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E-Commerce Stocks Q2 Earnings on Aug 8: PCLN, TRIP, W, LVNTA

We are at the tail end of the Q2 earnings season, with only about 16% of the S&P 500 members yet to report. This week's lineup includes 35 index members including big names such as NVIDIA, Disney and Macy's.

Picture Emerging Thus Far

Per the Earnings Preview , as of Aug 4, 420 S&P 500 members, representing 86.7% of the index's total market capitalization, have already reported quarterly numbers. Total earnings of these companies are up 11.6% on a year-over-year basis (74.3% of the companies beat EPS estimates) while total revenue is up 5.6% on a year-over-year basis (68.3% of the companies beat top-line estimates).

Overall, second-quarter earnings for the index members are anticipated to be up 10% from the year-ago quarter on revenues that are estimated to increase 5.1%.

Technology Earnings Soar

We note that almost 86.2% of the total market capitalization in the technology sector has reported till now. Total earnings are up 16.5% on a year-over-year basis (82.6% of the companies beat EPS estimates) while total revenue is up 7.6% on a year-over-year basis (87% of the companies beat top-line estimates).

Technology is one of the three sectors that have contributed significantly to second-quarter earnings. The other two are Finance and Energy.

This sector has been a strong performer on a year-to-date basis. The sector is benefiting from increasing demand for cloud-based platforms, growing adoption of Artificial Intelligence (AI) solutions, Augmented/Virtual reality devices, autonomous cars, advanced driver assisted systems (ADAS) and Internet of Things (IoT) related software.

Stocks to Watch This Week

Let's take a sneak peek into three...


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