JPMorgan (JPM), Tesla (TSLA), a bomb of bad news...ExxonMobil (XOM) runs wild alone

▲ US Stocks, JPMorgan (JPM), ExxonMobil (XOM), Tesla (TSLA)/AI Generated Image

According to crypto media outlet BeInCrypto on July 9 (local time), JPMorgan (JPM), ExxonMobil (XOM), and Tesla (TSLA) were selected as US stocks to watch in July. Amid different variables such as bank earnings, oil price shocks, and electric vehicle demand, the options market and institutional fund flows already showed clear changes.

JPMorgan opens the bank earnings season on July 14. The market expects earnings per share of $5.44, an increase of about 10% year-on-year, but this is less than the $5.94 in the first quarter. The Chaikin Money Flow Index (CMF), which shows institutional fund flows, fell to minus 0.15, and the put-call ratio of options trading volume surged from 0.25 to 0.81 from July 6 to 8. The open interest ratio remained at approximately 1.05.

The opposite trend was observed in ExxonMobil. The CMF turned positive at the end of June, recording 0.09, and institutional buying flowed in even before the Iran ceasefire broke on July 7. Amid the Strait of Hormuz attack and rising oil prices, the company announced an increase in second-quarter profits and will release its earnings on July 31. From July 6 to 8, the put-call ratio of options trading volume fell from 0.54 to 0.25, and the open interest ratio also decreased to 0.64.

Tesla fell 12.38% since the beginning of the year ahead of its earnings release on July 22. The CMF remained positive at 0.04 but has been declining since July 7, and the put-call ratio of options trading volume, which was approximately 0.53 at the end of June, rose to 1.01. The open interest ratio remained at approximately 0.73. With Rivian's new R2 sport utility vehicle offering a lower price than the Model Y, Tesla's robotaxi revenue is expected to remain limited until 2027.

[Article Key Summary]

-Ahead of its earnings release on July 14, JPMorgan's CMF fell to minus 0.15, and its options put-call ratio surged to 0.81.

-ExxonMobil's CMF turned positive to 0.09, and its options put-call ratio fell to 0.25, indicating strong call demand.

-Tesla fell 12.38% since the beginning of the year, and its options put-call ratio rose to 1.01 ahead of its earnings on July 22.

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