The Week Ahead: Wall Street Anticipates Big Moves

Hey, New Yorkers, it’s one of those weeks where Wall Street’s buzzing. Besides the bustling taxi horns and the smell of street pretzels, all eyes are on financial updates and influential reports.

Big Banks, Tech, and Pharmaceuticals Kicking Off Earnings Season

This week, we dive into the Q2 earnings season. The heavyweights like JPMorgan Chase, Wells Fargo, and Goldman Sachs are about to spill the beans. Last quarter, some banks beat estimates, but let’s see how they fare now. Meanwhile, TSMC is ready to flaunt its AI-driven sales surge by 40%. Netflix? They’re up with their report after last quarter’s 12% sales bump.

Upcoming Reports Table:
| Company | Expected Report |
|—————-|—————–|
| JP Morgan Chase| Tuesday |
| Wells Fargo | Tuesday |
| TSMC | Thursday |
| Netflix | Thursday |

Investors Eye June Data on Inflation, Retail, and Housing

The CPI report, dropping Tuesday, will shed light on inflation. May’s numbers were cooler than expected at a 2.4% annual rise. So, we’re holding our breath to see if the Fed will tweak interest rates by month-end. Keep all of this in check as the retail sales data also hits this week. We could see shifts since May saw a dip, partly thanks to pre-tariff buying slowing down.

What’s Happening in the Markets

Stocks took a slight dip last week, not far from record highs. Bitcoin, on the other hand, was making headlines ahead of Crypto Week in D.C. Check out the latest on Dow Jones if you want the details.

Speaking of the market, don’t miss Thursday’s homebuilder confidence survey and Friday’s housing starts release. The housing market has been a wild ride, with inventory levels affecting prices and demand.

This Week’s Calendar

Here’s a peek at what’s coming up, so you don’t miss a beat:

Monday, July 14

• Key Earnings: Fastenal

Tuesday, July 15

• Consumer Price Index (June)
• Fed Talks: Dallas Fed President, Gov. Michelle Bowman
• Key Earnings: JPMorgan Chase, Wells Fargo, BlackRock

Wednesday, July 16

• Producer Price Index (June)
• Fed Speaker: New York Fed President John Williams
• Key Earnings: Johnson & Johnson, Bank of America

Thursday, July 17

• US Retail Sales (June)
• Key Earnings: TSMC, Netflix, GE Aerospace

Friday, July 18

• Housing Starts (June)
• Key Earnings: American Express, 3M

One More Thing

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That’s the buzz on Wall Street this week. Stay tuned and savvy, folks!