The flood of reports

Unexpectedly strong from automotive giant Ford

The American automotive group Ford reports adjusted earnings per share of $0.42 for the second quarter. Analysts expected earnings of $0.35 per share, according to an average forecast from S&P Global Market Intelligence. This is reported by Nyhetsbyrån Direkt.

Sales of $48.3 billion beat expectations by a wide margin.

The company raises its full-year forecast for adjusted EBIT to a range of $10–11 billion from a previous range of $8.5–10.5 billion.

New Air Force One plan weighs on Boeing

Airplane manufacturer Boeing reported a worse-than-expected result for the second quarter, despite improvements in the company's commercial operations, writes the Financial Times.

The main reason is said to be the contract for the new presidential planes, which is four years behind schedule. The delays have led to hundreds of millions of dollars in additional costs and are weighing on Boeing's defense business.

The contract to convert two Boeing 747-8s into presidential planes was signed during Donald Trump's first term and is worth $3.9 billion. Since the contract has a fixed price, Boeing itself has had to bear the exorbitant costs.

The company's former CEO Dave Calhoun stated in 2022 that the contract involved risks that the company "probably should not have taken". 

Announcement of increased investments could lower Microsoft

On Wednesday evening, Microsoft will release its quarterly report. After Alphabet's share price fell after they submitted their report last week, the market is now at full swing.

What caused Alphabet to fall was mainly the announcement that the company will spend even more to open new data centers.

When Microsoft presents its quarterly report, announcements made on the same issue will be scrutinized carefully, writes CNBC. The market does not want to see a shrinking cash flow and uncertain returns.

“If Microsoft announces increased capital spending again, it will – judging by the reaction to Alphabet last week – likely lead to selling pressure on the stock,” Cowen analyst Derrick Wood told CNBC.