Traders are gearing up for a busy week of corporate earnings results from the mega-cap technology stocks this week. This will come alongside a slew of economic data reports and a monetary policy decision from the Federal Reserve.
Next week’s earnings are of much significance for major market movements as over 160 S&P 500 companies along with four of the five “FAANG” companies would report quarterly results. Following is a list of company earnings scheduled for release July 26-30, along with earnings previews for select companies.
The technology sector has been the most impressive part of the stock market for some time now -- certainly over the past decade as it provided the propulsion for the longest bull market in U.S. history. One excellent way for investors to capitalize on the general trend of technological advancement -- but without betting on which companies will provide the breakthroughs -- is by buying technology-focused exchange-traded funds (ETFs). Two of the best technology-focused funds on the market right now are the Invesco QQQ ETF (NASDAQ: QQQ) and the Fidelity MSCI Informational Technology Index ETF (NYSEMKT: FTEC).