Earnings next week will determine whether stocks still have further to run

  • 📰 CNBC
  • ⏱ Reading Time:
  • 19 sec. here
  • 18 min. at publisher
  • 📊 Quality Score:
  • News: 67%
  • Publisher: 72%

Tesla Inc News

Amazon.Com Inc,NASDAQ Composite,S&P 500 Index

Next week will bring a significant jump in the number of companies reporting third-quarter results.

Earnings next week will be key to where stocks head from here. There will be a significant jump in the number of companies set to report third-quarter results in the days ahead. While roughly one-tenth of S & P 500 companies reported over the past week, about 20% of the broader index is plans to report next week. Among the more notable names will be Amazon and Tesla , which will serve as precursors to the big slate of megacap results due out the following week. .

By the same token, Butters noted that S & P 500 earnings growth is likely to come in at above 7% for the third quarter, given companies' track record of delivering positive surprises. "If things have worked out pretty well in prior reporting periods," Stovall said. "No reason why it's not going to work out this time as well.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Earnings guide: Here's what to expect from the 'Mag 7' ahead of third-quarter earningsMegacap tech has powered the two-year bull market. But the stocks have come under pressure as Wall Street wonders whether they have more room to run.
Source: CNBC - 🏆 12. / 72 Read more »

Stock market next week: Earnings season ramps up with more big bank resultsThird-quarter numbers could determine what's next for stocks at a time when the Dow and S&P 500 are at all-time highs.
Source: CNBC - 🏆 12. / 72 Read more »

This retail stock is likely to deliver an earnings beat next month, Citi saysThis retail stock is likely to deliver an earnings beat next month, Citi says
Source: Investingcom - 🏆 450. / 53 Read more »

Cramer Reviews Market Action for Next Week, Highlights Earnings Reports and CPI DataCNBC's Jim Cramer breaks down the key market events to watch next week, including earnings reports from PepsiCo and General Motors, upcoming CPI data, and a slew of other company reports.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Aurubis sees earnings decline next year on lower metal pricesNo 1 source of global mining news and opinion
Source: mining - 🏆 449. / 53 Read more »

Next week: IMF global economic outlook, General Motors earnings, US existing home salesOn Tuesday, the International Monetary Fund issues its semi-annual World Economic Outlook and General Motors reports its third-quarter financial results. On Wednesday, the National Association of Realtors reports on sales of existing homes in September.
Source: AP - 🏆 728. / 51 Read more »