Here is what you need to know on Thursday, July 22:
Stock markets are in a calm mood ahead of the open on Thursday as the whipsaw of the last few sessions looks to have parted for calmer seas. So it begins for financial stocks who had their dividend restrictions lifted recently, with Bank of America upping its dividend to a 2% yield now. Take that 10-year. Most other bank stocks are expected to follow suit. Airlines are back in the grove as Southwest (LUV) and American (AA) both showed strong gains in revenue as travel demand roars back.
DIDI deja vu is back and again for the wrong reasons as Bloomberg reports that China is considering an unprecedented fine. (see more).
Jobless claims posted a surprise rise on Thursday while over in Europe the ECB as expected left rates unchanged and said inflation is not to be worried about.
European markets are mixed, the FTSE is -0.4% while the Dax is +0.6% and Eurostoxx +0.4%.
US futures are all largely flat.
Wall Street top news
US Jobless claims rise to 419k.
ECB leaves rates unchanged.
Southwest Airlines(LUV) Earnings per Share (EPS) misses but revenue beats.
American Airlines (AA) beats on EPS and revenue.
AT&T (T) beats on EPS and revenue.
Crocs (CROX) beats on EPS and revenue.
Intel (INTC), Twitter (TWTR) and SNAP report earnings after the close.
Netgear (NTGR) results disappointed with lower sales and revenue than forecast.
Unilever (UL) cautioned on inflation and rising commodity costs, lets see how many companies mention this in their earnings reports.
Chevron (CVX) was upgraded by Redburn but downgraded by HSBC.
Airbnb (ABNB) upgraded by BTIG.
Texas Instruments (TXN) earnings disappoint, stock down 5% premarket.
Williams Sonoma (WSM) downgraded by Goldman Sachs.
Domino’s (DPZ) beats on EPS and revenue.
Upgrades, downgrades, premarket and results
Source: Benzinga Pro
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