Vanguard S&P ETF (VOO), which reached its highest level ever last week, continued to be bullish. VOO ended last week’s trading at $585. This is up by 33% since its low point in April. It indicates that the stock has entered into a bull-market. The top VOO funds this week are listed below.
VOO ETF reacts to Key Earnings
As the earnings season picked up, VOO ETF continued to rise last week. Around 34% of S&P 500 Index Companies have released their earnings.
In 80% of the cases, these companies reported a surprise positive in EPS. So far, the blended growth in earnings is 6.4%. The final number of 6.4% will represent the lowest growth in earnings since the first quarter last year.
This week will see a rapid acceleration of earnings, as most VOO companies publish their results. Most notable among them are Magnificent Seven companies such as Microsoft, Meta Platforms Apple and Amazon.
Boeing, Booking Holdings (Procter & Gamble), Starbucks, Mastercard and ExxonMobil are also notable firms to keep an eye on.
Several of these companies stand out. The former Chipotle chief executive’s efforts to turn around the company will focus on Starbucks. As the competition has increased from companies like Luckin Coffee , there have been major problems for this company. The stock price has fallen by nearly 20% since its peak this year.
Boeing’s turnaround effort will be watched closely by investors as it faces a number of challenges. Boeing’s stock price has risen by 81% since its lowest point this year and hovers at its highest level since January of this year.
PayPal’s stock price is also in the spotlight, as earnings will show the impact of the stablecoin on its business. Although PayPal has released its stablecoin there is no indication that the market share of its product will increase.
Union Pacific and Norfolk Southern ,will also be worth watching. They will announce their results as well as a possible $200 billion merger.
Federal Reserve interest rate decision
On Wednesday, the Federal Reserve will announce its next interest rate decision.
In this meeting, economists anticipate that the bank will leave its interest rate unchanged at between 4.25% to 4.50%. The officials will maintain their “wait-and-see” approach, and suggest only two rate cuts for this year.
Donald Trump has put pressure on the Fed to cut interest rates by 1%. Last week, he met Jerome Powell at the Fed Building to inspect the renovations.
The US will release key economic data, such as the PCE Inflation Report on Thursday, and the nonfarm payroll data on Friday. The Fed will use these numbers to influence its meeting this September.
Trade war deadline
Trump’s August 1 deadline is another key factor for the VOO ETF. Trump has threatened to impose tariffs on most countries if a deal with the US is not reached by August 1.
US and Japan have reached an agreement that will see Japan invest $500 billion dollars in the US. The US is imposing a 15% duty on all Japanese products shipped to the US.
Ursula von der Leyen, EU representative to the US will be meeting Donald Trump in order to broker a deal. This deal could boost VOO ETF’s stock in the coming week.
The post VOO ETF Stock Top 3 Catalysts this Week may change as new information becomes available.
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