The earnings slate continues to ramp up next week with 712 total companies scheduled to report. In the table below, we show the largest stocks by market cap that are set to report quarterly results.  On Monday, there will be no company with a market cap above $100 billion reporting with the largest companies being Alexandria Real Estate (ARE) and multiple banks.  On Tuesday, payment processor Visa (V) will be out with earnings in addition to Pfizer (PFE), Amgen (AMGN), McDonald’s (MCD), and Raytheon (RTX).  Visa has historically averaged the strongest stock price reaction to earnings of these names but it has gapped down for six straight quarters.  That will be followed by another payment processor, Paypal (PYPL) on Wednesday.  In addition to Paypal, Facebook (FB) is also scheduled to report that same day.  While both stocks have averaged over 2% gains on earnings days historically, ServiceNow (NOW) has seen an even stronger performance with an average gain of 3.64%.  Another major earnings report that will be widely watched is Boeing (BA) to get a gauge on how demolished travel demand has affected the company.  On Thursday, three of the world’s largest stocks will also be out with earnings: Apple (AAPL), Amazon (AMZN), and Alphabet (GOOG). Each one has averaged a 1%+ gain on earnings days.  Apple (AAPL) has seen some of the strongest results in recent history with last quarter snapping a streak of four consecutive triple plays.  On Friday, two of the largest energy stocks, Chevron (CVX) and Exxon Mobil (XOM), will round out the week and July’s earning calendar.  Both stocks have historically averaged declines on earnings days. Click here to view Bespoke’s premium membership options for our best research available.

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