavy slate of quarterly corporate earnings, with reports from about one-fifth of the companies in the S&P 500. Early results now show S&P 500 earnings are on track to rise +3.2% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
Overseas stock markets on Thursday settled higher. The Euro Stoxx 50 closed up +0.20%. China's Shanghai Composite closed up +0.65%. Japan's Nikkei Stock 225 climbed to a new 1-year high and closed up sharply for a second session by +1.59%.
Interest Rates
September 10-year T-notes (ZNU25) Thursday closed down -6 ticks. The 10-year T-note yield rose by +3.2 bp to 4.412%. T-notes were under pressure on Thursday due to reduced safe-haven demand for government securities, as optimism grew that the US would reach more trade deals with its trading partners following the clinching of a deal with Japan on Wednesday. Also, Bloomberg News reported on Wednesday that the US and EU are closing in on a trade deal. T-notes dropped to their lows Thursday after weekly US jobless claims unexpectedly fell to a 3-month low, a sign of labor market strength that is hawkish for Fed policy.
However, T-notes recovered from their worst levels Thursday after June new home sales rose less than expected and the US manufacturing PMI unexpectedly fell to a 7-month low, dovish factors for Fed policy.
European government bond yields on Thursday finished mixed. The 10-year German bund yield rose to a 1-week high of 2.711% and ended up +6.3 bp to 2.702%. The 10-year UK gilt yield fell -1.3 bp to 4.622%.
The Eurozone July S&P manufacturing PMI rose +0.3 to a 3-year high of 49.8, right on expectations. The Eurozone July S&P composite PMI rose +0.4 to 51.0, stronger than expectations of +0.1 to 50.7 and the strongest level in 11 months.
Eurozone Jun new car registrations fell -7.3% y/y to 1.010 million units, the largest decline in 10 months.
The German Aug GfK consumer confidence index unexpectedly fell -1.2 to a 4-month low of -21.5, weaker than expectations of an increase to -19.3.
As expected, the ECB kept the deposit facility rate unchanged at 2.00%. The ECB said, "Inflation is currently at the 2% medium-term target," and the economy has so far proven resilient, but the environment remains uncertain due to trade disputes.
ECB President Lagarde said the economic risks to the Eurozone are tilted to the downside, and a stronger euro could dampen inflation more than expected.
Swaps are discounting the chances at 21% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
The Magnificent Seven stocks, sans Apple and Tesla, rallied Thursday and supported gains in the broader market. Nvidia (NVDA), Amazon.com (AMZN), and Microsoft (MSFT) closed up more than +1%. Also, Alphabet (GOOGL) closed up +0.88%, and Meta Platforms (META) closed up +0.17%.
West Pharmaceutical Services (WST) closed up more than +22% to lead gainers in the S&P 500 after reporting Q2 net sales of $766.5 million, well above the consensus of $726.1 million, and raising its full-year net sales forecast to $3.04 billion-$3.06 billion from a previous forecast of $2.95 billion-$2.98 billion, stronger than the consensus of $2.96 billion.
United Rentals (URI) closed up more than +8% after reporting Q2 revenue of $3.94 billion, above the consensus of $3.90 billion, and said it was adding $400 million to its stock buyback program.
Labcorp Holdings (LH) closed up more than +6% after reporting Q2 revenue of $3.53 billion, better than the consensus of $3.49 billion, and raising its full-year adjusted EPS estimate to $16.05-$16.50 from a previous estimate of $15.70-$16.40.
T-Mobile US (TMUS) closed up more than +5% to lead gainers in the Nasdaq 100 after reporting Q2 total postpaid net customers of 1.77 million, above the consensus of 1.34 million, and raising its full-year postpaid net customers forecast to 6.1 million-6.4 million from a previous estimate of 5.5 million-6.0 million, better than the consensus of 5.94 million.
ServiceNow (NOW) closed up more than +4% after reporting Q2 subscription revenue of $3.11 billion, above the consensus of $3.04 billion, and raising its full-year subscription revenue forecast to $12.78 billion-$12.80 billion from a previous forecast of $12.64 billion-$12.68 billion, stronger than the consensus of $12.68 billion.
Las Vegas Sands (LVS) closed up more than +4% after reporting Q2 net revenue of $3.18 billion, well above the consensus of $2.83 billion.
A O Smith (AOS) closed up more than +3% after boosting its full-year net sales forecast to $3.85 billion-$3.93 billion from a previous forecast of $3.80 billion-$3.90 billion, better than the consensus of $3.86 billion.
LKQ Corp (LKQ) closed down more than -17% to lead losers in the S&P 500 after reporting Q2 adjusted EPS continuing operations of 87 cents, weaker than the consensus of 93 cents.
Dow Inc. (DOW) closed down more than -17% after reporting a Q2 adjusted operating loss per share of -42 cents, a much wider loss than the consensus of -18 cents.
Molina Healthcare (MOH) closed down more than -16% after reporting Q2 adjusted EPS of $5.48, below the consensus of $5.52, and cutting its full-year adjusted EPS forecast to at least $19.00 from a previous estimate of $21.50-$22.50, weaker than the consensus of $22.08.
Chipotle Mexican Grill (CMG) closed down more than -13% after reporting Q2 comparable sales fell -4%, weaker than the consensus of -2.91%, and cutting its full-year comparable sales forecast to 0% from a previous forecast of low single-digits growth.
Tesla (TSLA) closed down more than -7% to lead losers in the Nasdaq 100 after reporting Q2 revenue of $22.50 billion, below the consensus of $22.64 billion, and CEO Musk warning of a "rough patch" for the company for the next year or more.
International Business Machines (IBM) closed down more than -7% to lead losers in the Dow Jones Industrials after reporting Q2 software revenue of $7.39 billion, weaker than the consensus of $7.49 billion.
Southwest Airlines (LUV) closed down more than -11% after cutting its full-year EBIT to $600 million-$800 million from a previous estimate of $1.7 billion, saying it expects fallout from tariff turmoil to erase as much as $1 billion of its annual pre-tax profit this year.
American Airlines Group (AAL) closed down more than -9% after reinstating annual earnings guidance for 2025 from an adjusted loss of -20 cents a share to a profit of 80 cents, with the midpoint well below the consensus of a 72-cent profit.
Earnings Reports (7/25/2025)
Aon PLC (AON), AutoNation Inc (AN), Booz Allen Hamilton Holding Co (BAH), Centene Corp (CNC), Charter Communications Inc (CHTR), Erie Indemnity Co (ERIE), First Citizens BancShares Inc/ (FCNCA), First Hawaiian Inc (FHB), Gentex Corp (GNTX), HCA Healthcare Inc (HCA), Lear Corp (LEA), OneMain Holdings Inc (OMF), Phillips 66 (PSX), Saia Inc (SAIA), Skechers USA Inc (SKX).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

S&P 500 and Nasdaq 100 Post Record Highs on Tech Stock Strength

American Airlines Group Inc. (NASDAQ: AAL) plummeted 9.62% to close at $11.46 on Thursday, as management's cautious Q3 outlook overshadowed the carrier's robust second-quarter performance.
American's steep decline occurred against modest gains in broader markets, with the S&P 500 rising 0.07% and the Nasdaq Composite advancing 0.18%, underscoring that industry-specific worries rather than systemic pressures drove the sell-off. Airline peers also retreated but to a lesser extent, with Delta Air Lines falling 2.27% to $54.71 amid similar soft travel demand concerns, while United Airlines dropped just 0.77% to $89.73, exhibiting greater resilience due to stronger premium revenue and superior balance sheet positioning.
Trading volume surged to approximately 119.4 million shares, indicating aggressive institutional repositioning as traders exited positions ahead of weaker near-term forecasts. The stock opened at $11.79 and traded within a range of $11.33 to $11.84, with the elevated volume combined with the substantial price decline signaling deliberate investor response to forward guidance concerns despite the company's solid quarterly execution.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stock Market Today: American Airlines Drops 9.6% After Weak Q3 Guidance

American Airlines AAL stock was down as much as 10% in Thursday morning's trading session despite pleasantly exceeding Q2 top and bottom-line expectations.
This comes as the largest domestic airline carrier gave a cautious outlook, reinstating but narrowing its full-year EPS guidance amid ongoing uncertainty in travel demand.
That said, American Airlines stated it has moved past the brunt of the economic impact, which begs the question of whether AAL shares are too cheap to ignore after dropping more than 30% this year to around $11.
Image Source: Zacks Investment Research
American Airlines Q2 Review
Reporting Q2 sales of $14.39 billion, American Airlines’ top line slightly expanded from $14.33 billion in the comparative period and edged estimates of $14.28 billion. Thanks to disciplined cost control, which was aided by lower fuel costs, American Airlines' Q2 earnings of $0.95 per share comfortably surpassed expectations of $0.79 by 20%, although this was down from EPS of $1.09 a year ago.
