What to Watch in the Day Ahead - Tuesday, July 23
The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMT
Two of the Magnificent Seven companies are releasing their quarterly results after markets close, as investors keenly watch the growth trajectory of these megacap stocks. Alphabet, the Google parent, is expected to report a 13% rise in second-quarter revenue, its fourth straight quarter of double-digit growth, with healthy demand for its cloud computing services. Investors will closely watch updates on the adoption of AI features unveiled at Google's recent developer conference and how much that has cost the company. Meanwhile, Tesla is expected to report a drop of about 1% in second-quarter revenue, even after it delivered more cars than market expectations. Investors will want to hear more on Tesla's pivot to self-driving technology and how that could once again set the company apart from other automakers and fuel the sort of rally in its stock that propelled it to a record high in 2021.
Coca-Cola is expected to post a fall in second-quarter revenue, mainly driven by consumers in the United States pulling back on its sodas, which got pricier in the last couple of years, even as demand in international markets such as Europe and Asia remains steady. Investors will look out for comments about consumer demand in the United States, new product launches and plans for the Paris Olympics slated to begin later this month.
Visa, the world's largest payments network, is expected to report a jump in second-quarter profit, driven by robust consumer spending.
General Motors' second-quarter earnings report is expected to outline whether strong vehicle pricing continues to offset struggles in China and with EVs. The automaker is expected to report a 7.7% drop in second-quarter net income.
On the economic tap, the National Association of Realtors are set to report existing home sales are likely to come in at 4 million units in June, compared with 4.11 million units in May.
Top executives from Bank of America, JPMorgan and Wells Fargo testify before the Senate Permanent Subcommittee on Investigations on how banks are managing fraud on their Zelle payments platform.
Comcast is expected to report a revenue fall in the second quarter, hurt by fewer net new phone subscriber additions.
Mattel is expected to post a rise in second-quarter revenue, in first signs that demand was beginning to recover for the toymaker. Investors will look for comments around consumer demand trends going into the back half of the year, retail inventory levels and any updates on the full-year forecasts.
HCA Healthcare is set to report its second-quarter results before markets open. The focus will be on changes to its annual forecast and comments by the largest U.S. for-profit hospital operator on patient admissions and demand for medical procedures.
Kimberly-Clark is expected to post a decline in second-quarter revenue, hurt by weaker demand for its high-priced personal care and household products. Investors will look for comments on pricing action, volumes, impact of cost-cutting efforts and annual forecasts.
Quest Diagnostics is reporting its second-quarter results and investors will look for color on the performance of the company's base business, excluding COVID-19, during the quarter and any changes to the laboratory operators' 2024 forecast.
U.S. natural gas producer EQT Corp is expected post a wider second-quarter adjusted loss as it grapples with lower commodity prices. Investors will look out for commentary on its pending acquisition of Equitran Midstream and updates on its planned asset sales.
Renewable energy firm Enphase is expected to report a drop in second-quarter profit after the markets close.
Real estate information provider CoStar Group is expected to post higher second-quarter revenue, likely to be helped by robust traffic on its global websites and growing sales of its homes.com memberships.
LIVECHAT-REUTERS GLOBAL MARKETS FORUM
Richard Madigan, chief investment officer at JPMorgan Private Bank, discusses his outlook on cross-asset markets, including what's next for the bull market in the United States amid all the election uncertainty, the Fed's rate path, and what sectors and geographical pockets look attractive from here. To join the conversation at 0900 /1300, email us here
Reporting by Ananya Roy; Editing by Shreya Biswas
Aset Terkait
Berita Terbaru
Pengungkapan: Entitas XM Group menyediakan layanan khusus eksekusi dan akses ke Fasilitas Trading Online kami, yang memungkinkan Anda untuk melihat dan/atau menggunakan konten yang tersedia pada atau melalui situs, yang tidak untuk mengubah atau memperluas, serta tidak mengubah atau memperluas hal tersebut. Akses dan penggunaan ini selalu sesuai dengan: (i) Syarat dan Ketentuan; (ii) Peringatan Risiko; dan (iii) Pengungkapan Penuh. Oleh karena itu, konten disediakan hanya sebagai informasi umum. Anda juga harus ketahui bahwa konten Fasilitas Trading Online kami bukan sebagai ajakan atau tawaran untuk untuk melakukan transaksi apa pun di pasar finansial. Trading di pasar finansial mana pun melibatkan tingkat risiko yang signifikan pada modal Anda.
Semua materi yang diterbitkan di Fasilitas Trading Online kami hanya untuk tujuan edukasi/informasi dan tidak boleh mengandung nasihat dan rekomendasi finansial, pajak investasi atau trading, catatan harga trading kami, penawaran, permintaan, transaksi dalam instrumen finansial apa pun atau promo finansial untuk Anda yang tidak diminta.
Konten pihak ketiga apa pun, serta konten yang disiapkan oleh XM, seperti opini, berita, riset, analisis, harga, informasi lain atau link ke situs pihak ketiga yang tersedia "sebagaimana adanya", sebagai komentar pasar umum dan bukan menjadi nasihat investasi. Sejauh konten apa pun ditafsirkan sebagai penelitian investasi, Anda harus memperhatikan dan menerima bahwa konten tersebut tidak dimaksudkan dan belum disiapkan sesuai dengan persyaratan hukum yang dirancang untuk mempromosikan kemandirian riset investasi dan dengan demikian akan dianggap sebagai komunikasi pemasaran di bawah hukum dan peraturan yang relevan. Mohon dipastikan bahwa Anda telah membaca dan memahami Notifikasi pada Riset Investasi Non-Independen dan Peringatan Risiko kami mengenai informasi di atas, yang dapat diakses disini.
