Tuesday, July 24, 2018

A Big Week for Earnings

If you're looking for information on the biggest stocks in the market, this is the week to pay attention. There are 174 S&P 500 index  companies scheduled to report earnings this week, and 11 of the 30 Dow Jones Industrial Average components are on the docket as well.

The most important Internet stocks are all up this week. Facebook reports Wednesday afternoon, Amazon.com is scheduled for Thursday afternoon, and Twitter reports on Friday morning.

We've already had one big Internet blowout: Alphabet, Google's parent, reported yesterday, with revenue of $26.24 billion, up from $20.91 billion in the second quarter of 2017 and higher than the average analyst estimate of $25.58 billion. Its share price jumped by nearly 5 percent in after-hours trading yesterday.

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