Upcoming earnings — VICR Jul 21 · MXL Jul 22 · INTC Jul 23 · STX Jul 28 · WDC Jul 29 · TTMI Jul 29
The biggest story this week: every momentum leader across the NASDAQ-100 and S&P 500 dropped, some sharply, yet the rankings barely moved. That's a momentum holding pattern — the same names still on top, just lower.
NASDAQ-100 / S&P 500
The top five leaders are identical across both indexes, so treat them as one story.
SNDK held #1 in both, but fell 9.82% on the week. WDC at #3 did worse, dropping 11.02%. STX was the hardest hit at -11.47% — remarkable given it's up roughly 250% year-to-date. The storage complex got hit as a group at quarter-end, which looks like profit-taking after a historic run rather than any fundamental break.
MU was the relative bright spot: down only 5.46%, and it climbed one rank to #2. Headlines point to Micron, Intel, and AMD collectively adding $2 trillion in market cap over Q2. INTC held #5, off 6.54%.
The Mag 7 narrative is shifting — multiple headlines this week called them the "Lag 7" for Q2. The actual momentum leaderboard here is all memory and storage, not the megacaps.
S&P 600 Small Cap
This is where the interesting divergence showed up. MXL jumped two ranks to #2 with a 12.47% gain — the only double-digit positive move across all indexes this week. MaxLinear's end-market strength ahead of Q2 earnings drove the move.
VSH was the mirror image: fell two ranks to #3, down 12.43%. Vishay headlines cited the stock trading down, a sharp reversal from its prior #1 slot.
UCTT moved up to #1 with a solid 6.14% gain. KLIC climbed two spots to #5, up 3.94%, even as it faces Russell index removals — a reminder that index mechanics and price momentum can point in opposite directions.
S&P 400 Mid Cap
Quiet at the top. VICR moved to #1 but gained just 0.34% — essentially flat. The stock is up 621% over the past year, so sideways is fine for now.
The bigger move was DOCN falling four ranks to #5, down 9.85%, after sitting at #1 last week. TTMI at #4 dropped 15.65% — steepest weekly loss in this group. VIAV entered the rankings fresh (no prior rank) and immediately dropped 10.45%, which is a rough debut.
The mid-cap list is messy this week: new entrants, big drops, nearly no gains. Rank stability here is low.