Another Big Earnings Week Ahead

After a monumental week of Big Tech earnings, we're in for more than a quarter of S&P 500 companies' reports, including those from Alibaba BABA, General Motors GM, and Kraft Heinz KHC. Economic reports are also due including updates on construction spending, factory orders, and durable goods orders, ending the week with the July employment report which could end up being a market mover if there is a surprise to the upside or downside to reset the thinking on interest rates.

Monday

The earnings week will be kicked off with reports from On Semiconductor ON, NXP Semi NXPI, Arista Networks ANET, Take-Two Interactive TTWO, and Mosaic MOS are expected to deliver their earnings reports.

Tuesday

On August 3rd, the star of the day is the Chinese e-commerce titan Alibaba BABA. Aside from concerns regarding the company's corporate governance which has brought on regulatory inquiries, there's increased concern that the company's rocky political standing in China can impede its future growth.

We're also in for a glimpse from the EV world with Nikola NKLA and Nio NIO on the earnings calendar. Despite its massive growth rate and commitment to become the next Tesla Inc TSLA, China's increased regulatory environment becomes a risk to Nio's future prospects.

We're also in from earnings reports from oil-giant BP BP, Phillips 66 PSX, Eli Lilly LLY, Marriott International MAR, Prudential PRU, Amgen AMGN, and Caesars Entertainment CZR.

Wednesday

On August 4th, the Detroit automaker General Motors GM is scheduled to report along with Kraft Heinz KHC, MetLife MET, Uber UBER, Fox Corporation FOX, Booking Holdings BKNG and Electronic Arts EA.

The streaming player Roku ROKU will show if it is capable of maintaining its growth rate that was only fueled by Netflix NFLX, as well as the debut of Apple's AAPL Apple TV+, Disney's DIS Disney+ platform and Time Warner's (TWX) HBO Max. After 80% revenue growth last quarter and its 132% profit growth, Roku needs to do its part to demonstrate it can keep going.

Thursday

On August 5th, the market is eagerly waiting for the report from Moderna MRNA whose stock has skyrocketed 231% year to date, followed by reports from CIGNA CI, Cardinal Health CAH, ViacomCBS (CBS), Duke Energy DUK, Corteva CTVA, Square SQ, FireEye FEYE, Wayfair W, Shake Shack SHAK, Dropbox DBX, and News Corp. NWSA.

Last but not least, Virgin Galactic's SPCE release comes at an interesting time as it recently achieved the major milestone by undertaking the first civil passenger flight to space.

Friday

Reports from Goodyear Tire & Rubber GT, Dominion Energy D, AMC Networks AMCX, and Magna International MGA will be closing the week, along with July's jobs report.

The IPO front

Expected public debuts on the NYSE and NASDAQ stock exchange include Better Being BBCO, European Wax Center EWCZ, Cadre CDRE, Weber WEBR, and WCG Clinical WCGC.

This article is not a press release and is contributed by a verified independent journalist for IAMNewswire. It should not be construed as investment advice at any time please read the full disclosure. IAM Newswire does not hold any position in the mentioned companies. Press Releases – If you are looking for full Press release distribution contact: press@iamnewswire.com Contributors – IAM Newswire accepts pitches. If you're interested in becoming an IAM journalist contact: contributors@iamnewswire.com

The post Another Big Week Ahead appeared first on IAM Newswire.

Image by Sergei Tokmakov Terms.Law from Pixabay