companies to beat earnings expectations by 8% in the second quarter after massive forecast cuts.
The muted projections, along with recent economic data surprises and positive early reporters, set up companies to surprise to the upside, Bank of America said Monday. Much of the bank's positive outlook hinges on slashed expectations. Analysts have cut their quarterly forecasts by roughly 40% heading into earnings season, marking Wall Street's largest cut since 2008. The modest predictions set companies up to surprise investors when they begin reporting quarterly figures next week, Bank of America's analysts said in a note.
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:
ProfElvanAktas FED brrrrrr diyorlar genelde :)
No question.
What kind of dumbass writes this? Watch the surprises after they kitchen sinked everything. Unreal
What forecast? Am I missing something? I thought we don’t give guidance anymore....
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Next stock market crash: 3 key technical indicators to watch from BofA - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Fauci Says U.S. Risks 100,000 Daily Cases in Dire Virus Warning ['
Source: BusinessInsider - 🏆 729. / 51 Read more »
Boris Johnson faces major Conservative party rebellion on Huawei - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Hawei is part of the CCP to undermine west countries. PDChina UK must take actions now. UK is going to find itself with these issues all over the place, they are so cravenly inept. I think you'll find that the threat is coming directly from the White House... most conservative MP's don't even know what 5G is....
Source: BusinessInsider - 🏆 729. / 51 Read more »
Top business news: Tech salaries, Conde Nast video, clean energy - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Anti-mask customers force some restaurants to re-close dining rooms - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Show me the data on masks please.. we stick to the data as I remember It is difficult to eat wearing a mask.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Google's possible North acquisition could help revive its AR glasses ambitions - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. No thanks.
Source: BusinessInsider - 🏆 729. / 51 Read more »