T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the United States Virgin Islands. The company offers voice, messaging, and data services to customers in the postpaid, prepaid, and wholesale and other services. It also provides wireless devices, including smartphones, wearables, tablets, home broadband routers, and other mobile communication devices, as well as wireless devices and accessories; financing through equipment installment plans; reinsurance for device insurance policies and extended warranty contracts; leasing through JUMP! On Demand; and High Speed Internet services. In addition, the company offers services, devices, and accessories under the T-Mobile and Metro by T-Mobile brands through its owned and operated retail stores, T-Mobile app and customer care channels, and its websites. It also sells its devices to dealers and other third-party distributors for resale through independent third-party retail outlets and various third-party websites. The company was founded in 1994 and is headquartered in Bellevue, Washington.

T-Mobile US, 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.
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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

Key Points
T-Mobile's Q2 results surpassed analyst expectations across the board.
The wireless carrier is diversifying beyond mobile with fiber, satellite, and fixed wireless broadband services.
The company's premium-class subscription plans have been popular with new subscribers in recent months.
Shares of T-Mobile US (NASDAQ: TMUS) jumped as much as 7.6% higher on Thursday morning, following the release of strong second-quarter results. As of 1:20 p.m. ET, the stock cooled down slightly to a 6.5% price increase.
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T-Mobile's popular premium plans
T-Mobile added 1.7 million postpaid net customers in the second quarter, led by a doubling of sign-ups for the premium-priced Experience Beyond plan. As a result, sales rose 6.9% year over year to $21.1 billion, just above the consensus analyst target at $21 billion. Earnings jumped from $2.49 to $2.84 per share, stumping the Street view of approximately $2.68.
Building the network of tomorrow
The company is posting industry-leading results while closing a couple of promising acquisitions.
T-Mobile added 97,000 fiber-optic broadband customers from Lumos in the second quarter, and the pending buyout of UScellular will boost the company's network from 9,000 to 12,000 sites on Aug. 1. Its fixed broadband offerings are expanding with Lumos fiber, the recently launched T-Satellite service, and a wider range of home network options based on wireless 4G and 5G services.
The magenta network is not sitting on its hands, but taking concrete action to stay on top of the American mobility market.
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Anders Bylund has positions in T-Mobile US. The Motley Fool recommends T-Mobile US. 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 T-Mobile US Stock Rose on Thursday

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

T-Mobile US(NASDAQ:TMUS) reported its Q2 2025 earnings on July 23, 2025, achieving record postpaid net additions, 9% year-over-year postpaid service revenue growth, and raising full-year guidance across multiple financial and operating metrics.
Insights include the company's surging ARPA, significant expansion into fiber broadband, and network advantages further accelerated by the commercial launch of T-Satellite. The pending UScellular acquisition didn't contribute to these results, but should boost T-Mobile's growth after closing.
ARPA growth surges for TMUS, driven by premium plan uptake
Postpaid ARPA (Average Revenue Per Account) grew over 5%, marking its fastest rate in eight years, while also seeing industry-topping gross and net postpaid additions. Premium tier adoption more than doubled compared to a year earlier.
"Our customers are continuing to self-select up the rate card. Here's a new stat for you. After launching our new rate plans in April, within that premium segment we've been talking to you about, customers are loving our most premium tier within it more than ever. Selecting our new experience beyond plan at more than double the rate of Go5G Next just a year ago and up over 50% in just one quarter."
— Mike Sievert, President and CEO
This pronounced uptiering signals enduring pricing power and mitigates ARPU (Average Revenue Per User) erosion risk, reinforcing TMUS's ability to convert network investments into actual value per account.
TMUS accelerates fiber broadband scale with JV strategy
Completion of the Lumos JV in April 2025 and the imminent close of the MetroNet JV are poised to deliver one hundred thousand or more fiber net additions for the year. TMUS’s operational go-to-market consolidates JVs and wholesale agreements onto a unified IT platform, enhancing scalability.
"Last month, we launched T-Fiber after completing our JVX acquisition of Lumos in April, and tomorrow, we plan to close our JV acquisition of MetroNet. With both up and running under the T-Fiber banner in the second half, we're poised to deliver one hundred thousand or more fiber nets on top of our planned 5G broadband nets this year. We are off to the races."
— Mike Sievert, President and CEO
Expanding into pure-play fiber via capital-efficient JVs diversifies TMUS’s broadband portfolio from solely mid-band FWA (fixed wireless access).
Network expansion and UScellular deal redefine rural TAM for TMUS
The pending UScellular transaction, set to close August 1, 2025, will increase combined network capacity by 50% and expand covered rural sites from 9,000 to 12,000. The commercial launch of T-Satellite further covers 500,000 square miles previously unserved by terrestrial networks, directly targeting share gains outside the top 100 markets.
"With all required approvals now in place, I'm pleased to say that we plan to close the transaction and become one team next week on August first. We can't wait to welcome UScellular customers to the T-Mobile US family. The combination gives us an expected 50% or more increase in capacity in the combined footprint and our site coverage will expand by a third from nine thousand to twelve thousand sites. Taken together with the greenfield builds I mentioned earlier, the network experience in smaller markets in rural areas is being fundamentally transformed. Just further fueling our ability to compete and grow in this space. And just this morning, we launched our groundbreaking T-Satellite service commercially, further extending our network to connect customers in the five hundred thousand square miles of this country that are not covered terrestrially by anyone."
— Mike Sievert, President and CEO
Secured rural expansion and satellite augmentation fundamentally reshape T-Mobile US’s addressable market and set the stage for both differentiated wholesale and enterprise verticals such as first responders and public safety.
Looking Ahead
Management raised full-year guidance for total postpaid net additions to 6.1 million–6.4 million (up by 500,000 at midpoint), with at least 100,000 from fiber for the year. Postpaid ARPA growth is guided at a minimum 3.5% for the year, service revenue growth of at least 6% for the year, and core adjusted EBITDA at $33.3 billion–$33.7 billion for the year. Cash CapEx is expected at $9.5 billion for the year, and adjusted free cash flow (adjusted, non-GAAP) guidance increased to $17.6 billion–$18 billion for the year.
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JesterAI is a Foolish AI, based on a variety of Large Language Models (LLMs) and proprietary Motley Fool systems. All articles published by JesterAI are reviewed by our editorial team, and The Motley Fool takes ultimate responsibility for the content of this article. JesterAI cannot own stocks and so it has no positions in any stocks mentioned. The Motley Fool recommends T-Mobile US. 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.

T-Mobile US Raises Guidance on Record Q2

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Invesco QQQ Trust (Symbol: QQQ) where we have detected an approximate $676.6 million dollar outflow -- that's a 0.2% decrease week over week (from 637,450,000 to 636,250,000). Among the largest underlying components of QQQ, in trading today T-Mobile US Inc (Symbol: TMUS) is up about 6.5%, Cadence Design Systems Inc (Symbol: CDNS) is down about 0.4%, and Fortinet Inc (Symbol: FTNT) is lower by about 0.6%. For a complete list of holdings, visit the QQQ Holdings page » The chart below shows the one year price performance of QQQ, versus its 200 day moving average:
Looking at the chart above, QQQ's low point in its 52 week range is $402.39 per share, with $566.06 as the 52 week high point — that compares with a last trade of $564.15. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
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Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
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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.

QQQ, TMUS, CDNS, FTNT: ETF Outflow Alert

In early trading on Thursday, shares of T-Mobile US topped the list of the day's best performing components of the Nasdaq 100 index, trading up 6.9%. Year to date, T-Mobile US registers a 13.3% gain.
And the worst performing Nasdaq 100 component thus far on the day is Tesla, trading down 8.4%. Tesla is lower by about 24.6% looking at the year to date performance.
Two other components making moves today are ON Semiconductor, trading down 7.0%, and O'Reilly Automotive, trading up 3.1% 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.

Nasdaq 100 Movers: TSLA, TMUS

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T-Mobile US (TMUS) Q2 2025 Earnings Call Transcript

T-Mobile (TMUS) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.69 per share. This compares to earnings of $2.49 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +5.58%. A quarter ago, it was expected that this wireless carrier would post earnings of $2.45 per share when it actually produced earnings of $2.58, delivering a surprise of +5.31%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
T-Mobile, which belongs to the Zacks Wireless National industry, posted revenues of $21.13 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.77%. This compares to year-ago revenues of $19.77 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
T-Mobile shares have added about 5.7% since the beginning of the year versus the S&P 500's gain of 7.3%.
What's Next for T-Mobile?
While T-Mobile has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for T-Mobile was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $2.75 on $21.41 billion in revenues for the coming quarter and $10.59 on $86.38 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Wireless National is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, United States Cellular (USM), has yet to report results for the quarter ended June 2025.
This wireless telecommunications service provider is expected to post quarterly earnings of $0.33 per share in its upcoming report, which represents a year-over-year change of +65%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
United States Cellular's revenues are expected to be $904.19 million, down 2.5% from the year-ago quarter.
Should You Invest in T-Mobile US, Inc. (TMUS)?
Before you invest in T-Mobile US, Inc. (TMUS), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.
Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)
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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.

T-Mobile (TMUS) Q2 Earnings and Revenues Beat Estimates

(RTTNews) - T-Mobile US, Inc. (TMUS) revealed earnings for its second quarter that Increases, from last year
The company's bottom line totaled $3.222 billion, or $2.84 per share. This compares with $2.925 billion, or $2.49 per share, last year.
The company's revenue for the period rose 6.9% to $21.132 billion from $19.772 billion last year.
T-Mobile US, Inc. earnings at a glance (GAAP) :
-Earnings: $3.222 Bln. vs. $2.925 Bln. last year. -EPS: $2.84 vs. $2.49 last year. -Revenue: $21.132 Bln vs. $19.772 Bln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.