Tech is a big industry involving companies from chipmakers to social networks. And starting next week, investors will have a much better sense of the health of many of these companies.
Analysts expect to see second-quarter earnings for the tech sector to climb about 7 percent—lower than energy, consumer discretionary and telecom, but higher than financials, utilities and consumer staples, according to FactSet. For revenue, analysts expect growth of 5.4 percent, double the overall market's revenue growth.
Wall Street strategists say many tech companies have undergone significant structural reform in terms of how they now manage their businesses.
"They have the strongest balance sheets of most companies in America, and very strong cash flow," says Brian Belski, BMO's Chief Investment Strategist, adding that, since 2000, tech companies have had some of the most stable earnings growth in the S&P 500.
Yahoo kicks off the parade next Tuesday. Analysts expect the company to report revenue of $1.1 billion, which would amount to basically flat year-over-year growth. Investors are frustrated with the lack of a turnaround, and they've sent the stock lower this year.