Jul 29, 2020 (IAM Newswire via COMTEX) -- Besides the Silicon Valley earnings reports that will greatly shape this week, we will also learn about the digital payments market from PayPal /zigman2/quotes/208054269/composite PYPL +1.20% whose two-sided platform is expected to have benefited from the partial economic reset. It will be joined by Mastercard /zigman2/quotes/207581792/composite MA +0.51% on Thursday, offering us a clearer picture of how consumers are handling their money during these unprecedented times. General Electric /zigman2/quotes/208495069/composite GE -1.34% posted better than expected revenue whereas Spotify /zigman2/quotes/207488629/composite SPOT +0.39% failed to impress as monthly active users and revenue came in roughly in-line with their consensus estimates. Add Detroit's big three automakers to the list whose second quarter has pretty much been written off, this week is providing us with many valuable insights!
On Tuesday, Mastercard announced a collaboration with no other than Microsoft /zigman2/quotes/207732364/composite MSFT +0.39% . This venture will greatly contribute the future of digital commerce, drive startup innovation and enable financial inclusion. After its peer and Dow Giant, Visa /zigman2/quotes/203660239/composite V +0.28% reported a fall sharp in revenue last week due to shutdowns, halted travel and weakened consumer spending, good news are more than welcome.
The pandemic has laid bare the distinction between resilient and digital businesses versus those that are more cyclically exposed and reliant on physical interactions. The cable and media company Comcast /zigman2/quotes/209472081/composite CMCSA +2.75% has a bit of both. Its Xfinity business is expected to continue bringing streaks of strong growth in its high-speed internet subscriber base whereas hefty losses are expected due to canceled sports events harming NBCUniversal.
Believe it or not, Kellogg Company /zigman2/quotes/209631250/composite K +0.97% is on the list of companies that can withstand the world coming to a stop. It is a safe bet even in case of a second wave which would lead people to stock up on food. However, if the crisis eases, significant growth in plant-based meat alternatives is expected, also benefiting Kellogg. By covering both of these fronts, along with low volatility and affordable prices, it is considered one of the best options in convenience food investments. The stock quickly recovered from March lows. The Kraft Heinz Company /zigman2/quotes/203625533/composite KHC -0.74% and Yum Brands Inc /zigman2/quotes/209029767/composite YUM -0.15% will also report their earnings this week so we will get a complete picture that includes both foods and dinning.
Applebee’s owner, Dine Brands Global /zigman2/quotes/205160666/composite DIN +1.87% will report after markets close on Wednesday. But despite being rather consistent within the food industry as it performed quite well over the last five years, it does have some issues. To begin with, its net income has been flat over that time period even despite revenue increasing more than 16 percent last year. If we look at the first quarter of the prior year, revenue and net income decreased 30.3% and 9.3% respectively during this year's quarter. Considering that shutdowns lasted until May, there aren't any pleasant surprises expected for second quarter's results.
As for the package-delivery company UPS /zigman2/quotes/201245396/composite UPS +0.33% , Wall Street expects a year-over-year decline in earnings on lower revenues due to the overall environment characterized by supply-chain disruptions and slowdown in economic activity.
Moreover, on Friday, we will find out France, Spain, Italy and Europe's GDP with Germany and US reporting the day before. We will also get crucial data on US personal spending and income. Along with big tech and several Dow members, this week should provide us with valuable insights on how to help the economy recover from what will likely be remember as the worst crisis of modern times. Until the pandemic comes to an end, we cannot expect things to return to normal. But the good news is that IMF estimates the global economy will expand by 5.4% in 2021. The U.S. economy also expected to follow this positive trend with 4.5%.
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