Wall Street prepares for a dynamic Thursday, highlighted by the release of weekly jobless claims and a packed schedule of corporate earnings from giants such as American Airlines, Blackstone, Lockheed Martin, Intel, Alphabet, and Tesla. Adding to the market buzz, Advanced Micro Devices is set to host a pivotal AI event, ensuring a day rich with potential market-moving developments and investment opportunities.
As the trading week progresses, Thursday promises to be a pivotal day for investors, featuring critical economic data, a flood of corporate earnings, and significant industry events. CNBC will be providing comprehensive coverage, offering insights into what's driving the market.
Economic Barometer: Weekly Jobless Claims
The day kicks off with a key economic indicator: initial weekly jobless claims, due out at 8:30 a.m. ET. The consensus forecast stands at 212,000. Interestingly, prediction market Kalshi shows 30% of traders anticipate the number exceeding 210,000, with only 17% expecting it to top 215,000. Tune into "Squawk Box" for the live numbers and expert analysis.
Earnings Spotlight: Airlines, Finance, and Defense Giants
A host of major companies are set to report earnings, offering a glimpse into various sectors:
- American Airlines: After a 29% surge over three months, the stock is now down 21% from its July high. CEO Robert Isom will join "Squawk Box" live in the 7 a.m. hour to discuss results, with CNBC's Phil LeBeau providing expert commentary.
- Blackstone: The financial powerhouse has seen its shares dip 5.3% in three months and 35% from its September 2025 high. President and COO Jon Gray is scheduled for a live interview on "Squawk Box" in the 8 a.m. hour, with CNBC's Leslie Picker covering the details throughout the day.
- Lockheed Martin: The defense giant reports around 6:30 a.m. ET. The stock is down 7% over three months and 25% from its March high. CNBC TV's Morgan Brennan will bring the numbers and market reaction.
Tech Titans Under Scrutiny: Intel, Alphabet, and Tesla
The technology sector remains a focal point:
- Intel: Up 57% in three months but down approximately 27% in July, Intel's earnings are eagerly awaited. StockStory, a CNBC partner, notes that analysts have largely reconfirmed estimates, suggesting stability heading into results. Implied volatility for Thursday is high at 12%, signaling potential price swings.
- Alphabet: Following its quarterly results, Alphabet shares were down 3% after hours. Despite beating revenue estimates in Q2, adjusted earnings per share missed expectations. The company also announced significant capital expenditures guidance as it intensifies its efforts in the AI race. Shares are down 16% since their May 18 high. CNBC's "Morning Call" with Morgan Brennan will have full details starting 5 a.m.
- Tesla: Elon Musk's EV company saw its stock dip 4% after hours and is down about 17% for the year so far. While Tesla surpassed revenue estimates, it fell short on earnings per share. More in-depth analysis will be featured on "Morning Call" at 5 a.m.
Navigating Earnings Season: Jim Cramer's Wisdom
Amidst the earnings deluge, Jim Cramer of "Mad Money" offers seasoned advice:
- "It is OK to sit on your hands during earnings season."
- "Don't expect rationality and don't bet the house on the earnings season."
- "Just concentrate on good companies long term, but look for sweet buying opportunities that are worth taking."
Catch more of Cramer's insights live from the New York Stock Exchange floor at 9 a.m. on "Squawk on the Street."
AI Innovation: Advanced Micro Devices
Chip giant Advanced Micro Devices (AMD) is hosting a significant AI event in San Francisco. With the stock up 82% in the last three months, though off 5.5% from its June 30 high, all eyes will be on AMD's announcements. CNBC's Jon Fortt will be reporting live from the event.
Thursday is set to be a packed day for market watchers, with crucial economic data, major earnings, and key technological developments driving the narrative. Stay tuned to CNBC for continuous updates and expert analysis.
