The spotlight next week will be on the second quarter earnings season, which will move into top gear amid scores of high-profile companies releasing ...
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| | Welcome to the Sunday edition of Wall Street Breakfast, which previews events for investors to watch during the upcoming week. If you want to receive this a day earlier, follow Stocks to Watch and select the option to receive email notifications. Top News  NNehring/iStock Unreleased via Getty Images The spotlight next week will be on the second quarter earnings season, which will move into top gear amid scores of high-profile companies releasing quarterly figures. Google-parent Alphabet (GOOG) (GOOGL) and Elon Musk's Tesla (TSLA) will probably grab the most eyeballs, and their numbers will also represent a big test for the "Magnificent 7" following a significant amount of rotation out of that heavyweight club since the last consumer inflation report.
Some of the other companies on the docket include soft drink behemoth Coca-Cola (KO) and car manufacturers General Motors (GM) and Ford (F).
The economic calendar for the week will be relatively light, with the focus on the latest personal income and outlays update for June. That report will contain a reading on the Federal Reserve's favorite inflation gauge - the core personal consumption expenditures price index.
Other notable events include the three-day Bitcoin 2024 Conference, which will feature an appearance by Republican presidential candidate Donald Trump, and the start of the Paris Olympics, with the opening ceremony of the iconic sporting event scheduled for Friday. | | Earnings Earnings spotlight: Monday, July 22 - Verizon Communications (VZ) and NXP Semiconductors (NXPI). See the full earnings calendar.
Earnings spotlight: Tuesday, July 23 - Alphabet (GOOG) (GOOGL), Tesla (TSLA), Visa (V), The Coca-Cola Company (KO), Texas Instruments (TXN), Philip Morris International (PM), United Parcel Service (UPS), Lockheed Martin (LMT), General Motors (GM), and Comcast (CMCSA). See the full earnings calendar.
Earnings spotlight: Wednesday, July 24 - International Business Machines (IBM), AT&T (T), Chipotle Mexican Grill (CMG), General Dynamics (GD), and Ford Motor (F). See the full earnings calendar.
Earnings spotlight: Thursday, July 25 - AbbVie (ABBV), Northrop Grumman (NOC), Union Pacific (UNP), and AstraZeneca (AZN). See the full earnings calendar.
Earnings spotlight: Friday, July 26 - Bristol Myers Squibb (BMY), Colgate-Palmolive (CL), and Charter Communications (CHTR). See the full earnings calendar. | | Data Volatility watch: Options trading volume is elevated again on GameStop ( GME) and Sirius XM ( SIRI). The most overbought stocks per their 14-day Relative Strength Index include The Bancorp ( TBBK), CrossFirst Bankshares ( CFB), and Emergent BioSolutions ( EBS). The most oversold stocks per their 14-day Relative Strength Index include Helen of Troy ( HELE), Five Below ( FIVE), and Oaktree Specialty Lending ( OCSL). Short interest has moved even higher in Beyond Meat ( BYND) and Kohl's ( KSS). | | IPOs IPO watch: E-sports organization NIP Group ( NIPG), digital finance software platform OneStream ( OS), clinical stage biopharma Actuate Therapeutics ( ACTU), occupational health services provider Concentra Group ( CON), and REIT Lineage ( LINE) are expected to price their IPOs and start trading in the week ahead. Companies whose IPO lockup periods will expire include mF International ( MFI), CG Oncology ( CGON), and BrightSpring Health Services ( BTSG). | | In Case You Missed It ... | | Seeking Alpha's Wall Street Breakfast Podcast Seeking Alpha's Wall Street Breakfast podcast brings you all the news you need to know for your market day. Released by 8:00 AM ET each morning, it is a quick listen that you can put on as you get ready to start your working day. | | | | |
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