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  • The Investing Week Ahead: 7/18/22

The Investing Week Ahead: 7/18/22

Earnings expectations keep getting slashed, Twitter & Tesla awkwardly report earnings back-to-back, the algos hate 'SoMe' stocks, the story of "BlackPebble," and a much needed housing update.

Happy ‘World Listening Day’.

And you should probably listen to this: 77% of the first S&P 500 stocks to report their third quarter estimates were cut. The average earnings change has been a -3.06% slash — which is no small “rounding error.” This didn’t go unnoticed in the financials sector, with giants like Bank of America slashing their stock market forecasts and calling for a “mild recession” this year.

With a barrage of new earnings coming up, let’s keep a gauge on how many more companies are downgrading their expectations. If you want to stay ahead on what’s to come — a great source is the new MNE MKR Newsletter. From the same folks that brought you Morning Brew’s Money Scoop, it’s a once-per-week newsletter that gives you wallet-impacting news, tips, and insights. A pairing better than buffalo wings & football — be sure to get both Rate of Return and MNE MKR in your inbox!

Update: they just shared this incredible guide walking through exactly how to read your paycheck if you’re a new entrant in the workforce — it’s awesome. Seriously, go sign up for their stuff.

The Investing Week Ahead - Too Long, Didn’t Read:

⚡ The earnings spotlight shines on Twitter drama, Blackstone, & financials leaders.

⚡ Events from Bloomberg Crypto, Microsoft ‘Inspire’, & the National Retail Federation.

⚡ Economic indicators are highlighted by housing data & S&P Global’s PMI reports.

Key Earnings Announcements:

Remaining financials companies have a high bar set from last week, Twitter & Snap get the eyes of social media investors, and don’t forget about legendary stocks like Domino’s.

Monday (7/18): Bank of America, Charles Schwab, Goldman Sachs IBM, Prologis

Tuesday (7/19): Ally, Citizens Financial Group, Halliburton, Hasbro, Interactive Brokers, J&J, JB Hunt, Lockheed Martin Pinnacle, Netflix, Novartis

Wednesday (7/20): Abbott, ASML, Baker Hughes, CSX, Discover, M&T Bank, Nasdaq, Tesla, United Airlines

Thursday (7/21): American Airlines, AT&T, Blackstone, Boston Beer Co, Capital One, Domino’s Pizza, Mattel, Nokia, Philip Morris, Snap Inc

Friday (7/22): American Express, Twitter, Verizon

What We’re Watching:

Investor Events:

Bloomberg hosts a Crypto Summit, Elon Musk has some questions to answer, the National Retail Federation (NRF) hosts major players, and Microsoft hopes to inspire.

Monday (7/18): Google Stock Split, Nikola Outstanding Shares Vote

Tuesday (7/19): Bloomberg Crypto Summit, Microsoft Inspire Event Begins, National Retail Federation Webinar

Wednesday (7/20): Elon Musk Answers Questions After Tesla Earnings

Thursday (7/21): Social Media Companies Eye Snap Earnings

Friday (7/22): GameStop Stock Split, Drama Expected From Twitter Earnings

All Week: Farnborough Airshow (Aviation Industry “Conference”)

What We’re Watching:

Major Economic Updates:

Understanding the Fed’s impact on housing and S&P Global’s supply chain check-in.

Monday (7/18): NAHB Home Builders’ Index

Tuesday (7/19): Building Permits, Housing Starts

Wednesday (7/20): Existing Home Sales

Thursday (7/21): Jobless Claims, Leading Economic Indicators, Philadelphia Fed Manufacturing Index

Friday (7/22): S&P Global U.S. Manufacturing PMI & Services PMI

What We’re Watching:

Events Driven Winners:

What specific events are moving stocks the most?

Our friends at LevelFields scrub through thousands of data points each week to determine how events impact stock prices.

Referencing the social media sentiment in the Key Earnings Announcements section — it seems that a lot of investors are ready to jump back into ‘SoMe’ names. Pinterest (PINS) has taken a beating, down nearly -71% over the past year. However, it received a significant boost thanks to Elliott Management taking a ~9% stake in the company. While we don’t have time to break it all down today — click here for the interesting story behind “one of Wall Street’s toughest activist investors.” Shoutout to LevelFields for bringing this story to our attention through their alerts!

If you’re starting your investing journey or want to change to a cleaner, social-focused investing platform, consider visiting Public.com.

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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