Earnings From Palantir, AMD, McDonald’s and More

Last week brought a string of blockbuster corporate reports. Those will continue in the days ahead, with big tech companies and well-known consumer names set to publish their quarterly financial updates. 

AI data analyst firm Palantir, chipmaker Advanced Micro Devices, and ride-hailing app Uber Technologies lead the tech names set to report. McDonald’s and Walt Disney are among the leading consumer companies on the calendar. Several noteworthy drugmakers are also scheduled to post earnings, including Novo Nordisk, Amgen, Pfizer, and Eli Lilly.

Updated data on the U.S. trade deficit comes as tariffs are remaking the landscape of international trade, while factory orders could help show whether tariffs are helping spur a rise in domestic manufacturing so far. Trade weighed heavily on stocks to close out last week, with concerns about tariffs and the health of the job market pulling all three major indexes into the red after a generally strong July.

Consumer credit data later in the week will provide insight into how much Americans are spending. Market watchers will also be following comments from Federal Reserve officials after last week’s decision to keep interest rates unchanged. 

 Read to the bottom for our calendar of key events—and one more thing.

Earnings from Palantir, AMD, McDonald’s, Pharma in the Spotlight 

Palantir Technologies’ (PLTR) scheduled earnings report on Monday kicks off the week for investors as the firm continues to trade near record highs, lifted by optimism about AI spending trends.  Advanced Micro Devices (AMD) is to report the following day, with analysts saying the chipmaker’s MI350 series chips could be competitive with Nvidia products.  Analysts are also high on Uber Technologies (UBER) ahead of its scheduled report on Wednesday.

McDonald’s (MCD) reportm on tap for Wednesday, is due as the burger chain has reported that traffic from middle-income households was down amid lagging consumer confidence. Disney’s (DIS) scheduled report on the same day follows the entertainment giant lifting its full-year profit outlook in the prior quarter amid subscriber growth in its streaming services. 

Novo Nordisk’s (NVO) expected Wednesday report comes after the Danish drugmaker lowered its full-year outlook amid declining sales of its weight-loss drugs Ozempic and Wegovy. Eli Lilly’s (LLY) report set for Thursday follows cuts to its profit outlook in May against the backdrop of high research and development costs.

Trade Data, Fed Speakers Highlight Economic Calendar

U.S. trade deficit data, due Tuesday, will provide market watchers with more insight into how President Donald Trump’s tariff policies are affecting international trade. The data comes as the gap between imports and exports is narrowing as the tariffs take hold.

Areport on second-quarter productivity comes as market watchers look for the impact of AI on the workforce. Updated consumer credit data will be released as economists closely watch the health of the U.S. consumer. Meanwhile, investors will also be alert to weekly jobless claims on Thursday following last week’s employment report. 

After two members of the Federal Open Market Committee (FOMC) voted last week to cut interest rates, investors will be tracking public comments from San Francisco Fed President Mary Daly, Atlanta Fed President Raphael Bostic, and St. Louis Fed President Alberto Musalem for more insight into what’s next for the central bank.

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This Week’s Calendar

Monday, Aug. 4

• Data to Watch: Factory orders (June)
• Key Earnings: Palantir, Vertex Pharmaceuticals (VRTX), Williams Cos. (WMB), Axon Enterprise (AXON)

Tuesday, Aug. 5

• U.S. trade deficit (June)
• Key Earnings: Advanced Micro Devices, Caterpillar (CAT), Amgen, Eaton Corp. (ETN), Arista Networks (ANET), Pfizer, BP (BP)
• More Data to Watch: S&P final U.S. services PMI (July), ISM services PMI (July)

Wednesday, Aug. 6

• Fed Representative Speaking: San Francisco Fed President Daly
• Key Earnings: Novo Nordisk, McDonald’s, Walt Disney, Uber Technologies, Shopify (SHOP), Sony Group (SONY), Applovin (APP), DoorDash, Airbnb

Thursday, Aug. 7

• Initial jobless claims (Week ending Aug. 2)
• Fed Representative Speaking: Atlanta Fed President Bostic
• Key Earnings: Eli Lilly, Gilead Sciences (GILD), ConocoPhillips (COP), Constellation Energy (CEG), Motorola Solutions (MSI), Monster Beverage (MNST)
• More Data to Watch: U.S productivity (Q2), Wholesale inventories (June), Consumer credit (June)

Friday, Aug. 8

• Fed Representative Speaking: St. Louis Fed President Musalem

One More Thing

The cost of health care for retirees keeps climbing, but many people aren’t planning accordingly or using resources available to cut these expenses.  Investopedia’s Elizabeth Guevara has more on that story here.