What to Look for as US Earnings Season Kicks Off
This week is all about earnings. The outcome of this trading week will set the tone in the stock market for the rest of the summer. If traders aren’t diligent, reality could set in again and bring some traders back down to earth.
35 S&P 500 Index (INDEXSP:.INX) companies are reporting their Q2 earnings this week. All sectors have recorded a decrease in expected earnings growth led by the Consumer Discretionary, Energy, Industrials, and Financials sectors.
Banks are up first. See the below graphic (courtesy of Earnings Whispers) to know who’s reporting on which days.
We are less interested in the specific financial results and are studying how overall markets and individual stocks are going to react to the upcoming news flow. This will show us how the large institutions are playing the results… And that is the momentum we want to get behind.
Watch the full interview to see how expert traders are playing the stock market as the U.S. earnings seasons kicks-off.
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