Earnings Season is in Full Swing — Here’s a Calendar So You Can Keep Track
Key takeaways
- Companies are now in the midst of releasing their second quarter earnings
- The banking sector is under pressure to show all is well after a difficult spring
- Tech companies like Tesla, Meta and Netflix are ones to watch after soaring stock prices in 2023
It’s that time again — the quarterly earnings are here, revealing the winners and losers of the continued economic malaise and high-interest rate environment. We’ve put together some highlights on the calendar you can look out for and which companies you should watch for some potential movers on the stock market. Keep reading.
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Quarterly earnings season highlights calendar
The highlights
After a difficult spring, all eyes are on the banking sector as Wall Street looks to see how the big institutions are faring against the uncertain economic backdrop. Citigroup, JPMorgan and Wells Fargo have already released their reports, which were a cautiously optimistic tale on the whole. However, there’s still more room for surprises with Goldman Sachs, Bank of America and Morgan Stanley.
The tech market has run insanely hot this year thanks to the AI revolution, which is baffling given rising interest rates usually curb company growth. All eyes will be on mega-cap stocks like Meta, Tesla and Apple to see if they can put their money where their mouths are; an unexpected slip in revenue or profit could spell short-term disaster for these stocks.
Then there are those with some changes in the last quarter — Disney has just announced its CEO, Bob Iger, is staying on for another two years, while Coca-Cola has suffered some bad press in the form of possible cancer-causing aspartame in its soft drinks. While the impact of these big announcements might not affect the second quarter results right away, they’re a useful benchmark for the coming quarter.
The bottom line
Earnings season is always a time of trials and tribulations for investors and CEOs as they look to see how the results fare with traders. The best approach with your portfolio is to stay the course and cut out the noise — but keep an eye on the bigger picture.
Earnings season can impact individual company stocks, but you don’t need to watch them like a hawk with AI by your side. Q.ai’s Foundation Kits are neat investment packages themed on different topics, like tech and global trends, with diversified assets to help you stay one step ahead.
Download Q.ai today for access to AI-powered investment strategies.
