www.zerohedge.com/markets/...mes-worst-earnings-season-crisis
...Tuesday
Data: China June trade balance, Japan final May industrial production, UK May GDP, Germany final June CPI, Euro Area May industrial production, Germany July ZEW survey, US June NFIB small business optimism index, CPI
Central Banks: Fed’s Bullard speaks
Earnings: JPMorgan, Citigroup, Wells Fargo
Other: UK’s Office for Budget Responsibility publish their Fiscal sustainability report.
Wednesday
Data: UK June CPI, Italy final June CPI, US weekly MBA mortgage applications, July Empire State manufacturing survey, June industrial production, capacity utilisation, import price index, Canada May manufacturing sales, June existing home sales
Central Banks: Bank of Japan and Bank of Canada policy decisions, Federal Reserve releases Beige Book, BoE’s Tenreyro and Fed’s Harker speak
Earnings: UnitedHealth Group, ASML, Goldman Sachs, US Bancorp, BNY Mellon, Infosys.....
Buy JPMorgan and Morgan Stanley Before Earnings, RBC Says
www.marketwatch.com/articles/...86?mod=barrons-on-marketwatch
analysts at RBC Capital Markets suggest buying JPMorgan Chase (ticker: JPM) and Morgan Stanley (MS) ahead of earnings, figuring that both will beat expectations. The analyst team notes that data from Dealogic suggests higher investment banking revenue than consensus estimates do, implying that the banks could surprise to the upside on that metric.
“We would be a buyer today of JPM and MS in anticipation of these two companies showing the best outperformance relative to expectations,” Gerard Cassidy, analyst at RBC Capital Markets, said in a note Monday....."