What to watch during flood of earnings this week
02/06/2024 03:47
More than 100 S&P 500 (^GSPC) companies will report their earnings this week, including Disney (DIS), Alibaba (BABA), and Pepsi (PEP). While general economic data may be sparse this week, the overwhelming amount of data from these company earnings may give key insight into how the broader markets may be moving. Charles Schwab Senior Investment Strategist Kevin Gordon joins Yahoo Finance to discuss the upcoming week of earnings, how the Federal Reserve's recent policy decision may factor in, and potential market reactions as a consequence of the releases. Gordon explains what will be in focus during this slew of earnings releases: "I think a lot of focus is probably going to shift on, at least on the part of the market, is what the revenue growth story looks like. You're seeing a lot of earnings estimates being revised higher, but that's not as much coming from the revenue side, it's more coming from the cost side, so companies aggressively cutting costs... a lot of them recently via layoffs, but you're not really seeing the revenue component kick back in, which I think is fine in and of itself right now." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
More than 100 S&P 500 (^GSPC) companies will report their earnings this week, including Disney (DIS), Alibaba (BABA), and Pepsi (PEP). While general economic data may be sparse this week, the overwhelming amount of data from these company earnings may give key insight into how the broader markets may be moving.
Charles Schwab Senior Investment Strategist Kevin Gordon joins Yahoo Finance to discuss the upcoming week of earnings, how the Federal Reserve's recent policy decision may factor in, and potential market reactions as a consequence of the releases.
Gordon explains what will be in focus during this slew of earnings releases: "I think a lot of focus is probably going to shift on, at least on the part of the market, is what the revenue growth story looks like. You're seeing a lot of earnings estimates being revised higher, but that's not as much coming from the revenue side, it's more coming from the cost side, so companies aggressively cutting costs... a lot of them recently via layoffs, but you're not really seeing the revenue component kick back in, which I think is fine in and of itself right now."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino