What To Expect in the Markets This Week – Yahoo Finance

Next time we’ll cover PCE Inflation, Q2 GDP, Tesla, Google and Visa earnings.

Key Takeaways

• Investors are focusing their attention this week on earnings reports from major technology companies, including Tesla, Google parent Alphabet and IBM.

• A number of pharmaceutical companies, including AbbVie, AstraZeneca and Bristol-Myers Squibb, are also scheduled to release financial reports.

• The June personal consumption expenditures index, due on Friday, will be the last report on inflation before the Federal Reserve next meets.

• Investors will also get their first look at second-quarter gross domestic product figures on Thursday.

Investors this week have been buying TeslaTSLAThe New York Times report, due to be published on Tuesday, is likely to attract the most attention.

alphabet (Google),visa(Five), Verizon Communications (VZ), IBM (IBM), AT&T (T) is also scheduled to report financial results this week. AbbVie (ABV), AstraZeneca (Azun), Bristol-Myers Squibb (Be Me).

June Report Personal Consumption Expenditures (PCE) The index will signal whether inflation will continue to fall and will give Fed officials a fresh update on prices before they meet in late July. Investors will also get their first idea of ​​what the second-quarter forecast is. Gross Domestic Product (GDP).

Federal Reserve officials are in a blackout period until their next meeting and cannot comment publicly this week.

Monday, July 22

• SAP (Financial Statements), Verizon Communications, Ryanair Holdings (Yeah.), and Truist Financial (TFC) reports earnings.

Tuesday, July 23

• Existing Home Sales (June)

• Alphabet, Tesla, Visa, Coca-Cola (KO), GE Aerospace (GE), Comcast (CMCSA), United Parcel Service (UPS) Earnings Report

Wednesday, July 24

• S&P Global Composite US PMI (July)

• New Home Sales (June)

• Promoting International Trade (June)

• Retail inventory previous month (June)

• Pre-wholesale inventory (June)

• Thermo Fisher Scientific (TMO), IBM, ServiceNow (now) and AT&T report earnings

Thursday, July 25

• Gross Domestic Product (GDP) (2nd quarter)

• Durable Goods (June)

• AbbVie, AstraZeneca, Union Pacific Corporation (united nations), Unilever (UL) and Honeywell International (Hon) Earnings Report

Friday, July 26

• Personal consumption expenditure (PCE) index (June)

• Consumer Sentiment (July)

• Bristol-Myers Squibb, Colgate-Palmolive (CL) and 3M (Hmm) Earnings Report

Investors focus on Tesla, Google, Visa earnings

Several highly anticipated second-quarter financial reports are due to be released this week, with corporate earnings reports from major technology, communications and pharmaceutical companies.

The story continues

Investors will be closely watching Tesla’s report on Tuesday. Better-than-expected quarterly delivery report Tesla’s stock price has soared. Second Quarter Earnings This is close to the figure announced for the same period last year.

Also on Tuesday, Google parent Alphabet is aiming to beat last quarter’s results. Reported a 15% increase in revenueAt the same time, the company also announced its first-ever dividend to shareholders. Investors will hear from IBM and ServiceNow on Wednesday.

This week, the major telecommunications companies will report their financial results. Verizon Communications reports on Monday, while AT&T reports on Wednesday. Facing a data breachCable and internet provider Comcast reported Tuesday.

Drugmaker AbbVie’s earnings came after the company warned of declining sales of its popular arthritis drug. Humira faces increasing competitionOther drugmakers due to report earnings this week include AstraZeneca and Bristol-Myers Squibb, while lab-equipment maker Thermo Fisher Scientific is also due to report quarterly results.

A report due to be released Tuesday by credit card company Visa will provide insight into how consumers are handling the current credit climate.

Investors will also receive earnings reports from several popular consumer brands, including Coca-Cola on Tuesday, which is seeing a rise in sales as shoppers continue to splurge on its products. Willing to pay a higher priceOther companies with consumer brands reporting earnings this week include Colgate-Palmolive, 3M and Unilever.

Inflation, GDP data released ahead of Fed meeting

As hopes of a rate cut grow, market participants will have key inflation data on Friday, including the personal consumption expenditures (PCE) index, which will show whether price growth continued to slow in June.

The data came after Federal Reserve officials said they were increasingly confident that annual inflation was approaching their 2% target. Fed officials have set interest rates at their highest levels in decades to guard against an inflation spike in 2022 and 2023, and they want more positive news on price levels before they start cutting rates.

Friday’s PCE report will be the last major economic data before the Federal Open Market Committee (FOMC) meets at the end of July. Most investors and economists expect the Fed to Wait until the September meetingsome people, The central bank is expected to cut interest rates in JulyFriday’s inflation report could strengthen that argument for officials. Federal Reserve Officials are refraining from commenting this week due to a blackout period in which public comment is prohibited ahead of next week’s FOMC meeting.

Investors will get their first look at second-quarter GDP figures on Thursday. June retail sales report That has some economists thinking the data could turn out to be stronger than expected.

Other economic data due this week include an update on new and existing home sales for June, consumer sentiment, retail and wholesale inventories, and an update on the U.S. trade deficit from the preliminary international trade report for June.

Read the original article Investopedia.