FYI: A deluge of corporate earnings reports and U.S. GDP data will take center stage this week.
Earnings season kicks into high gear as heavyweights from every sector gear up to report first quarter financial results. So far, nearly 20% of the S&P 500 companies have reported their results. “Earnings are beating by 6.1%, with 80% of companies exceeding their bottom-line estimates. This compares to 5.4% and 71% over the past 3 years,” Jonathan Golub, Credit Suisse’s chief U.S. equity strategist, wrote in a note. Investors can expect reports from Amazon, Chipotle, Microsoft, eBay, Coca-Cola, and Boeing, among many others.
On the economic data side, U.S. gross domestic product (GDP) will be in focus. Stronger-than-anticipated economic data from last week boosted consensus estimates for the first quarter. Economists are expecting the U.S. GDP grew at an annualized rate of 2.1%.
Regards,
Ted
https://finance.yahoo.com/news/earnings-extravaganza-q1-gdp-what-to-know-in-the-week-ahead-201153376.html
