Tesla, Netflix earnings, GameStop stock split, existing home sales top week ahead

Investors are waiting for a slew of major corporate earnings this week along with fresh housing and manufacturing data.

A better-than-expected retail sales report helped energy stocks gain on Friday with the Dow Jones Industrial Average up 2.1%, the S&P adding 1.9% and the Nasdaq Composite jumping 1.8%. Despite the rally, all three indicators fell for the week after consumer and producer prices rose to new highs.

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Me: DJI Dow Jones averages 31288.26 +658.09 + 2.15%
SP500 Standard & Poor’s 500 3863.16 +72.78 + 1.92%
I: COMP Nasdaq Composite Index 11452.421129 +201.24 + 1.79%

FOX Business takes a look at upcoming events Likely to move the financial markets in the coming days.

Copper prices are plunging, another recession warning flashes

Monday 7/18

Earnings week from Bank of America, Charles Schwab, Goldman Sachs, Prology and Synchronie Financial will begin before the market opens. IBM will highlight earnings after the bell.

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buck Bank of America Corp. 32.25 +2.12 + 7.04%
SCHW Charles Squab Company. 62.18 +1.61 + 2.66%
p Goldman Sachs Group of Companies 293.87 +12.28 + 4.36%
PLD PROLOGIS INC. 121.01 +2.88 +2.44%
SYF financial synchronization 31.39 +1.41 + 4.70%
IBM International Business Machines Corporation. 139.92 +0.86 + 0.62%

As for economic data, investors will focus on the NAHB Housing Market Index.

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BA Boeing Company 147.74 +0.59 + 0.40%

Also on Tuesday, Boeing will display its latest versions of the 737 Max and 777X during the Farnborough International Air Show.

Tuesday 7/19

On Tuesday, Ally Financial, Citizens Financial Group, Halliburton, Hasbro, Johnson & Johnson, Lockheed Martin and ManpowerGroup will report quarterly earnings results before the market opens.

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ally ALLY FINANCIAL INC. 34.43 +1.29 +3.89%
CFG Citizens Financial Group Limited (Rhode Island) 36.80 +1.87 + 5.35%
something Halliburton Company 27.86 +0.52 + 1.90%
she has HASBRO INC. 79.21 -0.18 -0.23%
JNJ Johnson & Johnson 178.23 +2.55 + 1.45%
LMT Lockheed Martin Corporation. 398.38 -1.93 -0.48%
man MANPOWERGROUP INC. 76.48 +1.09 + 1.45%

Stocks to watch for earnings after the bell on Tuesday include Cal-Maine, Interactive Brokers, JB Hunt Transport and Netflix.

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calm CAL-MAINE FOODS INC. 53.03 -0.14 -0.26%
IBKR INTERACTIVE BROKERS GROUP INC. 54.81 +1.42 + 2.66%
JBHT JB HUNT TRANSPORT SERVICES INC. 167.58 +2.03 + 1.23%
NFLX NETFLIX INC. 189.11 +14.33 + 8.20%

On the economic data front, investors will take building permits and new homes.

Tuesday also marks the start of the two-day Goldman Sachs Small Business Summit, which will bring together more than 2,500 small business owners from across the country.

Speakers on Tuesday included former New York City president, co-founder and CEO of Bloomberg LP, Michael Bloomberg, Chairman and CEO of Berkshire Hathaway, Warren Buffett, CEO and founder of Goop, Gwyneth Paltrow, and Senators Ben Cardin, Kristen Sinema. , Tim Scott and Marco Rubio.

CITI HISTORIC 100-BASIS FED RATE HIKE AFTER INFLATION SHOCKER FORECAST

Wednesday 7/20

Earnings on Wednesday’s agenda include Abbott Labs, Biogen, M&T Bank and Nasdaq Inc. before the market opens.

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ABT ABBOTT Laboratories 108.82 +3.11 + 2.94%
Bahrain Islamic Bank Biogen Corporation 217.01 +2.74 + 1.28%
MTB M&T BANK CORP. 156.21 +5.64 + 3.75%
NDAQ NASDAQ INC. 157.07 +3.55 + 2.31%

Meanwhile, Alcoa, CSX, Equifax and Tesla will report quarterly earnings results after the bell.

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a ALCOA CORP. 43.06 +2.25 + 5.51%
CSX CSX CORP. 28.86 +0.68 +2.41%
EFX Equifax INC. 192.42 +3.00 + 1.58%
TSLA Tesla Corporation 720.20 +5.26 + 0.74%

Wednesday’s economic data will include existing home sales, weekly mortgage applications and the EIA’s weekly crude oil inventories.

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SWBI Smith & Wesson brands 13.15 +0.15 + 1.15%
RGR Storm Roger & Co. INC. 62.85 +0.37 + 0.59%

On Capitol Hill, CEOs Daniel Davis, Smith and Wesson and Roger Strom were called to testify before the House Oversight Committee at a hearing on the topic of gun violence. The House Workforce Protection Subcommittee will also hold a hearing on evaluating the impact of the H2 visa program on workers.

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Thursday 7/21

Thursday will be the busiest day for earnings, with American Airlines, AT&T, AutoNation, Blackstone, DR Horton, Danaher, Domino’s Pizza and United Airlines among the companies reporting before the market opens.

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AAL American Airlines Group 14.47 +0.22 + 1.54%
T AT&T INC. 20.57 +0.24 + 1.18%
AN AUTONATION INC. 114.46 +2.83 + 2.54%
BX Black stone 93.00 +3.37 + 3.76%
DHI Dr. Horton Inc. 73.46 +0.82 + 1.13%
DHR DANAHER CORP. 255.78 +7.72 + 3.11%
DPZ Domino’s Pizza INC. 406.60 +7.45 + 1.87%
UAL United Airlines Holdings 38.78 +0.93 +2.46%

Companies that will make a profit after the bell will include Boston Beer, Capital One Financial, Mattel, Snap and Tenet Healthcare.

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Toxic Boston Bear Inc. 321.93 +1.75 + 0.55%
COF Capital One Financial Corporation. 108.15 +4.70 + 4.54%
mat Mattel Corporation 21.63 -0.07 -0.32%
Explode, Explode SNAP INC. 13.65 +0.48 + 3.64%
THC Tenet Healthcare Corporation. 55.55 +2.12 + 3.97%

Investors will also digest the Conference Board’s index of leading economic indicators, the Philadelphia Fed Manufacturing Index and the Continuing and Initial Jobless Claims Index. The European Central Bank will also release its interest rate decision.

Friday 7/22

Closing the week for profits will be American Express, Cleveland Cleveland, HCA Healthcare, NextEra Energy, Region Financial, Roper Technologies, Schlumberger and Verizon before the market opens.

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AXP American Express Corporation. 142.48 +6.00 + 4.40%
CLF Cleveland Cleveland Company 14.99 +0.47 + 3.24%
HCA HCA HEALTHCARE INC. 171.61 +4.12 +2.46%
Ne Nextera Energy Company 78.71 -1.42 -1.77%
RF Financial Districts Corporation. 19.19 +0.95 + 5.21%
Royal Oman Police Robert Technologies Co 395.15 +7.01 + 1.81%
SLB SCHLUMBERGER NV 32.30 +0.97 + 3.10%
VZ Verizon Communications 51.02 +0.53 + 1.05%

GameStop shares will also trade for the first time after the video game retailer’s 4-for-1 stock split.

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GME GAMESTOP CORP. 141.64 +5.44 + 3.99%

Shareholders of record at close of business on July 18, 2022 will receive a dividend of three additional shares of GameStop’s Class A common stock for each share they own. Dividends will be distributed after the close of trading on July 21, 2022.

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