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- 👉 The Investing Week Ahead: 7/17/23
👉 The Investing Week Ahead: 7/17/23
Only 7 months to hit 4 million Teslas...
Happy Monday.
Before we dive in — quickly drop your email address here to sign-up for tomorrow’s free webinar with the legendary Katie Stockton!
In case you forgot, Katie is the Founder of Fairlead Strategies — an incredible research firm and investment advisor. Her Substack newsletter — the Fairlead Strategies Idea Generator — is a must read each and every week!
Given Katie’s expertise in technical analysis (TA) — she’ll be walking us through trends and key indicators for some of my favorite stocks.
QUICK SIGN-UP LINK: Katie Stockton x Austin Hankwitz Stock Pick Webinar: Tuesday, July 18th at 12pm ET
Key Earnings Announcements:
Earnings reports are BACK from their summer break in a BIG way.
Monday (7/17): FirstBank
Tuesday (7/18): AAR, Bank of America, BNY Mellon, Charles Schwab, Interactive Brokers, Morgan Stanley, JB Hunt, Lockheed Martin, Pinnacle, PNC, Prologis
Wednesday (7/19): Alcoa, Ally Financial, ASML, Baker Hughes, Citizens Financial Group, Discover, Goldman Sachs, Halliburton, IBM, Las Vegas Sands, M&T Bank, Nasdaq, Netflix, Tesla, United Airlines, US Bancorp
Thursday (7/20): Abbott, American Airlines, Blackstone, Capital One, CSX, Johnson & Johnson, Intuitive Surgical, Nokia, Philip Morris, PPG, Taiwan Semiconductor
Friday (7/21): American Express, Comerica, Huntington, Regions, Schlumberger
What We’re Watching:
Over the weekend, Tesla announced its first Cybertruks have officially come off the production line of its gigafactory in Texas. It took them 12 years to hit 3 million Tesla vehicles produced — and just 7 months the 4 million mark. We can’t wait to see what else is in store for this Wednesday’s report.
Whether it’s Quarterback, Swamp Kings, Break Point, Full Swing, Untold: Johnny Football, or anything else that’s in the Netflix pipeline — there’s some reason for excitement surrounding the platform. However — excitement and financials are two completely different things. We’ll be keeping an eye on Netflix’s content production costs this week.
JPMorgan (JPM) estimates that AI revenue could account for just 5% of its top line this year "but could increase to 10% by 2026." Therefore, it could explain why investors haven't been buying like crazy.
Investor Events / Global Affairs:
Microsoft’s flagship partner event and Liquid Death enters the chat.
Microsoft (MSFT) Inspire
Microsoft Inspire 2023 is an annual partner event where Microsoft's vast partner network gathers to learn, grow, and network. This year’s event will focus on three main pillars: business growth & profitability, unlocking customer success, and accelerating AI transformation.
Attendees can expect keynote speeches from Microsoft executives, technology announcements, and the recognition of innovative partners through the Partner of the Year Awards. The event will heavily emphasize Microsoft's investments in generative AI and its implications for partners and customers in the tech ecosystem.
We’re interested to see how 1) new AI updates and 2) any comments regarding the Activision Blizzard deal could impact the MSFT stock price.
Liquid Death IPO Coming Soon…
Liquid Death — the outrageously named canned water company — hired Goldman Sachs for a potential IPO as soon as spring 2024.
I may need to share a video about these guys!
Major Economic Events:
Retail Sales, Existing Home Sales, and the good ole’ Leading Economic Index.
Monday (7/17): Empire State Manufacturing Survey
Tuesday (7/18): Business Inventories, Capacity Utilization, Home Builder Confidence Index, Industrial Production, Retail Sales
Wednesday (7/19): Housing Starts
Thursday (7/20): Existing Home Sales, Philadelphia Fed Manufacturing Survey, US Leading Economic Index
Friday (7/21): N/A
What We’re Watching:
US Retail Sales unexpectedly rose +0.3% MoM in May of 2023 — following a +0.4% increase in April, and beating forecasts of a -0.1% decline. We find out this week if spending remained resilient to start the summer in June.
Estimate for June’s Results: +0.5%
US Existing Home Sales — which include completed transactions of single-family homes, townhomes, condominiums, and co-ops — rose +2.3% higher from the previous month to a seasonally adjusted annual rate of 4.3 million in May of 2023. This surpassed market estimates of 4.25 million at the time.
Estimate for June’s Results: 4.24 million.
Events-Driven Winners:
A platform that you should receive alerts from.
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Disclaimer: This is not financial advice or recommendation for any investment. The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice.
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