Happy Tuesday! The market’s biggest winners might be gearing up for another rally, but the tailwind fueling the next leg higher is not what you think. Read on to see why this unlikely catalyst could supercharge the Magnificent Seven’s results.

Also, Alphabet reports earnings Wednesday afternoon, and all eyes will be on how the tech giant plans to defend its search dominance in the age of AI disruption. With YouTube and Google Cloud expected to shine, the real story lies deeper, and you won’t want to miss it.

In Today's Edition

• MARKET RECAP

• MARKET HEATMAP

• FIVE ZINGERS

• MARKET HISTORY

• ONE FOR THE ROAD

The Magnificent Seven Just Got A Secret Weapon — And It's Not AI

The Magnificent Seven have been the backbone of Wall Street’s rally this year, but their next earnings catalyst is likely to come from an unexpected place.

This overlooked and unexpected catalyst has nothing to do with chips, data centers or flashy new products: it’s the U.S. dollar.

With the dollar sliding to its lowest level in decades, tech giants such as Apple, Microsoft, Amazon, Nvidia, Alphabet, Meta and Tesla stand to benefit more than the broader market, with the Magnificent Seven earning 49% of their revenue outside the U.S.

Overseas revenue means even a modest drop in the dollar’s value can significantly lift their earnings. Read on to see how much of an earnings boost these companies stand to gain from the dollar’s slide over the past few months.

Tim Melvin is seeing the same setup that preceded NVDA's historic run. For the first time ever, he's partnering with trader Anne-Marie Baiynd to reveal where the next explosive opportunities are hiding.

Yesterday: U.S. indexes were mixed on Monday, with the S&P 500 and Nasdaq closing modestly higher while the Dow slipped, as investors looked ahead to key corporate earnings reports. The S&P 500 and Nasdaq touched fresh record highs during the session before easing into the close. Treasury yields declined, with the 10-year falling to 4.38% following June inflation data, reinforcing the outlook for potential Fed rate cuts by year-end. Early earnings results have been strong, with most companies beating estimates so far, led by strong showings from banks. Tariff uncertainty continues ahead of the August 1 deadline, though inflation and consumer activity remain largely unaffected.

On Our Radar: Analysts will be listening carefully to remarks from several Federal Reserve officials — including Jerome Powell — for insights on the economy and any potential rate cuts in the near term. On the earnings front, Texas Instruments (TXN), SAP SE (SAP) and Capital One (COF) will headline a slate of major earnings reports after market close today.

Wall Street was setting records again and shares of Opendoor hit a 52-week high, with shares climbing more than 350% in just the past week. But that wasn’t the only stock that was busy making moves…

Discover how the market is moving with our interactive heatmap — filter by market cap and zoom in for deeper insights. Click any box to explore specific sectors or assets in detail.

Join us on November 10, 2025, in New York City for a transformative experience that blends cutting-edge financial technology insights with unparalleled networking opportunities. This event is designed to showcase the latest advancements in fintech, celebrate industry achievements and foster connections that drive the future of finance. Join us for a powerhouse event designed to connect visionary leaders, ignite groundbreaking deals and celebrate the brightest stars in the financial technology industry.

On This Day In 1969…

The New York Stock Exchange closed in celebration of the Apollo 11 moon landing. However, markets fell when they reopened the next day, with the Dow Jones Industrial Average dropping nearly 2% — a reminder that even giant leaps for mankind don’t always boost investor confidence. It was a classic “buy the rumor, sell the news” event. Beneath the patriotic euphoria were deeper market anxieties about rising inflation, war costs and recession concerns.

QUOTE OF THE DAY

“Risk comes from not knowing what you're doing.“

— Warren Buffett

Alphabet Set For Strong Q2 Earnings — But Analysts Warn: 'AI Search Remains Google's War To Lose'

Alphabet is set to release its Q2 earnings on Wednesday, with many expecting strong results from YouTube and Google Cloud.

However, the most important piece that everyone will be watching is Google’s core search business. As AI-powered challengers like ChatGPT gain traction, Alphabet is investing billions and aggressively hiring top AI talent to defend its crown. Yet the pressure is mounting — and the outcome far from certain.

This earnings report won’t just reveal how well Alphabet performed last quarter; it could offer a crucial glimpse into how Google plans to navigate the seismic shifts AI is bringing to the tech world.

Read on for all of the insights and what to expect ahead of Wednesday’s report.

BEFORE YOU GO

Were you forwarded this email? Click here to subscribe.

And be sure to check out our other newsletters:

Future Finance: Where fintech, crypto and the future of finance collide. Future Finance is a perfect lunch read packed with quick bites for industry enthusiasts. Subscribe here.

Advisor: Tailor-made for Financial Advisors, this weekly newsletter has industry-specific insights, analysis, and news. Subscribe here.

Tech Trends: Get the inside scoop on AI, the hottest gadgets and mind-blowing tech trends. Subscribe here.