IBM reported 2024 second-quarter revenue of $17.16 billion, above the $16.86 billion consensus estimate, and adjusted earnings of $2.93 per share, topping expectations of $2.86. Software revenue rose 5% year over year, while infrastructure revenue fell 7%. The company lifted its full-year revenue forecast to $70.24 billion–$70.91 billion and said free cash flow is expected to increase by about $1 billion from a year earlier. Shares gained 2.42% in after-hours trading following the release.

Houthi forces have escalated their Red Sea blockade, raising concerns over global shipping and energy supplies. Japan, which relies heavily on Middle East oil imports, saw the yen slide below 163 per dollar for the first time since 1986, fueling expectations the Bank of Japan could raise interest rates faster. Meanwhile, API data showed U.S. crude inventories unexpectedly rose by 2.603M barrels, offsetting some risk tied to the Red Sea. The article also flags a pullback in chip stocks and a split in early flows among the “Magnificent Seven,” with Alphabet and Microsoft seeing inflows while Tesla and Apple saw outflows.

American Airlines (AAL) is set to release second-quarter earnings before the market opens Thursday, with revenue expected at $16.7 billion, up 16% year over year. Consensus calls for earnings of about $0.01 per share as Brent crude at $94 is seen driving a sharp jump in fuel costs and squeezing margins. The article says United Airlines has offset about half of its fuel-cost pressure and raised its full-year outlook, putting focus on whether American can show similar confidence at current oil prices.

Amazon is scheduled to report 2024 second-quarter earnings on July 30. Barclays raised its revenue and operating profit expectations and lifted its AWS year-over-year growth forecast to 33% from 31%, citing rising demand for Bedrock services driven by AI customers such as Anthropic. Analysts also estimate Anthropic-related workloads could add more than $1.5 billion in sequential AWS revenue growth for the quarter, while 2026 capital spending could rise to about $210 billion.

Palantir shares fell 4.93% on Wednesday to $126.12 after the UK’s Office for Statistics Regulation raised concerns about how performance metrics were communicated for the NHS Federated Data Platform contract. The watchdog said NHS England had not controlled for other variables and therefore could not draw cause-and-effect conclusions, calling for clearer statistical caveats, while several regional health bodies have declined to adopt the platform. Palantir is set to report Q2 results on Aug. 3, with the market expecting revenue of $1.81 billion and EPS of 33 cents.

Exxon Mobil is scheduled to release its second-quarter 2026 results on July 31, and the company has signaled a sequential earnings boost from higher liquids prices. It expects upstream earnings to rise by $3.5 billion to $3.9 billion from the first quarter, while the Chemical Products segment is projected to add $1.0 billion to $1.2 billion. Exxon also warned that war-related disruptions could reduce combined upstream and Energy Products earnings by roughly $0.8 billion to $1.2 billion. Wall Street is looking for Q2 EPS of $3.76, up 129% year over year, and the stock was up 1.09% premarket to $153.36.

U.S. Secretary of State Marco Rubio said at the ASEAN foreign ministers’ meeting in the Philippines that the other side “is not serious about talks,” adding to geopolitical unease. WTI crude futures rose 4.08% in early trading to $87.78 a barrel, while spot gold gained 0.99% to $4,118.11 an ounce. The remarks were not accompanied by new military action or sanctions, but still prompted a flight-to-safety and supply concerns in commodities.

AMC Entertainment reported its highest quarterly revenue and EBITDA in the company’s history, helped by robust theater attendance, six domestic releases that opened at $75 million or more and higher food and beverage sales. CEO Adam Aron said the company has prevailed in the competition with at-home viewing. AMC shares rose 26.8% to $2.46 on Monday, bringing the stock’s 2026 year-to-date gain to 50.3%. The results provided an immediate, performance-driven trading catalyst for AMC shares.

Oracle shares extended their decline on Monday, hovering near the stock’s 52-week low of $121.50. S&P recently downgraded Oracle’s debt and explicitly cited OpenAI as a key credit risk, according to figures referenced by Prof G Markets host Scott Galloway. The company’s capital spending rose to $55.7 billion, pushing free cash flow to negative $23.7 billion, while a plan to raise more than $40 billion this year helped lift long-dated bond yields to 7.34%-7.6%. Technical indicators remained weak, with the RSI at 26.55.