Earnings Predictions for the Week Beginning October 23, 2017
Profit From Masses Of Companies Reporting
During The Earnings Season!
There will be another round of quarterly earnings from a slew of blue-chip companies, like Exxon Mobil (XOM), McDonald's (MCD), and Intel (INTC) in the week ahead. FAANG stocks Alphabet (GOOGL) and Amazon are also expected to release earnings this week.
Also, the advance reading on gross domestic product (GDP) is slated to be released Friday, which will give traders a glimpse into third-quarter growth.
The Dow Jones Industrial Average (DJIA), S&P 500 (SPX), and Nasdaq Composite (IXIC) all chalked up new record highs this week, with the Dow closing above the 23,000 mark for the first time ever on Wednesday -- its best day in a month -- thanks to impressive earnings from IBM. Tax reform hopes helped the Dow and SPX extend their win streaks to a sixth day on Friday, after the Senate passed a budget plan.
And the optimism continues…..
Best of Trading,