July 11, 2026 | Tech Talk for Saturday July 11th 2026

Donald Vialoux is author of the free blog Tech Talk, a daily investment report available during the past 20 years at www.timingthemarket.ca. Comments focus on the seasonal and technical outlook for equity indices, commodities and sectors. Mr. Vialoux has 53 years of experience in the investment industry and is a past president of the Canadian Society of Technical Analysts (CSTA).
The Bottom Line
The “summer rally” for the S&P 500 Index from June 27th until at least July 17th continues.
Here comes a flood of second quarter earnings reports by major U.S. companies! Focuses this week are on reports released by money-center U.S. banks.
Earnings and Revenue Consensus for S&P 500 Companies
Source: www.factset.com
Analysts issued minor changes to their 2026 earnings and revenue estimates last week
- Consensus for second quarter 2026 earnings gains increased to 23.6% from 23.3% last week. Consensus for revenue gains increased to 12.3% from 12.2%.
- Consensus for third quarter 2026 earnings gains slipped to 26.6% from 26.8%.last week. Consensus for revenue gains slipped to 10.6% from 10.8%.
- Consensus for fourth quarter 2026 earnings gains slipped to 24.2% from 24.4% last week. Consensus for revenue gains increased to 10.7% from 10.4%.
- For all of 2026, consensus for earnings gains increased to 24.2% from 24.1% last week. Consensus for revenue gains slipped to 10.7% from 10.8%.
- For all of 2027, consensus for earnings gains is 17.4% and consensus for revenue gains is 8.2%.
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Don Vialoux July 11th, 2026
Posted In: Tech Talk
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