Today the economic calendar looks bare on with no relevant data set to come out. However, the earnings calendar is packed to them brim.

The following companies are slated to release quarterly earnings today, July 21:

Anthem Inc. (NYSE:ANTM -- $389.94) operates as a health benefits company in the United States. Anthem will report its Q2 earnings of 2021 before the bell today.

ASML Holding N.V. (NASDAQ:ASML -- $684.05) develops, produces, markets, sells, and services advanced semiconductor equipment systems consisting of lithography, metrology, and inspection related systems for memory and logic chipmakers. ASML will report its Q2 earnings of 2021 before the bell today.

Baker Hughes Co. (NYSE:BKR -- $20.04) provides a portfolio of technologies and services worldwide. Baker Hughes will report its Q2 earnings of 2021 before the bell today.

BOK Financial Corp. (NASDAQ:BOKF -- $81.35) operates as the financial holding company for BOKF, NA that provides various financial products and services in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona, and Kansas/Missouri. BOK Financial will report its Q2 earnings of 2021 before the bell today.

The Coca-Cola Co. (NYSE:KO -- $55.83) manufactures, markets, and sells various nonalcoholic beverages worldwide. Coca-Cola will report its Q2 earnings of 2021 before the bell today.

Comerica Inc. (NYSE:CMA -- $65.66) provides various financial products and services. Comerica will report its Q2 earnings of 2021 before the bell today.

FirstCash Inc. (NASDAQ:FCFS -- $74.89) operates retail pawn stores in the United States and Latin America. FirstCash will report its Q2 earnings of 2021 before the bell today.

Harley-Davidson Inc. (NYSE:HOG -- $43.80) manufactures and sells custom, cruiser, and touring motorcycles. Harley-Davidson will report its Q2 earnings of 2021 before the bell today.

Healthcare Services Group Inc. (NASDAQ:HCSG -- $30.72) provides management, administrative, and operating services to the housekeeping, laundry, linen, facility maintenance, and dietary service departments of nursing homes, retirement complexes, rehabilitation centers, and hospitals in the United States. Healthcare Services Group will report its Q2 earnings of 2021 before the bell today.

The Interpublic Group of Companies Inc. (NYSE:IPG -- $31.27) provides advertising and marketing services worldwide. Interpublic will report its Q2 earnings of 2021 before the bell today.

Johnson & Johnson (NYSE:JNJ -- $168.45) researches and develops, manufactures, and sells a range of products in the health care field worldwide. Johnson & Johnson will report its Q2 earnings of 2021 before the bell today.

Knight-Swift Transportation Holdings Inc. (NYSE:KNX -- $48.07) provides truckload transportation services in the United States, Mexico, and Canada. Knight-Swift will report its Q2 earnings of 2021 before the bell today.

Lithia Motors Inc. (NYSE:LAD -- $48.07) operates as an automotive retailer in the United States. Lithia Motors will report its Q2 earnings of 2021 before the bell today.

M&T Bank Corp. (NYSE:MTB -- $135.04) operates as a bank holding company that provides commercial and retail banking services. M&T Bank will report its Q2 earnings of 2021 before the bell today.

MarketAxess Holdings Inc. (NASDAQ:MKTX -- $460.50) operates an electronic trading platform for institutional investor and broker-dealer firms worldwide. MarketAxess will report its Q2 earnings of 2021 before the bell today.

Nasdaq Inc. (NASDAQ:NDAQ -- $180.90) operates as a technology company that serves capital markets and other industries worldwide. Nasdaq will report its Q2 earnings of 2021 before the bell today.

Northern Trust Corp. (NASDAQ:NTRS -- $111.80) provides wealth management, asset servicing, asset management, and banking solutions for corporations, institutions, families, and individuals worldwide. Northern Trust will report its Q2 earnings of 2021 before the bell today.

Novartis AG (NYSE:NVS -- $90.24) researches, develops, manufactures, and markets healthcare products worldwide. Novartis AG will report its Q2 earnings of 2021 before the bell today.

NVR Inc. (NYSE:NVR -- $4,900.27) operates as a homebuilder in the United States. NVR will report its Q2 earnings of 2021 before the bell today.

