Wall Street is poised for an active Tuesday, driven by key earnings reports from major banks, alongside tech giants like Nvidia, Alphabet, and Microsoft. Investors will also tune into interviews with investor Paul Tudor Jones on AI and Dell’s Michael Dell, while monitoring earnings from Johnson & Johnson and Domino’s Pizza, and Boeing’s latest order and delivery figures.
Get ready for a dynamic trading session as Wall Street focuses on a series of critical reports and high-profile interviews. Following a day where higher oil prices and a downturn in memory stocks kept the S&P 500 in check, Tuesday promises a lineup of market-moving events.
Big Banks Under the Microscope: The financial sector takes center stage with major banks kicking off their earnings season. Citigroup has seen its shares drop 6% over three months and 11% from its June peak. Goldman Sachs is down 15% in the last three months, a 22% dip from its July high. JPMorgan has remained flat over three months but is off 9% from its August high, while Wells Fargo is down 4% in three months and 15% from its January 2026 high. RBC banking analyst Gerard Cassidy commented on CNBC's "Fast Money," suggesting that current estimates for these banking giants might be universally too low, indicating potential surprises ahead.
Paul Tudor Jones on AI: Renowned investor Paul Tudor Jones is slated to appear live on CNBC's "Squawk Box" at 8 a.m. ET. Known for his prior concerns about the unchecked power of artificial intelligence, his insights on this topic are highly anticipated. Investors will be closely watching the performance of leading AI-focused companies: Nvidia, down 7% from last week's high but still up 21% year-to-date; Microsoft, off 2% from its October 2025 high but up a remarkable 55% since June; and Alphabet, down 13% from its May high but showing a 12% gain year-to-date.
Quantum Computing and Dell: CNBC TV's Morgan Brennan will delve into the future of cyberspace with the CEO of quantum computing firm IonQ on "Morning Call" at 5 a.m. The stock has faced significant headwinds, down nearly 50% over the past year and 17% in October alone. Later, at 11 a.m., Michael Dell, Chairman, CEO, and founder of Dell Technologies, will join "Squawk on the Street." Dell shares hit a high on September 18th and are currently down 3% from that level, but have surged an impressive 422% since their January 2026 low. After-hours trading suggests Dell could open around $576 a share.
Additional Key Reports: Tuesday morning also brings earnings from healthcare giant Johnson & Johnson, which is up 2.6% in three months but down 6% from its September high. Domino's Pizza will also report, with its stock up almost 4% in three months but still off 30% from its December high. Finally, CNBC TV's Phil LeBeau will provide the latest figures on Boeing's September orders and deliveries at 11 a.m. The aerospace giant's stock is down approximately 10% since its last release a month ago and 25% from its January high, with extended trading pointing to a Tuesday open around $190 a share.
