What to expect in the week ahead (AAPL, AMZN, MSFT, GOOG, KO)

Moomoo Breakfast US wrote a column · Jul 24, 2022 21:07

What to expect in the week ahead (AAPL, AMZN, MSFT, GOOG, KO)

The Week Ahead in Focus

It will be a busy week on both the micro and macro fronts. Second-quarter earnings season ramps up, as more than 150 S&P 500 firms report, including Big Tech. The Federal Reserve's policy committee will announce an interest-rate decision on Wednesday afternoon, and economists will get a look at a bevy of new data.

The Federal Open Market Committee meets on Tuesday and Wednesday. The central bank is certain to raise its target interest rate -- the question is whether that be a 75 basis points or 100 basis points hike.

Economic data out this week will include the S&P CoreLogic Case-Shiller National Home Price Index for May and the Conference Board's Consumer Confidence Index for July, both on Tuesday. The Census Bureau releases the preliminary durable goods report for June on Wednesday, then the Bureau of Economic Analysis releases its preliminary estimate for second-quarter 2022 gross domestic product on Thursday and the BEA reports personal income and spending data for June on Friday.

Monday 7/25

$Whirlpool(WHR.US)$, $Vodafone(VOD.US)$, $Range Resources(RRC.US)$, $Newmont Corp(NGT.CA)$, $Nuveen Select Tax Free Income Portfolio(NXP.US)$, and $Royal Philips(PHG.US)$ release financial results.

Tuesday 7/26

$Visa(V.US)$ , $United Parcel Service(UPS.US)$, $Microsoft(MSFT.US)$, $KIMBERLY-CLARK DE MEXICO SAB DE CV ADR-REPR 5 ORD'A'NPV(KCDMY.US)$, $Mondelez International(MDLZ.US)$, $3M(MMM.US)$, $Chipotle Mexican Grill(CMG.US)$, $Moody's(MCO.US)$, $McDonald's(MCD.US)$, $Skechers USA(SKX.US)$, $Coca-Cola(KO.US)$ , $General Motors(GM.US)$, and $Alphabet-A(GOOGL.US)$ host earnings calls.

The S&P CoreLogic Case-Shiller National Home Price Index for May is released. The Conference Board releases its Consumer Confidence Index for July. Economists forecast a 97 reading, a drop from June's 98.7.

The Census Bureau reports new residential home sales data for June. Consensus estimate is for a seasonally adjusted annual rate of 664,000 new units, versus 696,000 in May.

Wednesday 7/27

The Federal Open Market Committee announces its monetary-policy decision. The central bank is expected to raise the federal-funds rate by 75 basis points.

$Meta Platforms(META.US)$ , $Bristol-Myers Squibb(BMY.US)$, $GlaxoSmithKline(GSK.US)$, $Boeing(BA.US)$, $Teladoc Health(TDOC.US)$, $Qualcomm(QCOM.US)$, $Ford Motor(F.US)$ , $Genuine Parts(GPC.US)$, $CME Group(CME.US)$, $General Dynamics(GD.US)$, $Etsy Inc(ETSY.US)$, $T-Mobile US(TMUS.US)$, $The Kraft Heinz(KHC.US)$, and $Spotify Technology(SPOT.US)$ report financial results.

The Census Bureau releases the preliminary durable goods report for June.

Thursday 7/28

$Apple(AAPL.US)$, $Amazon(AMZN.US)$, $SAMSUNG EL 144(SSNGY.US)$, $Harley-Davidson(HOG.US)$, $VOLKSWAGEN AG(VLKAF.US)$, $Tilray Brands(TLRY.US)$, $Roku Inc(ROKU.US)$, $Pfizer(PFE.US)$, $Merck & Co(MRK.US)$, $MasterCard(MA.US)$, $Southwest Airlines(LUV.US)$, and $Intel(INTC.US)$ report financial results.

The Bureau of Economic Analysis releases its preliminary estimate for second-quarter 2022 gross domestic product. The forecast is for a 0.3% rate of growth, after a 1.6% contraction in the first quarter.

Friday 7/29

$Weyerhaeuser Co(WY.US)$, $Phillips 66(PSX.US)$, $Procter & Gamble(PG.US)$, $Exxon Mobil(XOM.US)$, $Colgate-Palmolive(CL.US)$, $AbbVie(ABBV.US)$, $Chevron(CVX.US)$, and $Sony(SONY.US)$ discuss financial results.

The BEA reports personal income and spending data for June. Personal income is expected to rise 0.5% month over month, while spending is seen rising 1%. This compares with gains of 0.5% and 0.2%, respectively, in May.

The Federal Reserve reports the core personal-consumption expenditures price index for June.

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