In a year when corporate earnings are broadly expected to deteriorate , some midcap names with cheap valuations are forecast to see strong earnings growth. The busiest week of fourth quarter earnings season is now underway. So far, 69% of those S & P 500 companies that reported results have beaten analysts' earnings-per-share estimates, according to FactSet. However, the blended S & P earnings decline for the fourth-quarter is -5%, per FactSet.
Hanover Insurance is expected to release fourth-quarter earnings on Feb. 1. It recently announced a pretax, preliminary estimate of $190 million for the quarter's catastrophic losses, higher than its previous forecast due to Winter Storm Elliot. The stock is down less than 1% year to date. Meanwhile, Brighthouse Financial is one of the largest holdings of Greenlight Capital's David Einhorn .
So in other words the rich are getting richer. Only the top 1% of 1%ers can afford a Lear Jet.
Россия Последние новости, Россия Последние новости
Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей
Short Sellers Feel the Pain in Stock Market’s 2023 RallyHighly shorted shares are racing past the S&P 500 this year, and short sellers are down by $81 billion. That’s not a bad thing. Good. Short selling is gambling greed. Perfect 👍 Short sellers should not exist. By law; anyone buying a stock must have it in their portfolio for at least one year. This planet would be completely better, different and fairer.
Прочитайте больше »
Jeremy Grantham warns of a massive stock market crash in 2023 outlookJeremy Grantham warns of a massive stock market crash and highlights what to own in his 2023 outlook. Here are the 7 best quotes. JAW boner There will be no crash. The fix has been in for twenty-years. The US equity market is a a scam. Until, it’s not. Weimer-era, here we come.
Прочитайте больше »