9 Minute Read

Tackle Today: Earnings Season Underway

July 13, 2020

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Morning Investor!

While there undoubtedly will be news surrounding a wide range of subjects, earnings season is going to be front and center this week. This is perhaps one of the most widely anticipated earnings seasons ever. While the storylines will change and evolve over the next few weeks it is kicking off on earnest this week. Here are some of the notable earnings and storylines heading into the week:

Notable Earnings This Week

  • Monday: PepsiCo (PEP)  
  • Tuesday: Citigroup (C), Delta Air Lines (DAL), Fastenal (FAST), JPMorgan Chase (JPM) and Wells Fargo (WFC)
  • Wednesday: Goldman Sachs (GS), U.S. Bancorp (USB), United Health Group (UNH) and Alcoa (AA)
  • Thursday: Abbott Labs (ABT), Charles Schwab (SCHW), Taiwan Semiconductor (TSM), Domino’s Pizza (DPZ), Johnson & Johnson (JNJ), Bank of America (BAC), Morgan Stanley (MS) and Netflix (NFLX)
  • Friday: Ally Financial (ALLY), Kansas City Southern (KSU), and BlackRock (BLK)  

Earnings Big Themes:

  • Q2 profits are expected to be down 44% for S&P companies. Where will it come in regarding those lowered expectations?
  • Will full year guidance start up again after most companies stopped publishing it last quarter?
  • Almost every company got a pass last quarter no matter how terrible their earnings were. There were almost no huge gaps or moves to the downside after earnings. Will that pattern continue, or will there be more price movement following individual earnings reports?

Naturally we will be analyzing and reporting on all the earnings news this week on the Trader’s Lounge, Halftime Report, Trading Justice podcast and our nightly shows. Have a wonderful start to your week and email us if there is anything we can do to make your week better.


Chart of the Day

S&P 500

Futures are up again to start the week as the bulls remain in control. Earnings will be front and center this week and will certainly play a role in price action in the coming days. 


Video of the day

Straight Talk

Always informative and providing information you can’t get anywhere else, another episode of Straight Talk was released this weekend. 


Today’s line up

Traders Lounge 11 AM EST

Join the coaches in this live lounge, ask questions, discuss ideas or just sit back and listen to veteran traders discuss market conditions.

Halftime Report 12:30 PM EST

The Halftime Report starts at 12:30 EST and covers what news is driving the market, chart analysis from the movers and shakers of the day and fun in a way that only Matt and Tim can deliver.

Weekend Reports

Watch the Stock, Options, Commodity and Forex Reports to help yo prepare for the week.


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