Rogers Communications Inc. (NYSE:RCI -- $52.79) operates as a communications and media company in Canada. Rogers Communications will report its Q2 earnings of 2021 before the bell today.

SAP SE (NYSE:SAP -- $144.10) operates as an enterprise application software company worldwide. SAP will report its Q2 earnings of 2021 before the bell today.

Seagate Technology Holdings plc (NASDAQ:STX -- $85.49) provides data storage technology and solutions in Singapore, the United States, the Netherlands, and internationally. Seagate Technology will report its Q2 earnings of 2021 before the bell today.

Verizon Communications Inc. (NYSE:VZ -- $55.58) offers communications, technology, information, and entertainment products and services to consumers, businesses, and governmental entities worldwide. Verizon will report its Q2 earnings of 2021 before the bell today.

BancorpSouth Bank (NYSE:BXS -- $25.63) operates as a health benefits company in the United States. BancorpSouth will report its Q2 earnings of 2021 after the market closes today.

Cohen & Steers Quality Income Realty Fund Inc. (NYSE:RQI -- $15.98) is a closed-ended equity mutual fund launched by Cohen & Steers, Inc. Cohen & Steers will report its Q2 earnings of 2021 after the market closes today.

Crown Castle International Corp. (REIT) (NYSE:CCI -- $203.28) operates and leases more than 40,000 cell towers and approximately 80,000 route miles of fiber supporting small cells and fiber solutions across every major U.S. market. Crown Castle will report its Q2 earnings of 2021 after the market closes today.

CSX Corp. (NYSE:CSX -- $31.18) provides rail-based freight transportation services. CSX will report its Q2 earnings of 2021 after the market closes today.

Discover Financial Services (NYSE:DFS -- $121.28) operates as a digital banking and payment services company in the United States. Discover Financial Services will report its Q2 earnings of 2021 after the market closes today.

Equifax Inc. (NYSE:EFX -- $256.58) provides information solutions and human resources business process outsourcing services for businesses, governments, and consumers. Equifax will report its Q2 earnings of 2021 after the market closes today.

First Industrial Realty Trust Inc. (NYSE:FR -- $55.00) operates as a real-estate investment trust. First Industrial Realty will report its Q2 earnings of 2021 after the market closes today.

Globe Life Inc. (NYSE:GL -- $93.10) provides various life and supplemental health insurance products, and annuities to lower middle to middle income households in the United States. Globe Life will report its Q2 earnings of 2021 after the market closes today.

Graco Inc. (NYSE:GGG -- $77.03) manufactures, and markets systems and equipment used to move, measure, control, dispense, and spray fluid and powder materials worldwide. Graco will report its Q2 earnings of 2021 after the market closes today.

ICON Public Ltd. Co. (NASDAQ:ICLR -- $215.88) provides outsourced development and commercialization services in Ireland, rest of Europe, the United States, and internationally. ICON Public will report its Q2 earnings of 2021 after the market closes today.

Kaiser Aluminum Corp. (NASDAQ:KALU -- $113.52) manufactures and sells semi-fabricated specialty aluminum mill products. Kaiser Aluminum will report its Q2 earnings of 2021 after the market closes today.

Kinder Morgan Inc. (NYSE:KMI -- $17.47) operates as an energy infrastructure company in North America. Kinder Morgan will report its Q2 earnings of 2021 after the market closes today.

Landstar System Inc. (NASDAQ:LSTR -- $154.10) provides integrated transportation management solutions in the United States, Canada, Mexico, and internationally. Landstar System will report its Q2 earnings of 2021 after the market closes today.

Las Vegas Sands Corp. (NASDAQ:LVS -- $47.78) develops, owns, and operates integrated resorts in Asia and the United States. Las Vegas Sands will report its Q2 earnings of 2021 after the market closes today.

Moelis & Co. (NYSE:MC -- $54.89) operates as an investment banking advisory firm in the United States, Europe, and internationally. Moelis will report its Q2 earnings of 2021 after the market closes today.

NETGEAR Inc. (NASDAQ:NTGR -- $36.83) operates as a health benefits company in the United States. NETGEAR will report its Q2 earnings of 2021 after the market closes today.

OneMain Holdings Inc. (NYSE:OMF -- $59.55) engages in the consumer finance and insurance businesses. OneMain Holdings will report its Q2 earnings of 2021 after the market closes today.

