The peak weeks of earnings season are now behind us and so far investors have very little to hang their hats on. The season started with better-than-expected results from the airlines and has continued with strong numbers from the tech sector. This week, retailers and the remaining tech companies take the stage with hopes of maintaining the momentum of the past few weeks.
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Ahead of this week's reports, earnings revisions activity has been running rampant in both directions. Earnings momentum ahead of a report is often predictive of a beat or a miss. NVidia is the one standout this week, fielding the largest upward revisions ahead of its report, while Yelp, SolarCity and Kohl's are trending downward given their inability to deliver sustainable growth.
Year-to-date stock performance