Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to Dividend.com. Please help us personalize your experience.

Select the one that best describes you
Dividend logo

Earnings season is in full bloom this week, with a bevy of corporate reports scheduled for release. Wall Street is widely expected to continue its recent run of strong results, offering further evidence that the so-called earnings recession is behind us.

Financial research firm FactSet is forecasting a second-quarter earnings growth rate of 6.6% for the S&P 500. Nine sectors are expected to report higher earnings for the quarter, led by energy. However, optimism surrounding the energy sector is skewed given that the earnings growth rate is tabulated on a year-over-year basis. At this time last year, energy companies were still struggling with the effects of the oil-price collapse.

Energy stocks are part of the broader Basic Materials sector, which offers solid dividend plays for income investors.

On the data front, a pair of surveys from regional Federal Reserve banks will make headlines throughout the week, as will monthly reports on housing market conditions.

Bank earnings and economic data headlined last week’s calendar. To compare this week’s Market Glance with the previous edition, click here.


Economic Data

The week begins with the Empire State Manufacturing Survey, a leading indicator of New York factory activity. The report, which is released by the Federal Reserve Bank of New York, is based on a survey of 175 manufacturing executives.

To read the Full Story, Go Premium or Log In

Popular Articles

Premium Piece%20of%20wood

Look at That: Basic Material Stocks Are Hot Once Again

It’s hard to believe, but the recession, global credit crisis and downturn were roughly a decade...


Realty Income Corporation: Issuing Its 95th Dividend Hike

Realty Income Corporation (O ) is classified as a real estate investment trust (REIT) that owns,...

Premium Shutterstock 534956137

Use Your HSA First

When it comes to saving for retirement, the humble 401(k) is the top destination for your...