Quick overview
- Eli Lilly, Sandisk, Novo Nordisk, Disney, Shopify, Uber, and AppLovin are among the key companies reporting earnings today, with investors keen on their guidance amid current market pressures.
- Tech and semiconductor stocks have led a strong market rally, driven by impressive earnings, AI optimism, and falling oil prices.
- Despite some mixed economic signals, such as weaker earnings from McDonald’s, overall market sentiment remains positive ahead of the September FOMC meeting.
- Oil prices have dropped significantly, contributing to a risk-on environment, although skepticism about lasting agreements in the region persists.
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Eli Lilly, Sandisk, Novo Nordisk, Disney, Shopify, Uber and AppLovin headline today’s earnings calendar, with investors watching results and guidance for signs of how companies are navigating current market pressures.
Tech and semiconductor stocks led another powerful session as strong earnings, AI optimism, falling oil prices and hopes for an Iran deal fueled a broad risk-on move.
Perfect Storm for Stocks
It has been a near-perfect week for stock markets, with Tuesday putting the strength of the rally on full display. Technology and chip stocks led the gains, as investors increasingly believe the recent market weakness marked a bottom.
Several factors are driving the optimism:
Magnificent Seven earnings were strong enough to reinforce expectations that massive AI capital spending can eventually generate attractive returns.
- Chipmaker earnings have remained impressive, supporting continued optimism across the semiconductor sector.
- Iran headlines and persistent talk of a potential deal have pushed oil sharply lower.
- FOMO is building as investors see few immediate risks before the September FOMC meeting.
Economy Shows Mixed Signals
The market largely shrugged off weaker signs at the lower end of the economy, highlighted by McDonald’s earnings. Meanwhile, Caterpillar’s results suggested that the wealth effect may be spreading more broadly.
Oil Adds to Risk Appetite
Oil prices fell sharply again as fresh Strait of Hormuz headlines fueled expectations of improved regional stability. However, reaching a lasting agreement remains difficult, meaning some skepticism is still warranted.
Earnings Calendar Highlight Today
Today’s earnings calendar features a broad mix of pharmaceutical, technology, consumer and digital-economy companies. Eli Lilly and Novo Nordisk could dominate the healthcare spotlight, while Disney, Shopify, Uber and AppLovin provide important signals on consumer and technology demand. With several large-cap names reporting, earnings guidance could trigger significant moves across individual stocks and their broader sectors.
Eli Lilly (LLY)
- Q2 2026 earnings announcement
- Timing: Before Market Open (BMO)
- Expected EPS: $6.58
- Market capitalization: Approximately $990.4 billion
- Eli Lilly is the largest company on today’s earnings calendar, putting its results firmly in focus. Investors will likely pay close attention to revenue growth, demand for its major medicines and management’s outlook for the rest of 2026.
Sandisk (SNDK)
- Q4 2026 earnings announcement
- Timing: After Market Close (AMC)
- Expected EPS: $34.52
- Market capitalization: Approximately $210.75 billion
- Sandisk will report after the closing bell, with investors watching storage demand, pricing trends and its outlook for the memory market.
Novo Nordisk (NVO)
- Q2 2026 earnings announcement
- Timing: Before Market Open (BMO)
- Expected EPS: $4.98
- Market capitalization: Approximately $194.78 billion
- Novo Nordisk remains a major earnings focus because of the intense competition in the weight-loss and diabetes-drug market.
- Investors will be watching sales momentum, competition and forward guidance.
The Walt Disney Company (DIS)
- Q3 2026 earnings announcement
- Timing: Before Market Open (BMO)
- Expected EPS: $1.85
- Market capitalization: Approximately $170.75 billion
- Disney’s results will provide fresh insight into its streaming operations, entertainment business and theme parks. Guidance could be particularly important as investors assess the company’s longer-term growth trajectory.
Shopify (SHOP)
- Q2 2026 earnings announcement
- Timing: Before Market Open (BMO)
- Expected EPS: $0.40
- Market capitalization: Approximately $157.28 billion
- Shopify will be closely watched for merchant growth, revenue trends and consumer spending conditions. Investors will also scrutinize its outlook after the recent strength in technology stocks.
Uber Technologies (UBER)
- Q2 2026 earnings announcement
- Timing: Before Market Open (BMO)
- Expected EPS: $0.83
- Market capitalization: Approximately $146.92 billion
- Uber’s report will offer a fresh look at mobility and delivery demand, with bookings, active users, margins and guidance likely to be key areas of interest.
AppLovin (APP)
- Q2 2026 earnings announcement
- Timing: After Market Close (AMC)
- Expected EPS: $3.75
- Market capitalization: Approximately $139.25 billion
- AppLovin rounds out the major names on today’s calendar. Investors will be watching advertising demand, revenue growth and the company’s outlook after its substantial market valuation gains.
Gold Returns to the $4,000 Level
Gold prices experienced a volatile trading week, ultimately finishing significantly lower after an initially strong rally lost momentum. The precious metal climbed above $4,300 early in the week but later reversed sharply, ending nearly $100 below its recent highs as investors reassessed the outlook for interest rates and global risk sentiment.
The decline was largely driven by a stronger U.S. dollar, rising Treasury yields, and reduced demand for defensive assets following positive geopolitical developments in the Middle East. Despite the weakness, gold remains above the critical $4,000 support zone, which continues to define the longer-term bullish trend but it is under attack.
USD/JPY Dives Below the 100 SMA
Foreign exchange markets saw sharp swings. Early in the week, U.S. yield differentials and Japanese capital outflows pushed the dollar above ¥150, but disappointing U.S. jobs data triggered profit-taking, causing the USD/JPY to slide by four yen from its peak. However, the new BOJ governor the JPY has weakened and USD/JPY soared to 154 and we decided to close our buy signal for more than 80 pips as the pair found support at the 20 daily SMA (gray) and has rebounded more than 200 pips off that MA but reversed after the 25 bps rate cut from the FED. The price climbed to $164 but reversed after the BOJ meeting and fell 7 cents, breaking below the 100 daily SMA (red) as well, which has been acting as support before.
USD/JPY – Daily Chart
Cryptocurrency Update
The 50 Daily SMA Holds as Support for Bitcoin
Cryptocurrencies remained highly active over the summer. Bitcoin (BTC) climbed to fresh highs of $123,000 and $124,000 in July and August, supported by institutional inflows and technical strength. However, remarks from Treasury Secretary Scott Bessent ruling out U.S. increases to BTC reserves triggered a steep pullback, sending the coin down to $80K before finding support at the 100 weekly SMA (green). A rebound followed, sending BTC near $100 is the first major text for Bitcoin buyers. However BTC returned lower and fell below $80K, breaking below the but the 100 weekly SMA (green) but the decline stopped at the $60K support where the 200 weekly SMA (purple) stands and rebounded above $76K but returned below $70K again.
BTC/USD – Daily Chart
Ethereum Returns Toward $2,000
Ethereum (ETH) has been similarly strong, surging toward $4,800, its highest since 2021 and near its all-time peak of $4,860. Despite a dip last week, ETH found support at the 20-day SMA, with retail enthusiasm and renewed institutional participation driving fresh upside momentum. Last week we saw a dive below $2,000 but buyers returned and pushed the price above $2K again.
ETH/USD – Weekly Chart
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst.
Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank’s local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.
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