Virgin Galactic, CPI, JPMorgan and Wells Fargo topped results next week – .

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Virgin Galactic, CPI, JPMorgan and Wells Fargo topped results next week – .


Inflation will remain the focus this week, with investors prepared to listen carefully to comments from New York Federal Reserve Chairman John Williams on Monday, as well as key inflation data throughout the week, such as the core CPI.

Big banks will also kick off earnings season, and space actions could be active after Richard Branson’s historic suborbital space flight.

Teleprinter security Last Changer Changer %
Me: DJI MEDIUM DOW JONES 34870.16 +448.23 +1,30 %
SP500 S&P 500 4369.55 +48.73 +1,13%
I: NCOMP n / A n / A n / A n / A

This given that the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite will all start the week at record highs.

FOX Business takes a look at upcoming events that are likely to move Financial markets in the coming days.

Monday 7/12

Investors will have the first chance to react to Virgin Galactic’s successful Unity 22 test mission as Richard Branson explodes into space.

Stocks and other space exchange traded funds will likely be active.

His historic mission has garnered praise from fellow billionaires, including Blue Origin founder Jeff Bezos, who is expected to follow at the end of the month.

HOW DID RICHARD BRANSON MAKE FORTUNE?

Teleprinter security Last Changer Changer %
SPCE HOLDINGS VIRGIN GALACTIC INC. 49.20 -3,49 -6,62%
UFO ETF PROCURE TRUST II ETF PROCURE SPACE 31.04 +0,56 +1,84 %
ARKX EXPLORATION AND INNOVATION OF THE ARK ETF TR AREA 20,90 +0.34 +1,65 %

China’s Didi, under fire from Chinese regulators, will also be in the spotlight as it is expected to be added to the S&P Dow Jones global stock indices.

Teleprinter security Last Changer Changer %
HAVE I GOT DIDI GLOBAL INC 12.03 +0.82 +7.31%

Federal Reserve Bank of New York President John Williams will also deliver a speech ahead of the “Inflation: Dynamics, Expectations and Targeting” virtual event hosted by the Bank of Israel and the Center for Economic and Policy Research.

Teleprinter security Last Changer Changer %
GOOGL ALPHABET, INC. 2 510,37 +9.49 +0.38%
MRS MORGAN STANLEY 90,33 +2,69 +3.07%

It will also be a big day for Google and Morgan Stanley as they begin to welcome more and more employees joining Wall Street companies JPMorgan and Goldman Sachs who have already ripped off the band-aid.

Teleprinter security Last Changer Changer %
F FORD MOTOR CO. 14,48 +0.42 +2.99%

Ford will also continue temporary shutdowns of several of its factories due to an ongoing chip shortage, which caused the automaker’s overall June sales to fall 26.9% year-on-year.

Subway will close half of its restaurants on Tuesday as it revamps its menu. (iStock) (iStock / iStock)

In food news, Subway will close half of its restaurants early to prepare for its revamped menu on Tuesday, which will feature more than 20 menu updates, including “11 new and improved ingredients, six brand new or returning sandwiches, and four sandwiches.” signature reworked. . ”

The chain is also celebrating the revamped menu by offering a total of 1 million free six-inch Turkey Cali Fresh subs on July 13. Participating restaurants will only give away 50 free submarines each, between 10:00 a.m. and 12:00 p.m. local hour.

Mardi 13/7

Results will kick off Tuesday morning with big names like Conagra Brands, Fastenal, First Republic Bank, Goldman Sachs, JPMorgan Chase, PepsiCo.

Teleprinter security Last Changer Changer %
CAG MARQUES CONAGRA, INC. 36.12 +0.03 +0,08%
QUICKLY FASTENAL CO. 53,84 +0.84 +1,58 %
FRC BANK OF THE FIRST REPUBLIC (SAN FRANCISCO, CALIFORNIA) 194,49 +8.04 +4.31%
SG THE GOLDMAN SACHS GROUP, INC. 371.76 +12,82 +3,57%
JPM JPMORGAN CHASE & CO. 155.77 +4.83 +3.20 %
DYNAMISM PEPSICO, INC. 149,48 -0,38 -0,25%

Tuesday will also be a key day for economic data with the National Federation of Independent Businesses optimism index, consumer price index, core CPI and federal budget deficit for June all on the agenda. .

Teleprinter security Last Changer Changer %
DELL DELL TECHNOLOGIES, INC. 100,25 +1,25 +1,26 %
PIG HARLEY-DAVIDSON, INC. 45,53 +1,21 +2,73%
they or they AMERICAS TECHNOLOGY ACQUISITION CORP. 10.02 +0.06 +0.60%

Other notable events to watch include Dell’s conference call on its Environmental, Social and Governance (ESG) strategy, Harley-Davidson’s unveiling of a new bike for its sport segment, and the United Steelworkers vote on a draft contract with Allegheny Technologies. end a workers’ strike that began on March 30.

