Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 23rd of July, with earnings season getting into full swing with the first of the magnificent 7 stocks reporting after the close today.
Here are some things to look out for today.

Sentiment
Stocks traded mixed as the focus shifted from US politics to a busy week for corporate earnings, with tech titans Tesla and Alphabet set to report later today.

Companies accounting for 29% of the S&P 500’s market value are expected to report this week, and investors are waiting to see if the rally in tech stocks that has lifted the benchmark this year can continue.

The yen rose for a second day after senior politicians urged the Bank of Japan to raise interest rates to combat currency weakness.
The dollar strengthened against all other G-10 currencies.

Docket
10:00 ET
US Existing Home Sales for June
Median Forecast: 3.99M | Prior: 4.11M | Range: 4.15M / 3.9M

Eurozone Consumer Confidence July Prelim
Median Forecast: -13.5 | Prior: -14 | Range:  -12 / -15.2

13:00 ET
US sells $69 bln 2-Year Notes

Earnings
16:00 ET
Alphabet Q2 2024 Earnings
Est. EPS: $1.81
Est. Revenue: $73.2B

16:05 ET
Visa Q3 2024 Earnings
Est. EPS: $2.43
Est. Revenue: $8.96B

16:10 ET
Tesla Q2 2024 Earnings
Est. EPS: 60c
Est. Revenue: $24.59B

Good luck!