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Earnings Talk: Tech Rules, What’s on Tap This Week

You’ll see a noticeable change in the length of the earnings calendars from this point on, indicating we’re now past the heart of earnings season. There are still some game-changers in the lineup though.

As for how the market fared so far (with 80% of companies reporting), about 67% of companies topped their EPS estimates, and 61% beat their revenue estimates. That’s pretty much the norm.

The most surprises came from the consumer discretionary and technology sectors. A full 82% of consumer discretionary stocks beat estimates, while more than 91% of technology companies topped last year’s earnings.

Technology stocks also saw the biggest revenue increases; 96% of these companies beat last year’s comparable revenue levels. The financials generated the most beats of revenue estimates, with 87% of its stocks doing more sales than expected.

Here’s what’s in store for this week.

Earnings Calendar

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James Brumley is a freelance writer and registered investment advisor. He began his career as a broker with a major Wall Street firm, where fundamentals and long-term holding periods were core strategies. After that, he switched gears completely, becoming an analyst at a short-term trading newsletter that focused on technical analysis. He now manages client money using the best of both philosophies. His company, Bluegrass Portfolio Management, offers investors an opportunity to reap superior returns with minimized risk.