Coming back to the earnings season, 80% of the 124 S&P 500 companies that have reported their results so far have managed to top estimates. This compares favorably with 73% of companies managing to surpass estimates in the last quarter. After two-weeks of the earnings season and with the last week being considerably encouraging, investors were somewhat disappointed with the results on Monday. Significant companies whose results are awaited today include AK Steel Holding Corporation, Amazon.com Inc., Broadcom Corp., The Coca-Cola Company, 3M Co, Valero Energy Corp. and Wipro Ltd. Looking ahead into the week, investors will hope to recoup the losses incurred on Monday, on the back of robust reports to be released over the remaining four days of the week. Movement in the markets will also depend to a large extent on the Fed policy meeting and press conference. In all, it’s a busy and interesting week ahead.
APPLE INC (AAPL): Free Stock Analysis Report
ADV MICRO DEV (AMD): Free Stock Analysis Report
CITIGROUP INC (C): Free Stock Analysis Report
GOLDMAN SACHS (GS): Free Stock Analysis Report
INTL BUS MACH (IBM): Free Stock Analysis Report
INTEL CORP (INTC): Free Stock Analysis Report
JOHNSON CONTROL (JCI): Free Stock Analysis Report
JPMORGAN CHASE (JPM): Free Stock Analysis Report
KIMBERLY CLARK (KMB): Free Stock Analysis Report
US BANCORP (USB): Free Stock Analysis Report
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