Analysis: As earnings support U.S. stock rebound, worries over future profits grow

With the vast majority of S&P 500 companies reported, second-quarter earnings are expected to have climbed 9.7% from a year earlier, well above the 5.6% estimated on July 1, according to Refinitiv IBES. The robust profits have supported a rally that has taken the S&P 500 up about 14% this quarter, after a brutal first half.

While goods make up less than a third of gross domestic product, earnings tied to goods are expected to account for 62% of S&P 500 earnings this year, BlackRock said. "The risk of disappointing earnings is one reason we're tactically underweight stocks," BlackRock said. Morgan Stanley's strategists, meanwhile, are focused on the prospect of weakening profit margins. Overall analyst estimates call for companies' operating margins at all-time highs next year, they noted.

We knew this level of economic carnage was possible when the Democrats won the trifecta

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

Watches of Switzerland Group earnings show U.S. sales grow as U.K. demand coolsBritish luxury watch retailer Watches of Switzerland Group may be nearing the end of luxury’s stellar sales wave, as evidenced by their latest earnings report.
출처: LuxuryDaily - 🏆 325. / 59 더 많은 것을 읽으십시오 »

Swap speculative stocks for more boring plays even as market rallies, Jim Cramer says'It's time to take profits on the most speculative stocks in your portfolio and move that money into something more resilient,' the 'Mad Money' host said.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »