Netflix, Goldman Sachs, J&J, ASML Lead Q2 Reports This Week As Analysts See Earnings Growth Accelerating To Fastest In Over 2 Years
Portfolio Pulse from Shanthi Rexaline
The second-quarter earnings season has begun with mixed results from major banks and airlines. Despite some initial setbacks, analysts remain optimistic about overall earnings growth, with notable reports expected from companies like Netflix, Goldman Sachs, J&J, and ASML. The IT sector, led by Nvidia, is projected to see significant growth.
July 15, 2024 | 9:13 am
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POSITIVE IMPACT
ASML is among the first tech companies to report this season, with its earnings report expected to attract significant attention.
ASML's earnings report is expected to be a key indicator for the tech sector's performance this season.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 60
POSITIVE IMPACT
Goldman Sachs is scheduled to report its earnings on Monday, with investors closely watching for performance indicators.
Goldman Sachs' earnings report will be closely watched and could influence its stock price positively if results are strong.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Johnson & Johnson is expected to report its earnings on Tuesday, with significant interest from investors.
Johnson & Johnson's earnings report is anticipated to be a key event for investors, potentially driving the stock price up.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 65
POSITIVE IMPACT
Netflix is set to report its earnings this week, with high expectations from investors.
Investors have high expectations for Netflix's earnings, which could drive the stock price up if results are positive.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 70
POSITIVE IMPACT
Nvidia is expected to be the largest contributor to the IT sector's robust 16.4% earnings growth.
Nvidia's strong performance is expected to significantly contribute to the IT sector's earnings growth, likely boosting its stock price.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 75
POSITIVE IMPACT
The SPDR S&P 500 ETF Trust ended Friday’s session up 0.63%, reflecting overall market optimism.
The SPDR S&P 500 ETF Trust's positive performance indicates overall market optimism, which could continue if earnings reports are strong.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Delta Air Lines shares fell about 7% after reporting a plunge in profit despite beating revenue estimates.
Delta's profit decline overshadowed its revenue beat, leading to a drop in stock price.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
JPMorgan Chase shares fell 1.21% despite reporting a double-beat in earnings.
Despite strong earnings, JPMorgan's stock fell, indicating investor concerns or profit-taking.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Wells Fargo shares slumped 6.02% due to higher deposit costs impacting its bottom line.
Higher deposit costs negatively impacted Wells Fargo's earnings, leading to a significant drop in stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80