Although weaker cross-border travel demand has been a concern that could weaken the outlook for most airlines in correlation with higher tariffs, American Airlines received a boost from strong international and premium cabin demand, especially in the Atlantic markets, where passenger unit revenue rose 5% year over year.
Joining Delta DAL and United UAL Airlines, which reported Q2 results earlier in the month, American Airlines also received a margin boost from loyalty program growth, seeing a 7% jump in Active AAdvantage accounts and a 6% increase in spending on co-branded credit cards.
Furthermore, American Airlines CEO Robert Isom stated the company is well-positioned to navigate volatility due to its loyalty initiatives, modernized fleet, and strengthened balance sheet.
Image Source: Zacks Investment Research
Reinstated but Lowered EPS Guidance
Notably, American Airlines reinstated but lowered its full-year earnings guidance, expecting adjusted fiscal 2025 EPS to range from a loss of $0.20 to a profit of $0.80, with a midpoint of $0.30. This is significantly lower than previous forecast of $1.70 to $2.70 per share, although the top of the guidance fell in range of the current Zacks Consensus of $0.73.
It’s noteworthy that during Q3, American Airlines anticipates an adjusted loss of $0.10-$0.60 per share, citing weak domestic demand in July.
AAL Valuation Comparison
At current levels, American Airlines stock trades at 17.4X forward earnings. While this comes off as a discount to the benchmark S&P 500’s 24.5X, AAL trades above its Zacks Transportation-Airline Industry average of 14.5X, with Delta and United Airlines trading at just 10X and 9X forward earnings, respectively.
In terms of price-to-sales, American Airlines does significantly stand out, with investors paying just $0.15 for every dollar the company makes. In comparison, Delta, United, and the industry average are at $0.50 or more, with the S&P 500 having a forward P/S ratio of 5.4X.
Image Source: Zacks Investment Research
Conclusion & Final Thoughts
As the largest airline in the world in terms of passengers carried and daily flights, it's very tempting to add long-term positions in American Airlines stock at under $15 a share. However, there could still be better buying opportunities ahead, given American Airlines' cautious outlook in regard to reinstating but lowering its EPS guidance.
For now, AAL lands a Zacks Rank #3 (Hold), and patience is certainly needed for those who invest in American Airlines stock.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Is American Airlines Stock Too Cheap to Ignore After Beating Q2 Expectations?

The S&P 500 Index ($SPX) (SPY) today is up +0.25%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.25%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.21%. September E-mini S&P futures (ESU25) are up +0.23%, and September E-mini Nasdaq futures (NQU25) are up +0.22%.
Stock indexes are mostly higher today, with the S&P 500 posting a new all-time high. Alphabet is leading technology stocks higher after the company reported better-than-expected Q2 revenue, citing strong demand for its AI products. Stocks maintained their gains on signs of resilience in the US labor market, following the unexpected decline in weekly initial unemployment claims to a 3-month low.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
On the negative side, Tesla is down more than -8% after reporting its biggest revenue decline in at least ten years and CEO Musk warning of a "rough patch" for the company for the next year or more. Also, IBM is down more than -8% to weigh on the Dow Jones Industrials after reporting weaker-than-expected Q2 software revenue. In addition, signs of weakness in US manufacturing activity are bearish for stocks after the July S&P US manufacturing PMI fell -3.4 to 49.5, weaker than expectations of 52.7 and the weakest level in 7 months.
US weekly initial unemployment claims unexpectedly fell -4,000 to a 3-month low of 217,000, showing a stronger labor market than expectations of an increase to 226,000.
The US June Chicago Fed national activity index rose +0.06 to -0.10, stronger than expectations of -0.15.
US June new home sales rose +0.6% m/m to 627,000, weaker than expectations of +4.3% m/m to 650,000.
The markets are awaiting President Trump's August 1 deadline for trade deals to avoid high tariffs. Last Wednesday, Mr. Trump announced that he intends to send a tariff letter to more than 150 countries, notifying them that their tariff rates could be 10% or 15%, effective August 1. As an update, Mr. Trump late Wednesday said, "We'll have a straight, simple tariff of anywhere between 15% and 50%," an indication that the floor for tariffs is rising and suggesting that he would not go below 15%.
The markets this week will focus on any tariff news, along with the announcement of any new trade deals. On Friday, June capital goods new orders nondefense ex-aircraft and parts are expected to increase by +0.2% m/m.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 63% at the following meeting on September 16-17.
The markets this week absorbed a heavy slate of quarterly corporate earnings, with reports from about one-fifth of the companies in the S&P 500. Early results now show S&P 500 earnings are on track to rise +3.2% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
Overseas stock markets today are moving higher. The Euro Stoxx 50 is up +0.24%. China's Shanghai Composite closed up +0.65%. Japan's Nikkei Stock 225 climbed to a new 1-year high and closed up sharply for a second session by +1.59%.
Interest Rates
September 10-year T-notes (ZNU25) today are down -7 ticks. The 10-year T-note yield is up +3.4 bp to 4.413%. T-notes are under pressure due to reduced safe-haven demand for government securities, as optimism grows that the US will reach more trade deals with its trading partners following the clinching of a deal with Japan on Wednesday. Also, Bloomberg News reported on Wednesday that the US and EU are closing in on a trade deal. T-notes dropped to their lows after weekly US jobless claims unexpectedly fell to a 3-month low, a sign of labor market strength that is hawkish for Fed policy.
However, T-notes recovered from their worst levels today after June new home sales rose less than expected and the US manufacturing PMI unexpectedly fell to a 7-month low, dovish factors for Fed policy.
European government bond yields today are mixed. The 10-year German bund yield rose to a 1-week high of 2.711% and is up +5.5 bp to 2.694%. The 10-year UK gilt yield is down -0.4 bp to 4.630%.
The Eurozone July S&P manufacturing PMI rose +0.3 to a 3-year high of 49.8, right on expectations. The Eurozone July S&P composite PMI rose +0.4 to 51.0, stronger than expectations of +0.1 to 50.7 and the strongest level in 11 months.
Eurozone Jun new car registrations fell -7.3% y/y to 1.010 million units, the largest decline in 10 months.
The German Aug GfK consumer confidence index unexpectedly fell -1.2 to a 4-month low of -21.5, weaker than expectations of an increase to -19.3.
As expected, the ECB kept the deposit facility rate unchanged at 2.00%. The ECB said, "Inflation is currently at the 2% medium-term target," and the economy has so far proven resilient, but the environment remains uncertain due to trade disputes.
ECB President Lagarde said the economic risks to the Eurozone are tilted to the downside, and a stronger euro could dampen inflation more than expected.
Swaps are discounting the chances at 27% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Alphabet (GOOGL) is up more than +2% after reporting Q2 revenue ex-TAC of $81.72 billion, stronger than the consensus of $79.60 billion.
West Pharmaceutical Services (WST) is up more than +22% to lead gainers in the S&P 500 after reporting Q2 net sales of $766.5 million, well above the consensus of $726.1 million, and raising its full-year net sales forecast to $3.04 billion-$3.06 billion from a previous forecast of $2.95 billion-$2.98 billion, stronger than the consensus of $2.96 billion.
Labcorp Holdings (LH) is up more than +10% after reporting Q2 revenue of $3.53 billion, better than the consensus of $3.49 billion, and raising its full-year adjusted EPS estimate to $16.05-$16.50 from a previous estimate of $15.70-$16.40.
T-Mobile US (TMUS) is up more than +6% to lead gainers in the Nasdaq 100 after reporting Q2 total postpaid net customers of 1.77 million, above the consensus of 1.34 million, and raising its full-year postpaid net customers forecast to 6.1 million-6.4 million from a previous estimate of 5.5 million-6.0 million, better than the consensus of 5.94 million.
A O Smith (AOS) is up more than +7% after boosting its full-year net sales forecast to $3.85 billion-$3.93 billion from a previous forecast of $3.80 billion-$3.90 billion, better than the consensus of $3.86 billion.
United Rentals (URI) is up more than +7% after reporting Q2 revenue of $3.94 billion, above the consensus of $3.90 billion, and said it was adding $400 million to its stock buyback program.
ServiceNow (NOW) is up more than +4% after reporting Q2 subscription revenue of $3.11 billion, above the consensus of $3.04 billion, and raising its full-year subscription revenue forecast to $12.78 billion-$12.80 billion from a previous forecast of $12.64 billion-$12.68 billion, stronger than the consensus of $12.68 billion.
Las Vegas Sands (LVS) is up more than +4% after reporting Q2 net revenue of $3.18 billion, well above the consensus of $2.83 billion.
LKQ Corp (LKQ) is down more than -21% to lead losers in the S&P 500 after reporting Q2 adjusted EPS continuing operations of 87 cents, weaker than the consensus of 93 cents.
Dow Inc. (DOW) is down more than -14% after reporting a Q2 adjusted operating loss per share of -42 cents, a much wider loss than the consensus of -18 cents.
