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Earnings season is a critical test for a stock market on the road back to a record

Earnings season is a critical test for a stock market on the road back to a record

  • The big banks are the first wave of companies to report third quarter earnings, a critical test as stocks attempt to regain highs.
  • Analysts are watching to see if companies are more forthcoming with guidance, which many abandoned after the virus-related shutdowns.
  • JPMorgan reports Tuesday, and it is the bellwether traders are watching to see if its stock can break higher.



a group of people standing in a room: Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020.


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Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus disease (COVID-19) on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 26, 2020.

The big banks start off third quarter earnings season, and investors will be most focused on guidance to see if earnings can propel the market back to its highs.

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The S&P 500 closed at 3,534 Monday, about 1.5% from its previous high.

Banking bellwether JPMorgan reports Tuesday morning, as do Citigroup and BlackRock.

Delta Airlines and pharmaceutical maker Johnson and Johnson also report Tuesday. Bank of America, Goldman Sachs, Wells Fargo and PNC release earnings Wednesday.

“The bank stocks haven’t done anything in nine months. If JPMorgan is solid, and traders can’t sell it down, the banks could help take S&P to the highs of the year,” said Scott Redler, partner with T3Live.com. He said technically the market is in good shape, with big tech taking the lead Monday after a rest last week, but a broad group of stock also participated in the rally.

“JP Morgan has critical range resistance at $105 to $107. If it could get above that, it could open the door for a better move in to year end,” said Redler.

Analysts say they are looking for much more in the way of guidance this quarter, after many

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Here are 3 things to watch for as earnings season kicks off amid continued economic recovery, according to LPL

Here are 3 things to watch for as earnings season kicks off amid continued economic recovery, according to LPL

NYSE trader


  • With earnings season set to officially kick off on Tuesday, LPL is out with a list of three things to watch for in company results.
  • LPL expects management teams to instill confidence in investors as an economic recovery from COVID-19 is well underway.
  • “Mostly better-than-expected economic data during the quarter is a positive indication of earnings surprises,” LPL noted.
  • Here’s what to watch for in the upcoming third quarter earnings season, according to LPL.
  • Visit Business Insider’s homepage for more stories.

Investors will have a lot to digest over the coming weeks as third quarter earnings season kicks off amid an ongoing economic recovery from the COVID-19 pandemic.

According to FactSet, consensus estimates call for a 20% year-over-year decline in earnings per share, but LPL expects that figure to be “quite a bit better,” according to a note on Monday.

Over the past three months, consensus estimates have been improving for third quarter earnings, rising by about 4%, LPL observed. 

This represents a “good sign that companies may be able to deliver more than the typical upside,” LPL said, adding that it expects management teams “to instill confidence” in investors that the earnings rebound might materialize. 

US economic data in recent months is also supportive of this season’s corporate earnings, LPL explained. “Mostly better-than-expected economic data during the quarter is a positive indication of earnings surprises,” LPL said.

Here are three things to watch out for this earnings season, according to LPL.

Read more: A $2 billion fund manager says market volatility is here to stay for the long-term. He breaks down his best recommendations for the new normal – including 4 of his favorite stocks.

1. The impact of COVID-19

“The increase in analysts’ earnings estimates reflects increased confidence in the outlook, even with

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With 2019-20 Season Over, NBA Must Now Confront Tough Financial Reality Ahead

With 2019-20 Season Over, NBA Must Now Confront Tough Financial Reality Ahead

The longest season in NBA history ended Sunday night with the Los Angeles Lakers defeating the Miami Heat, 106-93, to win their 17th championship in franchise history.

Now comes the hard part for the NBA. With the coronavirus pandemic showing no signs of disappearing anytime soon, the league must begin planning for its 2020-21 season amid unprecedented uncertainty.

The NBA sets its salary cap each year based on the projected basketball-related income for that season. That tends to be a relatively straightforward calculation, as the league can plan to have a full 82-game regular season and four-round postseason with fans in attendance.

However, the 2020-21 season will likely be the exception to that rule.

NBA Commissioner Adam Silver recently told CNN’s Bob Costas that the league hopes to play “a standard, 82-game season and playoffs” next year. He added that the “goal would be to play games in home arenas in front of fans,” although he noted “there’s still a lot that we need to learn in terms of rapid testing, for example.”

That could have a dramatic impact on next year’s salary cap, creating a potentially massive headache for the NBA and National Basketball Players Association in upcoming negotiations.

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Yankees’ season ends on Mike Brosseau homer off Aroldis Chapman

Yankees’ season ends on Mike Brosseau homer off Aroldis Chapman

SAN DIEGO – On the Tampa Bay Rays’ side, Mike Brosseau’s tie-breaking homer was a beautiful form of poetic justice.

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The Creative Co-Lab Launches 2nd Season Of The Broadway & Beyond Podcast

The Creative Co-Lab Launches 2nd Season Of The Broadway & Beyond Podcast

The Creative Co-Lab Launches 2nd Season Of The Broadway & Beyond Podcast

The Creative Co-Lab is a Houston/ NYC based interdisciplinary ensemble of singers, actors, dancers, poets, playwrights, directors, and choreographers who use the stage and media as a medium to educate, empower and entertain the community. The Creative Co-Lab was founded in 2015 by Bryan-Keyth Wilson; The Creative Co-Lab produces original works with a revolving ensemble as well as podcasts and special events.

In May of 2020, Bryan-Keyth Wilson launched a new podcast at the start of the COVID-19 pandemic as a means to connect with other creatives to discuss the state of the commercial theatre as it relates to the current civil unrest within our world and the uncertainty of the American Theatre. Broadway & Beyond focuses on current Broadway News and Headlines, but there is a beyond segment where the podcast delves into social justice issues, entrepreneurship, and more. This season the podcast featured two co-hosts LaTreva and Hiko. Both LaTreva and Hiko bring a different perspective and experience to the podcast.

Last season special guests include Melba Moore, Michael Korte, and Tonya Pinkins just to name a few. This season so far guests include actress Tamiyka White and Entertainment Attorney Alexandria C. Scott. Also, a bonus episode was included with guest Jacqulyn Bell of Bell Arts Entertainment.

Bryan-Keyth Wilson says, “We do not put on airs with our podcast experience. We address real issues from a perspective that is accessible to everyone. While professional theatre is the main idea we like to talk about real issues and headlines in the world. “

Fans of the podcast can contact Bryan-Keyth Wilson via email at creativecolabtx@gmail.com to provide feedback and ideas for the podcast or to become a guest on the show also follow us on Instagram @bwayandbeyond.

To listen to the podcast, visit https://anchor.fm/bryan-keyth-wilson or on Spotify and Apple

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