Stock Pickers Sidelined With World Events Overshadowing Earnings

-- Earnings season typically is the time when investors can look past macroeconomic forces and focus on company-specific news moving stocks. This quarter, however, is turning out to be anything but typical.Individual shares have, of course, reacted to earnings announcements in the week or so since Corporate America started reporting results.

“Macro is dominating the narrative again,” Quincy Krosby, chief global strategist at LPL Financial, said by phone. “The situation in the Middle East obviously weighs on sentiment.” Discerning winners from losers, at least in the immediate aftermath of corporate results, has been challenging: For example, 92% of the S&P 500 members rose Monday, and three other days since Oct. 13 saw at least 82% of shares moving in the same direction.Investors are looking to earnings next week from a slew of Big Tech giants for signs of whether Wall Street projections are too optimistic since the market has been punishing results that fall short of expectations.

The all-or-nothing days, a feature of the stock-market rout in 2022, have become more pronounced since the breakout of war in the Mideast, but they’ve been staging a comeback since mid-September. He points to positive Wall Street revisions to profit outlooks for the firms such as Apple Inc. and Microsoft Corp. over the past month as a sign of strong fundamentals in the group despite the worrisome global backdrop.

This Canadian tax credit could bring in up to $5,000 in a lifetime! But given it's refundable, use that refund to put straight towards your future. The post Are You Eligible for the $5,000 From This Canadian Tax Credit? appeared first on The Motley Fool Canada.Here are two of the best TSX growth stocks you may want to buy if the stock market falls again. The post 2 TSX Growth Stocks You Should Buy in Bulk During the Next Market Slip appeared first on The Motley Fool Canada.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nokia stock drops on earnings, job cutsShares of Nokia (NOK) tumble lower on the company's third-quarter earnings miss, reporting a 20% decline in sales. The company plans on cutting 16% of its...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Blackstone stock falls on earnings missBlackstone (BX) shares are trading in the red Thursday afternoon after the company reported a twelve percent drop in quarterly profit available to...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Morgan Stanley Sheds Last Negative Rating Despite Earnings SelloffAfter Morgan Stanley reported earnings results earlier this week, shares tumbled the most in more than three years.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

The Week Ahead: Bank of Canada rate decision, oil and tech earningsA look at what investors will be watching in the upcoming week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Even strong earnings might not be able to save stocksEarnings haven't driven the stock market higher despite a number of beats in Q3 so far. Bond yields remain investors' focus.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »