The Week Ahead For July 19th to 23rd: Earnings, Earnings and More Earnings

by Geoff Garbacz | 07/19/2021 11:21 AM
The Week Ahead For July 19th to 23rd: Earnings, Earnings and More Earnings

The S&P 500, Dow Jones Industrial Average, Russell 2000 and NASDAQ 100 were all lower for the week.

1.Geopolitical and Fiscal Events. Thursday the European Central Bank is out with its latest monetary policy decision.

2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as NAHB Housing Market Index, Housing Starts, Existing Home Sales and Leading Indicators.

3.Earnings Releases. Notable releases this upcoming week include IBM PPG NFLX PM JNJ KO INTC ABT TSLA LMT.

Monday, July 19th

July NAHB Housing Market Index is due out at 10:00 a.m. EDT and is expected to rise to 82 from 81.

Tuesday, July 20th

June Housing Starts are due out at 8:30 a.m. EDT and came in last month at 1,572,000 and is expected to come in at 1,580,000.

Wednesday, July 21st

None of note.

Thursday, July 22nd

June Existing Home Sales is due out at 10:00 a.m. EDT and is expected to come in at 5.90 million from 5.8 million.

June Leading Indicators are due out at 10:00 a.m. EDT and is expected to fall to 0.9% from 1.3%.

The latest European Central Bank interest rate announcement is due out at 7:45 a.m. EDT with a press conference at 8:30 a.m. EDT.

Friday, July 23rd

None of note

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