Wall Street Week Ahead: U.S. earnings improvement expected, but still a weak quarter

Overall, S&P 500 quarterly results tend to beat analysts’ cautious expectations, and they could do that even more than usual this reporting season, strategists said. In a break from the typical trend, guidance from U.S. companies has been more positive than negative and estimates have been improving in recent weeks to reflect more upbeat guidance.

That could weigh on fourth-quarter guidance and overshadow some of the better-than-expected results, he said. Earnings season comes as the nation also prepares for the Nov. 3 U.S. presidential vote, which lands in the middle of one of the heaviest weeks of profit reporting. That, along with focus on prospects for additional fiscal stimulus from Washington, could overshadow earnings news.

“Firms that reported Q3 already have declined 1% on average despite the big beats, suggesting the bar is much higher for investors,” UBS strategist Keith Parker wrote in a note.

Such animosity, but interesting how they have time to tell people like you, these people are just playing politics, and journalists like you perpetuate them, there’s no honesty here

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Wall Street analysts are gaining more confidence in stocks like Procter & Gamble and Papa John'sNew for subscribers: Wall Street analysts are gaining more confidence in stocks like Procter & Gamble and Papa John's Check out CNBCPro today. Pro
La source: CNBC - 🏆 12. / 72 Lire la suite »

Wall Street’s top analysts are betting on buy-rated stocks like DraftKings and Etsy right nowYour weekend brief: Wall Street’s top analysts are betting on buy-rated stocks like DraftKings and Etsy right now This headline makes 0 sense. Short DraftKings and Etsy
La source: CNBC - 🏆 12. / 72 Lire la suite »

Third-quarter earnings season kicks off this week and results should be much better than expectedOf the 22 S&P 500 companies that already reported, 20 beat estimates, a much higher beat rate than usual. Of course they will! If my old sales manager set my goals like Wall Street analysts set expectations, I would have blow away my quota every quarter.
La source: CNBC - 🏆 12. / 72 Lire la suite »