Citi strategist says stocks may be due for pullback because of too-high earnings expectations

  • 📰 CNBC
  • ⏱ Reading Time:
  • 15 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Breaking News: Investing أخبار

Wall Street,Business,Markets

The U.S. equity strategist worries the S&P 500's advance this year is in danger as companies will have a high bar to clear next month with the start of the second-quarter reporting season.

Stocks could be due for a pullback this summer given high second-quarter earnings growth expectations, according to Citi. Scott Chronert, U.S. equity strategist at Citi, worries the S & P 500's advance this year is in danger as companies will have a high bar to clear next month with the start of the second-quarter reporting season. In the second quarter, S & P 500 companies are expected to post an year-over-year earnings growth rate of 8.8%, according to a FactSet estimate.

" "So, essentially, what all this sets up for from our perspective is that we have to be prepared for a pullback as we go through the summer months into the fall," Chronert added. "And then set up, we think, for a better opportunity into the end of the year." .

 

شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.
لقد قمنا بتلخيص هذا الخبر حتى تتمكن من قراءته بسرعة. إذا كنت مهتمًا بالأخبار، يمكنك قراءة النص الكامل هنا. اقرأ أكثر:

 /  🏆 12. in SA

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين