More than 90 companies listed on the S&P 500 report their latest earnings this week. So far, 73 percent of blue-chip companies that have released second-quarter results beat analyst expectations, according to FactSet. Can they keep it up?
⚡️ Technology, media and telecom: IBM (Monday); Snap and Texas Instruments (Tuesday); Microsoft and Rogers Communications (Wednesday); AT&T, Intel and Twitter (Thursday); Verizon and Vodafone (Friday).
💰 Finance: Capital One and UBS (Tuesday); Nasdaq (Wednesday); Blackstone and Travelers (Thursday); American Express (Friday).
🥤 Food and beverages: Coca-Cola (Tuesday); Chipotle (Wednesday); Hershey and Unilever (Thursday).
💊 Pharma and health care: Novartis (Tuesday); Biogen and HCA (Wednesday).
✈️ 🚄🚗 Planes, trains and automobiles: Lockheed Martin and United Airlines (Tuesday), CSX and Tesla (Wednesday); American Airlines, Daimler, Hyundai, Southwest Airlines and Union Pacific (Thursday); Honeywell (Friday).
In other news …
🏛 The Senate Banking Committee votes on Tuesday to advance the nominations of Judy Shelton and Christopher Waller to the Federal Reserve’s Board of Governors. Since their hearings in February, the economists’ nominations have been held up because of qualms about Ms. Shelton’s unorthodox economic views.
👩🏭 The release on Thursday of data on weekly jobless claims will be noteworthy because it covers the survey period for the monthly jobs report. There are signs that the post-pandemic improvement in labor markets has stalled, with some states reporting a rise in claims in recent weeks.