The major stock indexes closed the week with losses on Friday following a flurry of market-moving events. Earnings reports, new tariff policies, the Federal Reserve’s interest rate decision, and a lackluster July jobs report all contributed to the downward trend in the markets.
According to data from FactSet, we are currently two-thirds of the way through the second quarter reporting period, with 66% of S&P 500 companies having reported their results. As of August 1st, these companies are on track for a 10.3% earnings growth for the quarter. If this rate holds, it will mark the third consecutive quarter of double-digit earnings growth for the index.
Investors are eagerly awaiting the remaining third of companies to report their earnings next week. Some of the notable companies scheduled to release their results include AMD, Snap, McDonald’s, Disney, Uber, and Lyft.
Here is a look at the earnings calendar for the upcoming week:
– Monday: BioNTech, Hims & Hers, Palantir
– Tuesday: AMD, Amgen, BP, Caterpillar, Duke Energy, DuPont, Lemonade, Marathon Petroleum, Marriott, Opendoor, Pfizer, Rivian, Snap, Super Micro Computer, Toast
– Wednesday: Airbnb, Disney, DraftKings, Dutch Bros, e.l.f., Joby Aviation, Lyft, McDonald’s, Novavax, Occidental Petroleum, Shopify, Sunrun, Uber, Zillow Group
– Thursday: Atlassian, Block, Celsius Holdings, Crocs, Eli Lilly, Hertz, Instacart, Intuitive Machines, Papa John’s, Peloton, Pinterest, Rocket Lab, Texas Roadhouse, Sweetgreen, Warner Bros. Discovery, Wynn, Yeti
– Friday: Under Armour, fuboTV
As investors brace for another week of earnings reports, market volatility is expected to continue as companies reveal their financial performance for the quarter. Stay tuned for updates on how these earnings reports will impact the market in the coming days.
