Eyes on U.S. Earnings

As massive companies like Microsoft, McDonald’s, Visa and Caterpillar unveil their second-quarter earnings results this week, investors will be looking for further signs that the economy sped up in the second quarter, and is poised to accelerate into the end of the year.

“The earnings picture looks pretty good,” said Brian Stutland of the Stutland Volatility Group. “As long as earning keep coming out good, and it’s a controlled rally, I think you can remain positive on the market.”

For Jonathan Golub, chief U.S. market strategist at RBC Capital Markets, second quarter earnings should confirm that the economy is growing reasonably well.

CNBC

This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.