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*dates subject to change*
Earnings Reports (07/10/2023 – 07/14/2023)
Following Independence Day, markets showed signs of faltering as new economic data seems to point towards further rate increases throughout the year.
Some earnings highlights included Levi Strauss, narrowly beating Wall Street’s bottom-line estimate but posting lower full year guidance as they expect struggling wholesale demand from the consumer.
Americans were pleased to see record reports of employment across the private sector, with ADP private payrolls almost doubling expectations on Thursday. However, investors took this as a warning sign as the Fed may push rates higher to combat such hot sectors of the economy.
Overall, U.S. stocks have begun stuttering as they attempt to push further in their eight-month rally. Going forward, investors should monitor upcoming economic data like June’s CPI and PPI releases this week, as they will confirm or deny broader speculations from the Federal Reserve.
Here are the companies from this week’s expected earnings:
- PriceSmart – 07/10 (#psmt)
- PepsiCo – 07/13 (#pepsi)
- Delta Air Lines – 07/13 (#delta)
- Progressive – 07/13 (#progcorp)
- JPMorgan Chase – 07/14 (#jpm)
- Citigroup – 07/14 (#citi)
- Wells Fargo – 07/14 (#wells)
*Tip* Users can automatically add the listed companies above to their personal calendar, as well as any other of their favorite stocks!