Earnings deluge could make or break sentiment

NEW YORK - Next week will go a long way in determining whether investors should be concerned about the dawning of an earnings recession or whether back-to-back quarters of negative growth can be avoided in what is the heaviest week for profit reporting by U.S. companies.

Heavy hitters Facebook and Amazon are due to report as well as a dozen Dow components such as United Technologies, Coca-Cola, Microsoft and Exxon Mobil. Refinitiv data shows analysts expect the first year-over-year earnings decline since 2016. As of Thursday morning, they see profits declining 1.7%. 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.

Wilson noted with the S&P 500 now near the top of their valuation range with a forward price-to-earnings ratio of 16.8, there is not much upside remaining without a resurgence in growth that the market currently anticipates. “It is just a return to the normal, what we are used to seeing, in this quarter,” said Lindsey Bell, investment strategist at CFRA Research in New York.

RT : Earnings deluge could make or break sentiment

Portugal Últimas Notícias, Portugal Manchetes

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

Cramer: Look to CSX earnings for your next stock playJim Cramer breaks down CSX Transportation's revenue data to discover industries and stocks that are worth making a buy.
Fonte: CNBC - 🏆 12. / 72 Consulte Mais informação »

Which Company Could Be The Next Permian Basin Acquisition Target?Following Chevron's acquisition of Anadarko Petroleum, which companies might be the next to make a deal? Hey you know, GOPs got all their bases covered just means, This treason shit go's deep, way deep.And been going on a long planned time..
Fonte: Forbes - 🏆 394. / 53 Consulte Mais informação »