Weekly preview: Big earnings week! Google, Tesla, IBM, Intel, etc. will release financial reports; AMD holds an AI conference; Trump will attend on Friday, Su Zifeng will give a speech at the White House Journalists Association Dinner
An overview of the new week's blockbuster schedule. Technology giants are releasing intensively. Google, Tesla, IBM, and Texas Instruments will announce their financial reports on the same day. Intel will follow closely. $Google-A(GOOGL.US)$, $Tesla(TSLA.US)$, $IBMCorp(IBM.US)$, and $Texas Instruments(TXN.US)$ will release their financial reports after the US stock market closes on July 22. Intel(INTC.US)$ will release the results after the US stock market closes on July 23.
Overview of the new week’s important schedule Technology giants released intensively. Google, Tesla, IBM, and Texas Instruments announced their financial reports on the same day, followed closely by Intel. $Google-A (GOOGL.US)$, $Tesla (TSLA.US)$, $IBM Corp (IBM.US)$, and $Texas Instruments (TXN.US)$ will release their financial reports after the US stock market closes on July 22, and $Intel (INTC.US)$ will release the rankings after the US stock market closes on July 23. There are two core points that the market is paying attention to: the sustainability and scale progress of AI investment returns, and the forward-looking guidance of various companies on future capital expenditures. The Goldman Sachs report emphasized that the current focus of the market is whether a wider range of companies in the industry chain can achieve profitability based on AI demand. Hyperscale cloud computing companies such as Microsoft, Amazon, Google, and Meta are betting on AI infrastructure at a rate that exceeds their own operating cash flow. Whether this unprecedented wave of capital can bring sufficient returns has become the most critical unresolved question in the market. Kevin Mahn, chief investment officer of Hennion & Walsh Asset Management, said that if $Google-A (GOOGL.US)$ releases any signal to reduce its AI investment budget, it may trigger a chain reaction throughout the AI industry chain and have a serious impact on AI transactions. Currently, Wall Street generally believes that Google is not likely to significantly reduce its AI investment in the short term. In addition, $Tesla (TSLA.US)$’s progress in the field of AI remains the focus. Investors are now more focused on the quality of results, future guidance and whether valuations are sufficient to support share prices. The market is concerned about whether the expanding capital expenditures of technology giants can ultimately deliver sufficient returns; companies need to simultaneously prove that profit margins remain healthy, full-year performance guidance has not deteriorated, and that profit growth is spreading from a few AI and technology leaders to a wider range of industries, before the market will be willing to give higher valuations. AMD holds "Advancing AI 2026" conference, Su Zifeng will give a speech $AMD.US$ announced that its global flagship AI conference "Advancing AI 2026" will be held through offline and online live broadcasts at the Moscone Center in San Francisco from July 22 to 23, Pacific Time. This conference will bring a blueprint for the construction, deployment and expansion of AMD-driven AI to the AI open ecosystem. AMD Chairman and CEO Su Zifeng will deliver a speech at 0:30 a.m. Beijing time on Friday. She will discuss with many AMD leaders, AI ecosystem partners, customers, and developers how AMD's end-to-end AI solutions from chips to software are reshaping the landscape of AI and high-performance computing. ECB expected to keep interest rates unchanged The European Central Bank's monetary policy decision will be announced at 20:15 on July 23, and the market is generally expected to keep interest rates unchanged this time. Bloomberg Industry Research pointed out that the slowdown in inflation in the Eurozone in June eliminated the need for an emergency interest rate hike. Affected by the risk of a second round of inflation caused by rising energy prices, there is still the possibility of another interest rate hike in September. Analysts at ING and UBS both expect the European Central Bank to keep the margin rate unchanged at 2.25% next week. They also emphasized that the development of the situation in the Middle East and its impact on inflation will be a core consideration for policymakers in making decisions before the September meeting. UBS also noted that the European Central Bank may provide further guidance in the coming months on plans to increase banks' minimum reserve requirements from 1% to 2%. UBS estimates that this move will reduce excess liquidity in the market by approximately 170 billion euros and reduce the annual interest paid by the central bank to commercial banks. Burnham took office as British Prime Minister on July 20, delivering his first speech and announcing the first cabinet list.
