The Week Ahead: Apple, Facebook Highlight Tech Earnings

Outside of the Federal Open Market Committee's (FOMC) policy decision, traders will digest earnings from Apple Inc. (AAPL) and Facebook Inc (FB)

Jul 21, 2016 at 9:59 AM
facebook X logo linkedin


Wall Street is in for a huge week in terms of economic reports, while the earnings calendar will heat up considerably. The Federal Open Market Committee's (FOMC) July meeting kicks off Tuesday, with the subsequent policy decision due out Wednesday afternoon. Plus, gross domestic product (GDP) data is due out Friday.

Throughout the week are a raft of major earnings announcements, with blue-chip stocks Apple Inc. (NASDAQ:AAPL), 3M Co (NYSE:MMM), and McDonald's Corporation (NYSE:MCD) helping to get the party started on Tuesday. Traders will also digest earnings from tech heavyweights Alphabet Inc (NASDAQ:GOOGL), Amazon.com, Inc. (NASDAQ:AMZN), and Facebook Inc (NASDAQ:FB), with oil stocks Chevron Corporation (NYSE:CVX) and Exxon Mobil Corporation (NYSE:XOM) rounding out the week. 

Below is a brief list of some key market events scheduled for the upcoming week. All earnings dates listed below are tentative and subject to change. Please check with each company's respective website for official reporting dates.

Monday, July 25

The Dallas Fed manufacturing survey leads off the economic data. Express Scripts (ESRX), Gilead Sciences (GILD), Kimberly-Clark (KMB), Las Vegas Sands (LVS), Philips (PHG), Sprint (S), and Texas Instruments (TXN) are scheduled to report earnings.   

Tuesday, July 26

The FOMC will begin its two-day meeting. Also on tap are the S&P/Case-Shiller home price index, new home sales, Markit's flash purchasing managers index (PMI), and the Conference Board's consumer confidence survey. 
 
Looking to earnings, MMM, AAPL, Caterpillar (CAT), DuPont (DD), MCD, United Technologies (UTX), Verizon (VZ)AK Steel (AKS), BP (BP), Buffalo Wild Wings (BWLD), Citrix Systems (CTXS), Edwards Lifesciences (EW), Eli Lilly (LLY), EXACT Sciences (EXAS), Freeport-McMoRan (FCX), Illumina (ILMN), JetBlue (JBLU), Juniper Networks (JNPR), Mobileye (MBLY), Panera Bread (PNRA), Reynolds American (RAI), Sirius XM (SIRI), Starwood Hotels (HOT), Twitter (TWTR), Under Armour (UA), and United States Steel (X) will all report.  

Wednesday, July 27

The Fed's policy decision will be released on Wednesday, as will durable goods orders, pending home sales, and weekly crude inventories.
 
Reporting earnings will be Boeing (BA), Coca-Cola (KO), Amgen (AMGN), Angie's List (ANGI), Anthem (ANTM), Barrick Gold (ABX)Cabot (CBT), Cheesecake Factory (CAKE), Cirrus Logic (CRUS), Comcast (CMCSA), Corning (GLW), Dr Pepper Snapple (DPS), FB, Fiat Chrysler (FCAU), Garmin (GRMN), GoPro (GPRO), Groupon (GRPN), Hilton Hotels (HLT), Lumber Liquidators (LL), Marriott (MAR), McKesson (MCK)Mondelez (MDLZ), Murphy Oil (MUR), Norfolk Southern (NSC), Northrop Grumman (NOC), O'Reilly Auto (ORLY), Six Flags (SIX), Southern (SO), Waste Management (WM), and Whole Foods (WFM)

Thursday, July 28

Weekly jobless claims and international trade data will be released on Thursday. 

GOOGL, AMZN, Aflac (AFL), AstraZeneca (AZN)Baidu (BIDU)Baker Hughes (BHI), Boston Scientific (BSX), Bristol-Myers Squibb (BMY), CBS (CBS), Celgene (CELG)Cliffs Natural Resources (CLF), Colgate-Palmolive (CL), ConocoPhillips (COP), Dow Chemical (DOW), Expedia (EXPE), Ford (F), GrubHub (GRUB), Harley-Davidson (HOG), Hershey (HSY), LendingTree (TREE), MasterCard (MA), Raytheon (RTN), Western Digital (WDC), World Wrestling Entertainment (WWE), and Yamana Gold (AUY) are all due up for earnings.


Friday, July 29

Advance second-quarter GDP data, the employment cost index (ECI), the Chicago PMI, and the Thomson Reuters/University of Michigan consumer sentiment index make up the economic calendar for Friday. San Francisco Fed President John Williams and Dallas Fed President Rob Kaplan are also set to speak. 

CVX, XOM, Merck (MRK), AbbVie (ABBV), Anheuser-Busch (BUD), LyondellBasell (LYB), Phillips 66 (PSX), Sony (SNE), Spirit Airlines (SAVE), United Parcel Service (UPS), and Xerox (XRX) are scheduled to reveal earnings. 

Sign up now for Schaeffer's Market Recap to get all the day's big stock movers, must-know technical  levels, and top economic stories straight to your inbox.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI