With the earning results of NVIDIA Corporation (NASDAQ:NVDA), Priceline Group Inc (NASDAQ:PCLN), Walt Disney Co (NYSE:DIS), Tripadvisor Inc (NASDAQ:TRIP) and Macy’s Inc (NYSE:M) set to be announced, Only 16% of the 500 S&P members are yet to discuss their earning. There are a lot of reports in the retail sector which is about to come. More than 35 index members will be reporting their result this week and then the Q2 earning season will end along with 91% of the members reporting their details.
The Q2 seasons have turned out to be quite profitable. The key factors include growth which has been broad based and it has reached double digits for the second quarter back to back. The key earnings report this week has seen results from more than 700 different firms and it even includes 35 from S&P 500 index. Let us see a list of some of them and what they revealed.
The shares of NVIDIA Corporation (NASDAQ:NVDA) have been on fire ever since the last earning reports were released on May 9th. Back on May 9th, the stock was down by -3.5% but ever since then; the company has been putting up a great performance. Till now, NVIDIA Corporation (NASDAQ:NVDA) stock has now been up by +57.3%. This has even outperformed the semiconductor industry which saw a growth of +17% and even tech sector which saw a gain of +17.2%.
Walt Disney Co (NYSE:DIS) shares had led the chart through April 27th this year but they have been quite a bunch of underperformers ever since, Walt Disney Co (NYSE:DIS) stock has gone up by +3.3% in the period dating from the end of year to now. ESPN franchise has been a drang on Disney earnings with downtrend of subscribers.
Priceline Group Inc (NASDAQ:PCLN) has been an amazing performer and the stock has been up by +38.5%. Macy, on the other hand, seems to be facing a struggle. Priceline Group Inc (NASDAQ:PCLN) stock has been down by -34.7% in the year to date period. PCLN is expected to continue its strong performancece and upward earning trend.
Macy’s Inc (NYSE:M) is set to announce downsizing of its store during the earning call, Macy’s Inc (NYSE:M) stock has been -34.7% in the year-to-date period vs. -24.2%. Analysts expect $0.44 per share in earnings which is down by -18.3% year on year.