This upcoming week will feature earnings reports from 9 S&P 500 companies, including Nike (NKE)—a Dow 30 component—and Micron Technology (MU), a leading semiconductor stock. A key macro focus will be Fed Chair Jerome Powell’s testimony before Congress on Tuesday as part of the central bank’s semiannual economic report.
Other significant geopolitical and economic themes include:
• Potential U.S. involvement or diplomatic posture toward the Israel–Iran conflict,
• Trade negotiation developments between the U.S. and EU, Vietnam, Japan, and India.
Key Earnings Reports & Economic Data Schedule:
• Monday:
• U.S. June Services PMI and ISM Services Index,
• Existing Home Sales
• Earnings: FDS, CMC, KBH
• Tuesday:
• June Consumer Confidence Index,
• Powell’s congressional testimony
• Earnings: FDX, AVAV, BB
• Wednesday:
• May New Home Sales
• Earnings: MU, PAYX, GIS
• Thursday:
• May retail & wholesale inventories,
• Goods trade balance,
• Durable goods orders,
• Q1 GDP revision,
• Initial jobless claims
• Earnings: NKE, MKC, WBA
• Friday:
• Final reading of June Consumer Sentiment Index,
• May personal income & spending,
• PCE and Core PCE Price Index
Earnings Overview:
• For Q1 2025, S&P 500 companies saw YoY earnings growth of +13.3%, with revenue up +4.9%.
• The forward P/E ratio stands at 21.6.
• Market expectations for earnings growth in Q2–Q4 2025 are +4.9%, +7.2%, and +6.2% respectively.
• Revenue is projected to grow by +4.1%, +4.7%, and +5.2% across the same quarters.
• Notably, Q2 earnings growth is expected to be the slowest since Q4 2023.
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