For the week starting July 18, 2022, IBM IBM (IBM) reports quarterly results. IBM is up 4.7% YTD, beating
the Nasdaq’s 26.6% loss. Income investors should consider IBM stock.
On Tuesday, Netflix (NFLX) will post results that include subscriber changes. It needs to report slowing
subscriber loss. Otherwise, investors may abandon the streaming giant.
On Wednesday, Tesla (TSLA) will report results after the market closes. Deliveries and profits are
secondary. CEO Elon Musk is stuck with legally buying Twitter (TWTR).
On Thursday, income investors should watch AT&T (T). After it spun off Warner Bros. Discovery, its
media unit, T stock performed well. WBD holds significant debt while AT&T distributes its cash flow
through dividends.
Often unnoticed is Domino’s Pizza (DPZ), which reports on Thursday before the market opens. The firm
manages its business at the neighborhood level. It restaurant takeout business typically fares well
compared to the competition.
On Friday, NextEra Energy, Cleveland-Cliffs (CLF), and Schlumberger (SLB) will post results. After profit
taking and worries about lower commodity prices, these firms need to post strong results. More
importantly, the companies need to issue a strong outlook for the rest of the year. They might suggest
that recessionary risks are lower than the market thinks. Inflation will persist while economic activities
increase.
