$MC (+0,48%)
$JPM (-1,88%)
$GS (-3,01%)
$C (-2,48%)
$UNH (-1,54%)
$JNJ (-0,94%)
$DPZ (+1,44%)
$WFC (-1,93%)
$ASML (-4,98%)
$BAC (-2,25%)
$BLK (-2,1%)
$MS (-3,37%)
$STT (-2,14%)
$TSM (-3,38%)
$IBKR (-4,23%)
$SU (-3,37%)

$GS (-3,01%)
$MC (+0,48%)
$BLK (-2,1%)
$JPM (-1,88%)
$JNJ (-0,94%)
$TNIE (+1,18%)
$WFC (-1,93%)
$C (-2,48%)
$KER (+1,89%)
$BAC (-2,25%)
$MS (-3,37%)
$ASML (-4,98%)
$JBHT (+0,3%)
$2330
$JKS (+6,59%)
$PEP (+1,38%)
$PNG (-0,91%)
$NFLX (-0,33%)
$STT (-2,14%)

Let's see what this earnings season has to offer 😁🧐

what do you think? 📉📈

$FAST (-3,45%)
$GS (-3,01%)
$BLK (-2,1%)
$C (-2,48%)
$JPM (-1,88%)
$ASML (-4,98%)
$MS (-3,37%)
$PGR (-0,02%)
$BAC (-2,25%)
$2330
$SCHW (-1,34%)
$ABT (+1,32%)
$PLD (+0,13%)
$PEP (+1,38%)
$NFLX (-0,33%)
$AA (-1,73%)
$TRV (-0,65%)
$BMI (+0,95%)
$ALLY (-3,07%)
$STT (-2,14%)

$JPM (-1,88%)
$BAC (-2,25%)
$WFC (-1,93%)
$C (-2,48%)
$TSM (-3,38%)
$BLK (-2,1%)
$MS (-3,37%)
$GS (-3,01%)
$JBHT (+0,3%)
$STT (-2,14%)

$ERIC A (-0,84%)
$DPZ (+1,44%)
$JNJ (-0,94%)
$JPM (-1,88%)
$WFC (-1,93%)
$BLK (-2,1%)
$GS (-3,01%)
$C (-2,48%)
$MC (+0,48%)
$ASML (-4,98%)
$BAC (-2,25%)
$MS (-3,37%)
$JBHT (+0,3%)
$EQT (+1,14%)
$SRT (-3,82%)
$NESNE
$TSM (-3,38%)
$ABBN (-3,32%)
$UAL (-0,75%)
$TOM (+0%)
$VOLV B (-0,34%)
$AXP (-1,26%)
$SLBG34
$STT (-2,14%)

For all those who cannot immediately classify the name: State Street $STT (-2,14%) is one of the largest asset managers in the world, manages around USD 4 trillion in assets and is the issuer of the well-known SPD ETFs (pronounced SPIDER) - including probably the most famous ETF in the world: SPDR S&P 500 ETF (SPY).

Why buy now?

Dividend: approx. 3.5%, solid distribution history.

Valuation: P/E ratio currently below the industry average - no hype, but substance.

Business model: Earns from fees for the management of ETFs and funds - i.e. they profit from the steady flow of capital into passive investments, regardless of whether there is a bull or bear market.

Stability: Has been on the market for over 200 years, surviving every financial crisis and still standing.

To me, this is an investment in the infrastructure of the financial world - like a toll road operator on Wall Street. The SPDR ETFs keep rolling, and State Street collects the toll. I plan to hold the position long term plus add to ongoing,

and benefit from dividends + price appreciation."

$APO (-2,19%) and $STT (-2,14%) have launched the SPDR SSGA Apollo IG Public & Private Credit ETF ($US78470P6227 ). The ETF invests at least 80% of its portfolio in investment grade bonds, including public and private credit, and may hold up to 35% in private securities.

• 0.70% management fee

• Apollo provides liquidity through repurchases of private credit, but with daily limits

• The SEC allows up to 35% illiquid investments instead of the usual 15%

https://www.ssga.com/us/en/intermediary/etfs/spdr-ssga-apollo-ig-public-private-credit-etf-priv

The week will be pure entertainment.

Monday:

• Release of the Empire State Manufacturing Index (July)
• Start of the Republican National Convention
• Statements by FED Chair Jerome Powell and San Francisco
  Fed President Mary C. Daly
• Quarterly results from Goldman Sachs ($GS (-3,01%) ), BlackRock ($BLK ) and Servis1st Bancshares ($SFBS )

Tuesday:

• Start of the ⚠️Amazon Prime Day⚠️
• Continuation of the Republican National Convention
• Publication of retail sales (June), business inventories (May), import/export prices (June) and the real estate market index (July)
• Quarterly results from UnitedHealth ($UNH (-1,54%)), Bank of America ($BAC (-2,25%)), Morgan Stanley ($MS (-3,37%)), Charles Schwab ($SCHW (-1,34%)), PNC Financial ($PNC (-2,87%)), State Street ($STT (-2,14%)) and J.B. Hunt Transport ($JBHT (+0,3%))
• Statements by FED Governor Adriana Kugler

Wednesday:

• End of of the ⚠️Amazon Prime Day⚠️
• Continuation of the Republican National Convention
• Publication of housing data (June) and industrial production (June)
• Publication of the FED Beige Book
• Quarterly results from Johnson & Johnson ($JNJ (-0,94%)), US Bancorp ($USB (-2,33%)), Kinder Morgan ($KMI (-0,26%)) and Discover Financial Services ($DFS)

Thursday:

• Publication of the weekly Jobless Claims (until July 13)
• Publication of of the Philadelphia Fed Manufacturing Index (June)
• Quarterly results from TSMC ($TSM (-3,38%)), Netflix ($NFLX (-0,33%)), Novartis ($NVS (+0%)), Abbott ($ABT (+1,32%)), United Airlines ($UAL (-0,75%)) and Intuitive Surgical ($ISRG (-3,88%))
• ⚠️Abschluss of the Republican National Convention with speeches by Donald Trump (not sure)⚠️

Friday:

• Quarterly results from American Express ($AXP (-1,26%)), Travelers Cos. ($TRV (-0,65%)), Halliburton ($HAL (+0,02%)), Fifth Third Bancorp ($FITB (-1,05%)), Huntington Bancshares ($HBAN (-0,49%)) and Regions Financial ($RF (-1,35%))
• Statements from New York
  FED President
  John C. Williams and Atlanta Federal Reserve President Raphael Bostic

The market overview for 🇺🇸 & 🇪🇺:

US MARKET🇺🇸

Monday

• PACS Group ($PACS) and UL Solutions ($ULS) have potential IPOs.
• Neel KashkariPresident of the Minneapolis Fed, delivers remarks.

Tuesday

• Release of the NFIB Small Business Optimism Index (March).
• Quarterly reports from WD-40 ($WDFC (+0,71%) ) and Tilray Brands ($TLRY (-3,83%) ).

Wednesday

• Publication of the consumer price index (March).
• Publication of the wholesale stocks (March).
• Publication of the minutes of the March meeting of the Federal Open Market Committee (FOMC).
• Publication of the monthly federal budget of the USA (March).
• Speeches by Austan GoolsbeePresident of the Chicago Fed.
• Quarterly reports from Delta Air Lines ($DAL (-1,35%) ) and Applied Digital ($APLD (-5,33%) ).

Thursday

• Publication of the initial applications for unemployment benefits (April 5).
• Publication of the producer price index (March).
• Speeches by John C. WilliamsPresident of the New York Fed, and Raphael BosticPresident of the Atlanta Fed.
• Quarterly reports from Constellation Brands ($STZ (+3,85%) ), Fastenal ($FAST (-3,45%) ) and CarMax ($KMX (-0,9%) ).

Friday

• Publication of the preliminary Michigan Consumer Sentiment Index (April).
• Speeches by Raphael Bostic, President of the Atlanta Fed, and Mary C. DalyPresident of the San Francisco Fed.
• Quarterly reports from JPMorgan Chase ($JPM (-1,88%) ), Wells Fargo ($WFC (-1,93%) ), BlackRock ($BLK ), Citigroup ($C (-2,48%) ), State Street ($STT (-2,14%) ) and Progressive ($PGR (-0,02%) ).

EUROPEAN MARKET🇪🇺

Monday

• Publication of Industrial Production Index🇪🇺

Tuesday

• ZEW Economic Sentiment🇩🇪 will be published
• Quarterly reports from Ericsson ($ERIC A (-0,84%) )🇸🇪, Beiersdorf AG ($BEI (+1,86%) )🇩🇪, Sika ($SIKA (+1,14%) )🇨🇭, Rio Tinto PLC ($RIO (-1,68%) )🇬🇧

Wednesday

• Release of CPI data🇪🇺
• Quarterly reports from Hays ($HAS (+0,35%) )🇬🇧, Petershill Partners ($PHLL )🇬🇧, Just Eat Takeaway ($TKWY )🇬🇧, Entain ($ENT (+0,58%) )🇬🇧, La Francaise ($FDJ (+2,3%) )🇫🇷, Legal & General ($LGEN (+0,45%) ), Tryg ($TRYG (+0,28%) )🇩🇰, BHP Group Ltd ($BHP (-2,41%) )🇬🇧, ASML Holding ($ASML (-4,98%) )🇳🇱Volvo B ($VOLV B (-0,34%) )🇸🇪, Severstal ($CHMF )🇷🇺

thursday

• Publication of Construction Output🇪🇺
• Quarterly reports from Danone ($BN (+1,65%) )🇫🇷, Nokia Oyj ($NOKIA (-2,54%) )🇫🇮, Tele2 AB ($TEL2 B (+1,23%) )🇸🇪