Earnings, Federal Reserve to propel markets | Cramer on the “toughest week of the quarter” | Morgan Stanley’s stock picks for any economy

CNBC's Jim Cramer said, "There aren't enough hours in the day to read all the conference calls… so do your best to focus on a few."

VIEW IN BROWSER | SUBSCRIBE SAT, JUL 24, 2021 WEEKEND BRIEF EDITOR'S NOTE Stocks enter the busiest week of the summer on an upswing after all three major indexes closed at record highs. About 165 major S&P 500 companies will report earnings, with Alphabet, Amazon, Apple and Microsoft among them. Indeed, CNBC's Jim Cramer said, "There aren't enough hours in the day to read all the conference calls… so do your best to focus on a few."   The Federal Reserve meets on July 27 and 28. Economists are watching to see if the meeting reveals any clues about the anticipated wind down of the central bank's bond-buying program. They also want to know how the Fed views the potential economic risks from the rapidly spreading Covid delta variant.   Fears about the virus hit stocks this past Monday in a meltdown that started in the bond market. Investors will continue to keep a wary eye on Treasury yields.   There is some key data, including Thursday's second-quarter gross domestic product. The quarter is expected to be the period of peak growth in the wake of the pandemic, so investors will be watching this report with interest. Patti Domm | CNBC Markets Editor @pattidomm THE WEEK AHEAD Earnings and the Federal Reserve are next big catalysts as stocks enter week ahead on an upswing   ACTIVIST SPOTLIGHT Large shareholder group calls for a board overhaul at pharma company CytoDyn   YOUR WEEKEND BRIEFING  Morgan Stanley's 'secular growth' list features stocks that can win in any economy China orders Tencent to give up exclusive music licensing rights as crackdown continues Cramer's week ahead: The most important week of earnings season Here's what every major Wall Street analyst expects from Apple's third-quarter earnings Appeals court blocks CDC restrictions on cruises in win for Florida Heavy rain in India triggers floods and landslides; at least 125 dead     Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2021 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS