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Profit, profit, GDP Q2 – What do you know during the week?



This week, the focus will be on revenue and second quarter GDP data to be released at the end of the week.

So far, more than 20% of S & P 500's market coverage has reported second-quarter results. "Revenue by 6.8%, with 75% of companies exceeding their bottom line estimates, compares to 5.5% and 71% over the last 3 years, according to Credit Suisse Strategist Jonathon Golub.

That's the busiest week of second quarter earnings, with about 25% of the S&P 500 shift to release results, Tech heavyweights Alphabet, Amazon, Facebook, Twitter, Snap and Tesla will drop their reports, as well as Dow components AT & T , Boeing, Caterpillar, 3M, Visa, McDonald and Coca-Cola.

Meanwhile, many expect the growth to have slowed when important GDP data was released on Friday, given that GDP data is likely to play a crucial role for the Fed, As it appears to potentially cut rates, the high expected FOMC policy meeting is at the end of the month, economists expect the US economy to grow to 1.8% year-on-year in the second quarter, down from 3.1% growth in first quarter, according to data prepared by Bloomberg.

"We f next week's second-quarter learning rate The quarter-on-quarter GDP growth slowed to just 1.6% annually, from 3.1% in the first, boosting expectations that the Fed will cut interest rates at the FOMC meeting a week later, Capital Economics wrote in a note to clients Friday. "Despite the central bank's data-dependent mantra, Fed officials have continued to suggest that interest rates will come later this month, although incoming data has generally been more positive."

Although Nomura also sees a bit of deceleration in GDP growth, economist Lewis Alexander tracked a 2.1% growth rate for the second quarter. "Better underlying momentum than we had expected a few months ago. Personal consumption growth has probably driven a lot of growth in Q2, probably resumed at 3.8% qoq sore after a slight 0.9% gain in Q1. reading should be in line with stronger spending on core elements in recent months, "he wrote on a Friday note.

Fed officials will not make any public comments as the next meeting approaches; However, recent comments from several decision makers have anything but guaranteed a rate cut. The Fed Fund's futures currently predict a 77% chance of a 25 basis point cut and a 22% chance of a 50 basis point cut at the upcoming meeting.

In Washington, Robert Mueller, a former special council, will take the hot seat in Capitol Hill. Market watchers are likely to be closely monitored their testimony in front of both the Court of Justice and the House Intelligence Committees on Wednesday.

"That testimony will probably not include any earthquake revelations, but it is surely worsening the already hostile relations between President Donald Trump and House Democrats," according to Capital Economics.

World Calendar

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<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type = ] Biogen ( BIIB ), Centene ( CNC ), Coca-Cola, Harbro-Davidson ( HOG ), Hasbro ( HAS ), JetBlue ( JBLU ), Kimberly-Clark ( KMB ), Lockheed Martin ( LMT ), PulteGroup ( PHM ), Sherwin-Williams ( SHW ), United Technologies ( UTX [1 9459027]) before the market is open, Chipotle ( CMG ), Discover Financial ( DFS ), Snap ( SNAP ), Texas Instruments ( TXN ), Visa ( V ) By Market Close "Data Reaction =" 37 "> Tuesday: AutoNation (AN), Biogen (BIIB), Centene (CNC) Coca Cola (KO), Harley-Davidson (HOG), Hasbro (HAS), JetBlue (JBLU), Kimberly-Clark (KMB), Lockheed Martin (LMT), PulteGroup (PHM), Sherwin-Williams (SHW), United Technologies ( UTX) Chipotle (CMG), Discover Financial (DFS), Snap (SNAP), Texas Instruments (TXN), Visa (V) by market theme

<p class = "canvas text Journal: Anthem ( ANTM ), AT & T (19459027)), Boeing ( BA ), Caterpillar ( CAT ), Freeport-McMoran ( FCX ), Norfolk Southern ( NSC Northrop Grumman ( NOC ), UPS ( UPS ), VF Corp ( VFC ) before the market opened; Deutsche Bank DB ), Facebook ( FB ), Ford ( F ), GlaxoSmithKline ( GSK ), Las Vegas Sands ( LVS ), Reilly OLRY ), PayPal ( PYPL ), Spirit Airlines ( SAVE ), Tesla () TSLA ), Xilinx ( XLNX ) by the market's near "Data Anthem (ANTM), AT & T (T), Boeing (BA), Caterpillar (CAT), Freeport-McMoran (FCX) , Norfolk Southern (NSC), Northrop Grumman NOC), UPS (UPS), VF Corp (VFC) before the market open; Deutsche Bank (DB), Facebook (FB), Ford (F), GlaxoSmithKline (GSK), Las Vegas Sands (LVS), Reilly (OLRY), PayPal (PYPL), Spirit Airlines (SAVE), Tesla (TSLA), Xilinx (XLNX) by market proximity

<p class = "canvas -can text text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type = Astrazeneca ( AZN ), Anheuser-Busch I nBev ( BUD ), Bristol-Myers Squibb ( BMY ), Comcast ( CMCSA ), Hershey ( HSY ), Raytheon ([RTN), Southwest Airlines LUV ), World Wrestling Entertainment ( WWE ) before the market is open; Alaska Air (19459076] ALK ), Alphabet ( GOOGL ), Amazon ), BJ & # 39; s Restaurants ( BJRI ), Boston Beer ( ] SAM ), Expedia ( EXPE ), Mattel ( ), MGM Resorts ( MGM ), Starbucks ( SBUX ) after the market closed "data response time =" 43 "> Thursday: 3M (MMM), Anheuser-Busch InBev (BUD), Astrazeneca (AZN), Bristol-Myers Squibb (BMY), Comcast (CMCSA), Hershey ( HSY), Raytheon (RTN), Southwest Airlines (LUV), World Wrestling Entertainment market open: Alaska (ALK), Alphabet (GOOGL), Amazon (AMZN), BJ's Restaurants (BJRI), Boston Beer (SAM) , Expedia (EXPE), Mattel (MAT), MGM Resorts close

<p class = "canvas-atomic text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Friday: ] McDonald's ( MCD ), Twitter ( TWTR ) before the market is open ent. ), ), Colgate-Palmolive Economic calendar

<19459030] AbbVie (ABBV), Colgate-Palmolive (CL), McDonald's (MCD), Twitter (TWTR) p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Monday: Chicago Fed National Activity Index, June ( 0.10 expected, -0.05 earlier) "data response time =" 46 "> Monday: Chicago Fed National Activity Index, June (0.10 expected -0.05 earlier)

< p class = "can-canv as-text Mb (1.0em) Mb (0) – sm mt (0.8em) – sm" type = "text" content = " Tuesday: FHFA House Price Index month for month, May (0.3% expected, 0.4% earlier); Richmond Fed Manufacturing Index, July (5 expected, 5 earlier); Existing home sales, June (5.34 million expected, 5.34 million earlier) " data-response time = "47"> Tuesday: FHFA House Price Index month-to-month, May (0.3% expected, 0.4% earlier), Richmond Fed Manufacturing Index, July (5 expected, 5 earlier); Existing home sales, June (5.34 million expected, 5.34 million earlier)

<p class = "canvas text (0) – sm Mt (0.8em) – sm" type = "text" content = " Wednesday: MBA Mortgage Applications, week ended July 19 (-1.1% earlier); Markit US Manufacturing PMI, July (51.0 expected, 50.6 earlier); Markit US Services PMI, July (51.8 expected, 51.5 earlier); Markit US Composite PMI, July (51.5 previously); New Home Sales, June (658 000 expected, 626 000 previously) "data response =" 48 "> Wednesday: MBA Mortgage Applications, week ended July 19 (-1.1% earlier); Markit US Manufacturing PMI, July (51.0 expected, 50.6 earlier), Markit US Services PMI, July (51.8 expected, 51.5 earlier), Markit US Composite PMI, July (51.5 previously), New home sales, June (658,000 expected, 626,000 previously)

<p class = "canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Thursday: Wholesale inventory month-on-month, June (0.4% expected, 0.4% earlier); Lasting order orders, June (0.7% expected, -1.3% earlier) ; Lasting goods orders excluding transport, June (0.2% expected, 0.4% earlier); Initial jobless claims, weekend ended July 20 (217,000 expected, 216,000 previously); Continued claims, week ended July 13 (1,686 million earlier); Bloomberg Consumer Comfort, week ended July 21 (64.7 earlier) "data-response time =" 49 "> Thursday: Wholesale trade in the month of June, June (0.4% expected, 0, 4% earlier); Orders, June (0.7% expected, -1.3% earlier); Durable goods orders excluding transport, June (0.2% expected, 0.4% earlier); Initial unemployed claims, weekend ended July 20 (217,000 expected, 216,000 earlier); Continued claims, week ended July 13 (1,686 million previously), Bloomberg Consumer Comfort, the week ended July 21 (64.7 previously)

<p class = "canvas-textile-textile Mb (1.0em) Mb (0) 0.8 em) – sm "type =" text "content =" Friday: GDP, Q2 (1.8% expected, 3.1% earlier); Personal consumption, Q2 (4.0% expected, 0 , 9% earlier); GDP price index, Q2 (1.9% expected, 0.9% earlier); Core PCE quarter in quarter, Q2 (2.0% expected, 1.2% earlier) "data reactid = "50"> Friday: GDP, Q2 (1.8% expected, 3.1% earlier); Personal consumption, Q2 (4.0% expected, 0.9% earlier), GDP price index, Q2 (1.9% expected, 0.9% earlier); Core PCE quarter in quarter, Q2 (2.0% expected, 1.2% earlier)

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<p class =" canvas-atom lerrettekst Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung [19659022 "data-response time =" 52 "> Heidi Chung is a reporter at Yahoo Finance. Follow her on Twitter: @heidi_chung .

<p class = "canvas text 0) – sm Mt (0.8em) – sm" type = "text" content = " More from Heidi: " data-reactid = " 53 "> More from Heidi:

] <p class =" canvas-atom canvas-text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content = " Read latest finance and business news from Yahoo Finance " data-reactid = "58"> Read the latest economic and business news from Yahoo Finance

<p class = "canvas-textile text Mb (1.0em) Mb 0) – sm Mt (0.8em) – sm "type =" text "content =" Follow Yahoo Finance on Twitter Facebook Instagram [19659037] Flipboard LinkedIn and

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