Schaeffer's Top Stock Picks for '25

Bank Earnings Roll In as Trump Meets With Putin

BAC and BLK will kick off a busy week of financial earnings

Jul 12, 2018 at 3:41 PM
facebook X logo linkedin


Although we're smack in the middle of the dog days of summer, there's plenty of action to keep Wall Street on its toes next week. In addition to a highly anticipated summit between U.S. President Donald Trump and Russian President Vladimir Putin on Monday, Fed Chair Jerome Powell will head to Capitol Hill on Tuesday for his two-day congressional testimony. What's more, second-quarter earnings season starts to heat up, with another round of big banks and blue chips slated to report.

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.

It's going to be a busy start to the week, with retail sales, the Empire State manufacturing survey, and business inventories all due on Monday, July 16. Additionally, traders will be keeping a close eye on a meeting between U.S. President Donald Trump and Russian President Vladimir Putin.

Earnings from financial firms will continue to pour in, with Bank of America (BAC) and BlackRock (BLK) set to report. Netflix (NFLX) and J.B. Hunt (JBHT) will also unveil earnings.

On Tuesday, July 17, Wall Street will see updates on industrial production and the National Association of Home Builders (NAHB) housing market index, while Treasury International Capital (TIC) data will be released right at the market close. Fed Chair Jerome Powell will testify in front of the Senate Banking Committee.

Dow components Goldman Sachs (GS), Johnson & Johnson (JNJ), and UnitedHealth (UNH) will report earnings. ADTRAN (ADTN), Charles Schwab (SCHW), CSX (CSX), Kinder Morgan (KMI), Progressive (PGR), and United Continental (UAL) will step into the earnings confessional, as well.

In addition to housing starts, the weekly crude inventories update, and the Fed's Beige Book, Wednesday, July 18, will also mark Powell's second day of congressional testimony -- with the head of the central bank slated to speak before the House Financial Services Committee. American Express (AXP), IBM (IBM), Abbott Laboratories (ABT), Alcoa (AA), eBay (EBAY), Morgan Stanley (MS), Textron (TXT), and United Rentals (URI) will be in the earnings spotlight.

Weekly jobless claims and the Philadelphia Fed business outlook survey will be released on Thursday, July 19. Earnings from Microsoft (MSFT), Travelers (TRV), Bank of New York Mellon (BK), Capital One Financial (COF), Domino's Pizza (DPZ), E*TRADE Financial (ETFC), Fifth Third (FITB), Intuitive Surgical (ISRG), Nucor (NUE), Philip Morris (PM), Skechers (SKX), Skyworks Solutions (SWKS), and Union Pacific (UNP) are due.

The Baker-Hughes rig count is the lone economic report slated for Friday, July 20. Baker Hughes (BHGE), Cleveland-Cliffs (CLF), General Electric (GE), Honeywell (HON), Kansas City Southern (KSU), Schlumberger (SLB), Stanley Black & Decker (SWK), SunTrust Banks (STI), and VF Corp (VFC) will round out the week's earnings lineup.

 
 

You have the chance to join one of Bernie's most exclusive programs, complete access at HUGE savings!

As we prepare for a new administration to take the reins in Washington, the near-term market landscape is rife with uncertainty.

The Federal Reserve has already hinted at the turbulence ahead, lowering its interest rate outlook for 2025.

Meanwhile, breakthroughs in artificial intelligence (AI), quantum computing, and other transformative sectors have unlocked incredible profit potential.

But these opportunities are fleeting, and timing is everything. That's where Quick-Hit Trader comes in.

Quick-Hit Trader is designed for precision and speed, getting you in and out of the market in a flash. While other investors scramble to navigate volatile conditions, you'll have access to expertly curated trades that leverage these rapid shifts to deliver explosive profits in short order.

This is your chance to capitalize on the fast-moving market like never before. Are you ready to make your move?