Plexus Corp. (NASDAQ:PLXS -- $85.43) provides electronic manufacturing services in the Americas, Europe, the Middle East, Africa, and the Asia-Pacific. Plexus will report its Q2 earnings of 2021 after the market closes today.

Resources Connection Inc. (NASDAQ:RGP -- $13.63) provides consulting services to business customers under the Resources Global Professionals name in North America, Europe, and the Asia Pacific. Resources Connection will report its Q2 earnings of 2021 after the market closes today.

Rexford Industrial Realty Inc. (NYSE:REXR -- $60.23) operates as a health benefits company in the United States. Rexford Industrial Realty will report its Q2 earnings of 2021 after the market closes today.

RLI Corp. (NYSE:RLI -- $106.94) underwrites property and casualty insurance in the United States and internationally. RLI will report its Q2 earnings of 2021 after the market closes today.

SLM Corp. (NASDAQ:SLM -- $20.03) originates and services private education loans to students and their families to finance the cost of their education in the United States. SLM will report its Q2 earnings of 2021 after the market closes today.

SEI Investments Co. (NASDAQ:SEIC -- $61.96) is a publicly owned asset management holding company. SEI Investments will report its Q2 earnings of 2021 after the market closes today.

SL Green Realty Corp. (NYSE:SLG -- $77.16) operates as a health benefits company in the United States. SL Green Realty will report its Q2 earnings of 2021 after the market closes today.

Sterling Bancorp. (NYSE:STL -- $21.64) operates as the bank holding company for Sterling National Bank that provides various banking products and services to commercial, consumer, and municipal clients in the United States. Sterling Bancorp will report its Q2 earnings of 2021 after the market closes today.

TechnipFMC plc (NYSE:FTI -- $7.46) engages in the oil and gas projects, technologies, and systems and services businesses. TechnipFMC will report its Q2 earnings of 2021 after the market closes today.

Tenet Healthcare Corp. (NYSE:THC -- $70.52) operates as a diversified healthcare services company. Tenet Healthcare will report its Q2 earnings of 2021 after the market closes today.

Texas Capital Bancshares Inc. (NASDAQ:TCBI -- $60.39) operates as the bank holding company for Texas Capital Bank, National Association that provides various banking products and services for commercial businesses, and professionals and entrepreneurs. Texas Capital will report its Q2 earnings of 2021 after the market closes today.

Texas Instruments Inc. (NASDAQ:TXN -- $187.77) designs, manufactures, and sells semiconductors to electronics designers and manufacturers worldwide. Texas Instruments will report its Q2 earnings of 2021 after the market closes today.

UFP Industries Inc. (NASDAQ:UFPI -- $71.38) designs, manufactures, and markets wood and wood-alternative products in North America, Europe, Asia, and Australia. UFP Industries will report its Q2 earnings of 2021 after the market closes today.

Umpqua Holdings Corp. (NASDAQ:UMPQ -- $17.67) operates as the holding company of Umpqua Bank that provides commercial and retail banking, and retail brokerage services. Umpqua Holdings will report its Q2 earnings of 2021 after the market closes today.

Valmont Industries Inc. (NYSE:VMI -- $17.67) produces and sells fabricated metal products in the United States, Australia, Denmark, and internationally. Valmont will report its Q2 earnings of 2021 after the market closes today.

Whirlpool Corp. (NYSE:WHR -- $213.18) manufactures and markets home appliances and related products. Whirlpool will report its Q2 earnings of 2021 after the market closes today.

Looking ahead to tomorrow, things will pick back up on Thursday with initial and continuing jobless claims, existing home sales data, and the index of leading economic indicators.  

All economic dates listed here are tentative and subject to change.

This week will be a relatively quiet one in terms of economic data, though the National Association of Home Builders' (NAHB) index is due out. Investors will also have another round of jobs and house sales data to digest as the month of July progresses. Earnings season is starting to pick up steam, too, with several big names scheduled to release their quarterly reports, including American Express (AXP), Biogen (BIIB), Chipotle Mexican Grill (CMG), Coca-Cola (KO), Intel (INTC), Johnson & Johnson (JNJ), Netflix  (NFLX), Travelers (TRV), United Airlines (UAL), and Verizon (VZ). 

Today will bring the NAHB index. 

The following companies are slated to release quarterly earnings today, July 19:

AutoNation Inc. (NYSE:AN -- $102.60) operates as an automotive retailer in the United States. AutoNation will report its Q2 earnings of 2021 before the bell today.

Cal-Maine Foods Inc. (NASDAQ:CALM -- $36.18) produces, grades, packages, markets, and distributes shell eggs. Cal-Maine Foods will report its Q4 earnings of 2021 before the bell today.

Prologis Inc. (NYSE:PLD -- $127.28) is the global leader in logistics real estate with a focus on high-barrier, high-growth markets. Prologis will report its Q2 earnings of 2021 before the bell today.

Tractor Supply Co. (NASDAQ:TSCO -- $189.00) operates as a rural lifestyle retailer in the United States. Tractor Supply will report its Q2 earnings of 2021 before the bell today.

Crown Holdings Inc. (NYSE:CCK -- $103.80) designs, manufactures, and sells packaging products and equipment for consumer goods and industrial products in the Americas, Europe, and the Asia Pacific. Crown will report its Q2 earnings of 2021 after the market closes today.

Equity Lifestyle Properties Inc. (NYSE:ELS -- $80.10) is a self-administered, self-managed real estate investment trust. Equity Lifestyle Properties will report its Q2 earnings of 2021 after the market closes today.

F.N.B. Corp. (NYSE:FNB -- $11.41) provides a range of financial services primarily to consumers, corporations, governments, and small- to medium-sized businesses. F.N.B. will report its Q2 earnings of 2021 after the market closes today.

International Business Machines (IBM) Corp. (NYSE:IBM -- $138.90) provides integrated solutions and services worldwide. IBM will report its Q2 earnings of 2021 after the market closes today.

J.B. Hunt Transport Services Inc. (NASDAQ:JBHT -- $164.95) provides surface transportation and delivery services in North America. J.B. Hunt Transport will report its Q2 earnings of 2021 after the market closes today.

PPG Industries Inc. (NYSE:PPG -- $170.20) manufactures and distributes paints, coatings, and specialty materials worldwide. PPG Industries will report its Q2 earnings of 2021 after the market closes today.

Steel Dynamics Inc. (NASDAQ:STLD -- $59.88) operates as a steel producer and metal recycler in the United States. Steel Dynamics will report its Q2 earnings of 2021 after the market closes today.

Wintrust Financial Corp. (NASDAQ:WTFC -- $72.36) operates as a financial holding company. Wintrust Financial will report its Q2 earnings of 2021 after the market closes today.

Zions Bancorporation N.A. (NASDAQ:ZION -- $49.60) is a bank holding company, which engages in the provision of full banking and related services. Zions will report its Q2 earnings of 2021 after the market closes today.

Here is a quick look at how Friday's earnings reports compared to Wall Street's expectations:

Autoliv Inc. (NYSE:ALV -- $94.98) develops, manufactures, and supplies automotive safety systems to the automotive industry in Europe, the Americas, China, Japan, and rest of Asia. Autoliv reported $1.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.38 by $0.18. The firm earned $2.02 billion during the quarter, compared to the consensus estimate of $2.04 billion.

The Charles Schwab Corp. (NYSE:SCHW -- $70.55) provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services. Charles Schwab reported $0.70 earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by $0.01. The firm had revenue of $4.53 billion for the quarter, compared to the consensus estimate of $4.46 billion.

Telefonaktiebolaget LM Ericsson (NASDAQ:ERIC -- $13.25) provides communication infrastructure, services, and software solutions to the telecom and other sectors. Ericsson reported $0.12 earnings per share for the quarter, missing analysts' consensus estimates of $0.13 by $0.01. The business had revenue of $49.80 billion for the quarter, compared to analyst estimates of $53.40 billion.

First Horizon Corp. (NYSE:FHN -- $16.47) operates as a financial holding company, which engages in the provision of checking accounts, savings products, mortgage banking, lending, and financing to individuals and businesses. First Horizon reported $0.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.15.

