CNBC is reporting that this is the biggest earnings week EVER, with nearly 200 companies from the S&P all reporting in a single week. Cramer mentions there’s no way we can get through all of this data in a single week which is why the first initial reaction from stocks reporting is normally the wrong reaction. He used $CAT & $INTC as examples from last quarter.
In summary, watch out for landmines this week. If you hold multiple positions in your account, you are likely to have a least one reporting this week. Earnings Whispers has put together a great calendar of the most popular companies reporting, see below:
#earnings $AMZN $MSFT $TWTR $GOOGL $INTC $CLF $X $AKS $RAD $CMG $F $HAL $FCX $SBUX $CAT $KO $SWKS $XOM $MCD $T $HAS https://t.co/lObOE0dgsr pic.twitter.com/qhkR7KKeMq
— Earnings Whispers (@eWhispers) April 22, 2017