Second quarter
earnings season is in its final act, but some traders are looking for an exciting finale in the tech space.
Earnings season is in full swing, with a little over half of S&P 500 companies having reported quarterly earnings, and the options market is implying meaningful moves for several stocks this week.
Earnings season is in full swing, and as of Wednesday, earnings per share for S&P 500 companies were on track to grow 22 percent for the first quarter, according to Thomson Reuters I / B / E / S. That's up from the 18.5 percent estimate from April 1.
Not exact matches
As
earnings season comes to a close — and as the S&P 500 looks to rebound from its worst month
in two years — investors
are hungry for the types of large single - stock moves that create money - making opportunities.
Squawk Box Live
is following the fallout of the miss
in Chinese manufacturing data and the latest from European results
season as Julius Baer and BT Group announce their
earnings.
For one, corporate America
is in the midst of its best
earnings season in nearly eight years, with profits on track to grow more than 23 percent.
«This
is the best
earnings season we've seen
in the United States
in seven years and, frankly, the fourth consecutive really strong quarter,» the firm's chief equity market strategist said Tuesday on CNBC's «Futures Now.»
Lucky for them, they
're about to get just that
in the form of corporate
earnings season, at least according to firms across Wall Street.
Meanwhile,
in the U.S. stocks
were lower as retailers put an end to their
earnings season.
Wall Street stock futures
are opening lower with continued jitters
in media and energy stocks after dispiriting news from
earnings season and from the crude oil market this week.
The outlook for this round of
earnings isn't sunny, and many
are expecting it to
be the weakest
season for big - cap companies
in six years.
These types of forecasts
are starting to accelerate, with
earnings season set to kick off
in earnest this week.
More from CNBC Disruptor 50: Crazy
earnings season for past Disruptors How Lyft
is outmaneuvering Uber
in the heated ridesharing space Why Warren Buffett
is betting on this software start - up
Don't do this... Americans
are hoarding money
in checking accounts How your 401 (k) could react to
earnings season
The company said
in November when it reported its third - quarter
earnings that it
was facing a slowdown
in the number of people visiting its brick - and - mortar stores, although a stronger housing market seems to have helped lift its sales over the holiday
season.
With
earnings season set to kick off
in less than two weeks, one strategist says the market's pain could
be behind it.
However, with CM (CIBC) performing reasonably strongly since reporting
season began, the reported
earnings may not
be enough to sustain all of the relative outperformance,» Aiken wrote
in a research note.
It may
be a tough quarter for banks this
earnings season, but banks
are going to benefit from lower corporate tax rates
in 2018, analysts say.
The big aluminum maker
is always the first company to report
in earnings season, and gives insight on everything from automotive, commercial construction and aerospace.
NEW YORK, April 30 - Global stock indexes
were flat to slightly higher after upbeat
earnings and deal news on Monday, while the U.S. «If the previous several weeks of
earnings season are any indication, corporate results should continue to act as a buffer to any meaningful turn lower
in equity markets,»...
More stomach - churning sessions may
be ahead as
earnings season starts
in earnest this week, with giants like JPMorgan Chase, Google, and General Electric (among many, many others) set to unveil their third - quarter results.
«Macy
's is gearing up for
earnings in November and with the holiday
season about to kick into high gear, Fast Money
's Karen Finerman thinks there
's a chance to make some cash heading into the report.»
Next week begins what
is expected to
be the strongest
earnings season in nearly eight years, with potential growth of 18 percent.
In this week's Trader Poll, we want to know what you think will
be the next breakout tech company this
earnings season.
For years, every
season we have seen
earnings get cut right after they report, but
in the past two quarters they have
been rising.»
In this week's Trader Poll, tell us if you
're worried about
earnings season, inflation uncertainty or the U.S. elections.
Alcoa Inc.'s third - quarter results, scheduled to
be revealed after the market closes Thursday, will mark the unofficial launch of what
is currently projected to
be the weakest
earnings reporting
season for S&P 500 companies
in six years.
And now that we
're in the middle of
earnings season, there
's no other way to say it: results for big technology firms have
been pretty awful.
However, cookie
earnings alone aren't enough to power and expand the reach of Girl Scouts — large - scale investment
in Girl Scout programming
is crucial during cookie
season and year - round, if the organization
is to grant girls unparalleled leadership development experiences.
With
earnings season in full swing and a flurry of macro headwinds hitting the tape, McDonald's (NYSE: MCD) may
be a name that gets lost on your watch list.
Market watchers
are looking past
earnings season, predicting upticks
in emerging markets, health care, and, finally, rates.
«I think you
're in a range bound and choppy market, as you get closer to the election and
earnings season,» he said.
Shares of Intel Corp., Nvidia Corp., Lam Research Inc., and ASML Holding NV
are rising
in Monday morning trading after Evercore ISI analyst CJ Muse named the stocks his «best ideas» for the upcoming
earnings season.
This week, Q4 2010
season will
be in full swing, when more than 30 financial firms report Q4
earnings.
This one man may
be to blame for the recent weakness
in stocks, says analyst Bearish comments from Caterpillar's CFO
were applied to the whole market, Bell saysThe U.S. stock market has struggled recently, with the Dow on track for its fifth straight daily decline despite one of the best
earnings seasons on record.
If that continues through the rest of «
earnings season» (after all companies have reported) it will
be the highest «beat rate» since FactsSet began tracking the «beat / meet / miss» data
in 2008 (FactSet).
Earnings season is about to get underway, too, which
is more than likely going to show a fourth straight quarterly decline
in profits — and if firms aren't seeing bottom line leverage, they may
be slow to dole out new positions, or much
in the way of payroll hikes.
Look at it this way, media
were all
in excited expectations of
earnings season pushing this market higher.
The manufacturing sector and services sector
are doing quite well, sentiment
is actually quite strong, and,
in fact, we
are right now moving into Q1
earnings season, and with the tax cuts that
were enacted at the end of last year, corporations
are expected to increase their
earnings by 17 %.
This has
been a volatile
earnings season thus far, so little can
be anticipated
in how Square's shares will react.
This stock
is flirting with a «massive» flipping win
in real estate Critical information for the U.S. trading dayIt's Tax Day and
earnings season is ramping up, with Netflix's latest results triggering good vibrations.
That drop
in the volatility index speaks to how this
earnings season hasn't
been as volatile,
in terms of stock reactions, as it may seem at first blush.
While this week
was certainly the peak of the US and the European
earnings season, traders will see some other interesting reports coming out
in the coming days.
Compared to the more sanguine annual reports companies file during
earnings season, the 10 - K report
is more
in - depth.
Tax reform has
been a hot - button issue with corporate America during the current
earnings season, and as one of the largest multinational conglomerates
in the world, Johnson & Johnson (NYSE: JNJ)
was prepared to see a lot of impacts from the new tax laws.
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Adding to the gloom, the U.S.
earnings season has
been especially discouraging for banks, which
are struggling with the lowest trading revenue
in years.
As has
been the case with the last few
earnings seasons, the biggest theme
in the United States
is the strength
in the U.S. dollar.
If this
earnings growth result stays at this level, it will
be the second highest
earnings season since 2011 as
in that year we saw 11.6 %
earnings growth.
The third - quarter
earnings season has just begun, and it
is likely too early to tell if further gains
are in store.