Economic Events in the Third Week of July 2023

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Here are some economic events and notable stocks and sectors to watch for in the third week of July 2023:

Economic Events

  • July 17: China releases GDP data for the second quarter.
  • July 18: US ISM Manufacturing PMI.
  • July 19: US Construction Spending.
  • July 20: US Nonfarm Payrolls. The European Central Bank (ECB) releases its monetary policy decision.
  • July 21: US Unemployment Rate. The US releases retail sales data for June.

These are some of the most important economic data releases scheduled for the third week of July. The ISM Manufacturing PMI is a measure of manufacturing activity in the US, and it is closely watched by investors. The Construction Spending report provides insights into the state of the US construction industry. The Nonfarm Payrolls report is a measure of the number of jobs created in the US, and it is one of the most important economic indicators. The Unemployment Rate report measures the percentage of Americans who are unemployed.

Notable Stocks and Sectors

  • Energy: The energy sector is expected to perform well in the third week of July, as oil prices are likely to remain elevated. Some notable stocks in the energy sector include Exxon Mobil (XOM), Chevron (CVX), and Occidental Petroleum (OXY).
  • Information Technology: The information technology sector is also expected to perform well, as demand for technology products and services remains strong. Some notable stocks in the IT sector include Apple (AAPL), Microsoft (MSFT), and Amazon (AMZN).
  • Health Care: The health care sector is another defensive sector that is likely to perform well in a volatile market. Some notable stocks in the health care sector include Johnson & Johnson (JNJ), Pfizer (PFE), and AbbVie (ABBV).
  • Utilities: The utilities sector is a cyclical sector that is sensitive to interest rates. However, with interest rates still relatively low, utilities stocks are expected to perform well in the third week of July. Some notable stocks in the utilities sector include Duke Energy (DUK), NextEra Energy (NEE), and Southern Company (SO).

Stock Recommendations

Here are 8 stock recommendations for the third week of July 2023:

  1. XOM: Exxon Mobil is a leading integrated oil and gas company with a strong track record of profitability. The company is well-positioned to benefit from the current high oil prices.
  2. CVX: Chevron is another leading integrated oil and gas company with a strong track record of profitability. The company is also well-positioned to benefit from the current high oil prices.
  3. OXY: Occidental Petroleum is a major independent oil and gas producer with a strong focus on unconventional resources. The company is well-positioned to benefit from the current high oil prices.
  4. AAPL: Apple is the world’s largest technology company with a strong portfolio of products and services. The company is well-positioned to benefit from the continued growth of the technology industry.
  5. MSFT: Microsoft is a leading software company with a strong track record of innovation. The company is well-positioned to benefit from the continued growth of the cloud computing market.
  6. AMZN: Amazon is the world’s largest online retailer with a strong focus on e-commerce. The company is well-positioned to benefit from the continued growth of the e-commerce market.
  7. JNJ: Johnson & Johnson is a leading diversified healthcare company with a strong portfolio of products and services. The company is well-positioned to benefit from the continued growth of the healthcare industry.
  8. PFE: Pfizer is a leading biopharmaceutical company with a strong portfolio of products and services. The company is well-positioned to benefit from the continued growth of the biopharmaceutical industry.

These are just a few of the many stocks that investors may want to consider in the third week of July 2023. It is important to do your own research before making any investment decisions.

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