Wall Street Brunch: Start Your Earnings Engines
Nico De Pasquale Photography/DigitalVision via Getty Images Nico De Pasquale Photography/DigitalVision via Getty Images Listen below or on the go onApple PodcastsandSpotify JPMorgan, Goldman Sachs and other big banks launch earnings season.
(0:17) CPI hits as yields hit two-decade highs.
(1:18) Trump announces anenergy ceasefire between Russia and Ukraine.
(1:52) When “The Monster Mash†starts popping up in your algorithm, you know Q3 earnings season is underway.
Back in the day, Alcoa (AA) was the curtain-raiser, and it does report Wednesday.
But now big bank week steals the spotlight.
JPMorgan Chase (JPM), Goldman Sachs (GS), Wells Fargo (WFC) and Citigroup (C) report Tuesday, followed by Bank of America (BAC), Morgan Stanley (MS) and BlackRock (BLK) on Wednesday.
The Alpha Analyst saysJPMorgan is operating at near-peak conditions, with Q2 return on tangible common equity at about 23% and record Markets and Investment Banking revenue.
The analyst favors starter positions in preferred stock for income, as common shares face multidimensional risks and limited upside at current valuations.
Among other names this week, J&J (JNJ) and UnitedHealth (UNH) report Tuesday, and Travelers (TRV) is due Friday.
And Taiwan Semiconductor (TSM) reports Thursday in a key read for the AI chip complex.
Khaveen Investments, which has a Strong Buy on the stock, says it expects AI chip demand to remain very strong and “growth will depend on whether TSMCcan raise enough capacity to fulfill this demand.†On the economic front it’s all about the CPI, with Treasury yields pushing up to the highest levels in two decades.
| Product | Price | Change |
|---|---|---|
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| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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