$MC (-1,54%)
$JPM (-1,37%)
$GS (-1,41%)
$C (-1,53%)
$UNH (-1,51%)
$JNJ (-1,38%)
$DPZ (+0%)
$WFC (-0,42%)
$ASML (+0,71%)
$BAC (-0,75%)
$BLK (-1,38%)
$MS (-2,1%)
$STT (+0,1%)
$TSM (+1,57%)
$IBKR (-1,68%)
$SU (-2,1%)

$GS (-1,41%)
$MC (-1,54%)
$BLK (-1,38%)
$JPM (-1,37%)
$JNJ (-1,38%)
$TNIE (+2,65%)
$WFC (-0,42%)
$C (-1,53%)
$KER (-8,53%)
$BAC (-0,75%)
$MS (-2,1%)
$ASML (+0,71%)
$JBHT (-1,85%)
$2330
$JKS (+3,3%)
$PEP (-2,11%)
$PNG (-1,89%)
$NFLX (-1,61%)
$STT (+0,1%)

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

what do you think? 📉📈

$FAST (-0,55%)
$GS (-1,41%)
$BLK (-1,38%)
$C (-1,53%)
$JPM (-1,37%)
$ASML (+0,71%)
$MS (-2,1%)
$PGR (-0,59%)
$BAC (-0,75%)
$2330
$SCHW (-0,99%)
$ABT (+1,7%)
$PLD (-0,11%)
$PEP (-2,11%)
$NFLX (-1,61%)
$AA (-1,65%)
$TRV (-1,25%)
$BMI (+1,62%)
$ALLY (+0,17%)
$STT (+0,1%)

$JPM (-1,37%)
$BAC (-0,75%)
$WFC (-0,42%)
$C (-1,53%)
$TSM (+1,57%)
$BLK (-1,38%)
$MS (-2,1%)
$GS (-1,41%)
$JBHT (-1,85%)
$STT (+0,1%)

$ERIC A (+3,01%)
$DPZ (+0%)
$JNJ (-1,38%)
$JPM (-1,37%)
$WFC (-0,42%)
$BLK (-1,38%)
$GS (-1,41%)
$C (-1,53%)
$MC (-1,54%)
$ASML (+0,71%)
$BAC (-0,75%)
$MS (-2,1%)
$JBHT (-1,85%)
$EQT (+1,77%)
$SRT (+3,11%)
$NESNE
$TSM (+1,57%)
$ABBN (-1,88%)
$UAL (-3,75%)
$TOM (+2,94%)
$VOLV B (-2,87%)
$AXP (-3,68%)
$SLBG34
$STT (+0,1%)

For all those who cannot immediately classify the name: State Street $STT (+0,1%) 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 (-1,54%) and $STT (+0,1%) have launched the SPDR SSGA Apollo IG Public & Private Credit ETF ($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 ($GS (-1,41%) ), BlackRock ($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 ($UNH (-1,51%)), Bank of America ($BAC (-0,75%)), Morgan Stanley ($MS (-2,1%)), Charles Schwab ($SCHW (-0,99%)), PNC Financial ($PNC (+0%)), State Street ($STT (+0,1%)) and J.B. Hunt Transport ($JBHT (-1,85%))
• 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 ($JNJ (-1,38%)), US Bancorp ($USB (-0,6%)), Kinder Morgan ($KMI (+2,33%)) and Discover Financial Services ($DFS)

Thursday:

• Publication of the weekly Jobless Claims (until July 13)
• Publication of of the Philadelphia Fed Manufacturing Index (June)
• Quarterly results from TSMC ($TSM (+1,57%)), Netflix ($NFLX (-1,61%)), Novartis ($NVS (-3,58%)), Abbott ($ABT (+1,7%)), United Airlines ($UAL (-3,75%)) and Intuitive Surgical ($ISRG (+2,41%))
• ⚠️Abschluss of the Republican National Convention with speeches by Donald Trump (not sure)⚠️

Friday:

• Quarterly results from American Express ($AXP (-3,68%)), Travelers Cos. ($TRV (-1,25%)), Halliburton ($HAL (+5,8%)), Fifth Third Bancorp ($FITB (-0,32%)), Huntington Bancshares ($HBAN (+0,16%)) and Regions Financial ($RF (-0,12%))
• 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 ($WDFC (+1,33%) ) and Tilray Brands ($TLRY (-3,44%) ).

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 ($DAL (-3,14%) ) and Applied Digital ($APLD (-2,77%) ).

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 ($STZ (-0,4%) ), Fastenal ($FAST (-0,55%) ) and CarMax ($KMX (-2,54%) ).

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 ($JPM (-1,37%) ), Wells Fargo ($WFC (-0,42%) ), BlackRock ($BLK ), Citigroup ($C (-1,53%) ), State Street ($STT (+0,1%) ) and Progressive ($PGR (-0,59%) ).

EUROPEAN MARKET🇪🇺

Monday

• Publication of Industrial Production Index🇪🇺

Tuesday

• ZEW Economic Sentiment🇩🇪 will be published
• Quarterly reports from Ericsson ($ERIC A (+3,01%) )🇸🇪, Beiersdorf AG ($BEI (+1,65%) )🇩🇪, Sika ($SIKA (-1,4%) )🇨🇭, Rio Tinto PLC ($RIO (-0,27%) )🇬🇧

Wednesday

• Release of CPI data🇪🇺
• Quarterly reports from Hays ($HAS (+2,81%) )🇬🇧, Petershill Partners ($PHLL )🇬🇧, Just Eat Takeaway ($TKWY )🇬🇧, Entain ($ENT (-0,96%) )🇬🇧, La Francaise ($FDJ (+1,47%) )🇫🇷, Legal & General ($LGEN (+1,12%) ), Tryg ($TRYG (+1,19%) )🇩🇰, BHP Group Ltd ($BHP (+1,27%) )🇬🇧, ASML Holding ($ASML (+0,71%) )🇳🇱Volvo B ($VOLV B (-2,87%) )🇸🇪, Severstal ($CHMF )🇷🇺

thursday

• Publication of Construction Output🇪🇺
• Quarterly reports from Danone ($BN (-0,03%) )🇫🇷, Nokia Oyj ($NOKIA (+0,34%) )🇫🇮, Tele2 AB ($TEL2 B (-0,17%) )🇸🇪