Yahoo Finance Comic: Markets Brace for Earnings Tsunami As S&P Inches Closer to Record Highs
Investing.com - The U.S. first-quarter earnings season has gotten off to a strong start so far. According to FactSet, more than 78% of the S&P 500 companies that have reported until now have topped analyst expectations, easing worries of an earnings recession.
That has helped keep the S&P 500 near its all-time high reached in September.
Next week marks one of the busiest weeks of the first-quarter earnings season on Wall Street, with many of the big-name U.S. technology stocks, such as Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), Microsoft (NASDAQ:MSFT), and Intel (NASDAQ:INTC), set to report.
Other high-profile names set to report next week include, Boeing (NYSE:BA), Caterpillar (NYSE:CAT), 3M (NYSE:MMM), United Technologies (NYSE:UTX), Procter & Gamble (NYSE:PG), Verizon (NYSE:VZ), AT&T (NYSE:T), Comcast (NASDAQ:CMCSA), Coca-Cola (NYSE:KO), Starbucks (NASDAQ:SBUX), Twitter (NYSE:TWTR), Snap (NYSE:SNAP), eBay (NASDAQ:EBAY), Tesla (NASDAQ:TSLA), Ford (NYSE:F), Visa (NYSE:V), United Parcel Service (NYSE:UPS), American Airlines (NASDAQ:AAL), Exxon (NYSE:XOM), and Chevron (NYSE:CVX).
Some of the big names that reported this week, included Netflix (NASDAQ:NFLX), which gave a weak forecast that unnerved investors, although the company's quarterly results beat Wall Street targets.
Goldman Sachs (NYSE:GS) also posted results, which showed revenue declines across nearly all its main businesses.
To see more of Investing.com’s weekly comics, visit: http://www.investing.com/analysis/comics
-- Reuters contributed to this report
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