TLDR
- Palantir, AMD, McDonald’s, Disney, Uber, and several pharmaceutical companies report earnings this week
- Fed officials including Mary Daly, Raphael Bostic, and Alberto Musalem will deliver remarks after keeping rates unchanged
- U.S. trade deficit data on Tuesday will show impact of Trump’s tariff policies on international trade
- Bank of England expected to cut rates while markets show signs of fatigue after recent sell-offs
- August typically brings market weakness with heightened uncertainty due to tariffs and mixed economic signals
Markets enter August with a packed calendar of corporate earnings and economic data releases. Key companies across technology, consumer goods, and pharmaceuticals prepare to report quarterly results.
Palantir Technologies kicks off the week Monday with its earnings report. The AI data analyst firm trades near record highs due to optimism about artificial intelligence spending trends.
Advanced Micro Devices follows Tuesday with results closely watched by analysts. The chipmaker’s MI350 series chips could compete directly with Nvidia products in the AI market.
Tech and Consumer Giants Report Results
Uber Technologies reports Wednesday as analysts maintain positive outlooks for the ride-hailing company. McDonald’s also releases results Wednesday as the burger chain faces traffic declines from middle-income households.
Walt Disney reports the same day following its raised full-year profit outlook last quarter. The entertainment giant saw subscriber growth in its streaming services drive improved performance.
Several pharmaceutical companies report this week including Novo Nordisk Wednesday. The Danish drugmaker previously lowered its full-year outlook due to declining sales of weight-loss drugs Ozempic and Wegovy.
Eli Lilly reports Thursday after cutting its profit outlook in May. The company cited high research and development costs for the reduced guidance.
Economic Data and Federal Reserve Focus
U.S. trade deficit data releases Tuesday showing how President Trump’s tariff policies affect international trade. The gap between imports and exports has been narrowing as tariffs take effect.
Second-quarter productivity data comes as economists track artificial intelligence’s impact on the workforce. Consumer credit information will provide insight into American spending patterns.
Weekly jobless claims data Thursday follows last week’s employment report that showed weakness in the job market. The poor jobs data raised expectations for a possible Federal Reserve rate cut in September.
Federal Reserve officials will speak throughout the week after two committee members voted to cut interest rates last week. San Francisco Fed President Mary Daly speaks Wednesday while Atlanta Fed President Raphael Bostic speaks Thursday.
St. Louis Fed President Alberto Musalem delivers remarks Friday. Investors will listen for clues about future monetary policy direction from these central bank officials.
Markets show signs of fatigue after U.S. stocks fell 2-3 percent last week despite trading near record highs.