Teleprinter security Last Changer Changer %
MCD CORP. 235,68 +2,84 +1,22%

Tuesday also marks National Fry Day and the launch of the MyMcDonald’s Rewards program. As part of the celebration, McDonald’s will be giving away free fries to customers who sign up for its loyalty program and place orders through the fast food chain’s app. It will also launch a world-famous fan contest, awarding sixty-six McDonald’s fans one million MyMcDonald’s Rewards points. A lucky fan will also walk away with free fries for life.

Wednesday 7/14

The big banks will focus on earnings on Wednesday with Bank of America, BlackRock, Citigroup, PNC Financial Services and Wells Fargo all set to report. Delta Airlines is also expected to release its latest quarterly results.

Teleprinter security Last Changer Changer %
BAC BANK OF AMERICA CORP. 40.04 +1,26 +3.25 %
NOIR BLACKROCK, INC. 901.31 +24,81 +2,83 %
C CITIGROUP, INC. 68.45 +1,72 +2,58%
PNC THE PNC FINANCIAL SERVICES GROUP, INC. 189,67 +6.44 +3,51%
WFC WELLS FARGO & CO. 43,91 +1.59 +3,76%
OF DELTA AIRLINES, INC. 42,92 +0.85 +2,02 %

Economic data on the board for Wednesday includes the Producer Price Index, the Beige Book, weekly mortgage applications and weekly crude inventories from the Energy Information Administration.

President Biden will also meet with a bipartisan group of governors and mayors to discuss the importance of critical infrastructure investments nationwide.

Thursday 7/15

Bank profits will continue to roll on Thursday with the publication of Bank of New York Mellon, Morgan Stanley and US Bancorp before the market opens. Investors will also hear from Cintas, Progressive and UnitedHealth Group.

Teleprinter security Last Changer Changer %
BK NEW YORK BANK MELLON CORP. 49,93 +1.59 +3.29%
MRS MORGAN STANLEY 90,33 +2,69 +3.07%
USB AMERICAN BANCORP 56,97 +1,93 +3,51%
CTAS BANDS CORP. 388,32 +1,52 +0.39%
RPG CORP. PROGRESSIVE 99,63 +1.14 +1,16%
UNH UNITEDHEALTH GROUP, INC. 412.11 +2,16 +0,53%

After the bell, the profits of Alcoa, American Outdoors Brands and People’s United Financial will be the focus.

Teleprinter security Last Changer Changer %
AA ALCOA CORP. 37,44 +2.08 +5.88%
AUGUST AMERICAN OUTDOOR BRANDS INC. 33,79 +1.15 +3,52%
PBCT UNITED END OF THE PEOPLE. INC. 16,70 +0.60 +3,73%

Thursday will also offer a wealth of economic data, including initial and continuing jobless claims, industrial production, Philadelphia Fed manufacturing, Empire State manufacturing, and import price indexes.

Meanwhile, President Biden will welcome German Chancellor Angela Merkel to the White House, where the leaders “will affirm the deep bilateral ties between the United States and Germany.”

The leaders will discuss their commitment to cooperate closely on a range of common challenges, including ending the COVID-19 pandemic, tackling the threat of climate change, and promoting economic prosperity and international security on the basis of our common democratic values, ”said the White House. Secretary Jen Psaki said in a statement.

IRS building signage (iStock)

It will also be a big day for more than 36 million families, who this week will receive letters from the IRS with the first down payment for the child tax credit. The payment will be up to $ 300 per month for each eligible child under 6 and up to $ 250 per month for each eligible child aged 6 to 17. Payments will be issued by direct deposit or by check.

CHILD IMPT CREDIT: WHO QUALIFIES?

Teleprinter security Last Changer Changer %
M MACY’S, INC. 18,67 +1.20 +6.87%

In addition, Macy’s will host a national recruiting event in 500 stores.

Friday 7/16

To wrap up the week, Charles Schwab, Kansas City Southern, State Street earnings before the market opens as well as retail sales, the University of Michigan Consumer Confidence Index, business stocks.

Teleprinter security Last Changer Changer %
SCHW LA CORP. CHARLES SCHWAB. 70,55 +2.61 +3,84%

In the world of politics, former Vice President Mike Pence will speak in Des Moines, Iowa, at the Family Leadership Summit. Friday also marks the deadline for people running in the California governor’s recall election to submit their candidacy. The recall election is officially set for September 14.

The Chicago Auto Show will also begin Friday and run through July 19. On Thursday, members of the media will participate in a preview of the event, with presentations from Ford, Jeep, Kia, Lexus, Nissan, Ram, Toyota and Volkswagen.

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