A fresh batch of earnings are set to come out next week, ranging from Big Tech companies to major pharmaceutical names, and analysts think some names could post stand-out results.
Roughly 19% of S & P 500 companies are set to report next week, including megacap names such as Apple, Microsoft and Amazon.
Thus far, about 22% of companies have reported earnings for the fourth quarter, with nearly 74% of those names surpassing expectations, FactSet data shows.
Nearly 20 analysts have revised their quarterly earnings estimates upward.
Other companies that have earnings momentum heading into next week include Hartford Financial Services and A. O. Smith Corporation , both of which have received roughly 20 earnings estimate revisions in the past three months.
Persons:
FactSet, Brent Thill, Thill, AMZN, Tal Liani
Organizations:
Big Tech, Apple, Microsoft, CNBC, Jefferies, Amazon, MGM Studios, Royal, Qualcomm, Bank of America, Hartford Financial Services, Smith Corporation
Locations:
Wednesday's