Market Summary - July 14, 2025

Index Performance

Index	Up/Down	% Change	Last
DJ Industrials	-2.03	0.00%	44,371
S&P 500	-5.90	0.09%	6,253
Nasdaq	-1.34	0.01%	20,584
Russell 2000	2.18	0.10%	2,237

Market Overview

U.S. stocks are rebounding following the announcement of higher tariffs over the weekend. President Trump declared a 30% tariff on most imports from the European Union and Mexico, effective August 1, amidst ongoing trade negotiations. The EU has responded by extending a suspension of countermeasures against U.S. tariffs until early August, while also seeking a negotiated settlement. This follows a previous announcement of increased tariffs on approximately 25 trading partners, including Japan and Canada.

Upcoming Economic Indicators

This week, investors should watch for the Consumer Price Index (CPI) inflation data and the Producer Price Index (PPI) data. Additionally, major bank earnings reports are set to begin, with firms like JPMorgan, Wells Fargo, Citigroup, and Goldman Sachs expected to report. Analysts predict a modest S&P 500 EPS growth of 4.8% for Q2 2025, the lowest since Q4 2023. The July options expiration is also approaching, with $1.65 trillion in notional open interest set to expire.

Wall Street Strategy Updates

• RBC Capital raised its S&P 500 year-end target to 6,250 but remains neutral on stocks for the second half of the year.
• Goldman Sachs anticipates a 10% rise in the S&P 500 to 6,900 over the next year.
• UBS expects a consolidation phase in equities until mid-September, with limited downside potential.

Sector Movers

Solar Sector

Mizuho has noted significant changes in the alternative energy sector due to the "One Big Beautiful Bill" (OBBB), which is expected to impact solar and wind tax credits. Key picks include FSLR, BE, and RUN, while FLNC, NXT, and SHLS were downgraded.

Industrials

FAST reported better-than-expected Q2 sales and earnings, while IR and AME were downgraded due to a lack of compelling growth prospects.

Consumer Finance

BTIG downgraded AFRM to Neutral, citing increased competition from traditional lenders, while upgrading COF and SYF to Buy.

Energy

Oil prices have risen, with Brent crude surpassing $70 per barrel. Several offshore drilling stocks were downgraded due to a flight to quality in the sector.

Stock Highlights

Gainers

• ADSK +4%: Focused on organic investments and share repurchases.
• ANSS +3%: Received conditional approval for a major acquisition.
• COIN +2%: Benefited from rising Bitcoin prices.
• DARE +133%: Positive trial results for a contraceptive product.
• FAST +5%: Strong Q2 earnings report.

Losers

• BBY -2%: Downgraded due to underperformance.
• PG -2%: Downgraded with a lowered target price.
• RIVN -2%: Downgraded following disappointing sales.
• WAT -10%: Decline due to a significant merger announcement.