| About a quarter of S&P 500 companies report earnings in the coming week, and that could be a positive catalyst for stocks as worries about Greece and China drift into the background. So far, just several dozen companies have reported, and the usual 70 percent-plus beat on the top-line, while just about half beat on revenue. Among the names reporting next week are Apple, IBM, American Express, General Motors, Boeing, Coca-Cola and Amazon.com.
"The reaction to earnings has been relatively good," said Paul Hickey, co-founder of Bespoke. "Coming into this earnings reporting period, analysts' sentiment was negative. We were getting more downward revisions than upward revisions, and typically when you see that coming into a reporting period, the market performance is much better than when you see analysts upping their estimates."..............................................Full Article: Source
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