The second quarter of the revenue season starts on Tuesday, July 13. The first report will be JPMorgan Chase and Goldman Sachs, followed by PepsiCo (PEP), Alcoa, and (AA). The S&P 500 is expected to post a near-record 64% increase in second-quarter revenue. Industrial, materials, and consumer goods stocks are expected to be strong – sectors susceptible to a difficult economy but rapidly recovering. In addition, companies are expected to increase dividends with banks next week. Microsoft Inspire is the most significant partner event of the year for Microsoft, with a particular focus on cloud computing.
Accelerating business transformation with AI and data, which takes place throughout the week, will be a significant part of the week ahead (July 12-16) The Google Developer Summit is scheduled for July 12-13, Monday to Tuesday, Tuesday, while MongoDB is hosting MongoDB live from July 13 to 14th. Disney says the black widow is expected to earn $75 million domestically, though some people believe it could go as high as $80 million to $90 million. Some investors look beyond challenged Chinese companies like Alibaba and JD.com to names like Tencent (OTCPK: TCEHY), more accessible through ETFs to international investors. Support for retail investments still maintains Wall Street’s “meme stocks,” including AMC Entertainment (AMC) and GameStop (GME), as Wall Street struggles to react.
Virgin Galactic, McDonald’s Loyalty, and Metaverse Investments
US markets are only open for four business days after the Independence Day holiday. As a result, this is a quiet week for income and corporate events, although the IPO and SPAC markets should remain focused. McDonald’s first loyalty program launches on July 8, one of the most notable advances in the restaurant industry of the year. McDonald’s (MCD) is launching the company’s first loyalty program. Next week, Herman Miller (NASDAQ: MLHR) and John B. Sanfilippo (NYSE: JBSS) are scheduled to increase their dividends.
The recently released Roundhill Ball Metaverse ETF (NYSEARCA: META) could gain more attention by monitoring metaverse performance. Stay tuned for updates on Tier 8 truck orders, the latest Nielsen reports, and Costco’s June monthly sales report. Universal is scheduled to take place during the three-day US box office holiday. A recovering economy, supporting fiscal policies and relatively cheap actions make Europe an attractive investment destination. Interesting long-term bets are shares of European airlines, International Consolidated Airlines Group (OTCPK: ICAGY) and Ryanair Holdings (NASDAQ: RYAAY). Meanwhile, the economic boom benefited companies such as BAE Systems (BAESD), BNP Paribas (OTCQX: BNPQF) and Booking Holdings (BKNG)
Spotlight On Big Tech
The Judiciary of the US House Committee is ready to vote next week a package of antitrust proposals. In EPS, though headwinds in China could weigh on the company’s leadership.
Analysts predict that Kroger (KR) will increase its dividend payout to $0. Kroger Annual Interest Meetings This Week (KR).
CWith Walmart (WMT), Target (TGT), Home Depot (HD), Lowe’s (LOW) and Macy’s (M), the retail sector has all taken on transforming earnings from confessional earnings next week. Apple (NASDAQ: AAPL) switches to Epic Games defense mode. Ford (NYSE: F) organizes an event to showcase the F-150. Ford (F) hosts an all-electric F-150 Lightning event. Target (TGT) is the main focus before your earnings report.
Google’s three-day I/O Developers Conference (GOOG) can provide some insight into new products and services. JELD-WEN (NYSE: JELD) has the right to announce a $1.5 billion share buyback plan. A massive week of conferences comprises the Bank of America’s World Conference on Metals, Mining and Steel, the 16th Annual Needham Technology and Media Conference, and the Automotive, Industrial and Transportation Capital Markets Conference. Inflation is this week’s Barron’s cover story, which points to a 17% rise in home prices and misery for consumers, manufacturers, and food retailers.