Wall Street started off the week in high spirits after aluminum giant Alcoa (AA) kicked off the unofficial start of the Q2 earnings season. After the closing bell on Monday, the company reported a $119 million second quarter loss; the bellwether did, however, manage to beat analysts’ EPS estimates by one cent. Up ahead, investors will keep a close eye on the banking sector as JPMorgan Chase (JPM) and Wells Fargo & Co. (WFC) report their quarterly earnings. On the macro front, investors kept a close eye on the latest FOMC minutes and commentary from Ben Bernanke [see 25 Wild ETF Charts From 1H 2013].
Below, we highlight seven insightful articles circulating around the financial space this week:
- Looking at BKF and SPY, some think international investing is a zero-sum game (Price Action Lab)
- Bullish signals for small-cap equities (IWM) (Morpheus Trading Group)
- The second half of 2013 appears to have more downside risk than upside (Financial Sense)
- 66% of stocks in the S&P 500 are above their 50-day moving averages (Think B.I.G)
- Technical analysis – silver bear market (Factor)
- Roseneft agreement sparks new optimism in underpforming energy sector (WisdomTree)
- A new reason companies are holding onto cash hoards (Quartz)
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Disclosure: No positions at time of writing.