UK Banks and Tech Giants headline a mega week of earnings w/c 24/07/17

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A not-to-be-missed week features a dizzying volume of corporate earnings, including results from over a quarter of the FTSE 100’s companies and it’s the busiest week of the United States’ second quarter earnings season.

Notable for TD Direct Investing customers, as highlighted in our recent Investment Outlook, is that five of their most bought UK stocks in Q2 2017, and four from the top ten US list, announce results; Lloyds, Glencore, Royal Dutch Shell, Barclays and BT Group, Google, Advanced Micro Devices, Facebook and Amazon.

On the macro-front after the ECB, as expected, kept its key interest rates unchanged for an eleventh consecutive policy session yesterday (Thursday 20 July), focus shifts to the US. Central bank policy makers announce the latest Federal Reserve interest rate decision at 7pm on Wednesday 26th July.

FTSE 100

Mon 24th Jul: Half year results from health, hygiene and home products firm Reckitt Benckiser Group (RB.), who announced on Wednesday (19 July) it has agreed to sell its Food business for $4.2 billion, kicks the week off.

Tue 25th Jul: Speciality chemicals company Croda (CRDA) and real estate investment trust Segro (SGRO) announce interim results.

Wed 26th Jul: Volumes ramp up on Wednesday, with half year results from broadcaster ITV (ITV), drug giant GlaxoSmithKline (GSK), private equity house 3i Group (III), Mexico-based gold miner Fresnillo (FRES), real estate investment trust Hammerson (HMSO), engineering firm GKN (GKN), accounting and payments company Sage Group (SGE), Chilean copper miner Antofagasta (ANTO) and catering and support services firm Compass Group (CPG).

Thu 27th Jul: Super Thursday’s agenda includes in alphabetical order quarterly results from Anglo American (AAL), AstraZeneca (AZN), British American Tobacco (BATS), Glencore (GLEN), Lloyds Banking Group (LLOY), RELX (REL), Royal Dutch Shell (RDSB/RDSA), Schroders (SDR), Sky (SKY), Smith & Nephew (SN.) and St James's Place (STJ). Drinks giant Diageo (DGE) also announces its full year results.

Fri 28th Jul: There’s no let up on Friday, with Barclays (BARC) and British Airways owner International Consolidated Airlines Group (IAG) posting half year numbers, and BT Group (BT.A) announcing its Q1 results.

For investors looking for dividend income, energy company SSE plc (SSE) is the sole FTSE 100 constituent going ex-dividend on Thursday 27th July. See below for more details.

Mid & Small Cap stocks reporting

For the full run down of stocks expecting to share earnings and trading statements in the next 7 days, check the most recent list free online, with our news feed.

Names to watch out for include:

Mon 24th Jul: Interim statements from software and services firm Microgen (MCGN), B2B information company Ascential (ASCL) and LED lighting technology company Dialight (DIA). Food producer Cranswick (CWK) announces a Quarter 1 trading statement.

Tue 25th Jul: UK consumer products company PZ Cussons (PZC) and wargaming miniature manufacturer Games Workshop (GAW) release full year numbers. Half year results are expected from premium tonic water maker Fevertree Drinks (FEVR), pizza delivery company Domino's Pizza Group (DOM), retail bank Virgin Money (VM.) and retailer McColl's (MCLS). Support services company Restore (RST) also gives a trading statement.

Wed 26th Jul: Clothing and accessories retailer Joules (JOUL) releases its results for the full year. Jupiter Fund Management (JUP) and oil and gas company Tullow Oil (TLW) who both received broker upgrades this week, share their respective interim results.

Thu 27th Jul: Shopping centre owner intu Properties (INTU), engineering firm Renishaw (RSW), miner KAZ Minerals (KAZ) and online takeaway delivery company Just Eat (JE.) release 2017 interim results. Bookmaker Ladbrokes Coral (LCL), soft drinks giant Britvic (BVIC) and security software firm Sophos (SOPH) each give trading updates.  

Fri 28th Jul: Online property portal Rightmove (RMV) and specialist engineering company IMI (IMI) release half year results.

Remember TDDI’s free daily email service can also help you stay on top of market news throughout the working week; Find out more and sign up here. You can also follow us via Twitter: @TDTrader_UK.

UK Dividends Calendar

Thursday is the key day that LSE-listed companies trade without entitlement to the latest dividend pay-out. Looking ahead to 27th July, from the full list the ten stocks most held by TD Direct Investing customers that go ex-dividend are shown in the table below, including the dividend amount, which is likely to be reflected in the share price on the day, and the payment date.

Name

Stock Code

Market

Dividend

Payment Date

SSE

SSE

FTSE 100

63.9p

22-Sep

City of London Investment Trust

CTY

FTSE 250

4.3p

31-Aug

Investec

INVP

FTSE 250

13p

14-Aug

Fenner

FENR

FTSE SmallCap

1.4p

07-Sep

CQS New City High Yield Fund

NCYF

FTSE SmallCap

1.45p

31-Aug

City Natural Resources High Yield Trust

CYN

FTSE Fledgling

3.02p

31-Aug

Schroder Oriental Income Fund

SOI

FTSE SmallCap

1.7p

11-Aug

Porvair

PRV

FTSE SmallCap

1.5p

01-Sep

Somero Enterprises

SOM

AIM

$0.133

14-Aug

Nichols

NICL

AIM

10.1p

25-Aug

Source: RNS

 

US Markets

Second-quarter earnings season goes super-size next week and results so far have been a positive rather than negative catalyst for stock prices. Netflix’s report on Monday 17 July was the first from the so-called FAANG grouping and its share price jumped 14% after subscriber numbers smashed forecasts. Three more of the group - Facebook (FB), Amazon.com (AMZN) and Alphabet (GOOG) – report in the week ahead.

The list of large capped companies reporting Monday through Friday includes:

Monday 24 July

  • Alphabet Inc. (GOOG / GOOGL)

Tuesday 25 July

  • AT&T Inc. (T)
  • Amgen Inc. (AMGN)
  • McDonald's Corporation (MCD)
  • 3M Company (MMM)
  • E.I. du Pont de Nemours and Company (DD)
  • Caterpillar, Inc. (CAT)
  • General Motors Company (GM)
  • Advanced Micro Devices, Inc. (AMD)

Wednesday 26 July

  • Facebook, Inc. (FB)
  • Coca-Cola Company (The) (KO)
  • Boeing Company (The) (BA)
  • Gilead Sciences, Inc. (GILD)
  • PayPal Holdings, Inc. (PYPL)
  • Ford Motor Company (F)

Thursday 27 July

  • Amazon.com, Inc. (AMZN)
  • Verizon Communications Inc. (VZ)
  • Intel Corporation (INTC)
  • Mastercard Incorporated (MA)
  • Celgene Corporation (CELG)
  • Starbucks Corporation (SBUX)
  • Baidu, Inc. (BIDU)
  • ConocoPhillips (COP)
  • Automatic Data Processing, Inc. (ADP)
  • Dr Pepper Snapple Group, Inc (DPS)
  • Twitter, Inc. (TWTR)

Friday, 28 July

  • Exxon Mobil Corporation (XOM)
  • Chevron Corporation (CVX)
  • Merck & Company, Inc. (MRK)
  • Credit Suisse Group (CS)
  • American Airlines Group, Inc. (AAL)

Source: nasdaq.com

Find out more about US & International Share Trading with TD Direct Investing.

UK Banks and Tech Giants headline a mega week of earnings w/c 24/07/17
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