The start of earnings season next week will put corporate performance and the strength of the artificial-intelligence trade in sharper focus. Major banks, semiconductor companies and key inflation releases will arrive as investors weigh volatile markets, elevated Treasury yields and higher oil prices.
Goldman Sachs, Wells Fargo, JPMorgan Chase and Citigroup report on Tuesday. Recent weakness in bank stocks could leave room for a rally if results exceed expectations. Goldman’s bond-issuance and trading businesses may offset slower deal-making, while Wells Fargo remains favored for its valuation.
The consumer price index arrives Wednesday, with attention on whether inflation is easing outside energy. ASML also reports, and stronger guidance or solid demand could support interest in Lam Research and Applied Materials. Bank of America, Morgan Stanley and BlackRock report the same day; Morgan Stanley’s wealth-management business is highlighted as a growth source beyond investment banking.
Thursday brings Taiwan Semiconductor Manufacturing’s results, along with the producer price index and retail-sales data. Strong semiconductor results could fuel a major rally, while the economic releases will provide fresh information on inflation and consumer spending. Charles Schwab also reports and holds an analyst meeting that could offer insight into the growing influence of individual investors.
Rising bond yields remain a central risk during the busy week. The earnings calendar will therefore be read alongside developments in oil prices and demand for government borrowing, rather than in isolation.