Earnings season begins in earnest next week. Investors will hear from several big names, including UnitedHealth Group (UNH), Johnson & Johnson (JNJ), United Airlines (UAL), Netflix (NFLX), D.R. Horton (DHI), and Domino’s Pizza (DPZ). From the financial sector, Goldman Sachs (GS), Bank of America (BAC), Morgan Stanley (MS), PNC (PNC), and American Express (AXP) are set to report their quarterly results.
Wall Street will also be eyeing economic data, with retail sales, housing starts and the Federal Reserve’s Beige Book set to be released.
Make sure to stock up on US stamps! The price of a Forever postage stamps will increase from $0.68 to $0.73 on Sunday, July 14.
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This post was written by Nicholas Jacobino
Video Transcript
Time now for to watch next week, starting off on the earnings, front earnings season is in full swing.
Now we’re going to be getting a new batch of bank earnings throughout the week.
Morgan Stanley Bank of America Goldman Sachs all on deck is coming after mixed results from big banks, Friday, JP, Morgan Wells Fargo and the city group all did close lower on the day outside of the banking sector, United Health Group, Netflix and United Airlines are reporting earnings next week, Netflix, one of the big ticket reports and it will be announcing for the second quarter on Thursday.
Analysts expect big numbers from strong engagement and subscription growth and moving over to the economy monthly retail sales coming out on Tuesday.
The economy is forecasting sales decline 0.2% for June.
We’re also going to get some housing data with housing starts and building permits.
On Wednesday, housing starts expected to tick up slightly to 1.3 million and building permits holding steady at 1.39.
And finally, if you’re low on stamps, it might be time to stock up.
The price of us postage stamps is rising from 68 cents to 73 cents.
On Sunday.
The price hike coming as the US Postal Service reported last November, that first class mail fell to the lowest volume since 1968.
