Financial reports from USA this week

About a quarter of S&P 500 companies report earnings in the coming week, and that could be a positive catalyst for stocks as worries about Greece and China drift into the background.

So far, just several dozen companies have reported, and the usual 70 percent-plus beat on the top-line, while just about half beat on revenue. Among the names reporting next week are Apple, IBM, American Express, General Motors, Boeing, Coca-Cola and Amazon.com.

There is very little economic data, but there are reports on existing and new home sales on Wednesday and on Friday, respectively. Markit PMI for the U.S. and the Euro zone is released on Friday.

 Varchev Traders

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