It is a big day for earnings, both in terms of companies reporting and in terms of interest, with 122 reporting after the close including Facebook #FB, AMD #AMD, Viza #V, PayPal #PYPL, Ford #F, Align Technology #ALGN, Gilead #GILD, Qualcomm #QCOM, ServiceNow #NOW, Las Vegas Sands #LVS, Vertex Pharma #VRTX, and O’Reilly Auto #ORLY.
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There are approximately 170 companies scheduled to report tomorrow before the market opens and investor focus will be on MasterCard #MA, McDonald’s #MCD, Celgene #CELG, Under Armour #UAA, Raytheon #RTN, American Airlines #AAL, Spotify #SPOT, Nokia #NOK, Comcast #CMCSA, Abiomed #ABMD, Southwest Airlines #LUV, and WWE #WWE.
Shares of Celgene have broken a downward trend line going into earnings.
While strength has continued to show strength so far this earnings season, PayPal appears to still have upside room after breaking through resistance, retesting, and now heading higher once again going into earnings.
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