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Finance For Dummies

Finance For Dummies offers personal finance information on investing, retirement investing, finance, insurance, credit cards, loans and more. Personal finance education is our goal.

Sunday, July 09, 2006

Earnings Season for Wall Street

The 2nd Quarter numbers are ready to come out for many companies this week. This should help the stock market which has lagged for most of the year (S&P 500 YTD: 1.38%). General Electric and Alcoa will lead the charge out of the box this week and many expect great earnings results from both companies. Some insiders believe that with the possibility of a lot of good news this week investors can look for gains in the overall stock market this week. On the other hand there is a camp that think those gains have already been priced into the stock market so they believe the Q2 earnings numbers will just help the market support itself and not so much for gains this week.

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