div > div.group > p:first-child"> Stocks are at a pivot point, and it could be first-quarter earnings that help drive the market back to all-time highs in the near future.
Dozens of S&P companies, including Bank of America, Goldman Sachs, Johnson and Johnson, United Healthcare and IBM report earnings over the next few days, while J.P. Morgan Chase, Wells Fargo and PNC reported Friday morning. J.P. Morgan's results were seen as a good omen for the start of the earnings season, with record results that beat on the top and bottom line.
First quarter earnings are expected to see the first actual profit decline since 2016. According to FactSet, analysts expect a 4.2 percent drop in S&P 500 earnings. However, analysts are divided on whether the second quarter will be positive or negative, so the company guidance after current quarter results will be crucial to the market's valuation.
"The S&P is in a tug of war, trying just to move ahead of first quarter earnings, trying to figure out if the results will be good enough to sustain this area. It's been hard to push through 2,900. There's a lot baked into this move," Redler said."The banks really haven't led the rally, but lately they haven't been a headwind. If the banks respond well to earnings, it should maybe help fuel the move above 2,900.
Analysts say the financial names could be an important contributor on the road to new highs."The financials are important. There was a big bounce back in the past few weeks, but that was out of an extremely oversold condition," said Frank Cappelleri, executive director at Instinet."A lot of eyes are on them to see if the financials steady at this point. The tech stocks could lead...
Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:
MAGA baby
Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Asian stocks retreat from eight-month high as Trump opens new trade war frontAsian shares slipped from eight-month highs on Wednesday as the International Mo... Then, the EU could allow a softer Brexit...
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »
Walgreens and CVS stocks look like tempting values, but investors may be swallowing a bitter pillWalgreens and CVS stocks look like tempting values, but investors may be swallowing a bitter pill (via philipvandoorn)
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »
Global stocks rally stalls as U.S.-EU trade war threat simmersWorld stocks slipped below the six-month high they reached earlier this week as ...
Herkunft: Reuters - 🏆 2. / 97 Weiterlesen »
'The slowdown story is a complication' — Global stocks are down after central banks warn on growthAsian and European stocks and US futures fell on Thursday after central banks stoked growth fears and Theresa May agreed a six-month delay to Brexit.
Herkunft: BusinessInsider - 🏆 729. / 51 Weiterlesen »
Modi victory rally in Indian stocks is prematureThe Nifty 50 benchmark hit a record high on expectations the prime minister’s BJP party will get five more years. Valuations are already toppy amid an economic slowdown and weak investment. That can improve only if the winner repairs a huge trust deficit with the “bollygarchs.” ReutersBiz ugalani bitcoin rally helped this ATH 😅
Herkunft: Breakingviews - 🏆 470. / 51 Weiterlesen »
If you’re searching for higher returns, oil has doubled the gain of stocksConsider shares of Royal Dutch Shell, Exxon Mobil, Chevron, Halliburton and Baker Hughes, among others.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »
Stocks to rise | JetBlue shares jump | Uber reportedly to sell $10B in stockFutures are pointing to modest gains at the Wall Street open, following the S&P 500's first loss in nine sessions.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
Bond market suggests painful shock will hit stocks, investor Peter Boockvar warnsBleakley Advisory Group's Peter Boockvar sees two narratives gripping the market, and one could send investors running for cover. All built on lies? Peterboockvar how much money do handle. Follow the rainbow 🌦♾
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »
The joy ride for stocks from central banks is over, says strategistOur call of the day, from Hussein Sayed, chief market strategist at FXTM, says it’s time for investors to start holding Wall Street responsible for further...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »
Stocks making the biggest moves premarket: Delta, Apple, AT&T, Netlix, Under Armour & moreSome of the names on the move ahead of the open.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »