This is going to be a loud week for the stock market. On Tuesday alone, investors get the June inflation report, five of the biggest U.S. banks reporting earnings, and new Federal Reserve Chair Kevin Warsh giving his first testimony to Congress. By Thursday, chipmaking giant Taiwan Semiconductor, health insurer UnitedHealth, and streaming leader Netflix will all have reported too.
Stocks are sitting near record highs going into all of this, and the market’s “fear gauge” (the VIX) is unusually calm. That combination — high prices, low fear, and a packed calendar — is exactly the kind of setup that can produce bigger-than-usual swings in either direction. Below, we break down what’s scheduled, why it matters, and the 10 U.S. stocks most likely to move this week.
Quick Answer: What to Watch This Week
Tuesday, July 14 is the week’s biggest day: June CPI (inflation) data, Fed Chair Kevin Warsh’s first congressional testimony, and earnings from JPMorgan, Goldman Sachs, Wells Fargo, Citigroup, and Bank of America all land within hours of each other. Wednesday brings AI-equipment maker ASML’s earnings, and Thursday brings Taiwan Semiconductor, UnitedHealth, and Netflix. The 10 stocks most likely to move this week are Nvidia, JPMorgan, Netflix, Taiwan Semiconductor, UnitedHealth, Meta, ASML, AMD, Tesla, and SpaceX — a mix of scheduled earnings reports and stocks caught up in this week’s biggest story, the rotation of money within the AI trade.
Why This Week Matters
Most weeks have one or two things worth watching. This week has five. The S&P 500 closed above 7,537 and the Nasdaq above 26,121 on July 6, after a blistering second quarter (the S&P 500 gained 14.9% and the Nasdaq gained 21.4% between April and June). The Dow Jones Industrial Average closed above 53,000 for the first time. Meanwhile, the VIX — a measure of how much volatility options traders expect — sat near 15 on July 10, close to its lowest levels of the year.
That’s an unusual combination. Markets near record highs with very low expected volatility means investors are, in a sense, betting that nothing will go wrong. This week tests that bet directly, because it stacks five genuinely important events on top of each other in the space of three trading days.
The biggest wildcard is the Federal Reserve. Kevin Warsh took over as Fed Chair on May 22, and he’s shifted the conversation from “when will the Fed cut rates” to “could the Fed actually raise rates again.” Futures markets are now pricing in a 60–75% probability of at least one rate hike by September, up sharply from around 58% just a few weeks ago. That’s a big deal for stocks, because higher interest rates make borrowing more expensive for companies and can make already-expensive stocks (especially fast-growing tech names) look less attractive by comparison.
- What is CPI, and why does it matter here?: The Consumer Price Index (CPI) measures how much prices for everyday goods and services have changed. Investors watch it closely because it’s one of the Fed’s key inputs for deciding whether to raise or lower interest rates. A hotter-than-expected CPI print on Tuesday could push the Fed further toward a hike; a cooler print could ease those worries.
It’s also worth knowing what kind of history Fed testimony has as a market-moving event, since expectations shape how investors react. The prepared remarks are usually released the morning of the hearing, so markets often price those in almost immediately — it’s the question-and-answer session with lawmakers that tends to matter more. Fed chairs have a track record of moving stocks sharply with a single offhand comment about the rate outlook during Q&A, even when the prepared testimony itself was fairly uneventful. That’s why traders typically watch the full hearing rather than just the opening statement, and why Warsh’s first appearance in the role carries more uncertainty than a routine, already-familiar chair would.
This Week’s U.S. Economic Calendar
Here are the economic events most likely to move markets between July 13 and July 17, 2026. All times are Eastern.
