Join +750K new investors every month who copy stock picks from billionaire's portfoliosSign Up Free

Bigger Companies Begin Reporting Q2 Earnings Today

Published 07/12/2016, 10:07 PM
Updated 07/09/2023, 06:31 AM
US500
-
JPM
-
CSX
-
PGR
-
YUM
-
DAL
-
BLK
-

Wednesday, July 13, 2016

Q2 earnings season begins to ramp up in earnest: transportation major CSX Corp. (NASDAQ:CSX) and fast-food giant Yum! Brands (NYSE:YUM) are expected to release Q2 earnings results after the bell today. Tomorrow, before the market opens, Wall Street finance firms will have begun reporting with JPMorgan (NYSE:JPM) , BlackRock (NYSE:BLK) and Progressive (NYSE:PGR) , along with airline major Delta Air Lines (NYSE:DAL) . Although there are not an immense number of companies reporting, many of these that are represent a notable amount of total S&P 500 market capitalization.

We are seeing slightly positive futures ahead of the opening bell today, continuing the positive run since the bounce-back from the surprise Brexit vote a couple weeks ago and the positive June jobs report last Friday. With no major negative obstacles in the way currently, investors appear to remain in a good mood.

Speaking of Brexit, Great Britain will soon make a quick and tidy change at the helm: current Prime Minister David Cameron, who had called for the Brexit vote in the first place (and had expected the very opposite result), made his final appearance as head of the U.K., and the nation will then make way for his successor, fellow Conservative Theresa May. Ms. May had been quoted following the Brexit vote — as a pro-Remain supporter herself — that “Brexit means Brexit.” No back-door moves to retain membership in the European Union (EU) will be pursued, in other words.

The June read for Import and Export prices have been released before the bell today, with month-over-month results below what analysts had been expecting and much lower than the previous month. Import prices rose 0.2%, beneath the 0.5% expected and 1.4% from May. Export prices fared a bit better, up 0.8% versus 1.2% in May.

Mark Vickery
Senior Editor


DELTA AIR LINES (DAL): Free Stock Analysis Report

CSX CORP (CSX): Free Stock Analysis Report

JPMORGAN CHASE (JPM): Free Stock Analysis Report

BLACKROCK INC (BLK): Free Stock Analysis Report

PROGRESSIVE COR (PGR): Free Stock Analysis Report

YUM! BRANDS INC (YUM): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.