Next week will be another busy earnings stretch with some notable names reporting across a myriad of sectors that epitomize the good, the bad and the ugly.
First, the good... biotech has been one of the best performing sectors in a year of general market apathy. The group will be front and center early next week and here are some of the names to watch:
ESRX GILD MRK PFE VRTX AMGN SGEN
The bad sectors are kind of like the food at a sports bar... it's all varying degrees of bad but none of it is good.
Let's start with the least bad. Technology has been a mixed bag thus far with some names showing upside lately (i.e. GOOG and FB). Other parts of the sector have been burned, however. Cloud computing and virtual storage stocks have been punished and a strong quarter can do a lot to turn the tide back in their favor. Here are the names reporting next week:
AKAM EQIX TWTR YELP FB WDC FEYE LNKD SSYS YNDX STX
The debate surrounding the soundness of Chinese markets has been one story line throughout the second quarter and next week we'll hear from a couple of notable Chinese stocks (or at least stocks that are heavily exposed to China):
BIDU WYNN
Financials have been a mixed bag... the sector's performance has mirrored that of the overall market. Financials reporting next week include:
AMT MA MET
Finally, the ugly. Natural resources and energy stocks have gotten slammed this year as the rising dollar and supply/demand imbalances have caused the sectors to readjust. Next week, we'll get a look at the toll falling commodity prices have had on corporate bottom lines with the following names:
ARG APC NOV HES APD COP FLR LINE MPC VLO CVX XOM PSX
Other notable names reporting next week include:
CTRP GPN SPWR SCTY EA DECK EXPE PG TMUS
With all of the upcoming announcements, it is reasonable to assume that we will see idiosyncratic and systemic volatilites. Tomorrow, I will outline some trades to try to capture that vol.
First, the good... biotech has been one of the best performing sectors in a year of general market apathy. The group will be front and center early next week and here are some of the names to watch:
ESRX GILD MRK PFE VRTX AMGN SGEN
The bad sectors are kind of like the food at a sports bar... it's all varying degrees of bad but none of it is good.
Let's start with the least bad. Technology has been a mixed bag thus far with some names showing upside lately (i.e. GOOG and FB). Other parts of the sector have been burned, however. Cloud computing and virtual storage stocks have been punished and a strong quarter can do a lot to turn the tide back in their favor. Here are the names reporting next week:
AKAM EQIX TWTR YELP FB WDC FEYE LNKD SSYS YNDX STX
The debate surrounding the soundness of Chinese markets has been one story line throughout the second quarter and next week we'll hear from a couple of notable Chinese stocks (or at least stocks that are heavily exposed to China):
BIDU WYNN
Financials have been a mixed bag... the sector's performance has mirrored that of the overall market. Financials reporting next week include:
AMT MA MET
Finally, the ugly. Natural resources and energy stocks have gotten slammed this year as the rising dollar and supply/demand imbalances have caused the sectors to readjust. Next week, we'll get a look at the toll falling commodity prices have had on corporate bottom lines with the following names:
ARG APC NOV HES APD COP FLR LINE MPC VLO CVX XOM PSX
Other notable names reporting next week include:
CTRP GPN SPWR SCTY EA DECK EXPE PG TMUS
With all of the upcoming announcements, it is reasonable to assume that we will see idiosyncratic and systemic volatilites. Tomorrow, I will outline some trades to try to capture that vol.
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