div > div.group > p:first-child"> Those international-oriented companies, with more than half of their sales generated overseas, are expected to see an earnings decline of 11.2 percent in the first quarter of 2019, according to FactSet.
"The U.S. economy seems stable, but an international slowdown eventually could spill over to the U.S.," Scott Wren, Wells Fargo's senior global equity strategist said in a note."International trade and forward-looking economic data still are weakening, particularly in Europe. China's growth should stabilize, but its economic stimulus probably cannot lift the whole world economy.
Executives from many companies have voiced concerns about the effects of slowing demand overseas and a global economic slowdown, leading some to cut earnings guidance. According to FactSet, 74 percent of companies have issued negative EPS guidance, which is above the five-year average of 71 percent.
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Well what did they expect with Trump and his art of the Deal. I mean he did get American businesses to happily pay that addition import Tariff-on their imports.
Business goes up.... business goes down....life goes on.
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