QUALCOMM Incorporated engages in the development and commercialization of foundational technologies for the wireless industry worldwide. It operates through three segments: Qualcomm CDMA Technologies (QCT); Qualcomm Technology Licensing (QTL); and Qualcomm Strategic Initiatives (QSI). The QCT segment develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies for use in wireless voice and data communications, networking, computing, multimedia, and position location products. The QTL segment grants licenses or provides rights to use portions of its intellectual property portfolio, which include various patent rights useful in the manufacture and sale of wireless products comprising products implementing CDMA2000, WCDMA, LTE and/or OFDMA-based 5G standards and their derivatives. The QSI segment invests in early-stage companies in various industries, including 5G, artificial intelligence, automotive, consumer, enterprise, cloud, IoT, and extended reality, and investments, including non-marketable equity securities and, to a lesser extent, marketable equity securities, and convertible debt instruments. It also provides development, and other services and related products to the United States government agencies and their contractors. The company was incorporated in 1985 and is headquartered in San Diego, California.

QUALCOMM Incorporated

Qualcomm (NASDAQ: QCOM) is scheduled to report a critical investor update at the end of July.
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Should Investors Buy Qualcomm Stock Before July 30?

Qorvo, Inc. QRVO is set to report fiscal first-quarter 2025 results on April 29, after the closing bell. In the last reported quarter, the company delivered an earnings surprise of 24.73%. It pulled off a trailing four-quarter earnings surprise of 40.59% on average.
The leading provider of radio frequency solutions is expected to witness revenue decline year over year owing to weakness in multiple segments. However, a strong emphasis on innovation and portfolio expansion is positive.
Factors at Play
During the quarter, Qorvo introduced two cutting-edge hybrid power doubler amplifiers, QPA3311 and QPA3316, designed for Data Over Cable Service Interface Specification 4.0 broadband cable networks. The DOCSIS technology is essential for delivering high-speed Internet and video services over existing cable systems. Qorvo’s new power doubler amplifiers offer higher total composite power and improved signal integrity to reduce cascade requirements and enhance end-of-line performance. This eliminates the requirement for costly booster amps and lower infrastructure costs.
The company also introduced two high-performance S-Band switched filter bank modules, QPB1034 and QPB1036. The modules are engineered to match the rising demand for agile, compact and efficient radar systems in defense and aerospace applications. Such innovative product launches will likely have a favorable impact on the first-quarter earnings.
However, the company operates in a highly competitive market. The fierce competition is exerting pricing pressure, which remains a matter of concern for the company. Moreover, net sales are also impacted by Macroeconomic headwinds.
Per the Zacks Consensus Estimate, net sales in the High-Performance Analog segment are expected to be $135.76 million in the first quarter of fiscal 2025, implying a decline from $164 million in the year-earlier quarter. Revenues from ACG are projected to be $532.19 million, a decline from $653.6 million reported in the year-ago quarter due to seasonal dynamics. The Connectivity and Sensors Group segment is expected to generate $107.64 million in revenues, up from $122.8 million in the year-ago quarter.
For the June quarter, the Zacks Consensus Estimate for total revenues is pegged at $774.7 million, indicating a 12.63% year-over-year decline. The consensus mark for earnings is pegged at 62 cents per share, indicating a decline from 87 cents per share in the year-ago quarter.
Earnings Whispers
Our proven model does not predicts an earnings beat for Qorvo this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. This is not the case here.
Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Qorvo, Inc. Price and EPS Surprise
Zacks Rank: Qorvo currently has a Zacks Rank #3.
Other Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
Celestica, Inc. CLS is set to release quarterly numbers on July 28. It has an Earnings ESP of +0.81% and carries a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
QUALCOMM Incorporated QCOM is set to release quarterly numbers on July 30. It has an Earnings ESP of +0.60% and carries a Zacks Rank #3.
Rogers Communications Inc. RCI is set to release quarterly numbers on July 23. It has an Earnings ESP of +2.14% and carries a Zacks Rank #2.
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Qorvo Set to Report Q1 Results: Will Revenue Decline Impact Earnings?

Corning Incorporated GLW is set to report its second-quarter 2025 results on July 29, before the opening bell. It delivered a trailing four-quarter earnings surprise of 3.95%, on average. In the last reported quarter, the company reported an earnings surprise of 8%.
The advanced glass substrates producer is likely to have witnessed revenue growth year over year, owing to healthy demand in the Optical Communications and Specialty Materials segments.
Factors at Play for GLW’s Q2 Earnings
During the quarter, Corning entered into a multi-year collaboration with Broadcom, a premier designer, developer and global supplier of a broad range of semiconductor devices. Through this partnership with Corning, Broadcom is aiming to deliver a next-generation co-packaged optics infrastructure designed to enhance the processing capabilities of data centers, marking a significant step toward addressing the growing demands of artificial intelligence workloads. Such strategic partnership is expected to have improved Corning’s prospects in the data center market.
