Another Earnings Week Pushes Vaccine Stocks Into the Spotlight

The Fed will also share its latest interest rate decision on Wednesday

by Laura McCandless

Published on Jul 23, 2020 at 3:57 PM
Updated on Jul 27, 2020 at 10:58 AM

Next week will be fairly busy in terms of both earnings and economic data. A whole slew of blue-chip names will announce their quarterly reports, with 3M (MMM), Boeing (BA), and Pfizer (PFE) posting earlier in the week, and Caterpillar (CAT) and Chevron (CVX) entering the earnings confessional later on. Big Tech will be in focus too, with earnings from Facebook (FB) and Amazon (AMZN) on the docket.

Meanwhile, investors will comb over quarterly reports from two major names in terms of a potential coronavirus vaccine -- AstraZeneca (AZN) and Gilead (GILD) -- on Thursday. On the economic front, weekly jobless claims will, as usual, be in the spotlight, along with the second-quarter gross domestic product (GDP) reading. Plus, the Fed's latest interest rate decision will come out on Wednesday. 

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 27, will start the week out last month's durable goods orders and core capital goods orders, as well as earnings from Boeing and Hasbro (HAS). 

Tuesday, July 28, will bring the consumer confidence index and the Case-Shiller home price index. Meanwhile, 3M, McDonald's (MCD), Pfizer, Raytheon Technologies (RTX), Visa (V), Advanced Micro Devices (AMD), Harley-Davidson (HOG), and Starbucks (SBUX) will all step in to the earnings confessional.  

Pending home sales data are on the schedule for  Wednesday, July 29. Also moving markets on Wednesday will be the the Federal Open Market Committee's (FOMC) latest interest rate decision, with a press conference with Fed Chair Jerome Powell to follow. Anthem (ANTM), Facebook, General Electric (GE), Gilead, Spotify (SPOT), and Teladoc (TDOC) will throw their hats into the earnings ring.

On Thursday, July 30, investors will keep an eye on weekly jobless claims data. The the second-quarter GDP reading is also scheduled, while earnings from Amazon, AstraZeneca, Ford (F), MasterCard (MA), and United Parcel Service (UPS) are on tap. 

The employment cost index, the Markit manufacturing purchasing managers index (PMI), data on personal spending, new home sales, and the  University of Michigan's consumer sentiment index are lined up for Friday, July 31, while Chevron and Caterpillar join the earnings party.


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