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Earnings
The trade is also eager to see a wave of US corporate earnings. Needless to say, big tech Q2 results and outlooks for the quarters ahead will be one of the main highlights next week. Google-parent Alphabet and Microsoft report on Tuesday, Meta on Wednesday, and Amazon on Thursday.
Other key results will include Domino’s Pizza, NXP Semiconductors, Packaging Corp. of America, Ryanair, and Whirlpool on Monday; 3M, ADM, Albertsons, Chubb, Dow, General Electric, KimberlyClark, NextEra Energy, Nucor, Raytheon Technologies, Sherwin Williams, Snap, Texas Instruments, Verizon, and Visa on Tuesday; AT&T, Boeing, CME Group, Coca-Cola, eBay, Edwards Lifesciences, Old Dominion, O’Reilly Automotive, Thermo-Fisher Scientific, and Union Pacific on Wednesday; AbbVie, Boston Scientific, Bristol Myers Squibb, Carrier Global, Comcast, Deckers Outdoor, Ford, Hershey, Honeywell, Intel, KLA, Live Nation, Mastercard, McDonald’s, Northrop Grumman, Royal Caribbean, Southwest Airlines, Texas Roadhouse, Tractor Supply, and Valero on Thursday; and Astra Zeneca, Chevron, ColgatePalmolive, Exxon Mobil, Procter & Gamble, and T. Rowe Price on Friday.
Like I said, a ton of big earnings are scheduled to be released next week. The Fed is widely expected to announce a 25-basis point hike but investors are really more interested in the central bank’s outlook for future moves. Bottom line, next week is going to be jam packed full of market moving headlines.
Investors and traders that have made big returns this year seem happy to trim a little bit of length and to bank some profits.
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