"We're going to see companies beat on earnings," said Kate Warne, investment strategist at Edward Jones. "This will be a positive catalyst but not a very positive one."
Traders Gregory Rowe and Peter Tuchman work on the floor of the New York Stock Exchange ahead of the closing bell, June 21, 2019 in New York City.So far, more than 12% of S&P 500 companies have reported quarterly results this earnings season. Of those companies, nearly 84% have reported better-than-expected earnings, according to FactSet data.
"Where you're seeing pullbacks or earnings declines tends to be in areas or industries where companies may be in vulnerable positions," he said. Because of the trade uncertainty, "farmers are getting hit, but it's also companies that are getting hit. They've gotten some of their markets cut off from them and some of them are impacted by tariffs."
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.
Oil stocks have lagged the S&P 500 in 2019 but Wall Street loves themSeven of the 10 stocks with the highest upside potential over the next 12 months, based on analysts’ price targets, are in the oil business. Lemming trades.
Source: MarketWatch - 🏆 3. / 97 Read more »
Charts show the S&P 500 could be due for a correction, Jim Cramer says'The charts, as interpreted by Carley Garner, suggest that the upside in the stock market has gotten more limited,' Jim Cramer says. Yesterday it was buy, buy buy. Today a correction. But CNBC loves the phony maybe if Wallstreet wasn't letting an orange idiot lead them around on a string like a bunch of puppies this would have passed by now. Media manipulation , please enough respect our brains .
Source: CNBC - 🏆 12. / 72 Read more »
S&P 500 has its worst day in more than three weeksStocks finished lower on Wednesday, ending in the red for the second day in a row after trade worries bubbled back to the surface. Lower the fed and pass USMCA!!!
Source: CNN - 🏆 4. / 95 Read more »
Stocks set to decline for third straight session as earnings remain in focusU.S. stocks were on track for a third straight decline on Thursday as investors monitored corporate earnings and trade developments. The S&P 500 fell...
Source: MarketWatch - 🏆 3. / 97 Read more »