— This is the script of CNBC's news report for China's CCTV on July 14, Monday.
Welcome to the CNBC Business Daily, I'm Qian Chen.
Analysts expect to see earnings for the tech sector climb about 7%. Now that would be less than telecom and consumer discretionary stocks but more than financials, utilities and the overall S&P index, according to Factset. Analysts expect to see revenue growth of 5.4%. That would be double the 2.7% expected for the overall market.
Now, yahoo kicks things off tomorrow. Analysts expect basically flat year over year growth but youssef squali Cantor Fitzgerald says CEO Marissa Mayers's focus on product improvement and user engagement will eventually pay off.
Intel also reports tomorrow. A few weeks ago, the chip giant raised estimates because of stronger demands for commercial PCs. Intel now expecting 2nd quarter revenue of 13.7 billion. Net stock, by the way, near a 10 year high but the question for investors is whether any of that PC optimism is going to spread to the consumer side of the business.
Wednesday, we hear from ebay. That stock down about 6% this year but Scott Kessler, S&P's internet analyst, he's telling clients to buy. He says it's trackedly valued and aruges paypal will remain the dominant player in the digital payments market.
And on Thursday, google investors, will focus on search volume and pricing which has been falling. That's because advertisers don't want to spend as much on mobile ads. Josh Lipton, CNBC, Silicon Valley.
That wraps up this edition of the Business Daily.
I'm Qian Chen, reporting from CNBC's Asian headquarters.