According to CCTV International News citing British media reports on July 13, Andy Burnham, a member of the British House of Commons, has received the nomination support of 349 Labor Party members of the House of Commons. He has effectively locked in the position of leader of the Labor Party and is expected to take over as the British Prime Minister on July 20. Multiple polls show he is currently one of the most popular Labor politicians. The British "Financial Times" article pointed out that Burnham's core political capital is the "Manchesterism" formed during his tenure as mayor of Greater Manchester for more than nine years. WAIC World Artificial Intelligence Conference concluded on July 20 The 2026 World Artificial Intelligence Conference (WAIC 2026) will close on July 20. The core agenda includes 09:00-10:00 WAIC·Thinkers Forum Kai-fu Lee Special Session; 09:00-12:00 NetEase Intelligent Enterprise·Using Trustworthy AI to Build New Enterprise Productivity Forum, etc. The full agenda for the day is as follows: Key performance calendar for the new week Next week, the US stock market earnings season will enter its peak period. Google-A (GOOGL.US), $IBM Corp (IBM.US), $Tesla (TSLA.US), $Texas Instruments (TXN.US), $Intel (INTC.US), etc. will announce their results one after another, and the AI investment logic will usher in a new round of testing. In terms of Hong Kong stocks, there are no specific black market trading arrangements for new shares next week. CATL (03750.HK) will announce its results on Friday. Monday (July 20) Keywords: U.S. June Conference Board Leading Indicator monthly rate; Japanese stock market closed; World Cup finals; AMC theater chain financial report In terms of economic data, at 09:00, China's one-year loan market quotation rate until July 20 will be announced; at 22:00, the United States will announce the monthly rate of the Conference Board's leading indicator in June. In terms of performance, $AMC Cinemas (AMC.US)$ and $Domino's Pizza (DPZ.US)$ will release their results before the U.S. stock market opens; $Zion Bank (ZION.US)$ will release the results after the U.S. stock market opens. In terms of financial events, at 03:00, the World Cup finals; the WAIC World Artificial Intelligence Conference closed today. In terms of market closures, Japan's Tokyo Stock Exchange will be closed for one day today due to Ocean Day. Tuesday (July 21) Keywords: Weekly changes in ADP employment this week; General Motors, 3M financial reports In terms of economic data, at 20:15, the weekly change in ADP employment (ten thousand people) in the United States for the week ending July 4 will be announced. In terms of financial events, at 10:00, the State Council Information Office will hold a series of press conferences on the theme of "Getting Started with the 15th Five-Year Plan" on July 21; Andy Burnham will take office in Downing Street on the 20th, becoming the seventh British Prime Minister in ten years. In terms of performance, $Houghton Homes (DHI.US)$, $General Motors (GM.US)$, $3M (MMM.US)$, Novartis Pharmaceuticals (NVS.US)$, and Charles Schwab (SCHW.US)$ will announce their results before the U.S. stock market opens; during the after-hours period, $Anda Insurance (CB.US)$, $Capital One Credit (COF.US)$, and $EQT Energy (EQT.US)$ will release financial reports. Wednesday (July 22) Keywords: API crude oil inventory this week; Google, Tesla, IBM, Texas Instruments financial reports In terms of economic data, the U.S. API crude oil inventory (10,000 barrels) for the week to July 17 will be announced at 04:30; at 22:30, the U.S. will announce the EIA crude oil inventory for the week to July 17 (10,000 barrels), the EIA Cushing Oklahoma crude oil inventory for the week to July 17 (10,000 barrels), and the EIA strategic petroleum reserve inventory for the week to July 17 (10,000 barrels). In terms of market transactions, at 02:30, the NYMEX New York crude oil August futures in the United States were affected by the month change. The last transaction on the floor was completed at 2:30 on July 22, and the last transaction in the electronic market was completed at 5:00 am. Please pay attention to the expiry month change announcement of the trading venue to control risks. In addition, the expiration time of U.S. oil contracts on some trading platforms is usually one day earlier than the official NYMEX, so please pay more attention.
