Jim Cramer says this earnings season might be 'a rough one'

  • 📰 CNBC
  • ⏱ Reading Time:
  • 75 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 33%
  • Publisher: 72%

Portugal Notícia Notícia

Portugal Últimas Notícias,Portugal Manchetes

Cramer pointed to the consumer price index report and weak demand for the 30-year Treasury bond auction as part of an 'unforgiving backdrop' for the market.

CNBC's Jim Cramer on Thursday said he thinks the upcoming earnings season might be tough due in part to continued inflation.

He also said the market is facing an "unforgiving backdrop" that may cause many on Wall Street to interpret earnings negatively.on Thursday said he thinks the upcoming earnings season might be tough thanks to continued inflation, as well as new weight loss drugs seeding fear for investors in the food and beverage sector.

"This time, it already feels like it's going to be a rough one because the market seems to be nauseated by the companies that've already reported, with the sole exception of tech, which is once again getting a pass," he said. "I think it's because we're rooting for lower inflation and less wage growth, but so far we just aren't getting that scenario."

Cramer said the market is facing an "unforgiving backdrop" that may cause many on Wall Street to interpret earnings negatively. He pointed to Thursday's consumer price index report, which sawthis season. The Frito-Lay parent's Tuesday report beat Wall Street's expectations and it raised its full-year outlook. However, its stock has dropped in the past few days, finishing Thursday down 2.79%..

Price-to-earnings is a valuation metric that compares a company's share price to its earnings per share."If the bond market behaves, like it had the last couple days, if there's no new issuance of long-term paper by the Treasury, if we get some less hot economic numbers, then we will stabilize," he said.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 12. in PT
 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Jim Cramer's top 10 things to watch in the stock market WednesdayFutures tied to the Dow, the S&P 500 and the Nasdaq are higher.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Jim Cramer argues the bears are wrong: The economy and market are actually strongWe've had quite a run these last few days and the Club put a lot of money to work ahead of the recent rally.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »