Company profits will be the weakest since the pandemic: Goldman Sachs

As markets head into first-quarter earnings season, Goldman Sachs strategists say corporate profits are set for their steepest decline since the start of the COVID-19 pandemic in 2020.

"However, if analyst projections are realized, this quarter will represent the trough in S&P 500 earnings growth. Materials and Health Care are expected to report the largest earnings declines," the note reads."Communication Services and Info Tech stocks are also expected to announce dramatic EPS declines despite recent surging share prices of some of these sectors' largest constituents.

The casino always wins, the gamblers don’t. Surprise!

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.

Goldman Sachs loves these stocks, but the rest of Wall Street hates themThe Wall Street firm identified a slew of stocks where its analysts are bullish but the majority of the Street gave either a natural or sell rating. 😂
Source: CNBC - 🏆 12. / 72 Read more »

US earnings set to be weakest since COVID pandemic, Goldman Sachs warnsProfit margins are expected to decline as an economic slump weighs on top companies. Biden economy is kicking in
Source: nypost - 🏆 91. / 67 Read more »

36 stocks to buy for double-digit earnings growth: Goldman SachsGoldman Sachs: Buy these 36 stocks that can achieve double-digit earnings growth this year even though the market is destined for flat profits Ah… no… markets going to drop 50-70% Before end of year. Economists are the worst at making predictions. They make you pay to read free information what a scam
Source: BusinessInsider - 🏆 729. / 51 Read more »