Investing Action Plan: Key Earnings, Economic Indicators Loom

Strategic Insights -

As the Q2 reporting season heats up, investors are bracing for key earnings releases from top companies like Delta Air Lines, Goldman Sachs, and Boeing. Meanwhile, economic indicators, including the consumer price index and producer price index, will provide insights into rising inflation concerns. Against this backdrop, the Dow Jones stock is near a buy point from a flat base, while Bank of America and JPMorgan Chase report record profits. Virgin Galactic is set to send founder Richard Branson into space, amidst a billionaire space race with Jeff Bezos' Blue Origin.

Key Takeaways:

  • Delta Air Lines reports earnings early Wednesday, with Wall Street expecting a $1.36 per share loss, despite revenue rebounding to $6.137 billion.
  • Goldman Sachs and JPMorgan Chase report earnings on Tuesday, with analysts predicting record profits: Goldman's EPS to jump 48% to $9.25, and JPMorgan's EPS soaring 120% to $3.04.
  • Bank of America and Citigroup are set to report earnings on Wednesday, with analysts estimating a 108% surge in EPS to 77 cents, and a 294% increase to $1.97, respectively.
  • Boeing's order book should see a boost from United Airlines' recent 200 737 Max jet purchase, the largest aircraft order in at least a decade.
  • Virgin Galactic is set to send founder Richard Branson into space on Sunday, amidst a billionaire space race with Jeff Bezos' Blue Origin.
  • Economic indicators, including the consumer price index, producer price index, and retail sales data, will provide insights into rising inflation concerns.
  • UnitedHealth Group reports earnings on Thursday, with analysts expecting a 38% decline in EPS to $4.40, as Covid costs and deferred care normalization.
  • Mastercard and Square are near buy points from flat base formations, while Discover Financial Services is rebounding above its 50-day line.

Statistics:

  • Delta Air Lines revenue is expected to rebound to $6.137 billion.
  • Goldman Sachs EPS is forecasted to jump 48% to $9.25.
  • JPMorgan Chase EPS is expected to surge 120% to $3.04.
  • Bank of America EPS is estimated to surge 108% to 77 cents.
  • Citigroup's EPS is expected to balloon 294% to $1.97.
  • United Airlines ordered 200 737 Max jets from Boeing, the largest aircraft order in at least a decade.
  • Virgin Galactic's flight is scheduled to beat Amazon.com founder Jeff Bezos' Blue Origin to space on Sunday.
  • The Dow Jones stock is near a 426.08 buy point from a flat base.
  • UnitedHealth Group's EPS is expected to decline 38% to $4.40.

Sources:

  • The Wall Street Journal
  • Bloomberg
  • Dow Jones
  • United Airlines
  • Amazon.com
  • Blue Origin
  • Virgin Galactic
  • UnitedHealth Group