ALWAYS CONSULT YOUR INVESTMENT PROFESSIONAL BEFORE MAKING ANY INVESTMENT DECISION
July 25, 2026 | Tech Talk for Saturday July 25th 2026
Don Vialoux
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
Focuses this week are on:
- Quarterly reports by Meta Platforms and Microsoft on Wednesday, and Amazon on and Apple on Thursday.
- FOMC decision on interest rate on Wednesday.
- U.S. inflation rate based on PCE Core Price Index released on Thursday
Earnings and Revenue Consensus for S&P 500 Companies
Source: www.factset.com
Analysts increased their 2026 earnings and revenue estimates significantly last week after Alphabet reported an extraordinary gain. Twenty seven percent of S&P 500 companies have reported to date.
- Consensus for second quarter 2026 earnings gains increased to 37.9% from 24.7% lastweek. Consensus for revenue gains increased to 13.2% from 12.8%.
- Consensus for third quarter 2026 earnings gains increased to 27.3% from 27.0%. lastweek. Consensus for revenue gains increased to 10.9% from 10.8%.
- Consensus for fourth quarter 2026 earnings increased to 24.9% from 24.6% last week. Consensus for revenue gains slipped to 10.5% from 10.4%.
- For all of 2026, consensus for earnings gains increased to 27.3% from 24.5 % last week. Consensus for revenue gains increased to 11.0% from 10.9%.
- For all of 2027, consensus for earnings gains dropped to 15.3% from 17.5% last week
and consensus for revenue gains increased to 8.3% from 8.2%.
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Don Vialoux July 25th, 2026
Posted In: Tech Talk