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

Industrial Giant Impresses with 19% Gain

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 Shutterstock 583226521

It’s Still All About Healthcare Costs

October is a critical month for retirees. It’s when they find out how much the cost of living...

Premium Shutterstock 529556089

Utility Stocks: Powering up or Powering Down?

For dividend seekers, utilities are often a great place to find them.

After all, we’ll always...


Kimberly-Clark: Passive Investment in a Tissue Company?

Most people probably know Kimberly-Clark (KMB ) as the “tissue company” whose name is...