See what’s driving market performance around the world in today’s Morning Lineup. Bespoke’s Morning Lineup is the best way to start your trading day. Read it now by starting a two-week free trial to Bespoke Premium. CLICK HERE to learn more and start your free trial.
It’s a new week, but more of the same in the early going as the usual suspects are all trading higher. Leading the charge is Tesla (TSLA), which is trading up over 6% which in today’s share price works out to a gain of about $100. The pace of reports is slow today, but earnings season kicked off this morning with Pepsi (PEP) reporting better than expected EPS and rallying more than 2%. Outside of PEP, though, there are no other reports on the calendar for today.
Be sure to check out today’s Morning Lineup for a rundown of the latest stock-specific news of note, global and national trends related to the COVID-19 outbreak, and much more.
As mentioned above, earnings season started off slowly today with Pepsi (PEP). Tuesday, though, we’ll get reports from Citigroup (C), Delta (DAL), Fastenal (FAST), JP Morgan Chase (JPM) and Wells Fargo (WFC), all of whom are scheduled to report in the morning. Wednesday’s major reports include Goldman (GS), Progressive (PGR), and UnitedHealth (UNH) in the morning, while Alcoa (AA) will report in the afternoon. Thursday will be the busiest day of the week with too many stocks to list here, but Netflix (NFLX) will highlight the schedule of afternoon reports. Finally, Friday’s key reports include Blackrock (BLK) and State Street (STT).
For a more detailed rundown of the earnings schedule for the upcoming season, please see our Earnings Explorer Tool (available to all Institutional clients) on the Tools section of our website. The chart below is from that tool and shows the daily number of companies reporting. While large caps dominate the list of companies reporting next week, the volume of reports will not pick up until later July when the pace of reports from smaller and mid-cap companies picks up and more than 400 companies will report in a single day.