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The heaviest part of earnings season has passed, but there are still plenty of notable names left to report. Among the biggest companies on this week's earnings calendar are electronics retailer Best Buy (BBY, $70.65), chipmaker Nvidia (NVDA, $163.85) and discount goods chain Dollar General (DG, $189.63).
First-quarter earnings season so far has been solid by just about any measure, says Jeff Buchbinder, equity strategist at independent broker-dealer LPL Financial.
An impressive 78% of S&P 500 companies have beat earnings estimates for the quarter, slightly outpacing the long-term average of 77%, Buchbinder says. And 74% of S&P 500 firms reported higher-than-expected revenue - beating the five-year average of 69%, he adds.
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"In this inflationary environment, the revenue is coming through," the strategist says. "But it is profit margins that were the biggest test for corporate America this quarter, and companies passed that test with flying colors. Not only did margins hold up well quarter-over-quarter - falling less than anticipated - but analysts' estimates for margins going forward still show margin expansion from current levels."
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It has been a heavy stretch for retail earnings, and based on
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