🙌 New All-Time Highs Ahead Following U.S. - EU Trade Deal

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Market Performance

• S&P 500: 6,388 (+0.40%)

• Nasdaq: 21,108 (+0.24%)

• Dow Jones: 44,901 (+0.47%)

The Streak Keeps Going

U.S. stocks are poised to climb higher as a new EU–Trump trade deal eases fears of a costly trade war. Futures for the S&P 500 rose 0.5%.

Trump and EU Commission President Ursula von der Leyen announced the EU deal on Sunday at Trump’s golf club in Turnberry, Scotland. This deal will see the bloc face 15% tariffs on most of its exports, including automobiles.

President Trump called it “the biggest of all the deals.” It could put an end to a trade war that could have delivered a hammer blow to the global economy.

As part of the deal, the EU agreed to purchase $750 billion in American energy products, invest $600 billion in the US on top of existing expenditures, and purchase “vast amounts” of military equipment, Trump said.

GE Aerospace could be a major beneficiary of the U.S.–EU trade deal as increased EU defense procurement creates new opportunities for GE’s military engine programs.

Our Takeaway

Trade deals with Japan and EU are coming in less worse than expected.

Despite heavy criticism, Trump appears to have secured the better end of the bargain with the EU, winning extensive investment commitments as part of the trade deal. If these promises materialize, significant capital could flow into the U.S.

Investors should keep an eye out for upward GDP revisions, as these could drive corporate earnings.

Check out Ziggma’s Top 50 Stock List: Our top 5 companies by Ziggma Stock in the 10 fastest-growing sectors. >>>

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Market Overview

Global markets keep putting on new all-time highs as investors cheer the thaw in global trade tensions.

U.S. markets rose modestly on Friday, with the S&P 500 up 0.4%, Nasdaq up 0.2%, and the Dow Jones climbing 0.5%, as all three indexes closed at or near record highs, extending the S&P 500’s winning streak to five straight sessions.

Optimism around strong corporate earnings—highlighted by an 11% surge in Deckers Outdoor and a nearly 7% gain for Newmont—helped offset weakness from Intel, which slid about 8–9% after disappointing results and job‑cut announcements.

Investor sentiment remains upbeat after the announcement of the U.S - EU trade deal and ahead of a pivotal week featuring major trade negotiation developments, key Fed commentary, and big tech earnings reports.

Headlines You Can't Miss

• Samsung Electronics Co. will produce semiconductors for Tesla Inc. in a new $16.5 billion pact that gives a boost for its underperforming foundry division.

• FCC OKs $8bn Paramount—Skydance Deal, says it ensures ‘diversity of viewpoints’ at CBS

• American's CEO says the airline won't use AI to 'Bait and Switch' ticket shoppers.

• Universal Music Group Files for US IPO. Shares in the company, which is based in the Netherlands and trades on the Euronext Amsterdam exchange, are up 10% so far this year.

Friday’s Biggest Moves in the S&P 500

Earnings Recap

Aon plc (AON) delivered 11% total revenue growth to about $4.16 billion, including 6% organic growth, beating expectations by a slight margin.

Adjusted EPS rose 19% to $3.49, topping analyst consensus (~$3.40), reflecting strong operational efficiency and margin expansion.

Free cash flow surged 59% year-on-year to $732 million in the quarter, boosting capital return initiatives and debt reduction.

CEO Quote🎤: “We delivered strong second quarter results, including 6% organic revenue growth, 19% growth in adjusted EPS, and 59% free cash flow growth,” said Greg Case, capturing the core momentum of the quarter”

Phillips 66 (PSX) beat expectations with adjusted EPS of $2.38, outperforming analyst consensus of $1.71, while revenues rose to $33.77 billion, topping forecasts around $32 billion.

Refining was the standout performer: utilization reached 98%, its highest since 2018, margins improved to $11.25 per barrel, and turnaround expenses dropped to $53 million—a 47% decline year-over-year.

Management highlighted disciplined financials, returning over $900 million to shareholders via dividends and buybacks, and reaffirmed commitment to their strategy and cash-return targets.

CEO Quote🎤: “During the quarter, Refining ran at the highest utilization since 2018, achieved its lowest cost per barrel since 2021, strong market capture and record year‑to‑date clean product yield.” 

Autonation (AN) posted 8% year-on-year revenue growth, landing at approximately $7.0 billion, slightly below analyst expectations.

The company delivered a strong adjusted EPS of $5.46, well ahead of forecasts (vs. ~$4.70), despite GAAP earnings falling to $2.26 due to impairments.

Performance was broad-based: new‑vehicle sales increased 9%, used‑vehicle revenue rose 4%, after‑sales services grew 12%, and customer financing climbed 13%.

CEO Quote🎤: “We are pleased to report another quarter of strong performance, with robust growth across the entire business.”

What’s Next?

Key Earnings Today 👇

Welltower (WELL): Quarterly revenue is forecast to grow by 37% to $2.5 billion while net profit is expected to decline by 30% to $0.74 per share.

Enterprise Product Partners (EPD): Analysts project quarterly revenue growth of 5% to $14.2 billion and with earnings flat at $0.64 per share.

Nucor (NU): Analysts project quarterly revenue growth of 4.6% to $8.45 billion with earnings flat at $2.67 per share.

Kilroy Realty (KRC): Analysts project a quarterly revenue decline of 2.5% to $270 million and a decline in earnings by 46% to $0.59 per share.

Earnings This Week

Investors eagerly await earnings reports by the likes of V, MSFT, AAPL, AMZN, META, PG, SOFI and many more

Track upcoming news and earnings on your portfolio companies with Ziggma.

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DISCLAIMER: None of this is financial advice. The newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.