Kansas City Southern (NYSE:KSU -- $269.32) provides domestic and international rail transportation services in North America. Kansas City Southern reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.15 by $0.09. The business had revenue of $749.50 million for the quarter, compared to the consensus estimate of $749.06 million.

State Street Corp. (NYSE:STT -- $81.97) provides a range of financial products and services to institutional investors worldwide. State Street reported $1.97 EPS for the quarter, topping analysts' consensus estimates of $1.78 by $0.19. The business earned $3.03 billion during the quarter, compared to analyst estimates of $2.95 billion.

Looking ahead to tomorrow, data on building permits and housing starts will be released 

All economic dates listed here are tentative and subject to change.

Another earnings season descended upon Wall Street this week, with bank stocks leading the charge. Despite a week packed full of key economic indicators and quarterly reports, though, stocks barely budged. The Dow Jones Industrial Average (DJI) did start out the week on a strong note, blasting towards a record close, joined by the S&P 500 index (SPX) and Nasdaq Composite (IXIC), as investors looked toward Federal Chair Jerome Powell's Capitol Hill testimony. The blue-chip index was reversing course by Tuesday, though, after a hotter-than-expected consumer price index (CPI) weighed on markets -- marking the CPI's fastest acceleration in almost 13 years. The S&P 500 and Nasdaq pulled back, too, but not before logging more record intraday highs. The S&P 500 notched yet another mid-session high on Wednesday, though stocks were relatively muted as investors eyed a downward trend in bond yields, and digested initial comments from Powell during his two-day testimony. 

Thursday marked another quiet day for stocks. Initial jobless claims touched a new pandemic-era low, falling in line with estimates, and Powell reiterated the inflation spike will likely be transitory, which drew some criticism. Markets continued to struggle for direction during Friday's session, amid spiking inflation fears and mixed earnings reports. At last check, all three indexes were firmly in the red, and eyeing losses for the week. 

Bank Earnings Kick Off Earnings Season

As is customary, major names from the financial sector kicked off another earnings season. It was a mixed bag for bank earnings this week, with many names pressured by a sharp decline in trading activity from last year's record levels. JPMorgan Chase (JMP) and Goldman Sachs (GS) were two sector heavyweights feeling the heat, slipping on Tuesday despite blowout earnings beats.

That didn't stop Morgan Stanley (MS) and Charles Schwab (SCHW) from rallying ahead of their respective quarterly reports, though the former had a muted post-earnings reaction. Meanwhile, Bank of America (BAC) also dipped after a revenue miss whipped up headwinds for the equity.

4 Fresh Stocks Primed for a Bounce

Several stocks looked ready to pop this week, based on technical data from Schaeffer's Senior Quantitative Analyst Rocky White. Specifically, these equities pulled back to key trendlines with historically bullish implications, meaning it might be worth keeping tabs on them this month. One blue-chip name in the mix is Salesforce.com (CRM), which pulled back to its 40-day moving average, while Ford Motor (F) and Zoom Video Communications (ZM) retreated to the same trendline. While not flashing a technical signal, Yeti (YETI) looks ready to jump higher as well, as it seems primed for a short squeeze or unwinding of pessimism in the options pits. 

High-Profile Earnings on Deck Next Week

Earnings season will kick into high gear next week, with plenty of high-profile reports for investors to digest, including results from American Express (AXP), Biogen (BIIB), Chipotle Mexican Grill (CMG), Coca-Cola (KO), Intel (INTC), Johnson & Johnson (JNJ), Netflix (NFLX), Travelers (TRV), United Airlines (UAL), and Verizon (VZ). Meanwhile, the economic calendar looks relatively bare, though the National Association of Home Builders' (NAHB) index is due out, as well as another round of jobs and house sales data.

In the meantime, check out our latest Monday Morning Outlook, in which Senior Market Strategist Matthew Timpane dives into whether or not the immediate-term stock market rally has really ended. Plus, Rocky White reveals 25 stocks with solid straddle returns. 

Welcome back to our weekly series, Schaeffer's Cannabis Stock News Update, where we recap what happened in the world of marijuana stocks and look ahead to how the cannabis industry continues to shape up in 2021.

