Tech giants Alphabet (GOOG, GOOGL) and Tesla (TSLA) are set to release their latest quarterly earnings this week with investors watching closely to get any insight into how the tech sector may play out as many rotate out of Big Tech in favor of small-cap stocks (^RUT). Catalysts welcomes on Evercore ISI managing director and head of internet research Mark Mahaney to talk about upcoming Big Tech earnings, particularly Alphabet's. "On the consumer side, whether the Google search results are perceived to be better, more relevant than they were in the past, and we've done our own survey work on this... and so far, we have found that consumers find the results from Gemini and AI overviews to be better than what they had before. And they're responding by doing more searches," Mahaney states. "On the advertiser side... our checks have kind of indicated that the quality of the leads coming out of Google search is slightly improved. If that's true, and if that's sustained, that's what advertisers care about," he adds. "And so if you can maintain that or even improve that, you've got a chance for kind of a double-barreled boost to Google search revenue, both in terms of query volumes and in terms of improved return on ad spend for which advertisers were willing to spend more." Mahaney also names Uber (UBER) as his number two pick in tech, finding robotaxis will be "part of the rode-sharing solution." He also discusses his position on Shopify (SHOP) and Amazon (AMZN). For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino...

Tesla stock has surged more than 20% in July ahead of Q2 earnings and revenue on Tuesday. Meanwhile, Elon Musk is talking politics...

Tesla (TSLA) earnings are due out tomorrow — Tuesday, July 23 — as the EV maker seeks to unveil its own robotaxi this October and rollout humanoid robots in its factories in 2025. Roth MKM senior research analyst Craig Irwin has a Neutral rating on Tesla stock with a price target of $85 per share, believing the company to be "egregiously overvalued." Irwin sits down with Seana Smith and Madison Mills on The Morning Brief to discuss Tesla's pivot into other realms of tech and why fundamentals may matter the most this quarter. "It was widely expected they were going to they were going to have a weak quarter. And it actually ended up being a pretty pretty strong quarter. They're still down 5% year over year in deliveries and there's about $5,000 a unit in discounting," Irwin explains. "So it's about 250 basis points and probable margin erosion sequentially, so they still got margin problems, they still got growth problems. But the valuation, I mean, the run in the stock in the last month has been pretty substantial." For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Luke Carberry Mogan...

Elon Musk has backtracked on claims made in April that Tesla's humanoid robots would be ready to sell by 2025...

The CEO said the electric-vehicle maker would use the robots internally first before producing them for other companies...