Tech Lost the Vote 💻

Welcome to LazyListen. This is The Daily Rip for today. Tech stocks took a hit after the bell, led by Netflix, which stumbled despite a nearly on-target quarter.

56 billion dollars, slightly below the forecast. But it was the soft guidance for the third quarter and a pullback on engagement data that spooked investors. 86 billion dollars, both shy of analyst estimates.

The company also revealed that live programming, while costing over five percent of content spend, accounts for just one percent of viewing hours—a sign that some bets aren’t paying off. With growth expectations high, the cautious tone was enough to send Netflix shares down more than seven percent in after-hours trading. Meanwhile, Taiwan Semiconductor, the world’s largest contract chipmaker, posted a blowout quarter with revenue up nearly thirty four percent and profit soaring seventy seven percent.

Earnings hit four dollars and thirty-one cents per share, beating estimates handily. The company raised its 2026 revenue growth forecast to just over forty percent and bumped capital spending to as much as 64 billion dollars, up from prior guidance. But despite the strong results, TSMC shares fell more than two percent amid a broader chip sector selloff.

S. expansion, including a 100 billion dollar increase in spending on its Arizona plant, bringing total American investment to two hundred sixty five billion dollars. The market wants to see if these costly overseas fabs can match the profitability of Taiwan operations before rewarding the stock further.

In healthcare, UnitedHealth delivered a standout quarter with adjusted earnings of six dollars and thirty-eight cents per share, well above the expected four dollars and ninety cents. Revenue topped one hundred twelve billion dollars, and the company improved its medical-care ratio, signaling better cost control. 25 dollars.

Despite this strong beat and raised outlook, the stock’s early rally faded, closing up just over one percent after reaching double-digit gains intraday. The market’s cautious tone may reflect broader concerns about healthcare costs and regulatory pressures. In pharma news, Eli Lilly made a big move into psychedelics by agreeing to acquire AtaiBeckley, a developer focused on treatments for depression.

8 billion dollars, including contingent payments tied to clinical and regulatory milestones over the next seven years. 8 billion dollars upfront, with additional payments possible if certain goals are met. AtaiBeckley’s shares jumped more than thirty percent on the news, while Lilly’s stock rose modestly.

This acquisition signals Lilly’s bet on emerging mental health therapies, a sector gaining investor attention but still facing significant scientific and regulatory hurdles. -driven spending. The Federal Reserve’s target range remains between three and three-quarters and three and a half percent, but nine of 18 officials now see at least one rate hike in 2026.

June’s consumer price index fell slightly month-over-month, with energy costs down sharply, but annual inflation remains sticky at three and a half percent headline and two and a half percent core. The next Fed meeting is July 29, and markets will be watching closely for any shifts in tone. B.

Hunt jumped eight percent after beating earnings expectations on intermodal growth. Cintas also rallied seven percent following record margins and strong revenue guidance for 2027. I.

project. I. spending and debt weighed on sentiment.

In medical tech, Intuitive Surgical slid seven percent despite an earnings beat, as growth slowed. Space and storage stocks took a hit, with Rocket Lab down twelve percent after a competitor was preferred in a recent contract, and SanDisk plunged thirteen percent amid worries over Chinese NAND supply. m.

m. Earnings to watch before the open include Regions Financial, Truist Financial, Travelers, and Fifth Third Bancorp. S.

Gold Corp and Diginex Ltd. will report results. These data points and earnings will help set the tone as investors digest the latest Fed signals and corporate earnings momentum.

Thanks for listening. Catch you next time on LazyListen.