Amazon, Meta Platforms, Microsoft, and Apple headline the busiest week of this summer earnings season. Plus, the Federal Reserve holds its July policy meeting, which adds intrigue following rekindled Middle East tensions.
1. Earnings
We've got 10 Club names reporting this week, including the other three hyperscalers:
- Boeing: $24.25 billion revenue, loss of $0.30 per share.
- Corning: $4.61 billion revenue, earnings of $0.76 per share.
- Procter & Gamble: $21.38 billion revenue, earnings of $1.41 per share.
- Starbucks: $9.16 billion revenue, earnings of $0.66 per share.
- Meta: $60.17 billion revenue, earnings of $7.22 per share.
- Microsoft: $87.63 billion revenue, earnings of $4.24 per share.
- Amazon: $196.4 billion revenue, earnings of $1.82 per share.
- Apple: $108.6 billion revenue, earnings of $1.89 per share.
- Linde: $8.99 billion revenue, earnings of $4.48 per share.
- Eaton: $8.1 billion revenue, earnings of $3.07 per share.
2. Two-day Fed meeting
In the middle of the jam-packed week, the Fed on Wednesday afternoon will issue its latest decision on interest rates at the end of its July gathering:
3. Economic data
For the reasons laid out above, the most influential economic report of the week comes Thursday morning when the personal consumption expenditures (PCE) price index for June is released:
