Coming Up: Services Sector Details and Earnings from Eli Lilly, Disney, Uber, Palantir, and More
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Important information
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After last week’s weaker-than-expected jobs report and worries about a sluggish economy, investors will get updates on the services sector, consumer credit conditions and more this week. .
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Several major pharmaceutical companies are set to report earnings, including Eli Lilly, Novo Nordisk, Amgen, and Gilead Sciences.
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Walt Disney, Palantir, Uber, and Airbnb are also among the companies scheduled to provide updates on their financial results.
After a weaker-than-expected jobs report rattled markets last week, and the manufacturing sector contracted more than expected last month, investors will be getting new information about the sector. services, consumer credit ratings and more this week.
Pharmaceutical companies may also be prominent, with earnings from Eli Lilly (LLY), Novo Nordisk (Private organizations), Amgen (AMGN), and Sciences of Gilead (GET OUT). Other companies willing to report include Walt Disney (DIS), Palantir Technologies (PLTR), Worm (CAT), Uber Technologies (UBER), and Airbnb (ABNB).
Monday, Aug. 5
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S&P Sector Services PMI (July)
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ISM Services (July)
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San Francisco Fed President Mary Daly comments
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CSX (CSX) and Palantir report earnings
Tuesday, Aug. 6
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US trade deficit (June)
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Amgen, Caterpillar, Uber Technologies, Airbnb, Super Micro Computer (SMCI), hey! Brands (YUM), and Reddit (RDDT) earnings report
Wednesday, Aug. 7
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Consumer Credit (June)
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Novo Nordisk, Walt Disney, Shopify (IN THE WEEK), and CVS Health (CVS) earnings report
Thursday, Aug. 8
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Store documents (June)
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Eli Lilly and Gilead Sciences report earnings
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Richmond Fed President Tom Barkin comments
Friday, Aug. 9
Services Department, Consumer Credit Reforms
The latest Service Managers Indexes (PMIs) will be released on Monday, showing an update on whether the sector is continuing to drive economic growth, after Last week’s report of a decline in manufacturing PMI contributed to the economy.
Consumer credit data due on Wednesday will show whether the public continues to increase debt on fuel consumption, while retail sales data on Thursday could tell how businesses are changing due to changes in sales forecasts.
On Monday, San Francisco Federal Reserve President Mary Daly will comment on monetary policy, which is scheduled to take place after markets close. Richmond Fed President Tom Barkin is also scheduled to speak on Thursday.
Rewards from Eli Lilly, Disney, Uber, and More
Earnings season is winding down, with more than 75% of the companies in the S&P 500 reporting results, though the week will still bring a few earnings reports that market watchers can expect.
On Monday, Palantir’s latest quarterly update could show whether the company can continue to drive growth with its artificial intelligence (AI) platforms.
Uber will report earnings on Tuesday, after the company reported a surprise first-quarter loss due to $700 million in changes to its investments.
Walt Disney will follow on Wednesday, and analysts expect the entertainment giant to turn a profit, after reporting growth in its experience segment and a surprise profit in its direct-to-consumer entertainment division last quarter.
Updates from pharmaceutical firms could highlight Thursday’s earnings reports, as Eli Lilly’s earnings could show whether it can continue to drive profits from its weight-loss drugs, while earnings from Gilead will come weeks after the company announced positive results in its HIV study. treatment.
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