U.S. earnings deluge could make or break sentiment

  • 📰 globeandmail
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 92%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

U.S. earnings deluge could make or break sentiment GlobeInvestor

, with 155 companies representing over $9 trillion in market capitalization in the queue, more than 35 percent of the total for the index.

Refinitiv data shows analysts expect the first year-over-year earnings decline since 2016. As of Thursday morning, they see profits declining 1.7 per cent. Forrest said that while some companies have been able to hold the line on earnings due to their ability to control costs, investors would rather see earnings growing on consumer strength.

That return to growth has also been cast into doubt by the less than enthusiastic picture being painted by corporate outlooks. The current ratio of negative to positive preannouncements stands at 2.7, well above the 1.5 average over the past four quarters but in line with the long-term average dating to 1997.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
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:

 /  🏆 5. in MY

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 stocks hover below nine-month peak after Wall Street stallsBut while all three major U.S. stock indexes edged lower, the S&P 500 remained within a percent of its record high
Source: globeandmail - 🏆 5. / 92 Read more »

U.S. industrials’ gains put to test as earnings ramp upIndustrials’ gains put to test as earnings ramp up GlobeInvestor
Source: globeandmail - 🏆 5. / 92 Read more »

Canadian business sentiment drops from high levels: central bank surveyCanadian business sentiment has fallen from elevated levels as companies point to uncertainty around global trade, the housing sector and the energy industry, according to a new Bank of Canada survey. One thing is for certain... The Canadian Loonie is worthless these days. If only we used the Bank of Canada for our government loans and kept the interest in Canada. It would reduce our debt and save tax payers a tonne. Makes you wonder....
Source: CTVNews - 🏆 1. / 99 Read more »

Bank of Canada’s business sentiment gauge turns negative and drops to lowest since 2016Economic slowdown and trade tensions have begun to impact business confidence The photo gives me vertigo. 🥴
Source: nationalpost - 🏆 10. / 80 Read more »

Canadian business sentiment negative for first time since 2016: BoC surveyA new Bank of Canada survey says business sentiment has fallen from elevated levels, with companies underlining uncertainty around global trade, the housing sector and the energy industry. Jacked up energy costs and all of a sudden business sentiment is negative? Who can possibly figure out why? Save business to save jobs Geeze what changed the year right before? Did anything significant happen? Oh that's right...
Source: CTVNews - 🏆 1. / 99 Read more »