In terms of performance, $Chicago Mercantile Exchange (CME.US)$, $GE Vernova (GEV.US)$, $Moody's (MCO.US)$, and $Phillip Morris (PM.US)$ will announce their results before the US stock market opens; $Google-A (GOOGL.US)$, $IBM Corp(IBM.US)$, $ServiceNow(NOW.US)$, $Tesla(TSLA.US)$, and $Texas Instruments(TXN.US)$ will be released after the US stock market closes. Thursday (July 23) Keywords: European Central Bank announces interest rate decision; number of initial jobless claims this week; Intel and Nokia financial reports In terms of economic data, at 09:00, China's Swift RMB accounted for global payments in June was announced; at 20:30, the number of initial jobless claims in the United States (ten thousand people) for the week to July 18 was announced; at 22:30, the EIA natural gas inventory (billion cubic feet) of the United States for the week to July 17 was announced. In terms of financial events, at 20:15, the European Central Bank will announce its interest rate decision; at 20:45, ECB President Christine Lagarde will hold a monetary policy press conference. In terms of performance, $American Airlines (AAL.US)$, $Blackstone (BX.US)$, $Lockheed Martin (LMT.US)$, $Nokia (NOK.US)$, and $Thor Technologies (RTX.US)$ will announce their results before the US stock market opens; after the US stock market opens, $Intel (INTC.US)$, $Newman Mining (NEM.US)$, and $SAP SE (SAP.US)$ will release the results. Friday (July 24) Keywords: Japan’s core CPI annual rate in June; White House Correspondents’ Association (WHCA) dinner; AMD Advancing AI Conference; American Express and CATL financial reports In terms of economic data, at 07:30, the annual core CPI rate in Japan in June; at 21:45, the initial value of the S&P Global Manufacturing PMI in the United States in July and the preliminary value of the S&P Global Services PMI in the United States in July will be released; at 22:00, the annualized total number of new home sales in the United States in June (10,000 households) will be released. In terms of financial events, at 00:30, AMD 2026 Advancing AI Conference, CEO Su Zifeng will deliver a keynote speech; Trump’s White House Correspondents’ Association (WHCA) dinner will be rescheduled on Friday. In terms of performance, before the US stock market opens, $American Express (AXP.US)$, $HCA Healthcare (HCA.US)$, $New Era Energy (NEE.US)$, $Schlumberger (SLB.US)$, $Verizon (VZ.US)$ will announce results; $CATL (03750.HK)$ Hong Kong stocks will announce results on the same day.
According to CCTV International News citing British media reports on July 13, Andy Burnham, a member of the British House of Commons, has received the nomination support of 349 Labor Party members of the House of Commons. He has effectively locked in the position of leader of the Labor Party and is expected to take over as the British Prime Minister on July 20. Multiple polls show he is currently one of the most popular Labor politicians. The British "Financial Times" article pointed out that Burnham's core political capital is the "Manchesterism" formed during his tenure as mayor of Greater Manchester for more than nine years. WAIC World Artificial Intelligence Conference concluded on July 20 The 2026 World Artificial Intelligence Conference (WAIC 2026) will close on July 20. The core agenda includes 09:00-10:00 WAIC·Thinkers Forum Kai-fu Lee Special Session; 09:00-12:00 NetEase Intelligent Enterprise·Using Trustworthy AI to Build New Enterprise Productivity Forum, etc. The full agenda for the day is as follows: Key performance calendar for the new week Next week, the US stock market earnings season will enter its peak period. Google-A (GOOGL.US), $IBM Corp (IBM.US), $Tesla (TSLA.US), $Texas Instruments (TXN.US), $Intel (INTC.US), etc. will announce their results one after another, and the AI investment logic will usher in a new round of testing. In terms of Hong Kong stocks, there are no specific black market trading arrangements for new shares next week. CATL (03750.HK) will announce its results on Friday. Monday (July 20) Keywords: U.S. June Conference Board Leading Indicator monthly rate; Japanese stock market closed; World Cup finals; AMC theater chain financial report In terms of economic data, at 09:00, China's one-year loan market quotation rate until July 20 will be announced; at 22:00, the United States will announce the monthly rate of the Conference Board's leading indicator in June. In terms of performance, $AMC Cinemas (AMC.US)$ and $Domino's Pizza (DPZ.US)$ will release their results before the U.S. stock market opens; $Zion Bank (ZION.US)$ will release the results after the U.S. stock market opens. In terms of financial events, at 03:00, the World Cup