Earnings season has been one the bulls would like to forget with selling pressure being put on companies beating estimates and those missingTwo fintech companies grabbed our attention for preliminary earnings announcements, both with full reports due out this month
November through mid-January is often when the bulls overtake the reins, though. The “Santa Claus Rally” doesn’t technically begin until after Christmas, but holiday cheer sometimes overpowers October fear. Can we always count on seasonal technical trends to persist? Of course not. Just look back to the dismal Q4 of 2018 for an instance when history fails to rhyme.What might it take for stocks to reverse course after three dismal months? Maybe nothing special.
INTU turned lower in September following headlines that the Federal Trade Commission ruled against the tax software giant, suggesting that the company engaged in “deceptive advertising.”Then, a $4 billion debt offering may have been unnerving to shareholders given the steep rise in borrowing costs over the previous several months.Nevertheless, analysts expect earnings to have grown substantially compared to year-ago levels when it reports full Q1 2024 results on Tuesday, November 28 AMC.
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La source: MarketWatch - 🏆 3. / 97 Lire la suite »
La source: MarketWatch - 🏆 3. / 97 Lire la suite »