Tesla, Blue-Chips, and FAANG Earnings on Tap

While next week will be a relatively bare week in terms of economic data, earnings season will be revving up, and there's a little something for everyone on the earnings docket. There are airliners American (AAL) and United (UAL), as well as big blue-chip names American Express (AXP), Coca-Cola (KO), Microsoft (MSFT), and Verizon Communications (VZ). And if that's not enough, red-hot Tesla (TSLA), Amazon.com (AMZN), and a slew of social media and tech names will all step into the earnings ring mid- to late 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 20, will start out the week slow, with no economic data and earnings from Cal-Maine Foods (CALM), Haliburton (HAL), and IBM (IBM). 

Tuesday, July 21, will bring the Chicago Fed national activity index. Meanwhile, Capital One Financial (COF), KO, Lockheed Martin (LMT), Philip Morris (PM), Snap (SNAP), Teradyne (TER), Texas Instruments (TXN), and UAL will all step in to the earnings confessional.  

Data on existing home sales and weekly crude inventories is scheduled for Wednesday, July 22, while earnings from Microsoft, Biogen (BIIB), Chipotle Mexican Grill (CMG), Spirit Airlines (SAVE), Tesla (TSLA) and Whirlpool (WHR) are all on tap. 

On Thursday, July 23, investors will comb through initial jobless claims, an important indicator of late. American Airlines, AMZN, AT&T (T), Dow Inc (DOW), Fifth Third (FITB), Intel (INTC), Southwest Airlines (LUV), T-Mobile US (TMUS), and TWTR will all throw their hats into the earnings ring.  

The Markit manufacturing purchasing managers index (PMI), Markit services PMI, and new home sales are lined up for Friday, July 24, while blue-chips AXP and VZ are join the earnings party.