| Date | Time (ET) | Event | Importance | Why It Matters |
|---|---|---|---|---|
| Tue, Jul 14 | 8:30 AM | June CPI (inflation report) | Very High | The single biggest data point of the week; a hot core reading could accelerate rate-hike bets |
| Tue, Jul 14 | 10:00 AM | Fed Chair Kevin Warsh’s first congressional testimony | Very High | Any hint on September hike timing could move stocks, bonds, and the dollar in real time |
| Wed, Jul 15 | 8:30 AM | June PPI (wholesale inflation) | High | Confirms or contradicts the story told by Tuesday’s CPI print |
| Wed, Jul 15 | 8:30 AM | Empire State Manufacturing Survey | Medium | Early read on July factory activity in the New York region |
| Thu, Jul 16 | 8:30 AM | June Retail Sales | High | Health check on the U.S. consumer heading into the second half of the year |
| Thu, Jul 16 | 8:30 AM | Initial Jobless Claims | Medium-High | Weekly temperature check on the labor market after a soft June jobs report |
| Thu, Jul 16 | 8:30 AM | Philadelphia Fed Manufacturing Survey | Medium | A second regional read on manufacturing conditions |
| Fri, Jul 17 | 8:30 AM | Housing Starts & Building Permits | Medium | Tests how much ~6.3% mortgage rates are weighing on homebuilding |
| Fri, Jul 17 | 10:00 AM | University of Michigan Consumer Sentiment (Preliminary) | Medium-High | Watched closely for what consumers expect inflation to do next |
Also relevant: China releases June economic activity data this week, which will show whether a recent export surge (ahead of new U.S. tariffs) is starting to fade — a factor that can ripple into U.S. materials and industrial stocks.
This Week’s Earnings Calendar
Q2 2026 earnings season formally kicks off this week. Here’s who’s reporting and what Wall Street expects.
| Company (Ticker) | Date | Expected EPS | Expected Revenue | What to Watch |
|---|---|---|---|---|
| JPMorgan (JPM) | Tue, Jul 14 (AM) | ~$5.55–$5.62 | ~$48.7B–$49.5B | Estimates have been revised higher; sets the tone for banks |
| Goldman Sachs (GS) | Tue, Jul 14 (AM) | ~$13.95–$14.11 | Not fully disclosed | Trading and IPO-underwriting revenue strength |
| Wells Fargo (WFC) | Tue, Jul 14 (AM) | Estimates trending lower | Not fully disclosed | Net interest margin pressure is the key swing factor |
| Citigroup (C) | Tue, Jul 14 (AM) | ~$2.71 | ~$23.73B | Restructuring progress, trading revenue |
| Bank of America (BAC) | Tue, Jul 14 (AM) | ~$1.13 (+27% YoY) | ~$30.8B (+16% YoY) | Consistent recent beat trend |
| Morgan Stanley (MS) | Wed, Jul 15 (AM) | Not fully disclosed | Not fully disclosed | Wealth-management growth, deal-advisory fees |
| ASML (ASML) | Wed, Jul 15 (AM, Europe) | ~$7.98 (+75% YoY) | ~$10.3B equiv. | New equipment order bookings, a leading AI-capex signal |
| Johnson & Johnson (JNJ) | Wed, Jul 15 (AM) | ~$2.83–$2.86 | ~$25.02B | Pipeline and litigation commentary |
| Taiwan Semiconductor (TSM) | Thu, Jul 16 | ~$3.77 per ADR (+50%+ YoY) | ~$40B (+32% YoY) | The clearest global read on AI chip demand |
| UnitedHealth (UNH) | Thu, Jul 16 (AM) | ~$4.84 (+18.6% YoY) | ~$111B | 100% of analysts rate it a Buy heading in |
| Netflix (NFLX) | Thu, Jul 16 (after close) | ~$0.79 | ~$12.58B (+13.8% YoY) | Historically one of the most volatile earnings reactions on Wall Street |
Figures above are analyst consensus estimates as of the report date and are subject to revision before each company reports.
You’ll notice banks are always first out of the gate each earnings season, and that’s not a coincidence. Their fiscal quarters close on the same calendar as everyone else’s, but their books don’t depend on counting physical inventory or reconciling long supply chains the way a manufacturer or retailer’s do, so their accounting and audit processes simply wrap up faster. That head start is also why bank earnings get so much attention beyond just the banks themselves: their lending volumes, trading revenue, and credit-loss provisions touch nearly every corner of the economy, making JPMorgan and its peers a useful early read on how the rest of earnings season — and the broader economy — might play out.
The Top 10 U.S. Stocks to Watch This Week
We ranked these 10 stocks by how likely they are to see a significant price move this week — based on scheduled earnings, analyst activity, and how directly they’re tied into this week’s biggest storylines. This isn’t a list of the biggest companies; it’s a list of the companies with the clearest catalysts.
| # | Company (Ticker) | Trend | Confidence | Volatility | Primary Catalyst |
|---|---|---|---|---|---|
| 1 | Nvidia (NVDA) | Neutral/Bullish | 62% | High | AI-trade sentiment barometer ahead of ASML/TSMC results |
| 2 | JPMorgan (JPM) | Bullish | 74% | Medium-High | Q2 earnings Tue AM, kicks off bank season |
| 3 | Netflix (NFLX) | Bullish | 58% | High | Q2 earnings Thu after close |
| 4 | Taiwan Semi (TSM) | Bullish | 70% | High | Q2 earnings Thu; AI demand read |
| 5 | UnitedHealth (UNH) | Bullish | 80% | Medium-High | Q2 earnings Thu AM; 100% analyst Buy |
| 6 | Meta (META) | Bullish | 68% | High | New AI cloud business, Iris chip roadmap |
| 7 | ASML (ASML) | Bullish | 65% | High | Q2 earnings Wed AM; EUV order bookings |
| 8 | AMD (AMD) | Bullish | 72% | High | AI-trade leadership rotation, +153% YTD |
| 9 | Tesla (TSLA) | Neutral | 50% | High | Delivery beat vs. margin concerns |
| 10 | SpaceX (SPCX) | Mixed | 45% | Extreme | Post-IPO price discovery |
Track This Week’s Top 10 US Stocks in Real Time
JPMorgan and four other banks report Tuesday, TSMC and Netflix follow Thursday, and the AI trade keeps rotating between Nvidia and AMD — follow every move with free charts, watchlists, and price alerts.
Open Free Charts on TradingView →1. Nvidia (NVDA)
Nvidia doesn’t report earnings this week, but it’s still the stock everyone in the AI trade is watching. That’s because ASML’s and Taiwan Semiconductor’s results this week will tell investors a lot about whether AI-related spending is still accelerating — and Nvidia’s valuation depends heavily on that story staying intact.
- Bull case: Strong AI-capex commentary from ASML and TSMC, plus continued hyperscaler spending signals, could support a bounce from Nvidia’s roughly 16% pullback off its May high.
- Bear case: Weak guidance from chip-sector peers, or continued concern about Chinese competitor DeepSeek building its own AI chips, could keep pressuring the stock.
- Key risk: China export policy and rising competition from custom chips built by Nvidia’s own biggest customers.
2. JPMorgan Chase (JPM)
As the largest U.S. bank by assets, JPMorgan’s Tuesday morning earnings report effectively sets the tone for the entire financial sector — especially with four other major banks reporting the same morning.
- Bull case: Analyst estimates have been revised higher recently, and a strong dealmaking environment (including the record-breaking SpaceX IPO) could boost trading and underwriting revenue.
- Bear case: If management signals pressure on net interest income from a “higher for longer” rate path, or flags rising credit costs after a weak June jobs report, the stock could slip even on an otherwise decent quarter.
- Key risk: A hawkish CPI print or Fed testimony landing the same morning could overshadow a strong earnings report entirely.
3. Netflix (NFLX)
Netflix reports Thursday after the closing bell, and this is a name with a well-earned reputation for big post-earnings stock swings in either direction.
- Bull case: A revenue beat and encouraging commentary on ad-supported subscriber growth could push shares higher, especially since the company no longer reports raw subscriber counts, making other metrics more important.
- Bear case: Given how far the stock has run in 2026, even solid results paired with cautious guidance for the second half of the year could trigger a sell-off.
- Key risk: Content costs and competitive pressure from other streaming platforms.
4. Taiwan Semiconductor (TSM)
TSMC makes the chips that power nearly every major AI product on the market, which makes its Thursday earnings report one of the most important events of the week for the entire tech sector.
- Bull case: Management has already described AI chip demand as “extremely robust”; a beat-and-raise quarter would ease concerns about a slowdown in AI infrastructure spending.
- Bear case: Any hint of inventory buildup or slowing orders from big customers could reignite the chip-sector jitters seen in early June.
- Key risk: Geopolitical tension involving Taiwan, and heavy reliance on a small number of large customers.
5. UnitedHealth Group (UNH)
UnitedHealth walks into Thursday’s earnings report with about as strong a setup as a stock can have: every analyst tracking it currently rates it a Buy, and the company already raised its own full-year profit guidance ahead of the report.
- Bull case: If medical costs stay in check and Medicare Advantage trends keep improving, another guidance raise is plausible.
- Bear case: With expectations already this high, there’s very little room for a disappointment — even a modest miss on medical costs could be punished harder than usual.
- Key risk: Regulatory and reimbursement policy changes affecting the health insurance industry.
6. Meta Platforms (META)
Meta doesn’t report earnings this week, but it made news on July 10 by announcing “Meta Compute,” a new AI cloud business, along with details on its in-house AI chip. That’s a fresh, unexpected addition to the AI infrastructure story.
- Bull case: If analysts continue to like the AI-cloud diversification strategy, the stock could keep building on its recent gains.
- Bear case: Meta’s 2026 capital spending plans are now roughly 25% above what Wall Street had expected; if investors start asking harder questions about the return on that spending, sentiment could cool.
- Key risk: Uncertainty about how quickly this new spending translates into profit.
7. ASML Holding (ASML)
ASML makes the specialized equipment needed to manufacture the most advanced computer chips, and it reports Wednesday morning. Its order book is one of the earliest possible signals of future AI chip production.
- Bull case: New equipment order bookings that beat expectations would confirm chipmakers are still committing to expand capacity.
- Bear case: Some analysts have flagged a “beat the quarter, miss the order book” risk — a fine current quarter paired with a weaker order outlook could still send the stock lower.
- Key risk: China-related export restrictions and the cyclical nature of equipment orders.
8. Advanced Micro Devices (AMD)
AMD has become the clearest beneficiary of money rotating out of Nvidia and into other AI-chip plays, with the stock up roughly 153% so far in 2026.
- Bull case: Continued strong demand signals for AMD’s AI accelerator chips, especially if this week’s bank and Meta commentary reinforces heavy AI infrastructure spending.
- Bear case: After such a big run, the stock is more exposed than most to profit-taking if ASML or TSMC disappoint.
- Key risk: AMD depends on TSMC’s manufacturing capacity, so a weak TSMC report is a direct risk to AMD too.
9. Tesla (TSLA)
Tesla doesn’t report full earnings this week, but it’s still one of the most-discussed stocks on Wall Street after its recent delivery numbers beat expectations — and the stock fell anyway.
- Bull case: Positive news on Tesla’s AI, robotaxi, or Optimus robot programs could shift investor attention away from margin concerns.
- Bear case: Analysts are increasingly focused on the fact that Tesla’s delivery beat came from price cuts and financing incentives — good for volume, but a warning sign for profitability.
- Key risk: Competitive pressure from other electric vehicle makers, especially in China.
10. SpaceX (SPCX)
SpaceX completed the largest IPO in history on June 12, raising $75 billion. The stock is still in an active “price discovery” phase, meaning the market hasn’t yet settled on what it’s really worth.
- Bull case: Most analysts covering the stock rate it a Buy, and continued interest from institutional investors could stabilize the price.
- Bear case: Newly public mega-cap stocks are often volatile until a stable trading pattern forms, and analyst price targets currently range wildly — from $62 to $800 — which tells you how uncertain the outlook still is.
- Key risk: The company disclosed roughly $5 billion in losses for 2025, a reminder that this is still a high-risk, high-growth story rather than a proven earner.
Sector Outlook at a Glance
| Sector | Outlook | Why |
|---|---|---|
| Technology / Semiconductors | Bullish, but binary | Hinges on ASML (Wed) and TSMC (Thu) results holding up recent chip-sector gains |
| Financials | Bullish | Five major banks report Tuesday with upwardly revised estimates and a strong dealmaking backdrop |
| Healthcare | Bullish | UNH’s strong setup, plus healthcare trading at its cheapest relative valuation in ~35 years |
| Communication Services | Bullish | Meta’s AI-cloud news and Netflix earnings both fall this week |
| Consumer Discretionary | Mixed | Value retailers benefit from cost-conscious shoppers; homebuilders face high mortgage-rate pressure |
| Energy | Neutral | Oil prices have cooled from spring highs but remain sensitive to Middle East headlines |
| Real Estate / Utilities | Rate-sensitive, neutral | Would benefit from a dovish Fed surprise, at risk if Warsh’s testimony is more hawkish than expected |
Biggest Risks This Week
| Risk | Rating | What Could Happen |
|---|---|---|
| Federal Reserve policy | Very High | Warsh’s testimony could push rate-hike odds even higher, pressuring stocks and bonds together |
| Inflation (CPI/PPI) | Very High | A hot print Tuesday could accelerate hike expectations; a cool print could spark a relief rally |
| Valuation | High | Record-high indices leave less cushion for a negative surprise |
| AI sector concentration | High | A weak ASML or TSMC report could hit the Nasdaq disproportionately |
| Treasury yields | High | Yields near 4.5%+ are a headwind for rate-sensitive sectors like real estate and utilities |
| Labor market | Medium-High | A weak June jobs report has raised some concern about economic momentum |
| Geopolitical / oil | Medium-High | Unresolved Iran-related tensions remain a wildcard for oil prices and market sentiment |
Bullish and Bearish Trade Ideas This Week
These aren’t recommendations to buy or sell — they’re a summary of where analyst sentiment and this week’s catalysts point, based on our research. Always do your own research and consider your own risk tolerance before making any investment decision.
Top 5 Bullish Setups
| Company (Ticker) | Confidence | Primary Catalyst | Key Risk |
|---|---|---|---|
| UnitedHealth (UNH) | 78% | Earnings Thu with pre-raised guidance | Little room for upside surprise |
| Taiwan Semi (TSM) | 72% | Earnings Thu; “extremely robust” AI demand | Guidance could disappoint even on a beat |
| JPMorgan (JPM) | 70% | Earnings Tue; upwardly revised estimates | Hawkish CPI/Fed news could overshadow it |
| AMD (AMD) | 68% | AI-trade rotation leadership, +153% YTD | Extended run raises pullback risk |
| Meta (META) | 66% | New AI cloud business, Iris chip roadmap | Market may balk at higher capex |
Top 5 Bearish Setups
| Company (Ticker) | Confidence | Primary Catalyst | Key Risk |
|---|---|---|---|
| Tesla (TSLA) | 55% | Delivery beat overshadowed by margin worries | A positive AI/robotaxi headline could reverse this quickly |
| Wells Fargo (WFC) | 52% | Estimates trending lower into Tuesday’s report | A strong sector-wide bank beat could lift it anyway |
| Ferguson Enterprises (FERG) | 58% | Fresh analyst downgrade | A broader industrials rally could offset it |
| Micron (MU) | 50% | Stretched valuation, notable insider selling | A strong TSMC/ASML print could lift chip stocks broadly |
| D.R. Horton (DHI) | 54% | High mortgage rates pressuring affordability | A dovish Fed surprise could reverse this fast |
Build a Watchlist for This Week’s Trade Ideas
From bullish UnitedHealth and TSMC to bearish Tesla and Wells Fargo, track every stock on this week’s list in one place.
Set Up Your Watchlist on TradingView →Key Takeaways
- Tuesday, July 14 is the busiest single day of the week: CPI data, five bank earnings, and Fed Chair Warsh’s first testimony all land within hours.
- The Fed has shifted from talking about rate cuts to pricing in a 60–75% chance of a hike by September.
- Stocks are near record highs with the VIX near its lowest levels of the year, leaving little cushion for bad news.
- AI leadership is rotating: Nvidia is up just 3% year-to-date, while AMD is up roughly 153%.
- ASML (Wed) and Taiwan Semiconductor (Thu) earnings are the clearest signals this week on whether AI spending is still accelerating.
- UnitedHealth reports Thursday with a rare 100% analyst Buy rating — a strong setup, but one with little room for error.
- Netflix has a track record of large post-earnings stock swings; it reports Thursday after the close.
- Meta’s new AI cloud business adds a fresh, unexpected chapter to the AI infrastructure story.
- Small-cap stocks are having their best first half since 1991, a sign the market’s rally has broadened beyond just the biggest tech names.
- Tesla and SpaceX made the list without earnings this week due to heavy investor and search interest and unresolved price action.
Frequently Asked Questions
What stocks should I watch this week in the US market?
The 10 stocks with the clearest catalysts this week are Nvidia, JPMorgan, Netflix, Taiwan Semiconductor, UnitedHealth, Meta, ASML, AMD, Tesla, and SpaceX — a mix of companies reporting earnings and names caught up in this week’s biggest story, the rotation within the AI trade.
When does JPMorgan report Q2 2026 earnings?
JPMorgan is scheduled to report before market open on Tuesday, July 14, 2026, alongside Goldman Sachs, Wells Fargo, Citigroup, and Bank of America.
What is the CPI report and why does it matter for stocks?
CPI, or the Consumer Price Index, measures how much prices for everyday goods and services have changed. It’s one of the key data points the Federal Reserve uses to decide on interest rates, so a surprising CPI reading can move the entire stock market.
Who is Kevin Warsh and why is his Fed testimony important?
Kevin Warsh became Federal Reserve Chair on May 22, 2026. His testimony to Congress on July 14 is being closely watched because his comments since taking the role have shifted market expectations from potential rate cuts toward a possible rate hike.
When does Netflix report earnings in July 2026?
Netflix is scheduled to report its Q2 2026 results after market close on Thursday, July 16, 2026.
Is Nvidia stock a buy right now?
Nvidia is down roughly 16% from its May 2026 high and up only about 3% year-to-date, largely due to competitive and China-related concerns. This article isn’t investment advice — the bull and bear case for Nvidia are both laid out above, and investors should weigh them against their own research and risk tolerance.
Why is AMD stock up so much in 2026?
AMD has become a leading beneficiary of investors rotating money out of Nvidia and into other AI-chip companies, with shares up roughly 153% year-to-date on strong data-center demand.
What happened to Tesla stock after its delivery numbers?
Tesla reported delivery numbers that beat analyst expectations, but the stock fell anyway, as investors focused on the fact that the volume beat came from price cuts and financing incentives that likely pressured profit margins.
When does Taiwan Semiconductor (TSMC) report earnings?
TSMC is scheduled to report Q2 2026 results on Thursday, July 16, 2026.
What is the Magnificent Seven and how did it perform in the first half of 2026?
The “Magnificent Seven” refers to the seven largest U.S. technology companies, which together still make up roughly a third of the S&P 500’s total value. In the first half of 2026, this group actually underperformed the broader index — a notable shift after years of leading the market.
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Conclusion
The week of July 13–17, 2026 packs an unusual amount of market-moving news into just five trading days. With stocks near record highs and volatility near multi-month lows, the outcome of Tuesday’s CPI report and Fed testimony — combined with how bank, chip, healthcare, and streaming earnings land through the rest of the week — will go a long way toward determining whether this summer’s rally keeps extending or finally hits a speed bump.
The bigger story underneath all of this is a genuine broadening of the market: small-cap stocks are having their best first half since 1991, and the mega-cap tech names that dominated headlines for years actually lagged the broader index in the first half of 2026. Whether that trend continues, or whether this week’s AI-infrastructure earnings pull leadership back toward the biggest names, is one of the most important questions for investors heading into the second half of the year.
As always, treat this as a starting point for your own research rather than a set of instructions. Markets can and do surprise in both directions, and every stock discussed above carries real risk alongside its opportunity.
Keep Track of These Stocks
Want to follow along with these stocks in real time? TradingView offers free charting tools, customizable watchlists, and screeners that make it easy to track earnings reactions, technical setups, and price movement across everything on this list — from JPMorgan’s Tuesday report to Netflix’s Thursday close.
Disclosure: The content on this page was produced with AI writing assistance under the editorial direction of a licensed Electrical Engineering practitioner and certified investor in different markets with over a decade of experience. All articles are reviewed and approved by the author before publication.
