Investors navigating a tough earnings season in the week ahead can stick to several stocks with a history of beating earnings expectations, according to Bespoke Investment Group. Investors and market observers are expecting a tough fourth quarter reporting season for stocks. According to UBS strategist Keith Parker, S & P 500 earnings are expected to fall 2.7% in the fourth quarter , snapping seven straight quarters of growth.
Of 85 prior reports, the Texas-based firm beat earnings per share forecasts 75% of the time, and sales expectations 69% of the time, according to Bespoke. What's more, it has raised guidance 13% of the time. And, the stock typically rises 1.66% on the day it reports earnings. This month, UBS said in a note that D.R. Horton remains its top homebuilder pick in 2023, "given the company's size/scale, first time/entry-level focus and consistent execution.
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OSHA Fines Amazon 'Roughly 0.000013%' of Annual Earnings for Worker Safety HazardsA paltry $60,000 fine for failing to keep employees safe at one of the world's richest companies offered the latest evidence, according to one critic, that the system ostensibly meant to protect workers 'is so broken.'
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