In the quarter under review, Corning announced that one of the world’s leading smartphone manufacturer, Samsung has opted to deploy Gorilla Glass Ceramic 2 in its Galaxy S25 Edge devices. With crystals embedded within its glass matrix, Gorilla Glass Ceramic 2 set a new benchmark of durability and crack deflection capabilities. Such development is expected to have a favorable impact on the second quarter earnings.
Our revenue estimate for the Optical Communication segment is pegged at $1.47 billion, indicating healthy growth from $1.11 billion in the year-ago quarter. Our revenue estimate for Display Technologies segment is pegged at $919.6 million, indicating a 9.3% year-over-year decline. Revenue estimate for the Specialty Materials segment is pegged at $527 million, up 5.2% year over year.
For the June quarter, the Zacks Consensus Estimate for revenues is pegged at $3.85 billion, indicating growth from the year-ago quarter’s figure of $3.6 billion. The consensus estimate for adjusted earnings per share is pegged at 57 cents, implying an increase from the year-ago quarter’s 47 cents.
Earnings Whispers for GLW
Our proven model does not predict an earnings beat for Corning this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the chances of an earnings beat. That is not the case here.
GLW’s Earnings ESP: Earnings ESP, which represents the difference between the Most Accurate Estimate and the Zacks Consensus Estimate, is 0.00%, with both pegged at 57 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Corning Incorporated Price and EPS Surprise
GLW’s Zacks Rank: Corning sports a Zacks Rank #1 at present.
Other Stocks to Consider
Here are some other companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
PayPal Holdings, Inc. PYPL is scheduled to report quarterly numbers on July 29. The Earnings ESP for the company is +0.32% and it carries a Zacks Rank of 2 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Earnings ESP for Qualcomm Technologies, Inc. QCOM is +0.60% and it carries a Zacks Rank of 3 at present. The company is scheduled to report its quarterly numbers on July 30.
Celestica, Inc. CLS is scheduled to report quarterly numbers on July 28. The Earnings ESP for the company is +0.81% and it carries a Zacks Rank of 2 at present.
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Will Strong Top-Line Expansion Boost Corning's Q2 Earnings?

International Business Machines Corporation IBM is scheduled to report second-quarter 2025 earnings on July 23. In the to-be-reported quarter, the company is likely to have recorded higher revenues from the Consulting segment backed by rising demand for technology consulting and business transformation services.
Factors at Play
The Consulting segment comprises Business Transformation, Technology Consulting and Application Operations. It provides consulting and application management services that offer value and innovation to clients by leveraging industry, technology and business strategy, and process know-how.
During the to-be-reported quarter, IBM collaborated with the Masters tournament organizers to launch a wide range of artificial intelligence (AI)-native features to deliver an immersive digital experience for golf fans. The company offered predictive analytics during the game, forecasting how specific holes were likely to be played based on past information. Data-backed recaps throughout the tournament of how each hole had played were available on the APP and the website. These are likely to have generated incremental revenues for the Consulting segment.
In the second quarter, IBM extended its partnership with Deutsche Bank to provide the latter further access to IBM's comprehensive suite of software solutions. This includes IBM's business and IT automation stack, advanced hybrid cloud products and access to the watsonx AI portfolio. This will enable Deutsche Bank to accelerate its digital transformation and optimize its business processes, IT infrastructure and services by replacing legacy solutions, maximizing ROI and delivering an enhanced customer experience.
During the quarter, IBM strengthened its long-term collaboration with Finanz Informatik by inking a new contract for the continued modernization of its software and hardware infrastructure. The new contract will strengthen Finanz Informatik’s cyber resilience, in compliance with the EU Digital Operational Resilience Act, by leveraging state-of-the-art IBM mainframe, Power and storage systems. In addition to an accelerated digital transformation, the deal will enable Finanz Informatik to improve operational efficiency and service delivery. These are likely to have generated incremental revenues in the Consulting segment.
Overall Expectations
The Zacks Consensus Estimate for Consulting revenues is pegged at $5.21 billion, indicating an improvement from $5.18 billion in the year-ago quarter. Our estimate for revenues from Consulting is pegged at $5.17 billion, suggesting a 0.2% decline year over year.
The Zacks Consensus Estimate for total revenues for the company stands at $16.58 billion. It generated revenues of $15.77 billion in the prior-year quarter. The consensus mark for earnings is currently pegged at $2.64 per share, indicating growth from $2.43 in the year-earlier quarter.
