With investors divided over the prospects for equity markets heading into the second half of 2010, another highly anticipated earnings season kicked off last week, with mixed results. After a flat Monday, markets surged higher following a slew of impressive reports, only to retreat after some disappointing numbers from the financial sector and a shockingly low reading from the consumer confidence index to close the week. That caused many who had been banking on a stellar earnings season to reevaluate their outlook, and hope for a new catalyst to emerge from reports still to come [see Three ETF Ideas For The Third Quarter]. This week, earnings season continues with a number of bellwethers due to release second quarter results; among the biggest names reporting are Johnson & Johnson, Coca-Cola, 3M, Apple and Microsoft. Additionally, the European Union looks to release figures regarding its bank stress program on Friday, so look for [...] Click here to read the original article on ETFdb.com. Related Stories: Three ETFs To Watch This Week: EWZ, SMH, IYG Three ETFs To Watch This Week: TIP, SMH, FXM Three ETFs To Watch This Week: EWI, BNZ, FXF