Earnings season ramps up into full gear this week, with six portfolio holdings set to report quarterly results. Capital One Financial reports on Tuesday evening, followed by GE Vernova on Wednesday morning and Alphabet after Wednesday’s close. Dover and Honeywell Technologies are out before Thursday’s open, with Intel rounding things out for us on Thursday evening. COF YTD mountain Capital One TYD Expectations for Capital One are not all that high, with shares heading into the print nearly 20% off their January all-time high. That includes a recent rally off 52-week lows. To believe that nascent recovery can continue, we need to see further progress on the Discover integration and a clear path to how it will help drive increased profitability. A more measured pace of investment to support the deal would be welcomed. We are prepared for some caution from management given the recent spike in oil and gas prices, which can put pressure on consumer discretionary spending. Given that Capital One’s credit and debit card client base spans the income spectrum, it is uniquely positioned to provide insights into the state of consumers at various income levels. That said, because Capital One has that customer makeup, unlike, say, American Express , which caters to the more affluent consumer, we’ll need to watch out for net charge-offs and delinquency rates. Credit quality hasn’t been a problem this year, as evidenced by last week’s bank earnings. But it’s something Capital One bears always jump on. The Street is looking for earnings per share (EPS) of $4.77 on revenue of $15.77 billion, according to LSEG. GEV YTD mountain GE Vernova YTD For GE Vernova, it’s all about demand for gas turbines to power data centers. In addition to the headline numbers, investors will be scrutinizing order volume and the book-to-bill ratio. A book-to-bill greater than 1 indicates that orders are being taken faster than they can be fulfilled, resulting in backlog growth and increased transparency into future sales and earnings potential. Electrification could be a source of upside, too . Supply chain commentary will also be top of mind as investors look for anything that could represent a potential bottleneck in the AI trade. The Street is looking for EPS of $3.01 on revenue of $10.7 billion, according to LSEG. GOOGL YTD mountain Alphabet YTD When Alphabet reports, aside from continued mid-teens year-over-year growth in its bread-and-butter Search business, the focus will be on capital expenditure (capex) commentary and demand for AI. We want the company to address Friday’s Bloomberg report that Google is months behind in delivering its latest Gemini AI model. In addition to pure-play AI revenue streams, like Gemini subscriptions, we want to hear about how AI implementation is helping with YouTube engagement and opening up new potential revenue streams. With Wall Street on edge about capex levels, the more management can do to show various paths to monetization, the better. It would be great to hear more about the $85 billion in stock sales the company recently made to offset its AI spending. Demand for Alphabet’s custom chips (co-designed with fellow Club stock Broadcom ) and their impact on the company’s cloud margins will also be crucial. The Street is looking for EPS of $2.89 on revenue of $116.89 billion, according to LSEG.b DOV YTD mountain Dover YTD As in the last quarter, Dover must prove itself with its upcoming second-quarter earnings. It passed that test back in April with a strong quarter. But the stock is now trading poorly again. Dover is not a bad company, but the question is whether it is performing well enough — and has an exciting enough story — to attract investor dollars in this AI-obsessed environment. It does have some AI exposure with liquid cooling in data centers, but it also has sleepier businesses like can-making and textiles. With our portfolio nearly maxed out at 34 stocks, we’re open to booting names that aren’t performing. For Dover, key metrics to evaluate include order growth and organic sales growth, which in the first quarter were 24% and 5.3%, respectively; both were impressive versus expectations. Profitability performance matters, too, given some analysts argue its below-peer margins warrant a valuation discount for the stock. In the bigger picture, we want an update on Dover’s capital allocation plans. Is there any M & A on the horizon? It ended last quarter with $1.6 billion in cash and cash equivalents, with a manageable debt load. In recent quarters, CEO Richard Tobin has said the valuations of potential takeover targets are a bit stretched. The Street is looking for earnings of $2.73 per share on revenue of $2.21 billion, according to LSEG. HON YTD mountain Honeywell Technologies YTD Honeywell Technologies (HON) will report numbers including Honeywell Aerospace (HONA), which was spun off on June 29, at the end of the second quarter. It shouldn’t be as noisy as fellow Club name FedEx (FDX) last month, which was dealing with a spinoff of FedEx Freight (FDXF) and a fiscal calendar change. But it’s important to remember that the first quarterly reports post-spin-offs require adjustments. Honeywell Technologies sells sensors, control and safety systems, and other equipment used in factories, buildings, and industrial facilities. The overarching goal is to help those places run more efficiently through increased automation. Similar to Dover, Honeywell Technologies’ orders and organic growth rate — both companywide and for its three segments (building automation, process automation and technology, and industrial automation) — are key metrics. The process automation business, in particular, has seen some shipments pushed out due to the Middle East conflict, so we’ll look for updates on where those sales stand. On the flip side, Honeywell Aerospace serves the oil and gas industries and could see an uplift as regional infrastructure is repaired. CEO Vimal Kapur’s comments on ways that Honeywell Technologies can improve as a streamlined company, including on M & A, will be notable. The Street is looking for EPS of $4.81 on revenue of $9.5 billion, according to LSEG. INTC YTD mountain Intel YTD Intel will be the name best positioned to provide the most insight into data center demand. It’s Jim Cramer’s favorite stock in the portfolio, and we’ve been building out the position aggressively. On the data center side, we expect the commentary to be bullish, and we’re interested in better understanding any changes in how companies are allocating AI capex these days, given what we heard from IBM in its pre-announced earnings warning last week. Fortunately, we don’t expect any pullback in demand for Intel’s offerings, especially now that agentic AI is driving renewed demand for CPUs. As it relates to personal computer (PC) demand, however, we expect commentary to be a bit more conservative, as high memory prices drive up the cost of consumer electronics. We know that Apple recently raised prices on Macs and iPads for that very reason. As for Intel’s foundry business, any commentary on manufacturing partnerships will be of interest, as Intel represents a way to bring critical semiconductor manufacturing capabilities back to the United States. The Street is looking for EPS of 21 cents on revenue of $14.43 billion, according to LSEG. Week ahead Monday, July 20 Before the bell: Domino’s Pizza (DPZ) After the bell: AMC Entertainment (AMC), Crown Holdings (CCK), Steel Dynamics (STLD), WR Berkley (WRB), Zions Bancorp (ZION) Tuesday, July 21 Before the bell: Halliburton (HAL), D.R. Horton (DHI), Vicor (VICR), Ally Financial (ALLY), General Motors (GM), Charles Schwab (SCHW), Danaher (DHR), 3M (MMM), Valmont Industries (VMI), Genuine Parts Company (GPC), Atlantic Union Bankshares (AUB), Equifax (EFX), Hasbro (HAS), KeyCorp (KEY), Mercantile Bank (MBWM), Marsh (MRSH), MSCI (MSCI), Northrop Grumman (NOC), Novartis (NVS), OFG Bancorp (OFG), Peoples Bancorp (PEBO), Synchrony Financial (SYF) After the bell: Capital One Financial (COF) , Alaska Air Group (ALK), East West Bancorp (EWBC), AAR (AIR), Annaly Capital Management (NLY), EQT Corporation (EQT), Northpointe Bancshares (NPB), Range Resources (RRC), Hancock Whitney (HWC), Pegasystems (PEGA), Western Alliance Bancorporation (WAL), AMERISAFE (AMSF), Bridgewater Bancshares (BWB), Chubb (CB) Wednesday, July 22 Before the bell: GE Vernova (GEV), AT & T (T), Philip Morris International (PM), Travel + Leisure (TNL), Wabtec (WAB), CME Group (CME), First BanCorp (FBP), Iridium Communications (IRDM), Moody’s (MCO), PulteGroup (PHM), TE Connectivity (TEL), BankUnited (BKU), Badger Meter (BMI), Equinor (EQNR) After the bell: Alphabet (GOOGL), Tesla (TSLA), ServiceNow (NOW), IBM (IBM), Texas Instruments (TXN), Kinder Morgan (KMI), Texas Capital Bancshares (TCBI), Crown Castle International (CCI), SL Green Realty (SLG), CSX (CSX), First American (FAF), Southwest Airlines (LUV), United Rentals (URI) Thursday, July 23 Before the bell: Dover (DOV), Honeywell (HON) , Nokia (NOK), Cleveland-Cliffs (CLF), American Airlines Group (AAL), Freeport-McMoRan (FCX), Huntington Bancshares (HBAN), STMicroelectronics (STM), Blackstone (BX), Cemex (CX), Lockheed Martin (LMT), Tractor Supply (TSCO), Dow Chemical (DOW) After the bell: Intel (INTC), MaxLinear (MXL), Deckers Brands (DECK), Newmont Mining (NEM), Boyd Gaming (BYD) Friday, July 24 Before the bell: American Express (AXP), Charter Communications (CHTR), Verizon Communications (VZ), NextEra Energy (NEE), Canadian National Railway (CNI), Booz Allen Hamilton (BAH), Lamb Weston Holdings (LW), HCA Healthcare (HCA), SLB (SLB) (See here for a full list of the stocks in Jim Cramer’s Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust’s portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB. NO SPECIFIC OUTCOME OR PROFIT IS GUARANTEED.
Here are the 6 big things we’re watching in the stock market this week
Jul 19, 2026
