Monday, July 22, 2019

The Big Week Ahead

If you're a stock investor, this is a week for you to keep your eyes and ears open. One-third of the 30 components of the Dow Jones Industrial Average and 144 companies on the S&P 500 index are due to report their earnings, making for one of the busiest earning stretches this season.

The parade of reports could provide some good news for a market that has mostly skidded lower over the past several sessions. Both benchmarks, as well as the tech-heavy Nasdaq, finished Friday with their steepest weekly declines since the end of May.

The big names from the Dow that are set to report include Coca-Cola, Caterpillar, McDonald’s and Visa. But maybe the most intriguing is a non-Dow company, Facebook, which will report earnings on Wednesday. Facebook is expected to announce a $2 billion hit to earnings in order to settle a fine from the FTC over data privacy. 

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