CNBC is reporting that this is the biggest earnings week EVER, with nearly 200 companies from the S&P all reporting in a single week. Cramer mentions there’s no way we can get through all of this data in a single week which is why the first initial reaction from stocks reporting is normally the wrong reaction. He used $CAT & $INTC as examples from last quarter.
In summary, watch out for landmines this week. If you hold multiple positions in your account, you are likely to have a least one reporting this week. Earnings Whispers has put together a great calendar of the most popular companies reporting, see below:
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— Earnings Whispers (@eWhispers) April 22, 2017