Market Analysis for the Week of July 25 - 29, 2011

The Week of July 25 - 29, 2011, promises to be a significant one for the markets, with numerous high-profile companies set to release their quarterly earnings reports. Among the notable highlights, Bank of America, Coca-Cola, and SunTrust Banks are expected to top their Q2 estimates, with top-line growth of 47% YoY for Coca-Cola and nearly 2% for SunTrust Banks. Meanwhile, the market awaits critical economic data releases, including the S&P/Case-Shiller Home Price Index, Consumer Confidence, and New Home Sales.

Key Takeaways:

• Bank of America topped Q2 estimates, focusing on putting mortgage uncertainty behind the company.
• Coca-Cola reported a top-line surge of 47% YoY, beating Q2 estimates.
• SunTrust Banks topped Q2 estimates, with a top line up nearly 2%.
• Baker Hughes, Eaton, Kimberly-Clark, Netflix, Anadarko Petroleum, Texas Instruments, Broadcom, and several other notable companies are scheduled to release their quarterly earnings.
• Economic data releases include the S&P/Case-Shiller Home Price Index, Consumer Confidence, and New Home Sales.
• SmarTrend, an automated pattern recognition system, identified downtrends in various stocks, including AAPL, SINA, and TESS.

Statistics:

• 47% YoY top-line growth for Coca-Cola (KO) in Q2.
• Nearly 2% top-line growth for SunTrust Banks (STI) in Q2.
• 5,000 stocks scanned daily by SmarTrend to identify changes in trend.
• 3,235 companies scheduled to release their quarterly earnings reports between July 25 - 29, 2011.
• 37 economic data releases scheduled for the week of July 25 - 29, 2011.

Sources:

• SmarTrend(R) Week In Review via COMTEX, July 22, 2011
• Comtex SmarTrend Alert, July 18, 2011
• Comtex News Network, Inc., SmarTrend scans over 5,000 stocks daily and alerts you when a change in trend is identified.
• Comtex News Network, Inc., SmarTrend is a registered trademark of Comtex News Network, Inc.