Q2 Earnings Step Up, Markets Look to Break Losing Streak

• Domino's Pizza reported mixed Q2 results with earnings of $4.07 per share beating estimates, but same-store sales grew only 0.1%; supply chain revenues rose 6.5% and 209 new stores opened
• Key earnings reports include Alphabet (Zacks Rank #1 Strong Buy) and Tesla on Wednesday, followed by General Motors, 3M, Lockheed Martin, Intel, and American Express throughout the week
• U.S. Leading Economic Indicators for June expected to tick down to 0.0% from 0.1% in May, though representing improvement from the -1.3% negative growth seen between May-November 2025

Summary: Q2 Earnings Accelerate as Markets Seek to End Losing Streak

Market Performance:

Major U.S. indices are attempting to recover from recent losses, with the Dow down 0.77% and Nasdaq down 1.4% on Friday. All indices remain negative month-to-date, with the Dow facing a three-week losing streak. Monday trading showed positive momentum with the Dow up 80 points, S&P 500 up 32 points, and Nasdaq gaining 270 points.

Key Economic Indicators:

• Spot oil prices rose into the $80s per barrel amid Middle East tensions, though Iran suggested potential peace negotiations with the U.S.
• Bond yields: 10-year at 4.57%, 2-year at 4.20%
• June U.S. Leading Economic Indicators expected at 0.0%, down from May's 0.1%, but improved from negative readings in mid-2025

Earnings Highlights:

Domino's Pizza (DPZ) reported mixed Q2 results with earnings of $4.07 per share. While same-store sales grew only 0.1% (below expectations), supply chain revenues increased 6.5%, signaling potential growth. The company added 209 new stores, including 26 domestically.

Upcoming Major Earnings:

This week features significant tech and industrial reports:

• Wednesday: Alphabet (Zacks Rank #1 Strong Buy) and Tesla (after close)
• Tuesday: General Motors and 3M
• Thursday: Lockheed Martin and Intel
• Friday: American Express and NextEra

The "Mag 7" tech giants including Meta, Microsoft, Apple, and Amazon are scheduled to report next week, making this a critical period for Q2 earnings season momentum.