New and Interesting ETFs for Your Watchlist
What’s in Today’s Report:
- New and Interesting ETFs for Your Watchlist
Futures are slightly lower following “not good enough” earnings and a lack of trade deal progress.
NXP Semiconductors (NXPI) was the big report overnight and it beat estimates, but the results weren’t as good as hoped for and the stock is down –6% pre-market.
On trade, a deal with India and the EU before the August 1st deadline is looking increasingly less likely.
Today there are no economic reports but there is a speech from Fed Chair Powell (8:30 a.m. ET) and markets will be look for any clues that he’s more open to a July rate cut (this is very unlikely and he’ll almost certainty stay in the “wait and see” mode, but if he were dovish it’d be a market positive). We also hear from Governor Bowman today (1:00 p.m. ET).
On earnings, the week continues to ramp up and some reports we’re watching today include: KO ($0.83), PM ($1.85) , GM ($2.45), TXN ($1.32).
Sevens Report Special Report: Asteroid Mining & the Future of Gold
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