Chipotle Mexican Grill (CMG) is down more than -11% after reporting Q2 comparable sales fell -4%, weaker than the consensus of -2.91%, and cutting its full-year comparable sales forecast to 0% from a previous forecast of low single-digits growth.
Tesla (TSLA) is down more than -8% to lead losers in the Nasdaq 100 after reporting Q2 revenue of $22.50 billion, below the consensus of $22.64 billion, and CEO Musk warning of a "rough patch" for the company for the next year or more.
International Business Machines (IBM) is down more than -8% to lead losers in the Dow Jones Industrials after reporting Q2 software revenue of $7.39 billion, weaker than the consensus of $7.49 billion.
Southwest Airlines (LUV) is down more than -10% after cutting its full-year EBIT to $600 million-$800 million from a previous estimate of $1.7 billion, saying it expects fallout from tariff turmoil to erase as much as $1 billion of its annual pre-tax profit this year.
Molina Healthcare (MOH) is down more than -9% after reporting Q2 adjusted EPS of $5.48, below the consensus of $5.52, and cutting its full-year adjusted EPS forecast to at least $19.00 from a previous estimate of $21.50-$22.50, weaker than the consensus of $22.08.
American Airlines Group (AAL) is down more than -7% after reinstating annual earnings guidance for 2025 from an adjusted loss of -20 cents a share to a profit of 80 cents, with the midpoint well below the consensus of a 72-cent profit.
Earnings Reports (7/24/2025)
A O Smith Corp (AOS), Allegion plc (ALLE), Ameriprise Financial Inc (AMP), Blackstone Inc (BX), CenterPoint Energy Inc (CNP), Deckers Outdoor Corp (DECK), Digital Realty Trust Inc (DLR), Dover Corp (DOV), Dow Inc (DOW), Edwards Lifesciences Corp (EW), Healthpeak Properties Inc (DOC), Honeywell International Inc (HON), Intel Corp (INTC), Keurig Dr Pepper Inc (KDP), L3Harris Technologies Inc (LHX), Labcorp Holdings Inc (LH), LKQ Corp (LKQ), Mohawk Industries Inc (MHK), Nasdaq Inc (NDAQ), Newmont Corp (NEM), Pool Corp (POOL), Southwest Airlines Co (LUV), Textron Inc (TXT), Tractor Supply Co (TSCO), Union Pacific Corp (UNP), Valero Energy Corp (VLO), VeriSign Inc (VRSN), West Pharmaceutical Services Inc (WST), Westinghouse Air Brake Technol (WAB), Weyerhaeuser Co (WY).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Gain on Tech Earnings and US Labor Market Strength

The S&P 500 Index ($SPX) (SPY) today is up +0.08%, the Dow Jones Industrials Index ($DOWI) (DIA) is down -0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.18%. September E-mini S&P futures (ESU25) are up +0.08%, and September E-mini Nasdaq futures (NQU25) are up +0.20%.
Stock indexes are mostly higher today, with the S&P 500 posting a new all-time high. Alphabet is leading technology stocks higher after the company reported better-than-expected Q2 revenue, citing strong demand for its AI products. Stocks maintained their gains on signs of resilience in the US labor market, following the unexpected decline in weekly initial unemployment claims to a 3-month low.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
On the negative side, Tesla is down more than -8% after reporting its biggest revenue decline in at least ten years and CEO Musk warning of a "rough patch" for the company for the next year or more. Also, IBM is down more than -9% to weigh on the Dow Jones Industrials after reporting weaker-than-expected Q2 software revenue. In addition, signs of weakness in US manufacturing activity are bearish for stocks after the July S&P US manufacturing PMI fell -3.4 to 49.5, weaker than expectations of 52.7 and the weakest level in 7 months.
US weekly initial unemployment claims unexpectedly fell -4,000 to a 3-month low of 217,000, showing a stronger labor market than expectations of an increase to 226,000.
The US June Chicago Fed national activity index rose +0.06 to -0.10, stronger than expectations of -0.15.
The markets are awaiting President Trump's August 1 deadline for trade deals to avoid high tariffs. Last Wednesday, Mr. Trump announced that he intends to send a tariff letter to more than 150 countries, notifying them that their tariff rates could be 10% or 15%, effective August 1. As an update, Mr. Trump late Wednesday said, "We'll have a straight, simple tariff of anywhere between 15% and 50%," an indication that the floor for tariffs is rising and suggesting that he would not go below 15%.
The markets this week will focus on any tariff news along with the announcement of any new trade deals. Later today, June new home sales are expected to climb +4.3% m/m to 650,000. On Friday, June capital goods new orders nondefense ex-aircraft and parts are expected to increase by +0.2% m/m.
