Market Analysis for the Week of July 25

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
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