Following a thrilling week of stock market gains, earnings season has here. Analysts and firms have reduced their profit forecasts for the second quarter. However, early reports reveal that investors are quickly rewarding results that exceed those minimal expectations. This creates a positive tension as the market enters full reporting season in the next week.
Tesla (TSLA) and Netflix (NFLX) are at the top of the earnings list. However, United Airlines (UAL) and Delta Air Lines (DAL) report, as do Dow Jones companies such as Goldman Sachs (GS) and Johnson & Johnson (JNJ). On Tuesday, June retail sales data might potentially influence the market.
Stock Market Leaders: Five Stocks That Are Currently At Buy Points
A flurry of equities rose over purchase points in stock market activity this week, as the S&P 500 and Nasdaq raced to new 52-week highs. Many major stocks have been extended, but those who search carefully may still identify a handful that are still trading. Advanced Micro Devices (AMD) recovered from the 21-day and 10-week lines on Friday, providing an early entrance.
Cloudflare (NET) recovered late in the week to clear an early entry and is on the verge of a six-week breakout. Shift4Payments (FOUR) is attempting to break above a critical resistance region while remaining above 10-week support. This week, Arista Networks (ANET) broke above a trendline and short-term levels. On Holding (ONON) is poised for a major breakthrough.