Apple, Tesla, Amazon, Exxon Mobil, Pfizer, and different shares to be careful for this week

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It’s the busiest week of the reporting season in the second quarter. About a third of that

S&P 500

Companies should report.

Tesla

and

Lockheed Martin

let go of things

m

onday followed by a full Tuesday:

Apple,

Microsoft,

alphabet,

Visa,

AMD, UPS,

General electrics,

3M, and

Starbucks

Headline a day with 42 reports.

Facebook,

Shopify,

Boeing,

Ford engine,

PayPal stocks,

Pfizer,

and

Qualcomm

Publication of the results on Wednesday. then

Amazon.com,

Comcast,

MasterCard,

and

T-Mobile USA

report on Thursday. After all,

Exxon Mobil,

Caterpillar,

Charter communication,

Chevron,

and

Procter & Gamble

close the week on Friday.

It will also be a busy week for IPOs. The highlight will be the Robinhood Markets investment app, which is expected to go on sale on Thursday. It is aiming for a valuation of around $ 35 billion.

There will be a lot to do in the economic calendar this week as well. The Federal Reserve Policy Committee concluded a two-day session on Wednesday. A change in interest rates is off the table, but officials could reveal more information about their schedule for reducing bond purchases. Fed Chairman Jerome Powell’s post-session press conference will be a must.

On Thursday, the Bureau of Economic Analysis released its first official estimate of US gross domestic product for the second quarter. Economists expect a seasonally adjusted annual growth rate of 9.1% compared to 6.4% in the first quarter.

Other data released this week includes the Conference Board’s consumer confidence index for July and the Department of Commerce’s durable goods orders for June, both on Tuesday. The latter is often seen as a decent proxy for business investment.

Monday, July 26th

Cadence Design Systems,

Hasbro,

Lockheed Martin, Otis Worldwide and Tesla announce quarterly results.

The Census Bureau reports new single family home sales for June. Economists forecast a seasonally adjusted annual rate of 800,000 new homes sold, 4% more than 769,000 in May.

Tuesday, July 27th

It’s a big day for megacap tech Merits. Alphabet, Apple and Microsoft will publish quarterly results. The three companies are among the five largest in the world by market value, valued at $ 6.4 trillion.

3M,

modern micro devices,

Chubb,

Ecolab,

General electrics,

Invesco,

Mondelez International,

MSCI,

Raytheon Technologies,

Starbucks,

United Parcel Service,

and Visa announce receipts.

The conference board publishes its consumer confidence index for July. The consensus estimate is 124, lower than June’s 127.3. The June reading was the highest for the index since the pandemic began.

S&P CoreLogic publishes its Case-Shiller National Home Price Index for May. A year-on-year increase of 16.4% is expected, after an increase of 14.6% in April. The April peak was a record for the index dating back to 1988 when the first data was collected.

Wednesday, July 28th

Automatic data processing,

Boeing,

Bristol Myers Squibb,

Facebook, ford engine,

Generac Holdings,

MC Donalds,

Moodys,

Norfolk South,

PayPal Holdings, Pfizer, Qualcomm, Shopify, and

Thermo Fisher Scientific

Publish quarterly results.

The Federal Reserve Open Market Committee announces its monetary policy decision. The FOMC is expected to keep the key rate unchanged near zero. Wall Street expects the central bank to announce a schedule sometime before the September meeting to reduce its bond purchases from currently around $ 120 billion a month.

Thursday, July 29th

Altria Group,

Amazon.com, Comcast, Hershey,

Hilton Worldwide Holdings,

Mastercard, Merck,

Molson Coors drinks,

Northrop Grumman,

and T-Mobile US will hold conference calls to discuss revenue.

Robinhood Markets, the commission-free investment app, is expected to be traded on the Nasdaq stock exchange under the ticker HOOD. Robinhood plans to offer 55 million shares at $ 38 to $ 42 per share, which equates to a value of approximately $ 35 billion to the company.

The economic office The analysis announces its preliminary estimate of gross domestic product for the second quarter. Economists are forecasting a seasonally adjusted annual growth rate of 9.1%, after an increase of 6.4% in the first quarter. The Federal Reserve is currently forecasting GDP growth of 7% in 2021, which would be the fastest growth rate since 1984.

Friday, July 30th

AbbVie,

Caterpillar, Charter Communications, Chevron, Colgate-Palmolive, Exxon Mobil, Procter & Gamble and

Weyerhäuser

Report quarterly results.

Write to Nicholas Jasinski at [email protected]

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