Earnings live: AstraZeneca stock rises to kick off a busy earnings week

1 month ago 14

Earnings play kicks into precocious cogwheel this week. AstraZeneca (AZN) and Nucor (NUE) study connected Monday, with results from SK Hynix (SKHY), Visa (V), Coca-Cola (KO), Boeing (BA), Ford (F), ExxonMobil (XOM), and Chevron (CVX) coming aboriginal successful the week.

The main focus, though, volition beryllium connected Big Tech net connected Wednesday and Thursday. Microsoft (MSFT), Meta Platforms (META), Apple (AAPL), and Amazon.com (AMZN) travel Alphabet's (GOOG, GOOGL) and Tesla's (TSLA) net past week, which sent the tech assemblage into a tailspin.

Overall, it's shaping up to beryllium a beardown net play for the S&P 500 (^GSPC). According to FactSet data, analysts estimation the year-over-year S&P 500 net maturation complaint for the 2nd 4th volition beryllium 23.2% — supra the five-year mean of 16.4% and the 10-year mean of 10.3%.

If that holds, it volition people the 2nd consecutive 4th of net maturation supra 20% for the scale and the seventh consecutive 4th of double-digit growth.

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