July 26, 2015 The Week Ahead

The S&P 500 ended Friday’s action at weekly lows. The weakness can be attributed to lackluster earnings reports out of Apple, Microsoft, and American Express.

With that said, the schedule is packed again this week, with earnings from Facebook, Bidu, Exxon, Merck, and Twitter to name a few.

Friday’s sell off caused a spike in the VIX, closing the week at 13.74.

Commodities have also been weak lately, gold futures are hovering above 52-week lows and crude oil futures are trading below $50 per barrel. This of course has impacted energy and gold mining companies negatively.

Generally, trading can get very slow in the summer. However, accompanying earnings this week is the FOMC meeting announcement. This should hopefully help us get a better idea of when the Fed wants to start increasing interest rates.

Here’s what’s on the schedule:

Key Economic Data:

• 29 July 2015- FOMC Meeting Announcement 2:00 PM ET
• 30 July 2015- GDP 8:30 AM ET, Jobless Claims 8:30 AM ET

Key Earnings:

• 27 July 2015- CYOU, NSC, SOHU, AGNC, BIDU, CMP, CDNS, CR, EMN, GILD, HIG, KN
• 28 July 2015- AKS, ALLY, BP, BTU, CIT, CMI, COMM, CVLT, DD, DHI, F, GLW, IPI, IR, JBLU, LYB, MRK, NOV, PCAR, PFE, SIRI, SVU,UBS, UPS, WYN, AFL, AKAM, APC, BWLD, CTXS, ESRX, PNRA, TWTR
• 29 July 2015- ADT, ANTM, APO, BAH, BAX, BEN, CLF, DATA, ETN, GSK, GRMN, HES, HLT, HUM, HUN, IP, LVLT, MA, MO, MTH, NOC, PX, SO, STRZA, VW, BAX, CAVM, FB, LRCX, MAR, MCK, MET, MTW, NXPI, ORLY, WFM
• 30 July 2015- ADP, ALU, APD, AZN, AVP, CAH, CL, CME, COP, DB, DLPH, ESV, FIG, HOT, HST, KMT, MDLZ, MPC, NOK, OSK, OXY, PG, POT, RYL, SC, SHOP, SNN, SSYS, SWK, TMUS, TWI, TWC, VLO, AMGN, EA, EXPE, FEYE, FLR, KLAC, LNKD, MOH QLGC, ROVI, SAM, SPF, SYNA, WU
• 31 July 2015- BNP, CBOE, CVX, KCG, NWL, PSX, RLGY, STX, TYC, WY, XOM