Federal funds futures prices are discounting the chances for a -25 bp rate cut at 3% at the July 29-30 FOMC meeting and 58% at the following meeting on September 16-17.
The markets this week absorbed a heavy slate of quarterly corporate earnings, with reports from about one-fifth of the companies in the S&P 500. Early results now show S&P 500 earnings are on track to rise +3.2% for the second quarter, better than the pre-season expectations of +2.8% y/y, according to Bloomberg Intelligence. Also, only six of the eleven S&P 500 sectors are projected to post an increase in earnings, the fewest since Q1 of 2023, according to Yardeni Research.
Overseas stock markets today are higher. The Euro Stoxx 50 is up +0.05%. China's Shanghai Composite closed up +0.65%. Japan's Nikkei Stock 225 climbed to a new 1-year high and closed up sharply for a second session by +1.59%.
Interest Rates
September 10-year T-notes (ZNU25) today are down -10 ticks. The 10-year T-note yield is up +5.0 bp to 4.430%. T-notes are under pressure due to reduced safe-haven demand for government securities, as optimism grows that the US will reach more trade deals with its trading partners following the clinching of a deal with Japan on Wednesday. Also, Bloomberg News reported on Wednesday that the US and EU are closing in on a trade deal. Losses in T-notes accelerated after weekly US jobless claims unexpectedly fell to a 3-month low, a sign of labor market strength that is hawkish for Fed policy.
European government bond yields today are moving higher. The 10-year German bund yield is up +3.9 bp to 2.678%. The 10-year UK gilt yield is up +1.6 bp to 4.651%.
The Eurozone July S&P manufacturing PMI rose +0.3 to a 3-year high of 49.8, right on expectations. The Eurozone July S&P composite PMI rose +0.4 to 51.0, stronger than expectations of +0.1 to 50.7 and the strongest level in 11 months.
Eurozone Jun new car registrations fell -7.3% y/y to 1.010 million units, the largest decline in 10 months.
The German Aug GfK consumer confidence index unexpectedly fell -1.2 to a 4-month low of -21.5, weaker than expectations of an increase to -19.3.
As expected, the ECB kept the deposit facility rate unchanged at 2.00%. The ECB said, "Inflation is currently at the 2% medium-term target," and the economy has so far proven resilient, but the environment remains uncertain due to trade disputes.
ECB President Lagarde said the economic risks to the Eurozone are tilted to the downside, and a stronger euro could dampen inflation more than expected.
Swaps are discounting the chances at 27% for a -25 bp rate cut by the ECB at the September 11 policy meeting.
US Stock Movers
Alphabet (GOOGL) is up more than +2% after reporting Q2 revenue ex-TAC of $81.72 billion, stronger than the consensus of $79.60 billion.
West Pharmaceutical Services (WST) is up more than +27% to lead gainers in the S&P 500 after reporting Q2 net sales of $766.5 million, well above the consensus of $726.1 million, and raising its full-year net sales forecast to $3.04 billion-$3.06 billion from a previous forecast of $2.95 billion-$2.98 billion, stronger than the consensus of $2.96 billion.
Labcorp Holdings (LH) is up more than +9% after reporting Q2 revenue of $3.53 billion, better than the consensus of $3.49 billion, and raising its full-year adjusted EPS estimate to $16.05-$16.50 from a previous estimate of $15.70-$16.40.
T-Mobile US (TMUS) is up more than +6% to lead gainers in the Nasdaq 100 after reporting Q2 total postpaid net customers of 1.77 million, above the consensus of 1.34 million, and raising its full-year postpaid net customers forecast to 6.1 million-6.4 million from a previous estimate of 5.5 million-6.0 million, better than the consensus of 5.94 million.
ServiceNow (NOW) is up more than +5% after reporting Q2 subscription revenue of $3.11 billion, above the consensus of $3.04 billion, and raising its full-year subscription revenue forecast to $12.78 billion-$12.80 billion from a previous forecast of $12.64 billion-$12.68 billion, stronger than the consensus of $12.68 billion.
Las Vegas Sands (LVS) is up more than +4% after reporting Q2 net revenue of $3.18 billion, well above the consensus of $2.83 billion.
Tractor Supply Co (TSCO) is up more than +3% after reporting Q2 comparable same-store sales rose +1.5%, stronger than the consensus of +0.44%
LKQ Corp (LKQ) is down more than -20% to lead losers in the S&P 500 after reporting Q2 adjusted EPS continuing operations of 87 cents, weaker than the consensus of 93 cents.