finals; the WAIC World Artificial Intelligence Conference closed today. In terms of market closures, Japan's Tokyo Stock Exchange will be closed for one day today due to Ocean Day. Tuesday (July 21) Keywords: Weekly changes in ADP employment this week; General Motors, 3M financial reports In terms of economic data, at 20:15, the weekly change in ADP employment (ten thousand people) in the United States for the week ending July 4 will be announced. In terms of financial events, at 10:00, the State Council Information Office will hold a series of press conferences on the theme of "Getting Started with the 15th Five-Year Plan" on July 21; Andy Burnham will take office in Downing Street on the 20th, becoming the seventh British Prime Minister in ten years. In terms of performance, $Houghton Homes (DHI.US)$, $General Motors (GM.US)$, $3M (MMM.US)$, Novartis Pharmaceuticals (NVS.US)$, and Charles Schwab (SCHW.US)$ will announce their results before the U.S. stock market opens; during the after-hours period, $Anda Insurance (CB.US)$, $Capital One Credit (COF.US)$, and $EQT Energy (EQT.US)$ will release financial reports. Wednesday (July 22) Keywords: API crude oil inventory this week; Google, Tesla, IBM, Texas Instruments financial reports In terms of economic data, the U.S. API crude oil inventory (10,000 barrels) for the week to July 17 will be announced at 04:30; at 22:30, the U.S. will announce the EIA crude oil inventory for the week to July 17 (10,000 barrels), the EIA Cushing Oklahoma crude oil inventory for the week to July 17 (10,000 barrels), and the EIA strategic petroleum reserve inventory for the week to July 17 (10,000 barrels). In terms of market transactions, at 02:30, the NYMEX New York crude oil August futures in the United States were affected by the month change. The last transaction on the floor was completed at 2:30 on July 22, and the last transaction in the electronic market was completed at 5:00 am. Please pay attention to the expiry month change announcement of the trading venue to control risks. In addition, the expiration time of U.S. oil contracts on some trading platforms is usually one day earlier than the official NYMEX, so please pay more attention.
In terms of performance, $Chicago Mercantile Exchange (CME.US)$, $GE Vernova (GEV.US)$, $Moody's (MCO.US)$, and $Phillip Morris (PM.US)$ will announce their results before the US stock market opens; $Google-A (GOOGL.US)$, $IBM Corp(IBM.US)$, $ServiceNow(NOW.US)$, $Tesla(TSLA.US)$, and $Texas Instruments(TXN.US)$ will be released after the US stock market closes. Thursday (July 23) Keywords: European Central Bank announces interest rate decision; number of initial jobless claims this week; Intel and Nokia financial reports In terms of economic data, at 09:00, China's Swift RMB accounted for global payments in June was announced; at 20:30, the number of initial jobless claims in the United States (ten thousand people) for the week to July 18 was announced; at 22:30, the EIA natural gas inventory (billion cubic feet) of the United States for the week to July 17 was announced. In terms of financial events, at 20:15, the European Central Bank will announce its interest rate decision; at 20:45, ECB President Christine Lagarde will hold a monetary policy press conference. In terms of performance, $American Airlines (AAL.US)$, $Blackstone (BX.US)$, $Lockheed Martin (LMT.US)$, $Nokia (NOK.US)$, and $Thor Technologies (RTX.US)$ will announce their results before the US stock market opens; after the US stock market opens, $Intel (INTC.US)$, $Newman Mining (NEM.US)$, and $SAP SE (SAP.US)$ will release the results. Friday (July 24) Keywords: Japan’s core CPI annual rate in June; White House Correspondents’ Association (WHCA) dinner; AMD Advancing AI Conference; American Express and CATL financial reports In terms of economic data, at 07:30, the annual core CPI rate in Japan in June; at 21:45, the initial value of the S&P Global Manufacturing PMI in the United States in July and the preliminary value of the S&P Global Services PMI in the United States in July will be released; at 22:00, the annualized total number of new home sales in the United States in June (10,000 households) will be released. In terms of financial events, at 00:30, AMD 2026 Advancing AI Conference, CEO Su Zifeng will deliver a keynote speech; Trump’s White House Correspondents’ Association (WHCA) dinner will be rescheduled on Friday. In terms of performance, before the US stock market opens, $American Express (AXP.US)$, $HCA Healthcare (HCA.US)$, $New Era Energy (NEE.US)$, $Schlumberger (SLB.US)$, $Verizon (VZ.US)$ will announce results; $CATL (03750.HK)$ Hong Kong stocks will announce results on the same day.