Earnings Reports: Investors are anticipating earnings reports from major companies, including Tesla, Alphabet (Google), Visa, IBM, and several pharmaceutical firms like AbbVie, AstraZeneca, and Bristol Myers Squibb.
Economic Data: The June personal consumption expenditures (PCE) index report on Friday and the first estimate of second-quarter GDP on Thursday will be closely watched.
Federal Reserve: The PCE report is the last significant inflation data before the Federal Reserve's next meeting. The Fed is in a blackout period, preventing public comments this week.
Political News: President Biden announced he will not seek reelection, endorsing Vice President Kamala Harris.
Detailed Schedule:
Monday: Earnings from SAP, Verizon, Ryanair, and Truist Financial.
Tuesday: Existing home sales (June); earnings from Alphabet, Tesla, Visa, Coca-Cola, GE Aerospace, Comcast, and UPS.
Wednesday: S&P Global flash composite U.S. PMI (July); new home sales (June); advance international trade, retail inventories, and wholesale inventories (June); earnings from Thermo Fisher Scientific, IBM, ServiceNow, and AT&T.
Thursday: Second-quarter GDP, durable goods (June); earnings from AbbVie, AstraZeneca, Union Pacific Corp, Unilever, and Honeywell International.
Friday: PCE index (June), consumer sentiment (July); earnings from Bristol Myers Squibb, Colgate-Palmolive, and 3M.
Focus Areas:
Tesla: Expected to draw significant attention with its earnings report following a strong quarterly delivery performance.
Alphabet: Anticipated to improve on its previous quarter’s 15% revenue increase and its first dividend announcement.
Pharmaceuticals: AbbVie, AstraZeneca, and Bristol Myers Squibb's earnings reports will be scrutinized, especially AbbVie due to competition for its arthritis drug Humira.
Economic Indicators: Friday’s PCE report and Thursday’s GDP data are crucial for assessing inflation and economic growth ahead of the Fed meeting.
Investor Insights:
Tech and Telecom: Earnings from tech giants and telecom carriers like Verizon and AT&T will be pivotal.
Consumer Brands: Reports from Coca-Cola, Colgate-Palmolive, and Unilever will reveal consumer spending trends.
Federal Reserve Watch: The PCE report is critical for the Fed’s decision-making on interest rates, with potential rate cuts being debated for the upcoming meeting.
This week promises to be eventful for investors, with significant earnings reports, key economic data releases, and major political developments shaping market expectations.
Economic Data: The June personal consumption expenditures (PCE) index report on Friday and the first estimate of second-quarter GDP on Thursday will be closely watched.
Federal Reserve: The PCE report is the last significant inflation data before the Federal Reserve's next meeting. The Fed is in a blackout period, preventing public comments this week.
Political News: President Biden announced he will not seek reelection, endorsing Vice President Kamala Harris.
Detailed Schedule:
Monday: Earnings from SAP, Verizon, Ryanair, and Truist Financial.
Tuesday: Existing home sales (June); earnings from Alphabet, Tesla, Visa, Coca-Cola, GE Aerospace, Comcast, and UPS.
Wednesday: S&P Global flash composite U.S. PMI (July); new home sales (June); advance international trade, retail inventories, and wholesale inventories (June); earnings from Thermo Fisher Scientific, IBM, ServiceNow, and AT&T.
Thursday: Second-quarter GDP, durable goods (June); earnings from AbbVie, AstraZeneca, Union Pacific Corp, Unilever, and Honeywell International.
Friday: PCE index (June), consumer sentiment (July); earnings from Bristol Myers Squibb, Colgate-Palmolive, and 3M.
Focus Areas:
Tesla: Expected to draw significant attention with its earnings report following a strong quarterly delivery performance.
Alphabet: Anticipated to improve on its previous quarter’s 15% revenue increase and its first dividend announcement.
Pharmaceuticals: AbbVie, AstraZeneca, and Bristol Myers Squibb's earnings reports will be scrutinized, especially AbbVie due to competition for its arthritis drug Humira.
Economic Indicators: Friday’s PCE report and Thursday’s GDP data are crucial for assessing inflation and economic growth ahead of the Fed meeting.
Investor Insights:
Tech and Telecom: Earnings from tech giants and telecom carriers like Verizon and AT&T will be pivotal.
Consumer Brands: Reports from Coca-Cola, Colgate-Palmolive, and Unilever will reveal consumer spending trends.
Federal Reserve Watch: The PCE report is critical for the Fed’s decision-making on interest rates, with potential rate cuts being debated for the upcoming meeting.
This week promises to be eventful for investors, with significant earnings reports, key economic data releases, and major political developments shaping market expectations.