Industrial earnings take center stage in third quarter with trade, economy in focus

Third-quarter earnings overall for industrial companies are expected to rise by just 0.7% from a year earlier, according to IBES data from Refinitiv. That would represent a better performance than for the full S&P 500Profit declines are expected for the tech .SPLRCT, energy .SPNY and materials .SPLRCM sectors, while companies overall are facing tough comparisons with results from a year ago, when they benefited from a big corporate tax cut.

For industrial companies, Aguilar said, a critical factor is whether they ramp up capital spending, which could depend on U.S.-China trade tensions yielding a clearer picture of the business environment. U.S. and Chinese officials culminated talks in Washington last week with U.S. President Donald Trump outlining the first phase of a deal to end their trade war, including suspending a threatened tariff hike.

Carol Schleif, deputy chief investment officer with Abbot Downing in Minneapolis, said that Friday’s developments show some movement in the U.S.-China trade tensions, but uncertainty remains for companies.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

These 12 stocks are likely to smash earnings forecasts for the 9th quarter in a row, one Wall Street firm saysThousands of companies are set to begin reporting third-quarter earnings throughout the coming weeks.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

Three before you leave — What to watch for Tuesday including the start of earnings seasonOn Tuesday we'll get the start of third-quarter earnings season, bank earnings and a gauge of manufacturing acitivty in the New York area.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »

Wall Street flat as trade deal optimism wanes, earnings in focusU.S. stocks stalled on Monday after three straight sessions of gains as a bare-b... Our mission at is to build the social media platform that ends fake news
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »

What to watch in third quarter earnings from U.S. companiesU.S. companies are preparing to report third-quarter results following a rocky f... 👍🇨🇦 Ready to be shocked ? This won’t be pretty,America is in a recession right now,this week will prove it and remember these companies have fudged the numbers to make it look better than it really is.The Trump economy.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »