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Market Data Table

Breakfast News: Four Megacaps, One Big Question

July 27, 2026

Friday's Markets
S&P 500 7,412 (+0.05%)
Nasdaq 24,976 (-0.64%)
Dow 51,947 (+0.46%)
Bitcoin $64,167 (-1.43%)

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When SpaceX (NASDAQ:SPCX) staged the largest and most lavish initial public offering (IPO) in history, we Fools told you what we'd say to a wedding couple eyeing their dream venue on a peak Saturday in June. The price is not tracking value; it's tracking your urgency. Shift the season or the day, and the same celebration costs a fraction.

Our verdict on the SpaceX IPO was "not yet." Let the hype fade.

The company's shares first traded at $150, rocketed past $225, then lost orbit and dropped to $115. Just a few weeks after its debut, the stock is about 23% below its open and around 50% down from its all-time high.

This was never pessimism. SpaceX's ability to shape the future was not in question. Its price was. At nearly 100 times sales, that $1.8 trillion valuation left zero margin for error.

Jack Bogle once said, "Speculation is a bet on price; investment is a bet on value."

We're cheering on SpaceX. But our game is investing.

Follow along tomorrow in Breakfast News as our Hidden Gems and Rule Breakers teams weigh in on where they see SpaceX heading from here, including their five-year price targets.

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Chart comparing Meta Platforms', Apple's, Microsoft's, and Amazon's EBITDA over the past five years, with Amazon at $59.6 billion, Microsoft at $50.3 billion, Apple, at $39.3 billion, and Meta at $30 billion.

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1) Big Tech Faces Test After Alphabet's Miss Last Week

Microsoft (NASDAQ:MSFT) leads off the week's "Magnificent Seven" updates with fourth-quarter earnings after Wednesday's closing bell, after the Azure commercial cloud platform growth hit 40% in Q3. Following Alphabet's (NASDAQ:GOOG) extraordinary capital expenditure (capex) commitments that sank the stock last week, all eyes are on artificial intelligence (AI) spending by the hyperscalers -- Microsoft's plans were lifted to $190 billion for the full year in April.
Meta (NASDAQ:META) reports Q2 after hours on Wednesday, with Wall Street expecting close to $60.2 billion in revenue, as the company is reportedly in talks to lease computing power to Anthropic in a deal that could be worth up to $10 billion over two years.
Amazon (NASDAQ:AMZN) follows on Thursday afternoon with Q2 results, as analysts expect revenue to grow 16% to 19% year over year. The previous quarter was one of the strongest in its history, with 17% revenue growth strongly beating predictions.
Apple (NASDAQ:AAPL) posts Q3 figures after Thursday's close, with its lawsuit against OpenAI in the spotlight following accusations that it poached two former employees and acquired hardware secrets. Revenue expectations suggest between $108.0 billion and $108.8 billion.

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2) More Key Earnings: Campsites, Coffee, and Cards

Sun Communities (NYSE:SUI), which operates a portfolio of manufactured housing and recreational vehicle sites, will deliver Q2 results after the market closes today. The real estate investment trust saw core funds from operations beat prior guidance in Q1, with management raising full-year expectations. Recommended in Dividend Investor, Sun has raised its dividend -- currently forecast at 3.55% -- for nine years in a row.
Starbucks (NASDAQ:SBUX), another DI rec, will report Q3 after Wednesday's close. Investors should watch the company's turnaround under CEO Brian Niccol's 18-month plan, following a return to global sales growth in Q2. Starbucks is currently lagging the S&P 500 by 7% following its recommendation in Stock Advisor by Team Hidden Gems a year ago.
Visa (NYSE:V) is due to bring us Q3 details after Tuesday's close, as Middle East tensions helped slow payment volumes in Q2 -- and management expects Q3 revenue to mark the lowest quarter of the fiscal year. Mastercard (NYSE:MA) follows on Thursday, before the opening bell.

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3) Report: Nvidia and Broadcom Ink Big AI Deals

Nvidia (NASDAQ:NVDA) is in talks to provide guarantees for OpenAI, reported The Wall Street Journal on Sunday, in a project to build one of AI's biggest data centers to date. The financial backstop, reportedly worth $250 billion, should help OpenAI lease a 10-gigawatt energy project under development in Ohio by SoftBank's (OTC:SFTBF) energy subsidiary.

Project expected to cost over $500 billion: The $250 billion does not cover the Nvidia chips that would be deployed inside the project, though the WSJ says discussions on that financing aspect are ongoing.
Chip boost for Broadcom AI: Broadcom (NASDAQ:AVGO), meanwhile, has entered into a deal worth over $200 billion for Samsung to supply high bandwidth memory for its AI accelerators, manufacture Broadcom products using its 2-nanometer-and-below process technologies, and provide advanced packaging.

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4) Fed Set to Meet Amid Choppy Markets

Markets were further hit by AI jitters last week, as both Alphabet and Tesla (NASDAQ:TSLA) reported negative quarterly free cash flow and saw their stock prices dip. They helped push the Nasdaq down 2.13% on the week, with the S&P 500 dipping 0.61%.

Crude oil futures down around 5%: A pause in the conflict between the U.S. and Iran helped lower the WTI crude price back down to around $84 per barrel. The glint of optimism helped lift S&P 500 futures close to 1% this morning and raise Nasdaq futures over 1.5%.
Interest rates steady for now?: The Federal Reserve announces its next interest rate decision on Wednesday at 2:00 p.m. ET, as the CME FedWatch tool shows a probability of around a third for a rise this time -- up to three-quarters by the next meeting on Sept. 16.

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5) Today's Take: When the Going Gets Tough, Part 1

Expectations for a stock fluctuate rapidly over the short term but the business fundamentals drive the long-term stock price. I pay attention to the business and let it compound for me. -- Sanmeet Deo, Team Rule Breakers

6) Your Take

Beyond the usual classics, what's an underrated or unexpected book you'd recommend to a fellow investor -- something that changed how you think?

Share with friends and family, or become a member to hear what your fellow Fools are saying!

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