Apple, Tesla, Amazon, Pfizer, and Other Stocks to Watch This Week

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It’s the busiest week of second-quarter net season. About 1 3rd of S&P 500 companies are scheduled to report. Tesla and Lockheed Martin footwear things disconnected on M onday, followed by a packed Tuesday: Apple, Microsoft, Alphabet, Visa, AMD, UPS, General Electric, 3M, and Starbucks header a 42-report day.

Facebook, Shopify, Boeing, Ford Motor, PayPal Holdings, Pfizer, and Qualcomm merchandise results connected Wednesday. Then Amazon.com, Comcast, Mastercard, and T-Mobile US study connected Thursday. Finally, Exxon Mobil, Caterpillar, Charter Communications, Chevron, and Procter & Gamble adjacent the week connected Friday.

It volition besides beryllium a engaged week for archetypal nationalist offerings. The item volition beryllium investment app Robinhood Markets, which is expected to statesman trading connected Thursday. It is seeking a valuation astir $35 billion.

There volition beryllium plentifulness of enactment connected the economical calendar this week too. The Federal Reserve’s argumentation committee wraps up a two-day gathering connected Wednesday. A alteration successful involvement rates is disconnected the table, but officials could uncover much accusation astir their timeline for reducing enslaved purchases. Fed Chair Jerome Powell’s post-meeting property league volition beryllium must-watch viewing.

On Thursday, the Bureau of Economic Analysis publishes its archetypal authoritative estimation of second-quarter U.S. gross home product. Economists are expecting a white-hot 9.1% seasonally adjusted yearly maturation rate, up from 6.4% successful the archetypal quarter. 

Other information retired this week see the Conference Board’s Consumer Confidence Index for July and the Commerce Department’s durable goods orders for June, some connected Tuesday. The second is often viewed arsenic a decent proxy for concern investment.

Monday 7/26

Cadence Design Systems, Hasbro, Lockheed Martin, Otis Worldwide, and Tesla study quarterly results.

The Census Bureau reports caller single-family location income for June. Economists forecast a seasonally adjusted yearly complaint of 800,000 caller homes sold, 4% much than May’s 769,000.

Tuesday 7/27

It’s a large time for megacap tech earnings. Alphabet, Apple, and Microsoft volition merchandise quarterly results. The 3 companies are among the 5 largest globally by marketplace value, worthy a combined $6.4 trillion.

3M, Advanced Micro Devices, Chubb, Ecolab, General Electric, Invesco, Mondelez International, MSCI, Raytheon Technologies, Starbucks, United Parcel Service, and Visa denote earnings.

The Conference Board releases its Consumer Confidence Index for July. Consensus estimation is for a 124 reading, little than June’s 127.3. The June fig was the highest for the scale since the opening of the pandemic.

S&P CoreLogic releases its Case-Shiller National Home Price Index for May. Expectations are for a 16.4% year-over-year rise, aft a 14.6% leap successful April. The April spike was a grounds for the scale going backmost to 1988, erstwhile information were archetypal collected.

Wednesday 7/28

Automatic Data Processing, Boeing, Bristol Myers Squibb, Facebook, Ford Motor, Generac Holdings, McDonald’s, Moody’s, Norfolk Southern, PayPal Holdings, Pfizer, Qualcomm, Shopify, and Thermo Fisher Scientific merchandise quarterly results.

The Federal Open Market Committee announces its monetary-policy decision. The FOMC is expected to permission the federal-funds complaint unchanged adjacent zero. Wall Street expects the cardinal slope to denote a timeline for reducing its enslaved purchases, presently astir $120 cardinal a month, astatine immoderate clip betwixt present and the September meeting.

Thursday 7/29

Altria Group, Amazon.com, Comcast, Hershey, Hilton Worldwide Holdings, Mastercard, Merck, Molson Coors Beverage, Northrop Grumman, and T-Mobile US clasp league calls to sermon earnings.

Robinhood Markets, the zero-commission concern app, is expected to statesman trading connected the Nasdaq speech nether the ticker HOOD. Robinhood plans to connection 55 cardinal shares astatine $38 to $42 a share, which would worth the institution astatine astir $35 billion.

The Bureau of Economic Analysis reports its preliminary estimation of second-quarter gross home product. Economists forecast a 9.1% seasonally adjusted yearly maturation rate, pursuing a 6.4% summation successful the archetypal quarter. The Federal Reserve presently projects 7% GDP maturation for 2021, which would beryllium the fastest complaint of maturation since 1984.

Friday 7/30

AbbVie, Caterpillar, Charter Communications, Chevron, Colgate-Palmolive, Exxon Mobil, Procter & Gamble, and Weyerhaeuser study quarterly results.

Write to Nicholas Jasinski astatine nicholas.jasinski@barrons.com

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