Tech Earnings Dominate Market Focus as Disney and Palantir Kick Off Week
Amazon, Alphabet, Palantir, AMD, and PayPal headline the busiest earnings week of the season, with 77% of companies surpassing estimates. The S&P 500 eyes its fifth consecutive quarter of double-digit earnings growth, currently tracking at 11.9%.
Disney's pre-bell report Monday sets the tone, with analysts wary of theme park attendance declines. Deutsche Bank notes a 4% domestic drop last quarter, citing Universal's Epic Universe as a potential disruptor. Palantir follows after the close, riding momentum from last quarter's beat and raised guidance. RBC remains skeptical, questioning its premium valuation despite projected 60% earnings and revenue jumps.