$MC (-0,06%)
$JPM (+0,52%)
$GS (-0,61%)
$C (+0,22%)
$UNH (-0,36%)
$JNJ (+1,24%)
$DPZ (+3,32%)
$WFC (+0,29%)
$ASML (-1,63%)
$BAC (+0,51%)
$BLK (+0,82%)
$MS (-0,01%)
$STT (-0,83%)
$TSM (-3,58%)
$IBKR (-1,13%)
$SU (+0,32%)

$GS (-0,61%)
$MC (-0,06%)
$BLK (+0,82%)
$JPM (+0,52%)
$JNJ (+1,24%)
$TNIE (-0,67%)
$WFC (+0,29%)
$C (+0,22%)
$KER (-2,17%)
$BAC (+0,51%)
$MS (-0,01%)
$ASML (-1,63%)
$JBHT (+1,56%)
$2330
$JKS (-2,68%)
$PEP (+0,65%)
$PNG (-3,07%)
$NFLX (-1,87%)
$STT (-0,83%)

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

what do you think? 📉📈

$FAST (-0,29%)
$GS (-0,61%)
$BLK (+0,82%)
$C (+0,22%)
$JPM (+0,52%)
$ASML (-1,63%)
$MS (-0,01%)
$PGR (+0,47%)
$BAC (+0,51%)
$2330
$SCHW (+0,78%)
$ABT (+1,75%)
$PLD (-0,13%)
$PEP (+0,65%)
$NFLX (-1,87%)
$AA (-2,97%)
$TRV (+0,11%)
$BMI (+1,55%)
$ALLY (+1,05%)
$STT (-0,83%)

$JPM (+0,52%)
$BAC (+0,51%)
$WFC (+0,29%)
$C (+0,22%)
$TSM (-3,58%)
$BLK (+0,82%)
$MS (-0,01%)
$GS (-0,61%)
$JBHT (+1,56%)
$STT (-0,83%)

$ERIC A (-0,05%)
$DPZ (+3,32%)
$JNJ (+1,24%)
$JPM (+0,52%)
$WFC (+0,29%)
$BLK (+0,82%)
$GS (-0,61%)
$C (+0,22%)
$MC (-0,06%)
$ASML (-1,63%)
$BAC (+0,51%)
$MS (-0,01%)
$JBHT (+1,56%)
$EQT (-0,42%)
$SRT (+0,11%)
$NESNE
$TSM (-3,58%)
$ABBN (-0,46%)
$UAL (+0%)
$TOM (-0,54%)
$VOLV B (-0,17%)
$AXP (+0,8%)
$SLBG34
$STT (-0,83%)

For all those who cannot immediately classify the name: State Street $STT (-0,83%) 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 (+1,48%) and $STT (-0,83%) have launched the SPDR SSGA Apollo IG Public & Private Credit ETF ($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 ($GS (-0,61%) ), BlackRock ($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 ($UNH (-0,36%)), Bank of America ($BAC (+0,51%)), Morgan Stanley ($MS (-0,01%)), Charles Schwab ($SCHW (+0,78%)), PNC Financial ($PNC (+0,96%)), State Street ($STT (-0,83%)) and J.B. Hunt Transport ($JBHT (+1,56%))
• 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 ($JNJ (+1,24%)), US Bancorp ($USB (+0,36%)), Kinder Morgan ($KMI (-0,84%)) and Discover Financial Services ($DFS)

Thursday:

• Publication of the weekly Jobless Claims (until July 13)
• Publication of of the Philadelphia Fed Manufacturing Index (June)
• Quarterly results from TSMC ($TSM (-3,58%)), Netflix ($NFLX (-1,87%)), Novartis ($NVS (+0%)), Abbott ($ABT (+1,75%)), United Airlines ($UAL (+0%)) and Intuitive Surgical ($ISRG (+0,68%))
• ⚠️Abschluss of the Republican National Convention with speeches by Donald Trump (not sure)⚠️

Friday:

• Quarterly results from American Express ($AXP (+0,8%)), Travelers Cos. ($TRV (+0,11%)), Halliburton ($HAL (+2,11%)), Fifth Third Bancorp ($FITB (+0,76%)), Huntington Bancshares ($HBAN (+0,44%)) and Regions Financial ($RF (+0,75%))
• 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 ($WDFC (+2,11%) ) and Tilray Brands ($TLRY (-2,42%) ).

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 ($DAL (-0,03%) ) and Applied Digital ($APLD (-9,95%) ).

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 ($STZ (+1,15%) ), Fastenal ($FAST (-0,29%) ) and CarMax ($KMX (-0,36%) ).

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 ($JPM (+0,52%) ), Wells Fargo ($WFC (+0,29%) ), BlackRock ($BLK ), Citigroup ($C (+0,22%) ), State Street ($STT (-0,83%) ) and Progressive ($PGR (+0,47%) ).

EUROPEAN MARKET🇪🇺

Monday

• Publication of Industrial Production Index🇪🇺

Tuesday

• ZEW Economic Sentiment🇩🇪 will be published
• Quarterly reports from Ericsson ($ERIC A (-0,05%) )🇸🇪, Beiersdorf AG ($BEI (+0,49%) )🇩🇪, Sika ($SIKA (-0,93%) )🇨🇭, Rio Tinto PLC ($RIO (-0,28%) )🇬🇧

Wednesday

• Release of CPI data🇪🇺
• Quarterly reports from Hays ($HAS (-3,53%) )🇬🇧, Petershill Partners ($PHLL )🇬🇧, Just Eat Takeaway ($TKWY )🇬🇧, Entain ($ENT (+0,3%) )🇬🇧, La Francaise ($FDJ (+0,58%) )🇫🇷, Legal & General ($LGEN (+1,56%) ), Tryg ($TRYG (+2,14%) )🇩🇰, BHP Group Ltd ($BHP (-1,12%) )🇬🇧, ASML Holding ($ASML (-1,63%) )🇳🇱Volvo B ($VOLV B (-0,17%) )🇸🇪, Severstal ($CHMF )🇷🇺

thursday

• Publication of Construction Output🇪🇺
• Quarterly reports from Danone ($BN (+1,63%) )🇫🇷, Nokia Oyj ($NOKIA (-3,92%) )🇫🇮, Tele2 AB ($TEL2 B (+0,91%) )🇸🇪