US Earnings

US banks will report Q2 earnings, starting with Citi on Tuesday, investors will be watching for data on credit loss estimates. The financial sector is expected to see a more than 52% decline in profits, according to Refinitiv.

Earnings for the S&P 500 are expected to decline by 44%, the worst drop since the fourth quarter of 2008, when profits fell 67%.

July 13 PepsiCo.

July 14 Citigroup, JPMorgan Chase and Wells Fargo.

July 15 Goldman Sachs, U.S. Bancorp and Alcoa.

July 16 Abbott Labs, Johnson & Johnson, Bank of America, Morgan Stanley and Netflix.

July 17 BlackRock.

SPDR S&P Global Dividend Fund

SPDR S&P GLOBAL DIVIDEND is a holding in our “ASX All ETF” model portfolio.

We see value at the current $15 price range.

The S&P Global Dividend Aristocrats is designed to measure the performance of high dividend yielding companies within the
S&P Global Broad Market Index (BMI) that have followed a policy of increasing or stable dividends for at least 10 consecutive years.

Bega Cheese

Bega Cheese remains under Algo Engine buy conditions and we highlight the recent higher low formed during last week’s trading.

Technically, we need to see $4.60 hold and the short-term momentum indicators to remain positive.

CSL – Buy

CSL is under Algo Engine buy conditions and remains one of the best-performing stocks in our ASX model portfolios.

The technical indicators show the recent higher low formation with support at $280 and again at $275.