Most anticipated earnings this week
It’s a big week for tech earnings and big tech profits will be pivotal for growth stocks. Of the 19% of the S&P500 that has reported so far, 77% are beating estimates.
The U.S. consumer is holding up by some measures despite sticky inflation, but spending is shifting from goods to services as society re-opens.
Overall demand is strong, though supply chain issues and cost pressures are hurting margins, a reason why many companies, so far, have decided to not raise their full-year outlook.
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