The Week Ahead: Earnings Season Heats Up
We're watching earnings from several wide- and narrow-moat companies, plus retail sales and housing starts.
Earnings season kicks into high gear next week, as some of the largest publicly traded banks, technology companies, healthcare companies, and other firms are expected to report their quarterly earnings. They include Citigroup (C) on Monday, Johnson & Johnson (JNJ), JPMorgan Chase (JPM), and Wells Fargo (WFC) on Tuesday, Bank of America (BAC), Netflix (NFLX), and Abbott Laboratories (ABT) on Wednesday, Microsoft (MSFT), UnitedHealth (UN) , and SAP (SAP) on Thursday, and American Express (AXP), BlackRock (BLK), and Schlumberger (SLB) on Friday.
Citigroup, Netflix, Abbott Laboratories, SAP, and Schlumberger currently receive narrow Morningstar Economic Moat Ratings, while the other firms named here are currently rated as wide-moat firms. A narrow moat rating means that Morningstar analysts believe a firm has competitive advantages that should persist for at least a decade, while a wide moat rating means analysts believe a company has advantages that should persist for 20 years or more.
Next week's economic reports and news include the release of retail sales data for June on Tuesday, June housing starts on Wednesday, weekly jobless claims through July 13 on Thursday, and consumer sentiment for July on Friday.
David Harrell does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.