Top stock reports to watch this week (18.07.2022)

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Wall Street earnings season for Q2 2022 is on the roll. Major US banks launched an earnings marathon last week and the stream of reports gets more diverse starting from this week. Investors will still get reports from 2 major banks today (Bank of America and Goldman Sachs). However, focus is on reports from tech companies, especially Tesla on Wednesday. IBM will report earnings today after close of the session as the first major tech company to do so, followed by Netflix tomorrow. Earnings from Lockheed Martin, one of top US defense contractors, will also be on watch amid the current unstable political situation. A total of 7 Dow Jones members will report Q2 earnings this week - American Express, Goldman Sachs, Dow, IBM, Johnson & Johnson, Travelers and Verizon Communications.

Top Wall Street earnings reports scheduled for this week. Source: Bloomberg, XTB Research

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