The Week Ahead

Top stock ideas for this week, earnings, and general market thoughts…

Earnings season is in full swing, with 65% of the S&P 500 market cap having now reported Q2 results.  This week, we will get another 15% of the SPX market cap reporting, highlighted by Apple and Amazon on 8/3 post-market.

So far, earnings have been better than feared with 54% of companies beating by at least 1 standard deviation (vs historical avg of 48%).  14% of companies have missed consensus estimates by at least 1 standard deviation (vs historical average of 13%).