US Earnings

June quarter earnings: The market is expecting average EPS to be down 7% compared to the same time last year.

Week 2.

Tuesday, July 18 – Bank of America, Novartis, Morgan Stanley, and Lockheed Martin.

Wednesday, July 19 – Goldman Sachs, Tesla, Netflix, IBM, U.S. Bancorp, United Airlines, Las Vegas Sands, and Nasdaq.

Thursday, July 20 – Johnson & Johnson, Abbott Laboratories, Taiwan Semiconductor Manufacturing, Philip Morris International, Travelers, American Airlines, Capital One, and CSX.

Friday, July 21 – American Express, Schlumberger, AutoNation, and Huntington Bancshares.

Week 1.

Thursday, July 13 – PepsiCo and Delta Air Lines

Friday, July 14 – UnitedHealth Group, JPMorgan Chase, Wells Fargo, BlackRock, and Citigroup.

Citi Group remains one of our preferred bank holdings and we’ll review the earnings in more detail, following Friday’s result.