| EDITOR'S NOTE
Stocks staged a strong rally in the past week and upcoming earnings reports are likely to be what determines whether it continues in the week ahead. There are dozens of companies reporting, including Tesla, Netflix and blue chips Procter and Gamble, Johnson and Johnson, Intel, American Express and Honeywell.
According to Refinitiv, S&P 500 earnings are expected to be up 32% for the quarter, based on actual reports and expectations. So far, the banks have had a strong showing with beats by Goldman Sachs, Bank of America, and Citigroup, among others.
"Unlike prior earnings seasons that we've seen recently, the expectations are a bit more muted heading into this earnings season, as far as analysts' revisions are concerned," said Paul Hickey, co-founder of Bespoke Investment Group. "That tends to lower the bar, which makes the earnings season much more manageable."
Earnings are being watched for executives' comments on how higher input costs and supply chain issues are impacting the bottom line. There are just a few economic reports, including the Fed's beige book Wednesday and existing home sales Thursday. Investors are also awaiting the first exchange traded fund based on bitcoin futures, when ProShares Bitcoin Strategy ETF is expected to debut.
THE WEEK AHEAD
MICHAEL SANTOLI'S MARKET COLUMN
ACTIVIST SPOTLIGHT
YOUR WEEKEND BRIEFING
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sabtu, 16 Oktober 2021
Big earnings reports ahead | Market rebound proves skeptics wrong | Ready for a bitcoin etf?
Langganan:
Posting Komentar (Atom)

Tidak ada komentar:
Posting Komentar