Ben discusses SLB rising 5% after beating on broad-based international drilling activity with its Data Center Solutions business on track to exceed $1 billion annualized run rate this year and $2 billion by end of 2027, Intel&#x27;s after-hours pop fading as CapEx ballooned to over $20 billion for 2026 with 2027 significantly higher despite strong Client and Data Center results, Tenet Healthcare soaring 16% on a massive EPS guidance raise from Medicaid supplemental payments in TX and CA, HCA falling 3% on payer mix headwinds from ACA coverage losses, and NextEra reiterating all guidance through 2035 as power demand accelerates. Join our live YouTube stream Monday through Friday at 8:30 AM EST: http://www.youtube.com/@TheMorningMarketBriefing Please see disclosures: https://www.narwhal.com/disclosure

SLB Beats as Data Centers Hit $1B, Intel Fades on CapEx, Tenet Soars 16% | July 24, 2026 – Morning Market Briefing

The Morning Market Briefing

Good morning. Welcome to The Morning Market Briefing. Today is Friday, July 24, 2026. I hope you are doing well. Almost the weekend. I am riding solo today, but we do have a lot to get to. Trump is talking about he's losing patience. He's talking about more Iranian attacks. We'll talk a little bit about that. We're going to talk about the tariff situation. More tariffs are coming on, although they're just really replacing tariffs that have gone on.

We're going to talk about Intel, which was ripping until they said that they're going to spend a lot of money on CapEx. And then we're going to give you a little preview of the week ahead. We have some big earnings reports. Wednesday evening is going to be just, I think we might just do an all nighter. I think the analyst team doesn't know it yet, but I think I'm just going to order pizza and lock the doors and keep them here for the duration because we have

Microsoft, Meta, Meta, Qualcomm, Starbucks, Railroad Canadian Pacific, we just have Chipotle even. Thankfully, we don't own Chipotle, but that company is reporting next week. To kick off though, let's start on the war front with rates. And I made this point yesterday and I just want to emphasize because I think repetition is

important here. And that is the big negative from the war as far as the economy is concerned, I believe is not inflation. I believe it's the impact on interest rates and the impact on the national debt and the deficit.

SLB Beats as Data Centers Hit $1B, Intel Fades on CapEx, Tenet Soars 16% | July 24, 2026 – Morning Market Briefing

Read the full transcript

The candid version is on a podcast,
not the earnings call.

SLB Beats as Data Centers Hit $1B, Intel Fades on CapEx, Tenet Soars 16% | July 24, 2026 – Morning Market Briefing

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.