See It Market: Corporate Earnings Update: Banks Disappoint, Big Tech On Tap
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Summary:
- S&P 500 EPS growth for Q2 is set to come in at 4.2%, the lowest level since Q4 2020, and lower than expected at the start of the season
- Mostly disappointing results from banks push expected growth lower
- The LERI points to more companies showing signs of uncertainty heading into Q2 reports
- Earnings to watch this week: NFLX, TWTR, TSLA
- Peak weeks for Q2 season from July 25 – August 12
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