'Big beat ahead' - Bank of America sees better-than-feared earnings and these stocks leading the way

Apple CEO Tim Cook delivers the keynote address during the 2020 Apple Worldwide Developers Conference at Steve Jobs Theater in Cupertino, California.The second-quarter earnings reporting season is about to begin and Bank of America has higher hopes for U.S. business results than the rest of Wall Street.

The firm said there is a "big beat ahead," forecasting overall S&P 500 earnings will come in 8% higher than the consensus of analysts' expectations. A fifth of S&P 500 companies report earnings next week with the consensus estimating earnings of $23.20 for the second quarter, a 44% decline year-over-year. Bank of America is forecasting earnings of $25.00. To be sure, the bank's estimate is still a 39% decline for earnings since last year.

Pro Why don’t I just get these to verbought names direct form the bank?

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia Pacific stocks set to trade mixed as investors await Reserve Bank of Australia rate decisionThe Reserve Bank of Australia (RBA) is expected to announce its interest rate decision at about 12:30 p.m. HK/SIN on Tuesday. interesting Because it’s all about what the central banks do. Anyone that says otherwise is either ignorant or delusional. commie socialist welfare baby fake fraudster hypocrite
Source: CNBC - 🏆 12. / 72 Read more »