Eli Lilly and CompanyFocus on Mounjaro strength and obesity pill rollout, though expectations moderated.
Investors face a busy Wednesday with ADP private payrolls data and earnings from Eli Lilly, Disney, and Sandisk. Eli Lilly reports second-quarter results before the market opens, with analysts focused on continued strength of Mounjaro and the rollout of its new obesity pill, though expectations for the pill have moderated amid a slower Medicare rollout. Disney also reports in the morning, with its parks business expected to remain solid on improving domestic attendance and higher guest spending, while studio results may be pressured by weaker content performance. After the market close, Sandisk announces results with high expectations following strong memory-industry performance driven by AI demand for higher storage. The ADP employment report for June is also due, with economists forecasting a slowdown in private payrolls compared to May.
Eli Lilly and CompanyFocus on Mounjaro strength and obesity pill rollout, though expectations moderated.
Sandisk CorpHigh expectations due to AI-driven demand for higher storage.
Walt Disney CompanyParks business expected solid on attendance and spending, but studio results pressured.
Automatic Data Processing Inc