5 prominent U.S. companies are most at fault for the earnings recession

Financial results from the calendar second quarter showed earnings for S&P 500 SPX, -0.14% components falling for the second consecutive quarter, a trend referred to as an earnings recession. Profits dropped 0.35% in the second quarter, based on companies that were in the index as of the end of the previous earnings season, following a 0.29% decline in the first quarter.

While Exxon’s earnings drop wasn’t the largest within the energy sector, the market-cap weighting of the S&P 500 means that the company’s results have a sizable impact on the index’s overall earnings performance. For example, Noble Energy Inc. NBL, -0.68% suffered a 158% drop in earnings for the second quarter, but its result had a comparably minor effect on S&P 500 profits. Exxon is nearly 30 times the size of Noble.

1. 1v. ?

$MU Interesting Micron gave a buy on our system in July 2019 and has done nothing with it so far, indeed it's gone back into the cloud. See chart. Key: above the cloud 'Buy' below 'Sell'. A hold for the time being. NASDAQ fintech fintwit investment investing trading

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.

This ETF can protect you from S&P 500 volatility and enhance your long-term returnsThe portfolio rules followed by the Trendpilot US Large Cap ETF would have led to market-beating returns over the past two boom-and-bust cycles.
Source: MarketWatch - 🏆 3. / 97 Read more »

What to watch in third quarter earnings from U.S. companiesU.S. companies are preparing to report third-quarter results following a rocky f... 👍🇨🇦 Ready to be shocked ? This won’t be pretty,America is in a recession right now,this week will prove it and remember these companies have fudged the numbers to make it look better than it really is.The Trump economy.
Source: Reuters - 🏆 2. / 97 Read more »

These 12 stocks are likely to smash earnings forecasts for the 9th quarter in a row, one Wall Street firm saysThousands of companies are set to begin reporting third-quarter earnings throughout the coming weeks.
Source: BusinessInsider - 🏆 729. / 51 Read more »