International Business Machines Corporation Price and EPS Surprise
Earnings Whispers
Our proven model does not predict an earnings beat for IBM for the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
IBM has an ESP of +1.35% with a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
CommScope Holding Company, Inc. COMM is set to release quarterly numbers on Aug. 7. It has an Earnings ESP of +19.18% and sports a Zacks Rank #1.
The Earnings ESP for Qualcomm Incorporated QCOM is +0.60% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on July 30.
The Earnings ESP for Genpact Limited G is +0.94% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Aug. 7.
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Will Modest Consulting Revenue Growth Aid IBM's Q2 Earnings?

International Business Machines Corporation IBM is scheduled to report second-quarter 2025 earnings on July 23. In the to-be-reported quarter, the company is likely to have recorded higher revenues from the Software segment with a strong focus on product innovation and growing clout of watsonx.ai across various sectors.
Factors at Play
The Software segment includes Hybrid Platform & Solutions comprising software services, Red Hat, automation and data & artificial intelligence (AI) businesses and Transaction Processing.
During the second quarter, IBM extended its multi-year partnership with Microsoft Corporation by establishing a new Microsoft Practice within IBM Consulting. Leveraging the strengths of both companies, the collaboration aims to develop innovative offerings and industry-specific solutions across various verticals such as retail, consumer packaged goods, government, financial services and supply chain. Complementing IBM Copilot Runway and IBM Consulting Azure OpenAI Services, it intends to deliver customized solutions to help businesses unlock new growth opportunities, navigate complex AI, facilitate seamless cloud transition and accelerate digital transformation.
In the quarter, IBM acquired Hakkoda Inc., a prominent data consultancy provider, for an undisclosed amount. The acquisition is expected to strengthen IBM’s data expertise and augment its capability to support clients’ AI transformation initiatives. IBM will also gain access to Hakkoda’s comprehensive portfolio of generative AI tools that effectively expedite data modernization projects and offer clients the necessary flexibility, scalability and strategic guidance to promote their innovation journey.
In the quarter under review, IBM launched watsonx AI Labs in New York City to accelerate AI adoption. This collaborative hub of IBM researchers and engineers with startups, scale-ups and some of the world's largest enterprises will seek to co-create agentic AI solutions for clients and foster the growth of the innovation ecosystem. The watsonx AI Labs will connect IBM's enterprise resources and expertise with the next generation of AI developers seeking to build breakthrough AI applications for businesses. Leveraging the rich technology landscape of the city, the lab aims to attract local talent through collaborations with local universities and research institutions to help build new businesses and applications that will reshape AI for the enterprise. These are likely to have translated into incremental revenues in the Software segment.
Overall Expectations
The Zacks Consensus Estimate for Software revenues is pegged at $7.48 billion, indicating an improvement from $6.74 billion recorded in the year-ago quarter. Our estimate for revenues from Software is pegged at $7.52 billion, suggesting an 11.6% rise year over year.
The Zacks Consensus Estimate for total revenues for the company stands at $16.58 billion. It generated revenues of $15.77 billion in the prior-year quarter. The consensus mark for earnings is currently pegged at $2.64 per share, indicating growth from $2.43 in the year-earlier quarter.
International Business Machines Corporation Price and EPS Surprise
Earnings Whispers
Our proven model does not predict an earnings beat for IBM for the second quarter. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. This is not the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
IBM has an ESP of +1.35% with a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks to Consider
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat this season:
CommScope Holding Company, Inc. COMM is set to release quarterly numbers on Aug. 7. It has an Earnings ESP of +19.18% and sports a Zacks Rank #1.
The Earnings ESP for Qualcomm Incorporated QCOM is +0.60% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on July 30.
The Earnings ESP for Genpact Limited G is +0.94% and it carries a Zacks Rank of 3. The company is scheduled to report quarterly numbers on Aug. 7.
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Will Higher Software Revenues Buoy IBM's Earnings in Q2?

$1,450,000 of QUALCOMM INCORPORATED lobbying was just disclosed, from Q2 of 2025, in a new Lobbying Disclosure Act filing.
This included lobbying on issues like:
"Policies related to transportation funding. Policies related to connected and automated vehicle technologies. Policies related to Artificial Intelligence and immersive technologies.
Policies related to transportation funding. Policies related to connected and automated vehicle technologies. Policies related to Artificial Intelligence and immersive technologies.
Policies related to transportation funding. Policies related to connected and automated vehicle technologies. Policies related to Artificial Intelligence and immersive technologies.
Policies related to transportation funding. Policies related to connected and automated vehicle technologies. Policies related to Artificial Intelligence and immersive technologies. H.R. 1 One Big Beautiful Bill Act H.R. 802 STAR Act of 2025
H.R. 1 One Big Beautiful Bill Act H.R. 802 STAR Act of 2025 Policies related to transportation funding. Policies related to connected and automated vehicle technologies. Policies related to Artificial Intelligence and immersive technologies.
H.R. 1 One Big Beautiful Bill Act H.R. 802 STAR Act of 2025
H.R. 1 One Big Beautiful Bill Act H.R. 802 STAR Act of 2025 Policies related to transportation funding. Policies related to connected and automated vehicle technologies. Policies related to Artificial Intelligence and immersive technologies."
You can find more data on corporate lobbying on Quiver Quantitative.
QCOM Congressional Stock Trading
Members of Congress have traded $QCOM stock 7 times in the past 6 months. Of those trades, 5 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $QCOM stock by members of Congress over the last 6 months:
REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 3 times. They made 3 purchases worth up to $45,000 on 05/05, 04/08, 04/04 and 0 sales.
REPRESENTATIVE JEFFERSON SHREVE has traded it 2 times. They made 1 purchase worth up to $50,000 on 02/24 and 1 sale worth up to $50,000 on 04/07.
To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.
QCOM Insider Trading Activity
QCOM insiders have traded $QCOM stock on the open market 41 times in the past 6 months. Of those trades, 0 have been purchases and 41 have been sales.
Here’s a breakdown of recent trading of $QCOM stock by insiders over the last 6 months:
ALEXANDER H ROGERS (President QTL & Global Affairs) has made 0 purchases and 2 sales selling 19,287 shares for an estimated $3,275,552.
AKASH J. PALKHIWALA (CFO & COO) has made 0 purchases and 35 sales selling 19,669 shares for an estimated $2,969,664.
HEATHER S ACE (Chief Human Resources Officer) has made 0 purchases and 2 sales selling 3,200 shares for an estimated $467,168.
NEIL MARTIN (SVP, Finance and CAO) has made 0 purchases and 2 sales selling 1,530 shares for an estimated $250,881.
QCOM Hedge Fund Activity
We have seen 1,322 institutional investors add shares of QCOM stock to their portfolio, and 1,198 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
KINGSTONE CAPITAL PARTNERS TEXAS, LLC added 58,764,593 shares (+656661.0%) to their portfolio in Q2 2025, for an estimated $9,358,849,081
AMUNDI removed 6,232,959 shares (-42.8%) from their portfolio in Q1 2025, for an estimated $957,444,831
WELLINGTON MANAGEMENT GROUP LLP removed 5,201,085 shares (-54.4%) from their portfolio in Q1 2025, for an estimated $798,938,666
BLACKROCK, INC. added 3,585,707 shares (+3.7%) to their portfolio in Q1 2025, for an estimated $550,800,452
GAMMA INVESTING LLC removed 3,243,092 shares (-99.4%) from their portfolio in Q2 2025, for an estimated $516,494,831
EDGEPOINT INVESTMENT GROUP INC. removed 3,082,396 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $473,486,849
TIGER GLOBAL MANAGEMENT LLC removed 1,857,700 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $285,361,297
QCOM Analyst Ratings
Wall Street analysts have issued reports on $QCOM in the last several months. We have seen 8 firms issue buy ratings on the stock, and 1 firms issue sell ratings.
Here are some recent analyst ratings:
JP Morgan issued a "Overweight" rating on 07/17/2025
B of A Securities issued a "Buy" rating on 06/17/2025
Susquehanna issued a "Positive" rating on 05/01/2025
Wells Fargo issued a "Underweight" rating on 05/01/2025
Baird issued a "Outperform" rating on 05/01/2025
Benchmark issued a "Buy" rating on 05/01/2025
Rosenblatt issued a "Buy" rating on 05/01/2025
To track analyst ratings and price targets for QCOM, check out Quiver Quantitative's $QCOM forecast page.
Multiple analysts have issued price targets for $QCOM recently. We have seen 14 analysts offer price targets for $QCOM in the last 6 months, with a median target of $180.0.
Here are some recent targets:
Timothy Arcuri from UBS set a target price of $165.0 on 07/21/2025
Samik Chatterjee from JP Morgan set a target price of $190.0 on 07/17/2025
Christopher Danely from Citigroup set a target price of $170.0 on 07/07/2025
Tal Liani from B of A Securities set a target price of $200.0 on 06/17/2025
Mark Lipacis from Evercore ISI Group set a target price of $157.0 on 05/02/2025
Gary Mobley from Loop Capital set a target price of $155.0 on 05/01/2025
Kevin Cassidy from Rosenblatt set a target price of $225.0 on 05/01/2025
This article is not financial advice. See Quiver Quantitative's disclaimers for more information.
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Lobbying Update: $1,450,000 of QUALCOMM INCORPORATED lobbying was just disclosed

The S&P 500 Index ($SPX) (SPY) Monday closed up +0.14%, the Dow Jones Industrials Index ($DOWI) (DIA) closed down -0.04%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.50%. September E-mini S&P futures (ESU25) rose +0.19%, and September E-mini Nasdaq futures (NQU25) rose +0.54%.
Stock indexes mainly settled higher on Monday, with the S&P 500 and Nasdaq 100 posting new all-time highs. Stocks found support as the 10-year T-note yield fell by -5 bp to a one-week low of 4.37%. Also, the strength in chip stocks on Monday boosted technology stocks and led the broader market higher. On the negative side, natural gas producers retreated Monday after nat-gas futures fell more than -6% to a 1-week low.
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Some favorable corporate news supported gains in stocks on Monday. Block rose more than +7% after S&P Dow Jones Indices announced that the company will replace Hess Corp in the S&P 500 before the opening of trade on Wednesday. Also, Verizon Communications rose more than +4% after raising the lower end of its full-year earnings forecast.
Recent trade news has put some downward pressure on stocks. Last Wednesday, President 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. Also, President Trump recently announced that the US will impose 30% tariffs on US imports from the European Union and Mexico, effective August 1. In addition, Mr. Trump said that a 35% tariff on some Canadian products would take effect on August 1, up from the current 25%.
The markets this week will focus on any tariff news along with the announcement of any new trade deals. On Wednesday, June existing home sales are expected to fall -0.7% m/m to 4.00 million. On Thursday, weekly initial unemployment claims are expected to climb by +6,000 to 227,000. Also, the July S&P US manufacturing PMI is expected to slip -0.4 to 52.5. Finally, on Thursday, 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 are awaiting a heavy slate of quarterly corporate earnings results this week, including Alphabet and Tesla on Wednesday. About one-fifth of the companies in the S&P 500 are expected to report their Q2 earnings results this week. 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 Monday settled mixed. The Euro Stoxx 50 closed down -0.30%. China's Shanghai Composite rallied to a 9.5-month high and closed up +0.72%. Japan's Nikkei Stock 225 was closed today for the Marine Day holiday.
Interest Rates
September 10-year T-notes (ZNU25) on Monday closed up +13 ticks. The 10-year T-note yield fell -4.4 bp to 4.372%. Sep T-notes rose to a 1-week high on Monday, and the 10-year T-note yield fell to a 1-week low of 4.350%. T-notes rallied Monday on carryover support from last Friday when Fed Governor Christopher Waller said he backs a Fed rate cut at the July 29-30 FOMC meeting. T-notes also have carryover support from Monday's rally in 10-year German bunds to a 2-week high.
European government bond yields on Monday moved lower. The 10-year German bund yield fell to a 2-week low of 2.611% and finished down -8.2 bp to 2.613%. The 10-year UK gilt yield fell -7.1 bp to 4.603%.
Swaps are discounting the chances at 2% for a -25 bp rate cut by the ECB at Thursday's policy meeting.
US Stock Movers
Strength in chip stocks on Monday supported gains in the broader market. ARM Holdings Plc (ARM) closed up more than +3% to lead gainers in the Nasdaq 100. Also, Qualcomm (QCOM) closed up more than +2%. In addition, NXP Semiconductors NV (NXPI), Broadcom (AVGO), Lam Research (LRCX), and Applied Materials (AMAT) closed up more than +1%.
Block (XYZ) closed up more than +7% after S&P Dow Jones Indices announced that the company will replace Hess Corp in the S&P 500 before the opening of trade on Wednesday.
Verizon Communications (VZ) closed up more than +4% to lead gainers in the S&P 500 and Dow Jones Industrials after raising the lower end of its full-year earnings forecast to +1% to 3% from a previous estimate of 0% to +3%.
Pinterest (PINS) closed up more than +2% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $45.
Dollar Tree (DLTR) closed up more than +2% after Barclays upgraded the stock to overweight from equal weight with a price target of $120.
Equinix Inc. (EQIX) closed up more than +1% after Elliot Investment Management said it has built up a stake in the company in an effort to get it to take steps to boost its share price.
Invesco Ltd (IVZ) closed up more than +1% after TD Cowen upgraded the stock to buy from hold with a price target of $25.
Natural gas producers retreated Monday after nat-gas futures (NQQ25) plunged more than -6% to a 1-week low. As a result, EQT Corp (EQT) closed down more than -9% to lead losers in the S&P 500. Also, Antero Resources (AR) closed down more than -10%, Expand Energy (EXE) closed down more than -8%, Cheniere Energy (LNG) closed down more than -7%, and Coterra Energy (CTRA) closed down more than -5%.
Sarepta Therapeutics (SRPT) closed down more than -5% after it refused to pause all shipments of its Elevidys treatment after three deaths were linked to the company's gene therapies.
Molina Healthcare (MOH) closed down more than -3% after TD Cowen cut its price target on the stock to $283 from $369.
American Express (AXP) closed down more than -1% to lead losers in the Dow Jones Industrials after issuing $4 billion in debt securities due in four and seven years.
Biogen (BIIB) closed down more than -1% after Truist Securities downgraded the stock to hold from buy.
Centene (CNC) closed down more than -1% after TD Cowen downgraded the stock to hold from buy.
Earnings Reports (7/22/2025)
Avery Dennison Corp (AVY), Baker Hughes Co (BKR), Capital One Financial Corp (COF), Chubb Ltd (CB), Coca-Cola Co/The (KO), CoStar Group Inc (CSGP), Danaher Corp (DHR), DR Horton Inc (DHI), Enphase Energy Inc (ENPH), EQT Corp (EQT), Equifax Inc (EFX), General Motors Co (GM), Genuine Parts Co (GPC), Halliburton Co (HAL), Interpublic Group of Cos Inc/The (IPG), Intuitive Surgical Inc (ISRG), Invesco Ltd (IVZ), IQVIA Holdings Inc (IQV), KeyCorp (KEY), Lockheed Martin Corp (LMT), MSCI Inc (MSCI), Northrop Grumman Corp (NOC), PACCAR Inc (PCAR), Pentair PLC (PNR), Philip Morris International In (PM), PulteGroup Inc (PHM), Quest Diagnostics Inc (DGX), RTX Corp (RTX), Sherwin-Williams Co/The (SHW), Synchrony Financial (SYF), Texas Instruments Inc (TXN).
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 Chip Stock Strength and Lower Bond Yields

The S&P 500 Index ($SPX) (SPY) today is up +0.54%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.41%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.72%. September E-mini S&P futures (ESU25) are up +0.53%, and September E-mini Nasdaq futures (NQU25) are up +0.73%.
Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs. Lower bond yields are supportive of stocks, with the 10-year T-note yield down -6 bp to a 1-week low of 4.36%. Also, the strength in chip stocks today is boosting technology stocks and leading the broader market higher.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Some favorable corporate news is also supporting gains in stocks today. Block is up more than +7% after S&P Dow Jones Indices announced that the company will replace Hess Corp in the S&P 500 before the opening of trade on Wednesday. Also, Domino’s Pizza is up more than +2% after reporting better-than-expected Q2 revenue, and Verizon Communications is up more than +2% after raising the lower end of its full-year earnings forecast.
Recent trade news has put some downward pressure on stocks. Last Wednesday, President 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.
Also, President Trump recently announced that the US will impose 30% tariffs on US imports from the European Union and Mexico, effective August 1. In addition, Mr. Trump said that a 35% tariff on some Canadian products would take effect on August 1, up from the current 25%. Mr. Trump also imposed a 50% tariff on copper imports, which will include semi-finished goods, and stated that drug companies could face tariffs as high as 200% on imports if they don’t relocate production to the US within the next year.
The markets this week will focus on any tariff news along with the announcement of any new trade deals. On Wednesday, June existing home sales are expected to fall -0.7% m/m to 4.00 million. On Thursday, weekly initial unemployment claims are expected to climb by +6,000 to 227,000. Also, the July S&P US manufacturing PMI is expected to slip -0.4 to 52.5. Finally, on Thursday, 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 5% at the July 29-30 FOMC meeting and 58% at the following meeting on September 16-17.
The markets are awaiting a heavy slate of quarterly corporate earnings results this week, including Alphabet and Tesla on Wednesday. About one-fifth of the companies in the S&P 500 are expected to report their Q2 earnings results this week. 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 mixed. The Euro Stoxx 50 is down -0.42%. China’s Shanghai Composite rallied to a 9.5-month high and closed up +0.72%. Japan’s Nikkei Stock 225 was closed today for the Marine Day holiday.
Interest Rates
September 10-year T-notes (ZNU25) today are up +14 ticks. The 10-year T-note yield is down -5.8 bp to 4.358%. Sep T-notes today rose to a 1-week high, and the 10-year T-note yield fell to a 1-week low of 4.354%. T-notes are climbing today on carryover support from last Friday when Fed Governor Christopher Waller said he backs a Fed rate cut at the July 29-30 FOMC meeting. T-notes also have carryover support from today’s rally in 10-year German bunds to a 2-week high.
European government bond yields today are moving lower. The 10-year German bund yield fell to a 2-week low of 2.611% and is down -7.7 bp to 2.618%. The 10-year UK gilt yield is down -6.1 bp to 4.613%.
Swaps are discounting the chances at 1% for a -25 bp rate cut by the ECB at Thursday’s policy meeting.
