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Weekly Earnings "Drama" for a Sleeping Market...

Second quarter earnings continue to pour in this week as the market gets its last push of activity before the start of the unofficial summer break that is the month of August.

You can be forgiven for thinking the market is already on vacation as the S&P remains stuck in a sideways sludge through a tight range.  Moving averages for the broad index have collapsed on top of one another and are indecipherably intertwined like half-eaten day-old spaghetti... this can often lead to false signals as traders look for the breakout.

Breakout patterns that follow a consolidation can be strong, however, as the market or individual stock have built up energy that is waiting to be released... like a coiled spring.


WHAT'S ON TAP

Some of the big names to report this week will release another chapter in their respective unfolding melodramas.

None bigger than the soap opera that is HLF... the much debated name will release second quarter earnings after its stock had a solid run following a less-worse than expected first quarter earnings report.

Other names that will make headlines include: TSLA, FSLR, GMCR, SODA, COH and KORS.

Here's the rundown of names to watch:

CONSUMER:
CTRP
ATVI
COH
DIS
CBS
DISH
PCLN
GMCR
HLF
SODA
TSLA
KORS
MNST
NUS
TAP

ENERGY:
DVN
FSLR
HFC
MRO
TSO
APA
SUNE

TECH:
CTSH
BITA
MBLY
NVDA

BASIC MATERIALS/NATURAL RESOURCES:
ABX
AGU
ADM
CF

HEALTHCARE/BIOTECH:
BMRN
ICPT
MNK
ZTS
BDX

FINANCIALS:
AIG
AET
Z

INDUSTRIALS:
DDD

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