Filed under: Before the bell, International markets, Earnings reports, Market matters, Aetna Inc (AET), Verizon Communications (VZ), Amgen Inc (AMGN), Economic data, Honeywell Intl (HON), Oil, Housing, Federal Reserve

U.S. stock futures advanced Monday morning, ahead of yet another week full of corporate reports, with some heavyweights already reporting this morning. Investors will be looking to see if results continue to top projections on average. Meanwhile, investors will digest some of Bernanke’s remarks as they await more housing data due out after the market opens.

[Update 9:00 a.m.: Futures turned direction following several disappointing earnings reports this morning.]

Markets have rallied the past two weeks alongside earnings season. This week, over 140 companies of the S&P 500 are due to report. This morning it is Aetna (NYSE: AET), Amgen (NASDAQ: AMGN), Honeywell International (NYSE: HON) and Verizon Communications (NYSE: VZ). Analysts are raising U.S. profit estimates for the first time since credit markets froze two years ago, with the S&P 500 earnings estimates now at $74.55 a share next year, up from $72.54 in Might, indicating a potential 26 percent increase in the S&P 500.

Continue reading Before the bell: Futures lower as earnings season conitnues

Before the bell: Futures lower as earnings season conitnues originally appeared on BloggingStocks on Mon, 27 Jul 2009 07:40:00 EST. Please see our terms for use of feeds.

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This entry was posted on Monday, July 27th, 2009 at 7:55 am and is filed under Real Estate and Housing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.