What to Watch in the Day Ahead - Thursday, July 25
The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US. Thomson One users can register at RT/DAY/US. All times in ET/GMT
The U.S. Commerce Department is scheduled to publish its advance estimate of second-quarter GDP growth, which is expected to show a pick-up in activity at a 2.0% annualized rate from the January-March quarter's 1.4% pace. Separately, durable goods are expected to have gained 0.3% in June after rising 0.1% in May. Orders for durable goods, excluding transport, likely rose 0.2% in June after falling 0.1% in the month before. Meanwhile, initial claims for state unemployment benefits possibly fell to a seasonally adjusted 238,000 for the week ending July 20 from 243,000 the week before.
American Airlines is expected to report a fall in profit when it posts its second-quarter earnings. Investors will seek an update on the company's unit revenue strategy and demand trends. Separately, Southwest Airlines is also expected to post a drop in its second-quarter profit. Investors will watch for comments on Boeing deliveries, the company's response to Elliott investment management and travel demand.
U.S. Railroad operator Union Pacific is expected to report a second-quarter profit above Wall Street estimates as price hikes implemented by the U.S. railroad operator partly offset freight volume declines, particularly in coal.
When AbbVie reports its second-quarter earnings, investors are expected to focus on the sales erosion of the company's drug, Humira, due to competition from biosimilars and sales of its drugs, Rinvoq and Skyrizi.
Royal Caribbean Group is expected to post a rise in second-quarter revenue on robust cruising demand and higher prices. Investors will watch out for comments on costs and occupancy levels for the rest of the year.
Refiner Valero Energy is expected to report a decline in second-quarter earnings compared to last year, hurt by weaker margins. Investors will be looking forward to any commentary about the impact of the TMX pipeline on distillate and gasoline demand.
Toymaker Hasbro is expected to post a drop in second-quarter revenue, hurt by a volume decline in its Consumer Products segment and slowing growth in its "Monopoly Go!" mobile gaming revenue. Investors will look out for comments on recovery in toy demand, upcoming releases, and cost-saving measures.
Digital Realty Trust is expected to post higher second-quarter revenue, which will likely be driven by strong demand for its data center services.
Keurig Dr Pepper is expected to post a rise in second-quarter revenue, mainly driven by steady demand for its sodas in the United States. Investors will look out for comments about the health of the country's consumers, the impact of weight loss drugs, if any, and new product innovations.
Canada's Loblaw is expected to post a rise in second-quarter revenue, helped by strong demand for groceries and other essentials.
Deckers Outdoor is expected to post a rise in first-quarter revenue, benefiting from steady demand for its premium UGG boots and Hoka sneakers. Investors will eye comments on consumer demand trends and any update on the full-year forecasts.
Farming supplies retailer Tractor Supply is expected to post a rise in second-quarter revenue, helped by steady demand for discretionary and agricultural products. Investors will look for comments on demand, pricing action, and annual forecasts.
Juniper Networks is expected to post a lower second-quarter revenue, hurt by weak spending by its cloud computing and enterprise clients in an uncertain economy.
Home-building products maker Masco is expected to post a decline in second-quarter revenue, owing to weaker demand for its high-priced plumbing and home decor items. Investors will look for comments on demand, pricing action and annual forecasts.
In Latin America, Brazil's statistics agency is slated to report mid-July inflation, as measured by the IPCA-15 index, which likely rose 0.23%, easing from 0.39% registered a month earlier. The country's annual inflation is estimated to have increased by 4.38% in mid-July, compared to 4.06% in the previous period. Separately, the country's central bank is expected to post a current account deficit of $3 billion for June, compared to a $3.4 billion deficit posted in May. Foreign direct investment is forecast to have risen $3.3 billion in June, up from $3 billion reported in the month before.
LIVECHAT – REUTERS GLOBAL MARKETS FORUM
Stefan Gerlach, chief economist at EFG Bank in Zurich and former Deputy Governor of the Central Bank of Ireland, discusses his outlook for ECB's monetary policy path. (0430/0830) To join the conversation, email us here
Reporting by Ananya Roy in Bengaluru; Editing by Tasim Zahid
Mga Kaugnay na Asset
Pinakabagong Balita
Disclaimer: Ang mga kabilang sa XM Group ay nagbibigay lang ng serbisyo sa pagpapatupad at pag-access sa aming Online Trading Facility, kung saan pinapahintulutan nito ang pagtingin at/o paggamit sa nilalaman na makikita sa website o sa pamamagitan nito, at walang layuning palitan o palawigin ito, at hindi din ito papalitan o papalawigin. Ang naturang pag-access at paggamit ay palaging alinsunod sa: (i) Mga Tuntunin at Kundisyon; (ii) Mga Babala sa Risk; at (iii) Kabuuang Disclaimer. Kaya naman ang naturang nilalaman ay ituturing na pangkalahatang impormasyon lamang. Mangyaring isaalang-alang na ang mga nilalaman ng aming Online Trading Facility ay hindi paglikom, o alok, para magsagawa ng anumang transaksyon sa mga pinansyal na market. Ang pag-trade sa alinmang pinansyal na market ay nagtataglay ng mataas na lebel ng risk sa iyong kapital.
Lahat ng materyales na nakalathala sa aming Online Trading Facility ay nakalaan para sa layuning edukasyonal/pang-impormasyon lamang at hindi naglalaman – at hindi dapat ituring bilang naglalaman – ng payo at rekomendasyon na pangpinansyal, tungkol sa buwis sa pag-i-invest, o pang-trade, o tala ng aming presyo sa pag-trade, o alok para sa, o paglikom ng, transaksyon sa alinmang pinansyal na instrument o hindi ginustong pinansyal na promosyon.
Sa anumang nilalaman na galing sa ikatlong partido, pati na ang mga nilalaman na inihanda ng XM, ang mga naturang opinyon, balita, pananaliksik, pag-analisa, presyo, ibang impormasyon o link sa ibang mga site na makikita sa website na ito ay ibibigay tulad ng nandoon, bilang pangkalahatang komentaryo sa market at hindi ito nagtataglay ng payo sa pag-i-invest. Kung ang alinmang nilalaman nito ay itinuring bilang pananaliksik sa pag-i-invest, kailangan mong isaalang-alang at tanggapin na hindi ito inilaan at inihanda alinsunod sa mga legal na pangangailangan na idinisenyo para maisulong ang pagsasarili ng pananaliksik sa pag-i-invest, at dahil dito ituturing ito na komunikasyon sa marketing sa ilalim ng mga kaugnay na batas at regulasyon. Mangyaring siguruhin na nabasa at naintindihan mo ang aming Notipikasyon sa Hindi Independyenteng Pananaliksik sa Pag-i-invest at Babala sa Risk na may kinalaman sa impormasyong nakalagay sa itaas, na maa-access dito.
