Wall Street’s Earnings Forecast: Cloudy With a Chance of Turbulence

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More than 180 companies in the S&P 500 have pulled their earnings guidance in the wake of the pandemic, leading to the widest dispersion in earnings estimates in years

The coming earnings season poses a big test for investors and analysts, who say they are flying blind like never before.

More than 180 companies in the S&P 500 have pulled their earnings guidance in the wake of the economic crisis wrought by the coronavirus pandemic, limiting the visibility of investors. That has led to the widest dispersion in earnings estimates among analysts since at least 2007.

 

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Stock market is about to crash 1929-style.

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