Talk of an earnings recession is so last-week. With numbers in for just over 20% of S&P 500 members, the latest growth prediction stands at negative 3.3%. That’s as good as a gain, and it pushed market indexes to new highs on Tuesday.
Two things we knew going into reporting season were that the earnings growth consensus stood at negative 4.3%, and that companies would surely surprise to the upside. They almost always do. The only question was whether it would be a big surprise or a small one.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
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.
The London Stock Exchange is trialing blockchain for stocksThe London Stock Exchange (LSE) has allowed technology company 20|30 to sell shares worth around £3 million ($3.9 million) in tokenized form.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Health-care stocks keep getting hammered — Wall Street says this is whyFour of the Dow Jones Industrial Average’s 10 biggest losers on Wednesday were health companies, including UnitedHealth Group Inc., Merck & Co. , Pfizer...
Source: MarketWatch - 🏆 3. / 97 Read more »
Plunge in Health-Insurance Stocks Recalls ‘Dark Days’ of the Financial Crisis'In recent days the stocks have behaved more like they did in the dark days of 2008-2010, when we were dealing with relentless EPS guidance cuts, a global stock market meltdown, a severe global economic recession, and a deeply unsettling ACA sausage-making process in D.C.,' Stephens analyst Nobody deserves dark days more than the CEOs of health insurance companies making $30,000,000 a year for deny patients' care that they need according to physicians
Source: YahooNews - 🏆 380. / 59 Read more »
Stocks This Week: Short IBM And MattelThe market is likely to correct this week so short sales are recommended.
Source: Forbes - 🏆 394. / 53 Read more »
Indian stocks surge to new highs again as election season goes into full swingIndia's benchmark stocks surged to fresh highs this week — after busting a record already once this month, as elections go into full swing in the world's largest democracy. Indian stocks surge to new highs again as eating contest season goes into full swing
Source: CNBC - 🏆 12. / 72 Read more »
Dow transports soar to buck broader stock market slump, led by CSX and United ContinentalThe Dow Jones Transportation Average soared 120 points, or 1.1%, in midday trade, as better-than-expected earnings reports helped the transportation sector...
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks making the biggest moves midday: Qualcomm, Morgan Stanley, CSX & moreThese are the stocks posting the largest moves midday Wednesday.
Source: CNBC - 🏆 12. / 72 Read more »