Investor interest in the cannabis industry is growing at an explosive rate, and the leading players continue to break through legal barrier after legal barrier, especially in the United States. More than 40 U.S. states legalized recreational and/or medical marijuana by the end of 2020. Now, companies are starting to see the opportunity in cannabis cultivation, marketing, distribution, and technology.

Headset, the leading provider of data and analytics to the cannabis industry, released a quarterly update on its long-term forecasts for the U.S. and Canadian cannabis markets. In this report, the 2022 U.S. forecast is over $30 billion, mostly driven by multiple state's legalization of recreational marijuana. U.S. market growth is not anticipated to slow down in the near-term and Headset expects a higher year-over-year growth rate next year. Headset did not report much change in the original Canadian cannabis market forecast.

Here is a quick roundup of major (and action-worthy!) cannabis stock news this week:

Aurora Cannabis Inc (NASDAQ:ACB), one of the worldwide leaders in cannabis distribution based in Canada, announced the delivery of one of the largest ever single shipments of cannabis to Israel. The delivery, completed on July 15, was worth approximately $8 billion CAD. According to Aurora Cannabis' CEO, Miguel Martin, "We are excited about the evolution of the cannabis industry in Israel and commend the Ministry of Health and the Israeli Medical Cannabis Agency for ensuring thoughtful regulation of cannabis, in the best interest of Israeli cannabis patients. We look forward to continuing to provide high-quality cannabis to Israel, as part of our strategy to expand our medical cannabis portfolio in key international markets."

On July 15, High Tide Inc. (NASDAQ:HITI), a retail-focused cannabis company, along with Halo Collective Inc. confirmed the closing of Halo's purchase of KushBar retail cannabis assets from High Tide. Specifically, the sale of HITI's three KushBar retail cannabis locations to Halo's subsidiary, Halo KushBar, was completed for $5.7 million. HITI dropped approximately 7% on the news of the sale.

Proprietary enterprise resource planning (ERP) software technology, MJ Platform®, from Akerna (NASDAQ:KERN) released data that broke down Independence Day sales in the cannabis industry. Friday, July 2, was the second largest sales day for the cannabis industry this year, posting $89.6 million in retail sales. According to Akerna's Business Intelligence Architect, James Ahrendt, "the 4th of July weekend has historically been in the top 10 sales days of the year for cannabis, and this years' holiday weekend supported that trend. We correctly predicted that Friday, the start of the holiday weekend, would see the most traffic, which has been a trend for other holidays this year as well."

22nd Century Group Inc (NYSE:XXII), a plant-based biotech firm with a focus in hemp/cannabis research, announced a new strategic partnership agreement with Sawatch Agriculture and Folium Botanical on July 14. Through this new strategic partnership, XXII is able to provide year-round growing capabilities in conjunction with the pre-existing partnership between 22nd Century Group and Aurora Cannabis (ACB).

Organigram Holdings Inc (NASDAQ:OGI) released its fiscal third-quarter financial report on July 13, highlighting notable increases of 51% in gross revenue and 39% in net revenue. Gross revenue marked a 31% year-over-year increase while net revenue marked a 13% year-over-year increase.

SweetWater Brewing Company, a subsidiary of Tilray Inc (NASDAQ:TLRY), announced plans to open a full-service brewery in Colorado on July 12 as part of SweetWater's expansion plans across the U.S. The opening of this new brewery expands the availability of SweetWater products, including 420 spirits, in Colorado. With this latest expansion, SweetWater's portfolio of specialty beers will now become available in 34 U.S. states and Washington, D.C.

On July 15, Neptune Wellness Solutions Inc (NASDAQ:NEPT) announced its financial and operating results for its fiscal fourth quarter, and the full fiscal 2021 year which ended on March 31, 2021. Fiscal fourth-quarter revenue clocked in at $6.8 million compared to this time last year, when the company produced $9.5 million in revenue. Fiscal fourth-quarter gross profit clocked in at a loss of $24.8 million compared to the $1.1 million loss posted in the comparable quarter last year. 

KushCo Holdings, Inc. and Greenlane Holdings Inc (NASDAQ:GNLN) announced an all-stock merger agreement on July 15. The merger is expected to close in the third quarter by August 26, allowing both companies to cross-sell products and services to each respective customer base with anticipated overall growth between $15 to $20 million in cost saving synergies per year.