A badly battered market sure could use a reason to rally right about now, and there’s nothing quite like boffo corporate earnings and outlooks to set one off.
First-quarter earnings season moves into a higher gear next week, with a slew of big names jammed into just four days of trading. (Markets are closed for Good Friday.)
With stocks stuck in a selloff, investors will be praying that some of the biggest names can help arrest the slide with Street-beating results and outlooks.
If anything, it’s been especially frustrating to have markets tumbling without an obvious smoking gun. Momentum stocks and biotechnology shares are leading stocks lower, but for no discernible reason. That’s only adding to the anxiety.
Investors need a story to go with what’s happening in share prices — even if that narrative is usually wrong. With no rhyme nor reason for the April swoon, the peak weeks of corporate earnings only come into greater relief.
True, some great earnings news won’t necessarily help stocks find their footing, but we shudder to think what the opposite could mean.
Here are five key earnings reports on tap next week that better not disappoint the Street if the market hopes to get this selloff under control: