What to Watch in the Day Ahead - Wednesday, July 21
20/07/2021 19:27
(The Day Ahead is an email and PDF publication that includes the day's major stories and
events, analyses and other features. To receive The Day Ahead, Eikon users can register at
DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT)
Johnson & Johnson is expected to report second-quarter earnings, as countries around the world
roll out the company's single-dose COVID-19 vaccine. Investors' focus will be on production
updates related to the shot, the company's thoughts on the need for booster doses and the
performance of J&J's medical device and pharmaceuticals units.
A $1.2 trillion bipartisan infrastructure bill faces initial procedural floor vote in U.S.
Senate.
Coca-Cola Co is expected to report a rise in second-quarter revenue as, like rival PepsiCo Inc,
its soda sales get a boost from the reopening of restaurants, stadiums and theaters in the
United States. Wall Street's expectations for Coca-Cola have risen since PepsiCo's blowout
second-quarter results and raised full-year profit forecast earlier this month.
Verizon Communications Inc is expected to post a rise in second-quarter revenue helped by higher
demand for its wireless services to support remote work and e-learning and more store visits as
pandemic curbs were lifted.
Chipmaker Texas Instruments Inc is expected to post a rise in second-quarter revenue as its
in-house manufacturing capacity gives it an edge to meet demand in a supply-constrained
atmosphere compared to its peers.
Anthem Inc is set to report its second-quarter results, when investors will focus on the health
insurer's medical costs and enrollment in its employer-sponsored health plans. The focus will
also be on the company's outlook on demand for optional health care services in the second half
of 2021 and changes to its full-year forecasts.
Nasdaq Inc is expected to report its second-quarter results. The company's results will offer a
peek into how trading activity, which has somewhat moderated from last year, will impact
financials at exchange operators.
Harley Davidson Inc is expected to report a profit on stronger retail sales in the second
quarter.
U.S. auto retailer Lithia Motors Inc expects to post a rise in second-quarter profit and revenue
helped by higher earnings per vehicle due to high demand and short supply caused by chip crunch.
Investors will be looking for commentary on forecast for the year and the status of supply chain
shortages.
Stellantis NV Chief Executive Carlos Tavares is scheduled to speak at the Automotive Press
Association in Detroit about the No. 4 automaker's strategy.
U.S. House of Representatives Ways and Means Committee's Trade Subcommittee is set to conduct
hearing on forced labor titled "The Global Challenge of Forced Labor in Supply Chains:
Strengthening Enforcement and Protecting Workers." Additionally, U.S. Senate Environment and
Public Works Committee will conduct hearing on "cybersecurity vulnerabilities facing our
nation's physical infrastructure."
Canada's Rogers Communications Inc is expected to show a rise in second-quarter revenue boosted
by strong demand for its cable and wireless business.
Canada's new housing price index for May is scheduled for release.
LIVECHAT-REUTERS GLOBAL MARKETS FORUM
Adam Khan, founder of AKHAN Semiconductor, joins the forum to discuss the impact of recent
crunches in chips supplies and how companies are adjusting production in response, as well as
diamond semiconductor technology and its advantages and applications. (1300/1700) To join the
conversation, click here https://www.refinitiv.com/en/products/refinitiv-messenger/editorial-communities-financial-forums
(Compiled by Nidhi C Sai in Bengaluru; Editing by Krishna Chandra Eluri)
((Nidhi.CSai@thomsonreuters.com;))