Sunday, April 21, 2013

A Make-or-Break Week Ahead for the Stock Market

Analysts are viewing the upcoming week as critical for the stock market.  This view comes from a variety of different factors all coming together in the next few days.  In addition to information on home sales, durable goods and Q1 GDP being released this week, around 170 S & P companies plus 10 Dow firms announce their earnings.  This information is particularly interesting to investors as earnings reports so far have been mixed.  While two thirds of companies have met their earnings estimates, 57% have missed revenue estimates, which is unusually high.  Add to this the fact that last week was the Dow's worst week of the year and it is clear that next week could determine whether a major pullback in the markets is coming.

http://www.cnbc.com/id/100656626

No comments: