Jul. 14, 2025 7:30 AM ETWall Street Breakfast5.74M FollowersListen on the go! A daily podcast of Wall Street Breakfast will be available by 8:00 a.m. on Seeking Alpha, iTunes, Spotify.Getty ImagesSurvey MondayEarnings season is upon investors. Where will stocks be at the end of the current quarter?• Higher (more records are in store)• Lower (due for another pullback)Take the survey here and don't forget to share your thoughts in the WSB comments section.Needs to be strongSecond-quarter earnings are on tap, with a week full of reports from companies in many different sectors. Tuesday will see the big banks publish their numbers, such as JPMorgan (JPM) and Wells Fargo (WFC), while Wednesday will feature the healthcare industry and semiconductors, including Johnson & Johnson (JNJ) and ASML (ASML). Even more diversity is on tap for Thursday and Friday, with figures from Netflix (NFLX), GE Aerospace (GE), PepsiCo (PEP), and American Express (AXP). See the full scheduleBackdrop: Stocks recently logged a major comeback, hitting fresh record highs after getting shaken by "Liberation Day" tariffs only months earlier. Trade deals are starting to be inked with some of America's largest trading partners, though uncertainty remains amid threats to Japan, the European Union, and others. Macroeconomic data this week will also be important, with releases ranging from the consumer price index to retail sales.Earnings season can also give a new impetus to equities. The biggest tailwind for S&P 500 (SPY) companies is likely to be the weak dollar, given that the group makes around 40% of its revenue from international markets. Lowered estimates mean that it'll be easier for corporations to post beats, while expectations of lower interest rates and more certainty can show up in guidance.SA commentary: "While overall tariff rates are already at a very high level (compared to recent history), these haven't lifted long-term inflation skepticism to new highs. Furthermore, Trump's 'One Big, Beautiful Bill,' which has been signed into law, promises to deliver a further boost to the U.S. economy, albeit at the cost of higher long-term fiscal debt," Investing Group Leader JR Research writes in We Better Hope Q2 Earnings Don't Disappoint. "Despite the S&P 500 reaching new highs, only 63% of stocks are above their 200-day MA, highlighting a worrying bifurcation in market breadth. Market valuations are elevated, with the S&P 500's forward earnings multiple now above 22x, so strong Q2 earnings and guidance are critical." Take the WSB survey.Here's the latest Seeking Alpha analysisThe Market Faces A $500 Billion Liquidity ShockTesla: The Worst Is Yet To Come (Earnings Preview)Nebius Group: Discipline Means Knowing When To ExitMy Forever 11: The Dividend Stocks I'd Build My Retirement OnBillionaire Investor Warns Markets Are Too Complacent On Tariffs: Our ApproachWhat else is happening...Superman (WBD) bags $122M to lead weekend box-office haul.Hassett: Fed's Powell may face dismissal over building renovation.As bitcoin soars past $120K, altcoins draw corporate attention.Utilities seek big hikes in electricity rates as AI demand booms.European roundup: EU holds off on tariffs and Patriot to Ukraine.SpaceX (SPACE) said to commit $2B to Elon Musk's startup xAI.Space, defense tech startup Firefly Aerospace (FLY) files for IPO.Amazon (AMZN) Prime Day drives 30% jump in online spending.Air India crash report: No immediate action for Boeing (BA), GE.Don't worry about Nvidia chips for China's military - CEO Huang.Today's MarketsIn Asia, Japan -0.3%. Hong Kong +0.3%. China +0.3%. India -0.3%.In Europe, at midday, London +0.4%. Paris -0.4%. Frankfurt -0.8%.Futures at 6:30, Dow -0.3%. S&P -0.3%. Nasdaq -0.3%. Crude +1.5% to $69.47. Gold +0.6% to $3,383.90. Bitcoin +3.5% to $121,907.Ten-year Treasury Yield +1 bp to 4.42%.On The CalendarCompanies reporting today include Fastenal (FAST) and Equity LifeStyle Properties (ELS).See the full earnings calendar on Seeking Alpha, as well as today's economic calendar.This article was written byWall Street Breakfast5.74M FollowersWall Street Breakfast, Seeking Alpha's flagship daily business news summary, is a one-page summary that gives you a rapid overview of the day's key financial news. It is designed for easy readability on the site or by email (including mobile devices), and is published before 7:30 AM ET every market day. Wall Street Breakfast's readership of over 3.4 million includes many from the investment banking and fund management industries. Sign up here to receive the Wall Street Breakfast in your inbox every business day.Check out our Podcast RSS feedCommentsRecommended For You