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Map two prior earnings reactions and post-event drift for all 142 July 22 AMC and July 23 BMO reporters, then frame Alphabet's AI-capex read-through without treating capex direction as a one-variable signal.

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Map two prior earnings reactions and post-event drift for all 142 July 22 AMC and July 23 BMO reporters, then frame Alphabet's AI-capex read-through without treating capex direction as a one-variable signal.
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The answer

Verdict. USE AS AN EVENT-REACTION MAP, NOT A PRE-EVENT TRADE SIGNAL. Only 52.1% of latest earnings moves kept their direction through July 21; classify the causal update and live option surface before trading continuation or reversal.

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Earnings History Atlas: July 22 AMC and July 23 BMO

Verdict. USE AS AN EVENT-REACTION MAP, NOT A PRE-EVENT TRADE SIGNAL. Only 52.1% of latest earnings moves kept their direction through July 21; classify the causal update and live option surface before trading continuation or reversal.

Full published report: https://earnings-history-atlas.us-east-1.gists.org

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  • Revision 1 · Jul 21, 2026

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Jul 22, 2026 · Date supplied with this question.