After Friday's Rout, What Will This Week's Earnings Signal?

Traders on NYSEAfter the Dow's 261-point belly flop to end last week on what were, after all, better-than-expected bank earnings, investors may be forgiven for feeling rather queasy after checking out this week's earnings calendar.

More than 120 S&P 500 ($INX) companies and 12 of the 30 Dow ($INDU) components are scheduled to report second-quarter results in the days ahead, including IBM (IBM), Apple (AAPL), Coke (KO), Pepsi (PEP), American Express (AXP), Goldman Sachs (GS), Amazon (AMZN) and McDonald's (MCD). Oy.

But last week's pullback doesn't necessarily mean the rally is over, says Maier Tarlow, managing director at Raven Securities. "Earnings have been great so far," Tarlow says. "And more important, we haven't had bad pre-announcements. But we haven't gotten everything we wanted."

For more on Tarlow's take from the floor of the New York Stock Exchange (NYX), see the video below:


Read Full Story

Markets

DJIA 21,703.75 29.24 0.13%
NASDAQ 6,213.13 -3.40 -0.05%
S&P 500 2,428.37 2.82 0.12%
NIKKEI 225 19,393.13 -77.28 -0.40%
HANG SENG 27,154.68 107.11 0.40%
DAX 12,065.99 -99.20 -0.82%
USD (per EUR) 1.18 0.01 0.46%
USD (per CHF) 0.96 0.00 -0.28%
JPY (per USD) 109.03 -0.29 -0.26%
GBP (per USD) 1.29 0.00 0.18%

Can't get enough business news?

Sign up for Finance Report by AOL and get everything from retailer news to the latest IPOs delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.