Guidance is 'crucial' in Q2 earnings: Strategist

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Quincy Krosby News

LPL Financial

LPL Financial chief global strategist Quincy Krosby joins Catalysts to break down the state of the market as the second quarter earnings season is underway. ...

LPL Financial chief global strategist Quincy Krosby joins Catalysts to break down the state of the market as the second quarter earnings season is underway.

The guidance is going to be crucial because there's a tug of war in the market as to whether or not companies are going to need to trim their payrolls.But they've mentioned a number of times that there are concerns about their margins because, after all, operating margins are crucial for for a company right and what they're going to do to cut costs, so that would lead to worries that they may cut payroll.

Given that concern, though, I'm curious if the bar for that guidance is potentially a smidge lower than it's been previously. That is actually nothing, but granted, it moved up from, what, 1211 and 12, Uh, the when the vics really gets nervous.So again, uh, we're looking at, you know, having companies you want to buy where you may have missed the term.That's what we're doing because we manage money, and we we're Look, this is we're not looking forward to volatility, but we're looking forward to less expensive names, less expensive prices, and we're gonna take advantage of it.

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