AMD, PayPal, Starbucks, Uber, Paramount and more stocks for investors to watch this week

It’s the peak of the second-quarter earnings season, with about 150

S&P 500

companies scheduled to report this week. Highlights on the economic calendar will be a pair of index readings and job marketers on Friday.

Wednesday’s earnings highlights will be

Participation Reservations

CVS Health




Thursday will bring results from Alibaba Group Holding, Block,


Paramount Global


Discovery by Warner Bros


EOG Resources


Western Digital

close the week on Friday.

Economic data releases this week will include the Institute for Supply Management’s Purchasing Managers Index for July on Monday, followed by the Services


on Wednesday. Both activity indicators appear to have declined since June.

On Tuesday, the Bureau of Labor Statistics will release its Survey of Jobs and Turnover for June. Then on Thursday, the Bank of England will announce a monetary policy decision. Interest rates are likely to rise.

Finally, the highlight of the week will be the Bureau of Labor Statistics’ jobs report for July on Friday morning. The consensus of economists calls for an increase of 250,000 non-farm payrolls and for the unemployment rate to remain at 3.6%.

Monday 8/1

Arista Networks


Devon Energy, Global Payments,

SBA Communications

Simon Property Group, and


Cos. Earnings Report.

The Census Bureau reports construction spending statistics for June. The consensus estimate is for a 0.2% monthly increase in total manufacturing spending, to a seasonally adjusted annual rate of $1.78 trillion.

The Supply Institute The Administration publishes the Construction Procurement Managers Index for July. Economists had forecast a reading of 52.2, down slightly from June’s 53, which was the lowest in two years.

Tuesday 8/2

The Bureau of Labor Statistics publishes the Jobs and Turnover Survey. Expectations are for 11.1 million jobs on the last business day of June, down 154,000 from May.

Advanced Gadgets, Airbnb, BP, Caterpillar,



Eaton, Electronic Arts,

Gilead Sciences

Marathon Petroleum, Marriott International, Occidental Petroleum, PayPal Holdings,

Preventive Economics

S&P Global, SolarEdge Technologies, Starbucks and Uber Technologies announce quarterly results.

Wednesday 8/3


Booking entries,


CVS Health, eBay,




Ingersoll Rand




Regeneron Pharmaceuticals


mmm! Brands

release of profits.

The ISM publications Services PMI for July. The consensus call is for a reading of 53.3, down two points from June. The Services PMI has fallen for three consecutive months and is at its lowest level since May 2020.

Thursday 8/4

Alibaba Group Holding,


Becton Dickinson




Duke Energy

Eli Lilly

Expedia Group

Fidelity National Information Services

Intercontinental Exchange, Kellogg,

Novo Nordisk

Paramount Global,


Vertex Pharmaceuticals

Warner Bros. Discovery and


hold calls to discuss quarterly results.

The Bank of England announces its monetary policy decision. Traders are pricing in a 50% chance the central bank will raise its key interest rate by half a percentage point to 1.75%.

The Department of Labor reports initial jobless claims for the week ended July 30. The four-week average for claims is 249,250—the highest level since late last year.

Friday 8/5

Western Digital and Westinghouse Air Brake Technologies report the earnings.

The Bureau of Labor Statistics publishes the jobs report for July. Economists believe the economy added 250,000 jobs, following an increase of 372,000 in June. The unemployment rate is forecast to remain unchanged near a half-century low of 3.6%.

Write to Nicholas Jasinski at

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