Next week brings big earnings reports from heavyweight financials and a couple other Wall Street favorites, some of which have strong forward earnings momentum ripe for investment. More than 40 companies in the S & P 500 are set to post results next week as second-quarter earnings gear up. For the quarterly period, the estimated year-over-year earnings growth rate for the broad market index is 8.8%, according to FactSet.
According to the analyst, Netflix's upcoming print should reinforce the strong net subscriber additions and content slate ahead, with the expected release of new seasons of "Squid Game" and "Cobra Kai," for example. The company's paid-sharing initiatives and ad-supported subscription plan are other near-term catalysts, he said Tuesday. Regional bank names Northern Trust , Fifth Third and Regions Financial also made the cut.
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