US Stock Movers
Strength in chip stocks is supporting gains in the broader market. ARM Holdings Plc (ARM) is up more than +3% to lead gainers in the Nasdaq 100. Also, GlobalFoundries (GFS), ON Semiconductor Corp (ON), NXP Semiconductors NV (NXPI), Qualcomm (QCOM), and Broadcom (AVGO) are up more than +2%. In addition, Lam Research (LRCX), Intel (INTC), Advanced Micro Devices (AMD), and Applied Materials (AMAT) are up more than +1%.
Block (XYZ) is up more than +7% after S&P Dow Jones Indices announced that the company will replace Hess Corp in the S&P 500 before the opening of trade on Wednesday.
Verizon Communications (VZ) is up more than +4% to lead gainers in the S&P 500 and Dow Jones Industrials after raising the lower end of its full-year earnings forecast to +1% to 3% from a previous estimate of 0% to +3%.
Equinix Inc. (EQIX) is up more than +2% after Elliot Investment Management said it has built up a stake in the company in an effort to get it to take steps to boost its share price.
Pinterest (PINS) is up more than +2% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $45.
Dollar Tree (DLTR) is up more than +1% after Barclays upgraded the stock to overweight from equal weight with a price target of $120.
Invesco Ltd (IVZ) is up more than +1% after TD Cowen upgraded the stock to buy from hold with a price target of $25.
Natural gas producers are under pressure today, with nat-gas futures (NQQ25) plunging more than -6% to a 1-week low on forecasts for cooler US temperatures later this month. As a result, EQT Corp (EQT) is down more than -6% to lead losers in the S&P 500. Also, Antero Resources (AR) is down more than -6%, and Cheniere Energy (LNG) and Expand Energy (EXE) are down more than -5%.
Sarepta Therapeutics (SRPT) is down more than -4% after it refused to pause all shipments of its Elevidys treatment after three deaths were linked to the company’s gene therapies.
Biogen (BIIB) is down more than -2% to lead losers in the Nasdaq 100 after Truist Securities downgraded the stock to hold from buy.
Molina Healthcare (MOH) is down more than -2% after TD Cowen cut its price target on the stock to $283 from $369.
Centene (CNC) is down more than -1% after TD Cowen downgraded the stock to hold from buy.
Earnings Reports (7/21/2025)
AGNC Investment Corp (AGNC), Alexandria Real Estate Equities (ARE), BOK Financial Corp (BOKF), Cleveland-Cliffs Inc (CLF), Crown Holdings Inc (CCK), Domino’s Pizza Inc (DPZ), Equity LifeStyle Properties In (ELS), Medpace Holdings Inc (MEDP), NXP Semiconductors NV (NXPI), RLI Corp (RLI), Roper Technologies Inc (ROP), Steel Dynamics Inc (STLD), Verizon Communications Inc (VZ), W R Berkley Corp (WRB), Wintrust Financial Corp (WTFC), Zions Bancorp NA (ZION).
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 Jump to Record Highs as Bond Yields Fall

The S&P 500 Index ($SPX) (SPY) today is up +0.30%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.13%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.49%. September E-mini S&P futures (ESU25) are up +0.37%, and September E-mini Nasdaq futures (NQU25) are up +0.65%.
Stock indexes are moving higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs. Lower bond yields are supportive of stocks, with the 10-year T-note yield down -5 bp to 4.37%. Also, the strength in chip stocks today is boosting technology stocks and leading the broader market higher.
Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.
Some favorable corporate news is also supporting gains in stocks today. Block is up more than +7% after S&P Dow Jones Indices announced that the company will replace Hess Corp in the S&P 500 before the opening of trade on Wednesday. Also, Domino’s Pizza is up more than +2% after reporting better-than-expected Q2 revenue, and Verizon Communications is up more than +2% after raising the lower end of its full-year earnings forecast.
Recent trade news has put some downward pressure on stocks. Last Wednesday, President 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.
Also, President Trump recently announced that the US will impose 30% tariffs on US imports from the European Union and Mexico, effective August 1. In addition, Mr. Trump said that a 35% tariff on some Canadian products would take effect on August 1, up from the current 25%. Mr. Trump also imposed a 50% tariff on copper imports, which will include semi-finished goods, and stated that drug companies could face tariffs as high as 200% on imports if they don’t relocate production to the US within the next year.
The markets this week will focus on any tariff news along with the announcement of any new trade deals. On Wednesday, June existing home sales are expected to fall -0.7% m/m to 4.00 million. On Thursday, weekly initial unemployment claims are expected to climb by +6,000 to 227,000. Also, the July S&P US manufacturing PMI is expected to slip -0.4 to 52.5. Finally, on Thursday, 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 5% at the July 29-30 FOMC meeting and 58% at the following meeting on September 16-17.
The markets are awaiting a heavy slate of quarterly corporate earnings results this week, including Alphabet and Tesla on Wednesday. About one-fifth of the companies in the S&P 500 are expected to report their Q2 earnings results this week. 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 mixed. The Euro Stoxx 50 is down -0.64%. China’s Shanghai Composite rallied to a 9.5-month high and closed up +0.72%. Japan’s Nikkei Stock 225 was closed today for the Marine Day holiday.
Interest Rates
September 10-year T-notes (ZNU25) today are up +12 ticks. The 10-year T-note yield is down -4.6 bp to 4.370%. Sep T-notes today rose to a 1-week high, and the 10-year T-note yield fell to a 1-week low of 4.364%. T-notes are climbing today on carryover support from last Friday when Fed Governor Christopher Waller said he backs a Fed rate cut at the July 29-30 FOMC meeting. T-notes also have carryover support from today’s rally in 10-year German bunds to a 2-week high.
European government bond yields today are moving lower. The 10-year German bund yield fell to a 2-week low of 2.616% and is down -7.3 bp to 2.622%. The 10-year UK gilt yield is down -5.7 bp to 4.618%.
Swaps are discounting the chances at 1% for a -25 bp rate cut by the ECB at Thursday’s policy meeting.
US Stock Movers
Strength in chip stocks is supporting gains in the broader market. GlobalFoundries (GFS) is up more than +2% to lead gainers in the Nasdaq 100. Also, Intel (INTC), ARM Holdings Plc (ARM), and ON Semiconductor Corp (ON) are up more than +2%. In addition, Advanced Micro Devices (AMD), NXP Semiconductors NV (NXPI), Microchip Technology (MCHP), Applied Materials (AMAT), and Qualcomm (QCOM) are up more than +1%.
Block (XYZ) is up more than +7% after S&P Dow Jones Indices announced that the company will replace Hess Corp in the S&P 500 before the opening of trade on Wednesday.
Verizon Communications (VZ) is up more than +2% to lead gainers in the Dow Jones Industrials after raising the lower end of its full-year earnings forecast to +1% to 3% from a previous estimate of 0% to +3%.
Domino’s Pizza (DPZ) is up more than +2% after reporting Q2 revenue of $1.15 billion, better than the consensus of $1.14 billion.
Pinterest (PINS) is up more than +2% after Morgan Stanley upgraded the stock to overweight from equal weight with a price target of $45.
Dollar Tree (DLTR) is up down more than +1% after Barclays upgraded the stock to overweight from equal weight with a price target of $120.
Equinix Inc. (EQIX) is up more than +1% after Elliot Investment Management said it has built up a stake in the company in an effort to get it to take steps to boost its share price.
Invesco Ltd (IVZ) is up more than +1% after TD Cowen upgraded the stock to buy from hold with a price target of $25.
Sarepta Therapeutics (SRPT) is down more than -5% after it refused to pause all shipments of its Elevidys treatment after three deaths were linked to the company’s gene therapies.
Stellantis NV (STLA) is down more than -1% after reporting a preliminary net loss for the first half of the year of 2.3 billion euros ($2.68 billion).
Centene (CNC) is down more than -1% after TD Cowen downgraded the stock to hold from buy.
Target (TGT) is down nearly -1% after Barclays downgraded the stock to underweight from equal weight with a price target of $91.
Earnings Reports (7/21/2025)
AGNC Investment Corp (AGNC), Alexandria Real Estate Equities (ARE), BOK Financial Corp (BOKF), Cleveland-Cliffs Inc (CLF), Crown Holdings Inc (CCK), Domino’s Pizza Inc (DPZ), Equity LifeStyle Properties In (ELS), Medpace Holdings Inc (MEDP), NXP Semiconductors NV (NXPI), RLI Corp (RLI), Roper Technologies Inc (ROP), Steel Dynamics Inc (STLD), Verizon Communications Inc (VZ), W R Berkley Corp (WRB), Wintrust Financial Corp (WTFC), Zions Bancorp NA (ZION).
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 Climb on Lower Bond Yields and Favorable Corporate News

In trading on Monday, shares of Qualcomm Inc (Symbol: QCOM) crossed above their 200 day moving average of $158.02, changing hands as high as $159.25 per share. Qualcomm Inc shares are currently trading up about 2.4% on the day. The chart below shows the one year performance of QCOM shares, versus its 200 day moving average:
Looking at the chart above, QCOM's low point in its 52 week range is $120.8019 per share, with $196.24 as the 52 week high point — that compares with a last trade of $158.35. The QCOM DMA information above was sourced from TechnicalAnalysisChannel.com
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
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AZPN shares outstanding history
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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.