Dow Inc (DOW) is down more than -12% after reporting a Q2 adjusted operating loss per share of -42 cents, a much wider loss than the consensus of -18 cents.
Chipotle Mexican Grill (CMG) is down more than -12% after reporting Q2 comparable sales fell -4%, weaker than the consensus of -2.91%, and cutting its full-year comparable sales forecast to 0% from a previous forecast of low single-digits growth.
Tesla (TSLA) is down more than -8% to lead losers in the Nasdaq 100 after reporting Q2 revenue of $22.50 billion, below the consensus of $22.64 billion, and CEO Musk warning of a "rough patch" for the company for the next year or more.
International Business Machines (IBM) is down more than -9% to lead losers in the Dow Jones Industrials after reporting Q2 software revenue of $7.39 billion, weaker than the consensus of $7.49 billion.
Molina Healthcare (MOH) is down more than -6% after reporting Q2 adjusted EPS of $5.48, below the consensus of $5.52, and cutting its full-year adjusted EPS forecast to at least $19.00 from a previous estimate of $21.50-$22.50, weaker than the consensus of $22.08.
American Airlines Group (AAL) is down more than -9% after reinstating annual earnings guidance for 2025 from an adjusted loss of -20 cents a share to a profit of 80 cents, with the midpoint well below the consensus of a 72-cent profit.
Southwest Airlines (LUV) is down more than -9% after cutting its full-year EBIT to $600 million-$800 million from a previous estimate of $1.7 billion, saying it expects fallout from tariff turmoil to erase as much as $1 billion of its annual pre-tax profit this year.
Earnings Reports (7/24/2025)
A O Smith Corp (AOS), Allegion plc (ALLE), Ameriprise Financial Inc (AMP), Blackstone Inc (BX), CenterPoint Energy Inc (CNP), Deckers Outdoor Corp (DECK), Digital Realty Trust Inc (DLR), Dover Corp (DOV), Dow Inc (DOW), Edwards Lifesciences Corp (EW), Healthpeak Properties Inc (DOC), Honeywell International Inc (HON), Intel Corp (INTC), Keurig Dr Pepper Inc (KDP), L3Harris Technologies Inc (LHX), Labcorp Holdings Inc (LH), LKQ Corp (LKQ), Mohawk Industries Inc (MHK), Nasdaq Inc (NDAQ), Newmont Corp (NEM), Pool Corp (POOL), Southwest Airlines Co (LUV), Textron Inc (TXT), Tractor Supply Co (TSCO), Union Pacific Corp (UNP), Valero Energy Corp (VLO), VeriSign Inc (VRSN), West Pharmaceutical Services Inc (WST), Westinghouse Air Brake Technol (WAB), Weyerhaeuser Co (WY).
On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Stocks Supported by Strong Earnings from Alphabet

In trading on Thursday, the VanEck Rare Earth/Strategic Metals ETF is outperforming other ETFs, up about 4.6% on the day. Components of that ETF showing particular strength include shares of Sigma Lithium, up about 7.6% and shares of Albemarle, up about 7.2% on the day.
And underperforming other ETFs today is the U.S. Global Jets ETF, down about 3.2% in Thursday afternoon trading. Among components of that ETF with the weakest showing on Thursday were shares of Southwest Airlines, lower by about 11.8%, and shares of American Airlines Group, lower by about 7.9% on the day.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Thursday's ETF Movers: REMX, JETS

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American Airlines (AAL) Q2 2025 Earnings Transcript

Key Points
American Airlines beat on sales and earnings this morning.
Revenues held steady year over year, but profits declined 10%.
American Airlines says it will lose money in Q3, and could lose money for the full year as well.
American Airlines (NASDAQ: AAL) stock sank 7.2% through 10:55 a.m. ET Thursday despite reporting an earnings beat for Q2 this morning.
Analysts forecast the airline company would earn $0.77, adjusted for one-time items, on $14.3 billion in Q2 sales. In fact, the airline earned $0.95 on sales of $14.4 billion.
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American Airlines Q2 earnings
What's bad about that? Combing through the numbers, here's what we find: Earnings as calculated according to generally accepted accounting principles (GAAP) were lower than the adjusted figure of $0.91. This was down 10% from what AA earned a year ago, despite quarterly revenue remaining roughly flat.
So obviously, profit margins declined. But why? Well, fuel costs were lower in Q2 2025 than a year ago, but salaries, wages, and benefits cost 11% more, and landing fees grew 7%. Those were among the biggest changes that stand out.
Is American Airlines stock a sell?
I doubt these costs are what's upset investors today, however. Looming larger are concerns about "macro weaknesses" in the economy that are affecting company guidance.
Although American Airlines management says it doesn't necessarily see a reason to worry right now, it worries anyway -- and after reporting its big Q2 profit, told investors it might lose as much as $0.60 per share in Q3, while full-year results could be as good as a $0.80 per-share profit... or as bad as a $0.20 per-share loss.
That's a pretty wide range of potential outcomes for the year, and the only thing AA seems certain of is that it will definitely lose money in the current quarter. With a market cap of only $7.8 billion but more than $28 billion in debt and losses on the horizon, maybe investors should worry about AAL stock, too.
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Rich Smith has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Why American Airlines Stock Tumbled Today

The NASDAQ 100 Pre-Market Indicator is up 52.92 to 23,215.33. The total Pre-Market volume is currently 138,722,697 shares traded.
The following are the most active stocks for the pre-market session:
Direxion Daily TSLA Bull 2X Shares (TSLL) is -1.56 at $11.10, with 27,380,722 shares traded. This represents a 76.47% increase from its 52 Week Low.
Opendoor Technologies Inc (OPEN) is +0.1701 at $2.46, with 14,221,167 shares traded. OPEN's current last sale is 258.96% of the target price of $0.95.
Liminatus Pharma, Inc. (LIMN) is +1.4 at $7.87, with 7,402,152 shares traded.
American Airlines Group, Inc. (AAL) is -0.85 at $11.83, with 7,094,646 shares traded. Over the last four weeks they have had 5 up revisions for the earnings forecast, for the fiscal quarter ending Jun 2025. The consensus EPS forecast is $0.79. Smarter Analyst Reports: American Airlines Jumps 2% on Lower-than-Feared Quarterly Loss, Revenue Beats
Tesla, Inc. (TSLA) is -20.4 at $312.16, with 5,352,080 shares traded. TSLA's current last sale is 103.02% of the target price of $303.
Tradr 2X Short TSLA Daily ETF (TSLQ) is +2.01 at $17.97, with 4,490,200 shares traded. This represents a 26.1% increase from its 52 Week Low.
NIO Inc. (NIO) is +0.06 at $4.98, with 2,179,815 shares traded. NIO's current last sale is 124.5% of the target price of $4.
City Office REIT, Inc. (CIO) is +1.3599 at $6.92, with 2,122,989 shares traded.CIO is scheduled to provide an earnings report on 7/31/2025, for the fiscal quarter ending Jun2025. The consensus earnings per share forecast is 0.25 per share, which represents a 28 percent increase over the EPS one Year Ago
PG&E Corp (PCG) is +0.06 at $13.79, with 2,103,204 shares traded.PCG is scheduled to provide an earnings report on 7/31/2025, for the fiscal quarter ending Jun2025. The consensus earnings per share forecast is 0.34 per share, which represents a 31 percent increase over the EPS one Year Ago
Chipotle Mexican Grill, Inc. (CMG) is -6.39 at $46.39, with 1,777,074 shares traded. As reported by Zacks, the current mean recommendation for CMG is in the "buy range".
American Eagle Outfitters, Inc. (AEO) is +1.9 at $12.72, with 1,593,486 shares traded. AEO's current last sale is 115.64% of the target price of $11.
Dow Inc. (DOW) is -2.92 at $27.45, with 1,393,431 shares traded. DOW's current last sale is 90% of the target price of $30.5.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Pre-Market Most Active for Jul 24, 2025 : TSLL, OPEN, LIMN, AAL, TSLA, TSLQ, NIO, CIO, PCG, CMG, AEO, DOW

(RTTNews) - American Airlines Group Inc. (AAL) said it expects a third-quarter adjusted loss per share to be between $0.10 and $0.60. Based on recent booking trends, American expects full-year adjusted earnings per share to be between a loss of $0.20 and profit of $0.80, with a mid-point of $0.30. The company believes the top end of the range is achievable if demand in the domestic market continues to strengthen.
Second quarter earnings came in at $599 million, or $0.91 per share. This compares with $717 million, or $1.01 per share, last year. Excluding items, American Airlines reported adjusted earnings of $628 million or $0.95 per share for the period. Revenue rose 0.4% to $14.39 billion from $14.33 billion last year.
The company ended the second quarter with $38 billion of total debt and $29 billion of net debt. The company ended the second quarter with $12 billion of total available liquidity.
Shares of American Airlines are down 6% in pre-market trade on Thursday.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.