Netflix and United Health will also report earnings
After a relatively quiet last couple of weeks, Wall Street action will heat up next week, as investors await key economic indicators in the midst of the coronavirus resurgence. The consumer side of the economy will be highlighted next week, with the Core Consumer Price Index (CPI) and retail sales data due out. As far as earnings go, banks will be at the forefront --as they are to start every earnings season -- with giants JP Morgan Chase (JPM), Bank of America (BAC), and Wells Fargo (WFC) leading things off. But it's not just financial names; blue chips Johnson & Johnson (JNJ), United Health (UNH), and FAANG name Netflix (NFLX) will also step into the earnings confessional later in the week.
Below is a brief list of some key market events and a few high-profile earnings releases scheduled for the upcoming week. All earnings and economic dates listed below are tentative and subject to change. Please check with each company's respective website
for official reporting dates.
Monday, July 13, will start out slow with the Federal Budget and earnings from PepsiCo (PEP).
Tuesday, July 14, will bring the Organization for Petroleum Exporting Countries (OPEC) monthly report, the consumer price index (CPI), and the Core CPI. The National Federation of Independent Business (NFIB) will also release its small business optimism survey. Meanwhile, earnings from Citigroup (C), Delta Air Lines (DAL), Fastenal (FAST), JP Morgan Chase, and Wells Fargo are on tap.
Wednesday, July 15, is packed with the import/export price index, the Empire State manufacturing index, and industrial production data. Goldman Sachs (GS), UnitedHealth (UNH), PNC (PNC), Progressive (PGR), and U.S. Bancorp (USB) will all enter the earnings confessional.
On Thursday, July 16, retail sales, core retail sales, the Philly Fed Index, and as always on investors' minds of late, initial jobless claims, are all scheduled. Bank of America, Domino's Pizza (DPZ), Honeywell (HON), Johnson & Johnson (JNJ), Morgan Stanley (MS), eBay (EBAY), NFLX, and Taiwan Semiconductor (TSM) will all throw their hats into the earnings ring.
Housing starts, building permits, and consumer sentiment data are lined up for Friday, July 17, while BlackRock (BLK) and Citizens Financial Group (CFG) will report earnings.